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Old 10-16-2009, 01:05 PM
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Join Date: Mar 2009
Location: San Diego
Posts: 3,593
Quote:
Originally Posted by Craig View Post
If I was talking to my kids, I would recommend something that costs no more than about 20% of their annual income (i.e., a $10k used car on a $50k income).
This figure is NOT conservative enough. If you read most financial books, they only recommend you to spend about 5% of your NET WORTH on cars. That is you need to have $1M to buy a $50K MBZ. It would be bad news for the car companies as no one would be driving expensive cars. . But very few people follow the recommendation.

The picture below is one of my daily drivers. Top of the line 300SDL with reclining back seat at 328K. I use Walmart stuffs to maintain it in tip-top conditions. The other DD has 275K is for my wife. It has the same color, smoke silver, but different interior color. We paid peanut for the cars and we only insure them for liability so the running costs is cheap, not to mention we are running on alternative fuel.

If you notice there is another white 300SDL project car behind it. It has the #22 head. It is a spare car but is road worthy, with minor dings and surface rusts.


__________________
Not MBZ nor A/C trained professional but a die-hard DIY and green engineer. Use the info at your own peril. Picked up 2 Infractions because of disagreements. NOW reversed.

W124 Keyless remote, PM for details. http://www.peachparts.com/shopforum/mercedes-used-parts-sale-wanted/334620-fs-w124-chasis-keyless-remote-%2450-shipped.html

1 X 2006 CDI
1 x 87 300SDL
1 x 87 300D
1 x 87 300TDT wagon
1 x 83 300D
1 x 84 190D ( 5 sp ) - All R134 converted + keyless entry.
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