>a car depreciates 30% when it rolls off the lot

>a car depreciates 30% when it rolls off the lot
...is a myth. Your car isn't suddenly 30% less desirable because it's not sitting on a dealer lot. What it actually means is that the dealer ripped you off by making you pay 30% more than what the car is worth.

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  1. 1 month ago
    Anonymous

    >What it actually means is that the dealer ripped you off by making you pay 30% more than what the car is worth.

    bullshit. I'm never gonna buy second hand for the same price I can get at the dealer. No matter the price at the dealer.
    The dealer didnt rip you off; it does depreciate the second you roll off the lot.

  2. 1 month ago
    Anonymous

    Remove brand new limited edition super desirable cars from this discussion for discussion's sake. People were buying brand new corvettes $20k over msrp, and reselling them for profit is why I want to differentiate.

    Lets take a rounded soap bar npc mobile. Something that will be 100% forgotten about 30 years from now. Honda howcares. Ford mom mobile. Chebby grocery getter who cares sorta car. Lets say you're in the market for CUV #377 and the dealership wants $45,000 for one. But you've noticed some dumbass on facebook market place, ebay, CL, whatever you use. Its got 16 miles on the clock and is otherwise dealership-new. Are you paying anywhere near $45,000 for it?

    I propose you either are willing to pay notable discounts on it, such as $40k total, because that person is selling a brand new car for some reason and they cannot profit from it because theres 100 of them on the dealer lot they just drove from.
    OR
    You're just going to the dealer to pay $45k wishing that dude good luck.

    Explain depreciation, OP.

    • 1 month ago
      Anonymous

      >depreciation
      Doesn't exist. It would be like trying to explain ghosts or antisemitism.

      • 1 month ago
        Anonymous

        No I fully see what you're saying in your OP and even agree with it. Theres no other item in the world that I'm aware of that costs tens or hundreds of thousands of dollars when sold new, then the next day if you tried to sell it you'd on average get say, 75% of what you paid for it. You can't fully call that "depreciation" even though technically thats what it is. The dealership had to pay for all of their overhead, pay the salesman, pay the trucker to get it from the factory, pay the detailer to make it look perfect, pay everyone in line and still make a profit themselves. Thats where the initial "depreciation" drop comes from which makes sense. But specifically you'd probably never be able to resell a car you just bought for the same money because what moron of a buyer would do that for anything but a very rare vehicle?

        imagine buying a brand new house, then immediately having to sell it. If you got a house for $500k and then had to resell it for a job, you hate the neighborhood, whatever. You can list it for $500k, but after the sale you won't have $500k in your bank account. Realitor gets a cut, title office gets a cut, bank fees get paid, state gets a cut, etc. We don't call that depreciation, some just call that theft.

        • 1 month ago
          Anonymous

          >You can list it for $500k, but after the sale you won't have $500k in your bank account. Realitor gets a cut, title office gets a cut, bank fees get paid, state gets a cut, etc. We don't call that depreciation, some just call that theft.

          >you won't have $500k in your bank account
          You will if you paid off the mortgage
          you will if you sell it for more that you bought it

          >Realitor gets a cut
          kek, for what? putting the house on his website and making a few people visit it? Just market it yourself.

          > state gets a cut
          Its the buyer who pays taxes, if not, just include the taxt in the original price

          >We don't call that depreciation

          Houses are built to last forever. Cars arent. An house is an asset. A car is a liability.

          • 1 month ago
            Anonymous

            Read the thread doofus.
            >you will if you sell it for more that you bought it
            Holy shit you've just solved the new car depreciation problem. Buy new car, drive it around for a while then just sell it for more than you paid for it.

          • 1 month ago
            Anonymous

            you werent talking about a though but a house you dungfus

          • 1 month ago
            Anonymous

            Its clear you've never bought or sold a house. But its also just an analogy.

          • 1 month ago
            Anonymous

            I actually did buy an appartment and I regret it because I have to wrench on the street (no garage) like a bunch of chuds from DA

          • 1 month ago
            Anonymous

            >I actually did buy an appartment
            Thats not a house, different set of rules. Think outside the bun for a moment and go with the flow of the thread.

