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Most "rich" people try to be as frugal as possible with their money. When shopping for my CPO A8 I noticed almost every car I looked at was a lease return. A person who for example is an attorney and owns his own small business can lease the car and write off the expense on taxes. That is a simplified answer but leases make up a large portion of the "sales" on these types of cars when new. I'll never purchase a new A8 because I don't consider it financially viable. As far as that goes buying my CPO A8 wasn't the most fiscally responsible decision but my joy of ownership outweighed my need to keep the cash. Also I'm lucky enough to live somewhere that the cost of living is pretty low. I don't have a huge mortgage payment and the A8 loan is the only loan I have other than my mortgage.
Most "rich" people try to be as frugal as possible with their money. When shopping for my CPO A8 I noticed almost every car I looked at was a lease return. A person who for example is an attorney and owns his own small business can lease the car and write off the expense on taxes. That is a simplified answer but leases make up a large portion of the "sales" on these types of cars when new.
The joy of ownership goes a long way with me. In "my mind" they don't depreciate at all. ..lol
Cars are the single worst investment or I should say return on use of money. The gift that keeps on taking! The only way to come out nicely is drive occasionally, all original and keep on blocks for 30-50 years. I couldn't imagine all the profit if have now with all the mainly 60's cars I've had in the 70's& 80's. It would be in the millions though. The oldest was a 1940, newest 1982. For a total of around 35. All very nice original and sometimes unique cars even in those years.
Right now, no blocks for the A8. I run the wheels off it and come up with places to enjoy driving it. I don't worry about depreciation on it at all!
And yes.. I never buy new. Except once. I always look for good deals and keep them looking new as possible. The last motor I sold that qualified for historical plates was a '87 GoldWing. It looked like it just came off showroom floor, always asked if it was new and made $1000 over what I paid two years earlier.
I purchased a very nice BMW 740IL in 2009 for $7k. Recently sold for $5500. Not bad for the enjoyment I got out of it.
The only cars That are left outside are lease vehicles.they're also the only cars I'll take through a automatic car wash
The joy of ownership goes a long way with me. In "my mind" they don't depreciate at all. ..lol
Cars are the single worst investment or I should say return on use of money. The gift that keeps on taking! The only way to come out nicely is drive occasionally, all original and keep on blocks for 30-50 years. I couldn't imagine all the profit if have now with all the mainly 60's cars I've had in the 70's& 80's. It would be in the millions though. The oldest was a 1940, newest 1982. For a total of around 35. All very nice original and sometimes unique cars even in those years.
Right now, no blocks for the A8. I run the wheels off it and come up with places to enjoy driving it. I don't worry about depreciation on it at all!
And yes.. I never buy new. Except once. I always look for good deals and keep them looking new as possible. The last motor I sold that qualified for historical plates was a '87 GoldWing. It looked like it just came off showroom floor, always asked if it was new and made $1000 over what I paid two years earlier.
I purchased a very nice BMW 740IL in 2009 for $7k. Recently sold for $5500. Not bad for the enjoyment I got out of it.
The only cars That are left outside are lease vehicles.they're also the only cars I'll take through a automatic car wash
You think cars stink as an investment?! Buy a boat! You can hear the sucking sound of $$$$ flying out of your bank account!
That's at a friends sumner home in N. Carolina. Was purchased at Lake Tahoe.Then shipped. She loves it, although she was in bad rv accident leaving Indy watching a corporate sponsored dragster a few weeks ago
Their loss was my gain.
Nice addition to my driveway of German awesomeness.
Already made a bunch of cosmetic mods including black grill, black hood vents, black emblems, black window trim wrap and white wrap on the door and trunk chrome strips, and hood star delete.
Radar, laser jamming and car stereo to begin in October.
I had a 2011 S63. I liked it but the repairs on that beast are ridiculous. I had to pay almost $10K CAD for a brake job. No option for aftermarket because the car is so rare. The stereo also went on me, Sirus XM amp and the Bose amp, another $6K CAD for that. I couldn't just replace 1 unit because the system runs on a MOST.
I had a 2011 S63. I liked it but the repairs on that beast are ridiculous. I had to pay almost $10K CAD for a brake job. No option for aftermarket because the car is so rare. The stereo also went on me, Sirus XM amp and the Bose amp, another $6K CAD for that. I couldn't just replace 1 unit because the system runs on a MOST.
The old beast
IMAGE [S63]
The new beast.
IMAGE [S8]
$10K for a brake job, WOW!
Is the S8 maintenance less expensive?
09-20-2016, 10:28 AM
