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-   -   Is buying a NEW CAR a stupid thing to do? (https://gfy.com/showthread.php?t=646692)

woj 08-21-2006 01:34 PM

50 new cars :)

GTS Mark 08-21-2006 01:41 PM

Quote:

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!

GTS Mark 08-21-2006 01:41 PM

Quote:

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

Dollarmansteve 08-21-2006 02:06 PM

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.

woj 08-21-2006 02:24 PM

Quote:

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...

latinasojourn 08-21-2006 03:09 PM

Quote:

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.

Bake 08-21-2006 04:35 PM

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.

MrMaxwell 08-21-2006 05:44 PM

Quote:

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

Mr. Romance 08-21-2006 05:51 PM

we all work hard in this biz...treat yourself to want you want


Mr. Romance

Vitasoy 08-21-2006 08:43 PM

Some people just don't like buying used stuff.

69pornlinks 08-21-2006 08:44 PM

Quote:

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

Jollyjoe 08-21-2006 09:09 PM

Yea, its very stupid to buy a new car....Dont do it!

:1orglaugh :1orglaugh :1orglaugh

tony286 08-21-2006 09:42 PM

I prefer buying newer used save a bunch of money that way.

bausch 08-21-2006 09:46 PM

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 :thumbsup

Certified pre-owned looks just as good as new and is not likely to have too many problems.

NiggaRiche 08-21-2006 10:24 PM

water damage = big savings

spamfiles 08-21-2006 10:48 PM

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


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