Re: Modern Cars
Actually as an example of this;
A colleague here knows nothing about cars. Her husband is mechanically minded and buys her a new car every couple of years at auction for no more than £500. He gets it mechanically sound and road legal and she uses it until she, or it, has had enough. The cycle is then repeated. During my two years working here she's on her second car and has been for some time and is talking of a replacement. Its probably cost in the region of £2000 for the cars and parts required - brakes, suspension, body panels etc - to get them roadworthy from purchase. So roughly £80 per month, say, plus the cost of tyres and everything that all road users incur.
In that same time frame i've been driving a car bought new in 2004. Its worth about £10k less than I paid for it, its cost about £2000 in servicing and repairs. So in 8 years (almost to the day) its cost about £12,000 in repairs and depreciation. Only £1,500 per year. So not much more expensive than the "cheap option" taken by my colleague.
Most of the expense incurred has been due to always taking the car to the main dealer and not using smaller private garages for repairs when required - through personal preference and convenience of location.
Also. Shiney new car is more shiney and more new. Etc.