Forecast
Forecasts | Doppler Radar
Traffic Cameras & VDOT Alerts

For these guys, buyer's remorse doesn't last long

Posted to: Auto News Drive

Lin Miller with his current car, a BMW 335I, in Norfolk in February. (Bill Tiernan | TheVirginian-Pilot)


Bill Owen, graphic designer

Current wheels: Audi A4 Cabriolet, 7 months old

Cars owned: About 35

Owned the longest: Ford Thunderbird, 18 months

Owned the shortest: Volvo S60, 5 months


Lin Miller, real estate agent

Current wheels: BMW 335i convertible, 9 months old

Cars owned: About 40

Owned the longest: Audi A4, 22 months

Owned the shortest: Infiniti G35, 71 days


Imagine changing cars as often as you change your wardrobe. That roadster you bought last year? It's so 2007. Time for something fresh. It may seem like a fantasy, but it's not for a small segment of buyers.

"It will come over me so quickly. The night before, everything's fine, and I won't think about it," said Bill Owen, a graphic artist who lives in Norfolk. "All of a sudden I think, 'I have to get a new car, and I have to do it right now.' "

Owen, who drives an Audi A4 Cabriolet, has never put more than 12,000 miles on any of the 30-plus cars he has owned.

"Right now, I've got friends with bets riding on when I'm going to get rid of that Audi," he said. "As a matter of fact, someone just lost a bet this past weekend. They thought I was going to get rid of it."

He's not the only owner who is driven to replace his cars frequently.

Lin Miller, a real estate agent from Norfolk, has been driving a BMW 335i since May. Even though he describes it as "the sexiest car I've ever had," Miller knows what's in store.

"It will probably be gone by Christmas," he said.

There's little rhyme or reason as to how often Miller or Owen buys a car.

"I don't care what the price range is if it hits the buttons," Miller said. "It can be a $25,000 car; I don't care what it costs. For me, it's completely an aesthetic thing."

The longest Miller has owned a car is almost two years.

"I just couldn't find anything compelling," he said. "I would go to car lots and say, 'Doesn't anyone want to come home with me?' And none of them looked right. I was going through a dating drought in the car market."

Owen's 2005 Ford Thunderbird lasted 18 months.

"It had no headroom at all," he said. "I had to lean all the way back and still my head would brush the roof. I thought, 'If this thing goes over, I'm dead meat.' "

Most of their cars don't last that long, which leads to its share of short-term relationships.

"There were some that were like bad dates; I knew they were mistakes almost instantly," said Miller, citing an Infiniti G35 he owned for 71 days.

Another short-timer was a Porsche 944. "I hated that car; Fred Flintstone's car was more comfortable than that thing," Miller said.

He liked his 1991 Toyota MR2 until he went to Home Depot.

"I took the T-tops off, but nothing would fit in the car," Miller said. "So I paid $20 to a lot attendant to watch my stuff and went down to Charlie Barker's and came back in a new Toyota 4Runner."

Owen loved the Volvo S60 he bought after the Sept. 11, 2001, attacks.

"I thought, 'Well, I'll keep the economy going' and went out and bought a new car. I liked the size and look of it."

But the love affair waned after five months.

"I began to feel that it was an old man's car," Owen said. "One of my friends accused me of being old and that's all I had to keep me going."

Of course, owning a car a short time has its advantages, such as having a car that's always under warranty.

"I had a client once ask me where to buy tires," Miller recalled. "I said, 'I don't know, I never had to buy tires.' "

Neither Miller nor Owen finds their habit unusual.

"It's sort of like people who browse through a department store and see a coat that they have to own," Miller said.

Owen added, "The person not doing the car thing probably has 150 pairs of shoes in their closet and can't go past Nordstrom without getting a new pair. I think everyone has something."

And depreciation? Well, that's part of the game.

"It's really not a lot more than what people put into their hobbies," Owen said.

Still, their hobby isn't cheap, says Rob Gentile of Consumer Reports.

"Average depreciation in the first year is about 30 percent or so. Obviously, it's different depending on which car you're buying. We don't advise it."

But for those who trade cars often, Gentile has some advice. "If you are going to do that, you're better off leasing it. You tend to get a better deal."

John Hall, general manager of Checkered Flag BMW Mini in Virginia Beach, says frequent buyers are few, but most tend to be men. "They may not have other hobbies, and they reward themselves. It's a pleasure for them. They know it's going to cost them a little bit more, but they feel that they can indulge themselves."

For frequent buyers, it's having that hot new ride that matters most.

"I think the second I buy that new car, I'm looking for the next one," Owen said.



Hey, if you've got the dough...

Knock yourself out. Hints at being a tad ADD, though.

How is this news?

It's not.

Geez

Must be nice, I wish I had that much money to blow on a car. Nevermind my family, education, house, church, and charity. I have never purchased a brand new car, I always viewed it as stupid because of the steep depreciation the first few years. Car dealers must lick their chops when this up walks onto the lot. I believe the term for these people are "lay downs".

The new car dream never goes away.

It's all good. If they can afford a new car twice a year that's great! They probably have worked hard to get to where they're at. New car smell would be great, but I'll just have to continue to putter along in my 23 year old no frills no thrills. One day though... one day.


More Stories Like This

More articles from: Auto News rss feed    Drive rss feed   


Toolbox



    Video

  • Search Videos
  • Upload Your Video
  • iTunes Podcast
  • Video Feeds
  • Watch The Dot

    The Dot is the local wrap up of news and entertainment.