Quote:
Originally Posted by cchui369
Quote:
Originally Posted by MrRoboto
Glad I can buy the car I want to drive and have fun in and not worry about how it looks to other people.
As for a business decision, instead of being...just another investment banker, driving a Porsche (my guess is its black or grey) why not be the guy in the orange BMW?
If you explained to your clients that 1M may not be the prettiest car out there but its all-around usability and exclusivity mean it will carry value better in the future, whereas the Porsche is a good deal now, be lots of fun but in the long run will be worth a fraction of what it is today. Think of the 1M as a solid mutual fund and the Porsche as silver.
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It's actually red.
One more thing: you can never compare a car to an investment. A car is a depreciating asset, no matter how you look at it. |
Dismissive and incorrect. First off, a car CAN be an investment. Buy a mint condition e36 m3 lightweight, or an E30 M3, and park it in the garage and come back I 5 years and it will be worth more money than today. TYPICALLY, a car is a depreciating assett, but not ALWAYS. Mr. Roboto made a good analogy, because even when considering a depreciating asset, some items depreciate more than others. I don't know about the rest of you, but I would prefer that my car also depreciates as little as possible while providing me with transportation and maximum enjoyment. Compare a 135 vs an 1M. Both with same mileage and both with same care. Which one will depreciate less over time? Price no object, The 1M is the better purchase. Perhaps not the better value, but Indeed, the better investment.