200: Man Maths...Am I looking at this right?!

[Jamz72]

So I've paid another £3,888 for another year on the Clio, which is now not under warranty and worth a few grand less than it was a year ago.

Just to clarify the maths.. the way I see it; you pay £2000 to keep the Clio for another year (plus fuel costs & potential maintenance costs over the year).

Sell now:
Already paid - £15,664
Pay now - £3,888
Sale of car - £10,000
Pocket - £6,112 (you have this in your pocket in Feb)

Sell in a year:
Already paid - £15,664
Pay over a year - £3,888
Sale of car - £8,000
Pocket - £4,112 (you have this in your pocket in years time but it doesn't take into account a years fuel & maintenance costs)

So it's as much about when you want/need the money as well as how much.

 

[Matt W]

Would need the owners permission wouldnt it?

I bought one of mine at the 'ring. Going to get it printed on canvas

 

[marshall]

Yea me too. But i really like the Acrylic frames. Dont know where i will be allowed to hang it though haha

 

[Mentalpen]

He has to do 350 miles once a week with four adults which may be an issue with a Twizzy.

I take it by that, that he car shares to keep costs down. Cost are bugger all in a twizy so wouldn't need to care share.

 

[LukeRS]

Would need the owners permission wouldnt it?

I would expect so for it to be printed? Not sure.

 

[sykes197]

Depreciation is bad (suppose it is with most cars) bought my albi 197, 7 month ago just under 6.5k just about to trade it
in and only getting 4.5k and that's what Parker's are saying too, can't believe I've lost 2k in 7 month, so basically my thought is if you need the cash get rid ASAP if not hold on to it abit longer