Most cost-efficient way to do high miles in a nice car?
Discussion
So recognising that 'cost-efficient' is very much a relative term and lots of money will be lost either way, how best to combine a liking for nice cars with doing lots of miles?
We do probably at least 30k private miles per year as we both live a long way from our respective works. Mrs Redmax has had a lifetime ambition to own a 911 and is now broadly in a position to get one. However, her company car scheme is now effectively contract hire, so unlike her old car scheme which she's just left and which was entirely mileage-neutral, we'd now be heavily financially penalised for doing so many miles.
We don't want to get a barge to do the miles in as that seems to defeat the object.
Is the most cost-effective way to buy ~1 year old cars with low mileage, run them for a year then basically repeat the process? The advantage of this is we could experience more variety with the cars we get and over a few years I could try all the cars I've an interest in.
Or is it to buy a ~1 year old car and run it for 3-4 years, then sell it with 120k+ miles on the clock?
Which of the above options would cost the least in say a 4 year window? Or is there a better way I haven't thought of?
Cheers
We do probably at least 30k private miles per year as we both live a long way from our respective works. Mrs Redmax has had a lifetime ambition to own a 911 and is now broadly in a position to get one. However, her company car scheme is now effectively contract hire, so unlike her old car scheme which she's just left and which was entirely mileage-neutral, we'd now be heavily financially penalised for doing so many miles.
We don't want to get a barge to do the miles in as that seems to defeat the object.
Is the most cost-effective way to buy ~1 year old cars with low mileage, run them for a year then basically repeat the process? The advantage of this is we could experience more variety with the cars we get and over a few years I could try all the cars I've an interest in.
Or is it to buy a ~1 year old car and run it for 3-4 years, then sell it with 120k+ miles on the clock?
Which of the above options would cost the least in say a 4 year window? Or is there a better way I haven't thought of?
Cheers
When I was doing 25,000 miles a year I used two cars and put a normalish 12,500 miles on each of them per year.
It was a good reason to start a fleet, plus I could mix up the driving experience with a different car to break up the tedium. I used a mk1 MR2 and a mk2 CRX, but it'd work with anything really. Because you are doing averagey miles it makes the depreciation easier to predict. Although, as I said, I mostly used it as an excuse to start owning a fleet.
It was a good reason to start a fleet, plus I could mix up the driving experience with a different car to break up the tedium. I used a mk1 MR2 and a mk2 CRX, but it'd work with anything really. Because you are doing averagey miles it makes the depreciation easier to predict. Although, as I said, I mostly used it as an excuse to start owning a fleet.
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