PistonHeads or Investmentheads?
Discussion
_Leg_ said:
Thoroughly bored of the umpteen threads discussing values, depreciation etc.
Prefer to talk about the vroom not boom and doom please.
I would have to agree, it is getting a little to obsessive, every new thread has something about values or investments,somewhat tiresome Prefer to talk about the vroom not boom and doom please.
Don't people want to enjoy the cars anymore ??, I've just got my gallado back with new anchors and geo setup ready for the summer months and I can't wait to enjoy the the sound of that V10!!
Bring on the sunshine !!!
belleair302 said:
Sadly too many CGT avoiders have put their money into a car as an investment and are too scared to drive it...and the real petrolheads cannot now afford £100,000 or more to spend on a drivers car. Sign of the times and of low interest rates.
OMG imaging being able to buy a CGT for 100K! Now that is a drivers car..._Leg_ said:
Thoroughly bored of the umpteen threads discussing values, depreciation etc.
Prefer to talk about the vroom not boom and doom please.
Looking at your garage its pretty obvious you've more £ than most posters. For some people the value or depreciation is a major concern. If you don't like a thread feel free to not click on it or participate...Prefer to talk about the vroom not boom and doom please.
KFC said:
_Leg_ said:
Thoroughly bored of the umpteen threads discussing values, depreciation etc.
Prefer to talk about the vroom not boom and doom please.
Looking at your garage its pretty obvious you've more £ than most posters. For some people the value or depreciation is a major concern. If you don't like a thread feel free to not click on it or participate...Prefer to talk about the vroom not boom and doom please.
i'll be the first to admit i'm getting a little kick out of knowing my car is probably worth 8 grand more than I paid for it.......but I've spent about that much in 2 years in servicing/ball joints etc. etc..........
i'm not too bothered about obsessing over mileage and usage or lack there of. in the first year I put 8000 on mine so stopped commuting in it and this year I've put less than 3000 on it. I never hesitate to drive it in any weather and it gets a good run out at least once a week.....i'm being sensible without turning it into an expensive garage ornament.
mine is definitely a keeper but I still keep half an eye on the market ,obviously.............but i'm with _Leg_ on this one!
I agree with OP. Supercars are expensive and so they should be. I think what we're seeing here is people on the cusp of supercar ownership (either just in or just out) who are either concerned about missing out ("please let prices fall") or are concerned they may have bitten off more than they can chew.
It is all getting a bit repetitive with a profilferation of threads so perhaps keeping things in a single thread would make for a less divisive community. Similar to the supercars spotted threads elsewhere.
I'm not sure what my cars have cost me over the years and nor am I interested in what they are worth now. The only thing I am interested in is the amount of fun I get taking them out on the local country roads - smiles per hour. Vroom.
It is all getting a bit repetitive with a profilferation of threads so perhaps keeping things in a single thread would make for a less divisive community. Similar to the supercars spotted threads elsewhere.
I'm not sure what my cars have cost me over the years and nor am I interested in what they are worth now. The only thing I am interested in is the amount of fun I get taking them out on the local country roads - smiles per hour. Vroom.
I think the OP is a bit unfair. The prices are going up so to ignore that would be silly. But at the same time I have no problem in using my car all the time. I even use it for commuting and ignore how miles might impact the value. But as I said if the price goes up then thats a bonus.
or down 
mwstewart said:
I agree. I buy my cars outright and from that point on write them off as an asset. The only way to enjoy them IMO.
Thats how I tend to look at it. I don't see my garage as a circa £100k asset... I see it as money already long gone. Though as someone who's not rich and prices going up/down will realistically dictate what I buy next, prices are obviously of some concern. I don't feel the need to make threads about it though as I can look all that stuff up on my own
Modificata said:
I think the OP is a bit unfair. The prices are going up so to ignore that would be silly. But at the same time I have no problem in using my car all the time. I even use it for commuting and ignore how miles might impact the value. But as I said if the price goes up then thats a bonus.
agreed, it's become a big aspect of itit's easy to say 'don't pay any attention and just buy the car you want' but when car 1 loses you £100 in depreciation and car 2 £0 or even profits it's a huge thing, especially for people who are stretching to afford them in the first place
In the old days, when Ted launched PH, it was a true driving enthusiasts web forum. More recently, it has become a complete bore about my car will hold its value more than yours. Who gives a f*ck? I really don't give a sh*t about the size of your investment portfolio.
I care about cars , amongst other stuff, but please can we creat a separate area for "look how much my car is worth" for all of the saddos that do care and like to harp on about it......
Rant over.....
I care about cars , amongst other stuff, but please can we creat a separate area for "look how much my car is worth" for all of the saddos that do care and like to harp on about it......
Rant over.....
Anjum said:
In the old days, when Ted launched PH, it was a true driving enthusiasts web forum. More recently, it has become a complete bore about my car will hold its value more than yours. Who gives a f*ck? I really don't give a sh*t about the size of your investment portfolio.
I care about cars , amongst other stuff, but please can we creat a separate area for "look how much my car is worth" for all of the saddos that do care and like to harp on about it......
Rant over.....
We're still here though aren't we - I'm sure it will come good again I care about cars , amongst other stuff, but please can we creat a separate area for "look how much my car is worth" for all of the saddos that do care and like to harp on about it......
Rant over.....
You work hard, you save up, you get a nice car, you work harder, you save a bit more, finally you get your dream car. You use it and enjoy it, but you look after it as it has possibly cost you a year or 2 of takehome pay.
