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Originally Posted by LotusGT1
Sounds like a drama with you drop $25k in one year...
Makes them more interesting for second hand buyers though  |
Understand that the size of the auto industry in the US is huge.. you are talking 100,000's of cars of many models produced... some times millions.
Rental fleets, company fleets, government fleets - millions of cars sold/leased etc - so the "used" value of a car is nothing... because there are so many - prices reflect what it takes to move the used cars at auction.
So the $50K sticker of a towncar limo for a limo service is nothing - as they just pay a 12 or 18 month lease rate, and forgo the residual value buy-back to turn the car back to the dealer/distributor/lease company etc and trade in for a new one.
Again, the result is a glut of good condition low mileage used cars that have already made some money for the finance house, now it's the turn of the wholesaler to make some money off the car, sells it to a dealer who inturn sells it back into the market place - and so on and so forth.