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S t r e t c h i n g To Buy More Than One Can Afford

135

Comments

  • I guess it's human nature to want for something more than what he/she can manage to sustain.
  • andysdandysd Posts: 87
    edited November 2011
    I love that story. This is the only car forum thread I've seen where contributors play nice, so I had to join in. A couple of times I tried to add what I thought was an objective comment on other forums, only to be attacked tangentially.

    I do know one individual who drives prestigious cars and isn't a phony. He's a movie actor who must receive a pretty good monthly check from the Actors Guild or some such. At 85, a year younger than I am, he still acts in movies sometimes. He's American, born in Mexico, and pretty well known in Latin America. Currently he has a red F430 he bought new. He also wanted an open car so he bought a '95 Ferrari cab, but I don't know the model, plus a new VW wagon. He drives with gloves and a Ferrari cap, still races a newish French racing sailboat. Since I've known him (he lives across the street), he's bought and sold a new yellow Ferrari Marinello, a Mercedes S, and two new Boxster S's.

    Even if I could, I wouldn't drive an expensive car during a time when 46 million Americans live below the poverty line.

    After reading of the Honda Fit's surprising performance in Car & Driver's emergency lane change test, I bought a red 2011 Fit Sport 5mt, put on some 17" Kosei Racing wheels with 215/45 Kumho SPT's that were sitting in my garage from an '04 Civic, and ride with his Ferraris on our East County San Diego twisty roads. I'll leave it you to guess which car is faster.

    This was just some meandering no one will read.
  • nvbankernvbanker Posts: 7,285
    edited November 2011
    Amen, Fintail: I love cars. I have always loved cars. I love cars more than money. Therefore, I treat myself to nice cars. Not over the top supercars, just nice ones. Like my Lexus LS460. I don't consider that an extravagent car, when lots of folks spend much more than what it cost me for their tricked out 4 wheel drive F-350 Crew Cab, Powerstroke Diesel, Lariat, Amarillo edition truck. And they're everywhere in the west here. So I don't feel too badly. Doing so has never caused me to give up anything necessary, or even some things optional, so again, I don't feel too badly about it. My wife does not care what she drives, will only drive Fords, and so has had Explorers since 1994. In fact, she refuses to drive a luxury car of any sort, even a Lincoln. So I don't drive more than I can afford, but some would say I have wasted a fortune since 1990, driving unnecessary luxury cars. But, when I'm lying in a bed at the hospital dying, I'm sure I wouldn't be saying, "gee, I'm sure glad I drove a Focus all these years instead of a Lexus....it was sure worth it:! Funny, nobody ever criticizes a $72,000 pickup truck.... ;)
  • fintailfintail Posts: 33,505
    It's not hard to justify a nice car when one examines how others blow money. For example, I brown bag my lunch every day. I know many who spend $10+ a day on lunch. That alone is a lot more than it costs me to care for both of my cars. Done deal :shades:

    And especially if you buy gently used, you can get a nice highline car for the price of a more "normal" car or some dumb truck like you mention. Probably for most who post here, driving is part of the "experience" of life, and is worth the price of admission. You're lucky to have such a reasonable wife too ;)
  • nvbankernvbanker Posts: 7,285
    I do buy my luxury cars used, 1 or 2 years, and save tens of thousands that way, making my luxury purchases not much more than a new Explorer Limited. It helps justify my lust. I have a good friend with far more money and net worth than I who drives an 02 F-150 with 140,000 miles on it, and his wife has a 99 Camry with similar miles, and that's his obsession. Saving money. Probably why he's richer than I am. He thinks I'm crazy, and I think he's crazy, and we argue about it. Whatever floats your boat though, you should do. That's how I feel. A Lexus floats mine.
  • lemkolemko Posts: 15,120
    I've seen guys like that before. They make their widows very happy! I just hope he doesn't have any ne'er-do-well kids who will blow the fortune he had amassed.
  • fezofezo Posts: 9,328
    Sam Walton was the saving type. Drove an old pickup til the day he died.

