Re: Why Do I Love my Fiat Linea! Quote:
Originally Posted by sunilch Thanks for sharing the details.
That 20x factor of your bank balance is a good conservative approach. I personally take 11x into account. I never thought someone else too would be using this same approach
But it should ideally be that of your liquid assets and not only bank-balance. I hope that is indeed the case with you. You need to enjoy cars within your reach  |
I do have 2 cars in my garage, and I think I’ll upgrade both my cars with a cap of 15% of my liquid assets which too I think is too much purely because I am in my mid 40s and I think it’s not a wise expense at this stage in life.
I have become ultra conservative with spending on cars for an upgrade. I think the primary reason now is that the financial priority is to create the retirement corpus before spending on cars and vacations.
In my earlier post when I mentioned the cap of percentage of my bank balance, I meant liquid assets which is a combination of bank deposits and equity market portfolio.
I do not have any debt and do have a full paid house, but I aspire to upgrade it in terms of a larger space and a more desirous neighbourhood in the city as that asset appreciates in value.
I think there is a separate thread in tbhp about how much one should spend on a car and how to manage finances. Quote:
Originally Posted by FiatDiesel Such cars are masterpieces which are rare and getting extinct now. My opinion is you don’t need an upgrade for the sake it’s 15 year old if it’s serving you well. |
Thank You. The car is serving me well. I use it regularly. I call it my beater car but I do keep it sparkling clean and shiny with regular wax polishing which I do it myself. Yes, I can manage without the upgrade but if my finances were better, I would definitely have gotten an upgrade whilst keeping the Linea as a 3rd car in the house. Quote:
Originally Posted by Utopian Your Linea looks absolutely amazing despite it being 15 years old. Kudos to the way you have tended to her. This maroon shade looks the best. |
Thank You! We are car guys and we'll shower that bit of TLC on our mechanical steeds. Quote:
Originally Posted by NavtejS Your car is looking very nice. Really well maintained. I always liked the design of both linea and Punto.
Many more years of driving with this beauty! |
Thank You! Quote:
Originally Posted by evil_grin How have you been able to make your car look brand spanking new?
Even my cars look way newer than they are but yours looks like it is ready for delivery! |
Every few months I pull up my sleeves and after giving the car a thorough wash, I polish it myself with carnuba wax polish. I use the formula 1 brand.
I also polish the tyre walls with the specific tyre polish spray to make them look like new.
The car being old has some minor scratches and swirl marks. They didn't get captured in the pictures.
Last edited by RajBajwa : 21st November 2024 at 21:00.
Reason: Typo
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