High end ICE cars have long been treated as disposable items. 3 year lease and then resell for 1/2 of its initial price so suddenly it’s cheaper than new midrange models for good reasons.
Lower end cars on the other hand can be worth 3/4th of their initial value 5 years out, that’s a durable good.
High end ICE cars have long been treated as disposable items. 3 year lease and then resell for 1/2 of its initial price so suddenly it’s cheaper than new midrange models for good reasons.
Lower end cars on the other hand can be worth 3/4th of their initial value 5 years out, that’s a durable good.