Hi all
Around March 2013 my Wife and I purchased a New Mini Cooper.
At the time she enjoyed a £200 per month car allowance that brought the repayments down to £200 a month.
My daily commute was around 120 miles and yes whilst I'm aware for the kind of mileage I was doing we should have bought something used and alot cheaper but we'll we wanted that car and we wanted it new!
Fast forward to this year and certain things have changed, namely we've moved and suddenly I can walk to work and so can she. Thus the car will for most of the week be sitting around doing nothing.
I'm therefore wondering if it would be worth selling at all. The car now has 26,000 miles on it and we have a little over 1 year to go before our HP is up. I expect that by the end of the second year that figure will be around 35,000 (if the car is kept)
I suspect the answer is hang on for the further year and then hand the keys over and look for something else (given we are now firmly in the sub-10k bracket a petrol car comes to mind).
On the flip side do we sell now for so the car has less depreciation, pay off the balance and nab something else.
I'd be interested to hear other peoples thoughts.
thanks for the help!
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