Quote:
|
Originally Posted by [b Quote[/b] (GTO @ June 23 2004,00:26)]The chap who bought it new for 17 lacs lost apprx. 10 lacs within a short while...while the second owner gets a car that is almost as good as new for about *40% of the original acquisition price. |
Thats why people in the UK wonder why Mercs/BMW are cheaper to run in the long term - their resale value offsets high running costs. However there is a lot of jiggery -pokery that goes on in manipulating supply and demand to ensure proper resae values. Best strategy is buy at two years, sell at five