I am sooooo not interested in cars. I drive a falcon 93 wagon. It's a work horse and owes me nothing. bought it at a govt auction 10yrs ago. Cant recall how much. It's the car you dont want to park next to cos ya just know the owner wont care about scratches.
my dream car would be a ute…..to put all my goodies that i collect from garage sales.
For my midlife crisis I bought a honda scooter. 100cc. With 4 kids I was always driving one of them somewhere, usually a 5k radius. Soooo the scooter, i can carry one kid and it costs $5 to fill up!
Me – 2002 MX5 Convertible & I love it! It has brought us so much cheap fun we wouldnt be without it. We bought the car 15 months before our first Ip & yeah if we didnt have this car (which we paid cash for) we could have spent more $ on the IP but we can live with that as this car is the last one I will buy for a very very long time – like all sports cars, they just get better with age. We joined the MX5 car club & have lots of cheap outings with them too so the car has sort of become a form of entertainment for us too.
Partner drives the sensible 'family' car – 2003 Hyundai Elantra (also owned outright).
We know both cars are going to last us for many years & all available $ can now go towards IP's instead of trying to find $ later for cars when we have committed to a few IP's.
And if someone offered me $8k for it I would apply the three point test ….
Are they over 18 Are they mentally competent Do they have the cash!
A true story …..
My brother was born in December and one December we went to his house for a birthday party where he showed us his new Mercedes Benz and I asked him how much it cost and he modestly said $ 3000 a month.
My birthday is in January and during lunch I quietly mentioned that I too had bought a new Mercedes for my birthday and after lunch showed the family my new Benz that I had paid $ 3000 CASH for. Admittedly it was 20 years old and going back into the house my mother whispered to me "ponce value for the dollar I know who has won"
NEWS FLASH – Good news…there are now some great LPG kits for late model V8 Ford's and Holdens – don't belive it can't be done! So we can all run out and get those 'real cars' again……..Downside is the price…..around $4500-5000. Gotta start saving.
I drive a 2005 falcon (company car) getting replaced next month. The wife drives a 2005 Mazda 3.
It's interesting you know, I used to drive 71 falcon, 66 valiant, 91 corolla and longed for the days when I could get into a late model car (like I am now). Now that I have it I realised it isn't as such a big deal as I once thought.
I recently purchased my dream car, I've wanted it for about 15 years and Ironically it's a 79 Moke. Picked it up for next to nothing, costs $15 to fill it up and because it has no doors it is great for driving around and looking at houses for sale. I would rather drive this than either of the new ones. There's nothing like smelling the road kill.
I tend to have adults in the car and it suits my day to day running around in project & development management. Sometimes I could do with a ute or a 4WD for driving on subdivisions but walking is good too and it is not often I need to do this. I look at heaps of cars but don't see the advantage in driving anything else just now. Toyota is cheap to maintain. When it starts to cost me money I will replace but haven't decided what with yet. xtrail, murana or downsize… In the near future I will buy a cheap ute and it will be driven by a labourer I intend to use on a contract basis. So I really won't need to change my car as I will have a ute with labour!
Well cars lose their value as soon as you drive them out the lot, so a smart buisnessman or investor wouldnt necesarily have a lambo or a X5 or something as they are crappy investments, better to drive something economical and put that extra money into the next IP. However, that being said, I have got my eyes set on a Jeep SRT8 when I became wealthy enough which gos against my above comments, but I would try to claim it as some sort of tax break or somehting and wouldnt get it brand new .
Oh, forgot to answer the question, we have a little Hyundai Lantra which we bought for 4 grand with 170k on the clock and have a 99 Nissan Patrol on LPG for weekend getaways and travelling.
And if someone offered me $8k for it I would apply the three point test ….
Are they over 18 Are they mentally competent Do they have the cash!
A true story …..
My brother was born in December and one December we went to his house for a birthday party where he showed us his new Mercedes Benz and I asked him how much it cost and he modestly said $ 3000 a month.
