Everyone knows the moment you drive a car off a new dealer lot, you just cost yourself over $10,000 in depreciation. That rule has been true as long as I can remember. Now, something else seems to be happening. Fueled by the post pandemic/stimulus money and car shortage, the Jeep Wrangler that I bought last year seems to have appreciatied at significant rate! As you … Continue reading New Car Appreciation?
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