moneycheck
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- 17
You won't save 2k a year, more like 1k. Tax 250, insurance about 200 and maybe 15 mpg extra which won't work out as huge unless you do huge mileage. Any savings will be more than offset by the premium you will pay on what people see as an econical car. If you want to save money get a cheap 3l petrol like a 528.
This is basically how 90% of this country thinks. Thanks to you all I get to drive great, powerful cars for a pittance. 110K selling for 15K after a few years.and the last bit amazes me, how could anyone advise after reading the first post , then advise to get a 528 which attracts an annual road tax of at least €1293 not to mention the more expensive service costs and also if something goes wrong with it then its mega money...also the 528 would drink way more fuel than what i currently have...
Sadly, fuel consumption seems to be a let down. Mini claims 51.4mpg combined, yet in our hands the Cooper D Clubman managed just 34.0mpg.
Sorry didn't see the new car part, was going by the old system. I'm sure you will be able to afford your 6K a year depreciation for a poverty specced car.
Ps. Good luck on that 72mpg, I've yet to hear of any car test that has achieved this.
This is basically how 90% of this country thinks. Thanks to you all I get to drive great, powerful cars for a pittance. 110K selling for 15K after a few years.
Relevance to motoring costs?T... very nippy on the motorway and never bullied out of the fast lane ...
"You will save 2,000 per annum, but you will lose additional depreciation on the new car. I believe it will take you 6+ years to recover the additonal 10,000 plus additional depreciation. It's not worth it IMHO and doesn't make financial sense."
I the mean time, if you keep your existing car, it will cost you 2000 per annum more to run then the new car.
By changing you also get to make your contribution to cleaner emissions motoring.
Depreciation, its always going to be there. Cars are not an investment.
10,000 recovered in 6 years!
Seems like a no brainer to me.
Go for it.
This is basically how 90% of this country thinks. Thanks to you all I get to drive great, powerful cars for a pittance. 110K selling for 15K after a few years.
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