Thread: Depreciation
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sugarwood sugarwood is offline
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Quote:
Originally Posted by Deschodt View Post
So now (rant somewhat on) I'm stuck with a few cars that have become valuable (I know boo-hoo) which I drive less because the cost of keeping them nice or mechanically sound tripled, and I fear a texting idiot will crash into me and reduce value. I also can't customize them too much or I lose $, which I agree is my decision but who likes to piss money ? And I cannot justify buying any other bucket list cars from that era because they're just not worth THAT $ to me. Best thing I can think of is trading and pretending we went back 10y in pricing... We should start a website for trades...
Why is this an issue?
You did not pay these prices nor did you expect them to get to these levels when you bought.
If I told you that your car was worth $1 or $1mm, it should make no difference to you.
If anything, rising prices should allow you to drive with less worry, since the car is worth more than you paid, and you can "refi" the car to pay for any maintenance issues.
With values up, the car is actually more drivable.

How have maintenance costs have tripled in the last few years.
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Old 07-19-2017, 05:21 AM
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