I'm looking to buy a 2007 Volvo C30 in 2012 or 2013 as my first car. I'm completely sold on the look and feel of it, and my parents love all the safety features. I've done a lot of research and it looks like the perfect first car for me. The only problem is, I haven't been able to get a consistent view on the price. Right now, most of the ones I've seen online are around the $28,000 mark. I've talked it over with my parents and we've worked out that they could loan me around $4,000 when I'm looking to buy. That will raise my total cash to around $12,000. I've spoken with an ex car salesman and he told me that in two years it'll easily be around $10,000. He said that Volvos depreciate rapidly in only a few years. Is this correct? Would I be able to afford a 2007 C30 with $12,000 in two or three years?
Thank you for your time.
Thank you for your time.