Blog

Short blog posts, journal entries, and random thoughts. Topics include a mix of personal and the world at large.

Waning enthusiasm

I guess gas prices (in the San Francisco Bay Area) is just going to stay in the five dollars per gallon threshold? We’re never going to see the number 3 again in front of the decimal point are we? Unless of course we move to other parts of the country where not only do they have cheaper gas than California, but they also have higher octane! (93 versus 91.) If I’m getting reamed in the butt on petrol price, at least give me the best gasoline possible.

It’s a good thing then that I’ve only driven 4,000 miles since the previous September. Paying over $70 to fill up the BMW M2 is so not the business. As much as I like driving, the cost of gas adds up very quickly. At least that is something I can control. The higher insurance premiums that we all received in our last renewals? Nothing I can do about that.

Perhaps my car enthusiasm is waning? I don’t know. I took the M2 in to the dealership for service last week, and I keep thinking what a hassle it is. Even though I’m not removing a single bolt myself, it’s still time out of my day to drive it to the dealership (on the other side of the city). Imagine if I didn’t own a car at all - how much simpler it would be. No gas price shocks, no insurance premiums, no maintenance costs, no worries about parking it somewhere and risking some asshole damaging the car.

Of course, it’s not tenable to not have a car. I rely too much on Costco trips to fight the ongoing inflation. But I’m thinking maybe I don’t need to own a high-strung sports car. It would be cheaper and less stressful to instead own a car an old man would drive. Something boring, something dead nuts reliable. That can only mean one thing: a Toyota.

Change is the only constant, right? I’ve like cars since I was a kid. Who knows, maybe that enthusiasm does come to an end.

First time?

BMW drivers have the infamous reputation of being assholes on the road. We completely disregard proper road manners. Turn signals? What are those? Add to that the magnificently instant power of electric motors, and the asshole intensifies even more…

I recently took my BMW M2 to the dealer for its annual service. For loaner vehicle I was given a BMW i5 - an all-electric BMW 5 Series. It’s the first time I’ve ever driven an electric car, never mind that it’s my first service loaner to not be powered by dinosaur juice. I was instantly a fan: unlike a gas loaner where I have to refill the amount I use, for an EV loaner there’s no expectation of charging back to the initial level! As a fan of decreasing the amount of hassles in my life, this development is lovely.

Back to the BMW i5. The instant torque of electric motors is indeed very intoxicating. No naturally-aspirated gas engine can match the response of an electric motor. With such accessible power, electric cars invite drivers to be aggressive. It’s too easy! Anybody that’s in front of you can be passed in an eye blink. Any gap in traffic can be filled before other drivers can react. Even for me, someone who prefers to do the speed limit in the slow lane, the i5 loaner egged me to test out its capabilities. The fastest car in the world is a rental EV.

Not that I wasn’t of this opinion before, but having driven an EV finally, I am more convinced that you should absolutely buy electric if you are able to charge it at home. The power is nice, yes, but so is the negligible maintenance cost (brakes and tires, mostly). And if you believe in the whole better-for-the-environment mission (let’s skip over the mining materials for the batteries part), even better.

If I actually had a commute, I wouldn’t look at anything but an all-electric car.

It's just a car

I find that I am far calmer when I am driving not my own car. That is not to say I am more careless when driving other people’s cars. I still drive defensively, and avoid the assholes on the road as best possible. (Because the best way to win a fight is to not get in one in the first place.) But for some reason, I am more amped up when I am driving my BMW M2. It’s skin in the game: when the car is bought with your own money, you are wont to stress more about its condition.

Conversely, when something is borrowed, people tend to treat it worse. The fastest car in the world is a rental car. At my workplace, you should see the state of some of the laptops we get in return from users. They treat the computers with utter carelessness. I want to say they wouldn’t treat their own laptops like that, but I have to wonder. How a person do anything is how they do everything.

I have to say, it is nice to drive around with less stress. Perhaps I should lease a new car every three years, though that is a hefty price to pay for a slight increase in peace of mind on the road. Not sure about that one.

Because outside of rent, the automobile is our second largest expense. Spending unnecessarily high on cars is how people fall behind in personal finances. I would know. People talk of cutting back on the three dollar daily coffee (it’s probably six dollars now with inflation) in order to get ahead, and it is stupid. The much bigger lever is the car. You can have all the Starbucks you want when you are not spending hundreds (even thousand) of dollars on transportation per month.

You know what also would lower my stress while driving my own car? Not owning such a “nice” car in the first place. I might as well turn in my car enthusiast card in now…

In case of emergency

The problem with modern cars is that they don’t come with spare tires. My BMW M2 certainly does not have one. In its trunk space where a spare is suppose to be, there’s the 12-volt battery (because race car), and a can of tire goo. There’s no emergency jack, or a lug wrench to take off the wheels. In the event of a puncture, I would hook that can to the faulty tire’s valve stem, and the goo is suppose to fill up the tire’s innards. Doing so is suppose to buy me just enough time and mileage to get the car to a tire repair shop.

Oh by the way, the punctured tire that I just filled with goo? It’s irreplaceable. Even if the offending hole is otherwise small enough to be patched. I guess BMW really expect its owners to have the income to replace a $300 tire (if you don’t cheap out, that is) without it hurting. Don’t forget: for balance, you typically should replace the other tire on the same axle as well. That’s $600 in potential repair simply because of a tiny piece of sharp object on the road surface. It’s either that, or call a tow truck. (Presumably, being left stranded on the side of the road is not a choosable option.)

