I cannot, for the life of me see where, one can afford vehicle's at these prices, and considering that electric vehicles are on the way, why in hell one would pay $100000 -plus for a new 4WD, knowing they wont be worth much within the next 5 years. And where do you guys get the money to do it every coup-le of years. It is a lot to lose over the life of the car. I did an idiot thing myself 11 years ago and paid $65000 for a vehicle that worked okay for 5 years, and became a lemon over the last 6. I should have been shot for wasting that money and then some, on a b....y car.
Derek Barnes said
02:10 PM Dec 3, 2020
Show me an electric vehicle that can travel 1000km in a day towing a caravan! There isn't one and will never be one unless battery systems change markedly.
A second hand car can have more problems than a new car as you could be buying someone else's lemon.
I prefer to buy a new car and treat it well with full servicing, check-ups, etc., so I know it has not been abused. I then use it for at least 10 years to get my money's worth out of it. Hopefully we will be able to get our usual 500,000+ km out of our Patrol, like our previous cars (500,000 and 650,000 km).
Our Patrol may have cost over $100,000 but it can do anything we ask it to do. It drives better than any other car we tested. It handles rough terrain equal to or better than all other cars we have travelled with. It is wonderfully luxurious inside with plenty of leg room for all seats, a centre console fridge which we use every day, heated and cooled leather seats (a must on Canberra mornings when minus 7 degrees, and summer days at 40 degrees), etc.
I know its a lot of money but I think its worth it.
HandyWalter said
02:16 PM Dec 3, 2020
So in 5 years time we will have a plug in electric charging station in the middle of the Simpson Desert, or the Gibb River Road or the Canning stock Route or the OTT? I think not. So ICE cars will still be needed in Aus. As for costs, thats inflation for you and enforced progress by the Greenies, safety experts, Governments all doing their part to enforce change. In regards to loosing a lot over 5 years, you lost the money when you bought the car, not over 5 years. You never can get it back unless you buy an appreciating asset. If you are lucky you have saved so your retirement has a big enough nest egg and so you can afford a new car every 5 years until you are too old to drive anymore or just dont want to. For me I have saved, worked hard, invested wisely (or as best I could) and gave our children the best we could for them to be successful and independent. Now with just the two of us to look after, there is plenty in the "tank" to afford the luxuries of later life. Pity this bloody virus got in the way!! Some dont/did not have the luck I did, some had more, but I am happy that I can buy a new car every few year and go on trips when and where I like. Its the fruit of MY labour and the Rewards of it as well!
Whenarewethere said
03:00 PM Dec 3, 2020
By 2025 Gibb River Road will be sealed & they will stick charging in.
HandyWalter said
03:04 PM Dec 3, 2020
Whenarewethere wrote:
By 2025 Gibb River Road will be sealed & they will stick charging in.
I'll hold you to that assumption Whenarewethere!!! Bet its not. Look how long it has taken to do the Great Short Cut and its still only to the border!!
Peter_n_Margaret said
03:25 PM Dec 3, 2020
Long range 4WDs (and semis and trains and ....) will be electric using hydrogen as the fuel for the fuel cell that creates the electricity.
No pipe dreams. It is happening now. Range is now 400km (for a semi) and that will increase rapidly. www.caradvice.com.au/864030/hyundai-delivers-worlds-first-hydrogen-powered-trucks/
Cheers,
Peter
Phillipn said
09:28 PM Dec 3, 2020
We had PM who said their would be millions of trees planted and no children would live in poverty by the year 2000.
The people whe believed him also believe in the tooth fairy, the easter bunny and father christmas.
The same applies to people who believe Australia will be all electric by the year 2025.
I think not.
Eaglemax said
11:23 PM Dec 3, 2020
Hi BC
Most members here are in or approaching their twilight years hence the "Grey in grey nomads.
