Blog

Short blog posts, journal entries, and random thoughts. Topics include a mix of personal and the world at large. 

This might be it

I think if something unfortunate were to happen to my BMW M2, I would probably replace it with something tame and economical. (The refreshed Tesla Model 3, rear-wheel drive with the long range battery is looking good.) The new enthusiast car market has gotten so expensive that the logical brain side of me doesn’t want to pay for something that largely sits (I don’t have a commute). The new Porsche 911 GT3 starts at $200,000 now - $40,000 more than the previous model - which is absolutely insane. Makes me feel slightly better about paying $126,000 for a 2015 model back in 2019.

Even the cheap end of the continuum is in the mid $30,000s (Toyota GR86, or the venerable Mazda Miata). While that is somewhat affordable for me, what isn’t affordable is the insurance costs for enthusiasts cars. I would know: it’s quite expensive to insure the BMW fully. Again, logical brain is working overtime to convince me that maybe this whole love of cars is getting defeated by monetary mathematics.

But we’re suppose to spend a high proportion of our money on hobbies, right? I can’t be looking at my vehicle situation from the lens of a regular person. In their case, yes, they should limit the spend on what is the second biggest money purchase (first would be the house, if anybody can afford one around here). It makes zero sense to drop extravagantly on a depreciating asset. To do it financially responsibly, people should buy a brand new Toyota Corolla and drive it as long as possible.

Because I like cars, and have liked them since I was a kid, I get to spend more of my adult money on them. But these days the adult brain is cautioning loudly against the inflated costs of vehicle ownership. I actually paid off the M2 earlier this year. I certainly feel more carefree with that monthly car payment now extra cushion in my savings account. It’s a very good feeling. The 10 years ago me would have already used that freed up money to buy another car.

Either I have tremendous self discipline, or it is indeed true that there are seasons to life. Perhaps I’ve outgrown my car enthusiasm…

Bay side fun.