Archive for July, 2013


The Most Respected Talk Show Experts on the Web

Car talk npr

It is well known that our beloved automobiles are one of worst investments that we will make in our lifetimes. Even worse, we will do it over and over again! While purchasing a 30,000 dollar car may not be quite as bad as spending 100 or 200 grand on an English Literature degree, by the time your beautiful, shiny new sports coupe is paid off, it will be worth no more than the rubber on which it stands.

As soon as you leave the dealership parking lot, the value of your automobile will depreciate nearly 10 percent. If you think that is bad, your car will lose between 9 percent and 11 percent over the next five years. To put this in perspective using real numbers, after five years, a 30,000 dollar car will only be worth about 12,000 dollars. Of course, that is if it is in excellent condition and has no more than 7