For those of you who make over $85K/year....

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Toasthead

Diamond Member
Aug 27, 2001
6,621
0
0
I make just under 90k and I drive a 1995 Mazda B2300 SE extra cab. 153000 miles


Im married
 

IceBergSLiM

Lifer
Jul 11, 2000
29,933
3
81
Originally posted by: halik
Originally posted by: Amused
Divorced.

A 1999 VW Passat. Paid off and in perfect condition.

I see no reason to make the single worst investment a person can make: Buy a new car... especially every 3-5 years.

I disagree, leasing a new car tends generally ends up a higher loss. Same thing goes for excessive rent. In either case you end up with no equity when the lease is up.

it makes more sense to finance a 1-3 year old model. It has already went through its most drastic depreciation during that time.
 

Amused

Elite Member
Apr 14, 2001
56,006
14,541
146
Originally posted by: Nebor
Originally posted by: Amused
Divorced.

A 1999 VW Passat. Paid off and in perfect condition.

I see no reason to make the single worst investment a person can make: Buy a new car... especially every 3-5 years.

Divorced paying alimony\child support?

No alimony or child support.

I just don't like throwing my money away on something that depreciates so fast.

Hell, the one reason I sprang for the Harley last year was the fact that, if cared for, a Harley actually appreciates in value.

In other words, I'm a tight wad.
 

gregshin

Diamond Member
Jul 13, 2000
3,273
0
0
single living in socal (own place)

G35 coupe

if i was living somewhere else where i could get more for my money i would be driving my NSX now
 

broon

Diamond Member
Jun 5, 2002
3,660
1
81
Originally posted by: Amused
Divorced.

A 1999 VW Passat. Paid off and in perfect condition.

I see no reason to make the single worst investment a person can make: Buy a new car... especially every 3-5 years.

The only reason to buy a new car is if you plan on keeping it for more than 5 years. Which I do usually. Both our cars are '01s. Mine has ~83k miles, hers has ~65k miles. Both are still in great shape and won't be replaced for at least 4 more years. However, I might buy a third car that gets better gas mileage than my Durango and is bigger than her tiny Saturn.
 

Amused

Elite Member
Apr 14, 2001
56,006
14,541
146
Originally posted by: halik
Originally posted by: Amused
Divorced.

A 1999 VW Passat. Paid off and in perfect condition.

I see no reason to make the single worst investment a person can make: Buy a new car... especially every 3-5 years.

I disagree, leasing a car generally ends up a higher loss. Same thing goes for excessive rent. In either case you end up with no equity when the lease is up.

The car lease thing is not universal, though. With a $350//mo lease, you're expecting the car to depriciate 4100 bucks in one year/12K miles. This might be the case for a brand new domestic, but usually not for used foreign cars.

It doesn't matter. Either way you're getting raped by depreciation and paying interest for the privilege of a financial ass-fscking.

I'm almost 40 and I'm just tired of throwing away money on cars.
 

Todd33

Diamond Member
Oct 16, 2003
7,842
2
81
Married, 2000 Jetta GLX and 2005 Oddesy, both paid off.

Cars are a very poor investment...
 

K1052

Elite Member
Aug 21, 2003
46,882
34,841
136
Single with an 05 Legacy GT Limited.

It is a great city car and I doubt I'll switch anytime soon.
 

BoomerD

No Lifer
Feb 26, 2006
63,428
11,757
136
Married
Crane Operator

87 BMW 735i
96 Dodge Dakota
05 Ford Expidition (hers)
 

Rainsford

Lifer
Apr 25, 2001
17,515
0
0
Originally posted by: Todd33
Married, 2000 Jetta GLX and 2005 Oddesy, both paid off.

Cars are a very poor investment...

You don't buy a car as an investment any more than you invest in computer games. Car are for travel and (sometimes) entertainment.
 

D1gger

Diamond Member
Oct 3, 2004
5,411
2
76
Married, and I don't own a car. (The company provides an Escalade EXT)
 
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