Family car- how to approach when to buy new

[lking12]

Hi all,we are now a family of 5. Our car is a 2019 Citroen c5 aircross so 3 car seats can go in the back.

outside of our mortgage our biggest finance item will be a car. We currently own the 2019 one it’s worth about £15k. I really like it and suits our family well.

Given the cost to our family my plan is (in todays money) swap our cars at 6 years old with approx £6000 part exchange, £9k from sharesave scheme at work (I save this every 3 years so would use money from every other scheme 36 months at £250 a month). And then do a 5 year hire purchase for about £350 a month. The 6th “free” year would go to cover the costs of the car from years 3-6 I.e MOt and extended warranty.

then at 6 years repeat so part ex for £6k, £9k from savings and hire purchase for 5 years.
I don’t really want to lease and by owning the car if the kids wreck it it’s not a big deal we could say keep it longer?

but it’s still a lot of money. We do 8k miles a year and use trains to commute.

so… is there a cheaper way of doing it?
thats a £32k citizen c5 or equivalent. Which would be a new or nearly new up to 1 year old car.

This is insane. We spend as little on cars as possible and our trusty old bangers are serving us rather well. Neither of us have any car finance. These are ridiculous figures

Thanks just to say I 2wont be buying new… I do agree that can be silly so will buy used. But I much prefer cars in warranty or extended warranty. I am not handy and struggle with anything like that- hanging a picture, building a flat pack, it’s just not my brain. My partner only passed his test at 34 when our first baby was due we’re just not car people and the maintenance stuff just is a stress. And with services or faults and fixes I always feel ripped off and begrudged at the expense.
I’d much rather have a car in warranty and extended warranty and feel like most major faults will be covered.
I know there’s a cost to that but we can afford it. The best compromise financially seems to be buying a used car at 1-3 years old then an extended warranty.