will a water cooled 911 ever appreciate ?
Discussion
+2
SEE YA said:
+1
cjb1 said:
This is a good thread for sure, and, I see the point of it but, at the end of the day a chap (or chapess!) should buy the best he/she can afford without stretching their finances. He/She should enjoy what they can afford and don't worry about the resale value. When it comes to change up time if you haven't the funds to move on you still have the 911 you've been enjoying so far, just carry on enjoying it for a while longer. It's still an icon, a Porsche 911 after all, something a lot of people can't afford but would dream of owning.
cjb1 said:
...at the end of the day a chap (or chapess!) should buy the best he/she can afford without stretching their finances.
and don't worry about the resale value.
For me, this is a contradiction. The future value is one of the major factors in deciding whether you can afford it or not!and don't worry about the resale value.
The monthly payment is just part of the total ownership cost.
MTR
mollytherocker said:
For me, this is a contradiction. The future value is one of the major factors in deciding whether you can afford it or not!
The monthly payment is just part of the total ownership cost.
MTR
If you base whether you can afford any car on its (expected(hoped for)) future value, don't buy it!....simplesThe monthly payment is just part of the total ownership cost.
MTR
Johnfrancis said:
If you base whether you can afford any car on its (expected(hoped for)) future value, don't buy it!....simples
I understand why you say that, but for me, its a key factor. I cannot afford (Or stomach) MASSIVE depreciation, so try to limit it as much as possible without compromising too much. I do this with all of my cars. Its a balance. mollytherocker said:
Johnfrancis said:
If you base whether you can afford any car on its (expected(hoped for)) future value, don't buy it!....simples
I understand why you say that, but for me, its a key factor. I cannot afford (Or stomach) MASSIVE depreciation, so try to limit it as much as possible without compromising too much. I do this with all of my cars. Its a balance. Johnfrancis said:
It must surely spoil the fun of car ownership, expensive cars are very expensive, cheap cars are expensive.
Not at all. I bought a 1 year old car 4 years ago (My daily) and have kept it a little longer than I planned due to a baby!I paid 50% of its new RRP and am changing it shortly. I will sell it privately and am looking at a depreciation of about £6k tops. Thats £1.5k per annum with only servicing, tyres and brakes.
This will enable me to trade up a little this time. Again, I will be looking for a circa 12 month old bargain in the best specc I can find.
mollytherocker said:
Johnfrancis said:
It must surely spoil the fun of car ownership, expensive cars are very expensive, cheap cars are expensive.
Not at all. I bought a 1 year old car 4 years ago (My daily) and have kept it a little longer than I planned due to a baby!I paid 50% of its new RRP and am changing it shortly. I will sell it privately and am looking at a depreciation of about £6k tops. Thats £1.5k per annum with only servicing, tyres and brakes.
This will enable me to trade up a little this time. Again, I will be looking for a circa 12 month old bargain in the best specc I can find.
Johnfrancis said:
you seem to be basing everything on having as new as car as possible, therefore depreciation is heavy, i lost £25k in 2.5 years on a 996 that i looked after like a new born,you must be very lucky to lose so little on sale time, the other option is to keep the car!!! no depreciation at all... of course you have to be happy with the car and not court the latest and greatest
Buying the latest 'shiny thing' holds no interest to me, I only wish to buy a car that I want and that wont rob me!If it wasnt for the arrival of my daughter, I would be driving a 6 or 7GT3 today. One of my ultimate cars just happens to be a relatively sensible investment!
And no, I dont regret it!
mollytherocker said:
cjb1 said:
...at the end of the day a chap (or chapess!) should buy the best he/she can afford without stretching their finances.
and don't worry about the resale value.
For me, this is a contradiction. The future value is one of the major factors in deciding whether you can afford it or not!and don't worry about the resale value.
The monthly payment is just part of the total ownership cost.
MTR
t. Have I strayed on to "big business weekly forum.com".....Thought I was actually on Pistonheads, you know? That website for people who appreciate their cars?
mollytherocker said:
Johnfrancis said:
you seem to be basing everything on having as new as car as possible, therefore depreciation is heavy, i lost £25k in 2.5 years on a 996 that i looked after like a new born,you must be very lucky to lose so little on sale time, the other option is to keep the car!!! no depreciation at all... of course you have to be happy with the car and not court the latest and greatest
Buying the latest 'shiny thing' holds no interest to me, I only wish to buy a car that I want and that wont rob me!If it wasnt for the arrival of my daughter, I would be driving a 6 or 7GT3 today. One of my ultimate cars just happens to be a relatively sensible investment!
And no, I dont regret it!
t!! I just checked your garage on your profile, OK, one inflation proof 993 (very nice it is too) and two French ones with lead balloon falling inflation!!Guess that's the difference between buying a car with your savings and buying on finance (at a guess here, not saying that's what you've done).
I wouldn't sink a pile of my own money in something that will definitely depreciate and take the hit that will also cost me money to run when i could buy something further down the depreciation curve that will not lose me more than the running costs.
We're not talking about only buying something that will appreciate but new cars with a lot to drop don't appeal to me at all.
I can see where MTR is coming from totally if that's the same view?
You need an awful lot of spare cash if you can simply write off depreciation with every purchase of a new car as a running cost IMO.
I wouldn't sink a pile of my own money in something that will definitely depreciate and take the hit that will also cost me money to run when i could buy something further down the depreciation curve that will not lose me more than the running costs.
We're not talking about only buying something that will appreciate but new cars with a lot to drop don't appeal to me at all.
I can see where MTR is coming from totally if that's the same view?
You need an awful lot of spare cash if you can simply write off depreciation with every purchase of a new car as a running cost IMO.
cjb1 said:
Are your eyes brown, I'm guessing that they must be you're so full of st!! I just checked your garage on your profile, OK, one inflation proof 993 (very nice it is too) and two French ones with lead balloon falling inflation!!
You are correct on all accounts except what I am full of. Here are the basic numbers;t!! I just checked your garage on your profile, OK, one inflation proof 993 (very nice it is too) and two French ones with lead balloon falling inflation!!2007 Renault Laguna 3 Dynamique S with Panoramic roof
RRP - £21500
Bought for £9700 in Dec 2008
Worth about £3.5 to £4k private today.
Am I full of s
t?MTR
PS - Oh, and the other on, a 2008 Citroen C4 VTR, I have recently bought for £3800.
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