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Value of a Car - Page 2

Blogs > thedeadhaji
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thedeadhaji *
Profile Blog Joined January 2006
39489 Posts
February 28 2012 03:33 GMT
#21
On February 28 2012 02:14 rotinegg wrote:
If I were to spend more than 30k~40k USD for a car, it would be purely for the status factor. Status isn't everything, but it's certainly important for me. Don't need a car at the moment so haven't looked much into how much cars cost, but when I move in the next few months, I will need one, and I'm willing to shell out to buy a lexus/audi-type sedan.

To me, balancing finances with amenities is part of living a good, happy life, and I'm against skewing that balance towards either end of the spectrum.


ya, works if you're able to afford it
(and I afford it, I mean [i]really[i] afford it in the sense that the money is almost trivial to you)

On February 28 2012 02:58 TheKefka wrote:
Show nested quote +
On February 28 2012 02:09 tofucake wrote:
On the other hand, spending $20,000 on a car that will last forever (I'm looking at you, Toyota Hilux) is worth the investment, I think.


Thing is,the cars that will "last forever" have usually one of 2 downsides.
They either cost a lot of money(new ones),or they are quite old(like the Toyota Hilux that you linked) and usually spend a lot of gas.
For instance this is the car that I drive + Show Spoiler +
[image loading]
(Mitsubishi Pajero).
I got the car from my dad when I got my license.This thing is virtually indestructible.
He bought it when I was born(20 years ago),it has almost 450 k kilometers under its wheels,was in a war ,has gone through some heavy off road abuse and still shows no signs of breaking down(My mother for instance drives a Kia Sorento,about 3 years old now,the car was at the repair shop quite a few times the last 2 years because of the most random problems,my car was at the shop for 3 things as far as I can remember:tire exchange,registration checkup and a rusty muffler after 17 years)
The thing is it gulps up about 12 liters per 100 and the car isn't ofc the prettiest thing on the street.
I drive it only out of necessity so yea,really good cars always cost one way or the other:D


Hilariously awesome!

On February 28 2012 03:27 Tryndamere wrote:
Don't get a car unless you have a secure job. Try commute if possible or car pool. Car is more than just a car, it is a money sink. There are a lot of retards who like to showboat. They buy an expensive car like BMW, Lexus, Benz etc.. just to show off or impress chicks. In the end they are in shit load of debt and pay shit load of insurance + premium gas and shit.

People need to realize it is not just about owning buying a car, it is about all the shit that comes with the car, the insurance, the gas, the maintenance etc... it is very expensive. Don't be like those retards who buy to impress and who buy in impulse.


So true, so true.

On February 28 2012 05:14 DanLee wrote:
If you are asking why people like these tertiary values in cars. Simply put, girls like nice cars...


Do they like nice cars? Or do they like the rich folks driving the nice cars? ^^

On February 28 2012 06:20 ziggurat wrote:
I have a pretty nice car, I spent a lot of money on it, I feel like it was a good purchase because I spend about 30 minutes driving in to work in the morning and about 30 minutes driving home at the end of the day, 5 days a week. Sometimes I think about how I could have got a cheaper car for 1/3 the price. But honestly every time I get into the driver's seat I actually feel pleasure. That's gotta be worth something.


Definitely worth something. But that something should make sense for the particular person's financial status.

On February 28 2012 08:33 slam wrote:
I disagree with this paragraph:

"It's honestly rather simple. Because I personally value my safety over pure economy of transportation, I choose to drive a firmly built, rigid, heavy vehicle. These tend to be a bit more expensive than the typical Asian super-mileage cars, but to me, the increased safety is worth the money. But on the other hand, I don't spend more money than this to attain the more peripheral benefits of a car."

The only thing you really need to be scared of in smaller cars is bigger cars. I know that it isn't very realistic but if everyone where to have smaller cars then you would no longer need a bigger car to be safe. It just kinda pisses me off when a mom gets her airhead 16yo daughter a giant suburban so that she can be "safe", when in reality all that she is doing is putting everyone else on the road (in more "dangerous" cars) at risk.

