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Trapped Between High Depreciation, and Expensive Maintenance and Repairs

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Comments

  • hpmctorquehpmctorque Posts: 4,120
    edited May 2010
    "Some people take more pleasure in having money than spending it."

    Great choice of words - simple and direct - that describes some people perfectly, kathy.

    "...after you have taken care of the necessities, the extra should be for things you enjoy..."

    The rational side of my brain says "bulls eye!" You only live once. The depression era mentality in me cautions that you can't go wrong by being frugal, because you never know. Well, the fact is that it can be a mistake to be too frugal. I had an associate who said about money, "you can spend it now, or you can spend it later." He didn't consider leaving it or willing it to be a viable option. Of course, great minds will differ on this point, which maybe even he didn't entirely believe. However, it does resonate.
  • fintailfintail Posts: 32,940
    edited May 2010
    I think a "low maintenance" A8 is like a "low maintenance" S-class or 7er. Older ones might have less gadgetry to go wrong, but they require just as much physical maintenance. Some of the old tech can be less stable, like the COMAND units in early W220s and electrics in older 7ers. It's a balancing act...older is much cheaper, but has its own set of risks.

    And I do agree, it can be possible to be "too frugal". Remember, you only live once...of course one should whenever possible live below their means and have a nest egg, but live a little. We still have things relatively good, and in this devolving world, I can't say I believe future generations will be so lucky. I am thinking that way as I get older, especially about free time. I once traveled maybe every 5 years at most, and didn't take much time away. Now, I think I would rather travel at 33 than 73...as there's no guarantee any of us will even make it that far.
  • hpmctorquehpmctorque Posts: 4,120
    Well said. All true.
  • roadburnerroadburner Posts: 6,024
    edited May 2010
    I agree with andys120 almost 100%, but I would add a few comments.

    1. Believe it or not, some dealers offer excellent service at a reasonable price. For example, my local BMW dealer(Swope BMW in Louisville, KY) performed the Inspection II service(AKA 60K mile or "Major" service) as well as a brake fluid flush on my wife's 2004 X3 for less than $400. That said, I also have an excellent indie shop(Performance Specialties, Louisville) that I use for some service- particularly on my older Bimmers.

    2. Join the national Marque club. As an example, BMW Car Club of America members can often get 20%-25% discounts on parts/labor from BMW dealers and/or indie shops. Membership also wires you into a network of enthusiasts who can help you find decent shops and vendors as well as assist in diagnosing and resolving problems.

    3. Check out my 318ti Club Sport blog entry to see an example of an older BMW that has been remarkably inexpensive to own; repairs and maintenance costs(which include five sets of sticky street/track tires) have averaged almost exactly 5 cents per mile over the almost 15 years that I've owned the car.

    2009 328i / 2004 X3 2.5/ 1995 318ti Club Sport/ 1975 2002A/ 2007 Mazdaspeed 3/ 1999 Wrangler/ 1996 Speed Triple Challenge Cup Replica

  • andys120andys120 Loudon NHPosts: 16,403
    Herr Stadler should look at what happened to GM after they became #1 and what happened to Toyota after they took over from GM. Market share isn't everything.
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