Some have had the benefit of a good size super fund (or 2), sometimes quite a lucrative inheritance (or 2) or even a move to a far cheaper country property or unit. Others just worked darn hard to end up with lots of equity.
I'm not in any of those categories but I am mortgage free. I start work 4 days after my 17th birthday- I joined the RAAF. After 3 years (them days) I qualified for a low interest home loan...so I made my own luck. As some young adults if they'll join the defence and you'll get excuses like -" I don't like killing people" or "ill miss my friends". So they stay with mummy till 35yo.
So for various reasons people have different riches. When some retire it can be a good idea to offload cash to buy a good car for financial and tax reasons.
Tony.
Warren-Pat_01 said
12:43 AM Dec 4, 2020
Hi too to BC,
I've had two new cars in 55 years of driving - including our current Isuzu & I was concerned about the nearly $60,000 that we spent buying it! And it's still not perfect but hopefully next year it will be.
The best cars that I owned were the last three (all diesel Nissan Patrol wagons). All were second hand with 80,000, 93,000 & 271,000 kms on their odometers when I bought them. I kept the first for 16 years, the second for 12 years, the last for 7 - it was only weight issues that convinced me to go to a dual cab. Yes there were a few problems - the MQ's head cracked twice (my fault the last time when the thermostat jammed open & we hit a hail storm), clutch went twice (incorrect one fitted the first time), also did a clutch in the GQ. The GU was the most reliable of the three. However I was never held up in isolated areas with any of them. Most of the service work after limited warranties, I did myself - saving heaps!
I was hoping to keep the GU long enough to change it for an electric vehicle but that didn't happen. It would have had 480,000kms on the clock now.
In agreement with Eaglemax, I have a good superannuation pension (often objected to paying 5% of my wages over a 41 year employment) but it has benefits. Every person's situation is different. And after having some serious health scares in the last two years, take every day as it comes, celebrate tomorrow if you wake up!
Whenarewethere said
07:14 AM Dec 4, 2020
I started working part time at 15. A few years later full time. Didn't get into the field I wanted to as there were no jobs. Bought my first property in 89 at 17% interest, paid it off in 15 years. Didn't have a holiday for a very long time.
Effectively only had 3 cars. Always paid cash. The first two +250k km each. The current one bought in 2014. Could have easily bought one for twice the price, but didn't see the point.
We still pay cash for most things as we have a tangible way to watch our money vanish to expenses. In supermarkets we mostly buy what's on special & not what we need that day. Maybe our pantry is a bit full!
dogbox said
07:48 AM Dec 4, 2020
if you got the money, you might as well spend it on things you like before the kids (or someone else) gets it, because they will most likely enjoy it more than you and you can't take it with you!
SKI
Wizardofoz said
08:06 AM Dec 4, 2020
Bicyclecamper wrote:
I cannot, for the life of me see where, one can afford vehicle's at these prices, and considering that electric vehicles are on the way, why in hell one would pay $100000 -plus for a new 4WD, knowing they wont be worth much within the next 5 years. And where do you guys get the money to do it every coup-le of years. It is a lot to lose over the life of the car. I did an idiot thing myself 11 years ago and paid $65000 for a vehicle that worked okay for 5 years, and became a lemon over the last 6. I should have been shot for wasting that money and then some, on a b....y car.
My 1st car at 17 was a 2nd hand bomb dangerously put together that cost just a handkerchief and soon came apart at the seams, at 42 I bought my 1st new car for $42,000 after being in business for 8 years and working 60 hours plus pw. From then on I have always had a new 4wd but kept it below the luxury vehicle price until the last 15 years (I am now 78). Over the kast 25 years of my working life, I changed cars when the lease expired every 3 or 4 years, it that is entirely the right of every purchaser.
