$20k can buy a brand new car if you're willing to buy a base model.
I chalk it up to the "I deserve it" culture where every penny earned ought to
go right back out because "I deserve it."
I mentioned to Angie the other day that I'd been thinking about buying a new
snowmobile, the base model is right in the $8,000 range. She heard "I'm going
to buy a new snowmobile" and wants to know why I haven't done it yet. She knows
I can afford it but the reason I can afford it is that I've never done it...
-Curt
On Wednesday, October 23, 2019, 4:45:06 PM EDT, Buggered Benzmail via
Mercedes <mercedes@okiebenz.com> wrote:
I have a friend, a young woman, I saw last night who moved here from up north.
She has some sort of Subaru that has bad rust. It’s not that old but she said
it is basically shot on the underneath and all the exposed bits. Lot of stuff
needs replacing. So she wants to get a “new” car but of course the cost is a
big concern.
I told her about this $600E320, really nice car now with some minimal work and
expense. She says she and her husband can’t deal with that kind of stuff. So I
say well buy 2 older cars that are fairly decent and you’ll have a spare
around, will cost you less even with occasional repairs. She balked at that. So
she’ll probably go spend $15-20k on something 3-4yo and will not like the
monthly nut but will just deal with it.
--FT
Sent from iPhone
> On Oct 23, 2019, at 4:24 PM, Randy Bennell via Mercedes
> <mercedes@okiebenz.com> wrote:
>
>> 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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