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Terry JacksonNew car's value in the future

Dear Terry,
How much will a used 2007 Tahoe be worth in about three years?
-- Jake

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Dear Jake,
Well, it all depends on the optional equipment, mileage and condition. But consider this: If you were to lease a 2007 Tahoe through GMAC, the residual value after three years would be calculated at about 57 to 60 percent of the full MSRP (Manufacturer's Suggested Retail Price), including options. While there's no guarantee that your Tahoe would sell for that much in three years, it's a good guideline.




Here are this week's reader questions:
Driving for Dollars: Bad weather means best buys on new car
When should I start to ignore the dings?
Why not back out of a deal? I did it.
How much will my new car be worth in three years?

If you have a question for Terry, e-mail him at Driving for Dollars.

Bankrate.com's corrections policy-- Posted: March 24, 2007
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