Depreciation

[inman999]

I Bought a high mileage Ford focus on Ebay in Feb 08 for £1100. Did 35k miles and sold it on Ebay last week for £1075.

That's 0.07p per mile depreciation.

Can anyone beat that from a run-of-the-mill car.

[pilchardthecat]

inman999 said:

I Bought a high mileage Ford focus on Ebay in Feb 08 for £1100. Did 35k miles and sold it on Ebay last week for £1075.

That's 0.07p per mile depreciation.

Can anyone beat that from a run-of-the-mill car.

Yes.

Purchased a Citroen ZX 1.9td for £450

Did 30k miles in it, on veg oil.

Sold on ebay for £680, making a profit

[inman999]

pilchardthecat said:

inman999 said:

I Bought a high mileage Ford focus on Ebay in Feb 08 for £1100. Did 35k miles and sold it on Ebay last week for £1075.

That's 0.07p per mile depreciation.

Can anyone beat that from a run-of-the-mill car.

Yes.

Purchased a Citroen ZX 1.9td for £450

Did 30k miles in it, on veg oil.

Sold on ebay for £680, making a profit

This is why I will never buy a new car.

[pilchardthecat]

inman999 said:

pilchardthecat said:

inman999 said:

I Bought a high mileage Ford focus on Ebay in Feb 08 for £1100. Did 35k miles and sold it on Ebay last week for £1075.

That's 0.07p per mile depreciation.

Can anyone beat that from a run-of-the-mill car.

Yes.

Purchased a Citroen ZX 1.9td for £450

Did 30k miles in it, on veg oil.

Sold on ebay for £680, making a profit

This is why I will never buy a new car.

Life's too short for 'never' (but i know what you mean).