I'd had company cars for years. The final one being a Mondeo estate.
I opted out of the car scheme and I bought a 'baby' Toyota Landcruiser at 11 months old, in 2008. It cost me £24k at the time.
When I looked at trade-in last year, I was offered £13.5k. So £10.5k depreciation in 6 years. £1750 a year strikes me as rather good. Expenses in that time had been the annual service/MOT, and a set of tyres.
I've decided to keep it, so treated it to a 'mid-life' overhaul. Rebuilt the callipers, changed the oil in the gearbox, transfer box and diffs. Had it dinitrolled (they do rust eventually). Not cheap, but it feels set up for another few years now.
Everything works (indeed, apart from the callipers getting a little sticky, they always did). The only breakdown was a split in a (non-OEM) tyre.
We now live in an area which can flood, so in no hurry to change back to a regular car (besides, I'm lucky enough to have an MX-5 for summer days).
The MX-5 has cost a lot more in depreciation and serving costs - but no breakdowns on that either.
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