Should I sell or keep my depreciating diesel?

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Should I sell or keep my depreciating diesel?

I bought a new diesel car in 2017 before retiring. Now we're in lockdown and can't afford to upgrade. I do low mileage and the car has depreciated dramatically. What do I do?

Asked on 9 March 2021 by Chrisb49

Answered by Andrew Brady

You're probably best cutting your losses and selling it now while it's still worth something. It'll only continue to depreciate otherwise and will cost a lot to run as it gets older, especially as you don't cover enough miles to warrant a diesel.

Tags: depreciation diesel cars keep or sell?

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