Saturday, December 6, 2025

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Cape May Court House

The used car business is such a scam, when you apply the industry’s depreciation value, the standard they manufactured and apply that same formula to a used vehicle being sold the amount is always less for the customer, but priced much higher when they resale a used vehicle. Example! A 50,000 dollar new car, if you keep it for say 6 years it depreciates in value 30% the first 2 years then 8 to 12% every year after, so ever using low end % keeping a vehicle 6 years it adds up to 62% total of 50,000 = 31,000 then subtract 31,000 from 50,000 = 19,000 it worth they sell it for 28,500 don’t add

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