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In another thread Matt suggested that the trick of not losing a ton of money on cars is to not keep them too long. This disconcerted me a little because I worked on the basis that the three-year old GTS I bought in May would have taken the worst of its depreciation and my loss would have dropped to a less cliff-like descent. So, as this forum is blessed not only with good opinions but also with some solid, grounded people I'm interested to know what strategies work to reduce loss.
Perhaps we will conclude that the approach of "bvgger the loss, it's my CAR and I love it!" (my usual view!) is the only sensible approach and the only way to stay sane. Buy it, enjoy it. Or perhaps there are some other ideas. The obvious ones are:
1. Don't buy new
2. Keep the mileage low
3. Err...
Regardless, I love my car and I'm bl00dy well keeping it. Until next spring, at the very least.
/Adam
Perhaps we will conclude that the approach of "bvgger the loss, it's my CAR and I love it!" (my usual view!) is the only sensible approach and the only way to stay sane. Buy it, enjoy it. Or perhaps there are some other ideas. The obvious ones are:
1. Don't buy new
2. Keep the mileage low
3. Err...
Regardless, I love my car and I'm bl00dy well keeping it. Until next spring, at the very least.
/Adam