02GF74
Über Member
More worrying is the often forgotten cost of depreciation- all to often people are begrudging 2/3p per litre increase at the pump but their brand whatever sits there loosing heaps of money (up to £50 a day for some top exec cars) even when they're not in use.
car depreciation is something that I cannot get my head round.
I paid £ 13 k for my car 14 years ago, which was 1/2 price. When I last went on "we buy any car for peanuts dot com", they offered about £ 350 for it, and that is before the £ 75 admin fee!! I mean, it is worth at least £ 80 will a full tank of pertrol. For what wbac.com are offering, I couldn't even buy a set of tyres let alone another car that does what mine does.
Anyway back to the depreciation part - apart from the heated seats not working and a few blemishes to the interior and exterior paint (oh yeah, the pneumatic struts for the tailgate don't work but nothing that can't be fixed by propping it up with a stick), it does exactly the same as the equivalent brand new model that probably costs £ 30k!!! It may not be as fuel efficient as technology has improved but if i were to get a new car, i'd probably have to drive the equivalent to the moon and back 10 times before I start to save money. I can live with the stigma of having an M plate.