[quote=svelte]My son bought a 89 Lexus LS400 for $4K last year. 160K miles, faded paint, cracked dash pad, a few rock chips but otherwise in good shape.
I’d say that is quite a bit of depreciation on a car that sold new for $35-40K.
The general rule is that car value will bottom out at 25% after 10 years. That LS400 was down to about 10% of its original purchase price.[/quote]
svelte, would you agree that your son couldn’t have found a better-running car for $4K?
