Quote:
Originally Posted by JBones81
I think many people forget that you still have to store these cars, maintain them, and pay insurance for years and years. So if you were to take out a loan on a $75,000 zl1 1le, and pay it off over 5-6 years, you're already out about $81,000 + figure another $1,000/yr for insurance...so after 6 years you're into it $87,000, plus any maintenance issues that may come up after warranty. It's also taken up a spot in your garage for that length of time. What I'm trying to say is that it really doesn't make sense to be buying modern cars as an investment. You MAY get lucky on a certain car, many many years from now, but the chances are slim and the net payout is probably pretty low. Just buy these cars and enjoy them. Figure if you can sell it in 5 years for more than 50% what you paid, you're doing ok.
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So you mean that just because you sell your car for more than you bought it for DOESN'T actually mean you made a profit? LOL!! Good luck trying to explain that to some of these guys here. This is the same reason that buying a house is not an "investment" just from owning it. People tend to throw these words around and not really know what they really mean.
But you are correct. It is best to just enjoy what you buy.