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Surley if you buy 2nd hand you keep for more than 4 years. As you'll knownits a good car and run it into ground.
Thats when the maths then works good.
skinny-
Exactly.
You should be able to do 150k in a modern car. A quick look says Howard should be able to get something with 50k for his money. 10k pa means another 10yrs out of it.
Also I'll just repost this classic
https://www.mrmoneymustache.com/2011/04/19/how-to-come-out-way-ahead-when-buying-a-used-car/ -
this is the way
hugo7
swedeee
Lease / used math (ish)
If I lease a new Superb (or other barge) it will cost me about £18k over four years. Yeah.
If I buy a used one for about £12-£18k, it will still be worth 'something' at the end of four years, assuming I'm not doing 100k miles a year (I'm not). Maybe I'll spend a bit more on maintenance, but if I'm lucky it shouldn't be a black hole for cash.
What could I get back at the end? £4-6k, assuming whatever powers it hasn't been found to be doubly / tripply cancer / global warming inducing?
Anything else I need to consider?