Talk of The Villages Florida - View Single Post - SUVs Not To Buy. Vehicles With The Worst Depreciation.
Thread: SUVs Not To Buy. Vehicles With The Worst Depreciation.
View Single Post
 
Old 04-16-2021, 08:09 PM
bobdeb's Avatar
bobdeb bobdeb is offline
Senior Member
Join Date: Apr 2017
Posts: 286
Thanks: 105
Thanked 284 Times in 115 Posts
Default
Quote:
Originally Posted by manaboutown View Post
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.
Omg, what a sweet ride...