Originally Posted by
merlinextraligh
Matter of priorities. Two scenarios: One, $23,000 new Honda Civic, and a $2,000 Trek. No one would take issue with this;
Two, $20,000 Specialized, and a $5,000 used Honda Civic.
Other than potential differences in the rate of depreciation, there's no big financial difference, just a different set of priorities.
Wouldn't be my priorities, but to each his own.
I agree with you about priorities. Most people would say that opting for the latter of the two is just plain stupid.
However, $20,000 for a bike and $200,000 for a Ferrari--perfectly reasonable option.