What Your Utility Has in Common with My Dad’s ’67 Pontiac
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For a family car, depreciation is pretty straightforward – at least in concept. The Vista Cruiser had a useful life of eight years. So, the way to pay for the next car would be to include, in the annual family budget, one eighth of the purchase price of the 1967 Pontiac. Then, at the end of the eight years, there would be money in the bank to replace the station wagon.