alt Hacker NewsI bought my car 4 years ago with 12 months MOT. It’s just passed again, with two new tyres and some suspension work. And a new bulb. It’s only needed tyres, wipers, and a new wing mirror in previous years.
Not bad for £1200.
The killer cost is the massive VED, way more than petrol Tax. I’d far rather VED were removed and the revenue reclaimed by taxing per mile. Seems crazy to have high fixed costs and low marginal, that just encourages driving.
VED is coming in on electric cars, and so is per mile charging. Meanwhile politics won’t allow fuel to return to 2012 levels in real terms let alone expanding beyond.
Far better ways to invest cash - home battery for example - than in an electric car. Maybe in 5 years there will be reasonable specced second hand ones.
You're fortunate on what you've spent so far. The problem is that the moment something does go wrong it can be brutal.
Personally I think cars can't be considered an "investment" because they just suck up money.