My last vehicle, which I still drive, I bought just before I retired in 2010, a Landcruiser, which I bought for cash, it cost $108,000. frankly, after working between 60 & 70 hours every week for over 50 years and only having 2 weeks holiday at Christmas every year, I reckon that I worked for it, earned it, and have every damn right to buy and own it, every one that has such a vehicle is obviously in the same position or has every right to buy their own personal choice of whatever they like.
oldbloke said
09:38 AM Dec 4, 2020
No expensive cars for me.
Started work at 16 and paid extra into super over the years. Sometimes went without to pay it.
Worked hard for it, so not just giving it away to big business and share holders. Would rather my kids get it.
wasn_me said
09:47 AM Dec 4, 2020
An interesting topic. Interesting to see why others do what they do.
I bought a new BT50 in 2011 (60 years of age) It was a great workhorse. The plan was for it to last till I was 75 then downsize to something like a rav4.
The BT50 is a great tug & great on the highway, but a pain in town & parking. Sick of 3 point turns to get into shopping centre & doctor car parks etc.
After a couple of health scares in the last 3 years, I decided to change to a MUX for a bit more comfort, & a lot more visibility around town.
I went down to 650kg pay load, but I can live with that.
I am able to do this mainly because I was prepared to move to places where I could make good money.
My goal throughout the last 15 years of work was to be able to retire at 60, which I achieved. Prior to that I never thought of retirement & probably didn't visualize myself getting old.
That's my situation, what others do is entirely their business.
Cheers Pete
dieseltojo said
12:04 PM Dec 4, 2020
Phillipn wrote:
We had PM who said their would be millions of trees planted and no children would live in poverty by the year 2000.
The people whe believed him also believe in the tooth fairy, the easter bunny and father christmas.
The same applies to people who believe Australia will be all electric by the year 2025.
I think not.
He didn't lie though...He chucked out a bag of seeds from an aeroplane. Planting done.... Then got on with the job of having no children poor before 1990.
-- Edited by dieseltojo on Friday 4th of December 2020 12:06:18 PM
vince56 said
02:27 PM Dec 4, 2020
Bought a $100,000 Landcruiser VX and love it! Worked hard all my life to be able to afford it, it is a great car.
If you have your views Bicyclecamper that's up to you, if someone can afford it and wants one then they have the right to buy one.
As far as electrical goes, great in London, Tokyo or Paris but forget it in 99.9% of Australia. We will never have remote outback charging, it will be cost prohibitive. Hydrogen is the only real option currently and that will take a long time to come to fruition.
By the way, 100% mains-charged Electrical cars produce more CO2 than a small ICE car, people (and greenies) don't think (or admit) about the power being supplied by coal powered generators. Bring on nuclear.
dogbox said
05:19 PM Dec 4, 2020
when it comes to money it is not how much you earn but more along the lines of how much you earn on the money you earn .
how you invest it super, shares, property ect. some people spend less than they earn, others everything they earn other more than they earn there is good debt an there is bad debt . some people can manage money other can't we all fit in some where.
Umpie1 said
06:42 PM Dec 4, 2020
What a lot of people fail to realise that irrespective of the price of the vehicle, the moment it is driven off the showroom floor its value drops by 1/11th. This is the GST charged as part of the purchase price. Plus the vehicle becomes a secondhand/pre owned car and the dealer has to make a profit on the sale of the 2nd hand/pre owned car.
Yes I would like to see hydrogen powered vehicles but you are going to need a raft of refilling stations around the country. I realise that it needs water, but do we have the resources to provide this water?
Bicyclecamper said
06:44 PM Dec 4, 2020
I cannot come to spending big money again on motor vehicle, heck, If I cannot rent or lease and electric/ or hydrogen car, when the time comes, I will use my treadley instead, and the wife will have to use the bus, that comes once a week out here. I did once spend $38000 cash ( besides that other big spend in 09') on a car in 2001 and it lasted and is still running with my daughter owning it for 550000km. I maybe spent in parts on it, $300 not including servicing, over that time. I was annoyed in paying that much, because 6 months later, I bought my 3 bedroom home plus 43 acres for $19000 cash, The house/land is now worth $340000, the car is worth $1500. It may have outlasted any other car I have owned before or since, and I obviously got value out of it, but I still cannot justify the loss of money that it has gone thru. But to everyone here and everywhere else - To each HIs own I suppose.
