MichaelR: "Don't buy new, buy used!"
Shhh! Don't tell them that, or they'll all cop on and you'll end up paying Irish used-car prices :-)
Oh, and for those of you who've been reading of depreciation-proof boats, think twice before you all go in search of a copy of Practical Boat Owner! Just as there are well built cars and not-so-well built cars, there are well-found boats that hold their value (Westerleys certainly fall in this category) and not-so-well-built boats (often intended for the charter trade) where, in at least one case, you'd need to take an angle grinder to the transom in order to do a major service on the engine at five years old.
So, just like cars, choose carefully!
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Of the several used cars I've had over the years, 2 stand out;
A VW Scirocco I bought of a friend for £1700 which I sold to some Sloanie from Wandsworth for £2.2k 3 years later and my Omega Elite which I bought off eBay for (IIRC) £2.3k and sold again on eBay for £1.2k 4 years later. Though I did spend quite a bit on the Omega, it was still relatively cheap motoring. Wish I'd kept it now.
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Of the several used cars I've had over the years, 2 stand out; A VW Scirocco I bought of a friend for £1700 which I sold to some Sloanie from Wandsworth for £2.2k 3 years later and my Omega Elite which I bought off eBay for (IIRC) £2.3k and sold again on eBay for £1.2k 4 years later. Though I did spend quite a bit on the Omega, it was still relatively cheap motoring. Wish I'd kept it now.
You bought a car on eBay 4 full years ago.. you must have been one of the eBay pioneers....:)
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40K for a car! I can barely breathe after reading that. That's half my mortgage....
I only thought superstars and millionaires paid that for a car. Still for all I know you could be..
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Xantia HDi.
Buy a Citroen and get to know the local GSF staff better...
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I only thought superstars and millionaires paid that for a car. Still for all I know you could be..
Yeah I thought the same thing. Still, I won't spend more than 3 grand on a car, a car is a tool to get you from A to B, not some expensive status statement IMO. I spent more on my TV than my last-but-one car, because it gets more use!
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Yeah I thought the same thing. Still, I won't spend more than 3 grand on a car, a car is a tool to get you from A to B, not some expensive status statement IMO. I spent more on my TV than my last-but-one car, because it gets more use!
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i would never spend that on a t.v......... a t.v. is a tool to allow you to watch t.v. not some expensive status statement IMO
you spend your hard earned dosh on a telly and good luck to you,although it wouldn't be my priority....
i spent a considerable amount on a car.......... it had nothing to do with what the neighbours thought or the chap in the next lane in traffic.... it was because i wanted a nice car........with a load of decent kit in it
i might think your car is a shed, but does it matter
you would probably think my telly is a shed and does that matter...........NO to both
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i would never spend that on a t.v......... a t.v. is a tool to allow you to watch t.v. not some expensive status statement IMO
You don't know how much I spent on the TV!! It was "only" £800, problem was I only spent £700 on the car in question, so yes it was/is (I still have it 4 years later) a shed lol.
i spent a considerable amount on a car.......... it had nothing to do with what the neighbours thought or the chap in the next lane in traffic.... it was because i wanted a nice car........with a load of decent kit in it
Well that's fine but 40 grand? You have to be rich to even contemplate it.
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..I only thought superstars and millionaires paid that for a car. Still for all I know you could be.. ..
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glowplug - billionaires who become billionaires through enterprise (as opposed to millionaires who become millionaires by kicking a football around) drive old cars. see
www.forbesautos.com/advice/toptens/billionaire2006...o
The cars and trucks driven by those in the Top 10 of the 2006 Forbes list was, in short, shocking. You won?t find a Bugatti, Ferrari or BMW driven by these billionaires. But you will find a Lincoln, a Mazda, even a Dodge and a Ford. It seems that for the super-rich, a vehicle is seen not as a status symbol, but as a means to an end in which to get from point A to point B. Status is something that these billionaires need not prove to others. In many cases, the people on our list prefer to live inconspicuously, avoiding the limelight at all costs. This might explain why many of their vehicles cost less than your own daily driver.
