Neil Collins

Why own a car when you can borrow one?

Do you really need a depreciating heap of metal sitting outside your house? Neil Collins offers an alternative

issue 14 March 2009

I do hope you enjoyed that new Ferrari 612 you bought a year ago. After all, it’s cost you more than £1,000 a week. That’s not what it cost to run, it’s what it cost in depreciation before you filled up, taxed and insured the beast. Still, it could have been worse — had you plumped for the Maybach 62, you would have lost £128,899 before you switched on the ignition.

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