The Best ///M/Barge/General Rant/Look at this/O/T(Vol XVIII)
Discussion
E24man said:
A couple of open questions for threadists;
How many threadists have owned cars they can't now afford to buy back?
How many threadists currently own cars they couldn't afford to buy right now?
No.How many threadists have owned cars they can't now afford to buy back?
How many threadists currently own cars they couldn't afford to buy right now?
No.
However, the reason for this is that I specialise in selling desirable cars just as they bottom out in price.
I then resent having to pay inflated prices if I ever want to own them again. I'm also good at buying at peak prices ... 
olly22n said:
I did the 944t and M5 at the same price as you. Also a 3.2 carerra at £12k.
Well in on the 3.2! I was looking at an impact bumper for sub 10K. There were a few about for 7/8K at the time but I bottled it and bought the 944 instead. Derp.
ETA don't tax discs look odd now!
1.Several
2.not really
But it pales into insignificance compared to the Old man who sold his 250 Lusso for £3k in 1972 to buy a v12 Etype because it had proper rear seats and I could go in the back, not sure he's ever forgiven me
Scho the 944 looks fantastic !
2.not really
But it pales into insignificance compared to the Old man who sold his 250 Lusso for £3k in 1972 to buy a v12 Etype because it had proper rear seats and I could go in the back, not sure he's ever forgiven me
Scho the 944 looks fantastic !
Edited by TheRocket on Thursday 12th January 13:00
E24man said:
A couple of open questions for threadists;
How many threadists have owned cars they can't now afford to buy back?
How many threadists currently own cars they couldn't afford to buy right now?
Yes and yes. No way I could afford (or justify if I could afford) the 355 now. M3 seems to be on the up also which is encouraging.How many threadists have owned cars they can't now afford to buy back?
How many threadists currently own cars they couldn't afford to buy right now?
As others have said, nice house for the family and digging in the garden / holidays seem to be the priority now.
I sometimes wonder if I'd be just as happy with an old MX5 and some nicer holidays and chunk gone off the mortgage?
Then I read posts about dads selling amazing cars and everyone regretting it later on...
I got to the point where I wouldn't have bought my CSL for what I sold it for 12 months ago, so a combination of not driving it very much anymore and a property deal meant its fate was sealed
I almost got myself lined up for a 964 RS a few years back, but alas didn't quite make it and then they shot out of sight. Back-up choice of a 996 GT2/3 was the same, although I still harbour hope that it'll happen at some point
As an aside, I thought the prices of these had gone completely stratospheric: http://www.simonfurlonger.co.uk/docs2/cars/EuVZFuu...
I almost got myself lined up for a 964 RS a few years back, but alas didn't quite make it and then they shot out of sight. Back-up choice of a 996 GT2/3 was the same, although I still harbour hope that it'll happen at some point
As an aside, I thought the prices of these had gone completely stratospheric: http://www.simonfurlonger.co.uk/docs2/cars/EuVZFuu...
Good threading chaps.
Rocket - double-oh-ouchie on the 250 Lusso! Cripes
I think timing is a factor but also the moving goalposts. Many more things have become more accessible to a wider range of income brackets (technology in general; travel etc.), even as property and more recently (interesting) cars have become less accessible to many.
The thing is, I'm no hotshot but even in what is arguably my "financial prime" (no kids, no significant debt, relatively inexpensive lifestyle beyond eating out), I find it difficult to countenance the price of buying and owning some of the cars that I would like to (and that remain within semi-realistic reach). I'm a bit more risk averse when it comes to, as we'll as concerned by the sort of leverage I'd need / cash I'd tie up in buying a car for anything much over about £10k! And even considering owning something other than a complete shed still makes me feel very fortunate in relative terms, even if my auto-enthusiasm makes my tastes more ambitious than some motorists
First world problems indeed. Also, hindsight - what a beyotch!
If I'd known that I could have doubled my money some potential purchases I was looking at 10 years ago, I'd probably (certainly) be a lot more smug now as, rather than tumbling into my overdraft, it would have offset the general rise in cars I'm interested in. Right now, I am hugely tempted by one of the following options:
but they are lovely... Time to start robbing banks / remortgaging...
Rocket - double-oh-ouchie on the 250 Lusso! Cripes
I think timing is a factor but also the moving goalposts. Many more things have become more accessible to a wider range of income brackets (technology in general; travel etc.), even as property and more recently (interesting) cars have become less accessible to many.
The thing is, I'm no hotshot but even in what is arguably my "financial prime" (no kids, no significant debt, relatively inexpensive lifestyle beyond eating out), I find it difficult to countenance the price of buying and owning some of the cars that I would like to (and that remain within semi-realistic reach). I'm a bit more risk averse when it comes to, as we'll as concerned by the sort of leverage I'd need / cash I'd tie up in buying a car for anything much over about £10k! And even considering owning something other than a complete shed still makes me feel very fortunate in relative terms, even if my auto-enthusiasm makes my tastes more ambitious than some motorists
First world problems indeed. Also, hindsight - what a beyotch!
If I'd known that I could have doubled my money some potential purchases I was looking at 10 years ago, I'd probably (certainly) be a lot more smug now as, rather than tumbling into my overdraft, it would have offset the general rise in cars I'm interested in. Right now, I am hugely tempted by one of the following options:
- Ignore the other stuff and concentrate on more easily digestible bargains (<£15k) like a 986 S - this has the benefit of offering usability / fun / potential for mods without some of the sleepless nights (hopefully).
