My Personal Finance Journey

Personal finance observation, musing and decisions in a journey toward financial independence by 2020 with at least $3 million.


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Update of Car Value - 11/5/2003

Contributed by mm | November 5, 2003 7:38 PM PST

This is the second installment of my monthly car value update. (See the first update here.) Since last update I've driven around 1,100 miles. My current odometer reading is around 33,400.

Car Value Update:

www.edmunds.com

Trade-In: $11,628 (last month = $11,711, change = $83)
Private Party: $13,081 (last month = $13,172, change = $91)
Dealer Retail: $14,687 (last month = $14,784, change = $97)

It seems that www.nadaguide.com has not updated the value list since my last update.

So, it appears by making a monthly entry of $175 depreciation I'm more than conservatively estimate the real car value. I'll keep tracking this for at least several months to get a good understanding of the car depreciation.

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