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Subscribe to this threadCost of owning a car crests $1/mile on some models
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EnviroBob @ Dec 8th 2007 10:48AM
You are correct. It's funny reading posts from people who use re-sale value as a percentage of MSRP as the best / sole basis to evaluate cost of ownership. There are frequent post about how an Impala is worth $3000 less than a Camry after several years, but these morons don't take into account that the original transaction price was $3000 less than the Camry to begin with. This is why Edmunds shows the true cost to own is less for an Impala than a Camry.
I hope the fools who can't understand this concept aren't finance majors.