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Old 08-20-2013, 04:33 PM   #11
recycledsixtie
 
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Join Date: Nov 2011
Location: Edmonton Canada
Posts: 824
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Well Perfectlap you do have a point. I see both sides. I never started saving/investing money until I was 40 yo. I bought secondhand sports cars when I was in my 20's. Some were junk, some not so much. My first P car the Boxster I bought in my 60s'. No regrets because I did not want to be faced with big repair bills earlier in life associated with high end cars like the Porsche.

Each person has to find their comfort level in terms of how much they want to risk in terms of a major failure of their car. I won't get so upset in my stage of life if I have an Ims failure(but have the Ims Guardian installed). If I was 20 yo I likely would just park it until I had the cash together to get it running. I do not believe in car loans but that is just me. Every time I go to the indy shop I spend a $1k a visit. I cringe, my wife cringes but that for me is the price of admission. You do have a valid point Perfectlap about investing early but that was never in my mind at age 20! Each person has to make their own decision and find what they are comfortable with.....
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