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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] In 2005, I bought a 5 year old Camry for 8500. I've had it for 11+!years, and my repairs have been a battery, tires, brakes, and a timing belt. probably something I'm forgetting.

So let's say I'm in for $12.5k and I can sell it for $1.5k. That's $1000 a year I've paid. You guys are spending at least $3600/year leasing, plus whatever your down payment was. Over 11 years that's $40,000+ to my $11k.

Just buy a used Toyota or Honda sedan for under $15k and drive it until it's so old you're embarrassed to be seen in it. 
[/quote]

You can't really compare the two when you are driving a junker, and they are driving new cars every 3 years. [/quote]

[b]Do you think someone who can't afford a $500 monthly payment should be driving new cars every three years? I didn't see the part where OP mentioned she was flush with cash and was too good to drive an older vehicle. [/quote]

Op here.  We can afford a $500 payment.  We make close to 400-450k with no debt except a mortgage.  I would like to avoid driving an older vehicle (unless it's our curent one) because I don't want to deal with the hassle or cost of repairs.  [/quote]
Audi/Bimmer PP here.  We've already addressed the cost issue.  Paying cash for Japanese cars is cheaper no matter how you slice it.  As for the hassle, well, that can go both ways.  I had an S4 for a while (3 year lease) and it left me stranded once and had to be towed once from my home due to a coolant bottle recall issue that Audi called me about and warned me not to drive it (they sent a tow truck).  Know how many times my Japanese cars have left me stranded?   :D  I made more trips to the dealer with the Euro cars than I have to a mechanic with my Japanese cars due to stuff like the above or endless recalls, technology problems, new tires every 20k due to the fancy sticky low profile racing tires, etc.  To me it's just as much of a hassle to drive to the dealer or meet a tow truck for a fancy new European car as it is to take a Japanese car into a mechanic on the rare occasion something goes wrong.  I think you are trying to justify your wish to drive a fancy car and appear like a big shot using financial and reliability metrics, but they simply don't work out that way.  You make a decent income so if you want to drive a fancy car go right ahead.  Just acknowledge it for what it is - a bad financial decision that you are willing to make to appear wealthy.[/quote]

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