4 ms·
But $11,783 per year? My new little Hyundai hatchback cost me $12,000 in 2010 and is now around 7.5 years old. So even if it was completely worthless by now (wh
by skrause 8y ago
But $11,783 per year? My new little Hyundai hatchback cost me $12,000 in 2010 and is now around 7.5 years old. So even if it was completely worthless by now (which it isn't) the depreciation couldn't have been more than $1600 per year.
Maybe people should buy cheaper cars.
- ashelmire 8y agoI was thinking about this the other day, and it's really all about status. You don't buy a BMW because you think "this is a great deal and a great piece of engineering, what a great and practical use of my money!". You do it because you want people to know you have a BMW. Which I guess is great if you associate with the kinds of people that care about wasting money on perceived social status, but absolutely doesn't make sense if you care about making a smart financial decision.
- MasterPI 8y agoIt's not all just status. There are people that appreciate the handling and the performance they get driving a BMW. I bought a second hand BMW because I wanted a car that I'd enjoy driving, didn't care about the social status at all.
- philliphaydon 8y ago> There are people that appreciate the handling and the performance they get driving a BMW. My brother was a panel beater and most of his friends mechanics, when growing up I was always told the worst car you could buy was a BMW, they were for people who like to think they have money, but more often than not those people are paying off the car, but it costs more to maintain the car than it does to buy it. Personally if I had the money for a BMW, there's plenty of other cars that are nicer, better performing, and better handling, than a BMW. But I would rather just buy a Toyota and drive it till i died. Those things are cheap and last forever.