The Economics of Car Ownership

**gingerjedi** · 2 February 2007, 09:13

You would lose less money on buying the 3 year old option assuming it’s reliable but you will get a 3 year warranty on the new one.

Buy a 1 year old and have the best of both worlds!

**lukemg** · 2 February 2007, 09:16

New car is great but the 2 week buzz that wears off very quickly does not equate to the 5-10k first year loss on anything decent (you think you want to keep it 6 years - after 2 or 3 you will want a change)
Look for something 18mths old, still got loads of life in but someone else has taken the hit.
For me, I really need a different car every 6 months to keep any interest. Having been lucky enough to have had some very fancy cars, the initial buzz of them is great but 3 months later it is routine and just another car.

**gingerjedi** · 2 February 2007, 09:33

Or just buy anything Japanese of any age, they never break down.

Cue tales of woe and european car snobbery....

**expat** · 2 February 2007, 09:36

Originally posted by milanbenes

car will need replacing soon

what to do

...
Milan.

Does it really need replacing?

**DimPrawn** · 2 February 2007, 09:37

Use public transport. Cars are evil. It is a scientific fact that this January was warm, solely due to the selfishness of middle class women in Chelsea who drive 4x4's. Evil bints.

**Francko** · 2 February 2007, 09:46

Originally posted by milanbenes

what to do ?

Milan.

Buy a proper car like an Audi or Bmw, instead of your skoda.

**expat** · 2 February 2007, 09:51

Originally posted by Francko

Buy a proper car like an Audi or Bmw, instead of your skoda.

Buy a decent cheap car that will last for up to 10 years (buy it 1-2 years old, very cheap). Replace 3 times over your working life, saving many thousands.

Meanwhile, rent the smallest place suitable for your needs, instead of buying the biggest you can afford.

Invest the savings. Retire.

**gingerjedi** · 2 February 2007, 09:57

Originally posted by expat

Buy a decent cheap car that will last for up to 10 years (buy it 1-2 years old, very cheap). Replace 3 times over your working life, saving many thousands.

Meanwhile, rent the smallest place suitable for your needs, instead of buying the biggest you can afford.

Invest the savings. Retire.

Reminds me of that program last night, 'pay off your mortgage in 2 years' they made him sell his beloved classic wooden sailing dingy and his sports car to get some cash to put in the pot, **** that if paying off your mortgage early means selling the things you enjoy I'll wait thanks.

**Francko** · 2 February 2007, 09:57

Originally posted by expat

Buy a decent cheap car that will last for up to 10 years (buy it 1-2 years old, very cheap). Replace 3 times over your working life, saving many thousands.

Meanwhile, rent the smallest place suitable for your needs, instead of buying the biggest you can afford.

Invest the savings. Retire.

So you would drive a cinquecento for 30 years just to retire a few years before???

Be glad now, there is no certainty about tomorrow (chi vuol esser lieto sia, di diman non v'e' certezza).

The Economics of Car Ownership