04-06-2006, 11:29 AM
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#1
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Registered User
Join Date: Jul 2004
Location: Houston, Texas
Posts: 7,243
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PorscheDoc, thanks for this detailed info.
My buddy, like myself, bought a cheap 944 that had a good paint job but needed just about everything else... engine work, a new interior, new suspension, new rims and tires, etc.
The guy's got far too much time, energy and emotion wrapped up in this particular vehicle not to keep it. If he sold it, he'd lose his shirt. Modding what he has makes more sense than trading up in the product line
Sadly, he and I have a lot in common.
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04-06-2006, 03:24 PM
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#2
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Registered User
Join Date: Aug 2005
Location: Overland Park, KS
Posts: 180
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Quote:
Originally Posted by RandallNeighbour
PorscheDoc, thanks for this detailed info.
My buddy, like myself, bought a cheap 944 that had a good paint job but needed just about everything else... engine work, a new interior, new suspension, new rims and tires, etc.
The guy's got far too much time, energy and emotion wrapped up in this particular vehicle not to keep it. If he sold it, he'd lose his shirt. Modding what he has makes more sense than trading up in the product line
Sadly, he and I have a lot in common.
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Lol, don't we all
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Karl Wilen
RennsportKC
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04-06-2006, 04:27 PM
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#3
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Registered User
Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
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"If he sold it, he'd lose his shirt."
Actually, he has already lost his shirt. He just may not know it yet!
In finance, we call this a sunk cost.
__________________
Rich Belloff
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04-07-2006, 06:11 AM
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#4
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Registered User
Join Date: Jul 2004
Location: Houston, Texas
Posts: 7,243
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I'm in the same boat. The black book trade price for my car said it ranged from $9800 to $12,900. I have 25k invested thus far. Of course, I'd never trade a car this old for a new or newer boxster... I'd sell it to a private party.
I don't think I will ever sell my car unless I come into a sizeable inheritance and buying a new or newer one is just a simple decision for me and the loss isn't painful.
So a sunk loss of my own will only be experienced after many, many more years of enjoyment!
I absolutely love driving my car. It's great fun and continues to be a dream come true for me. My buddy with the 944 feels the same way, so we don't have bigger dreams like some do (trade up to a turbo, a GT, Ferrari, whatever).
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04-07-2006, 09:30 AM
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#5
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Registered User
Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
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If you look at it from a depreciation per TIME OR USE unit, yours is the way to go. If you love your car and keep on driving, hey, that is the deal, no?
Quote:
Originally Posted by RandallNeighbour
I'm in the same boat. The black book trade price for my car said it ranged from $9800 to $12,900. I have 25k invested thus far. Of course, I'd never trade a car this old for a new or newer boxster... I'd sell it to a private party.
I don't think I will ever sell my car unless I come into a sizeable inheritance and buying a new or newer one is just a simple decision for me and the loss isn't painful.
So a sunk loss of my own will only be experienced after many, many more years of enjoyment!
I absolutely love driving my car. It's great fun and continues to be a dream come true for me. My buddy with the 944 feels the same way, so we don't have bigger dreams like some do (trade up to a turbo, a GT, Ferrari, whatever).
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__________________
Rich Belloff
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