Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
As much as I love BMW's and Audi's they don't have a great resale value.. especially after the warranty is up. For example, take an '05 Audi S4.. what was that $50k new ? I think they go for $15k-18k now.. that to me doesn't seem like a good resale value. Good resale is trucks , especially diesel trucks , that is an example of good resale.
45k on average for an 05 Audi S4 original MSRP.
Still that's an 8 year value of ~40%... I don't think that is bad at all.
Everyone worked really hard their whole lives, and studied hard in school while working three jobs, and/or turned their lives around, is a self-made man, never borrowed a penny, is incredibly skillful at investing, wakes up at 5am to go jogging 20 miles before breakfast, doesn't suffer anyone who does anything differently. Welcome to the internet.
Regardless of what those studies say I have a hard time believing that even those luxurury cars are in the same ballpark as like a honda civic, toyota camry, or jeep wrangler.
Audis and bmws are notorious for losing value as most people know how unreliable they get and expensive to fix.
0.00. I don't own a car. I am, however, a member of a car pool with 4 other people. For this, I pay the equivalent of about $50/mo, which is far less than the user cost of capital for a car to make the same journey.
The rest is covered by my feet, a bicycle and public transport. My average monthly transportation costs are an additional $50-$60, since I receive a public transport subsidy on my monthly transport card. The monthly payment on an average very-small car is about $300/month. Gasoline costs the equivalent of about $8/gallon. The average very small car gets 36-42mpg
I hear it all the time at work...."you make such good money...why are you driving a 10 year old truck with 100K miles on it? You can go buy a brand new one with virtually nothing for a payment!"
.
Those people are stupid.
Never listen to those people.
Just going on my experience to compare. Bought a 2500 4wd diesel truck in '01 for $30k OTD, put 155k miles on it and sold it 9 years later for $13,500. My other vehicle is a 2000 Jetta TDI, roughly $20k new and now with 192k miles and 13 years later they are going for around $5500-6000. I know completely different types of vehicles but that is what kind of return on investment that I'm used to.
Good to hear on the BMW though, I think my wife might pick up a 3 series in the spring. Hopefully a year or two old though.
Dual income: $70K range
Two car payments. $370 (2011 Chevy HHR), $240 (2009 Hyundai Elantra. This will be paid off next year)
Insurance: $150 a month, gold coverage with Allstate
Total: $760
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
