There's an article in The Daily Mail, which states that the second-hand price of some cars has beaten the price of gold, and also most of the stock market, in recent years!
Here it is...
Now, Scrobs is in his middle seventies - late middle age one might say - and we own a perfectly acceptable VW Golf, which has done only 17,000 miles in ten years.
It failed its MOT last month, because the rear suspension springs had broken - presumably thanks to Kent County Council's policy of encouraging potholes everywhere, and it now needs some new tyres, as we only do around 3,000 miles a year, and while they look good from the outside, at ten years old, they're begining to rot. The rear brakes need some TLC as well!
So by my calculations, I wonder if it's ever worth changing the car for a newer model, as this one does exactly what I need, the design is pretty timeless and it's comfortable, has a few bolt-ons as it was a Motability model, and it goes as fast - or slow, as I can cope with!
I could even walk to the shops a mile away, or better still, go by bike, so is there really any need to replace it - ever? The costs of servicing etc., are pretty static, it uses decent petrol as I only do short journeys and while a couple of things go wrong occasionally, the cost for repair didn't break the bank, and to quite honest, I really like driving it!
There must be some standard calculation somewhere, which tells us what the options are, and doubtless I'll get a call one day from the garage to suggest an upgrade, so that'll be fun as I like the owner, so I guess the best bet is to hang in there, and save the old pensions for a bit longer - maybe forever...