Buy newer car or keep old one?

Hintza

In the present climate I am battening doiwn the hatches, no summer holiday this year etc.

If it was me I would be keeping the devil I know for a year or two more until this economic nonsense is all sorted out.

The Merc for all reasonable purposes is worthless (except to you) whilst you will probably be able to pick up a newer car a lot cheaper in a few months time.

Indout96

Just one dissenting voice.;)

No 2 of us now
The PUG looks good value at that price so long as you are not looking at doing massive mileage yourself. The Merc sounds to me like it is becoming a money pit. If you have the money spare I would change.

27col

Keep the Merc and run it into the ground. As has been said, it cannot depreciate any more. Just do enough to keep it road worthy. I don't imagine the insurance is very expensive as it cannot be worth insuring for more than 3rd party f&t. Or possibly 3rd party only.

anewman

27col wrote: »

Keep the Merc and run it into the ground. As has been said, it cannot depreciate any more. Just do enough to keep it road worthy. I don't imagine the insurance is very expensive as it cannot be worth insuring for more than 3rd party f&t. Or possibly 3rd party only.

TPFT can be cheaper than TPO. Never assume TPO is cheaper, *always* check.

Mr_Warren_2

B u g ger ! It's not looking like a straight answer. The Merc insurance is very low (fully comp with More Than)....MOT due end of month, will see what is what. Thank you ALL.

mk_wotsit

I'm an old banger fan!
Keep the merc and just do the necessary MOT repairs and put the £2400 under your matress :beer: