Comments on: General Tips to Avoid Fast Depreciation http://www.myliferoi.com/2009/12/general-tips-to-avoid-fast-depreciation/ Rebalance before it's too late Tue, 07 Feb 2012 03:16:47 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: The Last Carnival of Personal Finance of the Year! | Finance Blog http://www.myliferoi.com/2009/12/general-tips-to-avoid-fast-depreciation/#comment-2527 The Last Carnival of Personal Finance of the Year! | Finance Blog Thu, 07 Jan 2010 05:58:59 +0000 http://www.myliferoi.com/2009/12/general-tips-to-avoid-fast-depreciation/#comment-2527 [...] from My Life ROI presents General Tips to Avoid Fast Depreciation, and says, “Purchasing a car can be a huge financial mistake. Often times the factor that [...]

[...] from My Life ROI presents General Tips to Avoid Fast Depreciation, and says, “Purchasing a car can be a huge financial mistake. Often times the factor that [...]

]]> By: The Last Carnival of Personal Finance of the Year! http://www.myliferoi.com/2009/12/general-tips-to-avoid-fast-depreciation/#comment-2463 The Last Carnival of Personal Finance of the Year! Mon, 28 Dec 2009 14:18:24 +0000 http://www.myliferoi.com/2009/12/general-tips-to-avoid-fast-depreciation/#comment-2463 [...] from My Life ROI presents General Tips to Avoid Fast Depreciation, and says, “Purchasing a car can be a huge financial mistake. Often times the factor that [...]

[...] from My Life ROI presents General Tips to Avoid Fast Depreciation, and says, “Purchasing a car can be a huge financial mistake. Often times the factor that [...]

]]> By: Kosmo @ The Casual Observer http://www.myliferoi.com/2009/12/general-tips-to-avoid-fast-depreciation/#comment-2437 Kosmo @ The Casual Observer Tue, 22 Dec 2009 14:29:08 +0000 http://www.myliferoi.com/2009/12/general-tips-to-avoid-fast-depreciation/#comment-2437 @MyLifeROI, What I like about program cars is that you'er getting a very nearly new car, but some other sucker is paying a premium for those first 5-10K miles. Six years? That's barely broken in :) My current commuting car is a 98 Contour that my wife owned before meeting me. She was easy on the miles, so it still has barely 110,000 miles on it and runs well. A few repairs here and there, but still incredibly cheaper than buying a replacement. .-= Kosmo @ The Casual Observer´s last blog ..<a href="http://feedproxy.google.com/~r/TheCasualObserver/~3/VuaqgxkCew4/" rel="nofollow">Apple In the Cloud</a> =-. @MyLifeROI, What I like about program cars is that you’er getting a very nearly new car, but some other sucker is paying a premium for those first 5-10K miles.

Six years? That’s barely broken in :) My current commuting car is a 98 Contour that my wife owned before meeting me. She was easy on the miles, so it still has barely 110,000 miles on it and runs well. A few repairs here and there, but still incredibly cheaper than buying a replacement.
Kosmo @ The Casual Observer´s last blog ..Apple In the Cloud My ComLuv Profile

]]> By: Kosmo @ The Casual Observer http://www.myliferoi.com/2009/12/general-tips-to-avoid-fast-depreciation/#comment-2436 Kosmo @ The Casual Observer Tue, 22 Dec 2009 14:25:36 +0000 http://www.myliferoi.com/2009/12/general-tips-to-avoid-fast-depreciation/#comment-2436 @MyLifeROI, They planned to kill the Taurus and replace it with the 500. They kept the Taurus alive for fleets for a couple of years because of demand in that segment ... during which time they realize that the 500 brand wasn't a great seller. Sadly, the new Taurus is much different (worse) than previous. .-= Kosmo @ The Casual Observer´s last blog ..<a href="http://feedproxy.google.com/~r/TheCasualObserver/~3/98glYagekh8/" rel="nofollow">What’s Next for Martin?</a> =-. @MyLifeROI, They planned to kill the Taurus and replace it with the 500. They kept the Taurus alive for fleets for a couple of years because of demand in that segment … during which time they realize that the 500 brand wasn’t a great seller.

Sadly, the new Taurus is much different (worse) than previous.
Kosmo @ The Casual Observer´s last blog ..What’s Next for Martin? My ComLuv Profile

]]> By: MyLifeROI http://www.myliferoi.com/2009/12/general-tips-to-avoid-fast-depreciation/#comment-2435 MyLifeROI Tue, 22 Dec 2009 09:10:31 +0000 http://www.myliferoi.com/2009/12/general-tips-to-avoid-fast-depreciation/#comment-2435 @Craig, Agreed. I stil run the numbers, though. If a used car makes sense, I'll go for it. If a new car makes sense, as it did in my recent purchase, then that's what I'm going for! I drove my last car 6 years before getting in an accident. I would have kept driving it otherwise. So I, like you, plan on keeping the car for a while. @Craig,

Agreed. I stil run the numbers, though.

