Depreciation is a savage phenomenon. The way some cars lose value after first leaving the showroom often takes the form of a really violent looking curve when charted. In a lot of cases it really doesn’t take very long at all before a car has lost almost all of the multiple thousands that were spent on it in the first place.
But what happens next? Once a car has lost all its value (which is inextricably linked with it its desirability), it is still just as much of a car as it ever was before. It just takes somebody to see beyond such fickle mistresses as age and image and take it on as bargain transportation. If you do things right you need never pay more than scrap value for a car ever again, and there’s an awful lot of cut-price tin out there to choose from.
After it was unanimously decided that a 1995 Citroen Xantia was roundly deserving of our £200 maximum purchase, we’re heading £10 downmarket for a much newer car in the shape of a 2001 Mondeo.
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