Quote Originally Posted by MetroMPG View Post
Canoehead - I wonder if the "depreciation" is an accounting issue rather than actual value. If I'm not mistaken, business use of an auto permits you to claim 30% depreciation per year as a tax-deductible business expense.

That doesn't explain how it could be equal to the Camry though.
Good point. I hadn't thought of that, and am of course not a fleet manager/business person. I only looked at it as the idea of using a car for 3 years and then selling it. I would happily buy a 3 year old Mirage for a $9000 discount! That would be a steal of a deal. I hope many fleets and rental agencies adopt this car, as that would make for a ready supply of used ones, greater parts availability, and keep the price reasonable. Used Honda Fits seem to be outrageously priced around here, as there are so few available (a 2007 Fit with 100k+ km can cost almost as much as a new Mirage).