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As used prices have dropped it has put me in a situation where a 12 month old M-Sport is now in reach. Not withstanding the hit in depreciation my car has taken!
Do you think that the depreciation will flatten off over the next three years if we start climbing out of recession? I'm really in a quandry, take out a bigger loan to cover the negative equity on my old car by gambling that the used one will flatten off and could be worth a bit more in 2-3 years?
Whilst I'm not talking the 30-40k of the boys earlier its still a bit of a gamble!
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