Buying Luxury used cars

411 messages, Last post on Jul 13, 2009 at 11:22 AM

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What is this discussion about? Classic Cars, Coupe, Convertible, Truck, Sedan, Wagon

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#409 of 411 Re: seat comfort... [Mr_Shiftright] by euphonium Jul 13, 2009 (10:45 am)
Replying to: Mr_Shiftright (Jul 12, 2009 8:17 am) Perhaps it is the *frequency* of the repair bills rather than any other reason original owners get frustrated & under emotion rather than reason, trade it off only to buy another yet to be repaired luxobarge. Before letting emotion rule, determine if the first year depreciation and sales tax on a replacement vehicle is more costly than repairing the original. Of course it is, but by how much? Replies to this message: Mr_Shiftright (Jul 13, 2009 11:22 am)
#410 of 411 Re: seat comfort... [euphonium] by Mr_Shiftright HOST Jul 13, 2009 (11:22 am)
Replying to: euphonium (Jul 13, 2009 10:45 am) I often tell people to add up and average 12 to 24 months of repair bills, and if that monthly average equals 1/2 of the cost of a new car monthly payment, or even lease payment, (+ lease cap reduction costs) it's really time to bail out. So if you're pumping $300 a month into that old luxo-barge, maybe that's not a good idea anymore. The last half of a car's long life is rarely the best half.

#409 of 411: Re: seat comfort... [Mr_Shiftright] by euphonium; Jul 13, 2009 (10:45 am)

Replying to: Mr_Shiftright (Jul 12, 2009 8:17 am)

Perhaps it is the frequency of the repair bills rather than any other reason original owners get frustrated & under emotion rather than reason, trade it off only to buy another yet to be repaired luxobarge.

Before letting emotion rule, determine if the first year depreciation and sales tax on a replacement vehicle is more costly than repairing the original. Of course it is, but by how much?

Mr_Shiftright (Jul 13, 2009 11:22 am)

#410 of 411: Re: seat comfort... [euphonium] by Mr_Shiftright HOST; Jul 13, 2009 (11:22 am)

Replying to: euphonium (Jul 13, 2009 10:45 am)

I often tell people to add up and average 12 to 24 months of repair bills, and if that monthly average equals 1/2 of the cost of a new car monthly payment, or even lease payment, (+ lease cap reduction costs) it's really time to bail out. So if you're pumping $300 a month into that old luxo-barge, maybe that's not a good idea anymore.

The last half of a car's long life is rarely the best half.