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!
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...