It’s been exactly one year since I splurged on my third vehicle. I added a Jeep to the BMW SUV and sports car I already had. When I was a kid, I thought that would be the perfect combination of vehicles: something rugged, something luxurious, and something racy. After a year of owning three cars, I’ve come to a different realization: three cars is probably … Continue reading Three Is Two Too Many?
I love cars, but I hate car dealers. Unfortunately, it seems that over-engineered, unreliable electronics are making us more reliant on dealer service than ever. That makes cars more costly than ever. Related: Sports Cars: ‘Every Day This Man Takes A Vacation’ Our sports car recently suffered a blow to its stereo/navigation system. I stopped at the grocery store a couple miles from our house … Continue reading Taken To The Cleaners – Dealer Service
One of the highlights of our trip to Europe this month is our stop at the BMW Museum in Munich. Since I early retired, I spend more and more time goofing off with cars and I love seeing the shiny steel, chrome, & rubber on display at a place like this. Even the historic cars are kept in pristine condition. At home, our own cars … Continue reading Museum Quality Car Time
It’s been almost a year since I published this POST about shopping for our next SUV and our “7 rules” to maximize our purchase. Just today, I am finally signing the papers on our next set of wheels. After a few stops & starts, I finally got serious about finding our next SUV last month when we had a $2.8K breakdown. I had kept putting … Continue reading Car Shopping – Patience Pays
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”
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?
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
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
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