In Reply to: Re: Rate of depreciation posted by Larry on October 06, 1999 at 13:19:44:
When you are looking at the price of a used car at a BMW dealership, chances are that you are looking at one from their Certified Pre-Owned herd. Larry is looking at a car that he describes as loaded...and it was leased. Most of the cars that are purchased by dealerships are leased, because they typically have low mileage and are well taken care of. Larry is probably looking at a pretty good deal, making his purchase from a friend, who will undoubtedly save him quite a few bucks.