Quote:
Originally Posted by billethkid
I buy what I like and have no interest hat the dollar value is at any given time.
And when I am in the buy mode, what it will be worth 'X' years down the road has never entered the equation.
As with so many issues...to each his/her own.
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Oh, price and depreciation mattered greatly to me throughout most of my life. I bought and sold many older cars during high school and college and made money on every one of them including a 1955 XK 140 . When I started my professional working life after college I had a rule: buy used, 2 -3 years old, low mileage, pay cash and no more than 15% of my gross salary. That worked well and helped me live well below my means and invest. My favorite car ever was purchased under these terms, $2,000 for a car with a $6,000+ sticker price (if I remember correctly). It was a very, very low mileage 1967 Camaro RS/SS convertible with the L-78 375 HP 396, solid lifters, four bolt main bearings, a huge Holley, 4-speed, 4:10 positraction rear end. Should have kept it but I moved to Rochester, NY where the salt on the roads rusted it out. What a terrible loss! (In 1967, a Camaro RS/SS convertible with a 396 engine paced the Indianapolis 500.)
After a few years I moved up to new cars. The best new car buy was a '79 L82 Corvette which I kept seven years and sold for only $600 less than I paid for it new. Having a family at one point meant a 1983 GMC diesel conversion van upon which we put a zillion miles. It ended up in Alaska. I suppose I have enjoyed most of my vehicles over the years. To many folks their vehicle is just transportation from point A to point B but to some of us enjoying the journey in a vehicle we love driving matters and we are willing to pay the price.