Car Depreciation

[madmondeo]

I am looking to buy a BMW 330 M Sport soon. My question is how much will a 05 car depreciate when the new 57 reg come out?

[NORMANTHEDOG]

about 30%

[madmondeo]

thanks norm

[BenDToy]

Norman. - I know you are well infiormed about things like this, but I can't help feeling this looks too much. Why should a 2.5 year old car depreciate by 30% when the new reg arrives? Are you sure you read the question properly?

[Pippa68]

I guess it depends on whether this years car is facelifted?

[bharathi87]

Buildings, machinery, equipment, furniture, fixtures, computers, outdoor lighting, parking lots, cars, and trucks are examples of assets that will last for more than one year, but will not last indefinitely. During each accounting period (year, quarter, month, etc.) a portion of the cost of these assets is being used up. The portion being used up is reported as Depreciation Expense on the income statement. In effect depreciation is the transfer of a portion of the asset's cost from the balance sheet to the income statement during each year of the asset's life. I think its about 30% for your case. Media URL: http://numia.biz
Description: