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Update of Car Value - 3/4/2004



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%

Back Issues

February 2004
January 2004
December 2003
November 2003
October 2003

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