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Having said that, I would hate to give up my 750 IL.
Nobody cares what you drive and it has no relevance to this thread but this is the perfect example of the stupidity I am referring to. Cars are depreciating assets- only financially ignorant people would be proud of depreciating assets- everybody on City Data drives a luxury car or is a "multimillionaire".
Nobody cares what you drive and it has no relevance to this thread but this is the perfect example of the stupidity I am referring to. Cars are depreciating assets- only financially ignorant people would be proud of depreciating assets- everybody on City Data drives a luxury car or is a "multimillionaire".
That's a very stupid post. Is everything you own an appreciating asset? Do you have golf clubs or a fishing pole? Or a bicycle? Those are depreciating assets.
Just because an asset is depreciating does not make it an ignorant purchase. Some of us know how to enjoy life and make purchases for reasons other than an investment.
Yes, I'm quite proud of my "depreciating assets" called sports cars. And my golf clubs.
I paid $50 dollars for my bike- MSRP new was $200- I added some high performance tires for $30 and a new aerodynamic seat for $15. I could easily sell it for $100- It is an appreciating asset!
Nobody cares what you drive and it has no relevance to this thread but this is the perfect example of the stupidity I am referring to. Cars are depreciating assets- only financially ignorant people would be proud of depreciating assets- everybody on City Data drives a luxury car or is a "multimillionaire".
Except for you. You're poor and "hip" and see no issue passing judgment on people who have had some success.
I'd venture that 95% of the cars aren't owned by rich millionaires, but rather normal people who derive value from the freedom cars afford. The depreciation expense is just part of the cost they factor into the equation.
For most people, it's a beneficial choice. If you choose to spend your money elsewhere that is your choice.
I paid $50 dollars for my bike- MSRP new was $200- I added some high performance tires for $30 and a new aerodynamic seat for $15. I could easily sell it for $100- It is an appreciating asset!
My neighbor bought an L78 SS in 1968. When I was a teen I loved that car. He never really drove it. A few years ago his two kids flipped a coin to see who got it. It's worth $50k. He paid a few thousand....
He's 88 now and thinks that it was his best investment other than his house. I tried to convince him to sell it to me but he wanted it in the family. I'm sure your kids will be flipping a coin in 50 years to decide the fate of your tricked-out Huffy. ...
My neighbor bought an L78 SS in 1968. When I was a teen I loved that car. He never really drove it. A few years ago his two kids flipped a coin to see who got it. It's worth $50k. He paid a few thousand....
He's 88 now and thinks that it was his best investment other than his house. I tried to convince him to sell it to me but he wanted it in the family. I'm sure your kids will be flipping a coin in 50 years to decide the fate of your tricked-out Huffy. ...
Just another reason to have better alternatives to driving. You can have a car that's actually desirable (like mentioned above) to enjoy, and not ruin by driving it to work everyday. And, you'd save the money required to buy/maintain/insure a daily driver.
Last edited by JR_C; 10-10-2012 at 01:07 PM..
Reason: bad grammar
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