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SVTPerformance's Chain of Restaurants
Road Side Pub
cobra doesn't hold value.....
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<blockquote data-quote="Chameleon" data-source="post: 1732347" data-attributes="member: 15615"><p>Well said. </p><p></p><p>The best way not to lose much money on cars is to buy ones that are at least two years old. The majority of depreciation in value happens during the first two years. The flip side of that coin is that when you purchase a performance car there is a good chance that it has been driven much harder than a non performance car, therefore purchasing a two year old performance car is risky.</p><p></p><p>IMHO you should not buy a new performance car if you think you may need to sell it in two years. You will have just paid for the majority of reduction in value. If you buy a new one, keep it and drive it....get the payback from driving pleasure.</p><p></p><p>If you think we have it tough look at the 04 GTOs, they can't give those cars away!</p></blockquote><p></p>
[QUOTE="Chameleon, post: 1732347, member: 15615"] Well said. The best way not to lose much money on cars is to buy ones that are at least two years old. The majority of depreciation in value happens during the first two years. The flip side of that coin is that when you purchase a performance car there is a good chance that it has been driven much harder than a non performance car, therefore purchasing a two year old performance car is risky. IMHO you should not buy a new performance car if you think you may need to sell it in two years. You will have just paid for the majority of reduction in value. If you buy a new one, keep it and drive it....get the payback from driving pleasure. If you think we have it tough look at the 04 GTOs, they can't give those cars away! [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
cobra doesn't hold value.....
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