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Classic Cars Buying Luxury used cars
411 messages, Last post on Jul 13, 2009 at 10:22 AM
You are in the Classic Cars Forum. Your Host is mr_shiftright
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Replying to: lemmer (Jan 08, 2009 6:36 am) Ouch! A friend gave me the same reason for selling his almost-new Jaguar 20 years ago, except he was referring to the car payment on the Jaguar. 
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Replying to: lemmer (Jan 08, 2009 6:36 am) One of my friends bought a used 2002 or so BMW 5-series, as a 40th birthday present to himself back in 2007. I think it only had around 25-30,000 miles on it. Almost immediately, I think he had to sink a couple grand into it. I forget what exactly the issues were, but one of them was water leaking into the interior! I've ridden in it a few times. Nice car. I can definitely see the appeal of them. I especially like the way that it somehow manages to give you good road feel, yet a smooth ride at the same time. Usually a car will give you one at the expense of the other. And some cars aren't very good at either!
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Replying to: andre1969 (Jan 08, 2009 6:55 am) He still keeps the car out back though, he loves it so much.
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Replying to: Mr_Shiftright (Jan 08, 2009 8:37 am) Wow, that's a crazy amount of money to blow on maintenance/repairs over the first 10 years of a car's life! FWIW, my Intrepid has run me about $30K over the course of the 9 years I've had it. But then that total includes the purchase cost of the car! What would that 750i have cost new? About $80-90K? Too blue for my blood but hey, if you can afford it, why not?
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Replying to: andre1969 (Jan 08, 2009 9:26 am) Today it is worth less than $10K so if you include depreciation, the car has cost perhaps $100,000 in ten years for 100K miles, so about $1 a mile. That's about par for high end cars. A Ferrari would cost easily $1.50 a mile to drive if not more. |
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Replying to: gmpatriot (Jan 07, 2009 4:15 pm) |
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...a very high-mileage 1986 Mercedes 420SEL for only $1,500. I'm pretty sure it would've financially killed me as I'd have poured a lot of money into it just to meet my standards as a beater car.
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Replying to: lemko (Jan 08, 2009 1:44 pm) I hope someone gives you a free 1956 Cadillac that needs 'just a little work'. If I'm really mad, I change it to Jaguar! 
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Replying to: lokki (Jan 08, 2009 2:36 pm) "You will have very good days with this car, and you will have very bad days with this car".
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Replying to: Mr_Shiftright (Jan 08, 2009 2:41 pm) One of the more knowledgeable "admirers" quipped, "You may have bought it cheap, but you have only just begun to pay for it". 
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