Originally Posted by Guzzi 1
In reality, this has been a good year for new car sales. Incentives and low interest rates combine to stimulate that, along with people that held onto their aging car due to the bad economy these past few years.
That said, any vehicle you buy, regardless of what it is, depreciates most early on and then levels out. Unless you have something desirable that everyone wants and nobody can get their hands on, it is to be expected to take a hit on a fairly new car. After all, if you were going into a dealership and the price on the "newer" used car was close to the price of the new one, not to mention better interest rates on the new, which would you buy? That's just the way it is. How will it hold its value when it is 5 to 7 years is yet to be seen, but I don't have any illusions, since the Impreza, in and of itself, is nothing special. Having said that, mine has worked out well and I am happy with my decision to have gotten it.
Absolutely,depreciation is not a constant, you take a huge hit because nobody will buy a barely used car for close to the price of a new one when they can spend a little more and get a new one.
The dealer gave you actually more than it was worth, but they had an incentive as they probably charged a little more than they had to to sell you the mazda.
If you want to compare resale and trade values, do it in 5+ years, and see which car retains its value more. Odds are, it will be the subaru and not the mazda.