Saying No To New Cars

May 03, 2011 · For example, your new car after a year will lose up to 50% of its value, but your car at 5 years and your car at 7 years will be worth roughly the same, with the caveat that there are psychological factors that diminish the value, such as a car with 95,000 miles being worth a significant amount more than a car with 105,000 miles, simply because ... ................
................