SOmething I have been thinking about.
Example
So a car is £55k with say a £25k residual after four years.
And another car is £45k with a £15k residual after same period.
At the end of the day the depreciation is the same over the term, they both lose £30k and if I'm not keeping the car and settling the full value of the vehicle off, am I just better off going for a more expensive car?
Does it mean the £55k one wont be that much different in costs even though it's ten grand dearer? (Apart from the Deposit)
Any input much appreciated
JayK
Example
So a car is £55k with say a £25k residual after four years.
And another car is £45k with a £15k residual after same period.
At the end of the day the depreciation is the same over the term, they both lose £30k and if I'm not keeping the car and settling the full value of the vehicle off, am I just better off going for a more expensive car?
Does it mean the £55k one wont be that much different in costs even though it's ten grand dearer? (Apart from the Deposit)
Any input much appreciated
JayK