Changing My Car Dilemma

[Doodi]

Hello everybody. I'm in a bit of a dilemma over whether to change my car or not.

I currently have a 56 plate E220CDI Avantgarde Estate, lots of extras, which I love. 49000 miles, no finance. Had it since it was 8 months old.

Dealer from where I bought it phoned out of the blue on Saturday, just ringing round old customers to see if I was thinking of changing my car. Long story short...

I could trade my car for a new style, 17600 mile, 10 month old E350CDI Avantgarde saloon, loads of extras like mine plus some more too Also, 2 years free service, a years car tax (and then it would be lower than I'm paying now) Still under warranty. And of course no MOT. Insurance would be about £80 a year more than I pay now. Don't really want to come up with a lot of cash so I could have it for £207 a month for 2 years with a balloon at the end.

My dilemma is should I keep my car? I love it and I feel secure that it is paid for. But it is also losing value all the time. Or upgrade to the newer car for £207 a month but then be back on the never ending finance balloon thing? The dealer even said the idea was that you change your car every 2/3 years. So I suppose it's more like a rental/lease type thing.

I know I have to decided for myself but I would appreciate other folks views and what you would do.

Thanks.

 

[A210AMG]

^ I'm happy that although our cars are not new, they sit on the drive and are paid for.

I've had new cars and yes its great but it never feels mine until its paid for. Yours isn't losing much now, it depreciation is pretty low now.

The 'new car' you mention will probably lose 5K as you drive out of the garage.

Oh and its a Saloon, will you not miss the estate?

If you can afford it however then go for it, must be a pretty big balloon at the end

 

[dog68]

Keep the car you have now, sounds like you may regret it.

 

[trapperjohn]

Keep your current car methinks.

 

[davidjpowell]

Depends on your circumstaces. Our family car, the Merc is paid for and I like that.

I'm self employed and do lots of miles. I hire a car at the moment which is on a good deal, and for business miles do not mind a payment so much..