-- Edited by Bicyclecamper on Friday 4th of December 2020 06:47:44 PM
-- Edited by Bicyclecamper on Friday 4th of December 2020 07:12:10 PM
bgt said
07:43 PM Dec 4, 2020
Isn't it sad how we judge others by how much they spend and what they spend it on? It's all relative to what your expectations in life are. We question someone for spending $100k on a vehicle yet ignore the person wearing a $300.00 pair of shoes. Both depreciating assets.
I'll accept what you spend as long as you don't judge me by what I spend and what I spend it on.
Whenarewethere said
07:52 PM Dec 4, 2020
Of all these expensive Toorak Tractor running around the country, 90% are leased.
Grey Nomads actually own their chariot & mobile estate!
Phillipn said
09:00 PM Dec 4, 2020
dieseltojo wrote:
Phillipn wrote:
We had PM who said their would be millions of trees planted and no children would live in poverty by the year 2000.
The people whe believed him also believe in the tooth fairy, the easter bunny and father christmas.
The same applies to people who believe Australia will be all electric by the year 2025.
I think not.
He didn't lie though...He chucked out a bag of seeds from an aeroplane. Planting done.... Then got on with the job of having no children poor before 1990.
-- Edited by dieseltojo on Friday 4th of December 2020 12:06:18 PM
And the seeds were fertilized with the crap that poured out of his mouth.
Rusty W said
10:51 PM Dec 4, 2020
If you think cars are a waste of money and devalue quickly, how about food, go out to dinner, spend $25/$50 on a meal, what's it worth the next day? Could have bought a couple of pies from the supermarket for a couple of bucks and saved your money. But I like a good feed every so often just as I like a nice car, so who cares.
Bobdown said
11:17 PM Dec 4, 2020
I brought my 1st new car in 2015, when I was still working as a subcontractor and therefore had an ABN.
It was a LC200 series, $85k, but was able to claim back $7k GST, $6.5k luxury car tax and about $5.5k stamp duty, all up about $19k through the business.
With $15k trade in deducted, it was about $51k total which I thought was reasonable for my 1st brand new car.
House paid for, new van in 2017, new Rav 4 for Jayne in 2018, debt free and those vehicles and van will have to last me the rest of my driving days.
It can be done but give the Govt as little as possible.
Cheers Bob
dogbox said
08:48 AM Dec 5, 2020
Bicyclecamper wrote:
I cannot come to spending big money again on motor vehicle, heck, If I cannot rent or lease and electric/ or hydrogen car, when the time comes, I will use my treadley instead, and the wife will have to use the bus, that comes once a week out here. I did once spend $38000 cash ( besides that other big spend in 09') on a car in 2001 and it lasted and is still running with my daughter owning it for 550000km. I maybe spent in parts on it, $300 not including servicing, over that time. I was annoyed in paying that much, because 6 months later, I bought my 3 bedroom home plus 43 acres for $19000 cash, The house/land is now worth $340000, the car is worth $1500. It may have outlasted any other car I have owned before or since, and I obviously got value out of it, but I still cannot justify the loss of money that it has gone thru. But to everyone here and everywhere else - To each HIs own I suppose.
-- Edited by Bicyclecamper on Friday 4th of December 2020 06:47:44 PM
-- Edited by Bicyclecamper on Friday 4th of December 2020 07:12:10 PM
you may have just pointed out good debt as opposed to bad debt
Maccanak said
10:55 AM Dec 5, 2020
I work hard for my money and buy what i want with it. If your unhappy with what you have only you can change it. Moaning about what other people are doing with there money seems pointless.
