@feld Maximizing the value is not the same as minimizing the expenditure of the fiat money.

In this example, if someone does not want to drive a rusty jalopy that is in a shop 60 days a year, then they may care about the resale value.

The longest I tend to keep cars is 9 years, and with modern cars I usually don't have to deal with any significant repairs. This is long enough that I don't care about the resale value. But one time I sold a Jeep that retained 30% of value (nominal). That was a pleasant surprise, but I don't want to make decisions based on looking that far forward.