Personally I ride a motorcycle or use public transportation. Motorcycles are great, you can get a really nice motorcycle for less than $5,000 and you save so much money on gas/insurance. Yes, they are not very safe but what's the point of living without a little bit of risk Plus they're just so much fun I find them to be completely worth the risk. I've been in a crash and I still ride.

EDIT: I checked out the main blog. The piece you wrote about sleep was so true. My sleep cycle is so f-ed up. ._.


Definitely not denying that it's a selfish choice. But selfish choices reign in a selfish world
thedeadhaji *
Profile Blog Joined January 2006
39489 Posts
February 28 2012 07:53 GMT
#22
ACtually one thing to consider very seriously is whether your own justifications for buying a somewhat expensive car is truly justified with your own logic, or you're just trying to force a justification to avoid/resolve post-purchase cognitive dissonance.
Divinek
Profile Blog Joined November 2006
Canada4045 Posts
February 28 2012 08:25 GMT
#23
Until I'm loaded cars will be purely for getting from point A to point B successfully. Also I always enjoy your blogs Haji, gives me something different from what I usually see in TL. So ty
Never attribute to malice that which can be adequately explained by stupidity.
Oh goodness me, FOX tv where do you get your sight? Can't you keep track, the puck is black. That's why the ice is white.
thedeadhaji *
Profile Blog Joined January 2006
39489 Posts
February 28 2012 08:33 GMT
#24
On February 28 2012 17:25 Divinek wrote:
Until I'm loaded cars will be purely for getting from point A to point B successfully. Also I always enjoy your blogs Haji, gives me something different from what I usually see in TL. So ty


Agreed. I drive a 10 year old car that was originally bought by my family. I want to drive it for at least another 5 years, if not longer.

ALso, thanks for the compliment
theBALLS
Profile Blog Joined July 2011
Singapore2935 Posts
Last Edited: 2012-02-28 08:43:36
February 28 2012 08:42 GMT
#25
On February 28 2012 02:50 Mementoss wrote:
Show nested quote +
On February 28 2012 02:24 theBALLS wrote:
An average car (say Toyota Corolla) costs about USD 80k in my country.

-_- That is insane lol. Over triple what it costs here in Canada. I wonder what an actual sporty car would cost over there? 250k?

And yeah I agree with the OP. You should buy a car that suites all of your needs in what you can afford, and first you should judge whether other forms of transportation are good enough for your needs. Really expensive cars, are for rich people lol.

An higher end SLK or something in that range costs about USD300,000.

It's insane.

EDIT: Audi R8 about 500K
If you lose the stick, you'll always have theBALLS.
thedeadhaji *
Profile Blog Joined January 2006
39489 Posts
February 28 2012 09:02 GMT
#26
On February 28 2012 17:42 theBALLS wrote:
Show nested quote +
On February 28 2012 02:50 Mementoss wrote:
On February 28 2012 02:24 theBALLS wrote:
An average car (say Toyota Corolla) costs about USD 80k in my country.

-_- That is insane lol. Over triple what it costs here in Canada. I wonder what an actual sporty car would cost over there? 250k?

And yeah I agree with the OP. You should buy a car that suites all of your needs in what you can afford, and first you should judge whether other forms of transportation are good enough for your needs. Really expensive cars, are for rich people lol.

An higher end SLK or something in that range costs about USD300,000.

It's insane.

EDIT: Audi R8 about 500K


what the... jesus.
What would happen if you bought a SLK (around 100k in the states) and imported it? Would you still get taxed to the balls? (no pun intended, lol)
Manifesto7
Profile Blog Joined November 2002
Osaka27174 Posts
February 28 2012 09:14 GMT
#27
For me the stage of life is more important than just the financial question, although they do go hand in hand.

