Should I talk my mother in law out of this?

Should I talk my mother in law out of this?

Author
Discussion

gr1340

Original Poster:

975 posts

203 months

Tuesday 29th July 2014
quotequote all
My MIL owns a 2008 Honda Civic 1.4 petrol with just 32k on the clock that she has had from new and always serviced on the button at Honda.

During the service she spotted a brand new blue Civic 1.4 diesel and was offered 6k trade in and a balance of 11k to pay to change. The reason she wants to change is that she doesn't want to lose anymore money on it in depreciation.

Obviously she doesn't do a lot of miles and she isn't a car lover really, just an a to b type owner. An example of this is the trip computer has the same mileage as the odometer (no idea how to reset) and I am pretty sure she doesn't understand all the Eco lights that appear at a certain rev range.

So, should I talk her out of it? Yes, it's her money but she has taken the big hit already, chucking another 11k into the mix will just leave her in the same situation in 5 years time but without 11k in the bank. I just don't feel that she is spending her hard earned cash for no benefit.

Am I right or should I leave her to her own devices?

Shaw Tarse

31,543 posts

203 months

Tuesday 29th July 2014
quotequote all
gr1340 said:
Am I right or should I leave her to her own devices?
Yes

mybrainhurts

90,809 posts

255 months

Tuesday 29th July 2014
quotequote all
You are right.

But wimmin don't listen to good advice...smile

mybrainhurts

90,809 posts

255 months

Tuesday 29th July 2014
quotequote all
Shaw Tarse said:
gr1340 said:
Am I right or should I leave her to her own devices?
Yes
Just about covers it...hehe

PS...what are these "devices", of which you speak?

gaz1234

5,233 posts

219 months

Tuesday 29th July 2014
quotequote all
Let her blow it

Tc24

527 posts

139 months

Tuesday 29th July 2014
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I'd be more concerned that she's not even averaging 6k miles per year and is considering a diesel!

Stenn

2,219 posts

134 months

Tuesday 29th July 2014
quotequote all
Tc24 said:
I'd be more concerned that she's not even averaging 6k miles per year and is considering a diesel!
This. If she fancies a shiny new car it's her money, no problem but Id advise her to look at petrol models.

Looket

688 posts

121 months

Tuesday 29th July 2014
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Does she think the new one is a future classic and hence won't depreciate?

mybrainhurts

90,809 posts

255 months

Tuesday 29th July 2014
quotequote all
gaz1234 said:
Let her blow it
It's his mother in law, so that's incest...

brillomaster

1,254 posts

170 months

Tuesday 29th July 2014
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'doesnt want to lose any more money on depreciation'... so is considering selling the car that will depreciate maybe £3k in the next 5 years, for one that will depreciate £11k in the next 5 years?!?

man maths definitely trumps women logic, they clearly dont have a clue!

pork911

7,127 posts

183 months

Tuesday 29th July 2014
quotequote all
mybrainhurts said:
It's his mother in law, so that's incest...
...?

Otispunkmeyer

12,580 posts

155 months

Tuesday 29th July 2014
quotequote all
Doesn't want to lose any more in depreciation. So buy a new car that's going to drop value at an even greater rate of knots. Nice logic!

shalmaneser

5,931 posts

195 months

Wednesday 30th July 2014
quotequote all
gr1340 said:
During the service she spotted a brand new blue Civic 1.4 diesel and was offered 6k trade in and a balance of 11k to pay to change. The reason she wants to change is that she doesn't want to lose anymore money on it in depreciation.


TooMany2cvs

29,008 posts

126 months

Wednesday 30th July 2014
quotequote all
gr1340 said:
The reason she wants to change is that she doesn't want to lose anymore money on it in depreciation.
DPF asides, my head hurts.

Bennet

2,119 posts

131 months

Wednesday 30th July 2014
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If she's the nice, reasonable, appreciative sort, tell her. If she's a sow, leave her to it.

Bill

52,694 posts

255 months

Wednesday 30th July 2014
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hehe

Polrules

394 posts

234 months

Wednesday 30th July 2014
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How old is she? Anywhere near 60 then there is a good chance her current car will outlive her anyway.

trickywoo

11,754 posts

230 months

Wednesday 30th July 2014
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No good comes out of giving advice on cars.

If it needs work doing in the near future you'll get the blame for it (never mind if that would still work out less than the depreciation on new).

Most women just don't get cars. I'm surprised she has it serviced.

If you really want to do her a favour give her the trade in price and sell the car yourself for a profit - then take her out for a nice dinner.

996TT02

3,308 posts

140 months

Wednesday 30th July 2014
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If she is concerned about depreciation, you should agree with her that she should replace her Civic with another one. Preferably made in 1978.

FredClogs

14,041 posts

161 months

Wednesday 30th July 2014
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Get a solicitor to draft some paper work giving you power of attorney, she's clearly mental.