It's just a car

I find that I am far calmer when I am driving not my own car. That is not to say I am more careless when driving other people’s cars. I still drive defensively, and avoid the assholes on the road as best possible. (Because the best way to win a fight is to not get in one in the first place.) But for some reason, I am more amped up when I am driving my BMW M2. It’s skin in the game: when the car is bought with your own money, you are wont to stress more about its condition.

Conversely, when something is borrowed, people tend to treat it worse. The fastest car in the world is a rental car. At my workplace, you should see the state of some of the laptops we get in return from users. They treat the computers with utter carelessness. I want to say they wouldn’t treat their own laptops like that, but I have to wonder. How a person do anything is how they do everything.

I have to say, it is nice to drive around with less stress. Perhaps I should lease a new car every three years, though that is a hefty price to pay for a slight increase in peace of mind on the road. Not sure about that one.

Because outside of rent, the automobile is our second largest expense. Spending unnecessarily high on cars is how people fall behind in personal finances. I would know. People talk of cutting back on the three dollar daily coffee (it’s probably six dollars now with inflation) in order to get ahead, and it is stupid. The much bigger lever is the car. You can have all the Starbucks you want when you are not spending hundreds (even thousand) of dollars on transportation per month.

You know what also would lower my stress while driving my own car? Not owning such a “nice” car in the first place. I might as well turn in my car enthusiast card in now…

Lunch time.

Afford to maintain

My BMW M2 is due for its annual service in September. Good news for me, I already prepaid for this last year. $800 for two annual services seems like a fantastic deal to me, especially so with all the inflation going on.

It would be naive to think the inflation hammer missed the automotive maintenance and repair industry. Apparently, there’s a shortage of skilled mechanics. You know what that means: labor cost is higher to keep the few good ones. Even if parts and material costs remains flat (I see the five quart jug of motor oil I bought back in 2022 is only $3 dearer), the price for an oil change would have certainly increased due to the higher shop rate. Can Jiffy Lube even do $20 oil changes anymore?

It feels like $100 is the new $20.

The average transaction price of a new car is $48,000. Auto insurance premiums have increased about 20% for everybody. Gasoline prices (for 91 octane) have stayed consistently above the five dollar mark this entire year (San Francisco Bay Area). The math of car ownership is quickly becoming a painful one. It’s no wonder people skimp out on vehicle maintenance. A car only needs periodic oils changes, and nothing else, am I right?

Japanese cars have a reliable reputation because they can survive on oil changes alone. German cars have an unreliable reputation because they absolutely cannot. For example: the M2 calls for spark plug changes every three years. Go see how long the engine will last if an owner ignores the book and just changes the oil every year.

I think German cars can be equally reliable as the Japanese, so long as you follow the maintenance manual to the letter. Obviously, that’s going to cost a hearty chunk of money annually. This is why I would hesitate to buy a used German car that doesn’t have a full stack of maintenance invoices matching the book. The only used car I ever bought - the 911 GT3 - had full dealership service records.

I am definitely saving up for future maintenance spend for the M2. It most certainly is going to get more and more expensive.

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The pearl of Canton.