Spot on. I was looking at going electric. The second hand car I have is worth more or less the same as what I paid for it four years ago so there’d be a few bob towards a new motor. Said to the Mrs we will hold our horses for a few years. Tip a bit into savings each month and see how we are looking then, and there might be more options on the market then. There’s only the three of us, so we only need a small car (the ID.3 had taken my fancy but I couldn’t justify the outlay on that right now).
What you say is very true. However, the people buying the asset for 40k that is worth 15k in five years put their own value on that time period, which is 5k a year.
That for me is the major danger. Happened the missus in her last place, loved the job and the people, new boss came in and they basically all had to leave rather than deal with her.
But if you followed that logic, why would you pay 35 quid for a steak in a restaurant that you could cook yourself for a fiver? Or pay nearly 6 euro for a pint that you could buy in an off-licence for 2 euro?