Allocation + ADM?
#1576
Instructor
In any case.. Everyone enjoy your cars …..
#1577
Your not wrong. Pre-Pandemic I owned GT3's, GT3 RS's and Turbo S's. I wouldn't buy a brand new 600LT no matter how much I was drawn to them. $300K msrp, only to be worth $185 to $190K on trade in? Over a 30% loss for sure. Naaa, no thanks. I got in and out of Turbo's with $15-$20K losses.
The ONLY way I would have considered a McLaren was pre-owned and at a stupid good deal at that - because it was common knowledge you were going to take a hit on trade in. The lease figures on them were horrible.
If memory serves me correct I purchased a brand new 2019 Turbo S at $186K after discounts and traded it in for $170K - so $16K or about 8-9% loss.
The ONLY way I would have considered a McLaren was pre-owned and at a stupid good deal at that - because it was common knowledge you were going to take a hit on trade in. The lease figures on them were horrible.
If memory serves me correct I purchased a brand new 2019 Turbo S at $186K after discounts and traded it in for $170K - so $16K or about 8-9% loss.
Last edited by Modern Growl; 07-07-2021 at 11:58 PM.
#1578
Your not wrong. Pre-Pandemic I owned GT3's, GT3 RS's and Turbo S's. I wouldn't buy a brand new 600LT no matter how much I was drawn to them. $300K msrp, only to be worth $185 to $190K on trade in? Over a 30% loss for sure. Naaa, no thanks. I got in and out of Turbo's with $15-$20K losses.
The ONLY way I would have considered a McLaren was pre-owned and at a stupid good deal at that - because it was common knowledge you were going to take a hit on trade in. The lease figures on them were horrible.
If memory serves me correct I purchased a brand new 2019 Turbo S at $186K after discounts and traded it in for $170K - so $16K or about 8-9% loss.
The ONLY way I would have considered a McLaren was pre-owned and at a stupid good deal at that - because it was common knowledge you were going to take a hit on trade in. The lease figures on them were horrible.
If memory serves me correct I purchased a brand new 2019 Turbo S at $186K after discounts and traded it in for $170K - so $16K or about 8-9% loss.
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fastforddriver (07-08-2021)
#1579
Do you buy a car to minimize your depreciation or do you buy a car to maximize your enjoyment?
Fwiw- my 2018 720s that I’m the sole owner of abd have put over 7000 miles on goes to the dealer in a few weeks to get listed for 285k. I paid 320k for the car.
Fwiw- my 2018 720s that I’m the sole owner of abd have put over 7000 miles on goes to the dealer in a few weeks to get listed for 285k. I paid 320k for the car.
The following 4 users liked this post by Yippiekiaye:
#1580
GT3 player par excellence
Lifetime Rennlist
Member
Lifetime Rennlist
Member
another value dep'n adm thread... yawn.
yippie, that 5078 is looking better and better... less value talk.
yippie, that 5078 is looking better and better... less value talk.
The following 3 users liked this post by mooty:
#1581
#1582
Instructor
Your not wrong. Pre-Pandemic I owned GT3's, GT3 RS's and Turbo S's. I wouldn't buy a brand new 600LT no matter how much I was drawn to them. $300K msrp, only to be worth $185 to $190K on trade in? Over a 30% loss for sure. Naaa, no thanks. I got in and out of Turbo's with $15-$20K losses.
The ONLY way I would have considered a McLaren was pre-owned and at a stupid good deal at that - because it was common knowledge you were going to take a hit on trade in. The lease figures on them were horrible.
If memory serves me correct I purchased a brand new 2019 Turbo S at $186K after discounts and traded it in for $170K - so $16K or about 8-9% loss.
The ONLY way I would have considered a McLaren was pre-owned and at a stupid good deal at that - because it was common knowledge you were going to take a hit on trade in. The lease figures on them were horrible.
If memory serves me correct I purchased a brand new 2019 Turbo S at $186K after discounts and traded it in for $170K - so $16K or about 8-9% loss.
I dont get why a few try to fight the real world facts..despite how much they enjoy their cars.
I have never driven a Mclaren .. i know they are kick *** on the track.
But ‘kick *** on the track’ is not the only metric effecting the depreciation of a car!
