Cars depreciate at different rates, depending on a variety of factors, including the model’s popularity, consumer’s perceived quality of different models, supply, and whether or not the vehicle is of the current design. However, based on research from Edmunds and Consumer Reports, new cars tend to depreciate most rapidly in the first few years, generally making pre-owned vehicles a better value.

A28. Boats typically are bad investments. We think the Nordhavn 43 is about as good of an investment as we can make in a boat, as long as we keep her in good shape. A few Nordhavns have actually gone up in value. They are extremely well made, trusted, and a specialized craft. In general we expect to not lose a ton of money, and hopefully hold about even. If well maintained, these boats can last 20-30 years. See similar questions...

Yes and no. The piano (unlike an automobile) is built to last for a lifetime, if it receives proper care and maintenance. Compare your piano to say, a home for instance. In that sense it is appreciating or at least will hold its value long-term over clearly depreciating items like vehicles or electronics. There is a clear depreciating curve, however, that a new piano goes through. See similar questions...

No, manufactured homes will appreciate just like a stick-built home just as long as it is put on a foundation and is converted to real property. We have had customer's manufactured homes appraise form $100,000 - $1,000,000. We have had investors and developers realize profits in excess of $200,000 on their manufactured home projects. Just like any piece of real estate the true determining factors in value appreciation are location and condition of the property. See similar questions...

As of January 1, 2005 the laws regarding charitable car donations changed due to the passing of the Jobs Creation Act of 2004. The law will not affect donors who do not itemize on their taxes. Donors who do itemize their taxes will no longer carry the burden of determining the deductible value for their donation. Instead, they will receive a verifiable written receipt from the charity, which will document the gross proceeds raised from the sale of each donated item. See similar questions...

Your vehicle's actual cash value is what your car is worth on the open market before the accident. It is determined by comparison to similar vehicles in the same condition as yours or by a pricing service that has information about auto prices in the local market. Condition, equipment and mileage are taken into consideration. See similar questions...

The New Car Blue Book value reflects a vehicle's actual selling price and is based on tens of thousands of recent real sales transactions from auto dealers across the United States. The New Car Blue Book value is not calculated or based on a proprietary formula; instead it is derived from actual new vehicle sales and extensive knowledge of the marketplace. New Car Blue Book pricing is offered as a single value, a range and information on current market conditions. See similar questions...

Unfortunately, yes! You might be better off buying a late-model, certified pre-owned car. Some cars hold their value more than others. It's a simple matter of supply and demand, but we'll show you how to dig up new and used car prices and where to find the very best deal on your dream car. Of course, the more flexible you remain in your car search, the better the deal you can negotiate. You're in full charge, especially armed with the information available here at Car Buying Edge. See similar questions...

What kind of auto insurance coverage should an older car carry? You should at least have the minimum auto liability insurance required by your state. Many people with older cars do not purchase collision or comprehensive coverages. With an older car, the cost of repairing the physical damages to the car may be greater than the value of the car. In that case, your car insurance company may declare your car "total" and give you a check for the car's market value. See similar questions...

The answer to this is NO. Studies show that it is the land on which the home stands, not the method of construction that determines the rate of appreciation or depreciation. See similar questions...

Your new car warranty will not be effected by using Tufoil. We do recommend that you run your new car between 5,000-10,000 before you start using an engine oil additive like Tufoil. See similar questions...

By law and specified by the Department of Motor Vehicles, we absolutely cannot, under any circumstance, set the miles back on any odometer. See similar questions...

One of the benefits of leasing is that you can drive a new car every two, three, or four years. To many people who lease, this is an acceptable tradeoff with having to make ongoing payments considering the benefit of always having a new car that is always under warranty. And you still have the option to buy at the end of the lease if you decide you want to keep hold of a particular car. See similar questions...

You are entitled to recover the “fair market value” or the actual cash value of your vehicle immediately before the accident. One common source used to estimate fair market value is the Kelley Blue Book. Other sources of information are the local newspaper or the Auto Trader, which may list the for sale price of cars of the same make, model, and year as yours. Occasionally, an expert vehicle appraiser is used to help prove the value of your vehicle. See similar questions...

If you have a vehicle you would like to sell but do not know what it is worth, bring it by and our buyer will assess it for you and try to help. If you need a written appraisal for insurance or financing purposes, please contact us to make an appointment for an appraisal. See similar questions...

Befor filing your taxes, we suggest you review IRS Publication 526 which sets forth the manner in which the IRS requires you to determine the value of your donated property. In short, the IRS allows you, the donor, to assess the fair market value of your vehicle. The Kelly Blue Book web site will be helpful in determining the value of your vehicle. See similar questions...

Thanks to new tax law (in effect as of January 2005), the IRS has taken the guesswork out of determining the value of your vehicle. You may deduct the full price that we receive from the sale of your vehicle. This greatly simplifies the process for you, the donor, because you no longer have to research and come up with an estimate of the fair market value of the vehicle. This also eliminates the risk of you getting into trouble by overstating the value of your deduction on your tax return. See similar questions...

You can obtain the approximate value from various websites. Look for "used car pricing" or contact your loan officer or credit union and ask for the NADA retail value. An Auto P. I. inspection will let you know the true condition of the vehicle and the cost of any needed repairs. You can take that information and adjust the price of the vehicle to obtain the value of the vehicle. See similar questions...