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Old 10-03-2023, 09:27 PM #16
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Originally Posted by AZ Craig View Post
Amen. I'm so sick and tired of people railing about how everyone who buys new cars is an idiot.

There is more to life than the endless pursuit of as large a retirement account as possible. Live a little bit, you cannot take your money to the grave.
How much do you have in your retirement acct?

If you think living a little bit is driving a "new" car that is worth 20% less when you drive it off the lot, then I feel sorry for you.

You need to re-think your priorities.
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Old 10-03-2023, 10:30 PM #17
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That's a ridiculous, stupid shallow analogy. I choose to have the $50k cash in my home safe and drive used cars.
Geez, you're the reason prices for new cars are so high because idiots like you keep buying.
Idiots like you don't get a joke analogy.

Why do you care if new cars prices are high if you always buy used?
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Old 10-03-2023, 10:33 PM #18
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Originally Posted by Texmax View Post
How much do you have in your retirement acct?

If you think living a little bit is driving a "new" car that is worth 20% less when you drive it off the lot, then I feel sorry for you.

You need to re-think your priorities.
Why do you care what others buy? Are they taking money out of your retirement acct?

You want to buy my old Honda?
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Old 10-04-2023, 12:34 PM #19
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Quote:
Originally Posted by Texmax View Post
How much do you have in your retirement acct?

If you think living a little bit is driving a "new" car that is worth 20% less when you drive it off the lot, then I feel sorry for you.

You need to re-think your priorities.
This isn't a retirement account pissing contest (even though you seem to think that is a good measure of personal success), but I'll just say my net-worth is quite good, especially since I got into a significant house in the Arizona market back in 2015 before the COVID-fueled insanity ran prices way up. When I add on my retirement and investment accounts I'm pretty happy with where I am, especially considering I'll likely be working for another 20+ years (being 42 with a couple of young kids). Being an engineering manager for a Fortune 100 company helps out also.

Your "worth 20% less" statement also makes no sense, at least with respect to a 4Runner (albeit, for many cars it is a true statement including my Rover).

I purchased my Pro in November 2019 for MSRP (about $50800). For quite awhile it was actually worth more than I paid for it. My last check on trade-in value puts me right around $43K. Thus, I have not even lost 20% value in nearly 4 years and 50K miles.

My grand parents lived in the same rent controlled apartment for decades in Brooklyn and amassed a large sum through their frugalness. All of it got pissed away paying for assisted living and nursing care. Hope it was worth it.

BTW, enjoy your $50K cash in your safe. It could be earning you $2500 a year in interest with a simple deposit to a savings account. But I guess you don't trust the banks either probably.
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Old 10-06-2023, 08:53 AM #20
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Old 10-06-2023, 08:56 AM #21
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Quote:
Originally Posted by Thai View Post
Why do you care what others buy? Are they taking money out of your retirement acct?

You want to buy my old Honda?
What's wrong with old Hondas?
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Old 10-06-2023, 11:15 AM #22
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What's wrong with old Hondas?
Nothing at all. They'll run until the apocalypse (much like Toyota trucks).
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Old 10-06-2023, 11:53 AM #23
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What's wrong with old Hondas?
Not my COVID Honda! (See above post for more details regarding my Ridgeline)
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Old 10-06-2023, 05:29 PM #24
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Quote:
Originally Posted by AZ Craig View Post
Yes, I've always struggled with this when considering used cars (and to be honest, I've never actually bought one used in my whole life).

You find a good deal on a somewhat newer vehicle and the question that immediately comes to my mind: "Why did the original seller sell it in the first place?"

I personally find the sweet spot to be to buy new and then drive it for 4 to 8 years. Trade out before the residual value craters and maintenance and upkeep becomes significant.

A car payment is predictable. A major driveline failure or some other nagging issue is not.
that's how we develop our mechanical skills...out of necessity!
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Old 10-06-2023, 08:25 PM #25
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Not my COVID Honda! (See above post for more details regarding my Ridgeline)
Sorry to read that. I have no experience with newer Hondas. There are very few Ridgelines around these parts. I don't know of a single person who owns one.

I think there is a sweet spot between the early 90s to early 00s where Honda made fantastic vehicles...with the S2000 taking the grand prize. It was Honda's Golden Age.
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Old 10-07-2023, 03:35 PM #26
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Sorry to read that. I have no experience with newer Hondas. There are very few Ridgelines around these parts. I don't know of a single person who owns one.

I think there is a sweet spot between the early 90s to early 00s where Honda made fantastic vehicles...with the S2000 taking the grand prize. It was Honda's Golden Age.
In fact, a former T4r.org admin just got himself a mint 2005 S2000 with 35k miles on odometer!
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Old 10-07-2023, 08:39 PM #27
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In fact, a former T4r.org admin just got himself a mint 2005 S2000 with 35k miles on odometer!
When I bought my 2000 SI, it was on one turntable inside the showroom and a yellow S2000 was on the other. I wanted the S2000 but couldn't afford the price tag and my wife would have killed me for buying a roadster.
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Old 10-07-2023, 08:42 PM #28
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It is still overpriced even at $20K off.
Nice civic.
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Old 10-07-2023, 08:51 PM #29
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Nice civic.
Thanks. I really need to post a clearer picture. That one is fuzzy.
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Old 10-08-2023, 06:05 PM #30
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New cars are a waste of money and a really bad investment and that includes Toyota.

Cars in general are a terrible investment take it from someone like
Warren Buffet the billionaire drives an old pickup and lives below his means.

You don't get rich by making bad financial decisions, only the greedy automakers get rich. You lose.
I'd have to disagree with your statement, especially when it comes to a 4Runner. I'll gladly take the initial depreciation hit buying new, cuz what I'm getting in return is a 20-year, 500K vehicle with basic (driveway) maintenance. Heck, my '05 still runs and drive like new, it's been paying me back for a long time...so lighten up Francis and go buy a new 4Runner while you still can.
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