On 23/10/2019 3:10 PM, Karl Wittnebel via Mercedes wrote:
Coworker's car got totalled in a hit and run. It was an older tiguan. Paid
off, seven years old. So she is looking for transportation.
I told her she could have the 90k 1994 e420 for 5k, and that her husband
would be jealous because it is faster than his Audi. She was game, but his
response was 1994? NO WAY. Of course his payment on a used audi is over
500/mo and the AC fan whines but is too expensive to fix.
She is all about no payment. He is the fiscal fool in the relationship
apparently. I dont know if a v8 w124 is the greatest kid hauler around, but
it will only appreciate and one could surely do much worse. Even the
headliner is new now, ignition switch, turn stalk, 2.82 diff, yada yada. I
think it needs a new toe link in back because it is eating that tire, but
my gosh
- why are people so keen to go into debt on depreciating assets?
Death by a thousand cuts.
Because, they are unable or unwilling to do any work on vehicles
themselves, and they fear the cost of having anything repaired in a
shop. The feel, and maybe rightly so, that they are better off with a
new reliable car and payments than they will be with an older car that
needs upkeep on a regular basis. If one cannot do the work and does not
know enough to avoid being robbed by repair shops, then one is truly at
their mercy. A bad place to be.
Randy
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