Quote:
Originally Posted by Bad Lobster
Amortizing such a quickly-obsolete toy over 10 years is wishful thinking. Fish's acquaintance saw his lose 60% of value in two years. How long, seriously, until this model isn't cool any more? And how long until you're no longer excited to drive it? I'll bet a lot less than 10 years.
Comparing yourself to rich people on forums who like to throw money away for fun does make you personally awesome, but it isn't good financial planning.
I am having a very difficult time understanding what you are saying.
1. What happened to Fish's friend is not necessarily typical of the market.
2. I am hoping I am excited for many years. One of the best parts about this car is that they use the wifi built in to download updates to the vehicle. Advancing and enhancing your experience by software upgrades is one of the single most attractive features to Model S drivers.
3. I expect that I will drive this car for close to 10 years and if there was a way to take that bet I would snap. Here is my auto history:
age 16: Toyota truck
age 25: Lexus SC300 used
age 35: BMW 545i
age 45: Tesla Model S
see a pattern here?
4. I don't think I ever compared myself to rich people who throw their money away. In fact, I have spent a great deal of time on this decision since I am just a hard working shift worker making a pretty big purchase that will not be something I can just trash and redo even if I want the bigger/newer model/ (I already do. I mean 0-60 in 3.2
)
5. Where is the flaw in financial planning other than the fact that cars are depreciating assets? They are not investments. They are purchased for enjoyment and as a reward, in my case anyway, for a ****ton of hard work.