Hi Ernest,
if the OMV of the car is abt 15k, then the parf should be abt
12k.
31000-12000=19000 of depreciation over 3 yrs, which end up abt 6.3k
(sorry, not exact cos dunnoe which mnth of 96 the car belong
to).
6.3k of depreciation per yr, hmmmm.....seems a bit high to me cos
an EXI does not hold a Vtec engine. In another word, the engine is
one grade lower then Vtec (no offence to Exi drivers).
The other day I saw a Honda City Vtec in the 2nd hand market,
depreciation per yr only abt 5.2-5.5k!
Maybe, ask that guy to sell you at 29k. Then can consider
lor....... or, to be more precise, let me know the mnth of the car,
dec 96 or jan 96 etc.