Best and Worst depreciation?

[iandc]

Given that most supercars tend to depreciate but the odd ones atually go up in value has anyone either lost of gained excessive amounts? I understand it is all subjective and you pay for the enjoyment of ownership etc but interested in knowing examples. To start the ball rolling I lost £35k on 360 Spider in 18 months but next to nothing on Gallardo Spyder in same period.

[DrYazz]

iandc said:

Given that most supercars tend to depreciate but the odd ones atually go up in value has anyone either lost of gained excessive amounts? I understand it is all subjective and you pay for the enjoyment of ownership etc but interested in knowing examples. To start the ball rolling I lost £35k on 360 Spider in 18 months but next to nothing on Gallardo Spyder in same period.

Blimey. What did you do? Roll it off a cliff?

[matc]

I made £5k on the Cayman S I had before the 360 and recently sold that for £4k more than I paid for it. I guess if you change cars pretty regularly and look for the bargains without being too fussy on spec/colour then supercar ownership can be relatively cheap!

Buying new and selling after 2/3 years is always going to have the worst depreciation, but I guess you do get the benefit of speccing the car exactly as you want it and the joy of being the the first person to thrash it!

[johnnyreggae]

There's a post here earlier today suggesting a bid equating to nearly thirty grand depreciation in four months on a new Cayenne Turbo

[Candellara]

Good friend of mine purchased a nice Rosso Corsa 360M with 27k miles from an Independant dealer in 2007. Year 2000 car - Purchase price £62k (which was in-line with market value at the time)

Spent:
£1k private plate
£500 detailing
£900 service
£800 insurance
£xxx tax

F1 pump failed

£6200 inc clutch from Ferrari Main dealer

Total outlay £71400

After 18 months and just 1500 miles, car went on the market via SOR £48k. No takers, reduced to £45k. No takers so car returned from Ferrari specialist where it was on SOR. £42k privately advertised - no takers. £40k and finally accepted an offer from a private buyer of £38k inc private plate

Cost £33,400 or £22.26 per mile cost of ownership excluding any finance costs (IIRC the car wasn't on finance, but if it had been add another few '000 in costs)

[pattyg]

Candellara said:

Good friend of mine purchased a nice Rosso Corsa 360M with 27k miles from an Independant dealer in 2007. Year 2000 car - Purchase price £62k (which was in-line with market value at the time)

Spent:
£1k private plate
£500 detailing
£900 service
£800 insurance
£xxx tax

F1 pump failed

£6200 inc clutch from Ferrari Main dealer

Total outlay £71400

After 18 months and just 1500 miles, car went on the market via SOR £48k. No takers, reduced to £45k. No takers so car returned from Ferrari specialist where it was on SOR. £42k privately advertised - no takers. £40k and finally accepted an offer from a private buyer of £38k inc private plate

Cost £33,400 or £22.26 per mile cost of ownership excluding any finance costs (IIRC the car wasn't on finance, but if it had been add another few '000 in costs)

Ouch! But if you include tax, plates, servicing and insurance every motorist takes a shoeing.

[Mosi]

johnnyreggae said:

There's a post here earlier today suggesting a bid equating to nearly thirty grand depreciation in four months on a new Cayenne Turbo

I lost £35k on a brand new Cayenne Turbo I bought in 2004 and sold 3 months later. I was dead chuffed!!

Lost nowt on my SuperL that I bought in June 09 and sold in Oct 10 though (after 7k very enjoyable miles I will add)

[andrew]

coyft said:

I've been pleasantly surprised with my Gallardo SL. I've had it for 2 and half years, paid £124k for it with 3,000 miles. It's done 13,000 now, not sure what it's worth but I would have thought £90K. With servicing, tyres at say £8k, stands me in at £131k. Works out at about £4 per mile.

any sl sub 100k is headed east

[Pork]

Mosi] said:

I lost £35k on a brand new Cayenne Turbo I bought in 2004 and sold 3 months later. I was dead chuffed!!

OUCH! Did you do 30k miles in 3 months or something?

[Mosi]

Pork said:

Mosi] said:

I lost £35k on a brand new Cayenne Turbo I bought in 2004 and sold 3 months later. I was dead chuffed!!

OUCH! Did you do 30k miles in 3 months or something?

Nope, did 8k miles

Put quite a bit of effort into getting the best trade price too

That experience was not the best

[markst]

bought my 360 spider for 76...kept it 12 months then sold it in 07 for 70.....just before prices dropped !!

my 328 cost me 32.5k and sold it for 30k...it would still be worth the same today....

it does appear dealers love a large margin ...try selling a 430 in the trade Vs buying one

[DMC2]

A friend of mine lost over £60k on a Vanquish in 18 months...

[phib]

Best was my 911 2.7 rs paid 43k kept it 4 years sold it for 202k ( I did however spend 86k with Porsche having it restored properly !!!)

355 probably worth what i paid for it 3 years ago

Phib

[UH-Matt]

coyft said:

I've been pleasantly surprised with my Gallardo SL. I've had it for 2 and half years, paid £124k for it with 3,000 miles. It's done 13,000 now, not sure what it's worth but I would have thought £90K. With servicing, tyres at say £8k, stands me in at £131k. Works out at about £4 per mile.

£90k you say? I'll take it

[Xeno]

I think £30k is about the bottom line for a good condition V8 Ferrari. Can't ever see them dropping below that in big numbers.

[tali1]

Mosi said:

Pork said:

Mosi] said:

I lost £35k on a brand new Cayenne Turbo I bought in 2004 and sold 3 months later. I was dead chuffed!!

OUCH! Did you do 30k miles in 3 months or something?

Nope, did 8k miles

Put quite a bit of effort into getting the best trade price too

That experience was not the best

But was the urgency /desperation that you had to sell and take a 35k hit?- You probably would have got same after a year

[sng45]

One of my friends paid £134,000 for a Bentley Continental GT when they first came out - kept it for 16 months and 1800 miles in that time - sold it for ...................£84,000 ........................so a loss of 50 grand or £3,125pm - £27.77 per mile !!!

[Mosi]

tali1 said:

But was the urgency /desperation that you had to sell and take a 35k hit?- You probably would have got same after a year

In hindsight I wish I had kept it, but I was impatient and wanted something else

Ho hum

[Sarnie]

coyft said:

UH-Matt said:

coyft said:

I've been pleasantly surprised with my Gallardo SL. I've had it for 2 and half years, paid £124k for it with 3,000 miles. It's done 13,000 now, not sure what it's worth but I would have thought £90K. With servicing, tyres at say £8k, stands me in at £131k. Works out at about £4 per mile.

£90k you say? I'll take it

I was only guessing.

Should not be construed as expression of willingness to enter into a contract of sale

£91k?

[Pork]

Mosi said:

Pork said:

Mosi] said:

I lost £35k on a brand new Cayenne Turbo I bought in 2004 and sold 3 months later. I was dead chuffed!!

OUCH! Did you do 30k miles in 3 months or something?

Nope, did 8k miles

Put quite a bit of effort into getting the best trade price too

That experience was not the best

Blimey. Alas, tis only money.