Depreciation cost on my 08 Avensis this year is Zero, it is worth only Scrap, when I trade up in 2022/3 my 08 Avensis will still be worth only Scrap.
Why would I bother trading up early and taking on a car loan and depreciation costs when what I have does the job adequately ?
My repair/NCT/Suitability/Valet bill so far this year is at 1939Euro, almost 8 months in to the year.
A Renter paying on average 250Euro per week would have that much paid within the First 2 months of the year !