I have a friend who wets his pants at the thought of buying a used performance car. My used E24 M6 and CPO F22 M240i; both saw the track numerous times during my period of ownership with no mechanical issues. And so far so good three years on with my CPO W205 C43.
Financial graphic comparison of buying a new or used car
- Thread starter GON
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Isn’t it amusing that there was a time when the number, even on Euro cars, represented displacement? Today, a 2024+ C63 AMG Mercedes has a 2.0 liter 4 cyl turbo. Pretty sure it once meant 6.3 liters and V8. Why not call it a C20 AMG, then add the owner’s credit score, to make it a C850 AMG (could even be a C900 in some cases), all the while remaining a 2 liter 4 cyl?
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Well, the CFMoto 700 referred not to the engine's displacement in cubic centimeters, but to the volume of the oil pan in cubic centimeters, if the proud explanation of their representative at the motorcycle show 20 years ago is to be believed...
I am the polar opposite of my dad. He always bought new cars, but kept them 10 years minimum and also bought them well within his income. He bought $20k cars max for 50years.
I buy cheap beater cars and spend time repairing them. Never spent more than 4 grand buying them, and have only had three breakdowns in 15 years of driving.
I never criticized my dad because what he did works, but he has criticized my choices, saying it’s unsafe and unreliable, and that I deserve better. It falls of deaf ears.
I won’t say one peep regarding how much people spend on cars. Unless, they are being financially irresponsible, then I might say something.
I buy cheap beater cars and spend time repairing them. Never spent more than 4 grand buying them, and have only had three breakdowns in 15 years of driving.
I never criticized my dad because what he did works, but he has criticized my choices, saying it’s unsafe and unreliable, and that I deserve better. It falls of deaf ears.
I won’t say one peep regarding how much people spend on cars. Unless, they are being financially irresponsible, then I might say something.
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Again there is no right nor wrong answer but I would say income has some play in the decision factor. Imho if a car is 50% 75%
Or 150% of one’s income, that is not advisable. There are clearly those who are ok with spending a year’s gross salary on a car. I think it should be closer to 25%, that’s me.
Who’s to say a Disney vacation is ok or a ice hockey tournament in Finland? I know folks who do both and buy new cars. They have good incomes as well. Without more information, it can’t be concluded that they are bad people and need counseling from that guy
Or 150% of one’s income, that is not advisable. There are clearly those who are ok with spending a year’s gross salary on a car. I think it should be closer to 25%, that’s me.
Who’s to say a Disney vacation is ok or a ice hockey tournament in Finland? I know folks who do both and buy new cars. They have good incomes as well. Without more information, it can’t be concluded that they are bad people and need counseling from that guy
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