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Resident Expert

November 2008

11/01/08

Green House Go

This past spring, I finally sold my very fine but fuel-thirsty SUV, a 2003 GMC Yukon Delani. Sold it for less than $10,000. Eight months earlier, the same car would have sold for about $18,000, which means the car lost $1,000 in value as each month passed. Loved that car, too.

Why such a quick drop in value? You guessed the obvious: fuel cost. The vast majority of us quickly saw the need to make a drastic change, resulting in a glut on the market of used vehicles equipped with six- or eight-cylinder engines.

Many drivers made the change not simply to reduce their own carbon footprint, but to get a better return on their green, their dollar. And that's perfectly fine. Many of us bought smaller and more efficient vehicles, while the SUV lovers simply settled for...

Posted at 04:59 PM | Permalink | Comments: 1

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