comparing Genesis to MB E350

[tompass]

nextcar-Did what you suggested. Car is worth anywhere from $18,700 to $21,500. MB dealer without seeing car offered $18. Will likely get $20 from Hyundai dealer in June on trade for new Genny should I make that decision.

 

[YEH]

That's not the way I understand resale values. The way I understand it, if you can get a car for below ATP, you've done well in terms of preserving resale. Admittedly, I don't know much about depreciation because, as I said, that is never one of the factors for me buying a car.

Depreciation is calculated from MSRP - so a model will tend to have greater depreciation the greater the diff. btwn ATP and the MSRP.

But, however, for those buyers, their depreciation hit is not nearly as bad since they basically got the savings up front.

I think we're saying the same thing, but going at it from diff. angles - but depreciation is calculated from MSRP which can be misleading since it should really be calculated from ATP.

 

[tompass]

In my situation, the Hyundai Assurance plan guarantees about $20K at 36 month mark so if I paid $38K for the car, it cost me $500/month excluding taxes, tags, etc. This is assuming I trade up to the '15