I tend to keep an eye on what my cars are worth year to year, and this is probably true of all used cars in this economy, but I was surprised today to find my Fiesta books for a good bit more than it did about a year ago. A year or so ago it was worth, according to KBB and NADA, around $13,000. Today they list it at $16,900 and $15,600 respectively. Which is crazy because I paid $19,500 for it nearly 6 years ago.
So, in essence, ~$3000 of depreciation in 6 years for a Ford economy car. That's super low.
So, in essence, ~$3000 of depreciation in 6 years for a Ford economy car. That's super low.