If you worried about depreciation then you wouldn't buy anything in life and its just something you have to stomach whether a car, TV, washing machine but there are ways of minimising depreciation on a car when buying new.Z4M-2006 wrote:See I can't understand that ...
I would save up and when I had the money I would buy it..I could wait, I wouldn't need it NOW!!
That said I would never buy a new car if that's what you mean?
To buy something for 40k and lose 40% of its value over a few years seems crazy to me,just to say I've got a new car?
To pay for finance ,and to get walloped for depreciation for the Sake of a car seems like getting kicked in both bollocks at the same time.
I take Lux's view, you can't take money with you once you've gone and as a new motor can give pleasure in life and you can afford it why settle for someones hand me down. I've had plenty of second hand cars in the past and as I'm pretty anal about condition etc I've never been 100% happy with a used buy. People simply don't look after cars these days. I tend to save a small deposit, keep the monthly payments reasonable and change for new on a regular basis knowing any probs that do crop up I don't have to worry about the expense etc.
The only other way I would do it is buy a really cheap new car and keep for 20 years so your maximising value for money but then ownership would become pretty boring, my Z3 being the exception
Tim.