I bought it one year ago from a used car dealership here in Quito for $13,000 USD.
So, I used the car for a year, put 26,000km on the car (16,100 miles), scratched it up a bit and still didn´t lose a cent on it.
No big repairs were needed, just oil changes, new tires.
Is this normal in Ecuador? Why?
In my own experience, I´ve seen for most car types and models in Ecuador, cars depreciate about $1,000 per year of use.
It never ceases to amaze me when in Ecuador people will drive a new car off the lot and then try to resell it a short time later for $500 less than they paid for it!
In places like the US you´d lose 30% of the cars value instantly or more!
Not in Ecuador.
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