Quote:
Originally Posted by 68lemans462
Congrats on your situation (I guess). To each his own but I'd rather walk or CRAWL than make multiple car payments OR rob my retirement funds to fund the purchase of an unnecessary depreciable asset. Guess I'm just a cheap azz...... I normally don't make comments like this but you are kind of inviting them in giving us all this information...... Please feel free to hate me.
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I understand your point of view, and at one time, when I was younger, I felt the same way. As I got older, I got lazy about having to constantly repair older, high mileage vehicles. Breaking down on road trips is something that got real old real fast too. I had one truck that was actually costing me more in monthly repairs than payments on a newer vehicle.
As for the car payments, well they do add up, but we own a smaller house than most people. I would venture to say I spend less than the guy with a large mortgage and fewer cars.
I didn't "rob" my retirement funds. It is a loan, to which I pay myself back, with interest, as opposed to paying a bank. At the time, I wasn't making much interest on my 401k. If anything, I was loosing money. By taking the loan, I was paying myself more in interest than I was making by leaving it alone. There is much debate over whether or not this method is a good idea, but we felt it made sense at the time.
Now, as for buying cars that only depreciate, well they can't all be collector cars. A while back, my father came into some money. Some people told him to save the money for the future, but he was of the mindset to enjoy life while you can. He bought a 2010 SS Camaro, and a large, Dodge quad cab truck. He prized those vehicles, and loved driving them. He passed away, unexpectedly, not long after that. I can't help but wonder how different his last years would have been if he had saved the money, and not splurged on unnecessary vehicles and such. We try and keep a balance of enjoying life while still putting away some for the future. I am happy with our purchases, and would do it again.