Originally Posted by
UberGeek
You're original figures were specious, because they assume that a typical use case scenario is that everyone gets 94% of purchase price in re-selling the vehicle.
I don't give a flying crap how good you are at negotiating, you will never get more than 110% of the Kelley Blue Book value for a car when traded/sold to a dealer. Perhaps, you may be able to hunt down a fool who would pay more than the retail Blue Book value in a retail sale.
A typical use case is NOT an insurance settlement where you get full replacement value. That's why your figures are completely specious.
Used specious several times... And were completely wrong.
First, I never claimed everyone could match the numbers I achieved, though owning a car cheaply is easy as other examples provided here demonstrate.
Second, I never claimed I got the resale price from a dealer. I sold those cars privately in all but one case...
Third, I have addressed the specious argument about the insurance settlement, previously... I suggest you go back and read before making further ridiculous statements...
Now I am amused that so many on this forum act offended that car ownership does not have to be the financial pit that some claim... Guess that you'll have an inferiority complex about your lifestyle choice and need artificial "facts" to support your choices... Kind of like that car free vs car light thread...