Is buying a NEW CAR a stupid thing to do?

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  • woj
    <&(©¿©)&>
    • Jul 2002
    • 47880
    #51
    50 new cars
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      • GTS Mark
        Vrume Mark
        • Jan 2001
        • 20912
        #52
        Originally posted by latinasojourn
        i love all the pix of the guys with their fancy expensive cars sitting in driveways of modest houses, in areas of multi family dwellings.

        to get an estate you should put your money into appreciating assests.

        and then (after some time) you can put the beemer in the driveway of the big house.

        but if you piss your $ away in your formative working years and do not buy property you will miss out bigtime later in life.

        that said, the only vehicles i buy new are sportbikes. and i like high end cars about 4-5 years old, priced about 50% of msrp with 98% of the prestige, utility, and reliablility.

        pick a body style that is still current in 2006-7 so the neighbors don't know and keep your mouth shut.

        clue: S series MB 2001, etc.
        You pretty much said exactly what I was going to say LOL!

          Comment

          • GTS Mark
            Vrume Mark
            • Jan 2001
            • 20912
            #53
            Originally posted by latinasojourn
            i love all the pix of the guys with their fancy expensive cars sitting in driveways of modest houses, in areas of multi family dwellings.

            to get an estate you should put your money into appreciating assests.

            and then (after some time) you can put the beemer in the driveway of the big house.

            but if you piss your $ away in your formative working years and do not buy property you will miss out bigtime later in life.

            that said, the only vehicles i buy new are sportbikes. and i like high end cars about 4-5 years old, priced about 50% of msrp with 98% of the prestige, utility, and reliablility.

            pick a body style that is still current in 2006-7 so the neighbors don't know and keep your mouth shut.

            clue: S series MB 2001, etc.
            Doooh double post

              Comment

              • Dollarmansteve
                Confirmed User
                • May 2005
                • 2849
                #54
                It's simple, when you own a car you own everything, including the depreciation and the future maintenance costs.

                When you lease a car you own nothing and only pay for the capital you consume.

                Why anyone would want to have ownership of an asset that produces so much negavtive cashflow as it depreciates to $0 is beyond me.

                Of course I am not speaking about High-end luxo/sport mobiles or $500 civics, Im talking about the $50,000 BMW or the $35,000 accord.
                I died.

                  Comment

                  • woj
                    <&(©¿©)&>
                    • Jul 2002
                    • 47880
                    #55
                    Originally posted by Dollarmansteve
                    It's simple, when you own a car you own everything, including the depreciation and the future maintenance costs.

                    When you lease a car you own nothing and only pay for the capital you consume.

                    Why anyone would want to have ownership of an asset that produces so much negavtive cashflow as it depreciates to $0 is beyond me.

                    Of course I am not speaking about High-end luxo/sport mobiles or $500 civics, Im talking about the $50,000 BMW or the $35,000 accord.
                    True, but someone has to pay for the deprecation and the maintenance costs, and in both cases it's you... When you lease, you just pay for these costs monthly... when you buy, you pay for it upfront.. in the end you end up paying about the same...
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                      • latinasojourn
                        Confirmed User
                        • Oct 2003
                        • 3191
                        #56
                        Originally posted by woj
                        True, but someone has to pay for the deprecation and the maintenance costs, and in both cases it's you... When you lease, you just pay for these costs monthly... when you buy, you pay for it upfront.. in the end you end up paying about the same...

                        mostly true.

                        check the fine print on miles/year overage charge. if you drive over 12-15K miles year leasing may not be your best financial choice.

                        lots of lease cars are returned high miles.

                        and folks are then in for a shocker when they are hit with the mileage penalty.

                          Comment

                          • Bake
                            Confirmed User
                            • Jan 2001
                            • 5916
                            #57
                            It differs from person to person my girlfriend has a salery pakage witch includes $250 per week car allowance so she leases a car and turns them over ever 15,000 km
                            I pay cash for mine and get them from a wholesaler and take the risk of no warenty but you get them cheap the last one a 3 series BMW was 27K cheaper than new with only 24,000 km on it and still had 12 monts factory warenty.
                            I dont need a new car Im happy with my penis size.
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                              Comment

                              • MrMaxwell
                                Too lazy to set a custom title
                                • Jul 2005
                                • 10057
                                #58
                                Originally posted by latinasojourn
                                i love all the pix of the guys with their fancy expensive cars sitting in driveways of modest houses, in areas of multi family dwellings.

                                to get an estate you should put your money into appreciating assests.

                                and then (after some time) you can put the beemer in the driveway of the big house.

                                but if you piss your $ away in your formative working years and do not buy property you will miss out bigtime later in life.

                                that said, the only vehicles i buy new are sportbikes. and i like high end cars about 4-5 years old, priced about 50% of msrp with 98% of the prestige, utility, and reliablility.

                                pick a body style that is still current in 2006-7 so the neighbors don't know and keep your mouth shut.

                                clue: S series MB 2001, etc.


                                That's a good idea keeping the body style and buying a bit older
                                There use to be alot of money in bolting on an 01 front end onto a what was it 93 benz cause suckers would pay 15k over value for the 01 look

                                  Comment

                                  • Mr. Romance
                                    The Face of Romance and the Symbol of Freedom
                                    • Mar 2005
                                    • 7821
                                    #59
                                    we all work hard in this biz...treat yourself to want you want


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                                      • Vitasoy
                                        GFY HALL OF FAME DAMMIT!!!
                                        • Oct 2003
                                        • 58202
                                        #60
                                        Some people just don't like buying used stuff.


                                        [email protected]

                                          Comment

                                          • 69pornlinks
                                            Confirmed User
                                            • Mar 2003
                                            • 5560
                                            #61
                                            Originally posted by dunefield
                                            Why should anyone give you a good reason... It's up to YOU if you want to buy a new car or not...

                                            wrong board...you're talking to much sense
                                            It IS what it IS

                                              Comment

                                              • Jollyjoe
                                                Confirmed User
                                                • Jul 2004
                                                • 300
                                                #62
                                                Yea, its very stupid to buy a new car....Dont do it!

                                                  Comment

                                                  • tony299
                                                    lurker
                                                    • Aug 2002
                                                    • 57021
                                                    #63
                                                    I prefer buying newer used save a bunch of money that way.

                                                      Comment

                                                      • bausch
                                                        Confirmed User
                                                        • Jul 2006
                                                        • 3017
                                                        #64
                                                        Buy a 2003- 2006 used Mercedes, NOT C-class (because C stands for cheap). Maybe a CLK or E-class. People are so blinded by the Mercedes sign most people won't know it's used, especially if you buy a recent model.

                                                        Even better if the Mercedes sign is big and in the grill so everyone can see you in their rearview mirror

                                                        Certified pre-owned looks just as good as new and is not likely to have too many problems.
                                                        Last edited by bausch; 08-21-2006, 08:48 PM.

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                                                          • NiggaRiche
                                                            Confirmed User
                                                            • Aug 2006
                                                            • 107
                                                            #65
                                                            water damage = big savings

                                                              Comment

                                                              • spamfiles
                                                                Confirmed User
                                                                • Jun 2004
                                                                • 119
                                                                #66
                                                                if theres one thing I learned in high school; dave ramsey said it best, don't buy it unless you can pay cash for it
                                                                ICQ: 409103

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