this post was submitted on 23 Sep 2023
2069 points (96.2% liked)
Memes
45889 readers
1535 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is likely not going to be the case for the classics (old->modern-day). A Honda Jazz will lose it's value, a classic Aston? Less likely - even static some of them are works of art.
Ok but what if the Aston isn’t cared for properly and left out to rust? Then the price will go down!
Is my bringing-up-a-small-edge-case helpful? Does pointing to 1% of situations refute the general case or further the discussion in any meaningful way?
Simply pointing out that not all cars will depreciate in value. Well maintained ones should continue to hold their value until oil prices and taxes make them out-of-reach for the average citizen. Let us not forget that 80 percent of vehicles are bought in the second-hand market... Nobody has raised the prospect of killing that market off yet in a policy sense (of which I am aware).