Discussion
bertie said:
It always amuses me, people get hung up in "running costs" but frankly depreciation makes them pale into insignificance, yet seems to get ignored!
Depreciation is by far and away the biggest cost on any relatively new car.
On my 458 spider for instance, over the the first 3 years I reckon it'll cost about £30k a year at least, far more than service, any repairs, fuel, insurance or anything else.
Not all of us run new(ish) cars! Depreciation is by far and away the biggest cost on any relatively new car.
On my 458 spider for instance, over the the first 3 years I reckon it'll cost about £30k a year at least, far more than service, any repairs, fuel, insurance or anything else.
bertie said:
But surely unless you'd got a fair income and were sure you wouldn't notice it, you wouldn't be even thinking of fripperies like any super car?
Do people really really run their finances that tight?
I'm with you on this one - especially on the depreciation score. Similar to asking if said supercar will fit in your garage - Suppose it's down to priorities but I've always put house first (with big garage) then car Do people really really run their finances that tight?
purpleperil said:
I'm with you on this one - especially on the depreciation score. Similar to asking if said supercar will fit in your garage - Suppose it's down to priorities but I've always put house first (with big garage) then car
Everyone has different priorities. I bought a house and built the garage i wanted Gusto said:
Everyone has different priorities. I bought a house and built the garage i wanted
Sure, I think the point is, if a surprise £4k bill is going to cause you trouble, I wouldn't be thinking about supercars.Personally, I would call them fripperies so I'd get house sorted, mortgage paid off....etc before thinking about them.
bertie said:
Mario149 said:
Not all of us run new(ish) cars!
But surely unless you'd got a fair income and were sure you wouldn't notice it, you wouldn't be even thinking of fripperies like any super car?Do people really really run their finances that tight?
bertie said:
Gusto said:
Everyone has different priorities. I bought a house and built the garage i wanted
Sure, I think the point is, if a surprise £4k bill is going to cause you trouble, I wouldn't be thinking about supercars.Personally, I would call them fripperies so I'd get house sorted, mortgage paid off....etc before thinking about them.
bertie said:
RevHappy said:
If everyone waited to do that then the time to enjoy them would be reduced by some what.
I think it's a generation thing, my generation ( in 40s) tend to save up then spend.The younger generations have been brought up on finance so seem to buy now pay (more) later.
I believe a large percentage of supercars are bought on finance. I fact I'd bet the vast majority of new cars are bought the same way. As long as you appreciate financing is very expensive and you can afford it what's the harm.
As I say whatever you feel comfortable with!
bertie said:
I think it's a generation thing, my generation ( in 40s) tend to save up then spend.
The younger generations have been brought up on finance so seem to buy now pay (more) later.
I think it's also about timing and life choices. Lots of stereotypes aren't playing out anymore. The younger generations have been brought up on finance so seem to buy now pay (more) later.
bertie said:
But surely unless you'd got a fair income and were sure you wouldn't notice it, you wouldn't be even thinking of fripperies like any super car?
Do people really really run their finances that tight?
You'd think not but when a newspaper article says that more than half of British home owners with a mortgage are concerned about the impact on their finances of a rise in interest rates and expect to pay an extra £590 a year in repayments, it suggests rather a lot of people are already close to the wire.Do people really really run their finances that tight?
Seriously, £11 a week puts the fear into people? At 0.5% IRs, there are evidently a lot of very overstretched people around.
Gusto said:
Just a question really - I was looking today to see if anyone puts in cost of ownership/running costs on any of the number of great cars owned by members. It seems the answer is no. I know I only did one - the others no one would care about i'm sure - and it's arguably just a big TT with A3 interior, but, how come some of you that have proper exotica don't put the details in?
(Should have done a poll but...)
Is it because you don't want people to know?
Is it because it's hard to tell because of finance to take into account?
Is it because you can't be bothered and just want to think about what's next?
Is it something else?
Sorry if this is a boring thread - my first start I think, but I was just ineterested today while day dreaming of another toy.
Thanks for reading and for replying if you do.
Gusto
I have always kept all the costs (both historical as far I could from previous owners) and the costs I have incurred. I just find it interesting and sadly enjoy doing it! (Should have done a poll but...)
Is it because you don't want people to know?
Is it because it's hard to tell because of finance to take into account?
Is it because you can't be bothered and just want to think about what's next?
Is it something else?
Sorry if this is a boring thread - my first start I think, but I was just ineterested today while day dreaming of another toy.
Thanks for reading and for replying if you do.
Gusto
Pork said:
bertie said:
But surely unless you'd got a fair income and were sure you wouldn't notice it, you wouldn't be even thinking of fripperies like any super car?
Do people really really run their finances that tight?
You'd think not but when a newspaper article says that more than half of British home owners with a mortgage are concerned about the impact on their finances of a rise in interest rates and expect to pay an extra £590 a year in repayments, it suggests rather a lot of people are already close to the wire.Do people really really run their finances that tight?
Seriously, £11 a week puts the fear into people? At 0.5% IRs, there are evidently a lot of very overstretched people around.
FalconWood said:
I do mine out of interest not because I run "my finances so tight". When you see what I spend on some old cars you might think aim mad to even bother!!
Fair play, you're a braver man than I, If I had your garage with 4 Ferraris, 3 Porsces and an Aston it'd scare the crap out of me!,Gassing Station | Supercar General | Top of Page | What's New | My Stuff