the world's richest man (bill gates) - Microsoft founder, philanthropist and self-proclaimed ?nerd? William Gates III vents his software stress behind the wheel of two Porsches. His daily driver, a 1999 Porsche 911 Convertible .... and his other favorite Porsche: a rare (1 of 230) 1988 Porsche 959 Coupe
the world's 2nd richest man (warren buffet) - With a license plate that reads ?THRIFTY,? it could belong to no other than billionaire investor Warren Buffett. The car behind the license plate is also relatively thrifty: a 2001 Lincoln Town Car Signature Series
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As well as loosing thousands on depreciation, I also own a 50" lcd tv.
Guess I'm a glutton for punishment! :)
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You bought a car on eBay 4 full years ago.. you must have been one of the eBay pioneers....:)
eBay has been around at least 10 years, and unfortunately, too many people buy and sell cars on it so less bargains to be had!
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You bought a car on eBay 4 full years ago.. you must have been one of the eBay pioneers....:)
Yes, bought the Omega off the 'bay in May 2002. So almost 4.5 years ago now!
Though going through my records, I sold it in June 2005, so it was more like....
Omega Elite which I bought off eBay for (IIRC) £2.3k and sold again on eBay for £1.2k 3 years later.
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I am really grateful for to people who are so willing to spend money on new quality cars, keep them for me, serviced and and in good running order, until the day comes when I am ready to take delivery. One day the £40,000 car will be mine for £400. Please let me know when it becomes available.
I would also like to thank Mr X, who bought a Triumph Roadster new in 1947 for a collosal £1,000, so that I could buy it in 1967 for £40. Or Mr Y, who paid perhaps £10,000 for a Volvo in 1989 and then gave it to me in 2003 for £100.
Or you could cut out the dealers and middlemen and just give me the £40,000 straight away.
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horses for courses isn't it.........i'm not at all 'hands on' in the slightest and have absolutely no patience... so over the years have accepted i'll have to earn enough to have something new enough to be reliable etc
then after a weary divorce and all the hassle that goes with that........thought........sod it, i can't take it with me, no one knows what's around the corner, so i'll have something nice...... and ever since childhood had dreamed of having a Jaguar.....
it was too easy to put off the dream, i.e too expensive to buy, depreciation, running costs etc... but then i'd have never realised it........
house being paid for via mortgage and pension scheme being paid for.........so although wasteful perhaps, not as bad as it could be
took me 3 months to have the guts to splash the money out........ but 4.5 years later, now that it's only worth about 6-7 grand, do i have any regrets......honestly......
none whatsoever.......... i still get a warm glow when i hop in it..........have no idea how i'm going to renew it eventually, but that's another story.........the pleasure it has given me is immeasurable
my sister wastes her money on horses..........wouldn't be for me, but up to her, if it pleases her and the kids
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A new car is like a suit.
You hope it looks good and wears well, but at the end of the day it's pretty much worthless once you've been round the block in it.
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I've often spent more on a suit than on a car. And my dining table cost me more than all the cars I've bought in my life put together.
I've spent more on a case of wine than the car I bought at about the same time. You can go a long way in a £200 Polo. A bottle of '55 Latour offers more pleasure, but for rather less time.
Funny old world.
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And I would add that my £400 W123 MB gave me more pleasure than any other car, until (as DavidHM kindly reminded us last week) it was pinched by some toerag.
If I wanted a Jaguar, I'd take a budget of £500 to eBay. It might only last a fortnight, but you could buy seven like that a year for the price of your £3,500 pa depreciation, and they wouldn't all disintegrate that quickly.
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Interesting theory Mapmaker, but seven clapped Jags in a year sound a bit tiring... you might get a dignified geriatric that would trundle agreeably around for a while but you'd have to wade through several whited sepulchres to get there, unless very lucky.
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