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Can I be the first to ask why you're buying?Have a look at the leasing websites to see if you could spend 4k over the next 2-3 years on something brand new? Might be a bargain estate out there.
Of course, this route may not suit either.
(Yes, this assumes you'll be in a position to spend another 4k in 2-3 years, which isn't unlikely if you're buying a 10 y/o car now).
thought i should do the maths on this because i've never properly done so before (don't really like the idea)
looking on that pistonheads thread, the cheapest thing i could see that wasn't an Audi or a Beamer, with a 10K limit, was a Nissan Juke that worked out at £2300pa for 2 years.
My maths suggested that (after we stretched the budget a bit and decided not to go for a 10 year old car):
buying a 5K car, then covering various expenses like MOT, servicing, the fact that tax is likely to be a bit higher, a random £750 repair bill that will no doubt crop up at some point etc, then flogging it after 5 years for £1500, would equate to around £1350 a year.
So that's 950 a year cheaper, and if you're short of cash at the end of it (hoping to have a wean by then) then you can always try and keep it running for another year or 2.
i'll look at it again next time tho!
You must have been tempted by a Nissan juke though, eh?
Assuming you're a 55-year old woman with funky glasses.
OP thanks for the update, always interesting to know how these things work out
@chaka I have to admit my wife is a Nissan fan (she has a CC) and likes the Juke 😳 I am winning the "just say no" battle as there is no room in the back/boot.
You must have been tempted by a Nissan juke though, eh?Assuming you're a 55-year old woman with funky glasses.
😆
it's a fair guess... but no
and barring any substantial life changes, i don't expect to become one 😉