corn18
Thinks s/he gets paid by the post
- Joined
- Aug 30, 2015
- Messages
- 1,890
Hi! We are looking at retirement next year @ age 55. Currently have 3 cars (no loans):
2020 BMW X3 M40i
2015 Chevy 2500HD
2015 BMW Z4
Don't plan on driving a lot in retirement. but who knows. We pay cash and keep them until they cost too much.
My current plan has us buying a new car every 5 years for $30k net. Not BMWs. Thinks Honda Accord or CRV. This continues until age 80 when we buy our last car.
I have no idea if this is a good plan or a bad plan. It's just the current plan. Would love to go down to 2 cars now but my wife likes her convertible. Maybe it stays until we don't want to pay for BMW maintainability anymore. Only has 24k miles on it. Wouldn't mind stretching each car to 15 years vs 10. But that doesn't sound like us.
So what are you planning (if not retired) or what are you doing (if retired)?
Thanks!
Corn
2020 BMW X3 M40i
2015 Chevy 2500HD
2015 BMW Z4
Don't plan on driving a lot in retirement. but who knows. We pay cash and keep them until they cost too much.
My current plan has us buying a new car every 5 years for $30k net. Not BMWs. Thinks Honda Accord or CRV. This continues until age 80 when we buy our last car.
I have no idea if this is a good plan or a bad plan. It's just the current plan. Would love to go down to 2 cars now but my wife likes her convertible. Maybe it stays until we don't want to pay for BMW maintainability anymore. Only has 24k miles on it. Wouldn't mind stretching each car to 15 years vs 10. But that doesn't sound like us.
So what are you planning (if not retired) or what are you doing (if retired)?
Thanks!
Corn