Join Date: Oct 2006
Nominated 0 Times in 0 Posts
TOTW/F/M Award(s): 0
Thanked 3 Times in 1 Post
If it's worth £2000 now then lets say it will be worth around 75% of that in a year, so that's around £1500, or a £500 loss.
And let's say you have another expensive MOT at £600.
So your running for the year is £500 plus £600 = £1100.
Assuming you would buy a fairly new replacement (at £6000) it would depreciate at £1500 or so in the first year and would need some sort of maintenance/tyres/brakes etc at say £200.
Total for the newer car for the year would be £1700.
Thats more than 50% more expensive.
I'd keep the existing car for another year and then do similar sums again next year. Unless it starts to break down all the time or you want a change.
Currently in mister_cee333's garage:
Toyota Avensis 1.8. Formerly Jaguar X Type Sport d 2005. Formerly 2001 Laguna 2 1.9 dCi