Quote:
Originally Posted by Strife
However, I looked at the economics, and even with gas at $4.00/gallon, it's cheaper for me to drive my fairly easy to understand and repair 380SL, which I like, than a newer, quickly-depreciating, unfixable car that I probably would like less.
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Yeah, there's that. I figured out that my Acura (bought new in 2001, sold years later with 77K miles) cost me 27 cents per mile in depreciation. Gas, tires, insurance, maintenance, and the one repair job it needed would all go on top of that. All totaled it probably ran me around 60+ cents per mile.
My 450SL is all paid for. The money I've put into repairs and paint have made it worth more, and it isn't going to depreciate much unless something really radical happens to the gas situation. With what I've been getting for gas mileage and what I pay for insurance it's costing me about 35 cents per mile, vs. the 60+ cents per mile of my brand new Acura. Not bad.