Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited.

Why do 10 year-old luxury cars lose so much value?
There is usually a bunch of reasons for this, some psychological and some entirely practical. Let's start with the latter: If I wanted an older luxobarge, I'd buy something from the early to mid 1990s in good condition. These cars tend to be a little less complex and thus a little easier to repair, plus you can find them for prices that makes them to 'disposable'.