      • 1 month ago
        Anonymous
  3. 1 month ago
    Anonymous

    My phone deprecated 50% when I opened the box!
    My keyboard deprecated 90% after one year!
    My fridge deprecated 40% in 1 month!
    Consumer products are not investments!

    • 1 month ago
      Anonymous

      >Consumer products are not investments!
      I nominate to have this tattooed to OP's forehead

  4. 1 month ago
    Anonymous

    I hate when people say this. It's just one of those dumb facts that people love to parrot to feel intelligent.

    Really bro? You're calling the United States America? America is a continent! Durr durr hurr durr

    Everyone knows things de-appreciate, you don't buy a new car thinking it's going to perform like a good stock or a house. It's so pointless to mention.

  5. 1 month ago
    Anonymous

    If you bought a new car and complain about it's deprecation, you couldn't afford it in the first place.

  6. 1 month ago
    Anonymous

    it's the VAT

  7. 1 month ago
    Anonymous

    Depreciation is not real unless you decide to liquidate the car.
    If you paid 30k magical israelite credits for something, you lost 30k magical israelite credits for it. Any "depreciation" of its "value" after that is irrelevant as long as you drive the car into the dust (which you should).
    This is also why that figure that some bring up where they claim it costs ~10k per year (it's that high because it includes "loss" from "depreciation") to own a car ticks me. That "loss" is imaginary unless you make it otherwise.

    I wish more understood this, but in the meantime I'll enjoy the cheap used cars we get to have because normgroids apparently don't think like this.

    • 1 month ago
      Anonymous

      Unrealized gains and losses my dude. Goes back to property taxes, asset appreciation (or depreciation in this case). Nobody complains about depreciation on their TV or cell phone. We can complain about rising food costs but thats 100% depreciation.

      Some cars are simple commuter tools and should be driven until catastrophic failure, or when the repair is greater than 50% of buying a similar shitbox tool. That rule may even apply to collector vehicles, sports cars, and other fun toys, but the people who buy new cars and sell them less than 5 years later are a little insane but some people just like having nice things. No a $2000 pair of shoes isn't worth $2000 but some people just love that kind of shit.

      • 1 month ago
        Anonymous

        >Collector car
        This is just a masculine version of collecting Funko pops lmao. Kys for even using a car as an investment vehicle you fricking boomer. Imagine buying something and imagining the day you will sell it. If you truly love your car you will drive that thing into dust because you use it so much.

        • 1 month ago
          Anonymous

          Sour grapes is not an admirable look. Assets shouldn't deliberately be devalued because you can't afford them.

  8. 1 month ago
    Anonymous

    it is always a stupid thing to say as a car is a machine and machines always depreciate initially.

  9. 1 month ago
    Anonymous

    Based
    It's called "amortization of goodwill", not "depreciation of fair value".

  10. 1 month ago
    Anonymous

    The MSRP on this b***h is like $34k. Where is the 50% depreciation that you speak of?

    • 1 month ago
      Anonymous

      If its just $1000 off after 2300 miles (reduced price) when in the blue hell would you not just go buy a brand new one with fewer than 10 miles on it?

      • 1 month ago
        Anonymous

        Idk, morons buy them I suppose. I wonder this all the time when I'm looking at used cars.

      • 1 month ago
        Anonymous

        >blue hell
        >blue
        The blue color is rare and Toyota doesn't build-to-order like Subaru does.
        I agree with you though and as much as I love blue, I would just buy an NPC silver one new from teh dealer instead.

    • 1 month ago
      Anonymous

      Cars aren't sold at mrsp

      • 1 month ago
        Anonymous

        they're not if your salesperson thinks you're a b***h

      • 1 month ago
        Anonymous
  11. 1 month ago
    Anonymous

    Oh wowee what great insight OP! You mean to tell us people aren't paying the dealer markup on cars bought from people who aren't dealers?? Thank you for enlightening us!

    These threads are made by people with a 90 IQ who learned a "cool little fact" that is new to them and think they're enlightening all of the people 1 standard deviation of IQ quotient below them. Meanwhile, we're all just looking at you like you're moronic. "No shit, moron"

  12. 1 month ago
    Anonymous

    >muh resale value
    >muh depreciating asset
    All poorhomosexual terms.

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