Re: Brought a car then sold the car - How much have you lost?
Peugeot 306, bought for £3k, spent 5k on lots of mods and repairs, written off for £2500, 3 years later..... Minus 5.5k
Corsa GSi, Bought for 2.3k, spend about 1k mods/repairs, sold for £1700 6 months later - minus 1.5k
Peugeot 306 Cabriolet, bought for 8k, kept it standard, written off 3 years later after 30,000 miles trouble free motoring for £5300 - minus 2.7k
So I've "lost" 5.5+1.5+2.7 = £9,700 in around 8 years.
But all of it is not lost, as a lot is depreceation, and you've got to get about too! but i learnt after the Corsa not to mod any more, as that causes more expenditure for which you are unlikely to see any return.
And now theres the 172, bought for 6k, not planning on selling it yet!
Oh and neither of the write-offs were my fault!!!