At the end , IMO Its about the ‘average’ perceived value and pleasure / ownership cost.
The higher the ratio the less the depreciation .
.. aaaannnd Imo.. Porsche shines in that department .. …Big time!
Last edited by yojimbo007; 07-08-2021 at 06:32 AM.
#1583
Banned
I’m happy that you have enjoyed your ownership experiences with your various Porsche’s. It’s worth mentioning that many (most?) McLaren owners would recount similar ownership satisfaction. It might be hard to believe, but many McLaren owners simply do not care about depreciation (perhaps they have enough resources that the propionate financial hit is not meaningful) and they consider McLaren to be demonstratively superior to Porsche. Everyone has a different criteria for evaluating their respective ownership experience. You attach tremendous weight to depreciation, many other owners do not.
Again I could give a rats *** about depreciation and/or investment in cars. Bought and sold 30 or so in my life and not one have I not thoroughly enjoy by actually putting miles on them and not just taking them to C&C so people can tell me how cool I am. Yes this includes GT car ownership. I know crazy I sold a 15 GT3 with 30k miles on it. What a concept to actually drive them I know.
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cadster (07-08-2021)
#1584
Banned
Your not wrong. Pre-Pandemic I owned GT3's, GT3 RS's and Turbo S's. I wouldn't buy a brand new 600LT no matter how much I was drawn to them. $300K msrp, only to be worth $185 to $190K on trade in? Over a 30% loss for sure. Naaa, no thanks. I got in and out of Turbo's with $15-$20K losses.
The ONLY way I would have considered a McLaren was pre-owned and at a stupid good deal at that - because it was common knowledge you were going to take a hit on trade in. The lease figures on them were horrible.
If memory serves me correct I purchased a brand new 2019 Turbo S at $186K after discounts and traded it in for $170K - so $16K or about 8-9% loss.
The ONLY way I would have considered a McLaren was pre-owned and at a stupid good deal at that - because it was common knowledge you were going to take a hit on trade in. The lease figures on them were horrible.
If memory serves me correct I purchased a brand new 2019 Turbo S at $186K after discounts and traded it in for $170K - so $16K or about 8-9% loss.
#1585
🙏🤙…
I dont get why a few try to fight the real world facts..despite how much they enjoy their cars.
I have never driven a Mclaren .. i know they are kick *** on the track.
But ‘kick *** on the track’ is not the only metric effecting the depreciation of a car!
At the end , IMO Its about the ‘average’ perceived value and pleasure / ownership cost.
The higher the ratio the less the depreciation .
.. aaaannnd Imo.. Porsche shines in that department .. …Big time!
I dont get why a few try to fight the real world facts..despite how much they enjoy their cars.
I have never driven a Mclaren .. i know they are kick *** on the track.
But ‘kick *** on the track’ is not the only metric effecting the depreciation of a car!
At the end , IMO Its about the ‘average’ perceived value and pleasure / ownership cost.
The higher the ratio the less the depreciation .
.. aaaannnd Imo.. Porsche shines in that department .. …Big time!
Porsche will have head winds, and they’re a smart company that’s why you see so many cars pumping out …….so many models a flavor for everyone. The more north Porsche goes over 200k for 911’s, it will push people to try exotics just because you can only do so much with a 911. Minus all the depreciation chatter it’s a mass produced 911, and again I’m #1 fan but I try most all brands. I’ve put more miles on my 675LT than all my GT cars as I like driving it that much. I forked over 300k for my Speedster because I think it’s that good, but depreciation never plays into my mind vs the enjoyment I get when I drive my cars.
The relative example comparing a 70 year old company to a 12 year old company vs one that was on the verge of bankruptcy which learned how to brand itself over time. The later company sells cars well over 300k, and no problem selling them says a lot …….they get their sh$t together will be interesting because their performance is 2nd to none in a short time. Ring time is not important to anyone’s buying decision because no one on this board can replicate what these cars can do ………marketing at it’s finest. Driving enjoyment is the true measure which is different for all just my 2 cents. By the way Porsche is a kick *** brand, but I have given some of their executives some feed back keep pissing off high-dollar customers you will regret it as greed kills in the long run.
Last edited by Maverick787; 07-08-2021 at 09:42 AM.
