Short term ownership depreciation?
#16
Paradox, the question is what other car do you think can hold up their value as much as a GT3 that gives you the feels and excitement. Any of the other exotics will get hammered in value even if you look at it sitting pretty in your garage. Lets not even talk about driving it. Anything lesser is lesser and it all depends on your wallet size.
A vette is a very good option but a vette is a vette. Nothing more.
A vette is a very good option but a vette is a vette. Nothing more.
#17
Pro
Assuming the 2014's don't have any major issues, I don't see them depreciating any more than a 2015 because of the extended warranty. I plan on driving my car 2 years and selling it for around 130k, hopefully more. It was 150k new and will probably have no more than 10k miles.
#18
Burning Brakes
This brings us back to the whole leasing idea... If you plan on tracking your car extensively, a lease is genius. At approx $2300-$2500/month (going from memory) you can flog the car for two years then return it with no questions asked, and less taxes paid, which in California especially is a huge deal.
However, I think most of us want to hold on to these for a bit
However, I think most of us want to hold on to these for a bit
#19
Race Director
Dealer could be lieing, but I don't believe so in this case. He specifically told me that if I intend on tracking it, then leasing is a no-brainer as they look at exterior damage and basic items.. Not internal mechanical wear and tear. I haven't had the chance to complete my order yet not have I decide which way to go.. However, this is what I was told. Anyone know differently?
#20
Nordschleife Master
Dealer could be lieing, but I don't believe so in this case. He specifically told me that if I intend on tracking it, then leasing is a no-brainer as they look at exterior damage and basic items.. Not internal mechanical wear and tear. I haven't had the chance to complete my order yet not have I decide which way to go.. However, this is what I was told. Anyone know differently?
But yes,heavily tracked means some exterior damage in my mind : paint chips,scratches,damage to wheels from hitting curbs,damage to bumper-see Sam etc.
The wear and tear goes without saying : you have to return the car with tires,brakes etc in good condition.
So,I don't think the lease can be seen as a " I don't care I'll trash it " kind of approach. If you want to do that and not worry,owning it is a better alternative IMO.
Last edited by neanicu; 08-06-2014 at 07:17 PM.
#21
Yeah, that's funny. Not that I care about how much my car depreciates but the 2014 will likely depreciate at the same rate as other model years. I actually think the 2014s will depreciate less and the reasons have been expressed numerous times before but I digress. As mentioned, 10-15% is expected for most 991 GT3 cars, even if tracked.
#22
Yeah, that's funny. Not that I care about how much my car depreciates but the 2014 will likely depreciate at the same rate as other model years. I actually think the 2014s will depreciate less and the reasons have been expressed numerous times before but I digress. As mentioned, 10-15% is expected for most 991 GT3 cars, even if tracked.
#24
$2500 month for 2yrs = $60,000. That seems kind of expensive to me. Let's say you lease a low optioned GT3 with a $131,000 MSRP. I think that car will be worth a lot more than $71,000 2 years later. I think the only way to make this deal work is to buy the car at lease end, then flip it for a profit.
On a lease I can justify about 70% for legitimate business use (I am in the automotive electronics business). That changes the equation significantly in terms of out-of-pocket expenses, especially because I can have the portion that is not written off simply treated as additional income to me.
I would have to look at it carefully before making an informed decision.
#26
GT3 player par excellence
Lifetime Rennlist
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Lifetime Rennlist
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sadly porsche are now ferrari's.
a 5000 mile GT3, is considered high miler. not by me, but the general public.
OP asked for dep'n if kept for one year.
well is it parked or driven?
if you have 1000 miles then you will see very little depn if at all.
if u put 20k miles a year like i did before kids, you will see very very high dep'n smiply b/c you will be the only car that's at 20k miles....
i have had many GT3's that are 1000 miles/yr as well as 20000 miles/yr.
i played this game in REAL LIFE/REAL TIME not just guessing.
a 5000 mile GT3, is considered high miler. not by me, but the general public.
OP asked for dep'n if kept for one year.
well is it parked or driven?
if you have 1000 miles then you will see very little depn if at all.
if u put 20k miles a year like i did before kids, you will see very very high dep'n smiply b/c you will be the only car that's at 20k miles....
i have had many GT3's that are 1000 miles/yr as well as 20000 miles/yr.
i played this game in REAL LIFE/REAL TIME not just guessing.