My $8500/year mod budget is buying a new car every year. Can your modded car keep up with my new car?
How long until my constantly new car just flat out becomes “better” *overall* than your well loved, washed, waxed, babied, modded vehicle that you buy with plans of owning 10 years?
I...
Well...I was here to ask if the Gladiator would actually hold its value that well. I believe some vehicles would.
This says a Wrangler drops 30% in 5 years:
https://www.iseecars.com/cars-that-hold-their-value-study
If this is right, 30% of $40k would be $12,000 over 5 years. So how much...
The first one. I write a check for say $50,000. Drive the car a year and sell it.
Hopefully I come out losing less than $8500 for the year. The $8500 includes all taxes/fees but doesn’t include insurance as I would buy that anyway.
If it works and I could average $8500/year, I’d be out...
You’re right. Who wants to do it? I don’t off road...she’ll be a low mileage mall crawler. I’ll even let you drive her a weekend every month. At the end of my 1 year “lease” you agree to purchase her at a prearranged price. Let’s say $6500-7500 less than my out the door price.
I believe the companies that handle the rental process provide insurance. One of them I glanced at takes something like a 15% cut for insurance...$150 = $127.50
$8,500 is a nice number because the great cars in the $50-60k range can hit this. Allowing for a bigger depreciation budget is great and all but the return on investment (time/work/money ratios) seems to slip a bit once you start going much above $60k or so. That amount of money can buy a hell...
I’m kinda thinking the other way...how about someone here sells me their loaded Rubicon for about $5k less than I’d currently pay brand new. Maybe a Sport S for $35k or so.
Here’s my math..
$55k purchase + $1500 in misc fees/taxes = $56,500
Insurance is something I’d pay on any vehicle.
To lose no more than say $8500 I’d need to fetch $48k for the vehicle. That would likely be tough as you said.
To throw a huge wrench into things, there’s also the...
I can’t find any 1 year leases...Google says they would be way expensive.
I like the idea of owning even if it costs me $200 extra per month. I figure most leases would run me $500 month which is $6,000/year pissed away. Maybe I can piss away $8500/year and own?
I would be driving the vehicle less than 8500 miles per year which may be something people aren’t considering.
That’s much less than the typical ~15,000 miles per year which should = higher resale value.
Well, I’ve done well and I’m retired in my 30s. I’ve driven a Prius for the last 11 years.
I want to drive a different new/cool vehicle every year for the rest of my life!
My budget is $8500/year. So in essence I’m willing to throw away $8500/year if it allows me to drive a...