Notices
991 2012-2019
Sponsored by:
Sponsored by:

Alternate View on Depreciation

Thread Tools
 
Search this Thread
 
Old 02-04-2017, 07:50 AM
  #1  
Jay-S
Rennlist Member
Thread Starter
 
Jay-S's Avatar
 
Join Date: Mar 2013
Location: Atlanta, GA
Posts: 544
Received 159 Likes on 49 Posts
Default Alternate View on Depreciation

I see the comments of folks concerned about depreciation of their 911s and I get it. However, if I drive the crap out of my car (daily driver, autocross, general hooliganism) and it's worth $1 when I'm done with it, then I know I maximized my enjoyment of the car. Am I the only one?

BTW - I do take good care of my car so as to hold off the $1 trade-in as long as possible
Old 02-04-2017, 08:03 AM
  #2  
subshooter
Rennlist Member
 
subshooter's Avatar
 
Join Date: Jan 2016
Location: New Orleans, LA (NOLA)
Posts: 5,094
Received 2,141 Likes on 981 Posts
Default

I'm the same way. My daily driver is a Lexus has 164k miles on it. My 2014 981 has 31k miles on it and it is only a weekend toy.

A car is a consumable, not an investment. (unless it is a 918 and you store it in your garage and never drive it).
Old 02-04-2017, 08:46 AM
  #3  
Duke I
Rennlist Member
 
Duke I's Avatar
 
Join Date: Apr 2014
Location: The Rockies
Posts: 593
Received 10 Likes on 6 Posts
Default

I never, ever think about depreciation on my cars. I keep them until they are used up. I hope and expect that I'll have my 991 for many, many years -- and even then it'll be a gift to a grandchild (provided that it'll not be a burden).
Old 02-04-2017, 09:13 AM
  #4  
LexVan
Banned
 
LexVan's Avatar
 
Join Date: Jan 2013
Location: Chicagoland Area
Posts: 26,142
Likes: 0
Received 5,388 Likes on 2,509 Posts
Default

If someone bought a Coca-Cola, chilled it down, served it in a nice clean frosted glass, and drank 1/2 of it on a warm sunny day, they'd never say, "my Coke just depretiated by 50%". So, it always seemed silly to me that people think this way about cars. I'm consuming part of the car's value, and receiving benefits (purpose, enjoyment, transportation....whatever) in return.
Old 02-04-2017, 09:35 AM
  #5  
Needsdecaf
RL Community Team
Rennlist Member
 
Needsdecaf's Avatar
 
Join Date: Jan 2013
Location: The Woodlands, TX.
Posts: 8,822
Received 2,528 Likes on 1,575 Posts
Default

Porsche depreciation is great for us second owners!
Old 02-04-2017, 09:55 AM
  #6  
NVRANUF
Rennlist Member
 
NVRANUF's Avatar
 
Join Date: Sep 2002
Location: In a van down by the Ottawa River ...
Posts: 4,132
Received 460 Likes on 257 Posts
Default

Originally Posted by Needsdecaf
Porsche depreciation is great for us second owners!
....and us original owners are more happy to oblige!
Old 02-04-2017, 09:58 AM
  #7  
STG
Race Director
 
STG's Avatar
 
Join Date: Nov 2014
Location: FL
Posts: 13,800
Likes: 0
Received 193 Likes on 137 Posts
Default

Originally Posted by Jay-S
I see the comments of folks concerned about depreciation of their 911s and I get it. However, if I drive the crap out of my car (daily driver, autocross, general hooliganism) and it's worth $1 when I'm done with it, then I know I maximized my enjoyment of the car. Am I the only one?

BTW - I do take good care of my car so as to hold off the $1 trade-in as long as possible

I don't think I've ever seen a thread on the 991 forum with "concern for deprecation". That's one good thing about this forum and a breath of fresh air. Where have you seen that on here? I'd like to know.

