Offer your thoughts or opinion on the input financial query or topic using your financial background.

Why do 10 year-old luxury cars lose so much value?
+1 They are over priced to begin with - More specifically they are expensive to create exclusivity, which raises their value to people who value that kind of thing. Perhaps folks who buy those cars aren't buying them for value or quality or performance, but are buying them for the badge and the intangible factors.  I frequently hear about rich people who earned their millions driving around in cars Consumer Reports rank highly, so it isn't because they are so much better than a mid priced car. A car for $140,000 is either equipped for the A-Team or is a status symbol.  The status symbol notion is very expensive, but fades very quickly, hence the mighty depreciation.