#1586
Another issue I had that kept me away from Mclaren was their quality issues. I didnt want to be in service often.
I purchased my cars to enjoy - tracked both the GT3 & GT3RS. I did not buy simply to avoid depreciation.
The depreciation & quality control issues kept me away from Mclaren. I buy cars with the big picture in mind, not just one reasons.
I purchased my cars to enjoy - tracked both the GT3 & GT3RS. I did not buy simply to avoid depreciation.
The depreciation & quality control issues kept me away from Mclaren. I buy cars with the big picture in mind, not just one reasons.
#1587
You shouldn't use current trade in values to make your point, this market should not count toward historical depreciation values. 2 year old Turbo S cars are selling above MSRP. This same example pre-pandemic madness would have far different values attached to it. Again, not a McLaren hater, I love the brand. Just keeping apples with apples.
#1588
Instructor
#1589
Another issue I had that kept me away from Mclaren was their quality issues. I didnt want to be in service often.
I purchased my cars to enjoy - tracked both the GT3 & GT3RS. I did not buy simply to avoid depreciation.
The depreciation & quality control issues kept me away from Mclaren. I buy cars with the big picture in mind, not just one reasons.
I purchased my cars to enjoy - tracked both the GT3 & GT3RS. I did not buy simply to avoid depreciation.
The depreciation & quality control issues kept me away from Mclaren. I buy cars with the big picture in mind, not just one reasons.
#1590
Just some perspective, not adding fuel to the fire ……..Porsche is a 70 year old car company and was saved by the making of a SUV and almost went bankrupt. I’m a Porsche fan boy, and love the brand will always have one in the garage. I was the biggest MAC hater so I picked up a 675LT has it’s raw and visceral MSRP was 410k, and I can sell for 280k which is -32% on a car made in 2015. Neither here nor there I have no issues buying a new one because I like the brand that’s been making road cars since 2012 not that long for a small company.
Porsche will have head winds, and they’re a smart company that’s why you see so many cars pumping out …….so many models a flavor for everyone. The more north Porsche goes over 200k for 911’s, it will push people to try exotics just because you can only do so much with a 911. Minus all the depreciation chatter it’s a mass produced 911, and again I’m #1 fan but I try most all brands. I’ve put more miles on my 675LT than all my GT cars as I like driving it that much. I forked over 300k for my Speedster because I think it’s that good, but depreciation never plays into my mind vs the enjoyment I get when I drive my cars.
The relative example comparing a 70 year old company to a 12 year old company vs one that was on the verge of bankruptcy which learned how to brand itself over time. The later company sells cars well over 300k, and no problem selling them says a lot …….they get their sh$t together will be interesting because their performance is 2nd to none in a short time. Ring time is not important to anyone’s buying decision because no one on this board can replicate what these cars can do ………marketing at it’s finest. Driving enjoyment is the true measure which is different for all just my 2 cents. By the way Porsche is a kick *** brand, but I have given some of their executives some feed back keep pissing off high-dollar customers you will regret it as greed kills in the long run.
Porsche will have head winds, and they’re a smart company that’s why you see so many cars pumping out …….so many models a flavor for everyone. The more north Porsche goes over 200k for 911’s, it will push people to try exotics just because you can only do so much with a 911. Minus all the depreciation chatter it’s a mass produced 911, and again I’m #1 fan but I try most all brands. I’ve put more miles on my 675LT than all my GT cars as I like driving it that much. I forked over 300k for my Speedster because I think it’s that good, but depreciation never plays into my mind vs the enjoyment I get when I drive my cars.
The relative example comparing a 70 year old company to a 12 year old company vs one that was on the verge of bankruptcy which learned how to brand itself over time. The later company sells cars well over 300k, and no problem selling them says a lot …….they get their sh$t together will be interesting because their performance is 2nd to none in a short time. Ring time is not important to anyone’s buying decision because no one on this board can replicate what these cars can do ………marketing at it’s finest. Driving enjoyment is the true measure which is different for all just my 2 cents. By the way Porsche is a kick *** brand, but I have given some of their executives some feed back keep pissing off high-dollar customers you will regret it as greed kills in the long run.
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AlexCeres (07-09-2021)