I can definately see the wisdom in buying something that won't be worth shit in the future. There are two ways you can take this:
"ture" story: A friend of mine at work bought an OZ Lancer (Just the tip of the iceberg). 1.5 years into it, she gets into an accident (t-boned) and it causes $8,500 ish in damages. The car is worth almost $9000. What does this mean ? This means that she's going to pay her deductible, and they will FIX this thing, it will never ride straight again, and she's stuck with it. BUT on the other hand, had she totalled it out, she still owed over $14,000 on it.
Lose lose.
But on the other hand if you buy something that's guaranteed to go down the shitter (Like a VW) and you're NOT (NOT NOT NOT) financing it, just take the money and run from the coverage. It'll immediately drop, but if you get at least $100 worth of driving out of it, then you're covered for the depreciation.
knowwaddamean ?