Currently have a (very) shagged mondeo 07 plate estate, tho it is mostly mechanically sound. Have now got a family that is going to increase in size in the foreseeable with a bit of luck.
Obviously second hand car prices are nuts at the moment, but i’m not sure how long that will last for? I’ve seen that it’ll be at least another year. I had been holding off buying a new car but we’ve got a couple of long drives coming up across france and the idea of doing it in a car with at least air con is quite appealing!
Looking on autotrader, I can get a 2017 galaxy for about 15k without crazy mile on it. This seems totally nuts to me as i’m sure a few years ago five year old cars didn’t retain that much value!
I’ve had a brief look at leasing but that seems a non starter – a galaxy would cost £641/month for 2 years plus a initial payment of 4k (i’m assuming that this is in addition to the monthly cost rather than just paying the first few months up front?). That adds up to nearly 20k over the two years, at the end of which i’d be left with nothing. Whereas if I spend 15k on a second hand one, it’ll be worth something at least – I guess once prices go back to normal, maybe 5k.
So I guess essentially the question I’m asking is whether I should hold tight for some undefined period of time (at least a year, but probably two or three? does anyone know?) or just buy the 15k one now and accept i’m essentially tossing 10k away to have a couple of year of nicer driving (plus the safety benefit etc).