Now the 991 GT3/RS forum? That's where you should put his thread

Last edited by STG; 02-04-2017 at 10:22 AM.
Old 02-04-2017, 10:00 AM
  #8  
Coincident
Rennlist Member
 
Coincident's Avatar
 
Join Date: Oct 2013
Location: Maple,ON.
Posts: 315
Likes: 0
Received 1 Like on 1 Post
Default

If depreciation is of main concern, the best route to follow is to buy a low mileage Porsche that is 3, preferably 5 years old. The depreciation thereafter will be negligible.
Old 02-04-2017, 10:35 AM
  #9  
tstafford
Race Car
 
tstafford's Avatar
 
Join Date: May 2006
Location: Nashville
Posts: 4,483
Received 1,083 Likes on 621 Posts
Default

I have zero concern about depreciation other than for timing my purchase to get max value and warranty on used 911. Past that I don't care. I drive it, track it, maintain it and will sell whenever the mood strikes.
Old 02-04-2017, 11:02 AM
  #10  
justabout
Rennlist Member
 
justabout's Avatar
 
Join Date: May 2012
Posts: 1,277
Received 288 Likes on 212 Posts
Default

My view is when I purchase the product, my money is gone. Reselling cuts the losses. I don't think of it in terms of depreciation.
Old 02-04-2017, 11:17 AM
  #11  
Overdraft
Rennlist Member
 
Overdraft's Avatar
 
Join Date: Sep 2009
Location: Ontario Canada
Posts: 1,919
Received 379 Likes on 204 Posts
Default

Originally Posted by tstafford
I have zero concern about depreciation other than for timing my purchase to get max value and warranty on used 911. Past that I don't care. I drive it, track it, maintain it and will sell whenever the mood strikes.
+1.....at the end of the road..meaning when the ticker stops ticking....'X' dollars (fill in the X) should be negligible as a percentage to your overall estate and those who will benefit from it. If you were able to afford/ maintain and experience ownership of these magnificent machines - and the fun/ joy they bring - that is pretty special. Consider for a moment the majority of the mundane tasks underway when we experience our cars...making the task 'fun' - driving to work - grocery store - visiting your mother....whatever. Now, more pointedly, if they don't bring joy, NOW you've identified the core issue and should go a more sensible program...whatever sensible means to you.
Old 02-04-2017, 11:42 AM
  #12  
Dewinator
Drifting
 
Dewinator's Avatar
 
Join Date: May 2015
Posts: 3,096
Received 44 Likes on 36 Posts
Default

I've always looked at it as it will depreciate somewhat just sitting in the garage, so the more you drive it, the lower your ownership cost per mile will be. Your enjoyment per mile is the same, so the more you drive, the higher your enjoyment per dollar will be.
Old 02-04-2017, 11:53 AM
  #13  
jimbo1111
Banned
 
jimbo1111's Avatar
 
Join Date: Sep 2002
Location: Westchester, NY
Posts: 3,687
Received 36 Likes on 30 Posts
Default

I look at it this way. Normal life span of a vehicle is approximately 13 to 15 years. How an owner handles that ownership period will determine its value beyond that and the most telling part is how well built the vehicle is. A simple designed car with the simplest technology, engine and powertrain will most likely be a pleasure to own beyond those years. Vehicles with simplicity and ease of repair by hobbyists will demand a premium. Over complicated designed vehicles will most likely find there way to scrap yards.
I don't foresee these newer type cars being held by owners in the long run simply because of how these manufacturers have made there systems proprietary. When vehicles reach there life span of 13 or so years. Many owners will dump them due to dealer repair costs overwhelming the book values. Repair costs on PDK transmissions and proprietary electronics will eventually supersede owners equity. Forcing the inevitable. Vehicles with under 100k miles will only survive. Those garage queens will probably be the only thing left. Might even demand a premium, but I wouldn't hold my breath.
Old 02-04-2017, 03:36 PM
  #14  
tstafford
Race Car
 
tstafford's Avatar
 
Join Date: May 2006
Location: Nashville
Posts: 4,483
Received 1,083 Likes on 621 Posts
Default

OT: Overdraft - very sweet that you have an Ice Blue car incoming. Can't wait to see pics of that. One of my top PTS colors if I ever get the chance and have the patience.
Old 02-04-2017, 03:57 PM
  #15  
R_Rated
Banned
 
R_Rated's Avatar
 
Join Date: Jan 2016
Location: Where aspirations are natural
Posts: 4,389
Likes: 0
Received 41 Likes on 32 Posts
Default

Originally Posted by Needsdecaf
Porsche depreciation is great for us second owners!
yes! I got mine with 1200 miles for ~80K CPO. 137K MSRP. C2S Cab. Could not be happier although my love for her may not be healthy.


Quick Reply: Alternate View on Depreciation



All times are GMT -3. The time now is 02:00 PM.