Re: Downgrading the V8 :(
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I dont get how you are better off selling an older V8 that has mostly finished depreciating to buy a brand new car that will lose 40% of its value it 3 years.
Fiesta ST will cost you $12k in depreciation. (redbook valuation at 60% after three years)
I dont know what your V8 averages in consumption, but lets say worse case is 15l/100km. Thats about 23c/km.
A Fiesta ST worse case maybe 8L/100km? Or 12.3c/km
Over a year (20,000km?), the XR8 will cost $4600 to fuel up, the Fiesta $2500.
But the Fiesta has lost over $4000 in that year in value, the Falcon maybe $1000?
So the Falcon is $1000 ahead so far.
Are you borrowing money for the Fiesta? Also think about the greater amount of interest you will be paying.
Dunno how much extra V8 rego is, but lets say $500?
I imagine insurance would be similar?
Servicing? Falcon should be cheaper as its not under warranty so you can do it yourself.
How exactly are you better off with a new car again?
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2016 FGX XR8 Sprint, 6speed manual, Kinetic Blue #170
2004 BA wagon RTV project.
1998 EL XR8, Auto, Hot Chilli Red
1993 ED XR6, 5speed, Polynesian Green. 1 of 329. Retired
1968 XT Falcon 500 wagon, 3 on the tree, 3.6L. Patina project.
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