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

Divorced paying alimony\child support?
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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.
 
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
 
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.
Click to expand...

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.
 
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.
Click to expand...

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.
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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.
 
Single with an 05 Legacy GT Limited.

It is a great city car and I doubt I'll switch anytime soon.
 
Originally posted by: Todd33
Married, 2000 Jetta GLX and 2005 Oddesy, both paid off.

Cars are a very poor investment...
Click to expand...

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