New car every 3 years

[Ozzie Osmond]

Sure, some people like to have a brand new car on the drive every 3 years. It's what they want, it's what they can afford, good luck.

IMO it's the most expensive way possible to own cars.

Question: If you could afford it, would you do the "3 year new-car change" or something else?


PS. By "afford" I don't mean like a premiership footballer who can buy 6 Ferraris anyway...

[Ozzie Osmond]

Monty Python said:

there's no way I'd have spent £42k on my car brand new, knowing that in two years it would lose £17k.

...and in a period of 6 years that means suffering £51,000 of depreciation to drive a £42,000 car.

If you're willing to accept £51,000 of depreciation you might as well consider getting a £70,000 car and keeping it for longer. Slap a £1,000 dateless plate on it and you're laughing.

[Ozzie Osmond]

saabster14 said:

Yeah there does seem to be quite a body of folk who have been experiencing poor quality workmanship in the motor trade.

As the manufacturers are painfully aware. One of the best ways to keep a car reliable is to keep people with spanners away from it...