Originally Posted by DoubleWasp
Whatever savings one gets on the initial is lost on the plummet depreciation. Good call on walking away.
While I'd never buy a Ford DCT vehicle, the funny thing is their depreciation doesn't seem too bad.
According to the San Diego area Honda dealers and the ALG,
Civic LX Sedan has 50% residual value after 36 mo, 35% after 60 mo.
Corolla LE ECO CVT 47% after 36 mo, 34% after 60 mo.
Cruze LT Auto is 39% after 36 mo , 28% after 60 mo.
Focus SE is 35% after 36 mo, 25% after 60 mo.
Focus has least value but it's not a bloodbath compared to a Cruze and both are well below ToyOnda.
Whatever savings one gets on the initial is lost on the plummet depreciation. Good call on walking away.
While I'd never buy a Ford DCT vehicle, the funny thing is their depreciation doesn't seem too bad.
According to the San Diego area Honda dealers and the ALG,
Civic LX Sedan has 50% residual value after 36 mo, 35% after 60 mo.
Corolla LE ECO CVT 47% after 36 mo, 34% after 60 mo.
Cruze LT Auto is 39% after 36 mo , 28% after 60 mo.
Focus SE is 35% after 36 mo, 25% after 60 mo.
Focus has least value but it's not a bloodbath compared to a Cruze and both are well below ToyOnda.