Ok, so this post doesn’t have much to do with the market, but more about what to do with your gains! Those who know me know I love cars. I have owned literally over 100 and, yes, I have lost money on every one. Because of the later part of that last sentence I now get nauseated when I walk through a car lot even when it’s my beloved BMW. I cannot stand to even think about buying a car of any kind. I hate the idea. I hate it so much I drive around in a piece of s*** 2009 F150 fleet truck just because it’s paid for and I refuse to pay for anything else. Nothing on the market today is worth the money – absolutely nothing.
Ok, that’s not exactly true. My company car is officially a cute little white (leased) BMW 320i. Did I lease another M3? No! Did I lease a cool, black 550i twin-turbo or M5? No! I leased the cheapest 320i I could find and only for two (2) years! The thought of owning anything longer than that (except real estate and stocks), again, nauseates me. The worry, stress and anxiety of owning (leasing) exotic $100,000 automobiles is just too much for me these days. The cost of ownership of any vehicle is simply too high. Always lease as well.
There are two main reasons I didn’t lease a new M3: the seats are freak’n terrible and BMW stupidly eliminated the extremely awesome V8 in the latest generation. A V8 that also had an amazing sound upon initial start. This brings me too…
THEN CAME LEXUS
Out of the blue I’m minding my own business watching television and Lexus decides to show me their new LC500!! A true-to-life concept car that has apparently made it to production. Not only that, but with a normally-aspirated (non-turbo, no supercharger) good ol’ fashioned V-freak’n-8! Yes, Lexus installed a 5.0L V8 in their latest coupe and the car looks amazing. Almost fake…
Thank you Lexus for having the guts in this EPA restricted world to produce a V8 and throw the turbo out the window too. You got my attention and now you have my respect. Sure, after configuring online, it will cost roughly $105,000, but this is the FIRST car in years that I would actually be willing to spend money on (if it’s comfortable).
The word “buy” is also a little strong. Let’s be honest you never “buy” a depreciating asset. You lease that puppy and that’s exactly what I would do for the shortest period allowable. If you cannot lease it you walk away.
I mean really, what else are you going to do with your money? Oh wait, that’s right…buy Nvidia Unfortunately, we could not get stock quote nvda this time.! I’m still up over 400% on my JUNE 100 CALL’s! Whohoo!
OH, HOW I LOVE A GOOD V8
So congratulations to Lexus for thinking outside the box and trying to build a car worth buying in a world where everything is the same. Where everything must be battery powered, be calm and kind having the excitement level of a root canal. Thank you Lexus for looking back in automobile history and realizing the V8 is not the devil and doesn’t need a turbo if built correctly.
I will indeed drive to the closest dealership (which I believe is in Brentwood, TN) and have a test drive. Depending on lease terms I could very well come home with one and if Lexus only knew how big a deal that really is they would have named this car the “JRD” ha!!
Lexus, you’ve restored my faith in humanity…good job! This my friends, is why we invest our money and save, save, save! As my father often says…patience.