- May 18, 2020
- Reaction score
- Vehicle Year
- Make / Model
- Ranger 4x4
- Engine Type
- 4.0 V6
- Engine Size
- 2WD / 4WD
- Total Lift
- skyjacker front leveling kit
- Tire Size
- My credo
- Crossed threads are tight threads.
While this is generally true, there are exceptions the rule, especially nowadays in these weird times. Besides things like the "chip shortage", people are starting to appreciate well made older stuff. I'm not talking about high end or rare vehicles only, some regular cars too, can gain value, or at least pay for themselves.Despite what most car salemen will say, AUTOMOBILES ARE NOT AN INVESTMENT !!!
They are one of the biggest money loosing liablities out there, only Boats\RVs & bad Marriages are worse.
So I look at the price I've paid for all the vehicles in my life, as each one being too much.
All you can do is shop around, use your best judgement to minimize the financial damage, & don't shop vehicles again, until you have to.
Consider yourself lucky if you've got a vehicle that is reliable\maintainable\affordable for your situation.
I look at it as everything has operating and maintenance costs, even stock portfolios. How much money has that vehicle made you getting you to work and back every day? What would it cost you in time, money or effort for transportation otherwise? I would consider that an ROI, even after costs, unless its a piece of crap vehicle lol.
My F150 has made me money and cost me very little in maintenance and repairs. By hauling tools for jobs etc... and one time I came up on a (junky) boat because the guy needed it out of his rental and had no way of towing it. I made a few bucks selling it.
Don't get me wrong, there are plenty of money pit vehicles out there. But for example, I would have gotten a lot more than I paid for my 1985 bronco if I had it to sell now. Trucks are especially in high demand around here.