Depreciation, buyer beware!
By AbnRanger on
2002 Mitsubishi Montero Sport ES 2WD 4dr SUV (3.0L 6cyl 4A)
I'll never buy another Mitsubishi! I
traded into the Montero Sport with
around 2K negative equity thinking I
could absorb the 2K over time. Boy was
I wrong! I've watched the Montero
decline in value below HALF of what I
owe. These Montero Sports have little
trade-in value...they got me hook-line-
and-sinker! I have no out for a trade,
I owe over 10K more than the retail
value. I'll drive the damn thing till
it's paid for, then I'll donate it to a
military target range!
Lower the MSRP to compensate for the
drastic decline in value.