Gee I hope not. The best I have ever done is to sell a car for what I paid for it three years down the track in the mid 80s. Trouble was that while inflation had covered the depreciation on the old one, the same inflation had also doubled the price of the replacement. Back to square one really.
I bought the last car that I financed in March 2020. I could have paid cash by selling *HGO at 2.7c. Its 5.2 c so I'm a free car up less a bit of interest. * VMT at 14c. Its 41c so I'm two free cars up less the same small amount of interest.
Glad I financed it.
That happened with the world economies in turmoil due to repeating waves of covid and Russia and China firing rockets at their neighbours.
Hopefully when it all stops or we simply get used to living with it, which is more likely what will happen, the brilliant move of financing the new car, will during the next two or three years put me 5 cars ahead or possibly one extra special one.
Do you still have the 560 ?
I hope the group of old hands are all still holding the November get together dates firm in spite of the original 30c share price hurdle looking a bit shaky.
HGO Price at posting:
5.2¢ Sentiment: None Disclosure: Held
