I have a year old Forester Turbo and I’ll have the money to get a MY01 next year.

Am I foolish to get a new car after only two years? Should I wait until its third birthday?

Should you keep it for a minimum of three years every time to get the most from it financially and depreciation wise or does that really matter?

Any views?

 

Go for it, you know it makes sense

[This message has been edited by blubs (edited 25-02-2000).]

 

Keeping it for 3 years means that you are keeping it during the period when it depreciates most.

It does all depend though on how you financed the car. If you financed it via a balloon finance deal then you need to keep it close to the term to ensure equity.

Personally, I love cars so much that I change far too soon each time and lose money, but hey .......