UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next
Author: BenSolar Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1488  
Subject: Re: Look rich but live cheap Date: 11/18/2003 3:07 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 6
Buy classics. At first this sounds like an expensive move; classics always cost more. But for certain purchases, spending more may be a better investment in the long run. ... “I decided to buy a five-year-old BMW this year,” says Sandy deNicolais, former fashion and beauty editor of Women's Day. “The payments for a brand-new Honda were the same. But in five years, that Honda won't be worth as much as my BMW. The BMW will last longer, it's higher quality, it's got more style.”

I liked the article for the most part, but the section quoted above about a 5 year old BMW being a better value proposition than a new Honda is highly questionable, IMO. A 5 year old BMW will last longer than a new Honda? I don't think so. Hondas are extremely well made and long lived, and a 5 year head start is quite a lot. Higher quality? Probably more luxurious, possibly higher performance, but quality? I don't personally think so. More style? Well, I'll give her that one. ;)

Personally I'd take a babied 2 or 3 year old Honda or Toyota over either a new one or a more used BMW. The sharpest deprecriation already gone, but still most of it's useful life ahead of it. Iron clad quality and widely available, relatively affordable repairs. Repairs on the Beemer will be horribly expensive as it gets on in years ...

B.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next

Announcements

Post of the Day:
TMFDeej's CAPS Blog

Activist Investors Unlocking Value at LSB Industries?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement