This question is irrelevant to me, and I suspect to many others. How much is a $6800 used car worth after you buy it?
99.9% of vehicles depreciate rather than appreciate, and the average depreciation of a new car is approximately 15% the first year. With an initial cost of $7000-ish the depreciation of a one year old Elio is likely be way less than the depreciation of a one-year-old Cadillac.
15% of $60,000= $9,000
15% of $7,000 = $1,050
Even if depreciation is 100%...100% depreciation of $7000 = is still less than $9,000