Profit and loss
Depreciation is to cars what compound interest is to us: it bites sooner and deeper than you think. In March 2006 my sister-in-law paid a main dealer £8,000 for a 2002 Renault Laguna Sports Tourer Dynamique, an 1,800cc estate equipped with air-conditioning, sunroof (the UK market is apparently the only one that demands both), alloys,