When it comes to resale would the extra toys on option 2 counter the extra mileage, say in 3 years time?
Bear in mind that cars, including (and especially) second hand cars are much more expensive than the norm, mainly due to the supply chain and logitstical issues surrounding new cars. Some reports have remarked that second hand prices are 25-33% higher than the historical norm.
Other recent reports have most Western economies either teetering on the cusp or already in a recession, which is likely to get significantly worse over the next year or so.
As such, at least in my opinion, there'll be significantly less buyers of new and especially second hand cars (people making do with what they've got or using other means of transport), and prices will likely come down much nearer to the norm.
What will happen after the recessions lift (i.e. will things economically go back to 'normal' - probably not) is up for debate, but it means that if you buy a car now, whether you are PXing a much molder one or buying from scratch, it means the depreciation on said purchase is going to be steep.
I would suggest you forgo any 'toys' you can, just buying to a (lower) spec* you must have and get either the newest car within budget (that is in good physical and mechanical/electrical health) or that is a bit older but is still in very good order. The former is better for a long term buy, the latter for a 3 year ownership as the depreciation would be less, giving you more to spend on its replacement.
* you could also save yourself £000s over that period on lower insurance costs, less wear and tear maintenance (wheels, tyres and suspension parts - due to it being shod on smaller wheels [less susceptible to damage] and narrower, higher profile tyres [better mpg, lower wear, cheaper tyres] , better ride, less wear on the suspension due to the extra cushioning from the tyres) and better mpg (less weight, skinier tyres).
Save the money on a 'satnav' version (you might have to either shell out a lot for map/software upgrades to make it a worthwhile addition) and use your mobile phone's satnav via Google Maps if you have a phone that has it and a reasonably decent monthly usage allowance. At most you'd need to buy a ~£10 holder and perhaps a similarly priced cable/adapter to keep the phone charged on longer trips.
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