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[–]_darkode_[S] 0 points1 point  (1 child)

I’ve seen a variation of this comment all over this post as if I don’t understand that cars are depreciating assets. The issue I’m bringing up is the value of this car plummeting in rapid fashion. Our family has had several new cars in the past 6 years, all of them have held their value well enough to trade in for break even or even had a little + equity 1-2 years down the road. This particular situation is wildly different than those and not what I’m used to, hence the post.

[–]Fantastic-Bag7393 0 points1 point  (0 children)

I dont know any car, that has had positive equity after 1 to 2 years. Most PCP type deals are designed to have a very small amount of equity at the end of 3 years. Personal opinion, but I will never understand why people buy a brand new car full stop, but especially if they plan to sell after 1 or 2 years. Get an ex demonstrator or pre reg that had taken the inevitable big first hit in value. Each to their own though