What are some advantages and disadvantages to depreciation? It's for an upcoming article in the next few weeks and I need help

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Deadpool (Cam's much sexier twin) (Official Demon Fangirl)

As in cars depreciating? I’d look at a demand/cost curve. That pretty well explains it in simplest terms.

12/05/2017 - 02:51 |
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Chewbacca_buddy (McLaren squad)(VW GTI Clubsport)(McLaren 60

In reply to by Deadpool (Cam'…

Yeah

12/05/2017 - 02:53 |
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Anonymous

Advantage: you can get an expensive car for cheap. Disadvantage: You will probably sell it for cheap aswell and not make any money

12/05/2017 - 05:50 |
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CS55

Pros

  • get expensive cars dirt cheap
  • sometimes the best bang for buck cars

Cons

  • selling it is a no go
  • there is a reason to why the car depreciates (low demand, low build quality, way too expensive from factory, the way it drives etc.)
  • putting money into a hugely depreciated car is sometimes stupid (tuning it, restoring it)
    -high maintenance costs on some cars

So moral of the story. Buying a depreciated car don’t be just amused by the price. Look deeper into the car’s history, check if it’s the car for you, and if you have enough money to maintain it yourself. Because usually expensive high performance cars depreciate the most.

12/05/2017 - 13:49 |
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TheMindGarage

The advantage is when it happens to the previous owner. The disadvantage is when it happens to you.

12/07/2017 - 14:10 |
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