how do u value satisfaction of ownership then? the joy of driving?
i know my car might have shitty resale value IF i do want to sell it, but during the short time with the car, i have plenty of driving joy as compared to some boring boat...
how do u rate that value then?
scenario: $10k saved but I lost 5 years of driving satisfaction? nah... i will pass... i rather have driving satisfaction then worrying about some figures that is going to hit me 5 years later...
Intangible costs (e.g. satisfaction, convenience, etc.) are very much harder to calculate or converted into dollars and cents. Need to ask economist colleague. However, you've managed to answer your own question. Hypothetically, you're willing to lose $10k for 5-years of driving satisfaction. This "satisfaction" is subjective. But let's say we convert it into an ordinal scale, say Likert's 5-point scale. Assuming you're satisfaction level is 5 (perfectly satisfied) as opposed to a better RV car which gives you satisfaction level of 3 (so-so). Thus, you gain 2 points of satisfaction for a 5 year period at a cost of $10k. The next question is, what's your limit/dealbreaker? $20k? $50k? How many ringgit per satisfaction points per year is good enough for you? Ok so now it becomes more complex and less fun.
can an economist even put a value on satisfaction? and mind u diff ppl have diff lvl of satisfaction and also for their limit..
as for me, i don't mind blowing even RM 200k as long as I have satisfaction everytime i get behind the wheels...
good point u have there tho.. hopefully the others can see that....
QUOTE(Bubble Ring @ Mar 8 2013, 05:24 PM)
Not just about driving satisfaction. How about peace of mind driving? Driving a least-safe car equal waiting for disaster happen!
Resale value can be sacrificed but definitely not for your legs!
Here are the example car with premium price tag, high resale value but with poor safety rating:
Peace of mind driving? Like how? Felt dead everytime i get behind the wheels but I am giving the impression that i am supposedly safer? Thats like asking me to prepare for something that MIGHT happen... and while waiting for that something that MIGHT happen, i have to live in "fear/anticipation/etc" while sacrificing the joy that i can get from driving?
Did i even say that driving satisfaction means u must drive a least-safer car?
I guess the "joy/satisfaction" of driving can only be afforded by the rich and famous, no? If one can only afford a Proto*, then he/she should limit his/her imagination (only in terms of driving) and just enjoy the ride.
other people have already answer you...
that is why i say what is the value to be slapped on joy of driving?
for some, is to take their cars (proton or what not) up into the hills of bukit tinggi to enjoy the delicious corners... for some is to enjoy high-speed cruising with their cars.. for some is to enjoy the driving feel of their cars... steering feedback etc for some is to enjoy top down slow sunday morning cruise around town... for some is to do donuts on an empty parking lot...