Holy Depreciation!!!

I was watching The Car Show on Speed, and they have a segment where they look at cars that were high-end vehicles that are now dirt cheap. On the last episode, they looked at a 2006 Porsche Cayenne Turbo S which started life at $135k. Now what is it worth? About $35k. I did a quick search on Kelly Blue Book and Edmunds and they both say about $45k. Still, that’s a loss of $90k in 5 years. Take into account the ~10% sales tax, and the original owner has lost over $100k in 5 years! I could do a lot with $20k a year.