Yes I am suggesting that.

Jul 3, 2024
3:14:22pm

garyfan Political Junky

Your argument is what some people who buy less expensive cars try to convince themselves of. Anecdotes of seeing expensive cars on the side of the road are helpful here.

And it’s not just about reliability.

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garyfan

Bio page: garyfan
Joined: Sep 19, 2013
Last login: Jul 6, 2024
Total posts: 38,135 (3,898 FO)

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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

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