If my 100k car is worth 50k after a few years it will not bother me in the slightest as i know i've enjoyed towing my van around with my family and given them holiday's to remember.
life is too short to have threads like this :D
Whenarewethere said
11:31 AM Dec 5, 2020
A car is a expense. One has to decide how much money one can afford & is prepared to burn every year against your capital & income, & be able to live.
Not a lot of difference between a car & a yacht: "Yachting is like standing under a cold shower tearing up $100 notes!"
bgt said
09:24 AM Dec 6, 2020
Cars may seem to be 'expensive'. But when you put it into perspective with the average income they are cheaper than they have ever been. According to the ABS the average Australian wage is almost $90000.00 a year in 2020. That'll buy a decent set of wheels. It was $6000.00 in 1970. My first new car cost me $2700.00, (Torana), in 1972. More than a year wages. You can buy a nice car now for $30000.00. 1/3 of a years average wages. So typical when folks look at one number without looking at the 'real' figures.
-- Edited by bgt on Sunday 6th of December 2020 09:25:40 AM
outlaw40 said
10:49 AM Dec 6, 2020
No point being the riches bloke in the cemetery . my kids will get our property and whatever our toys are worth when we die , Anything else they want then they will work for it as we did .We worked bloody hard to get where we are in life ( still do even though i am supposed to be retired ) and I dare anybody to try telling me how I should use my money .
Mamil said
04:21 PM Dec 6, 2020
bgt wrote:
Cars may seem to be 'expensive'. But when you put it into perspective with the average income they are cheaper than they have ever been. According to the ABS the average Australian wage is almost $90000.00 a year in 2020. That'll buy a decent set of wheels. It was $6000.00 in 1970. My first new car cost me $2700.00, (Torana), in 1972. More than a year wages. You can buy a nice car now for $30000.00. 1/3 of a years average wages. So typical when folks look at one number without looking at the 'real' figures.
-- Edited by bgt on Sunday 6th of December 2020 09:25:40 AM
Good point BGT. And I might add that they are a lot more reliable than they were. It still amazes me that such a complex piece of machinery can basically run for ten years and about 250,000 kms just with a regular oil change.
I cannot, for the life of me see where, one can afford vehicle's at these prices, and considering that electric vehicles are on the way, why in hell one would pay $100000 -plus for a new 4WD, knowing they wont be worth much within the next 5 years. And where do you guys get the money to do it every coup-le of years. It is a lot to lose over the life of the car. I did an idiot thing myself 11 years ago and paid $65000 for a vehicle that worked okay for 5 years, and became a lemon over the last 6. I should have been shot for wasting that money and then some, on a b....y car.
Show me an electric vehicle that can travel 1000km in a day towing a caravan! There isn't one and will never be one unless battery systems change markedly.
A second hand car can have more problems than a new car as you could be buying someone else's lemon.
I prefer to buy a new car and treat it well with full servicing, check-ups, etc., so I know it has not been abused. I then use it for at least 10 years to get my money's worth out of it. Hopefully we will be able to get our usual 500,000+ km out of our Patrol, like our previous cars (500,000 and 650,000 km).
Our Patrol may have cost over $100,000 but it can do anything we ask it to do. It drives better than any other car we tested. It handles rough terrain equal to or better than all other cars we have travelled with. It is wonderfully luxurious inside with plenty of leg room for all seats, a centre console fridge which we use every day, heated and cooled leather seats (a must on Canberra mornings when minus 7 degrees, and summer days at 40 degrees), etc.
I know its a lot of money but I think its worth it.
By 2025 Gibb River Road will be sealed & they will stick charging in.
I'll hold you to that assumption Whenarewethere!!! Bet its not. Look how long it has taken to do the Great Short Cut and its still only to the border!!
