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Why is my Honda only worth...?

Old Dec 5, 2007 | 05:03 PM
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Why is my Honda only worth...?

I have a Honda 2006 with approx 42,000km it's a dxg and the blue book value is only $14,000 I bought it in 2005 (Oct.) and paid in full $23,500. Why has my car depreciated so much? Txs in advance!Ontario,Canada
Old Dec 5, 2007 | 07:03 PM
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because it has 42K on it!!!
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