Depreciation

[Mannginger]

Following this post from T urbo

www.pistonheads.com/gassing/topic.asp?h=0&f=48&t=163409

t urbo said:

Been reading some posts about what to buy and what not to buy because of depreciation and its got me thinking! How much have i lost through depreciation over the years and can you guys top these eye watering amounts? This is just a selection of my best buys! Own 996tt x50 now, i paid £104k 16months ago and its value now is about £75k Loss of £29k. Owned 996tt from 02/03 for 12 months and lost £19k Owned Boxster S 02/03 for 12 months and lost £8k Owned Audi S3 01/02 for 12 months and lost £7.5k Owned Ford Rs Turbo for 7 months and lost £7k No wonder im always skint.

(What's that £74ish K?)

How does everyone else add up?

Me? So far zero!

1 Peugeot 205 XE cost £500, still holding on to it - but expect to sell for approx the same later in the year (or keep it in the family!) However my next car will be new and will probably depreciate a few grand at least.

[Jinx]

Ford Mondeo - cost £0 - expect to give it away.

[vixpy1]

Must be around 25K for me

[NHyde]

Buy an older TreVoR , and stop trying to keep up with the Schmidts !!

[julianhj]

NHyde said:

Buy an older TreVoR , and stop trying to keep up with the Schmidts !!

I did that, only lost £1k in two years and 12k miles. Did however spend in excess of £5k maintaining the bugger!

All good though

[thebluemonkey]

NHyde said:

Buy an older TreVoR , and stop trying to keep up with the Schmidts !!

or become self employed and actively seek out falling Steinways to invest in.