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Cars and Transportation
Reply to ""luxury" cars - why? "
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[quote=Anonymous][quote=Anonymous] 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. [/quote] IIRC, if your car is registered as a classic, it can't be your daily driver. How many miles did you put on it a year?[/quote]
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