Looking to buy a brand new car
#21
Guest
Posts: n/a
Re: Looking to buy a brand new car
Yes, but you might have paid more for it in the first place so the
actual depreciation might not be much different. i.e. 75% of 17k is
12.75k, 50% of 25k is 12.5k. It's the actual cash that counts, not the
%age depreciation.
actual depreciation might not be much different. i.e. 75% of 17k is
12.75k, 50% of 25k is 12.5k. It's the actual cash that counts, not the
%age depreciation.
#22
Guest
Posts: n/a
Re: Looking to buy a brand new car
Yes, but you might have paid more for it in the first place so the
actual depreciation might not be much different. i.e. 75% of 17k is
12.75k, 50% of 25k is 12.5k. It's the actual cash that counts, not the
%age depreciation.
actual depreciation might not be much different. i.e. 75% of 17k is
12.75k, 50% of 25k is 12.5k. It's the actual cash that counts, not the
%age depreciation.
#23
Guest
Posts: n/a
Re: Looking to buy a brand new car
Dave wrote:
> > Why? Buying a car is not an investment decision. Cars cost money, and
> > the amount of marginal loss on the end of the life cycle of the car
> > (life cycle as defined by the purchaser) will be very small in
> > comparison to the original depreciation.
> >
> > How a car drives, how it fits your driving style, and what your
> > expectations of reliability are make much more difference.
>
> To a certain extent your second paragraph is true but when spending my own
> money I was as much back as possible when I sell on.
So, under your definition of life cycle, the price difference means
something. I don't look to sell my cars. I look to *drive* them. And
will drive them until their resale value is about 5-10% of the orginal
purchase price. And at that resale value level, there is really not
much difference.
E.P.
#24
Guest
Posts: n/a
Re: Looking to buy a brand new car
Dave wrote:
> > Why? Buying a car is not an investment decision. Cars cost money, and
> > the amount of marginal loss on the end of the life cycle of the car
> > (life cycle as defined by the purchaser) will be very small in
> > comparison to the original depreciation.
> >
> > How a car drives, how it fits your driving style, and what your
> > expectations of reliability are make much more difference.
>
> To a certain extent your second paragraph is true but when spending my own
> money I was as much back as possible when I sell on.
So, under your definition of life cycle, the price difference means
something. I don't look to sell my cars. I look to *drive* them. And
will drive them until their resale value is about 5-10% of the orginal
purchase price. And at that resale value level, there is really not
much difference.
E.P.
#25
Guest
Posts: n/a
Re: Looking to buy a brand new car
Dave wrote:
> > Why? Buying a car is not an investment decision. Cars cost money, and
> > the amount of marginal loss on the end of the life cycle of the car
> > (life cycle as defined by the purchaser) will be very small in
> > comparison to the original depreciation.
> >
> > How a car drives, how it fits your driving style, and what your
> > expectations of reliability are make much more difference.
>
> To a certain extent your second paragraph is true but when spending my own
> money I was as much back as possible when I sell on.
So, under your definition of life cycle, the price difference means
something. I don't look to sell my cars. I look to *drive* them. And
will drive them until their resale value is about 5-10% of the orginal
purchase price. And at that resale value level, there is really not
much difference.
E.P.
#26
Guest
Posts: n/a
Re: Looking to buy a brand new car
The message <1138387152.202045.38380@o13g2000cwo.googlegroups. com>
from "Ed Pirrero" <gcmschemist@gmail.com> contains these words:
> I look to *drive* them. And
> will drive them until their resale value is about 5-10% of the orginal
> purchase price.
Why stop then? I run 'em into the ground - when I've finished you can't
even give 'em away.
--
Skipweasel
Si hoc legere scis nimium eruditionis habes.
from "Ed Pirrero" <gcmschemist@gmail.com> contains these words:
> I look to *drive* them. And
> will drive them until their resale value is about 5-10% of the orginal
> purchase price.
Why stop then? I run 'em into the ground - when I've finished you can't
even give 'em away.
--
Skipweasel
Si hoc legere scis nimium eruditionis habes.
#27
Guest
Posts: n/a
Re: Looking to buy a brand new car
The message <1138387152.202045.38380@o13g2000cwo.googlegroups. com>
from "Ed Pirrero" <gcmschemist@gmail.com> contains these words:
> I look to *drive* them. And
> will drive them until their resale value is about 5-10% of the orginal
> purchase price.
