Quote:
Originally Posted by recycledsixtie
A good question here is does anybody think about resale of a car especially when you are talking about buying a new car? Not trying to hijack your thread though but is it a factor in this purchase?
Would a new 981 depreciate more than a Ferrari?
For instance I have never had a car that appreciated in my life. My Box base follows the same pattern.....however I would not have changed anything in my purchase.
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I don't think in terms of depreciation. I think in terms of consumption. In other words, I am consuming the car's value over time, so it will logically be worth less after a period of time.
I bought my 2006 Boxster S for $70. Drove it for 7.5 driving seasons, almost 60,000 miles and sold it this September for $30. Seems far to me. So it cost me about $0.67/mile to drive. So, when I do a 320 mile Saturday morning drive to enjoy the weather, great roads and awesome car, I spent $215. Big whip. People spend that much on golf and booze on a weekend morning.
On the other hand, I bought my 1997 993 Turbo in 2009 for low $60's and drove it for 4 years and 40,000 miles and sold it this summer for low $90's. So, it all depends.
I have a new 991 C2S Cabriolet on order for March delivery. Lots of options. Very expensive. +$150. Sure I'll get hammered on depreciation/consumption, but I really don't care. It's paid for. I'll have it for at least 10 years. Doesn't matter what it's worth or not worth in 10 years.
Yes, I think a new modern Ferrari will depreciate faster than a new modern Porsche.