New Luxury Car Prices Are Outrageous, Never Buying One Again
New luxury car prices are way too high
New Luxury Car Prices Are Outrageous, Never Buying One Again Read More »
New luxury car prices are way too high
New Luxury Car Prices Are Outrageous, Never Buying One Again Read More »
In December 2016, I purchased a 2015 Range Rover Sport with 10,800 miles. At the time, I had been driving a Honda Fit but sought a larger vehicle as my wife was expecting in early 2017. Today the car has 52,500 miles. During the purchase, the option to acquire an extended car warranty was presented,
An Extended Car Warranty Is Probably Not Worth The Cost Read More »
I used to think that owning a 10-year-old vehicle was a wonderful financial accomplishment. It signaled frugality, discipline, and appreciation for what you have. However, the latest average age of U.S. vehicles from an S&P 500 Global Mobility report shows Americans are keeping their vehicles much longer than ten years or buying older vehicles on
The Average Age Of U.S. Vehicles Keeps Going Up Read More »
As someone who is planning to buy a new car by 2025, I’m having second thoughts. With the average new car price at almost $50,000, it seems like only the rich can buy new cars today! Think about it. If you follow my 1/10th rule for car buying, you need to earn $500,000 to buy
Only The Rich (Or Fools) Can Afford To Buy New Cars Today Read More »
A recent experience made me realize the best time to own the nicest car you can afford is when you have children. The nicer the car, the safer the car usually is. Although there’s a nice mental health benefit to driving an old beater, I’m willing to spend up as a father in my 40s
The Best Time To Own The Nicest Car You Can Afford Read More »
If you’re thinking about driving a cheap old car, I think you should. The benefits of driving one far outweigh the joy of driving an expensive new car. Something disappointing happened on the last day of our Lake Tahoe vacation. After loading up the car I swung around to the driver’s side. There, I saw
The Biggest Benefit Of Driving A Cheap Old Car: Better Mental Health! Read More »
Before I was addicted to real estate, I was addicted to cars. At one point, I had owned eight cars over a 10-year period. And out of those eight cars, one was considered a luxury automobile: the Mercedes G500. Buying a G-Wagon in 2002 was one of my biggest financial regrets. Thankfully, once I became
A Surprising Benefit Of Driving A Luxury Automobile You Might Not Realize Read More »
Despite being a shareholder in Tesla stock since early 2018, I’ve held off on buying an electric vehicle. With limited funds, it always felt better to invest $50,000 in the stock for potential profit than spend $50,000 on a base-model Tesla car. Besides, I had just bought a 2015 Range Rover Sport in December 2016
Getting An Electric Vehicle May Finally Be Worth It Read More »
When it comes to cars, buyer’s remorse is the worst because there’s no return policy. Once you buy your car, it steadily depreciates in value over time. If you buy a new car, the depreciation curve over the next three years is the steepest. Therefore, you had better buy a car you really love, responsibly.
How To Avoid Buyer’s Remorse When Purchasing An Expensive Vehicle Read More »
In my 20s, I was a car fanatic. I’d trade cars every one or two years because it was fun. I loved to haggle with strangers to try and get the best deal possible. As I grew older and wealthier, my interest in cars waned. Today, I believe the ideal length of time to own
The Ideal Length Of Time To Own A Car Is Not Forever Read More »