Who is the depreciation King?

[t urbo]

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.

[johnny senna]

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.

On my god. That is as funny as it is horrific!!

you have lost 70 grand on those cars mate. Not good. There is a lovely 996 GT2 advertised on the official Porsche used cars site for just that amount. Puts it all into perspective.

Here's my damage:

2001 Boxster S, owned for 1 year during 2004, lost 9 grand.

E30 M3 Sport Evo, owned for 1.5 years, sold 2003, made 1 grand profit.....but lost 4 grand in mods.

E30 M3 standard car, owned for 3 years, sold 2003, lost 2.5 grand.

Citroen AX GT (my first car, owned as a scrubby filthy student), sold in 2000, lost £2,700.


My current cars are a 993 RS which I won't lose any money on at all, and a 4 year old Mondeo which I bought (cheaply) from my dad's firm for just £1200, so I don't expect to lose any money on that either. I just had 4 new tyres fitted on it today....for £140 including, fitting, balancing and VAT. Beat that lads!

[david hype]

t urbo said:

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.

Wow t urbo, I hate to do the math for you but that equates to over £70K! Like buying a new 997S with a few bits, keeping it 5 years and then throwing it away.

Any reason that you change cars so fequently?

[t urbo]

Johnny, dont get me started on mods. Mods will come later on a new post.... i think i need a beer!

[t urbo]

David i always need more speed.... As you can see speed costs.
Crazy thing is this is the tip of the iceberg, but im confident there is someone out there who has spent a whole lot more than me.. so come dont be shy...

>> Edited by t urbo on Wednesday 16th March 17:58

[toppstuff]

t urbo said:

David i always need more speed.... As you can see speed costs. Crazy thing is this is the tip of the iceberg, but im confident there is someone out there who has spent a whole lot more than me.. so come dont be shy... >> Edited by t urbo on Wednesday 16th March 17:58

Mmm...

But is sobering to think that the amount of depreciation is the same as a TT X50 or a GT2 owned outright.

Being taken in by the shiny new baubles at the OPC is the killer !

Having said that, you are the living embodiment of the operating policy of Porsche Cars GB ! You sum up the business strategy of the OPC perfectly ! By buying and selling from the shiny steel and glass palace of Porsche's, you are paying for the showroom !

There is a lot to be said for avoiding the newest and latest and buying smart. Those with 993RS's or buying 996 GT2's right now look like they are doing the right thing...

[Melv]

Hmmmm....'94 Pajero, lost £5K in three years??

'91 964 Carrera Cup car, paid £27,500 over three years ago. Now with proven Carrera Cup racing provenance, who knows???

Mel

[aceparts_com]

Ok,
Own 993 turbo 4 paid 40K 18 months ago. Probably still worth about that.

owned 964 convertible for 3 years back in about 97 lost 7K (plus about £10K in repairs!)

I just look at the fancy new packaging (sorry, the all new whatever the development is today) in car showrooms and remind myself that all these new cars have consumed about five times more energy during their construction than they'll ever use in their life.
I then drive off in my 3.6 twin turbo eco warrior feeling as though I've just saved the planet

[nel]

t urbo said:

said painful things about depreciation

Blimey - you're the king as far as I'm concerned! You obviously have the means to indulge your tastes so it's not the end of the world, but it could hardly be called "wise maney management".


Given the current trend for the manufacturers to engage in a horsepower war, they will undoubtedly lay further temptation before you....

[clubsport]

Not me..I've owned 6 Porkers including 1 new, always got more than I paid for them and current 993 shouldn't really lose anything.
I would like to take this opportunity to thank the original purchasers for making this possible

[Mannginger]

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.

Eye watering!

Phil

[rich1231]

clubsport said:

Not me..I've owned 6 Porkers including 1 new, always got more than I paid for them and current 993 shouldn't really lose anything. I would like to take this opportunity to thank the original purchasers for making this possible

b4stard!!!


:-)

[GuyR]

There's no way I'm adding up the costs on all the cars I've owned.

Here's the worst though, it's not a Porsche, but it's the reason I went back to Porsches:


Skyline GTR R34

Cost £32,000

Spend on engine rebuilds, development and modifications £72,000

Total Cost £104,000

Sold for £48,000

Net loss £56,000 or nearly twice the original cost of the car!

Guy

[GarrettMacD]

GuyR said:

There's no way I'm adding up the costs on all the cars I've owned. Here's the worst though, it's not a Porsche, but it's the reason I went back to Porsches: Skyline GTR R34 Cost £32,000 Spend on engine rebuilds, development and modifications £72,000 Total Cost £104,000 Sold for £48,000 Net loss £56,000 or nearly twice the original cost of the car! Guy

Holy FCUK, 72k is a preposterous amount on mods!!!

Here's me moaning like a b@stard to the bloke who wants £5k for a 450bhp engine for my 944 turbo.

Makes me realise how petty my problems are...

[Roshambo]

How the hell did you lose £8k in a year on a boxster ??
I assume these were brand new cars & traded in through an OPC ?

I ran a Boxster S for a year from Jan 2002 - Dec 2002 & I only lost £1k !
I only lost £2k in a year on my 1998 C2.

Ro.

[tony.t]

Haven't done too bad on depreciation;

944S2 "lost" £4k purchase to trade in over 5yrs
964 I still have but has probably dropped 10k over 5yrs, so over 10yrs £14k depreciation.

Have done less well with mods/running costs, £8k for the S2 and I stopped counting at £30k for the 964

>> Edited by tony.t on Wednesday 16th March 22:31

[BobM]

I get the feeling you aren't losing sleep over it t urbo

Better when you're old and decrepit to be able to smile and reflect on the nice cars you've enjoyed than think of the money sitting in the bank waiting for your kids to spend it

[johnny senna]

Roshambo said:

How the hell did you lose £8k in a year on a boxster ?? I assume these were brand new cars & traded in through an OPC ? Ro.

Yes, pretty much......is the simple answer to your question.

I bought my Boxster S from an OPC, then needed to get rid of the car in a hurry to buy my 993 RS. I got the trade value from the OPC and couldn't believe my ears. So I sold it to my mate for the same price so at least someone I know could have the car at such a pitiful crappy small price, rather than the OPC.

[jolley]

t urbo said:

Owned Ford Rs Turbo for 7 months and lost £7k

How the hell do you lose £7k on an RS Turbo.... I assume that must have been from new?!

My worst are:
Punto GT owned for 14 months, lost £4.5k!
Clio Sport owned for 18 months, lost £5k!
Looking to sell my 16month old WRX which I bought for £20k, and Subaru have offered £11.5k, so lost £8.5k!

Peanuts in comparison, but all of those were within the last 3 years... and the depreciation alone would have paid for my current car outright!! ..... bugger, I wish I didn't have petrol in my blood!!

[aceparts_com]

Actually, I'd like to edit this part of my previous post, not to be cocky but to show that you never know what life is going to bring!

owned 964 convertible for 3 years back in about 97 lost 7K (plus about £10K in repairs!)


BUT, the 964 gave me the idea for making indicators for it which then grew into a nice little 'cottage industry'. So really, the 964 appreciated by a couple of hundred grand. That must be a record for a 964!