The price of new cars.

[Grimble]

I get a car allowance at work so buy an ex company vehicle from an auction that has full dealer service history and a high mileage. I save about 60% plus on the purchase price and end up with a car that when washed and polished looks like new. Put about 100k miles on it over 4 years and its still worth 4 or 5k.

So 4 years motoring for a depreciation of about 10k in total. Not bad for a nice big Volvo.

[GreenBrick]

Originally Posted by DSK

I do 800-1000 miles a week in my Volvo C70 (been doing it for about 7 years now), one has about 250,000 miles on it and outside routine servicing in 250,000 miles its only needed the following despite crusing regularly at nealry twice the speed limit up and down the M40.

Have you factored in speeding tickets in your estimate, I think not?

[Dippydog]

I am still of the firm belief that the supply of "bangernomics" type vehicles that I buy will outlast me and that's assuming that the two I have now don't do that anyway!

[GreenBrick]

I am down to only 4 cars now, and each of them were as near as dammit £1300 each. I have tried expensive cars and the running costs go up with the purchase price. Unless I came into more money than I possibly needed, I cannot see myself moving from this price range any year soon.
I have tried expensive cars and was bitten hard by depreciation, never again.
I have probably sold far more old cars for more than I paid for them, than anyone who has bought new - free motoring at its best.
I used to work for a chap who had a new supercharged Jag, and my car at the time cost less than a pair of front tyres for his car, and when it got written off, I got twice what I paid for it back by selling the parts off.