Car purchasing
28 February 2007, 11:09 PM
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Car purchasing
Still not 100% sure which is the best method so I'd see what most people thought...
Purchase a car brand new. Lose money through depreciation over 3 years.
Or
Purchase a car that's lost most of its depreciation and lose money through maintenance and repairs.
eg. Renault Megane R26 which can be bought for £14, 800
Lose approx £2000 a year but have no repair bills
eg. BMW E34 M5 which can be bought for £6000
Lose nothing in depreciation but cost at least £2000 a year in repair bills
Purchase a car brand new. Lose money through depreciation over 3 years.
Or
Purchase a car that's lost most of its depreciation and lose money through maintenance and repairs.
eg. Renault Megane R26 which can be bought for £14, 800
Lose approx £2000 a year but have no repair bills
eg. BMW E34 M5 which can be bought for £6000
Lose nothing in depreciation but cost at least £2000 a year in repair bills
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