I guess as long as any value lost from mine is matched by the one I’m buying it will even out??? Is there an ill wind afoot with used cars in general do you think? It has crossed my mind that I could buy one and see a sharp drop, if the cost of living issues we’re all feeling get really dicey…
Very broadly, the bigger and more full of kit a car is, the more it will depreciate. Even worse if it has a large or otherwise inefficient engine. Unless you have a particular need, I would hold on to your CH-R for now. As a good-looking, reliable and efficient car, it will hold its value better than the others you have in mind.
Equally, if you've paid off the CH-R and are at all concerned about cost of living or the economy, financing something fancy is not the best strategy. From what the radio ads keep telling me, Toyota will extend your warranty by a year every time you get a service, so sticking with the CH-R for now is the sensible option.
Maybe stick the money you were going to spend on finance into premium bonds for the next six months or so?
All easier said than done, as my bank balance will tell you.
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