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Re: New car or Nearly New?

  •  Thu, Sep 04 2008, 11:01 AM

    Re: New car or Nearly New?

    Opt for "nearly new"

    Why?

    New cars will depreciate a minimum of 17.5% as soon as you drive out the showroom.

    A nearly new car (say one year old) will stilll have the benifits of a new car, eg, no MOT for another 2 years and still under manufacturers warranty for a minimum of two years.

    Recently I bought a new car and I had to pay a tax of £50 over and above the £400 road tax. This was a one off tax for the new car so I would think this would not be required with a nearly new one!

    At the end of the day it will be new to you. If you will be financing the car then you will have a shorter term to pay the balance. Or, you could still spend the same amount of money that you would have done on the new car and buy a better model?

    Or, keep the money you saved and go on a wee holiday.

    • Post Points: 50
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