I could not agree more, regarding these small 1.2 turbo engines - like my friend's Peugeot 308 - economy yes.... but for how long?
Personally I have still not squared the circle regarding buying a newish car or one that is in very good condition but older. Reliability is my major concern, so the newer the better? BUT ...... if I spend £12,000 on a car and it goes pear shaped, I have the potential to lose a great deal of money on repairs because the car is too valuable to scrap.
Buying a car for £3,000 and spending another £1,000 on "repairs" would leave me with £8,000 "spare"
If the repairs are too expensive, i.e. more than half the cost of the car - then you have lost £3,000.
I work on a basis of £1,000 a year depreciation if possible - on my newer cars it has been more like £1500. You can only work out your depreciation when you get rid of the car. If the £3,000 car lasts three years - then it owes me nothing. A £1,000 car only has to last a year!
It is LUCK to win at the cost / benefit car game, but great fun playing it!
Does this make sense to anyone?