Quote:
Originally Posted by Zara85
knowing I'll pay £41k to only sell for £16 roughly after 3yrs is hard to swallow.
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Depreciation at this level will be broadly the same irrespecspctive of what you buy. If you have the money and WANT I new car that's fine but it may be worth picking appart why you want a new car. If you just want a different car why not a 3 year old car? In your original post you comment that you will sell when it's out of warranty, are you concerned about out of warranty repairs? In the past your concern would have bee valid but the reality is that modern cars are way more reliable than in the past, sure you will spend more on maintenance in years 3-6 but it's exceedingly unlikely to be such as to wipe out the savings on depreciation.
I paid £11k for a 7 year old Mercedes E320 with 68,000 miles on clock. Had it 3 years it's now done 105,000 and cost around £5k in maintenance, some of which is routine It's probably worth £4k - £6k. Would have cost original buyer £35-£40k. Still drives almost the same as when new, everything works fine. I use a local indipendent MB specialist have no reason to think they have ever ripped me off, done unneeded work, overcharged or been anything other than straightforward, in fact think franchised MB dealer would have done stuff over and above what was needed to no performance or reliability benefit.
The result is I feel like I'm driving a £40k car but as it stands it's cost me £10k + fuel, insurance and tax.