Hey there,
I've been mulling this over in my head for a while, and I would appreciate any other advice that is out there. I am moving to the USA for 1, possibly 2, years. It's the midwest, so I need a 4x4 unfortunately for the winter (or fortunately, depending on your opinion!). I am selling my old car here, as it's fairly old, and on top of savings and relocation costs, I am fortunate to have a fair bit of cash to put towards something if need be, and therefore won't require finance. I had originally planned on getting an old banger. However it's struck me that there is a risk of incurring a hefty repair bill, and also a possible difficulty selling it afterwards. Therefore I was considering getting a newish car (2-5yrs old, <40,000 miles) that will hold it's value, considering I will be putting under 10000 miles on it. I'll avoid anything too new as, to my knowledge, depreciation is greatest within the first year or two.
So, my question is, which 4x4 / SUV car (plus age / mileage) do you think will depreciate the least over a 1-2 year period, and if you were in my situation, would you go for a newish one, a 5-10yr old mid-range, or an old fun giant 4x4 pickup rustbucket that comes with a confederate flag and a cup-holder designed for a whisky bottle? Or ultimately, would you just lease one?
Any help would be brilliant!
Thanks
Will
I've been mulling this over in my head for a while, and I would appreciate any other advice that is out there. I am moving to the USA for 1, possibly 2, years. It's the midwest, so I need a 4x4 unfortunately for the winter (or fortunately, depending on your opinion!). I am selling my old car here, as it's fairly old, and on top of savings and relocation costs, I am fortunate to have a fair bit of cash to put towards something if need be, and therefore won't require finance. I had originally planned on getting an old banger. However it's struck me that there is a risk of incurring a hefty repair bill, and also a possible difficulty selling it afterwards. Therefore I was considering getting a newish car (2-5yrs old, <40,000 miles) that will hold it's value, considering I will be putting under 10000 miles on it. I'll avoid anything too new as, to my knowledge, depreciation is greatest within the first year or two.
So, my question is, which 4x4 / SUV car (plus age / mileage) do you think will depreciate the least over a 1-2 year period, and if you were in my situation, would you go for a newish one, a 5-10yr old mid-range, or an old fun giant 4x4 pickup rustbucket that comes with a confederate flag and a cup-holder designed for a whisky bottle? Or ultimately, would you just lease one?
Any help would be brilliant!
Thanks
Will