Least depreciating vehicles

[Hamster]

Depends were you end up in the end though don't it. Don't particularly like the idea of borrowing on a depreciating asset at all personally

 

Unless somebody gifts you the money for your new car every so many years then you ARE borrowing money regardless of whether you get it on finance or use your own money. Think about it, finance is someone else's money, cash withers away in depreciation so you will have to find another large bundle in a few years, i.e, no different than putting a small amount in the bank every month so it adds up, which is what finance is.

 

Cars depreciate as do clothes, food, fuel, shoes, haircuts, even our beloved guns, hence the phrase safe as houses.

[HDAV]

hence the phrase safe as houses.

Tell that to people who bought between 05-08 outside London.......

[Grazy]

I bought a porsche 911 and sold it 11 years later for 20% more than I bought it for. If you buy carefully you can reduce or totally bypass depreciation.

[keg]

We don't get any choice, we get an excellent car allowance and the full govt mileage rates.

 

Because I do approx. 30k business miles a year, the leasing figs are huge so I buy a 2-3 year old car with 12-15k miles on it and run it into the ground.

 

It normally has the balance of a service pack plus a main dealer extendable warranty.

[kent]

Unless somebody gifts you the money for your new car every so many years then you ARE borrowing money regardless of whether you get it on finance or use your own money. Think about it, finance is someone else's money, cash withers away in depreciation so you will have to find another large bundle in a few years, i.e, no different than putting a small amount in the bank every month so it adds up, which is what finance is.

 

Cars depreciate as do clothes, food, fuel, shoes, haircuts, even our beloved guns, hence the phrase safe as houses.

No you earn the money first, save it up etc. Cash is cash not a different loan. Heck this is what wrong with the country we are now "have it now" debt obsessed consumer monkeys! If the average person pays over 3 yrs on finance that gives 3 free of payments if they keep 6 plus what the cars worth at 6yrs and put the payments they might have paid into savings for the final 3, this is just a suggestion for someone who might struggle to break the cycle. I suppose with people borrowing to go on holiday and places like Wonga etc being able to thrive................... Heaven forbid they save up. This brings to mind one of my wife's old clients a premier league footballer (rather thick but the ability to kick a ball earned him a stack) who came over to ask the best way to buy his mrs a Golf GTI, she paused a while- " err save up about two weeks perhaps?" I suspect he thought there might be a clever more efficient ruse coming but the fact is there isn't unless its going to earn you money