I have got a Honda Jazz.
In the past I have changed my car every 3 years as I did 20,000 plus miles a year.
My present car has 4 years free servicing and 4 years guarantee and I am now only doing about 9,000 miles a year.
I can extend the guarantee to 5 years for £450 and if I sell it just before the 5th year I will not have it serviced at that point.
The garage has told me cars do not usually go wrong before 5 years but they do get the odd one which requires a very expensive repair ( £1500 to £2000) but even they have pointed out it is an insurance and Honda make a profit out of it.
I have noticed depreciation is a lot less between years 3 and 5 but I do know tyres and brakes will have to be replaced.
Is it cost effective to keep a car for 5 years instead of 3? looking at it on a year by year basis?.
Frank
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