He based his estimate on what Mustangs start at, which is comparable in his mind because Mustangs have a little lower MSRP, but also lower resale % v. Wranglers (which is the best comparable).
Basically...
If you bought a Bronco for $30K and it was worth $22K after 3 years/40K miles... then the depreciation is only $8000/36 = $222/month... Add taxes, fees, financing profit and interest, and $400/month or less seems reasonable.
Basically...
If you bought a Bronco for $30K and it was worth $22K after 3 years/40K miles... then the depreciation is only $8000/36 = $222/month... Add taxes, fees, financing profit and interest, and $400/month or less seems reasonable.
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