All three of my best friends out of high school started off their life anywhere from 4k to 17k in debt because they wanted to buy a car. Not a crippling sum now, but then? Not only did it ruin the financially because of their low wages, they also missed out on doing things like travel and events because of how bound they were to their car. My one friend had never been on an airplane until he was 24! In addition, it set them up with some really poor money habits, where they saw loans as the norm rather than saving.

Having a car is necessary for most people but the later you can get away with making a substantial investment in one the better. It automatically sets you back so much so much money and the earlier you buy the greater percentage of your wage it consumes.

My old man advice? Honestly, buy in cash. That. Is when you know you are truly read for the car. From then on, everything you were saving per month to buy the car can be transfered to the monthly expences, and you aren't faving the double burden of expences plus car payment. Otherwise by the time you pay it off, you feel like you have just bought an old car.
ModeratorGodfather
QuanticHawk
Profile Blog Joined May 2007
United States32157 Posts
February 28 2012 15:48 GMT
#28
On February 28 2012 18:14 Manifesto7 wrote:
My old man advice? Honestly, buy in cash.


Eh, but then you lose out on the ability to build your credit score, the flexibility of doing different stuff with your money (obviously dependant on what rate you get; a 0.9 you'd be nuts to go cash) and it hampers your buying power. The car you can get for $10k cash is gonna have far more usage than one you can get for $15k with $10 down
PROFESSIONAL GAMER - SEND ME OFFERS TO JOIN YOUR TEAM - USA USA USA
thedeadhaji *
Profile Blog Joined January 2006
39489 Posts
February 28 2012 16:00 GMT
#29
Mani, Fwiw I totally agree with you about the "buy in cash" aspect.
Loans will confuse the financial sense that we all have ><
Soap
Profile Blog Joined April 2010
Brazil1546 Posts
Last Edited: 2012-02-28 17:02:04
February 28 2012 16:57 GMT
#30
Here a Corolla costs 45k USD, down to only ABS and frontal airbags for safety. Financing is around 2% monthly rate, with no lease option (the so called "leasing" is a trick to dodge taxes and facilitate recovery of the vehicle in case of default)

You wouldn't be hard pressed to find someone who makes 60k USD/year buying a new one every couple of years. That way the prices and rates won't ever fall, Brazil is the nightmare of whoever likes both cars and financial discipline.
thedeadhaji *
Profile Blog Joined January 2006
39489 Posts
Last Edited: 2012-02-28 17:03:35
February 28 2012 17:03 GMT
#31
>Soap

Is that at least partly due to Brazil's recent escapades in its currency?

Those prices sound grotesque
Is it because of taxes like in theBALLS's case?
with Brazil pushing ethanol and alternative fuel based vehicles, I could see taxes compounding on regular gasoline powered cars.
Soap
Profile Blog Joined April 2010
Brazil1546 Posts
Last Edited: 2012-02-28 17:40:58
February 28 2012 17:29 GMT
#32
Not quite, actually BRL is so appreciated that many sectors of the economy have complained and the treasury has immense USD reserves (350bi USD according to the most recent source I could find)

I do blame taxes, but mostly the absurd demand because of social status. For example, a Honda City (compact sedan) made in Brazil sells for 35k USD here, but for 20k USD in Mexico or Argentina

Honda and Toyota sell very overpriced cars, the four big local manufacturers (VW, Ford, Fiat and Chevrolet) sell poorly made and still overpriced cars, the koreans used to be the gold standard of cost/benefit (a Hyundai Azera sold for less than that Corolla) but now they built brand recognition are the most overpriced of them all, and the chinese (JAC, Lifan and half a dozen other brands) have been arriving to vie for their place.

Almost all cars sold here are fuel flexible but there's no government incentive to use ethanol, the production is seasonal and limited (also competes with sugar) so It's very rarely cost effective against gasoline, whoever uses it is because gives a small power boost or wants to be ecological.
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