Originally Posted by
myrridin
Sorry, but your wrong. I did the same thing with my last vehicle, only it was traded in. I don't have those numbers in front of me, but the total capitol cost for the previous car was between $2,000 and $2,500 for a four year period... You quote "rules of thumb" and forget that transactions are negotiated (including those with insurance companies) I have done this many times over my lifetime. New cars, with low annual capitol costs... So you are missing the point. I am providing a specific example of something I have done repeatedly... though admittedly I get better at it each time Cars are simply not that expensive.
Well, I personally, do not believe you, that after a 4 year ownership, you were able to get better than 80% of Kelley Blue Book value on any vehicle. Even in pristine condition, assuming about 10K per year in miles. Now, if you never drove it, and were only getting 1K per year, maybe. But, I doubt you got 94% of purchase price from the sale.
It is my opinion from working in the auto sales industry.