That  7500 dollars for a  3 year old car ... is an annual ownership cost of what, 1200 bucks? 1500? 

Vs your 4 year old Honda, which goes for about 16 ('14 MY) , and is worth 7500 ('10) at 8 years, a total ownership cost of 8000 for four years, 1200?  (I'll use Ontario for apples to apples, although the depreciation curve is steeper there than most other places due to their excessive salt use). The caveats with the standard also apply (though this is personal preferences, I hate autos) 

That percent drop is indeed sharp ... but in actual dollar sums, it's pretty decent.