“Every Day This Man Takes A Vacation”

After two posts this month assessing the tremendous cost of cars, their depreciating value, and ongoing repairs, I thought I would give partial time to acknowledging the incredible fun of cars.  After all, while the financials are negative, they do provide many, many intangible benefits that help make life a joy. Similar to cabin/cottage life, world travel, or owning a speedboat, driving a cool car … Continue reading “Every Day This Man Takes A Vacation”

Financial Analysis: How Many Years Of Work Would A Luxury Vehicle Cost You?

I’m continuing the discussion from my last post on the cost of vehicles by looking at the differences in the total cost of ownership for different models – basic transportation and luxury vehicles – over time.  In April, I analyzed the impact of luxury homes on the number of years someone needs to work and reached the conclusion that trading up to a luxury home … Continue reading Financial Analysis: How Many Years Of Work Would A Luxury Vehicle Cost You?

The Cost Of Keeping Cars Grows More Visible As Time Goes On

We have had a BAD run of luck when it comes to car repairs this year.  In the last 90 days, we have tallied close to $5,250 on our highly-engineered, but aging SUV and Sedan.  They are nice models – a 2011 BMW X5 and a 2012 Mercedes 300C – but now that they have celebrated their 6th and 5th birthdays, they are heading to … Continue reading The Cost Of Keeping Cars Grows More Visible As Time Goes On

Car Shopping Framework – 7 Principles That Guide Us

We are in the car market again after two years with our current fleet. Our SUV has reached the point when it is starting to require quite a few repairs and as I have written before, vehicles are a budget item that I confess to being a guilty pleasure splurge. The SUV we will sell is a 2011 model with 114K miles. We have really … Continue reading Car Shopping Framework – 7 Principles That Guide Us

Grown-Up Guilty Pleasure – Luxury Cars

There is probably no luxury that I have done more of an about-face on over the past 20 years than luxury automobiles. My DW and I started out very humbly in our 20s when we got married. We were very practical: she had a 11-year old Ford Fairmont (boring, but mostly reliable). I had managed to drive a few junkers into the ground through college … Continue reading Grown-Up Guilty Pleasure – Luxury Cars