I cannot believe I drove 1,900 miles in the last 30 days! As my Camry tops the 40,000 mile mark, here is the corresponding value reported by Edmunds:
Trade-In Value: $10,751 (Last Month = $10,901, Change = $150)
Private Party: $12,309 (Last Month = $12,449, Change = $140)
Dealer Retail: $14,018 (Last Month = $14,139, Change = $121)
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.
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