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Old 13th March 2022, 21:53   #52
Bazzateer
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Quote:
Originally Posted by Southern Star View Post
I think they are at the stage where it costs more to maintain them than their resale value, especially if several things crop up at once. This is what sends most cars to the breaker's yard I suspect.

I've spent £2,000 on mine in the last two months and its insurance value is £770. So on the face of it this could be seen as an illogical decision. However, I'm not planning on selling it so the retail value is meaningless, I only do 100 or so miles a week in it so the fuel cost isn't a deal breaker and it was bought and paid for on the day I drove it away, nine years ago, so there's no £250 a month contract hanging round my neck for years as there would be if I leased a car or bought one on HP.
An equivalent new car would cost more than £250/month I reckon.
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