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Nice Car or watches?
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Originally posted by monstaR View PostGuys,
Whenever I think of changing my ride, I keep measuring the depreciation against another watch that I can own. Hence I have constantly scraped the idea of getting a nicer car.
Do any of you have this dilemma? Example a Merc has around 15-20 k depreciation per year dependent on how long you hold onto it.
Thoughts?
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Originally posted by ThrottleNormal lah, we all think of things relative to others especially when closer to our hearts.
I use to relate everything to cigars.
For example one Daytona is one full years supply of premium cuban cigars.
But i soon depart from viewing it that way, especially with valuable luxury watches.
I differentiate between consumables and durables.
Car and cigar considered consumables
Watches considered durables.
When i buy a car i just hv to decide how much i'm willing to write off
When i buy cigars, i treat it like food and petrol.
When i buy watches, i treat it like property.
First must like and willing to keep, next must be within budget and finally must hv fair value.
Haha
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Nice Car or watches?
Guys,
Whenever I think of changing my ride, I keep measuring the depreciation against another watch that I can own. Hence I have constantly scraped the idea of getting a nicer car.
Do any of you have this dilemma? Example a Merc has around 15-20 k depreciation per year dependent on how long you hold onto it.
Thoughts?
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