Tracksport or Supersport
Discussion
I'm unsure whether to get a Tracksport or Supersport as I'm worried about being able to shift it later. As far as I'm concerned an SR3 is really just a race car. But the only SR3 competitive enough for racing with a championship is a properly specified 1500 coming in at around £35K + VAT. These cars are likely to hold there value very well as there is a good race championship for them.
If I bought a lower spec Supersport or a Tracksport I would effectiviely be buying what amounts to a race car without a race championship. Past experience tells me that a race car without a championship will lose money very rapidly as there isn't really a market for it. So to sell a Tracksport on could be difficult as the market for a trackday only car of this value is an unknown quantity.
To make matters worse there isn't really a financially viable upgrade path to turn the Tracksport into a competitive car If I later decide I want to race it. Is it best to get the 1500 from day one or take the chances with residuals of a Tracksport? I only want to do trackdays initially.
If I bought a lower spec Supersport or a Tracksport I would effectiviely be buying what amounts to a race car without a race championship. Past experience tells me that a race car without a championship will lose money very rapidly as there isn't really a market for it. So to sell a Tracksport on could be difficult as the market for a trackday only car of this value is an unknown quantity.
To make matters worse there isn't really a financially viable upgrade path to turn the Tracksport into a competitive car If I later decide I want to race it. Is it best to get the 1500 from day one or take the chances with residuals of a Tracksport? I only want to do trackdays initially.
Think of a race team as a limited company like any other limited company and race cars are a neccessary part of their stock in order to do business. Just like a company would buy a computer in order to perform its business. On these types of purchases the company can claim ALL the VAT back. They then have a depreciating asset on their books which when they come to sell they have to charge VAT on its current value and give it to customs and excise. So if the car is being sold + VAT it is probably currently owned by a company not an individual.
This is how I understand it anyway. If someone knows different please let me know.
This is how I understand it anyway. If someone knows different please let me know.
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