Luxury car depreciation

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c107

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I've been staggered by a couple of recent examples of depreciation I have seen in luxury cars.

1) My E350T. Purchased 9 years old with a full year of rego for $18,000. Sold new for over $130k. That is almost $13k per year of depreciation.

2) My brother is buying an E63 BMW (650i). He is looking at a 2008 model. Over 10 years, it will have lost around $200,000 or $20k per year.

I know there are even more extreme examples that this, the BMW 7 series come to mind, but even for very wealthy people this is a lot of money!
 

Oversize

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$13k per year isn’t too bad if you can claim depreciation. But $20k is pretty crazy!
 
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