PRESENTATION OUTLINE
2011 dodge nitro heat 4wd
Brand new: $22,500
Current price: $14,500
The value of the car could go down over the years depending on how many owners the car has had and if the car has gotten into accidents.
In another 5 years from now this car will be worth $9,344.55, given that nothing serious happens to the car
Rate of depreciation: $1,600/year
Equation: y=22,500(.915878)^x
Buying a used car is worth it if the car is in good condition and has good mileage. Also, it's a great idea if you are young and starting out because car payments for a new car will be expensive.