Need advice for a second car

[Zimm]

I've gone for the, 'just put up with the first one you bought and keep it as a fixer upper'. After all, you never get your money back and they don't go up in value with age either.

Funny thing is, the value of the “luxury” car may drop, but it doesn’t know it, and the Maintence requirements are more, and more expensive parts to boot.

There’s intersection of the curves where taking the depreciation hit and getting a new model economy model is cheaper.

Not that I’ve actually done that. I impulse buy. Frequently.

Cars of course, this is all about cars.

 

[Jeremy996]

Having spent a happy day at the NEC Classic Car Show, with my wife, I'm not sure that CRH's 'just put up with the first one you bought and keep it as a fixer upper'. After all, you never get your money back and they don't go up in value with age either." tells the whole story.

( I might be allowed to buy a Peugeot 106 Rallye, as she had one in the mid '90s and we both agreed it was the car we should not have sold. The only problem is a good one is more than the new price in 1994)

 

[CRH]

Having spent a happy day at the NEC Classic Car Show, with my wife, I'm not sure that CRH's 'just put up with the first one you bought and keep it as a fixer upper'. After all, you never get your money back and they don't go up in value with age either." tells the whole story.

( I might be allowed to buy a Peugeot 106 Rallye, as she had one in the mid '90s and we both agreed it was the car we should not have sold. The only problem is a good one is more than the new price in 1994)

OK,. Some good up, but it's either you never used it so got no value out of it, or you spent more one restoration than the end value. Then there are the Ferrari & Porsche model's that you can't purchase unless you are already a good customer, so you got hammered on those one's or spent more on services.
If you truly want a car to be worth more than spend then get one someone else has spent the money on at the bottom of the curve and then sell it.
My point is, you bought something because you liked it, therefore use it, enjoy it and keep it. Don't even hope it will go up in value. They go up after hitting rock bottom by which time you never got to enjoy it and now it's too good or precious to do so

 

[crashnburn]

Having spent a happy day at the NEC Classic Car Show, with my wife, I'm not sure that CRH's 'just put up with the first one you bought and keep it as a fixer upper'. After all, you never get your money back and they don't go up in value with age either." tells the whole story.

( I might be allowed to buy a Peugeot 106 Rallye, as she had one in the mid '90s and we both agreed it was the car we should not have sold. The only problem is a good one is more than the new price in 1994)

I've been on the hunt for a Lancia Integrale that I can build as a rally car.

 

[Rupert]

Boy, you and I are on completely different planets!!!

But in all seriousness I do agree with you in this instance. I just otherwise have a vehicle hoarding issue.

I totally get the addicted to vehicles comment. I started attending HOVA (Hooked on Vehicles Anonymous), sold my ’66 Cadillac Convertible, and ’97 LR Defender 110, Land Cruiser was totaled. Thinning the herd! Still maintaining a ’66 Chevy Stepside, 2018 Ford F-250 Crew Cab, 2023 Porsche 911 Cabriolet, 2024 Ineos Grenadier, and 2023 Porsche Cayenne. I all in the Mercedes Gl and Porsche Macan of my two daughters, only because I always get the calls when they are dropping them off service and ask what they should actually have done.

ANNML, being in Phoenix, whatever you do get something with a robust A/C system. How about a Mini Cooper? Economical, great A/C, sporty and fast as well.