Quote:
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Originally Posted by arnoldschnitzer So if someone purchases a Gofriller for $150,000, he/she should plan on $15,000 a year in repairs?  |
Sure, just make the check payable to...
$150K is a bit of an extreme example, don't you think? Plus, you know the look on customers faces when you give them the repair estimate.
I am talking about the average Joe... $5K to $20K range. Look at that Prescottish bass we did. The owner bought it in NYC 18 years ago and had barely put a penny into it all those years...then the dog knocks it over. Between the repairs needed due to the dog and the things that just needed to be addressed due to time/weather/etc., the bill was in the $10K range. Lets say he bought it for $X (unknown to me, but prob not scary)...and lets say the bass is worth approx $15K today...so keeping up with inflation of the basses value and banking that 10% annually...minus strings/setup & minor stuff along the way (nice way to justify some of the G.A.S. purchases over the years...
"hey, it's in my annual bass budget")...he would have had the money on hand to do everything it needed without causing him the financial stress of depleting his primary checking or savings account.
So, I'm not saying you
will spend
or have to spend 10% annually...but it's a realistic expectation to average that over the years. If everyone set up some little
"bass stuff savings account", they would prob be happy in the long run. Gary likes 5% as the number...I like 10%. Pick your %...whatever you are comfortable with. Either way...I just think it's a good idea.