- Buy a 996 C2 - not as an investment but before they climb out of reach completely. Sporting car plus back seats for occasional flotsam / passengers = one car to rule them all for a keen driver in need of some practicality?
- Go nuts and somehow find a way to finance something completely outlandish (for me at least!) - whether newer (a Lotus of Evora or Exige shape) or more "classic" (the leggiest 996 GT3 I can find, or some air-cooled pork of some kind) and just enjoy it. I'd likely be paying over the odds (or at least more than is ideal - whether to buy or in depreciation) but as mentioned above, you only get so many laps of the sun...
but they are lovely... Time to start robbing banks / remortgaging...I guess up to a point we all guilty of wanting to find the next big thing for ££ gain but this is at odds with/balanced by (for this thread at least) seeing where the value is for enjoyment of driving and ownership. I consider myself lucky to have owned some reasonably rare/different stuff and on one at least I made good money compared to pretty much everything else where it just cost me and ultimately I fancied a change but no moaning here.
I'd honestly not want a car that I was worried about putting miles on to keep it's value. I'm not an investor. As Moose says there's still stuff out there.
I'd honestly not want a car that I was worried about putting miles on to keep it's value. I'm not an investor. As Moose says there's still stuff out there.
Edited by TheRocket on Thursday 12th January 15:35
Leins said:
As an aside, I thought the prices of these had gone completely stratospheric: http://www.simonfurlonger.co.uk/docs2/cars/EuVZFuu...
Whoever bought that over in 2015 is doing very nicely out of it and just not being greedy IMO. It's not hard to imagine it with a sticker for 25% more on it. There's a strong case for someone to come over and repatriate it, too.The Dobbin Looks good in yellow but black would be my choice, with 30k on the clock I guess you wouldn't be so worried about adding more and compared to some it looks well priced, as a drive I'm not sure I know of a car which polarizes opinion much more than these, maybe needs to be viewed more as a GT car than it was by some in it's day.
DM do your man maths, if it works fill yer boots I say, Sainsbury's bank offering £25k at 3.5%
Just Sayin' !
DM do your man maths, if it works fill yer boots I say, Sainsbury's bank offering £25k at 3.5%
Just Sayin' ! 
to both those posts 
E24man said:
A couple of open questions for threadists;
How many threadists have owned cars they can't now afford to buy back?
How many threadists currently own cars they couldn't afford to buy right now?
I think the real question isn't about whether you can afford or not, rather do you see the value in the cars you bought at today's prices?How many threadists have owned cars they can't now afford to buy back?
How many threadists currently own cars they couldn't afford to buy right now?
My example: I paid four figures for my M5. At the time, I was on the road to building an S50B32-powered 518i. The M5 came up for sale locally so I decided to go and take a look. It was OK, so I bought it with the intention of tarting it up a bit and punting it on. Between buying and advertising, values went up. I decided to chance my arm at the top end of what it might be worth, and (lucky for me) it didn't sell.
Would I have paid £20k at that time for an M5? I don't think so - I'd have carried on with the 518i project.
That said, the inevitable happened whereby the project spent long enough off the road that I got a bit bored, I spent more time in the M5 and I started to use it - it's done a couple of Le Mans trips, been to the Silverstone Classic etc etc. I've had some great drives in it, it gets more attention than I expected (and more than I'd like, to be honest). I'm now into it for a good chunk more than it's worth, but I can't see me selling it in the next 10 years at least - I've got plans for things I'd like to do, places I'd like to go in it.
The concerns of the market don't bother me in terms of keeping the mileage down (226k now I think), and I'm starting to plan a re-run of GP's jaunt to Skandiwegia in it (hopefully with less Red Bull and more personal hygiene).
That ^^^ load of waffle is what bugs me about the current state of the market - there are some great cars that are being snapped up and locked away instead of fulfilling their raison d'êtres. If these cars really are being bought as commodities by investors with intricate knowledge of the cost of everything and the value of nowt, bring on the bursting of the bubble and the liberation of the entertainers of yesteryear.
Did I mention I've got an M5 >yawn< etc
Output Flange said:
That ^^^ load of waffle is what bugs me about the current state of the market - there are some great cars that are being snapped up and locked away instead of fulfilling their raison d'êtres. If these cars really are being bought as commodities by investors with intricate knowledge of the cost of everything and the value of nowt, bring on the bursting of the bubble and the liberation of the entertainers of yesteryear.
Agreed!TheRocket said:
DM do your man maths, if it works fill yer boots I say, Sainsbury's bank offering £25k at 3.5% Just Sayin' !
+1 Just Sayin' ! Sadly, I think there simply won't be a better time to do it - life will start getting in the way and new cars are moving ever further away from all the stuff we hanker after, with autonomous stuff seemingly only a few years away from entering the mainstream... That may well make desirable stuff even more expensive, as people race to grab them and (hopefully) enjoy them before their day-to-day use gets curtailed (and then values sink).
If I wasn't in the fortunate position of having my GT3 (which I couldn't afford to buy today) I would be in an Evora. In DM's shoes, I'd take the financial risk of the bigger outlay and buy a high mile Evora for £25k. It might share an engine with your MR2 but will be vastly different in virtually every other respect.
Mr Rocket, I'll make sure I post on here when heading to a track day. Am hoping for late Feb or March.
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