If a used car makes sense, I’ll go for it. If a new car makes sense, as it did in my recent purchase, then that’s what I’m going for!

I drove my last car 6 years before getting in an accident. I would have kept driving it otherwise. So I, like you, plan on keeping the car for a while.

]]> By: MyLifeROI http://www.myliferoi.com/2009/12/general-tips-to-avoid-fast-depreciation/#comment-2434 MyLifeROI Tue, 22 Dec 2009 09:08:56 +0000 http://www.myliferoi.com/2009/12/general-tips-to-avoid-fast-depreciation/#comment-2434 @Kosmo @ The Casual Observer, Commonality of parts... I like how you put that. That's probably another reason amongst many that Civics / Accords / Corollas / Camrys / etc hold value. I didn't realize Ford had decided to kill the Taurus. The new one is quite different. I saw it when I was getting my Focus. I think Ford has done a pretty good job revamping their image and their product line. @Kosmo @ The Casual Observer,

Commonality of parts… I like how you put that. That’s probably another reason amongst many that Civics / Accords / Corollas / Camrys / etc hold value.

I didn’t realize Ford had decided to kill the Taurus. The new one is quite different. I saw it when I was getting my Focus. I think Ford has done a pretty good job revamping their image and their product line.

]]> By: Craig http://www.myliferoi.com/2009/12/general-tips-to-avoid-fast-depreciation/#comment-2431 Craig Mon, 21 Dec 2009 20:17:47 +0000 http://www.myliferoi.com/2009/12/general-tips-to-avoid-fast-depreciation/#comment-2431 I still opt for the new car if you can manage it because it's not something you should plan on replacing or selling anytime soon. .-= Craig´s last blog ..<a href="http://blog.budgetpulse.com/2009/12/21/10-ways-to-prepare-financially-if-you-suspect-youll-be-laid-off/" rel="nofollow">10 Ways to Prepare Financially If You Suspect You’ll Be Laid Off</a> =-. I still opt for the new car if you can manage it because it’s not something you should plan on replacing or selling anytime soon.
Craig´s last blog ..10 Ways to Prepare Financially If You Suspect You’ll Be Laid Off My ComLuv Profile

]]> By: Kosmo @ The Casual Observer http://www.myliferoi.com/2009/12/general-tips-to-avoid-fast-depreciation/#comment-2429 Kosmo @ The Casual Observer Mon, 21 Dec 2009 13:54:53 +0000 http://www.myliferoi.com/2009/12/general-tips-to-avoid-fast-depreciation/#comment-2429 There's also the issue of commonality of parts. If you car's part are interchangeable with those from several model years (or, even better, similar cars by the same manufacturer), it will retain more value simply because it's cheaper to fix. If you think about it - if you were buying the car several years later, used, wouldn't you prefer a car with parts that were easy to find? Also, when the car does bite the dust, the parts will have some value, since they can be used to repair other cars. When we made our last car purchase, we bought a program car. It was a 2006 that we bought in April 2006 with 9500 miles on it. That was new enough for us :) Of course, did didn't have much of a choice. We wanted a Taurus, and 2006's were only available to fleet customers (as Ford had made the decision to kill the Taurus - a decision that they have since reversed.) .-= Kosmo @ The Casual Observer´s last blog ..<a href="http://feedproxy.google.com/~r/TheCasualObserver/~3/8s8dztXtJNY/" rel="nofollow">A Crazy Plan</a> =-. There’s also the issue of commonality of parts. If you car’s part are interchangeable with those from several model years (or, even better, similar cars by the same manufacturer), it will retain more value simply because it’s cheaper to fix. If you think about it – if you were buying the car several years later, used, wouldn’t you prefer a car with parts that were easy to find? Also, when the car does bite the dust, the parts will have some value, since they can be used to repair other cars.

When we made our last car purchase, we bought a program car. It was a 2006 that we bought in April 2006 with 9500 miles on it. That was new enough for us :) Of course, did didn’t have much of a choice. We wanted a Taurus, and 2006′s were only available to fleet customers (as Ford had made the decision to kill the Taurus – a decision that they have since reversed.)
Kosmo @ The Casual Observer´s last blog ..A Crazy Plan My ComLuv Profile

]]>