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Jul 3, 2024
2:40
:56
pm
BlooCoug
Intervention Needed
Okay, that makes sense. What about a non-collector vehicle?
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BlooCoug
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BlooCoog
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BlooCoug
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Aug 27, 2011
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Jul 6, 2024
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Messages
Author
Time
POLL: What is the most you'd be willing to spend on a vehicle (used or new doesn't matter)?
Windward_Coug
Jul 3, 2:28pm
For those selecting anything above $40k…what is your rationale for spending that
BlooCoug
Jul 3, 2:35pm
Who says it is a depreciating asset?
kccougar
Jul 3, 2:36pm
95% of the time automobiles are likely depreciating assets. Collector cars that
BlooCoug
Jul 3, 2:37pm
Right. And you said new or used doesn't matter. I would pay over $40k for an appreciating asset vehicle.
kccougar
Jul 3, 2:38pm
Okay, that makes sense. What about a non-collector vehicle?
BlooCoug
Jul 3, 2:40pm
People spend unnecessary funds on all kinds of experiences and for some, driving their vehicles is as much an experience
kccougar
Jul 3, 2:45pm
So the poll is "How much are you willing to spend on a boring automobile?" Easy. $0.
Bert609
Jul 3, 4:01pm
All our pickups cost more than that. Need them for work.
blueaussie
Jul 3, 2:42pm
A few reasons:
garyfan
Jul 3, 2:47pm
Your #1 reason makes sense. For 1 percenters, even 10 percenters, a dollar
BlooCoug
Jul 3, 3:02pm
Are you suggesting that paying a premium ensures reliability?
stenso
Jul 3, 3:05pm
Yes I am suggesting that.
garyfan
Jul 3, 3:14pm
Are you a car salesman? 😂
stenso
Jul 3, 3:28pm
So, if someone were buying a 2024 Toyota Camry and a 2016 Toyota Camry,
garyfan
Jul 3, 3:47pm
A well maintained 2016 Camry with low miles over a 2024 Camry?
stenso
Jul 3, 3:53pm
The current Camry is a gas/hybrid electric with a turbo 4. If your primary aim is reliability and longevity and cost of
Bert609
Jul 3, 4:06pm
Exactly, 👍.
stenso
Jul 3, 4:10pm
Ironically, it's the non-car guys who spend more $$ on their cars at similar income levels than the car guys.
Bert609
Jul 3, 4:19pm
The annual cost of maintenance for a 2016, especially a Toyota is probably
byusage
Jul 3, 4:21pm
That's a separate argument. He's saying that all else equal, older cars are
garyfan
Jul 3, 4:25pm
I said that the “price” is not necessarily correlated with reliability.
stenso
Jul 3, 4:31pm
But price is correlated with age, so...
garyfan
Jul 3, 4:38pm
This is a fine example of why non-enthusiasts spend more $$ than enthusiasts on cars, to an enthusiast, it's not a
Bert609
Jul 3, 4:52pm
my standard response is who cares if it's a depreciating asset if it brings you happiness and/or utility?
byujag
Jul 3, 2:49pm
That’s reasonable.
BlooCoug
Jul 3, 3:03pm
When my wife goes to visit the grandkids I want a car with safety features and
RC Vikings
Jul 3, 2:52pm
$40k doesn't even get you a kid hauling SUV
BIG XII Coug
Jul 3, 3:10pm
It does if you’re willing to buy used or rebranded title. The OP said new or
BlooCoug
Jul 3, 3:59pm
Same reason why people spend money on vacations, or nice food, or landscaping, or expensive
Skeptical Optimist
Jul 3, 3:44pm
Check out these investments. They do quite well.
Division Bell
Jul 3, 3:54pm
The biggest thing to me is the pickup
cougarBee
Jul 3, 4:01pm
Really nice off-roading vehicle/truck will be more than $40k. Great family fun!
cougXor
Jul 3, 4:05pm
"If your car doesn't turn you on when you turn it on, then you bought the wrong vehicle."
Division Bell
Jul 3, 4:09pm
If it’s a 911 Turbo, it isn’t a depreciating asset.
gww687
Jul 3, 4:26pm
RE: For those selecting anything above $40k…what is your rationale for spending that
conflictedcoug
Jul 3, 5:09pm
If someone is will sell me a $900k car for $250K, I'll enjoy it for a while.
FrontLineFan
Jul 3, 2:41pm
Depends on the vehicle, my needs, and what I would use it for.
John Doe
Jul 3, 3:46pm
There are some $250k cars I dream of owning… they may even be in reach someday.
Tokolosh
Jul 3, 3:55pm
I could find a car at EVERY price point in this poll that I would be over the moon in purchasing and owning. It's not
Bert609
Jul 3, 3:57pm
What I would be willing to spend versus what I have available to spend...
Eddie
Jul 3, 4:37pm
I bought a new Acura MDX. It is a
Snipe
Jul 3, 6:11pm
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