Quote:
Originally Posted by Jim Richards
Last car loan - 1982. Our newest car is the beater Jetta - 2004.
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At Parade I saw many of the new cars Porsche had on display and the factory sticker on them. It just amazes me that so many people make enough to consider a 200K car a good idea. I am glad people do, because Porsche would be out of business real fast otherwise.
Of course some of the same folks buy mega million dollar houses as well. A house usually is a good investment and it goes UP in value. Very few cars go up in value within a few years.
My wife does have a 2008 Infinity and I see do see the advantages of a nice modern car. No doubt a new car is nice to have. I will stick to my 30 year old cars and just keep on driving them. Sometime near the end of the year I will reach the point where I personally have driven my Elky 300,000 miles.
I have personally put 1/2 the miles that are on my 911 on the odometer.