Owning something expensive

When owning something expensive the expense is not just associated with the purchase price. The cost of use also needs to be taken into consideration.

I learned this the hard way in my youth when purchasing a second-hand sports car. I could just about afford the car and could only see how much fun it would be to drive it and how cool I would look. (The latter turned out not to be true).

The car was indeed fun to drive but when parts failed they were expensive to replace, servicing was costly, and it didn’t do great on fuel, so trips to the fuelling station were frequent.

It was fun while it lasted but when considering owning something expensive, whatever it is, consider the cost of ownership and not just the purchase price.

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