Quote:
Originally Posted by eighteentee
Just been wondering about trading in my 57 plate ES in favour of an EX or Type R. In November I paid just shy of £17k for my ES. I've done 3,800 miles and now it's worth £13k - does this seem bad to anyone else other than me?
|
Of course you will appear to lose a lot in the first year or in your case the first three months, residuals are usually worked out over a 3 year period. as an example had I traded my previous car a Jazz in the first year I would have lost about 20% but as I traded it in after 4 years I actually only lost 38%.
The moral nowdays is if you buy a car you have to keep it a reasonable period of time to make it financially viable. Sorry mate, that`s how it works you have to buy the right one to start with