Depreciation

[Snowboy]

I've been told that for a relatively new car (say, under 7 years old) the depreciation over 3 years is conservatively around three fifths of the price. So, it's worth two fifths.

That is to say, a 5k car will be worth 2k in 3 years.
A 15k car will be worth 6k.

What do you reckon?
Too much?
Too little?
Or it's just not really possible to make such a blanket statement.

[kambites]

Depends on the car, but somewhere between 50 and 60 percent is about right for most mainstream stuff, yes. Some (usually French) mainstream cars will be as high as 70%.