My birthday is in January and during lunch I quietly mentioned that I too had bought a new Mercedes for my birthday and after lunch showed the family my new Benz that I had paid $ 3000 CASH for. Admittedly it was 20 years old and going back into the house my mother whispered to me "ponce value for the dollar I know who has won"
Was that just the repayment? Apparently the REAL cost of owning a car is nearly double the monthly payment. Maybe not in this case, but allow another $1k p/m?
Well cars lose their value as soon as you drive them out the lot, so a smart buisnessman or investor wouldnt necesarily have a lambo or a X5 or something as they are crappy investments, better to drive something economical and put that extra money into the next IP. However, that being said, I have got my eyes set on a Jeep SRT8 when I became wealthy enough which gos against my above comments, but I would try to claim it as some sort of tax break or somehting and wouldnt get it brand new .
Oh, forgot to answer the question, we have a little Hyundai Lantra which we bought for 4 grand with 170k on the clock and have a 99 Nissan Patrol on LPG for weekend getaways and travelling.
Hey the Lambo I want is 29-39 years old.. The cost in the vehicle will be finding one in near concourse condition.
It's interesting you know, I used to drive 71 falcon, 66 valiant, 91 corolla and longed for the days when I could get into a late model car (like I am now). Now that I have it I realised it isn't as such a big deal as I once thought.
IDon
Thats funny – I'm the opposite. Drove an HQ Monaro years ago when I had a fairly new VK Dunnydoor, and I remember wondering how did I ever drive one of the things 'back in the days'. Dove a VL Com when I had a new VT 2 (prior to seeing the light and switching to the blue oval brigade ) and wondered how I ever thought my old VL Turbo handled (went though – heh heh) and I think if you have a nicer car it is good to jump in an old one occassionally so you remember to appreciate what you have worked hard for over the years. IMHO.
I drive a 1998 Hyundi Excel (had it for 6 years) and looove it. It is so reliable, cheap to run, easy to park and it is in good nick. My sons winge about it being a small car though. I do wish it had air bags though.
Husband drives an 1988 Nissan Pulsar hatch which will need to be replaced in a year. I hate driving the Pulsar – it feels like a billy cart and the gear box feels like it came out of a toy car. My husband had a 2nd hand Holden Rodeo for 10 years (before getting the old Pulsar) and it was a great work horse. We really missed not having it.
Dream car would be one those Toyota Prius – just to enjoying feeling 'green' (or at least the idea of it). Other dream car would be some flashy little sports number.
Daihatsu Charade mid 90's model. Paid $3500 with 85,000km on the clock. Have spent next to nothing on repairs in a year, costs $30-$40 a tank and lasts 2 weeks for me.
I love cars and dream to own a Ferrari or Aston Martin or more realistically a Honda S2000 or Skyline GTR… but unlike many others my age, I choose not to make cars a priority in life. I want property, the cars can wait.
Well cars lose their value as soon as you drive them out the lot, so a smart buisnessman or investor wouldnt necesarily have a lambo or a X5 or something as they are crappy investments, better to drive something economical and put that extra money into the next IP.
I dont consider my MX5 an investment in anything other than my lifestyle. I choose to enjoy life at the same time as accumulating wealth – life/work balance is the key to my happiness and my car adds to the 'life' balance!
I have just traded my audi A. 6 on a Mercedes Benz e320. It only has 85,000km. It is a fantasitic car. It is dream to drive and very safe for my family. My wife has a landrover discovery.
2000 Mitsubishi Pajero exceed for me and my husband drives my first new car i brought a 2001 Nissan pulsar we go through about $100 a week in fuel together.
We have/need 2 cars, one is a Mits Mirage. (runs on oily rag) The other is a 93 RS liberty turbo. (the original WRX) Eats oily rags for breakfast, and then drinks BP ultimate for seconds. But i love to drive, so to me this in itself justifies the expense. We did have an 02 STI for a year or so, it stopped us from investing for a while, so it had to go.