Cars taking on bikes (again)
Discussion
av185 said:
You mean there are people who buy certain other cars that actually depreciate?
Wow.
What odd behaviour.
:
If you read say the GT3 forums properly you will see your comments are well wide of the mark. This is a typical and random recent post:
No mention of values there.
If you are as desperate as you sound getting hold of a new GT Porsche why not chance your arm at your local OPC just like anyone else. What you will find is you will have to buy a good number of heavily depreciating cars first off them before even being considered for a GT car. In fact just the same as the old days re depreciation you describe above.
Even then they will probably turn you down for a car.
Your second option is to buy a nearly new car at possibly huge premium. But the market sets this price nothing else. Not even dealers.
As for the massive crash in values you desperately want, this won't happen in a million years in a low interest rate economy such as the UK where quality class leading under priced when new performance cars are restricted in supply due to brand filtering and to a degree asset class shifting in which the free market places up to huge premiums on the right cars in the main down to sheer ability relative to their limited competition.
Your theory about how to get a GT car doesn’t really accord with my experience. Two friends desperate for a 991.2 manual GT3. One owns a real 2.7 RS, Boxster Spyder, 997 GT3 and had a 991.1 GT3 but still couldn’t get his dealer to allocate him a new GT3. Other friend had never bought a new car (nevertheless a new Porsche!) For some reason I still can’t fathom he managed to secure one from his local OPC. Wow.
What odd behaviour.
:If you read say the GT3 forums properly you will see your comments are well wide of the mark. This is a typical and random recent post:
No mention of values there.
If you are as desperate as you sound getting hold of a new GT Porsche why not chance your arm at your local OPC just like anyone else. What you will find is you will have to buy a good number of heavily depreciating cars first off them before even being considered for a GT car. In fact just the same as the old days re depreciation you describe above.
Even then they will probably turn you down for a car.
Your second option is to buy a nearly new car at possibly huge premium. But the market sets this price nothing else. Not even dealers.
As for the massive crash in values you desperately want, this won't happen in a million years in a low interest rate economy such as the UK where quality class leading under priced when new performance cars are restricted in supply due to brand filtering and to a degree asset class shifting in which the free market places up to huge premiums on the right cars in the main down to sheer ability relative to their limited competition.
As long as you buy the car for the car itself not the badge or investment potential.
Having said that a pal of mine lost £50k on a well specced 720 s McLaren in c6 months with very little mileage.
An expensive mistake as he didn't even like the car. You have to really love a car to lose that amount out of taxed income.
Seeing as this is cars v bikes be interesting to hear peoples experiences of residuals on the best bikes v cars.
Having said that a pal of mine lost £50k on a well specced 720 s McLaren in c6 months with very little mileage.
An expensive mistake as he didn't even like the car. You have to really love a car to lose that amount out of taxed income.
Seeing as this is cars v bikes be interesting to hear peoples experiences of residuals on the best bikes v cars.
Esceptico said:
Your theory about how to get a GT car doesn’t really accord with my experience. Two friends desperate for a 991.2 manual GT3. One owns a real 2.7 RS, Boxster Spyder, 997 GT3 and had a 991.1 GT3 but still couldn’t get his dealer to allocate him a new GT3. Other friend had never bought a new car (nevertheless a new Porsche!) For some reason I still can’t fathom he managed to secure one from his local OPC.
OPCs vary so much some Porsche owned others largely main dealer franchise a few privately owned. All broadly operate totally differently even within the same franchise.
Sounds like your friend needs to change dealer.
I deal with a couple of OPCs and know of at least three longstanding customers who have spent in excess of £1 million on cars in the last year and 2 were refused GT3 RS and the third refused a GT2 RS slot.
av185 said:
As long as you buy the car for the car itself not the badge or investment potential.
Having said that a pal of mine lost £50k on a well specced 720 s McLaren in c6 months with very little mileage.
An expensive mistake as he didn't even like the car. You have to really love a car to lose that amount out of taxed income.
Seeing as this is cars v bikes be interesting to hear peoples experiences of residuals on the best bikes v cars.
As bikes cost so much less the residual question not so important. Although having said that bikes do tend to hold their value Having said that a pal of mine lost £50k on a well specced 720 s McLaren in c6 months with very little mileage.
An expensive mistake as he didn't even like the car. You have to really love a car to lose that amount out of taxed income.
Seeing as this is cars v bikes be interesting to hear peoples experiences of residuals on the best bikes v cars.
meridian said:
AV185 continues to impress us all with talk of big money, and what wonderful superior people he knows..
What a guy..
But do these oligarchs know him, or is he just licking their windows? What a guy..
Hasn’t ridden.
No licence.
Talks about cars as investments.
Doesn’t own a decent track car.
Gavia said:
av185 said:
Gavia said:
![](https://thumbsnap.com/sc/lnnsuIyw.jpg[/img]</a> <a href="https://thumbsnap.com/xpIkXfSo" Target="_blank" rel="nofollow">[img]https://thumbsnap.com/sc/xpIkXfSo.jpg[/img]</a> <a href="https://thumbsnap.com/xpIkXfSo" Target="_blank" rel="nofollow">[img]https://thumbsnap.com/sc/xpIkXfSo.jpg)
Cheers.
Pick where you’d like me to place it.
I think that makes it 1-1 on failed custard tests btw.
av185 said:
Gavia said:
av185 said:
Gavia said:
Cheers.
Pick where you’d like me to place it.
I think that makes it 1-1 on failed custard tests btw.
I once nearly bought a red 308GTS (carbed obviously) but what stopped me ultimately was that the house we had moved to didn't have a garage and I wasn't happy to use a cover. At the time the only longterm pal I hang around with said "What the f
k do you want one of them for?" to which my default answer was "Magnum had one".
I bought something I was more comfortable leaving under a cover (2 years later it went in the garage)
That Ferrari was £25K at the time. 4 years later the bloody things were at 70-90K asking price. I remind him of that occasionally as a sly insult.
Because bikes have a higher % of enthusiasts using them than cars, a large proportion of sales are all about the latest and greatest, which unlike cars are actually affordable to more people and are also subsequently more likely to get 'used' properly as smashing up a 20K bike isn't as worrying as smashing up a 300K car (personal injuries excepted). Worrying about residuals is also of far less consequence on these bikes.
The classic bike scene is more akin to the classic car scene.
k do you want one of them for?" to which my default answer was "Magnum had one".I bought something I was more comfortable leaving under a cover (2 years later it went in the garage)
That Ferrari was £25K at the time. 4 years later the bloody things were at 70-90K asking price. I remind him of that occasionally as a sly insult.
Because bikes have a higher % of enthusiasts using them than cars, a large proportion of sales are all about the latest and greatest, which unlike cars are actually affordable to more people and are also subsequently more likely to get 'used' properly as smashing up a 20K bike isn't as worrying as smashing up a 300K car (personal injuries excepted). Worrying about residuals is also of far less consequence on these bikes.
The classic bike scene is more akin to the classic car scene.
Nice bikes BTW.
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