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When I stopped working, I thought, Hey, why not get that Range Rover Ive always wanted?
Turns out, not the best idea, he said.
As Richard got older, his priorities changed.
Heres why one retiree regrets buying a luxury car.
In contrast, here areseven luxury cars that are worth the investment.
It Costs a Ton To Fix
You think normal car repairs are expensive?
Try fixing a Range Rover.
Its like, triple the price, Richard said.
Insurance Is Through the Roof
More expensive car equals more expensive insurance.
I am now paying more than I ever have for insurance, he said.
I didnt even know it could go this high, to be quite honest.
I used to like going places, Richard said.
Now Im always stressed about where to park.
What if someone dings it?
What if it gets scratched?
I just thought it was the epitome of cool.
I guess it took buying one to see that my priorities have changed.
Richard would rather spend money on trips with with his family and saving for his grandkids college funds.
With gas prices at an all-time high, Richard regrets buying a car that wasnt at least fuel-efficient.
For the money I spent, I shouldve at least gotten electric, he said.
Its Kinda Embarrassing
Richard is very honest about his current feelings about his fancy car.
I thought people would think I was cool driving this car.
But you know what?
I feel kind of silly now, he said.
Its like Im trying too hard to look young or rich.
My buddies give me a hard time about it and honestly, I get it.
Look, treating yourself when you retire isnt bad, Richard said.
But maybe think twice about asuper expensive car.
If I could do it over, Id still be driving a beater.
See if you actually like driving it every day.
Maybe youll love it or maybe youll find out its not for you.
Sometimes, the best things in life arent things at all.
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