My scenario is different to most I would imagine.
- We have 1 car today which is too small for our growing family.
- We cannot trade this in for two years under company scheme.
- We need something bigger by August.
- We will need to pay for two cars for the next 2 years.
Seeing as I'm essentially tied to paying for two cars we have worked out our budget and are in the realms of purchasing either a car or a campervan.
I think now its about two things for me considering the above.
- The depreciation (money I have left on my purchase after 2 years)
- Would the vehicle fit my family lifestyle
I say 2 years on point one as if I decide I don't like it I don't lose significant cash for my troubles and I can cash out and suck it up, then get a new bigger car on company scheme bringing us back down to 1 car.
For point 1 campervans retain their value pretty well vs a car... Any car for that matter. Meaning not so much to suck up on cash lost.
For point 2 campervan would enable my family to go on smaller potentially more regular holidays (all would be revealed in 2 year trial period on if we make the most of that).
I've convinced myself