Should I sell or keep my depreciating diesel?

I bought a new diesel car in 2017 before retiring. Now we're in lockdown and can't afford to upgrade. I do low mileage and the car has depreciated dramatically. What do I do?

Asked on 9 March 2021 by Chrisb49

Answered by Andrew Brady
You're probably best cutting your losses and selling it now while it's still worth something. It'll only continue to depreciate otherwise and will cost a lot to run as it gets older, especially as you don't cover enough miles to warrant a diesel.
Similar questions
I bought a new 2013 Audi A3 which has apparently not been affected by the emissions problem. I had intended to do 20,000 miles per year, but my personal circumstances changed and I have only done 20,000...
Are second-hand diesel prices likely to collapse over the next two years?
I'm looking for a cheap to run car which will be reliable, but over the magic 100,000 mark, as I do plenty of miles and don't want to crucify value. Ideally for about £2500. I do enough miles (12,000 plus)...

 

Value my car