Comparison of $ spent on daily drivers/family cars vs PT car, race car, hobby car

[Flash68]

So I was pondering this idea the other day and thought it would be interesting to discuss/poll.

I used to spend way too much (IMO) on my daily driver as a proportion of my income/assets. Chalk it up to immaturity and insecurity.

Now I feel like I have it more figured out (for me anyway).... less money invested in daily driver type cars (think: maximum depreciation) and more in the Camaro (depreciation maybe, but less ).

And it feels good to not have a loan on any of our cars. (These cars are not fancy BTW -- the TOTAL value of our 3 daily drivers are probably less than $10k).

[intocarss]

I spent way too much $$ on my daily drivers as a proportion of my income. Chalk it up to total addiction and stupidity

Poverty is owning a race car, I guess I don't mind poverty

I've always owned my cars out right

[67zo6Camaro]

I used to enjoy buying nicer daily drivers as part of my prior career required it. In addition I also had a company issued vehicle which was a nice perk. Funny thing though, as spendable income went up my daily driver car choices changed to a long term asset and the extra money was spent on hobby related vehicles. Sometimes street bikes, sometimes dirt bikes and camping trailers. Now collector type muscle cars.

A main financial advantage is that we have always paid for everything in full up front other than our mortgage. The biggest shift with our maturity is that we keep our daily drivers until they fall apart. Prior two vehicles ended up being 11 years old and 9 years old before we upgraded. And currently my truck is a 2004 and my wifes Surburban is a 2001. We don't plan on selling them anytime soon.

[Flash68]

Originally Posted by 67zo6Camaro

The biggest shift with our maturity is that we keep our daily drivers until they fall apart. Prior two vehicles ended up being 11 years old and 9 years old before we upgraded. And currently my truck is a 2004 and my wifes Surburban is a 2001. We don't plan on selling them anytime soon.

Same here. Huge shift for me switching from BMW this or that every year or 2 to now driving these things til they just completely bite the bullet.

We joke about the lowest mileage car in our "fleet" has 125k on it. Highest is 342k.

[skatinjay27]

it was me!

i spend more on my dd...
but thats cause my dd is a 96 blue oval car with 160k thats always breaking! and im too broke to spend any money on the camaro

[badmatt]

This Poll is lame...

[GrabberGT]

Im currently fairly evenly split as Im making payments on Daily drivers. I look at it as 3 car payments or really 2. I have 3 vehicles, Ford Fusion (eco driver), Jeep Wrangler (wifes fun car), and the Maverick (my fun car). Both the upgrades on the Mav and the Fusion payment equal the Jeep payment. So I feel in balance. Soon the fusion will be paid off and we'll drive it till I get tired of fixing it.

[takid455]

def more on toys. My DD's are old but reliable and some are given to be and I fix them for cheap.
97 GP - 205k reliable and runs. bought at 64k for my college car. figure at this point the resale is crap and better to drive the wheels off

87 325is - free, but needed engine work. fixed and runs good. DD/ toy - will eventually become track car.

96 Passat TDI - did motor replacement and guy didnt pay. I drive car now and get 40 MPG which is awesome.

I shuffle the cars to keep them current and the fluids fresh. If one is out of commission, I go to the next one.

78 T/A, 74 T/A and 56 olds are all fun toys

[Vegas69]

So ghey I can't belive your not stabbing an LS in your car.

[sik68]

My WRX has long since been paid for...my commute costs $500/month so that's definitely more than I set aside for my Camaro!