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      10-06-2019, 09:27 AM   #65
Efthreeoh
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Drives: The E90 + Z4 Coupe & Z3 R'ster
Join Date: May 2012
Location: Virginia

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Quote:
Originally Posted by allinon72 View Post
Even if you plan on keeping the car 50 years, is there really a difference between a brand new car and the same car with 5,000 miles, for example? It's the same car, without thousands/tens of thousands of near instant depreciation. Now, if you have a certain net worth, this conversation is irrelevant. But if you have a net worth of under 1 mil, it really doesn't make financial sense to buy a new car, finance or cash.
I completely disagree with this argument. First off net worth has nothing to do with the ability to afford buying a car, regardless if it is new or used. Affordability come from useable income one can afford to outlay for his transportation needs. If it were true that it doesn't make financial sense to buy a new car, then almost anyone would be in financial ruin. The financial impact of purchasing a car (if not bought as a toy), comes down simply to how much per-mile the car costs the owner to drive, which is calculated using a formula for total cost of ownership, or Total Lifecycle Cost (basically purchase price, fuel, maintenance, and repair). The longer the car is owned the cost of initial purchase is amortized over a longer prior of time and mileage. Buying used just means the car has theoretically, an overall shorter life span for the person who bought it used. It's nowhere near 50 years.
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A manual transmission can be set to "comfort", "sport", and "track" modes simply by the technique and speed at which you shift it; it doesn't need "modes", modes are for manumatics that try to behave like a real 3-pedal manual transmission. If you can money-shift it, it's a manual transmission. "Yeah, but NO ONE puts an automatic trans shift knob on a manual transmission."

Last edited by Efthreeoh; 10-06-2019 at 02:01 PM..
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