Selling my car and buying a new one
#1
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I have a year old Forester Turbo and I’ll have the money to get a MY01 next year.
Am I foolish to get a new car after only two years? Should I wait until its third birthday?
Should you keep it for a minimum of three years every time to get the most from it financially and depreciation wise or does that really matter?
Any views?
Am I foolish to get a new car after only two years? Should I wait until its third birthday?
Should you keep it for a minimum of three years every time to get the most from it financially and depreciation wise or does that really matter?
Any views?
#3
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Keeping it for 3 years means that you are keeping it during the period when it depreciates most.
It does all depend though on how you financed the car. If you financed it via a balloon finance deal then you need to keep it close to the term to ensure equity.
Personally, I love cars so much that I change far too soon each time and lose money, but hey .......
It does all depend though on how you financed the car. If you financed it via a balloon finance deal then you need to keep it close to the term to ensure equity.
Personally, I love cars so much that I change far too soon each time and lose money, but hey .......
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