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I hear you buddy!
Posted by Dr. Eric Strauss (more from Dr. Eric Strauss) on Sun, 10 Nov 2002 16:40:48
In Reply to: Yearly mileage...30,000 miles..what's yours...?, Golden900, Sun, 10 Nov 2002 15:37:24
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Hi Golden900
I am in a similar position. I put at least 30k on my cars each year. When I was single, I did the two cars leasing thing with 15K/year on each car. It worked well because I could lease a sports cars (BMW's Preludes, 300Z's) and a 4x4 for my research (I am a field biologist). I took the truck in winter weather. Now that I have a family, I am swooning over the cost of three vehicles - so we are sticking with two. So I am buying my commuter cars and still leasing my 4x4's - which my wife drives locally (although she is seeking a used Z3 to satisy her wanton cravings for heel-and-toe chicanery). I sell/trade my cars at the 60K mark while they still have some value (BMW's and Honda's have always fetched high resale - my Audi's were not so good, God help me on my '02 Aero as it was heavily discounted to begin with - I'll probably do better donating the car and taking a tax write-off).
If you use your car in your work - you can depreciate the asset and claim a deduction - so I figure that I am buying my sports cars on 75 cent dollars - which helps. I also admit that I spend more waking hours in my car than in my house (during the week) - so I am going to enjoy my cars ( my targic inside joke is that my hobby is - driving to work - thank God for NPR). By the way, the new Infinity G35 coupe seems like a killer option for my spring '04 purchase. I am betting that the market will ignore this car, just like the G35 sedan that is already being discounted in the northeast...
I have toyed with the idea of an E300 turbo diesel and keeping it for 300,000 miles - but the truth is - I think I like having new cars (sorry to admit to such hubris). And, in my neighborhood, folks know about my cars and I usually have no trouble selling them. Buyers stay in touch and I see the cars often (I store snow tires for some of my ex-cars)
Oh jeez, I'll stop now before someone notifies the authorities...
Eric
posted by 24.60.216...
Posts in this Thread:
- Yearly mileage...30,000 miles..what's yours...?, Golden900, Sun, 10 Nov 2002 15:37:24
- ALL new cars depreciate horribly... 26,000 miles here, Scott Paterson
, Sun, 10 Nov 2002 20:14:49 - Re: Yearly mileage...30,000 miles..what's yours...?, wik, Sun, 10 Nov 2002 19:04:03
- I hear you buddy!, Dr. Eric Strauss, Sun, 10 Nov 2002 16:40:48 <-- Viewing This Message
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