I need to replace my car soon and am weighing up whether to buy a new one or a relatively recent vintage (one to three years old) second hand one. I could afford to get a new one at a slight stretch - will be going for a 1.6 - 1.8 litre family saloon.
But the book depreciation of a new car in year one always looked very high to me, and I wonder is it financially wiser to go for a newish second hand one. Has anyone any thoughts on the pros and cons?
Apologies if there is already a thread on this topic but I searched and couldn't find one.
But the book depreciation of a new car in year one always looked very high to me, and I wonder is it financially wiser to go for a newish second hand one. Has anyone any thoughts on the pros and cons?
Apologies if there is already a thread on this topic but I searched and couldn't find one.