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Depreciation Blues - 2002 Mitsubishi Montero Sport
By BJack - January 26 - 2:00 amNo problems to complain about with the vehicle. However I was totally shocked at the rate of depreciation when I decided to refinance to a lower interest rate. I like many others jumped on the zero down, zero payments with zero interest for one year deal with thoughts of refinancing with my credit union when the year was up.To my surprise the vehicle had droped in value by about 10K in only one year. Buyers beware of the snake oil deals, youll pay high interest through the Mits Finance Corp, and if you want to refinance after a year good luck! The key is to pay on it during the free year (which negates the whole advantage)