Quote:
Originally Posted by Efthreeoh
My point exactly. If you lose 40% value on a refrigerator the day you bring it home from the appliance store, or lose 40% on a $50,000 3-Series the day you drive it home from the dealership, what's the difference... nothing. But no one realizes they loose 40% on the refrigerator because they keep it until it breaks and buy a new one. Cars, percentage-wise, are no different.
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You serious Bro? How many refrigerators can you buy with 40% of $50k? Also, refrigerators are used for at least a decade, whereas most people don't keep cars for more than 5+/- years. It's a completely different magnitude of loss. I don't take resale into consideration when buying cars, but it's moronic to compare how much you lose on a ~$1k refrigerator vs a $50k car.
It's one thing to not really care much about depreciation, it's completely something else not to acknowledge that the amount of loss isn't small.