> I want to let someone else take the big up-front depreciation hit that comes with that intoxicating new car smell.
It's interesting how people talk about "depreciation" of an item that pretty much never, if ever, increases in value.
It's interesting how people talk about "depreciation" of an item that pretty much never, if ever, increases in value.
For example for a few years Chevrolet Silverados were made with "cat eye" headlights. Those trucks hold their value far more than chevys with rectangle headlights, all other variables being equal.
It is a very useful concept.