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OzECruisers General Discussions E/N/D vehicles General Discussion ONLY. NO TECH THREADS

 
 
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Old 16-10-2011, 12:23 AM   #29
Nic302ef
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Join Date: Jul 2008
Location: Perth
Posts: 539
Default Re: How long have you had your E series?

Quote:
Originally Posted by Jim5_0
Could be worse or rather it was worse. When I bought my EB back in 1998 they were running at the $9-11K price bracket however if I wanted something a bit flashier an NC Fairlane was going to set me back about $28,000 ditto an ED XR6.

I can't complain I paid $8,500 for the EB wagon off a mate in 1998 and sold it 12 months ago for $2000 so $6,500 in 12 years is not that bad.

I have never borrowed money for a car as the interest just adds insult to the injury of depreciation. Besides if you can't afford the car today after a couple of years saving for it your cash goes up and the value of the car goes down so you can then buy it.

A psychologist friend told me a good way to look at it was when you purchase a car consider the money that you paid for the car gone forever. Then if you sell the car anything you get back is a bonus. I guess that's OK if you are a well paid mind reader.
i agree with that espicialy the last point, thats why i tend to stick to the older vehicles around the 5k mark.

except the stupid mistake of buying an FG xr6 for 34k.... now if i try and sell it would only get like 20k, plus 20k owing on the loan, so would come out with nothing.
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94 ED XR8 Sprint: SVO alloy heads, FMS F303 cam, AU EECV ECU, T5, on going build.

2010 Territory: family bus.



79 P7 LTD 351.
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