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post #3 of (permalink) Old 7th January 2008
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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.
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