18th Dec 2021, 17:08
Sell the car and take a $50k loss on depreciation after like 1 year? LOL. Now you’re really talking!
19th Dec 2021, 21:13
On a second-hand car already well-depreciated? Is there anything really to LOL about? No. It is what it is. If it's feasible to keep, do it. If it's getting too much, sell it - just like any car.
20th Dec 2021, 15:55
All you focus is on the dollar sign throughout these posts. It’s not others having any issue, it’s you. Some may buy one car or some several; it’s their choice. They pick out to enjoy.
An analogy is buying a home because of being in a nicer school district, thus paying more. The same style and size of home is far cheaper elsewhere, but having a very high crime rate area. There is something for everyone. People are adults capable of their own life decisions. I do not think a vast majority are losing 50k in a year. Especially not at this moment. Shortage of new vehicles and chip shortages. It must be very hard weighing every expenditure in terms of $ drain, small or large. A lot of very wise and savvy individuals are well into retirement. Do not stop living or are in severe financial straits. Something in your lifetime or youth has perhaps created tremendous fear of parting with any dollars. I’ve yet to read anyone on here citing they went downhill quickly over picking up a car. And can always sell if it’s a worry. Often you get far more buying a nice convertible to drive, better ride space comfort. Or another nice coupe, sedan etc. Something not with extremely high mileage. And worry is it going to fail on a long trip. A real bummer. With online banking and investing it’s simple to see 6 months out, or even a couple of years to see if you are sinking. Adjust and keep living. Take trips, upgrade your home, then catch up again rapidly. Never impoverished.
20th Dec 2021, 21:53
A house is not an analogy at all. Real estate is an appreciating asset. Cars are depreciating. Those don’t seem the same to me. Plus, we have people on here arguing people should be paying well over sticker on already expensive cars and not thinking twice about it. Brilliant!
21st Dec 2021, 21:31
For the sake of the only one arguing (you), here’s some options based on only money. Not that someone likes or has different preferences than you. The downing is what’s hard to take. No basis to it.
Real estate options. Buy some property in say California as an investment. Could be any state. Buy in your 30s and forego anything more than basic transportation. It will in time become rent positive. Use your rental income and buy a nice car you always wanted. Every month the property is positive income. And the trend is the rental appreciates over 15 years or so. You are not touching your career income to buy a better car or another rental. You maintain your own single family residence.
Another way I bought a nice car besides real estate is just selling a bit of stock. Taking off gains and now playing with the house's money.
Yet another is buying a highly desirable new car with a lengthy waiting list. It comes in, you drive a year, first owner, low miles and sell back to the dealer. Order another. What’s in my garage and some others was a result of savvy investments. Of course will hear how you are selling over sticker to someone. And that’s not fair to you. Well sorry it is. You can buy a CPO or used even new other cars that are just nothing special. I buy new vehicles with demand. Not from a regular job. Doing the above. Even if you sell an asset, buy a car with it with the gains, what’s the loss? At some point as you age and mature, things can be rewarding than only in dollars. But this may just be a waste of my time to express what that is. Every car on this forum means something to someone. They either like or dislike. Maybe others do like my family. Buy something to enjoy. The cost alone isn’t upsetting your life. I love and enjoy what I have. Maybe simply being a little savvy is involved to get there. And no financial impact or burden involved. Enjoy the ride!
22nd Dec 2021, 20:10
None of that has much to do with the used Rolls Royce topic at hand. Also, given that the first year is the largest percentage drop when it comes to depreciation, you just gave people a great formula to go bankrupt. Buy cars new for over sticker then sell back in a year. Nice plan.
23rd Dec 2021, 04:22
I think they are talking about brand new, used private sales have an "asking price" which is also overpriced these days.
23rd Dec 2021, 17:29
Different poster here, and I must say that I can't believe your dollar signs accusations towards people on this here thread, when all you have to do is go over to the 1964 Bel Air comments and read your criticized posts towards people who collect 4 door classics.
23rd Dec 2021, 17:48
Simple he talks about losing money continually. Even not his own, but on what others choose to buy. A downer on that very topic. Maybe a way he can start making money on his time, money and effort. And change his tune. It’s very easy to go underwater on 4 doors unless it is an amazing vintage marque.
17th Dec 2021, 18:57
I don’t see anyone complaining but you. It must be very hard feeling every nickel as if it’s going to your doom to just simply enjoy. It’s not your $30k, you feel nothing. And maybe the ownership is a joy to them. No one likes spending money on repairs, but it’s often factored in when the car is purchased. Trust that others are adult. If it’s too much for them, simply sell the car.