Out of Steam
Thinks s/he gets paid by the post
- Joined
- Mar 14, 2017
- Messages
- 1,669
I'm thinking I'm being kind of extravagant to plan to replace my Subaru at 8 years old and 170K miles.
Last edited:
I bought my first new car after I retired. A 2019 Chevy Impala Premier with the extra grand for premium paint plus a sunroof. Forty five grand out the door.
The same guy that asked me where I was moving after retirement (nowhere) asked me what kind of car I was going to get (because I was loosing the Co. car) and I said nothing (the 2003 Taurus I inherited from Pops was still working fine), but it got me thinking. A Maserati Quattroporte. Eighth mill, probably 150 out the door. But hey, I can afford it. But then there's service and insurance and big license fees. But I can afford them too. The killer was I don't live in a Maserati neighborhood.
I've always liked the Impala.
As far as a car fitting the neighborhood, I was thinking recently that I'm not sure that we live in an Audi neighborhood. Other than pickup trucks, nearness of the Hyundai dealer has made them a neighborhood favorite.
I did not know about this Maserati Quattroporte, so looked it up.
2022 model - MSRP: $96,000 - $143,200
But also popped up are these used cars for sale.
2018 - 17,859 mi - $57,489
2008 - 15,823 mi - $34,995 ($140,795 when new)
I understand the depreciation, but not the low mileage. The car owners hardly drive these cars. They buy them just to look at?
With a car, the more you wait, the more money you lose. Might as well get some enjoyment out of it by driving it.
I am telling you, I am not a car person, but seeing these fancy exotic cars with 15k miles and in nice condition going for so cheap, it makes me want to go out to take a look to see what's wrong with them.
The danger is, what if I come home with one?
I had to look up what all those cars were. I really have a hard time spending money on vehicles. I will need to replace my old ranch everyday truck in the next few years if nothing major happens before that. I got 180K on it and have done very little to it but tires and some maintenance.
I have 2 cautions to mention:
- Gifting to some kids, kills their desire to save/achieve/strive to succeed as they figure the parents can just pay.
- The fantastic returns on the stock market last few years will in some years be balanced off by large negative returns for the year. If you gift away too much, you could end up literally short and hope your kids lend you some money for gas.
I have 2 cautions to mention:
- Gifting to some kids, kills their desire to save/achieve/strive to succeed as they figure the parents can just pay.
- The fantastic returns on the stock market last few years will in some years be balanced off by large negative returns for the year. If you gift away too much, you could end up literally short and hope your kids lend you some money for gas.