There is no "standard" rate.
(1) In my experience the suggested 40% knockdown in year one can easily range to 50%, and do not necessarily plateau there with no further reduction ad infinitum..
(2) The variable depreciation in estimated fair market value, -- independent of what year out it is-- is also HIGHLY influenced by the state of the economy at the time you pull the trigger. Intuitively, expect a harsher grind-down in gloomier times.
(3) Thirdly, ALWAYS parse out a depreciated value for a dealer trade-in from any proposed private sale value. They don’t equate in any manner. The former is always going to be a much harsher mistress .... full stop.
(1) In my experience the suggested 40% knockdown in year one can easily range to 50%, and do not necessarily plateau there with no further reduction ad infinitum..
(2) The variable depreciation in estimated fair market value, -- independent of what year out it is-- is also HIGHLY influenced by the state of the economy at the time you pull the trigger. Intuitively, expect a harsher grind-down in gloomier times.
(3) Thirdly, ALWAYS parse out a depreciated value for a dealer trade-in from any proposed private sale value. They don’t equate in any manner. The former is always going to be a much harsher mistress .... full stop.