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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Retirement Investing
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Author: rayvt 🐝  😊 😞
Number: of 1281 
Subject: Re: Cars, year one, no commuting
Date: 03/16/26 3:11 PM
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I first heard that joke as the Grand Vizir telling a prisoner that his execution would be on one of the next 7 days, but if he could tell him on the morning of the day he would go free. The crafty prisoner used that logic to go free.

Maybe post some follow up information about how much they depreciate vs gas vehicles with actual figures?

From google:
"EVs often lose 35%–40% in the first year and around 50% down by the end of the second year."

"On average, a new gas-powered car depreciates by approximately 30% to 32% over the first two years of ownership."


Why can't you just say you don't like EVs and be content with that?

I don't have a dog in that fight. Don't care one way or the other.
We have a 2017 Honda CR-V that we paid $31,000 for.
55,000 miles = avg $6100 miles a year.
Carvana just offered me $16,500 for it.
47% depreciation in 9 years.

Unless it gets totaled or stolen, that will be the last car I will own in my lifetime.

We've toyed with the idea of leasing an EV for a couple of years. Also about leasing a Mini. Just for the fun of those cars. Two years would squeeze out all the fun.


Talking about EV write-offs without acknowledging US policy changes in the last year is a bit disingenuous.

By that, do you mean the Feds stopped taxing waitresses to give money to millionaires to by electric cars with?


Ford, GM, Stellantis, Honda, Volkswagen all have taken Billions of chargeoffs of their EV cars. Not a sign of a thriving market.
The only cheap EVs are made in China and can't pass US safety requirements. Pretty soon the only one left will be Tesla.
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This community has written 1,207 posts about Retirement Investing. The article-length ones it recommended most:
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