"Chris Friesen" wrote in message
...


Even now, a new Matrix XR is about $20500 with 0% financing and some
incentives added on top. Checking the local auto trader listings, a
2008 with 45000km is currently $18000. A 2006 with 79000km is $15000, a
2004 with 157000km is $11000.


Incentives like 0% interest can indeed turn the depreciation argument upside
down, since they're usually only offered on new cars. You can spend a lot
more on the price of a car at 0% interest than you can at even low interest
rates, and still come out ahead.

--

-Mike-