09-15-2006, 12:48 PM
ok, let's use my car as an example.
-original owner bought for 31k, sold the car for probably 19k four years later... that is 3k a year loss.
-i bought for 21k (i overpaid for exactly what i wanted), and if i were to keep it until it is paid off (4 more years) it will have 110k miles and will likely sell for about 10k... that is 2k a year loss. we all know hondas are bulletproof until 110k miles (cost me $60 in maintenance over the past year)... i'm saving 5k (not mentioning property taxes and insurance) over the course of my ownership.
-original owner bought for 31k, sold the car for probably 19k four years later... that is 3k a year loss.
-i bought for 21k (i overpaid for exactly what i wanted), and if i were to keep it until it is paid off (4 more years) it will have 110k miles and will likely sell for about 10k... that is 2k a year loss. we all know hondas are bulletproof until 110k miles (cost me $60 in maintenance over the past year)... i'm saving 5k (not mentioning property taxes and insurance) over the course of my ownership.
I Am Mike
4 wheels: '01 RAV4 (Formerly '93 Civic CX, '01 S2000, '10 GTI, '09 A4 Avant)
2 wheels: '12 Surly Cross-Check Custom | '14 Trek Madone 2.1 105 | '17 Norco Threshold SL Force 1 | '17 Norco Revolver 9.2 FS | '18 BMC Roadmachine 02 Two | '19 Norco Search XR Steel (Formerly '97 Honda VFR750F, '05 Giant TCR 2, '15 WeThePeople Atlas 24, '10 Scott Scale 29er XT, '11 Cervelo R3 Rival, '12 Ridley X-Fire Red)
No longer onyachin.
4 wheels: '01 RAV4 (Formerly '93 Civic CX, '01 S2000, '10 GTI, '09 A4 Avant)
2 wheels: '12 Surly Cross-Check Custom | '14 Trek Madone 2.1 105 | '17 Norco Threshold SL Force 1 | '17 Norco Revolver 9.2 FS | '18 BMC Roadmachine 02 Two | '19 Norco Search XR Steel (Formerly '97 Honda VFR750F, '05 Giant TCR 2, '15 WeThePeople Atlas 24, '10 Scott Scale 29er XT, '11 Cervelo R3 Rival, '12 Ridley X-Fire Red)
No longer onyachin.