Resale Value change

[RickLightning]

Carvana

July 31st - $41,800
Dec 21st - $38,400
800 miles more

March 26th - $42,400
Now, up current mileage from 16,800 to 22,800 - $39,600 or 47 cents per mile.

Sponsored

 

[TwentyTwentyThree]

All I’m saying is, a (daily driver) car (or truck/suv) is a depreciating asset and can not be looked at as an investment.

I think a rule of thumb for depreciation assuming annualized 15k is
20% - first year
15% - every consecutive year until year 5 then it falls of a cliff.