50% of users in a Suiss “mustachian” FIRE community: “Get a 60k used car!”
Wait 10 days … - Hey, while we’re talking about it, why not get it new?
Buying a brand new car is a once-in-a-lifetime experience. Never can something lose its value faster, so nobody ever wants to do this a second time.
Buying a brand new car at the age 23 was undoubtedly my biggest financial mistake to date.
At 23 makes sense, unless your parents are in the fire community or at 23 you think like a 30-40 years old
The other point of view is to buy a new car and keep it 10+ years. You can increase the probabilities to have less issues when it’s getting older (especially because you know how you used the car)
I bought my car ~37K 12 years ago, and it still runs perfectly and maintenance costs are minimal (~140k km).
If I had to do it all over again, I’d buy a new one. My biggest financial mistake was buying a used car at 11K (~60k km) that cost me a fortune in maintenance… I kept the car for 3 years before sending it for export… a money pit!
For me, knowing the vehicle’s driving and maintenance history is a determining factor.
Well statistically, buying used and reasonable is a lot more advantageous from a monetary point of view, even if you personally might have had bad luck in one and good luck in the other case.
What I start to realize, looking at the language and arguments used, is that buying cars seems to be more of an emotional than a rational thing for some people.
I think you are right.
It’s like for a woman to buy a 5k Balenciaga bag.
@wavemotion respectfully, that does sound a very cliché statement.
Same for a men buying a 60k car with big rims, red brake calipers, huge exhaust, etc?
Totally unnecessary
Yeah, maybe avoid the stereotypes either way
Yeah, if you are using >50% of your assets for a new car, then it was probably not very smart to do that.
But thank you for your honesty and sharing your experience - I can fully understand your situation that thime.
A key aspect of minimalism is to also be happy with what you have; it’s not to find happiness in objects. But that does not mean you cannot allow yourself nice things.
Despite what many will have you believe, cars are a necessity for many of us, especially if we want to do groceries in bigger supermarkets, have hobbies in nature or simply want the comfort of owning a car. Give yourself at least one pleasure; life’s more than just saving up like mad.
I mean those are not stereotypes, but real life examples
Discrete (single or few data points) real life examples then applied to very broad categories of the population (women/men) for no explained reason.
a.k.a.: stereotypes.
Edit: I would add that if that is the image of men/women going around in your circle of acquaintances, then said circle may be part of the problem when it comes to striking a good life balance in relation to frugalism.
“A man” - “A woman” it’s not “all”
Anyway if someone feels offended I can remove it
I knew it