I've been putting this off for a while, but i think it's an interesting topic. The issue of having an old car vs. buying a new car. The question is, why do we really want new cars? Surely they are a waste of money?
The way i see it is:
1. Advantages of an old car:
-no repayments, can own it outright
-doesn't matter if somebody opens their car door on to it, just adds to the "character"!
-who cares, it's only a car, gets you from a to b
2. Disadvantages of old car:
-target for burglary?
-generally disrespected on the road
-can be money-pit
1. Advantages of new car:
-smells oh so nice when you buy it
-impressive to friends, co workers etc.
-may garner more "respect"
-less of a money pit
2. Disadvantages of a new car:
-repayments (unless own outright) - agh!
-novelty wears off
-some A$$ is likely to smash it 6 months after you get it
I don't know, i think i'll keep dreaming.
What do you think? Are you happy with your old bomb, or do you want a new one? What are the merits of an old car vs. a new car