Quote:
Originally Posted by Hatterasguy
Meh, not surprising. Although buying new and keeping it until it gets junked is the best way to do it. This way the previous owner doesn't get a chance to screw it up. My dentist does that, right now he has owned his 2000 S430 since it was new, in a few years he will probably buy a new SL as a daily and turn the S430 into his boat car/beater.
My friends dad does this with Lexus, he buys new and drives them until 250k-300k miles and donates or junks them. He just junked his wife's Honda Odyssey, 260k miles and the 3rd trans was starting to go south, it wasn't worth another 3k rebuild.
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What the "HIGH-ROLLERS" ignore is the beating the vehicle takes in it's first 3 years. There's NO way to get around throwing tens of thousands of dollars in money away.
Further, those dollars can never ever be recouped. Balance sheet millionaires can afford to throw that kind of money away without repercussion - if they're really net worth millionaires, that is. Many are not....they just "act rich," totally basing their new automobile purchase on being; "income affluent," not "balance sheet affluent."
Just like nearly everyone else (almost 9 out of 10 people) driving a newish Mercedes.....are not balance sheet millionaires...