29-04-2021, 06:18 PM
(This post was last modified: 29-04-2021, 06:19 PM by Tony Griffiths.)
(29-04-2021, 10:50 AM)Bruce Nicholls Wrote: "New Car" please explain!
Well, "new" as you go into the showroom and buy a car that the salesman claims - "You will be the first driver".
"Not so," you say. "What about the twenty or so people who've driven it off the production line, into various car parks, onto and off trains, boats and transporters - and the 18-year old mechanic who thrashed it up the road yesterday afternoon?"
Of course, as you exit the car park the depreciation makes you thousands poorer. But, if you're self-employed, doing 20,000+ boring miles a year on business and don't want to drive an unreliable grot box and have some comfort, a new-new car can make sense - the depreciation and running costs are allowable against tax. Otherwise, if a private buyer, get a three-year-old and keep it for fifteen years, or longer. Of course, a grot box for hacking about, going to the tip - and not being bothered if it's dinged or scratched in the car park - also hits the button.