Prestigious cars or retire early

Mark300zx

LOL a lack of depreciation is still a reduced depreciation when you do 20k a year

motorguy

IanMSpencer wrote: »

Ah the collectable car fallacy. See how much they appreciate when you drive them for 20k miles a year.

Ah the "moving the goalposts" blocker

Who mentioned 20,000 miles per year?

I think in fairness its quite unlikely but not impossible to do it. I guess no more unlikely for most people than retiring early with a pension pot that would support a decent standard of living.

I ran a Boxster for a year and sold it for £100 more than i paid for it but generally speaking my cars do depreciate.

IamNotAllowedToUseMyName

motorguy wrote: »

Ah the "moving the goalposts" blocker

Who mentioned 20,000 miles per year?

I think in fairness its quite unlikely but not impossible to do it. I guess no more unlikely for most people than retiring early with a pension pot that would support a decent standard of living.

I ran a Boxster for a year and sold it for £100 more than i paid for it but generally speaking my cars do depreciate.

The context of the thread is people frittering their money on their working cars, not on collectables. Just observing that just because collectable cars can appreciate, it does not make them suitable company cars.

I also remember many years back a workmate who had that theory with a Triumph Stag. In the end he traded it in for a 70k mile Cavalier as he needed to know that he could get to the other end of his journey on a regular basis.

Mark300zx

IanMSpencer wrote: »

The context of the thread is people frittering their money on their working cars, not on collectables. Just observing that just because collectable cars can appreciate, it does not make them suitable company cars.

I also remember many years back a workmate who had that theory with a Triumph Stag. In the end he traded it in for a 70k mile Cavalier as he needed to know that he could get to the other end of his journey on a regular basis.

I think comparing the market to a period decades ago is not the wisest of comparisons

EssexExile

IanMSpencer wrote: »

...with a Triumph Stag. In the end he traded it in for a 70k mile Cavalier as he needed to know that he could get to the other end of his journey on a regular basis.

Been there, done that, got the (very greasy) t-shirt.

motorguy

IanMSpencer wrote: »

The context of the thread is people frittering their money on their working cars, not on collectables. Just observing that just because collectable cars can appreciate, it does not make them suitable company cars.

I also remember many years back a workmate who had that theory with a Triumph Stag. In the end he traded it in for a 70k mile Cavalier as he needed to know that he could get to the other end of his journey on a regular basis.

You dont have to go down the route of some old "collectable" to suffer minimal / no depreciation. Theres plenty of modern luxury / performance / fun cars that wont depreciate a big amount, if you buy them right in the first place.

As i've said through the thread - theres a balance to be had in terms of what you have, what you spend it on and when you retire.

John-K_3

facade wrote: »

Retire.
The second that you can.
Live in penury if you must, it is better than working those extra years to be "better off" and then becoming ill- at which point all that money you sweated to save will be used to pay for your care before the state chips in.
Retire with nothing, and anything you need you will be given by the sweat of someone else's brow.

I'm retiring this year no matter what, I'll get by somehow, I just pray that I can make it with my health still intact.

I!!!8217;m late to this, but don!!!8217;t agree at all. I like going in to work, and love the intellectual challenge. Even if I did !!!8220;retire!!!8221; I!!!8217;d struggle to find something to do that used my mind like work does, and think I!!!8217;d quickly get bored.

I!!!8217;ll reappraise at fifty, but can!!!8217;t imagine I!!!8217;ll choose to wander off home.

John-K_3

Sea_Shell wrote: »

I'll take a paid off mortgage and early retirement against a flash set of wheels any day.

My last car was an Audi R8. Bought it, drive it all over the place for four years, and sold it for £4K more than I paid for it.

I’d take the flash car and appreciation over something I’d not be so happy with and losing money on it.

Raxiel

ACG wrote: »

But the value of a kid goes up. Ive got an 8 month old and every day gets better...the nights get worse with less and less sleep, but the days are better.

The nights get better again eventually too.

Kids aren't just great when they're new either. Old dear across the road from me, three strokes, no kids, husband died a decade ago. She has a nephew who visits once a fortnight, but besides that and occasional visits from me and another neighbour, the only visitors she gets are the home help. Seems a pretty lonely way to live out the final days. Conversely, old boy next door, three kids. When his health deteriorated after his wife died, someone visited him every day.

Obviously if you have kids there's no guarantee they'll stick around, but if they do, they'll give you more comfort than a mattress stuffed with tenners at the end.

I'd be lying if I didn't say that was one of the things we considered when deciding whether to have a second.

[Deleted User]

Rather retire and live a comfortable life than show off in a baseline Audi or BMW. If you can have one and retire then well done and good for you. But not if I have to choose one or the other.