03-05-2019, 07:56 PM
(03-05-2019, 06:21 PM)RunKijanaRun Wrote: Have you ever bought a new car? Do you have any idea how much depreciation takes place after just one year? It's not 75%, like in your hypothetical, but the value decreases notably, for no other reason than the car is one year older and therefore no longer brand new.
In many circumstances, yes, the car in question may be a lemon (Rosen). But in transactions like your example there does not have to be anything implicitly wrong with the car for the diminished value to occur.
All I buy are new cars, it’s not anywhere near 75% lol. You know what goes up in value? Classic cars. Franchise QBs are classic cars not depreciating assets. Josh Rosen isn’t a classic car, he is a lemon.
