10-28-2009, 03:06 AM
|
#1 (permalink)
|
|
Track Member
Join Date: May 2009
Location: s. cali, los angeles
Posts: 627
Drives: 09 370z plat 6 speed
Rep Power: 268
|
Quote:
Originally Posted by mattkim85
hmm from what i have heard, once you sign all the paperwork
the car depreciates in value 20%. That is the main reason experts recommend putting down at least 20% for the car just so that if you run into financial instability, you would not be hurt by it as much.
20% of $40k is $8000
so IMHO $32,000 - $33,000 sounds about right.
|
Ask Fusz if my reasoning is correct.
And nooooo, you heard wrong. Cars don't deppreciate 20% "once you sign all the paperwork."  "That is the main reason experts recommend putting down at least 20% for the car just so that if you run into financial instability, you would not be hurt by it as much."-if you're gold-balls credit, make lots of money, have a high 'revolving availability'--you can roll outta the Porsche dealer with just drive-off's i.e. ~10.5% in state of CA.
|
|
|
Similar Threads
Hybrid Mode