    I don't imagine his kids are following that example.
  • lemkolemko Posts: 15,120
    I think they have Sam Walton's old red and white Ford F-150 on display at Wal~Mart headquarters in Bentonville, AK.

    His kids most certainly aren't following his example - especially his daughter Alice who is a hostile drunk who has been arrested for DUI umpteen times. That's the trouble. The man who worked hard and built an empire is gone only to have his spoiled entitled children squander it and stain his legacy. If Sam came back saw what became of Wal~Mart and his family, he would never stop throwing up.
  • robr2robr2 BostonPosts: 7,739
    ...especially his daughter Alice who is a hostile drunk who has been arrested for DUI umpteen times.

    Would twice be umpteen? IMHO, once is too much.

    But it looks like she's at least done something with her money in terms of philantropy. She's quite different than some of today's young heiresses whose life revolves around shopping and celebrity.

    BTW, Sam Walton stated in his autobioraphy that of his children Alice was the most like him but even more volatile than he.
  • fintailfintail Posts: 33,505
    But is she doing it for tax benefits or real cares?

    Some of us remember "Sam's American Choice".
  • fezofezo Posts: 9,328
    Absolutely! I remember them featuring American made products. This was back in the day when if there were three people waiting to check out they'd open another register. Heck, they even kept the store clean.

    I miss old Sam.
  • fintailfintail Posts: 33,505
    My region didn't get WMs until the early 90s, when those policies and products still existed. Wally World didn't seem so bad then (and I don't think it is a horrible evil now), but it certainly was more benevolent. Then the changes hit.
  • nvbankernvbanker Posts: 7,285
    And, that's exactly what I have. 2 very foolish kids. I'm skipping them in the trust, (assuming there is anything left but my car), and going to the grandkids...hoping for better. :sick:
  • robr2robr2 BostonPosts: 7,739
    Well she's a board member of the Walton Foundation which was founded by her parents. So they got the tax benefit of the bequest.

    According to her wiki, she worked in finance for many years before getting involved in raising horses and opening an art museum.

    Other than the DUI's, she seem to be a pretty dull person.
  • fintailfintail Posts: 33,505
    I am sure her name and family money got her none of that. She knows hard work, and none of the "philanthropy" has other benefits.

    She also apparently ran someone down, with no charges being filed, and has never actually served any time for her transgressions. I am sure someone of low socio-economic status would be treated just the same. What a great legacy, Sam is very proud no doubt. And don't raise her taxes! It'll trickle down, just wait, any day now, it's coming.
  • lemkolemko Posts: 15,120
    Here's a mugshot of the witch herself:

    image
  • nvbankernvbanker Posts: 7,285
    How did we get off on this tangent? The Walton fortune trickled down through millions of jobs, but Sam himself didn't like any cars better than his 79 F-150, so he didn't prop up the economy at all by buying new cars. Neither does Warren Buffett, very often anyway. Nor does Ross Perot. Bill Gates will occasionally buy a new Lexus at least. People with scads of money often don't care about those things, those who do buy supercars or Rolls' often. Well, I don't like cars THAT much, nor can I afford one. I stretch a bit, but within reason.

    Around here, I find lots and lots of people who should not be able to afford expensive SUVs or luxury cars, driving them. One wonders how they do it. Clearly, they're not the folks who can really afford them. Escalades are very popular with a very young segment of the population. Mercedes with another, and so on. Unless they are pharmaceutical representatives, I don't see how they can afford them, even on a stretch.
  • nvbankernvbanker Posts: 7,285
    Impressive..... :shades:
  • lemkolemko Posts: 15,120
    edited November 2011
    Me, I LOVE cars!!! Still, even if I had a Bill Gates-like fortune, I wouldn't drive anything more expensive than my Cadillac DTS. I have no desire to own anything as extravagant as a finicky exotic. Most of the time I drive my 2005 Mercury Grand Marquis LS which I affectionately call "my hooptie."
  • andre1969andre1969 Posts: 21,847
    aaagggghhh...change it, Butthead!!
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