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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Why would someone buy a 70-150k car when a 35k car gets you around just fine? Seems like a waste to me. I have a friend who just bought a Mercedes and I don't think k I could bring myself to do it. I know everyone's values are different but if I got a raise, I would go on vacation and save some. [/quote]

I bought a 1975 450Sl Mercedes  convertible in 1992 for $7,500 and it got totaled in 2012. I had it 20 years, put around $12K worrth of repairs and maint in it over 20 years. My insurance was on average $100 a year as a collector car. When totaled it was appreciated so I got paid out $18,500. I also paid like $25 bucks a year registration and inspection as a classic car.

Net cost was $3,500 to keep it on road with insurance, maint and registration for 20 years. I laughed so hard at neighbors leasing cars for like $350 a month who were impressed at my mercedes. They spend $84,000 on lease payments alone over 20 years.

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this is the most obnoxious post I've read.  You laugh at people that are impressed by you?  It makes you sound more materialistic then you (think) they are.  Someone walks by and says "Wow, nice car."  and you laugh at them for what... being "stupid" enough to buy what's typical and common in the market?  You bought a piece of junk and fixed it up and maintained it.  It became a classic - by definition.

What are you driving now?  Did you dig around craigs list to find another "classic" for $10,000?  If you're driving any type of reasonable car, the joke's on you.  I'm "laughing so hard" at you for totaling your classic car.  Now you're stuck driving a Honda or Nissan or whatever.[/quote]

I like to drive classic cars. They appreciate and have low insurance. I have a 1967 Firebird Convertible now. Turns way more heads than a boring Tesla or Lexus. Best part is I have stated value policies so they appreciate.  400 cubic inches under hood and posi rear. Next recession I want to get a triple black Porsche 911 convertible from 1980s. I also had for five years a 1969 Black Charger like in Fast and the Furious. A 1976 CJ7 with lift kid and screaming chicken on hood, Levi package and a CB whip attenna.

I do buy very late model luxury cars cash to drive to work. I had a super mint five series BMW I bought in October 2008 from a hedge fund manger in Greenwich CT. That was show room and 18 months old, paid cash as he had to sell. Good thing cause when that got totaled it did not depreciate that much. Replaced it with a V series Caddie I drive now. Got it from an 82 year old who bought new but too much power for him, only 4k on odometer.  That thing is sick has a corvette motor in a caddie from factory, it is black on black, a sleeper car.

My Mercedes was already 18 years old when I bought it and 20 qualifies as classic. It is actually a sweet spot to buy collector cars, they bottom out in price around 17-23 years of age and then go up as a classic. Right now the 1980/1990ss Porsche 911s  1980/1990s BMW 3 series convertibles, Pontiac Soltices, Miatas, Buick Grand Nationals  are starting to move up quickly in price.

I owned maybe 20 -25 cars. Bought wife two new ones and daughter one new one. But dont see a reason for straight men to have to buy new.       [/quote]

Let me geuss, you spend one day a wek waxing them  :oops: [/quote]

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