Re: Accord versus Taurus Economics
Fred Smith wrote:
> I am thinking about getting a used 2003 Taurus or Accord.
> The difference for a roughly equivalent model is around 8,000 cheaper
> for the Taurus, maybe even more. The Taurus has a high rate of depreciation
> and the Accord low depreciation.
>
> Given that, is there something else that I should consider strictly from an
> economic
> point of view? I know the Accord will be more reliable, but enough to
> eventually account
> for the difference in price if I own it for say five years or so with
> average mileage?
>
> I realize there are other variables, and that the Accord is just a nicer,
> tighter, better made car, and
> some of this is a matter of personal taste, but I'm wondering if I can make
> an business case for
> the Honda Accord. I would have to do this to convince my wife to spend the
> extra money. : )
>
> Fred
> ======================
The RESALE VALUE graph for an Accord eventually levels out after a few
years, so you'll always get a fair buck back out of it. The graph for a
Taurus continues to drop and reaches close to ZERO. At least that's what
the Auto Trader prices seem to show. :-)
'Curly'
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