Subaru Enthusiasts Car Club of the Sierras - View Single Post

sperry · 2004-10-08, 09:47 AM

Thanks Art.

Unfortunately, they don't tell you where the appraised value comes from. That whole 15% + 5% for each year deal is crap. A new car depreciated 20% the instant you drive it off the lot! And a flat rate depreciation is totally un-realistic.... hence the reason for the appraisal inspections.

For example: the SVX

MSPR in 1994: $34,000
- (15 + (5 * 9))%
= $13,600

I'm pretty sure my SVX isn't worth $13,600!! So I got it appraised... and even then they appraised it for twice what the market value of the car is! Where's the formula that the DMV used to get that $4100 value?

Anyway... enough ranting I guess. It's registered and paid for now... no use in getting my panties all wadded up.

2004-10-08, 09:47 AM	#31
sperry The Doink Real Name: Scott Join Date: Nov 2002 Location: Portland, OR Posts: 20,335 Car: '09 OBXT, '02 WRX, '96 Miata Class: PDX/TT-6 The way out is through	Thanks Art. Unfortunately, they don't tell you where the appraised value comes from. That whole 15% + 5% for each year deal is crap. A new car depreciated 20% the instant you drive it off the lot! And a flat rate depreciation is totally un-realistic.... hence the reason for the appraisal inspections. For example: the SVX MSPR in 1994: $34,000 - (15 + (5 * 9))% = $13,600 I'm pretty sure my SVX isn't worth $13,600!! So I got it appraised... and even then they appraised it for twice what the market value of the car is! Where's the formula that the DMV used to get that $4100 value? Anyway... enough ranting I guess. It's registered and paid for now... no use in getting my panties all wadded up. __________________ Is you is, or is you ain't, my con-stit-u-ints?