READ & THINK: AM I A CLASSIC? / WHAT VALUE?
10-04-2019, 11:48 AM
#16
Addict
Rennlist Member
Rennlist Member
10-04-2019, 01:12 PM
#18
Race Car
Well not to side track the thread on value, but if you know of one for sale/import that is a quality car, please PM me.
10-04-2019, 03:08 PM
#21
Addict
Rennlist Member
Rennlist Member
10-04-2019, 04:04 PM
#22
Nordschleife Master
8% irr is not hard to beat
most value escalation were recent so IRR is not fair calc, the NPV would be much lower and worthless.
but you know that.
we are all fk'd
but it's ok
we will all die from global warming, after all climate changes wiped out the almighty dinosaurs.
so no need to have any money left, last I checked, hell doesn't take regular currencies.
sex favors works well down in hell.
but just in case, I will call them to see if crypto works in hell.
most value escalation were recent so IRR is not fair calc, the NPV would be much lower and worthless.
but you know that.
we are all fk'd
but it's ok
we will all die from global warming, after all climate changes wiped out the almighty dinosaurs.
so no need to have any money left, last I checked, hell doesn't take regular currencies.
sex favors works well down in hell.
but just in case, I will call them to see if crypto works in hell.
10-05-2019, 05:41 AM
#23
Rennlist Member
Thread Starter
10-05-2019, 08:28 AM
#24
Nordschleife Master
10-05-2019, 09:47 AM
#25
The rate of return that I am looking for is the friends I can make with a car, the fun drives and smiles that I can have and the memories I can make. If I happen to not loose a ton of money each year, then that is just a win on top of all of that.
I think the goal for most of us should be to buy a car that does not loose a ton of value each year. Some seem to be able to drive a car, lose a couple thousand dollars per year (not including tax, maintenance, insurance etc) and then sell. That is the ideal situation. If somehow you can lose no money on a purchase that is amazing. But thinking that you can sell for more than you paid, or significantly more than you paid is just not something that happens often. Unless you want to wait 50 years and keep your car in a warehouse never driven.
I think the goal for most of us should be to buy a car that does not loose a ton of value each year. Some seem to be able to drive a car, lose a couple thousand dollars per year (not including tax, maintenance, insurance etc) and then sell. That is the ideal situation. If somehow you can lose no money on a purchase that is amazing. But thinking that you can sell for more than you paid, or significantly more than you paid is just not something that happens often. Unless you want to wait 50 years and keep your car in a warehouse never driven.
10-05-2019, 11:28 PM
#26
Rennlist Member
Thread Starter
The rate of return that I am looking for is the friends I can make with a car, the fun drives and smiles that I can have and the memories I can make. If I happen to not loose a ton of money each year, then that is just a win on top of all of that.
I think the goal for most of us should be to buy a car that does not loose a ton of value each year. Some seem to be able to drive a car, lose a couple thousand dollars per year (not including tax, maintenance, insurance etc) and then sell. That is the ideal situation. If somehow you can lose no money on a purchase that is amazing. But thinking that you can sell for more than you paid, or significantly more than you paid is just not something that happens often. Unless you want to wait 50 years and keep your car in a warehouse never driven.
I think the goal for most of us should be to buy a car that does not loose a ton of value each year. Some seem to be able to drive a car, lose a couple thousand dollars per year (not including tax, maintenance, insurance etc) and then sell. That is the ideal situation. If somehow you can lose no money on a purchase that is amazing. But thinking that you can sell for more than you paid, or significantly more than you paid is just not something that happens often. Unless you want to wait 50 years and keep your car in a warehouse never driven.
With maintenance, insurance and taxes our hobbies can only be what it is--an NPV-negative hobby!
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Spyerx (10-06-2019)