One rule dont allow anyone else in that car if you're prepared to take the risk.All the best safety wise and maximas merrimas to you percy.
One rule dont allow anyone else in that car if you're prepared to take the risk.All the best safety wise and maximas merrimas to you percy.
Nice one Percy, I'm still driving my 1994 Suzuki Vitara, just clocked 320000k, a few battle scars on the exterior etc. Changing the oil every 5000k along with filter is not necessary, every 10000k is just fine for maximum engine life ,unless you do all your driving on gravel roads towing a trailer.
Still driving my 1999 Totyota Hilux just racked up 400,000 km a couple of weeks ago. Done nothing to it apart from regular maintenance. Was going to upgrade to a new Ford Ranger a few years ago, like a lot of my mates did, but put the $$ into the sharemarket instead :t_up:
Appropriate thread.Turners say no safety rating at all for your Hilux IAK.:ohmy: Good luck.
Hey, it's got safety belts what more do you need? lol.
Not sure if you've seen Top Gears' "killing a Toyota" https://www.youtube.com/watch?v=xnWKz7Cthkk
I'll just put this out there. I continue to be amazed by people with a seven figure portfolio, (some of whom I count as my friends) that drive around in really old cars with a one or no star safety rating. I know many of them that do this which continues to strike me as a strange phenomenon. What is it about the relentless pursuit of wealth accretion that drives them to make this apparent illogical choice ?
Tens of thousands of people in N.Z. every year wish they had bought a stronger safer car when they are involved in an accident. Okay maybe some think that they're a really good driver and they won't be involved in an accident but what about the other person hitting you. Maybe they don't value their own safety much but even then even harder to explain is that these people are happy to see their kids, (who might be driving around their grandkids as well) and or their partner drive around in a vehicle with a very poor safety record. Surely this is illogical for an investor with substantial means to acquire a safer vehicle for their family ?
Turners have a great website. I went on there and there's lots of cars that are not on trade me and its not difficult to buy a good used vehicle with a four or five star safety rating for circa $15K. Safety ratings are generally listed with each vehicle listing. Yes a better car will depreciate more than some old dunger that's almost depreciation proof, (but will that kill you or make a material dent in your portfolio value ?) but yes you, your partner, your kids and your grandkids are FAR more likely if involved in a serious accident to come out materially better off than they would in a cheap old vehicle with a poor crash test record. The road toll of several hundred is only the very tip of the iceburg.
My brother runs a panel beating shop and tells me there's literally tens of thousands of bad accidents in N.Z. per year many of which result in serious / moderate injury.
I don't understand why the accumulation of money should be put ahead of one's loved one's safety and I put my money where my mouth is and bought Mrs Beagle a lovely new 2017 Honda Civic this year, (5 star safety rated on course). $26,500, actually it was a demo done a few thousand km's and comes with a five year warranty. Should easily give ten years trouble free very fuel efficient running.
Its too late after you've had a serious accident to wish you'd made a more common-sense allocation of funds to a safer vehicle for your family.
One of my clients swears his Audi saved his life when involved in a head-on accident...he now replaces it every 7 years or so with the same model whenever Audi update it.
No point being the richest man in the grave is there ?
Why is it some people spend ages and ages deciding on portfolio allocation to maximize their future wealth accretion but make seemingly illogical choices when it comes to allocating a decent amount of capital to some thing so important as their own their families safety when they can so obviously afford a safer solution ?
Are they letting their possibly "insatiable" desire to accumulate wealth run rough-shod over their own families safety ?
Just a thought...Money is like sea water, if that's your only security you'll never have enough, don't ask me to quote chapter and verse but its in Proverbs somewhere.
Is a more balanced approach to valuing one's families safety a more common sense approach ?... after all it doesn't cost a small fortune to drive a much safer vehicle.
Something I am sure we have all noticed is many people with large amounts of wealth actually live very frugal lives. They may simply not want a flashy new car or maybe they havnt really considered the safety aspect. Friends of mine were in a car accident recently, rolled three times doing 100km on the open road and walked away with minor injuries. They were told the safety features of their car saved their lives. So you make a very valid point Mr Beagle