Hello you sexy people!
When it comes to PC hardware, the residual life concept doesn't really apply. The fact that my CPU's been working for 2 years doesn't necessarily means that it has a shorter life expectancy than a brand new one.... it's either working or not.
I'm not a car guy but I know it's not the same when looking a car and its mileage.
Now I'd like to know, how do you devaluate the price of a car based on its mileage. Is there a rule of thumb like reducing 5% of its value for every 10k miles or something?
I.e. How do you know what's the better deal between a 14k$ car with 30k miles and a 10k$ one with 100k miles. Do you do any computation or something?
I'm currently looking for a car and I often see similar car with different mileage and I'm having a hard time evaluating which is the better deal... can you please help me with that?