The $150 drop in trade-in value is very much in line with my monthly accrual of $150 depreciation. According to my historical breakdown shown below, I still keep a healthy margin between what is reported in my net worth calculation and what is the true car 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%
Apr-04
$ 10,751
$ (150)
$ (960)
$ (160)
40,000
1,900
7,800
$ (0.02)
$ 9,100
118%
Moving forward, I will produce this car value update quarterly. I can see the depreciation of my value is steady and predictable, so I believe it is no longer necessary to track and discuss it monthly.
A New (Used) Car For Father's Day(June 21, 2004)
My wife will start to work again pretty soon. The new job brings new challenges and commitments. First, we we agree that to continue to rely on one set of wheels will stretch our time because we work in different locations (10 miles apart), so ... Read
Upromise Check Received(May 13, 2004)
Today I received a cashback check of $61.54 from Upromise.com. I have been using Upromise service since August 2003. Upromise is a useful service that helps people to save thru grocery shoping, online purchase, dining and a number of other activities. Its service is generally ... Read
Update of Car Value - 3/4/2004(March 04, 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:
Read
Update of Car Value - 2/6/2004(February 06, 2004)
Since last update one month ago, I drove 1,400 miles and my car mileage is now 36,800. (For new readers of this site, I started a monthly habit to track my car value since October.)
Read
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