Why stop then? I run 'em into the ground - when I've finished you can't
even give 'em away.
--
Skipweasel
Si hoc legere scis nimium eruditionis habes.
from "Ed Pirrero" <gcmschemist@gmail.com> contains these words:
> I look to *drive* them. And
> will drive them until their resale value is about 5-10% of the orginal
> purchase price.
Why stop then? I run 'em into the ground - when I've finished you can't
even give 'em away.
--
Skipweasel
Si hoc legere scis nimium eruditionis habes.
#28
Guest
Posts: n/a
Re: Looking to buy a brand new car
The message <1138387152.202045.38380@o13g2000cwo.googlegroups. com>
from "Ed Pirrero" <gcmschemist@gmail.com> contains these words:
> I look to *drive* them. And
> will drive them until their resale value is about 5-10% of the orginal
> purchase price.
Why stop then? I run 'em into the ground - when I've finished you can't
even give 'em away.
--
Skipweasel
Si hoc legere scis nimium eruditionis habes.
from "Ed Pirrero" <gcmschemist@gmail.com> contains these words:
> I look to *drive* them. And
> will drive them until their resale value is about 5-10% of the orginal
> purchase price.
Why stop then? I run 'em into the ground - when I've finished you can't
even give 'em away.
--
Skipweasel
Si hoc legere scis nimium eruditionis habes.
#29
Guest
Posts: n/a
Re: Looking to buy a brand new car
On Fri, 27 Jan 2006 18:49:37 GMT, Guy King <guy.king@zetnet.co.uk> wrote:
>The message <1138387152.202045.38380@o13g2000cwo.googlegroups. com>
>from "Ed Pirrero" <gcmschemist@gmail.com> contains these words:
>
>> I look to *drive* them. And
>> will drive them until their resale value is about 5-10% of the orginal
>> purchase price.
>
>Why stop then? I run 'em into the ground - when I've finished you can't
>even give 'em away.
You should try to time their demise so they die on the lot. These days if you
can just get the smoldering hulk to the dealer the marque will toss in at
least a grand extra off the price of a new vehicle, even if the old one is
destined to the crusher...
Cheers
/daytripper
'00 s4 6spd
>The message <1138387152.202045.38380@o13g2000cwo.googlegroups. com>
>from "Ed Pirrero" <gcmschemist@gmail.com> contains these words:
>
>> I look to *drive* them. And
>> will drive them until their resale value is about 5-10% of the orginal
>> purchase price.
>
>Why stop then? I run 'em into the ground - when I've finished you can't
>even give 'em away.
You should try to time their demise so they die on the lot. These days if you
can just get the smoldering hulk to the dealer the marque will toss in at
least a grand extra off the price of a new vehicle, even if the old one is
destined to the crusher...
Cheers
/daytripper
'00 s4 6spd
#30
Guest
Posts: n/a
Re: Looking to buy a brand new car
On Fri, 27 Jan 2006 18:49:37 GMT, Guy King <guy.king@zetnet.co.uk> wrote:
>The message <1138387152.202045.38380@o13g2000cwo.googlegroups. com>
>from "Ed Pirrero" <gcmschemist@gmail.com> contains these words:
>
>> I look to *drive* them. And
>> will drive them until their resale value is about 5-10% of the orginal
>> purchase price.
>
>Why stop then? I run 'em into the ground - when I've finished you can't
>even give 'em away.
You should try to time their demise so they die on the lot. These days if you
can just get the smoldering hulk to the dealer the marque will toss in at
least a grand extra off the price of a new vehicle, even if the old one is
destined to the crusher...
Cheers
/daytripper
'00 s4 6spd
>The message <1138387152.202045.38380@o13g2000cwo.googlegroups. com>
>from "Ed Pirrero" <gcmschemist@gmail.com> contains these words:
>
>> I look to *drive* them. And
>> will drive them until their resale value is about 5-10% of the orginal
>> purchase price.
>
>Why stop then? I run 'em into the ground - when I've finished you can't
>even give 'em away.
You should try to time their demise so they die on the lot. These days if you
can just get the smoldering hulk to the dealer the marque will toss in at
least a grand extra off the price of a new vehicle, even if the old one is
destined to the crusher...
Cheers
/daytripper
'00 s4 6spd