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by Retric
1573 days ago
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A 9 year old BMW model 7 which ran 74+k new with 78k miles is only 20k, that’s at best retaining 27% of it’s value after 9 years. A 10 year old 150k mile BMW model 7 is down at 15k that’s down to 20% of it’s purchased price. Depreciation is simply higher on more expensive cars, look at a wider selection of cars and 40% after 10 years is quite good especially on a 100k car. That said anything unusual such as the F150 Harley Davidson you looked at tends to retain it’s value much better. |
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That is the trend Tesla is going towards, and it is not a trend to defend your position that Battery cars can / should replace ICE
The market can not bear every car having a resell value like BMW's