I went with a third option: making and packing my own emergency tire kit. The consensus on the best scissor jack for BMW cars is this $25 unit from Harbor Freight. The head fits into BMW jacking points perfectly. Also from Harbor Freight is this heavy duty tire repair kit. It has everything: plier to extract the foreign object, reamer to prepare the hole, insertion tool for the rubber plugs, and a blade to cut off the excess. The $22 it costs is vastly cheaper than replacing an entire tire. You hate on Made in China until you have to pay for Made in the USA prices.

Lastly, I bought this lug wrench from Amazon. It’s got the necessary 17mm socket for BMW lug bolts. With these three tools packed in the M2’s trunk, I can tackle any puncture during road trips, short of something catastrophic. (That can of goo isn’t going to do much for a hole that size, either.) Best of all, I can take these tools with me to whatever my next car would be. Because it’s very likely that will also not have a spare tire or emergency tools.

Afford to maintain

My BMW M2 is due for its annual service in September. Good news for me, I already prepaid for this last year. $800 for two annual services seems like a fantastic deal to me, especially so with all the inflation going on.

It would be naive to think the inflation hammer missed the automotive maintenance and repair industry. Apparently, there’s a shortage of skilled mechanics. You know what that means: labor cost is higher to keep the few good ones. Even if parts and material costs remains flat (I see the five quart jug of motor oil I bought back in 2022 is only $3 dearer), the price for an oil change would have certainly increased due to the higher shop rate. Can Jiffy Lube even do $20 oil changes anymore?

It feels like $100 is the new $20.

The average transaction price of a new car is $48,000. Auto insurance premiums have increased about 20% for everybody. Gasoline prices (for 91 octane) have stayed consistently above the five dollar mark this entire year (San Francisco Bay Area). The math of car ownership is quickly becoming a painful one. It’s no wonder people skimp out on vehicle maintenance. A car only needs periodic oils changes, and nothing else, am I right?

Japanese cars have a reliable reputation because they can survive on oil changes alone. German cars have an unreliable reputation because they absolutely cannot. For example: the M2 calls for spark plug changes every three years. Go see how long the engine will last if an owner ignores the book and just changes the oil every year.

I think German cars can be equally reliable as the Japanese, so long as you follow the maintenance manual to the letter. Obviously, that’s going to cost a hearty chunk of money annually. This is why I would hesitate to buy a used German car that doesn’t have a full stack of maintenance invoices matching the book. The only used car I ever bought - the 911 GT3 - had full dealership service records.

I am definitely saving up for future maintenance spend for the M2. It most certainly is going to get more and more expensive.

It's too damn big

It’s pretty obvious that cars are getting bigger and bigger. What has not gotten larger in commensurate are the width of roads, and the size of home garages. The former is easy enough to fix: just tear up the current lane markings, and replace with ones wider apart. Obviously, certain streets are going to be impossible to do. For those situations, I think you simply have to ban cars of a certain size. Much like how some residential neighborhoods prohibit 18-wheeler trucks from entering.

Parking lots are similar to roads. The lot at my workplace have already gone through a widening of the berths. Previously, it had gotten so bad that you cannot open your own driver door if the car to your immediate left did not park exactly in the middle of two lines. You know who’s got the best parking lot? IKEA. The berths there are so wide - to accommodate furniture loading - that even the largest of SUVs has no issues fitting in comfortably.

Logic would say that if cars continues to get bigger, it’s only a matter of time before the parking structure at work will need to have its lines repainted again.

Cars becoming too wide to fit home garages is a far more difficult fix. Some of the older homes I see in San Francisco, ones built way back in the previous century, have garage openings that appears incapable of allowing a modern SUV to pass through. No wonder people would rather park on the street and use their garage space as storage! Widening a garage aperture is going to cost many thousands of dollars, and applying for a few permits. As we know, permits in San Francisco are super easy to get, so long as you know who to bribe.

One of the items to check off when buying a house should absolutely be: can your car fit in the garage with room to spare? Or maybe this is only a San Francisco problem. Everything is bigger in Texas, am I right?

Don't do it!

Recently my uncle asked me what's a good car to buy these days. To which I replied: "None?" Now is absolutely not a good time to buy a car if you absolutely do not need one (my uncle definitely does not). Interest rates are still (relatively) very high. One look at an amortization table is enough to scare me away from committing. I already have a car, and it is paid off. Not being indebted for a car is a great feeling.

But even if you can pay all cash - thereby bypassing any interest concerns, inflation is the next problem. The average price for a new car sold is ~$48,000. That is a thick chunk of change. I detest people who counter with, "Well, if you adjust for inflation, it's actually not that bad." That may pass the math test, but it certainly does not pass the vibe test (as the kids say these days.) Nobody is walking around looking at these inflated prices with a mental inflation calculator. All we see is a high number the only a few years ago was significantly smaller.

Sure, the lucky some of us received raises to compensate. For the plenty that didn't: inflation really sucks.

And it's not like the high prices are ever going back down. The Fed may say inflation is under control, but that doesn't mean prices have gone back down! They've only stopped increasing as quickly. What is now expensive remains expensive. That birthday cake for your kid will forever now be $50 (and above). If I had kids, I'd bake the car myself. A penny saved is a dollar earned, especially if it's in an index fund held for multiple decades.

I think my uncle was disappointed with my answer. Who am I to get in between someone wanting to spend money? So long as you have some saved for emergencies, have at it. Just don't be like the tech workers in this article where getting laid off was immediately catastrophic. We all should have (or start saving up for right now) at least a year's worth of money runway socked away. Hopefully in a high-yield savings account, and not under a mattress.