Dec 18, 2012 09:50
Driving down the M1 the other day, we got talking about the possibility of getting a new car. At one point, I said: "Well, I doubt we'll ever own a brand new car." My wife was taken aback by this. Turns out that whilst I don't know anyone who has ever bought a brand new car, her whole family do this.
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And I typically buy cars at 8-10 year intervals.
The thought of dropping full price on a vehicle gives me the cold sweats! You lose 20% (in tax) driving it off the dealer forecourt, and it's down 75% after 6 years.
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I've never bought a new house either. I do buy new clothes.
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Normally I buy cars between 30 and 50 thousand miles old, run them for 2 or 3 years, then get another.
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