the cost of the new ones is daft
Only because I am retired and relatively skint in terms of income these days. For someone else would might normally be driving a high-end German ICE saloon and has an income sufficient to sustain the PCP payments then they make a great deal more sense.
My budget for cars for the foreseeable future is about £25k, less if I can manage. I freely admit that I am an out-of-step weirdo but I really cannot stomach the idea of renting a car rather than buying it outright, and I see no reason to get rid of them just because they are getting a bit old. Our Defender is 18 years old, the Morgan is 34, and the Fiat is a 2015 model. When I get a BEV it's going to have to last a good 10 years if not more.
