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Chrysler Group to introduce new stain- and odor-resistant ... - Autoblog

7. #6 does have somewhat a valid point. I also worked for a big Ford, Lincoln, Mercury, and BMW dealership here in N. Michigan. Yes, the domestics do have lower resale value than the Asian or European brands. But in my opinion, I think that the majority of new cars are overpriced and that most of them (including the imports) depreicate enough to the point that from a financial point of view, it's better to get a good 2-3 yr old model instead of brand new. Because every car depreciates quite a bit over the first 2-3 yrs. Unless you have the extra money to spend on brand new and don't care about taking a big hit on depreciation.A good example to this is a '05 Cadillac Deville w/ 25k miles, excellent condition that someone Was selling as an off-lease vehicle privately in the local paper. This car new stickered around approx. $46,000. The asking price Was $22,500 or best offer. It's funny, because the domestic luxury cars depreciation is terrible. Not saying anything wrong with the cars, but they just don't hold their value like their foreign competition. Heck, for around 20 grand, I'd buy that Caddie and spend - More available

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