Not necessarly true.
I’m driving a ’99 BMW m3 convertible that I bought 3 years ago. KBB value indicated a drop of $800 for value for the 3 years owned.
I’m driving an amount of 10kmiles a year.
I do the maintenance myself.
The car cost me (including depreciation, maintenance, gas (ok..25mpg..), insurance, parts…) $4100 a year – much less than what a new chevvy econo-box would cost me…
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