No pipe dreams. It is happening now. Range is now 400km (for a semi) and that will increase rapidly.
www.caradvice.com.au/864030/hyundai-delivers-worlds-first-hydrogen-powered-trucks/
Cheers,
Peter
We had PM who said their would be millions of trees planted and no children would live in poverty by the year 2000.
The people whe believed him also believe in the tooth fairy, the easter bunny and father christmas.
The same applies to people who believe Australia will be all electric by the year 2025.
I think not.
I've had two new cars in 55 years of driving - including our current Isuzu & I was concerned about the nearly $60,000 that we spent buying it! And it's still not perfect but hopefully next year it will be.
The best cars that I owned were the last three (all diesel Nissan Patrol wagons). All were second hand with 80,000, 93,000 & 271,000 kms on their odometers when I bought them. I kept the first for 16 years, the second for 12 years, the last for 7 - it was only weight issues that convinced me to go to a dual cab. Yes there were a few problems - the MQ's head cracked twice (my fault the last time when the thermostat jammed open & we hit a hail storm), clutch went twice (incorrect one fitted the first time), also did a clutch in the GQ. The GU was the most reliable of the three. However I was never held up in isolated areas with any of them. Most of the service work after limited warranties, I did myself - saving heaps!
I was hoping to keep the GU long enough to change it for an electric vehicle but that didn't happen. It would have had 480,000kms on the clock now.
In agreement with Eaglemax, I have a good superannuation pension (often objected to paying 5% of my wages over a 41 year employment) but it has benefits. Every person's situation is different. And after having some serious health scares in the last two years, take every day as it comes, celebrate tomorrow if you wake up!
I started working part time at 15. A few years later full time. Didn't get into the field I wanted to as there were no jobs. Bought my first property in 89 at 17% interest, paid it off in 15 years. Didn't have a holiday for a very long time.
Effectively only had 3 cars. Always paid cash. The first two +250k km each. The current one bought in 2014. Could have easily bought one for twice the price, but didn't see the point.
We still pay cash for most things as we have a tangible way to watch our money vanish to expenses. In supermarkets we mostly buy what's on special & not what we need that day. Maybe our pantry is a bit full!
SKI
My 1st car at 17 was a 2nd hand bomb dangerously put together that cost just a handkerchief and soon came apart at the seams, at 42 I bought my 1st new car for $42,000 after being in business for 8 years and working 60 hours plus pw. From then on I have always had a new 4wd but kept it below the luxury vehicle price until the last 15 years (I am now 78). Over the kast 25 years of my working life, I changed cars when the lease expired every 3 or 4 years, it that is entirely the right of every purchaser.
My last vehicle, which I still drive, I bought just before I retired in 2010, a Landcruiser, which I bought for cash, it cost $108,000. frankly, after working between 60 & 70 hours every week for over 50 years and only having 2 weeks holiday at Christmas every year, I reckon that I worked for it, earned it, and have every damn right to buy and own it, every one that has such a vehicle is obviously in the same position or has every right to buy their own personal choice of whatever they like.
Started work at 16 and paid extra into super over the years. Sometimes went without to pay it.
Worked hard for it, so not just giving it away to big business and share holders. Would rather my kids get it.
An interesting topic. Interesting to see why others do what they do.
I bought a new BT50 in 2011 (60 years of age) It was a great workhorse. The plan was for it to last till I was 75 then downsize to something like a rav4.
The BT50 is a great tug & great on the highway, but a pain in town & parking. Sick of 3 point turns to get into shopping centre & doctor car parks etc.
After a couple of health scares in the last 3 years, I decided to change to a MUX for a bit more comfort, & a lot more visibility around town.
I went down to 650kg pay load, but I can live with that.
I am able to do this mainly because I was prepared to move to places where I could make good money.
My goal throughout the last 15 years of work was to be able to retire at 60, which I achieved. Prior to that I never thought of retirement & probably didn't visualize myself getting old.
That's my situation, what others do is entirely their business.
