This credit crunch....

[sambaman]

seems to be a lot of adverts on here...why aint it selling etc etc etc ... keep it !! cut down on your shopping bill...kill the wife...keep your 911 !!! ... no brainer really.

http://www.pistonheads.co.uk/gassing/topic.asp?h=0...

http://www.pistonheads.co.uk/gassing/topic.asp?h=0...

http://www.pistonheads.co.uk/gassing/topic.asp?h=0...

to name but a few..........

Edited by sambaman on Wednesday 1st October 11:11

[lightweight]

Just natral people are looking for reasurance, a lot of people bought there car with the view that if times got tough they could always sell and theres a certain logic to that, but they did not take the thought further that if things were tight for them maby it would be tough for others too so they have no one to sell to at a price that suits.

[forza whites]

Lightweight has hit the nail on the head...

Cheaper (and more fun) to keep hold....

The way I look at it..is that next year I will be able to afford a 56/07 997 TT...(if I stay with Porsche).....

[christer]

Yes, common sense is needed but not always present when making a purchase from the 'heart'.

I personally have a £13K balloon on my GT3 Mk1 which is due in 3 years time - and I would hope that the car is worth more than that at that time (even though the balloon is already taken care of - but you never know what might happen). Having said that though, the car is LHD.....^^

[996GT2]

sambaman said:

seems to be a lot of adverts on here...why aint it selling etc etc etc ... keep it !! cut down on your shopping bill...kill the wife...keep your 911 !!! ... no brainer really.

http://www.pistonheads.co.uk/gassing/topic.asp?h=0...

http://www.pistonheads.co.uk/gassing/topic.asp?h=0...

http://www.pistonheads.co.uk/gassing/topic.asp?h=0...

to name but a few..........

Edited by sambaman on Wednesday 1st October 11:11

Yep, cap'n crunch is really getting going now isn't he. where will it all end?

[lightweight]

christer said:

Yes, common sense is needed but not always present when making a purchase from the 'heart'.

I personally have a £13K balloon on my GT3 Mk1 which is due in 3 years time - and I would hope that the car is worth more than that at that time (even though the balloon is already taken care of - but you never know what might happen). Having said that though, the car is LHD.....^^

LHD mate your mad no one wants one of those ill save you the hartach and give you 24K now;-)

[Dan-S2k]

Personally I brought mine last year after deciding it was unwise to buy a house at current prices as I was pretty sure prices would fall... and from that point of view I made a good decision.

So I found myself with £20k sitting in my bank so thought why not go and buy my dream car seeing as I had the money in the bank and you're only young once eh! I could keep the car for a year and then sell it when I wanted my house deposit back in the bank, sure I may loose a couple grand on depreciation but it would be worth it.

I now find myself a year later and think its now time to sell it and bank the money for when I'm ready to buy a house (even though that may be another year or so yet). But of course thats easier said than done and the thought that we would be in a tough market where I may loose more than a couple grand on depreciation didn't cross my mind.

I don't technically need the money, however I can't see prices going back up anytime soon. So therefore I'm doing my best to sell now, its only been on the market a couple weeks but has had very little interest so have now resorted to ebay... wish me luck!

I guess all of us should really be grateful if our main problem is "Oh no, I'm gona loose more money than I wanted to when I sell my Porsche!"... things could be a hell of a lot worse in the current economic climate!

[gubbs997]

Dan it's this mentality that is pushing prices further down, why can't you just enjoy your car, forget a house deposit for at least another year and who knows you may not be selling at the bottom....

[Dan-S2k]

Because I listened to my heart last year and brought the car. Now my head is telling me its time to cut my losses.

Bit like playing poker.... you need to know when to stand up and leave the table or you'll be leaving with nothing.

I'd rather loose a couple more grand now than risk loosing more in a years time on the basis that prices might have gone back up in a years time. I can see values stabilising, but I can't see them returning to where they were 6-12months ago.

[SEE YA]

Well I am going to ride the tide, you just have to adjust a bit I have. All this talk and the papers.It just sets people off.

EVERY MILE IS SMILE IN MY 911 I bought it to enjoy.

Edited by SEE YA on Wednesday 1st October 14:30

[uktrailmonster]

Dan-S2k said:

I'd rather loose a couple more grand now than risk loosing more in a years time on the basis that prices might have gone back up in a years time. I can see values stabilising, but I can't see them returning to where they were 6-12months ago.

Unless you're sitting on a true classic, prices are never going back up. They just go down at slower or faster rates. I've never seen a depreciation curve on an ordinary sub 10 year old car with an upward trend. The very best it can do is stay flat. The good news is that the longer you keep it, the less money it will cost you per mile overall. Enjoy

[SEE YA]

Yes your right, the market for the classic 80' I think will not go down, by much. As always buy on condition I do.

Edited by SEE YA on Wednesday 1st October 17:08

[Peter123]

SEE YA said:

Well I am going to ride the tide, you just have to adjust a bit I have. All this talk and the papers.It just sets people off.

EVERY MILE IS SMILE IN MY 911 I bought it to enjoy.

Edited by SEE YA on Wednesday 1st October 14:30

+1