Hah! I laugh. Don't care what people think of me by the car I drive.

In theory, could buy quite a few Rollers, but I choose to drive around in my 18 year old station wagon on LPG (can't get more daggy than that).

Cars are a money pit, especially new ones that depreciate. I try to keep my vehicle expenses as low as possible, because I would rather be doing other stuff than wasting my money on perceived status.

I have read many an article on personal finances that say that new cars are sure fire way not to accumulate wealth. Hopefully there will be one on this site soon in response to this article.

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A strange article to appear in money magazine... I think of cars as a financial liability. When I buy a second hand car I always check the depreciation curve to calculate value for money.... My next step is to ensure it aligns with lifestyle. But you are right. A lot of people use their car as a projection of themselves. I remember an article a couple of years ago where a guy was driving a hummer in Sydney. He stopped at some lights and someone said 'nice car', he took it the wrong way and beat up the pedestrian.

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Having just come back from having my Mazda serviced by the local dealer, I definitely agree with the money pit. Having driven a camry for 10 years where servicing was cheap and it only needed tyres, battery and brakes, I was shocked at the price dealer servicing and then all the extras they expected to tack on. The previous year, the dealers report said there was >50% brakes remaining but after a further 10,000 Kms they said it was now

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When I see someone driving an extravagant, unnecessary car like a Ferrari, Porsche or Bentley, I like to hope that they are as generous to those in need as they are to themselves.

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I generally agree that cars don't make a good investment however just look at the price of old cars nowadays! A good friend just bought an early 70ies Holden for the price of a house not too many years ago. What's causing this? Low interest rates? I hear profits from car sales aren't assessed as taxable (as generally they sell at a loss), so could both of these reasons be contributing to the price rises? Or perhaps with the end of ICE (Internal Combustion Engines) just around the cornier is now being seen as the last chance of grabbing one and the old HOMO syndrome ramping up the prices? It's happening worldwide, though. I'm very interested to hear others thoughts on this.

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a pet hate of mine is people driving around older C Class Mercedes C180 OR C200 W203 OR E46 BMW 318i's most using insurance payouts when in a lot of cases unaware of the money pits an older German car are a more suitable Japanese Small Hatch like a Corolla,Pulsar or Mazda 3 maybe an Impreza does the job just as well without the wanker factor.

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