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I am a little confused on Edmunds true cost to own. I think the system is flawed. Take my new f150 that Edmunds says is going to depreciate $19,909 in 5 years. It also says that total cost to own will be $53,547 to own for 5 years. Then I look up a 2008 f150 (5 years old) plug in my model 75,000 miles and Edmunds says its worth $12,954. well my math says that a truck that I paid $27,000 (big rebates) really cost me $14,046 in depreciation in 5 years. That is almost a $6000.00 difference. I think the true cost to own should have a spot to enter for rebates.
True cost to own includes finance charges, insurance, maintenance, repairs.. etc, etc, etc... not just depreciation.
Moderator - Prices Paid, Lease Questions, SUVs
I understand that but is the $19,909 that Edmunds predicts my 2013 F150 will depreciate in 5 years starting with the sticker price if the truck? In my case $38,000 if it is then it is a flawed system because Ford and Chevy give $10,000 rebates where Toyota only gives $2000 rebates so of course the Toyota will when on depreciation. In real life I only paid $27,000 for my $38,000 truck so if it depreciates $19,909 like Edmunds says that means in 5 years my truck is worth $7000.00? I don't think so brother. The Edmunds way is depreciating money that I never spent in the first place. I just think to get the true depreciation you should subtract rebates from the price or have a place where the researcher can plug in a real price paid. That would get the true cost of ownership.
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