Then one day you notice is it now worth 3 year's salary, then 4, then a large portion of the value of your house. At this point your perception of it changes. It is still the same bits of metal and rubber it has always been, but it now becomes an appreciating asset. The value is going up faster than the traditional "safe" investments, it becomes your biggest disposable asset, eventually it gets to be a sizeable portion of your pension pot.
Somewhere along this path you reassess it, do you want to drive it as much, how much will using it affect the value (or put another way, how much will it cost you to drive it, is it now £2/mile rather than 50p when you bought it), can you justify putting 5k on it if it knocks £10k off the resale price?
Like it or not, these things are no longer being seen as transport, they are investments. Like works of Art, stocks and shares, Star Wars figures, and 1980s Motorhead tour T-shirts. (OK, I'm being optimistic about the last one, but I'll fit into them again one day).
And like the contributors to any of the boards of these other investment classes, there is more talk about the value of a Magritte than discussion about the surreal symbolism and juxtaposition of text and image.
Personally I have no axe to grind, 10 years ago I couldn't have a Countach "as we've nowhere to keep it", 5 years ago I was persuaded to get a rental flat instead of a Dino, and even more recently a 512TR was out because "it might go expensively wrong".
I should have ignored her and bought either of the first 2. The increase in value would have far exceeded the cost of the divorce
Then one day you notice is it now worth 3 year's salary, then 4, then a large portion of the value of your house. At this point your perception of it changes. It is still the same bits of metal and rubber it has always been, but it now becomes an appreciating asset. The value is going up faster than the traditional "safe" investments, it becomes your biggest disposable asset, eventually it gets to be a sizeable portion of your pension pot.
Somewhere along this path you reassess it, do you want to drive it as much, how much will using it affect the value (or put another way, how much will it cost you to drive it, is it now £2/mile rather than 50p when you bought it), can you justify putting 5k on it if it knocks £10k off the resale price?
Like it or not, these things are no longer being seen as transport, they are investments. Like works of Art, stocks and shares, Star Wars figures, and 1980s Motorhead tour T-shirts. (OK, I'm being optimistic about the last one, but I'll fit into them again one day).
And like the contributors to any of the boards of these other investment classes, there is more talk about the value of a Magritte than discussion about the surreal symbolism and juxtaposition of text and image.
Personally I have no axe to grind, 10 years ago I couldn't have a Countach "as we've nowhere to keep it", 5 years ago I was persuaded to get a rental flat instead of a Dino, and even more recently a 512TR was out because "it might go expensively wrong".
I should have ignored her and bought either of the first 2. The increase in value would have far exceeded the cost of the divorce
DevonPaul said:
You work hard, you save up, you get a nice car, you work harder, you save a bit more, finally you get your dream car. You use it and enjoy it, but you look after it as it has possibly cost you a year or 2 of takehome pay.
Then one day you notice is it now worth 3 year's salary, then 4, then a large portion of the value of your house. At this point your perception of it changes. It is still the same bits of metal and rubber it has always been, but it now becomes an appreciating asset. The value is going up faster than the traditional "safe" investments, it becomes your biggest disposable asset, eventually it gets to be a sizeable portion of your pension pot.
Somewhere along this path you reassess it, do you want to drive it as much, how much will using it affect the value (or put another way, how much will it cost you to drive it, is it now £2/mile rather than 50p when you bought it), can you justify putting 5k on it if it knocks £10k off the resale price?
Like it or not, these things are no longer being seen as transport, they are investments. Like works of Art, stocks and shares, Star Wars figures, and 1980s Motorhead tour T-shirts. (OK, I'm being optimistic about the last one, but I'll fit into them again one day).
And like the contributors to any of the boards of these other investment classes, there is more talk about the value of a Magritte than discussion about the surreal symbolism and juxtaposition of text and image.
Personally I have no axe to grind, 10 years ago I couldn't have a Countach "as we've nowhere to keep it", 5 years ago I was persuaded to get a rental flat instead of a Dino, and even more recently a 512TR was out because "it might go expensively wrong".
I should have ignored her and bought either of the first 2. The increase in value would have far exceeded the cost of the divorce
My wife has no interest in cars whatsoever. A few months ago I thought about selling my appreciating classic, she went nuts and told me not to, I thought ahh, that's really nice, she wants me to keep my pride and joy, nah, she realised how it was making significant money month on month!!Then one day you notice is it now worth 3 year's salary, then 4, then a large portion of the value of your house. At this point your perception of it changes. It is still the same bits of metal and rubber it has always been, but it now becomes an appreciating asset. The value is going up faster than the traditional "safe" investments, it becomes your biggest disposable asset, eventually it gets to be a sizeable portion of your pension pot.
Somewhere along this path you reassess it, do you want to drive it as much, how much will using it affect the value (or put another way, how much will it cost you to drive it, is it now £2/mile rather than 50p when you bought it), can you justify putting 5k on it if it knocks £10k off the resale price?
Like it or not, these things are no longer being seen as transport, they are investments. Like works of Art, stocks and shares, Star Wars figures, and 1980s Motorhead tour T-shirts. (OK, I'm being optimistic about the last one, but I'll fit into them again one day).
And like the contributors to any of the boards of these other investment classes, there is more talk about the value of a Magritte than discussion about the surreal symbolism and juxtaposition of text and image.
Personally I have no axe to grind, 10 years ago I couldn't have a Countach "as we've nowhere to keep it", 5 years ago I was persuaded to get a rental flat instead of a Dino, and even more recently a 512TR was out because "it might go expensively wrong".
I should have ignored her and bought either of the first 2. The increase in value would have far exceeded the cost of the divorce
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