The month of February saw another 1,300 miles on my car. With an odometer reading of 38,100, here are the resale values listed by Edmunds:
Trade-In Value: $10,901 (Last Month = $11,044, Change = $143)
Private Party: $12,449 (Last Month = $12,571, Change = $122)
Dealer Retail: $14,139 (Last Month = $14,281, Change = $142)
Compared with previous months, this month represented a quite normal value depreciation. Also, I am still maintaining a 18% buffer between the trade-in value and my book value.
Month |
Trade-In Value |
Monthly Change |
Change vs Oct 2003 |
Avg Monthly Change |
Odometer Reading |
Monthly Usage |
Change vs Oct 2003 |
Value Loss Per Mile |
Book Value |
Trade-In as % of Book |
Oct-03 |
$ 11,711 |
|
|
|
32,200 |
|
|
|
$ 10,050 |
117% |
Nov-03 |
$ 11,628 |
$ (83) |
$ (83) |
$ (83) |
33,400 |
1,200 |
1,200 |
$ (0.07) |
$ 9,875 |
118% |
Dec-03 |
$ 11,752 |
$ 124 |
$ 41 |
$ 21 |
34,100 |
700 |
1,900 |
$ 0.01 |
$ 9,700 |
121% |
Jan-04 |
$ 11,353 |
$ (399) |
$ (358) |
$ (119) |
35,400 |
1,300 |
3,200 |
$ (0.04) |
$ 9,550 |
119% |
Feb-04 |
$ 11,044 |
$ (309) |
$ (667) |
$ (167) |
36,800 |
1,400 |
4,600 |
$ (0.04) |
$ 9,400 |
117% |
Mar-04 |
$ 10,901 |
$ (143) |
$ (810) |
$ (162) |
38,100 |
1,300 |
5,900 |
$ (0.03) |
$ 9,250 |
118% |
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February 2004
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October 2003