Auto Valuation


G

Guest

When tracking your Automobile asset value in Money, which
value do you use: Kelly Trade-In, Kelly Retail, or
something else?
 
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S

Scott Tyler

When tracking your Automobile asset value in Money, which
value do you use: Kelly Trade-In, Kelly Retail, or
something else?
I just figure 30% depreciation a year, divide that by 12, expense it each
month, then re-figure it the following year...

After 9 years of the above, my $9200-in-1994 car is $350 in Money, and was
$250 the last time I looked up the blue book. Close enough for me.

Due to the fact many cars end up being worth so little in the end, some
users don't even bother tracking them as assets in the first place.
 

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