Some excellent answers and perspectives here. I thought I'd just add mine:
1. Buy and service what you can comfortably afford, as long as safety and (if applicable, eg. if car is used to transport parents or older folks) comfort are not compromised.
2. Expensive cars don't necessarily breakdown any more than cheaper cars, and cheaper cars don't necessarily mean fewer issues than expensive ones. However, it's a fact that in the event when an expensive car does breakdown, the cost of repairs/replacements will be more expensive than the equivalent cheaper car's. You'll have to factor that into consideration before your purchase.
3. A badge is just a badge. No need to show off a badge when there's money in your bank account. I drive cars I can afford to pay off in cash, not because I need to feel rich or because I want to appear rich. Many moons ago, I wrote something in /k that pissed quite a few people off - when I said that I would not buy a car that's worth more than 10% of my annual income. And, if I wanted an expensive Porsche, for example, I would allocate 10% of say 2 years of my annual income, before I pulled the trigger.
That's why when I first asked /k what Porsche I should buy, it was nearly 2 years ago. In those 2 years, I accumulated enough to buy both the Cayenne and the 911 in cash (and I could upgrade my original choice of the base 911 or 911S to the GTS version). Stick to a financial plan and execute it. That way, I keep buyers' remorse to a minimum, and I sleep better at night. That's my way of keeping to my self-set limit. I still stand by my personal philosophy - and it has worked very well for me up to this point. No point getting into debt over a depreciating asset.
4. "Downgrading" a car brand doesn't mean you sacrifice enjoyment. For example, a Toyota 86 will give you 80 - 90% of the same driving thrill at normal driving conditions as say a Porsche 718, and a Fortuner will still take you to places even a Cayenne might have trouble traversing. You just have to choose the model variant that suits your needs and your budget.
Just my humble 2 cents. Good luck on your decision, my friend!
anyone downgraded car brand?
Sep 14 2023, 09:51 AM
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