Some car related expenditures increasing in price are a near certainty: petrol prices, fuel duty, and the cost of buying a car. However, it is also thought that the value of some second-hand vehicles will go up quite a lot.
Most of us are aware that when we buy a car and drive it of the forecourt money has already been lost on it.
Depreciation is normally measured as a percentage of the car’s value after three years. However, it is thought that if you choose your car carefully, you can avoid even the smallest loss and actually make a reasonable return.
There are a few rules when choosing your car such as; the response the car received from both buyers and the press, the make and model and how many of the cars were made amongst other things.
Simon Bush of Britannia Driving School said: This is not a get rich quick scheme, but it does allow for individuals to enjoy their car and drive it without the worry of depreciation.
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