Looking for some advice and general discussion on the best ownership strategies for car ownership that minimize overall costs from maintenance and repairs to depreciation.
Here is a chart of the Ford Ranger depreciation
I understand there are variances between models and generations but finding those drop points is critical in reducing depreciation costs.
Looking at the Ranger, would it be possible to buy a two year old Ranger and consistently buy and sell two and three year old cars? Or would it be more realistic to buy a two year old car, and sell it as a 4 year car.
Am I missing anything, aside from stamp duty. UPDATE: about $2,000 - $2500 for stamp duty so the one year method is disincentivized.
Would this work for other cars such as a Land Rover?
Here is a chart of the Ford Ranger depreciation
I understand there are variances between models and generations but finding those drop points is critical in reducing depreciation costs.
Looking at the Ranger, would it be possible to buy a two year old Ranger and consistently buy and sell two and three year old cars? Or would it be more realistic to buy a two year old car, and sell it as a 4 year car.
Am I missing anything, aside from stamp duty. UPDATE: about $2,000 - $2500 for stamp duty so the one year method is disincentivized.
Would this work for other cars such as a Land Rover?
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