I wish I had $100 for every time someone told me their rare car was going to shoot up in value. If I did, I would invest it in the stock market, which is something that actually might shoot up in value. Their rare car, of course, will stay behind, largely due to the old adage that just because something’s rare doesn’t mean it’s valuable.
I remember the first time someone told me their car was rare and so it would increase in value. I was in high school, and a classmate of mine had just bought a Jeep Liberty Freedom Edition, or some such bizarre Jeep special edition where they change the wheels and add two-tone seats in an attempt to get people to buy it.
I promised more 21st-century Junkyard Finds recently, so here’s a high-end Volvo with turbo boost rivaled only by its turbocharged depreciation levels. Yes, it’s the Volvo S80, complete with twin-turbo 286hp tranverse-mount straight-six. (Read More…)
The alarms clocks ring. Both of them. Just in case I get any funny ideas.
I go through the semi-conscious motions. Clothes… suitcase… glasses… coffee… breakfast. By 4:15 a.m, I’m out the door and driving to the airport in a 21-year-old Geo Prizm. I figured that a 5-speed and a stark lack of noise insulation will keep me alert. Thanks to Atlanta’s penchant for using steel plates to cover up every possible pothole on the road, I am not disappointed.
I see so many stunningly depreciated German luxury cars in pretty nice condition at the cheap self-service wrecking yards that they don’t register in my consciousness much more than your typical Sebring or Sephia. These days, though, I’m making an effort to notice such cars, since it seems that many of you thought this big V12-powered BMW was interesting.
I was headed over to the Denver U-Pull-&-Pay last week, in search of some bits for my ’41 Plymouth project, and I resolved to find and photograph a high-end Audi. Sure enough, here’s this clean A8, not as new as I’d like, but still an excellent example of what happens to such cars soon after they get into the hands of their third or fourth owners. (Read More…)
We have 5 cars and 4 drivers. My wife and I drive the three oldest vehicles: 2003 LS430, 2005 Z4, and 2000 Frontier. My question is regarding collision insurance on the Lexus and the BMW. I currently carry full coverage on both and am considering dropping collision coverage to save money. (Read More…)
Because SedanLimo. (photo courtesy: forums.vwvortex.com)
TTAC Commentator Nick 2012 writes:
Archangel of the Panther Platform –
A nice looking 2005 LWB Lincoln Town Car with only 107,000mi popped up for sale at a nearby dealer with a what-I-hope-to-be-optimistic $8,000 asking price. As any follower of the good book of fat Panther Love(tm), I keep my eye out for a good one on the local boards.
I took a new position a while back that has me commuting about 65mi a day – about 90% interstate. Going from my comfortable, competent Accord to the extremely comfortable TC would cost me about $10/week in increased fuel costs if I exclusively used the TC (which I wouldn’t do). (Read More…)
My wife wants me to sell our pristine, time-capsule 90 Cressida for a 4Runner (or similar) because we live in winter-world. I am looking at used 4Runners and the prices are crazy. Typically a rusted 1996-98 with 350-390,000KM will be asking $5,000 – $6,000CDN. I have seen Lexus LS with half the mileage, far better condition and all services done for that price.
The Toyota Prius was ranked at the top of Consumer Reports’ Best New Car Value scoring for the second year in a row. CR’s analysis ranked over 200 vehicles on performance, reliability and costs and determined that over five years the Prius will cost 47 cents per mile to own and operate. Lower depreciation and operating costs for the Prius offset paying a premium for the hybrid.
“The Prius’ 44 mpg overall is the best fuel economy of any non-plug-in car that Consumer Reports has tested,” Rik Paul, the magazine’s automotive editor, said in a statement. “Though it’s not particularly cheap to buy, the Prius’ depreciation is so low that it costs less to own over the first five years than its initial MSRP. We call that a bargain.” (Read More…)
Everybody on the internet knows that buying new cars is just plain stupid. New cars, after all, are just “depreciating hunks of metal.” New cars depreciate an average of 20% immediately, and then go down another 15% each year after that, according to sources such as KBB and Edmunds. According to every message board I’ve ever read, buying a new car will probably cause you to lose your house, get divorced, and be sent to the Chateau d’If for thirteen years.
But how true is that? And if it is true, does it matter? Let’s find out. (Read More…)
My question is – when should I sell my current car? Our family runs a 2004 Pontiac Vibe with 109k miles. It is our only car and it seems to run better since it broke the 100k mark. It has been exceptionally reliable, cheap to own, and gets excellent mileage – I get 29mpg average! We like being a one car family and intent to keep it that way unless we suddenly become independently wealthy. (Read More…)