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Money and Finances
Reply to "Your income, HHI, and spending on “luxuries”"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]All of us patting ourselves on the back for driving old cars don’t get it, it’s still luxurious because a) we could afford to maintain them and b) if and when they become unreliable, we’ll replace them[/quote] So? It frees up money to spend on other "luxuries" in life. I drove my Luxury big SUV for 12+ years, sold it for ~30% of what I paid for it. Yes, I got rid of it when it started having electrical issues that were going to start costing $$$. But I have an extra $25-40K in my pocket because I didn't get a new car after 4-5 years, not to mention my insurance was cheaper the last 4-5 years because it was an older car. Do that with each vehicle (10+ years instead of 4-5 years) and you have a lot of money to spend on other luxuries. [/quote] But why would anyone get a new car after 4-5 years if it's still running well?[/quote]
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