Quote:
Originally Posted by Hitch
You know, here's the thing. I'm NOT immune to the allure of a new car. Something with nice lines, sweet leather...I'm not. I'm just NOT willing to finance a depreciating asset. Ixnay on that. I did it once--in 1985, and never again since. Every vehicle we've bought since then, new or used--we pay all cash. If I can't afford it, I can't have it. Period.
After all: I mean, really, what is the actual difference between, say, a Mustang and a Jag? Other than, what, $30K? They are both CARS. They both depreciate. They are vehicles that take you from A to B in relative comfort. After that, you're paying for snob factor. (And...I confess, even more: I like expensive cars. I do. I'd take an R8 in a heartbeat.) But my left-brain just won't let that right brain splurge on a silly thing like a bloody CAR...
Hitch
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If that's your thing there is something to be said about picking up a nicely restored classic. You can get a decent sixties something Mustang for around the price of a new Mustang.
What you don't get is 21st century technology or new car depreciation, and you can get that new car smell in a can. In fact if you chose carefully and are lucky you might just get an appreciation rate that's better than a certificate of deposit.