Desert E34
Originally Posted by
BennyM
I'm just thinking/lamenting out-loud here:
I love my 525i, but I often hesitate to add new parts to something that I know is slowly rusting away.
I should also say that, while I could get another E34 from a warmer/drier climate, my current climate would still destroy it at an accelerated pace.
I have a couple options I think:
1. Throw another $2500 at my current 525i
2. Find another more-unique E34 from TX, GA, CA....
2. Upgrade to a newer BMW,
What have you guys done when your car begins to show its age?
Fresno has a desert climate so my E34 is rust free. My 72 2002 is as well. The 07 we bought 2.5 years ago has depreciated over $6000 in the time we have owned it. The '03 Lincoln has depreciated $10,000 in the 6 years I've owned that sumbitch. That's $140 a month on the Linc and $200 a month on the BMW in depreciation on USED cars plus hefty insurance, sizable registration and on and on. That kills me and I just can't rationalize it at all.
My wife is going to kill me but I'm rebuilding the E34 to drive and drive and drive. When the E34 is back on the road I am going to dig into either the Klincoln or the E10. Maybe both.
Minimize your depreciating assets.
Yes, they've progressed in the last 19 years, but at what cost do you want nav that isn't as good as your phone's and air conditioned seats? They be 'spensive and I don't think they are worth the hefty depreciation.
I know an 80YO dude who just bought his first new car. He says over a million of his net worth is due to never having bought a new car.
OY!
Link to my M50 engine rebuild thread
http://www.bimmernut.com/forum/showthread.php/43339-M50-Eng-4L30E-Trans-RRR-Far-More-Than-I-Ever-Expected?highlight=93+525+paul