How to quantify “value”
01-02-2019, 01:55 PM
#16
Rennlist Member
01-02-2019, 02:56 PM
#17
Race Director
Thread Starter
We need a point system.
For example....
100 Points (every month of ownership)
50 Points (per track mile)
2.5 Points (per back road mile)
1 Point (per commute mile)
There is some logic to the above (not saying a LOT)!
- The months of ownership points bonus separates the flippers from the real owners.
- Heavy bonus for track miles, which means Peter and Joe are at the top of the leaderboard
- Decent bonus for weekend fun miles
- Regular points for driving the car
Probably need some extra points for mods. Throw a roll cage in and it gets you 500 points. Stereo upgrade gets points taken away lol, Just kidding!
For example....
100 Points (every month of ownership)
50 Points (per track mile)
2.5 Points (per back road mile)
1 Point (per commute mile)
There is some logic to the above (not saying a LOT)!
- The months of ownership points bonus separates the flippers from the real owners.
- Heavy bonus for track miles, which means Peter and Joe are at the top of the leaderboard
- Decent bonus for weekend fun miles
- Regular points for driving the car
Probably need some extra points for mods. Throw a roll cage in and it gets you 500 points. Stereo upgrade gets points taken away lol, Just kidding!
01-02-2019, 03:38 PM
#18
Originally Posted by robmypro
I agree there is some value in having choices, and this entire metric favors one car garages over stables. When i add another car to my stable my cpm will most likely go up significantly. But maybe at that point both cars (991.1 GT3 and 458) will have reached the flatter curve of depreciation. In any case, cpm will rise for sure. If anything cpm just puts a number on the luxury.
Doing that has made me feel bad about my GT350. I'm not somebody who has financial means to not care about the costs and not drive them. Having 3 fun cars drives that home, especially with the mileage I drive them annually. Financially the multiple infrequent use cars doesn't make sense. In the end I prefer not to think about it too hard and just try to enjoy and think about them as experiences.
01-03-2019, 12:37 PM
#19
Rennlist Member
We need a point system.
For example....
100 Points (every month of ownership)
50 Points (per track mile)
2.5 Points (per back road mile)
1 Point (per commute mile)
There is some logic to the above (not saying a LOT)!
- The months of ownership points bonus separates the flippers from the real owners.
- Heavy bonus for track miles, which means Peter and Joe are at the top of the leaderboard
- Decent bonus for weekend fun miles
- Regular points for driving the car
Probably need some extra points for mods. Throw a roll cage in and it gets you 500 points. Stereo upgrade gets points taken away lol, Just kidding!
For example....
100 Points (every month of ownership)
50 Points (per track mile)
2.5 Points (per back road mile)
1 Point (per commute mile)
There is some logic to the above (not saying a LOT)!
- The months of ownership points bonus separates the flippers from the real owners.
- Heavy bonus for track miles, which means Peter and Joe are at the top of the leaderboard
- Decent bonus for weekend fun miles
- Regular points for driving the car
Probably need some extra points for mods. Throw a roll cage in and it gets you 500 points. Stereo upgrade gets points taken away lol, Just kidding!
01-03-2019, 03:25 PM
#20
Race Director
Thread Starter
01-03-2019, 05:59 PM
#21
I love metrics. CPM is ok as a quantitative metric. And as several mentioned, differentiating commute drives versus fun drives is key...with fun drives being more valuable.
The qualitative part of value is much harder to measure. Not sure how I’d quantify other value-add criteria such as friendships/comraderie via car community, goal-achievement satisfaction, car-build enjoyment. Though driving is my favorite part of the car hobby, these other criteria are subjective yet can easily dwarf the CPM metric in terms of whether or not car ownership was worthwhile.
In other words: if I can afford to own/maintain a certain car and I enjoy it on my own or with others, then life is good.
The qualitative part of value is much harder to measure. Not sure how I’d quantify other value-add criteria such as friendships/comraderie via car community, goal-achievement satisfaction, car-build enjoyment. Though driving is my favorite part of the car hobby, these other criteria are subjective yet can easily dwarf the CPM metric in terms of whether or not car ownership was worthwhile.
In other words: if I can afford to own/maintain a certain car and I enjoy it on my own or with others, then life is good.
01-03-2019, 06:08 PM
#22
Well The CPM VS CPTM quite a different number , your MPG drops to maybe 4 MPG , set of cups for 2k last 12 hours or 1200 miles at best ,
brake pads at 800+- good for 5 to 7 events accelerated engine service additional insurance and on and so on added cost over CPM for the road
But the monitory value to cleansing ones sole from successfully completing another thrilling session around the track as your left arm out and up as one pits in
the costs seems to loose significance with such an exhilarating experience for living life in the literal fast lane .
or some such winded verbiage
brake pads at 800+- good for 5 to 7 events accelerated engine service additional insurance and on and so on added cost over CPM for the road
But the monitory value to cleansing ones sole from successfully completing another thrilling session around the track as your left arm out and up as one pits in
the costs seems to loose significance with such an exhilarating experience for living life in the literal fast lane .
or some such winded verbiage
01-06-2019, 01:30 PM
#23
Rennlist Member
More driving
less math
thank me later
less math
thank me later
01-06-2019, 02:13 PM
#24
Race Director
Thread Starter
01-06-2019, 03:25 PM
#25
Rennlist Member
01-06-2019, 10:17 PM
#27
GT3 player par excellence
Lifetime Rennlist
Member
Lifetime Rennlist
Member
a car that you would MAKE time to drive
skip meetings
skip work
forget to pick up kids
that's the only car with value.
all the others are just POS collecting dust and wasting your time.
and there are very very few cars that haver "value" as described above.
skip meetings
skip work
forget to pick up kids
that's the only car with value.
all the others are just POS collecting dust and wasting your time.
and there are very very few cars that haver "value" as described above.
01-06-2019, 10:53 PM
#29
Drifting
^ ok back in 5 and 60k to go mean time pts. 337,500 minus 10 for C&C last summer . zero commute use a boat for that. love my 15 POS Thanks Rob, Carmen and team
01-07-2019, 02:01 PM
#30
Rennlist Member
