TOT: car depreciation

Its the feminine mind. Which thinks that a BOGOF deal is saving money when you throw both in the wastebin...

It's a lot easier to trade a three year old car for serious discount than a 15 year old car ,

What was she 'not accepting'?

- your assessment of the relative depreciation in the two time periods?

- your assessment of whether this should be a/the factor in her choice?

Seems a funny thing to have an 'argument' about...

J^n

Well its actually not that simple.

I have run old cars most of my life and some new ones

In the the end the TCO is very dependent on what model you buy, how hard you run it and how well you look after it.

I know people who buy cars don't insure them, don't register, dont tax them, them don't service them and leave them by the side of the road when thy break, Cost a few hundred a year typically

Whereas a new Jaguar is starting at about £10k a year depreciation but an older one is simply £1500 a year in maintenance :-)

Or you can contract hire one for £1000 a month

The good thing about new cars is they have warranties and don't (usually) break. But you pay a lot for that. Whether or not a new car with peace of mind and street cred is preferable to a cheaper option of running an older car into the scrapyard depends on your finance, technical ability and preferences.

I paid £250 for my 1966 Mark 2 :-\

theres an old oriental saying / proverb, which roughly translateed comes out as :

"a womman will pay $1 for a $2 item that she doesnt need - but a man will pay $2 for a $1 item that he does need"

The idea of getting a new car makes her happy. Having a Broil[1] tell her she is fooling herself makes her unhappy.

It was the first.

It was an 'argument' rather than an argument.

I bet you paid a lot more to keep it running!

That is very very good, and true IME

not great deal - as its never been to a garage (apart from my garage)

and theres no road tax !

I think your analysis is entirely correct :-)

But did you ever see your older self driving the same car towards you 25 years on? :-)

sort of - but mainly because I thought an E Type would look a bit ridiculous :-\

used EV cars are suddenly becoming a bit more desirable after Trumps lunatic attack on Iran. She could try and sell it privately and then get a good deal on a new car without any trade-in.

And an arm and a leg to tax it, even if you only do a few hundred miles a year :-(