Dear people who know things about car values,
I was feeling curious, so I decided to check on the current "trade-in" value of Lola, my Corolla. It's slightly higher than what I paid for her (used, before taxes) last year. Is that even possible?
I'm guessing that NADA just hasn't adjusted prices down for 2009 yet or something. It's funny, though, to think that the value of a depreciating investment (my car) is holding up better than the values of my IRAs and condo. Le sigh.
P.S. I got a letter from Honda a few days ago asking to buy back my 1996 Civic. Sadly (for both me and Honda), I sold the Silver Bullet a few years ago to a starving artist and his musician girlfriend. I wonder what took people so long to learn to love small cars - the Bullet was pretty much the best car ever. I used to fill up the tank for $10 once or twice a month. And the car was quite the looker:
(a less dinged-up twin of the Silver Bullet)