Cheers Pete
He didn't lie though...He chucked out a bag of seeds from an aeroplane. Planting done....
Then got on with the job of having no children poor before 1990.
-- Edited by dieseltojo on Friday 4th of December 2020 12:06:18 PM
If you have your views Bicyclecamper that's up to you, if someone can afford it and wants one then they have the right to buy one.
As far as electrical goes, great in London, Tokyo or Paris but forget it in 99.9% of Australia. We will never have remote outback charging, it will be cost prohibitive. Hydrogen is the only real option currently and that will take a long time to come to fruition.
By the way, 100% mains-charged Electrical cars produce more CO2 than a small ICE car, people (and greenies) don't think (or admit) about the power being supplied by coal powered generators. Bring on nuclear.
how you invest it super, shares, property ect. some people spend less than they earn, others everything they earn other more than they earn there is good debt an there is bad debt . some people can manage money other can't we all fit in some where.
Yes I would like to see hydrogen powered vehicles but you are going to need a raft of refilling stations around the country. I realise that it needs water, but do we have the resources to provide this water?
I cannot come to spending big money again on motor vehicle, heck, If I cannot rent or lease and electric/ or hydrogen car, when the time comes, I will use my treadley instead, and the wife will have to use the bus, that comes once a week out here. I did once spend $38000 cash ( besides that other big spend in 09') on a car in 2001 and it lasted and is still running with my daughter owning it for 550000km. I maybe spent in parts on it, $300 not including servicing, over that time. I was annoyed in paying that much, because 6 months later, I bought my 3 bedroom home plus 43 acres for $19000 cash, The house/land is now worth $340000, the car is worth $1500. It may have outlasted any other car I have owned before or since, and I obviously got value out of it, but I still cannot justify the loss of money that it has gone thru. But to everyone here and everywhere else - To each HIs own I suppose.
-- Edited by Bicyclecamper on Friday 4th of December 2020 06:47:44 PM
-- Edited by Bicyclecamper on Friday 4th of December 2020 07:12:10 PM
Of all these expensive Toorak Tractor running around the country, 90% are leased.
Grey Nomads actually own their chariot & mobile estate!
And the seeds were fertilized with the crap that poured out of his mouth.
I brought my 1st new car in 2015, when I was still working as a subcontractor and therefore had an ABN.
It was a LC200 series, $85k, but was able to claim back $7k GST, $6.5k luxury car tax and about $5.5k stamp duty, all up about $19k through the business.
With $15k trade in deducted, it was about $51k total which I thought was reasonable for my 1st brand new car.
House paid for, new van in 2017, new Rav 4 for Jayne in 2018, debt free and those vehicles and van will have to last me the rest of my driving days.
It can be done but give the Govt as little as possible.
Cheers Bob
you may have just pointed out good debt as opposed to bad debt
If my 100k car is worth 50k after a few years it will not bother me in the slightest as i know i've enjoyed towing my van around with my family and given them holiday's to remember.
life is too short to have threads like this :D
A car is a expense. One has to decide how much money one can afford & is prepared to burn every year against your capital & income, & be able to live.
Not a lot of difference between a car & a yacht: "Yachting is like standing under a cold shower tearing up $100 notes!"
Cars may seem to be 'expensive'. But when you put it into perspective with the average income they are cheaper than they have ever been. According to the ABS the average Australian wage is almost $90000.00 a year in 2020. That'll buy a decent set of wheels. It was $6000.00 in 1970. My first new car cost me $2700.00, (Torana), in 1972. More than a year wages. You can buy a nice car now for $30000.00. 1/3 of a years average wages. So typical when folks look at one number without looking at the 'real' figures.
-- Edited by bgt on Sunday 6th of December 2020 09:25:40 AM
Good point BGT. And I might add that they are a lot more reliable than they were. It still amazes me that such a complex piece of machinery can basically run for ten years and about 250,000 kms just with a regular oil change.