Joined: 05/11/2013 Diamond Member
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I would never criticise what others choose to spend their money on, after all it's their money so it's their choice. All I can say is that I wouldn't necessarily make the same choice but then it would be a boring old world if we were all the same.
In my experience the newer you buy the more you lose, unless you keep it many years. The greatest depreciation is always in the first 5 years, then it starts to level out. Buy a 10 year old car, keep it 2 years and you can probably sell it for similar to what you bought it for, but buy a new car, keep it 2 years and it will have lost a huge chunk. Possibly 25%! Same goes for caravans. My last caravan was 29 years old when I sold it in 2017, after having it and using it for 4 years. I got back more than I paid for it. Try and do that after buying a new or nearly new one!
We are now into our 3rd year with our current caravan, it's 27 years old and I could probably get back what I paid for that, maybe even more. I haven't seen any signs of damp yet, and everything works as it should.
------------- Best Regards,
Colin
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