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Who buys a daily driver for an investment
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<blockquote data-quote="Glocktogo" data-source="post: 3251463" data-attributes="member: 1132"><p>Certain high value, high demand, low production number cars can be a decent investment, but only if you don't drive them. There is no such thing as a daily driver "investment" car.</p><p></p><p>If you're VERY savvy on cars, you can sometimes buy a used car at the low point of devaluation, drive it sparingly for a couple of years and sell it for more than you bought it for. Is that an investment? Partially, but only if you want to have a bit of enjoyment beyond watching the numbers change, which may be less than traditional investments such as stocks.</p><p></p><p>Sometimes you can also buy a good car to enjoy daily that will depreciate far less than a car that isn't all that enjoyable to drive. Say you bought the following cars new in 2013 for MSRP:</p><p></p><p></p><p>2013 Mustang Boss 302: $42,995</p><p>2013 Lexus IS350 AWD: $42,780</p><p>2013 Chrysler 300C AWD V6 John Varvatos: $43,345</p><p></p><p>For a control, we’ll use a 2013 Toyota Corolla LE Special Edition for $20,550</p><p></p><p>You drive 50K in each and go to sell them in 2019 for NADA clean retail:</p><p></p><p>2013 Mustang Boss 302: $29,050</p><p>2013 Lexus IS350 AWD: $22,600</p><p>2013 Chrysler 300C AWD V6 John Varvatos: $19,275</p><p></p><p>The Corolla comes in at $10,300.</p><p></p><p>So the costs break down on devaluation alone:</p><p></p><p>Boss 302: $13,945</p><p>IS350: $20,180</p><p>300C: $24,070</p><p></p><p>Corolla: $10,250</p><p></p><p>Now any boring life, boring wife, boring 1.7 kids CPA will tell you you’re a fool if you bought anything but the Corolla. Quality of life doesn’t even factor into a pure mathematical equation. But if you bought the Boss 302, you had 6 years of baller fun, pride of ownership and head turning stares for a mere $3,695 more than the rolling vanilla pudding cup Corolla. If you bought the 300C, I hope they were holding a gun to your head though. Yes I’m aware I’m not factoring total ownership cost, but we’re discussing whether a daily driver can qualify as an “investment”.</p><p></p><p>IF, you kept that Boss 302 for a LONG time, you’d likely see a ROI that would far outpace the savings of that Corolla too. It’s not an investment in monetary terms per se, but it’s a solid investment in life. It’s up to you whether that makes it worth it. For me? It would. After all... <img src="/images/smilies/biggrin.png" class="smilie" loading="lazy" alt=":D" title="Big Grin :D" data-shortname=":D" /></p><p></p><p><img src="https://www.okshooters.com/data/MetaMirrorCache/mustangsdaily.com_blog_wp_content_uploads_2011_12_01_grabber_blue_boss_302.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p></blockquote><p></p>
[QUOTE="Glocktogo, post: 3251463, member: 1132"] Certain high value, high demand, low production number cars can be a decent investment, but only if you don't drive them. There is no such thing as a daily driver "investment" car. If you're VERY savvy on cars, you can sometimes buy a used car at the low point of devaluation, drive it sparingly for a couple of years and sell it for more than you bought it for. Is that an investment? Partially, but only if you want to have a bit of enjoyment beyond watching the numbers change, which may be less than traditional investments such as stocks. Sometimes you can also buy a good car to enjoy daily that will depreciate far less than a car that isn't all that enjoyable to drive. Say you bought the following cars new in 2013 for MSRP: 2013 Mustang Boss 302: $42,995 2013 Lexus IS350 AWD: $42,780 2013 Chrysler 300C AWD V6 John Varvatos: $43,345 For a control, we’ll use a 2013 Toyota Corolla LE Special Edition for $20,550 You drive 50K in each and go to sell them in 2019 for NADA clean retail: 2013 Mustang Boss 302: $29,050 2013 Lexus IS350 AWD: $22,600 2013 Chrysler 300C AWD V6 John Varvatos: $19,275 The Corolla comes in at $10,300. So the costs break down on devaluation alone: Boss 302: $13,945 IS350: $20,180 300C: $24,070 Corolla: $10,250 Now any boring life, boring wife, boring 1.7 kids CPA will tell you you’re a fool if you bought anything but the Corolla. Quality of life doesn’t even factor into a pure mathematical equation. But if you bought the Boss 302, you had 6 years of baller fun, pride of ownership and head turning stares for a mere $3,695 more than the rolling vanilla pudding cup Corolla. If you bought the 300C, I hope they were holding a gun to your head though. Yes I’m aware I’m not factoring total ownership cost, but we’re discussing whether a daily driver can qualify as an “investment”. IF, you kept that Boss 302 for a LONG time, you’d likely see a ROI that would far outpace the savings of that Corolla too. It’s not an investment in monetary terms per se, but it’s a solid investment in life. It’s up to you whether that makes it worth it. For me? It would. After all... :D [IMG]https://www.okshooters.com/data/MetaMirrorCache/mustangsdaily.com_blog_wp_content_uploads_2011_12_01_grabber_blue_boss_302.jpg[/IMG] [/QUOTE]
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