Depreciation of a 2004 in 1 year?

[CFI_LUZ]

I found a 2004 with approximately 20k on it available for about 61k. I was wondering if anyone can estimate the depreciation in 1 year and 2 years from now if driven 15 k per year. How many were made for this year?

 

[Ski_Banker]

I found a 2004 with approximately 20k on it available for about 61k. I was wondering if anyone can estimate the depreciation in 1 year and 2 years from now if driven 15 k per year. How many were made for this year?

First, you won't be selling it in 1 - 2 years. If you do, you'll be looking for another one in 1.5 - 2.5 years.

Second, look at how 2003s with 35k miles are trading and you'll get an idea of the depreciation. Not much.

An 04 for $61k sounds like a really great deal, BTW. Enjoy! :smile: