Buying a new big ticket item

Last week a friend and I bid on an investment property in Los Angeles.  We didn’t think it was worth the asking price but overbid, anyway.  The accepeted offer and backup offer were almost $100k over asking.

Ridiculous.  I’ll shocked if it appraises at that.  But this is LA

Now my beloved Lexus is showing signs she may be on her way out.   I love the car.  When I bought it, the make and model was my dream car.  In 14 years, I haven’t found another dream car.  Worse this car has less than 115k miles!  Its engine should go another 200k miles.  Do I repair or buy new?

I’d rather have money for travel, adventure and my collections, not car payment and insurance.   Yet if I buy a car now, I expect it will be my last car.  If I buy a house, I expect it will be my last house.  Ugh, what to do?

How do you decide which big ticket items to buy?

Writen by Chanel Babe

Hitting my stride in my 50s. An eclectic collector of wine, Chanel(r) purses, vintage teapots, cowboy boots and travel adventures. This is my MIDLIFE adventure . Welcome onboard~

Thank you for joining me on this journey in midlife!