Apples to Oranges

The latest thing I've seen in crazy advertising is the scam of offering you a "new previous model year" car at half price.
You've seen $4000, $5000 and $9000 rebates and discounts so you think to yourself maybe this could be true so you get your trusty steed cleaned up and head to the dealership in hopes of trading it in on a new dream.
You get there and they take you to a row of cars that pertain to the ad that you saw. There is one stripped down car that is exactly 1/2 price of the new one if you count the full list MSRP price. The others are several hundred to several thousand higher BUT you do notice one fatal flaw in this picture. Although with rebates and discounts you could buy this $22,000 car for $15,000 this one is $11,000 but it has 23000 miles on it and you find out it was a rental car.
12 months, 23000 miles equals a lot of driving. Is this a bargain? Let's think about this for a moment, 1 year would depreciate this car approx. $3000- $4000, average mileage is 12000- 15000 depending on whom you talk to, this has been a rental and probably hasn't had the timely service that you would have done. The extra mileage would be deducted from the value of the trade if it was yours to the tune of $3000.
Let's put a pencil to it.
New $22000
Your buy price $15000
1 year old - $ 3000
mileage deduct - $ 3000
you should buy for $ 9000

Is it a bargain? You just answered your own question Happy Hunting Don
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