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re: Should i sell some of my cars?
Posted on 3/24/13 at 8:44 am to fightin tigers
Posted on 3/24/13 at 8:44 am to fightin tigers
I asked the question to c what other ppl would do, to c what other ppl think.
2
Posted on 3/24/13 at 9:34 am to SD90MAC
Personal opinion.
Everyone has excess at some point in their life. Yours happens to be cars. None seem to be the type of car that will hold value, much less go up, and for the most part automobiles shouldn't be an investment.
All that said, I don't think many people have 5 cars for two drivers. I find it hard to justify just having a 3rd vehicle between me and the wife. Does that mean you should sell just because other people don't think it is right? Sure, if you want other people making you decisions over the Internet.
btw, the OT is the place to flaunt your wealth....well relative wealth.
Everyone has excess at some point in their life. Yours happens to be cars. None seem to be the type of car that will hold value, much less go up, and for the most part automobiles shouldn't be an investment.
All that said, I don't think many people have 5 cars for two drivers. I find it hard to justify just having a 3rd vehicle between me and the wife. Does that mean you should sell just because other people don't think it is right? Sure, if you want other people making you decisions over the Internet.
btw, the OT is the place to flaunt your wealth....well relative wealth.
This post was edited on 3/24/13 at 9:35 am
Posted on 3/24/13 at 9:45 am to SD90MAC
quote:
I asked the question to c what other ppl would do, to c what other ppl think.
Out of those, I'd dump the Fiesta - the money it is "saving" you on gasoline, is probably costing you that in insurance. It also has the greatest potential for depreciation. I would alternate driving your older cars to work.
The only caveat it is - IF you drive a long way to work, and really, really need an efficient 4-banger, then sell the Cobra or the lightning. You're not going to get anything for the F-100 and that could turn into a child's school vehicle. The Cobra is going to kill you when try to insure teenage drivers anyway.
I think 5 is the limit, and that's assuming you've got a teenager coming up on a driver's license test in a year or two. If you want to cut to 4 - figure out which vehicle you drive the least OR which one you like the least.
If you're loaded and don't want to sell anything - don't worry about what everybody else says. I know a crazy lawyer that owns about 20 cars.
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