How Long is 'Keeping the Car for a Long Time'?
#1
How Long is 'Keeping the Car for a Long Time'?
I originally planned to keep my C4S for around 7-8 years, thinking that would be quite a long time. However, I ended up trading it in earlier this year after less than 4 years and switched to a different 992 model.
So, I'm curious: when people say "I plan to keep the car for a long time," what do they typically mean? Is "long time" usually four to five years, seven years, or even 10+ years?
So, I'm curious: when people say "I plan to keep the car for a long time," what do they typically mean? Is "long time" usually four to five years, seven years, or even 10+ years?
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Daan Hoekstra (07-28-2024)
Popular Reply
07-27-2024, 02:54 PM
Planning on 10+ years and potentially 20+ years because I want to be the old guy who bought his 911 new and continues to drive it when it’s old enough to drink and it has six digits on the odometer. It’s only a base buts it’s already too fast for the street and a better car that I am a driver so I definitely won’t need something faster/better down the road. Furthermore, I would hate to think about how much I would pay in sales tax if I were trading in and out of cars every two years.
#2
Race Car
The shortest I’ve ever owned a car is five days. I bought a Subaru WRX on a Sunday and sold it on a Friday.
I lost eight grand in five days.
Longest I kept a car was a 2004 R32, was my daily driver for eight years.
The last GT four I had I kept for five years.
first 992S one year.
My Gt3 touring I’ve had for 2 1/2 years.
My GTS I’ve had for eight months.
as they say “time will tell “
I lost eight grand in five days.
Longest I kept a car was a 2004 R32, was my daily driver for eight years.
The last GT four I had I kept for five years.
first 992S one year.
My Gt3 touring I’ve had for 2 1/2 years.
My GTS I’ve had for eight months.
as they say “time will tell “
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#3
Rennlist Member
I has a 2022 Base Boxster for 2 years.
Got a 2023 GTS Boxster for 1.5 years, just sold it as I rec'vd an allocation for a 911.
Got a 2023 GTS Boxster for 1.5 years, just sold it as I rec'vd an allocation for a 911.
#4
RL Community Team
Rennlist Member
Rennlist Member
Many first time 911 buyers make declarations that they’re going to hold onto the car for a long time, but few actually hold onto them very long for various reasons. Some of those reasons in no particular order…
- New car buying buzz fades very quickly
- Not driving it often enough, because they’re worried about miles or something happening to the car
- Trim/Spec envy and the desire to upgrade and/or correct mistakes with the last order (color, options, etc)
- Realization that 911 ownership is expensive and the personal ROI isn’t there for them
- General fears around depreciation, especially with pandemic buyers and people who paid ADM (SPOILER: you’re never getting that ADM back)
- Growing family and the realization that the do it all sports car actually can’t do it all
- Change in financial situation and/or goals, ie wanting to buy a house
- …various other reasons
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#5
Planning on 10+ years and potentially 20+ years because I want to be the old guy who bought his 911 new and continues to drive it when it’s old enough to drink and it has six digits on the odometer. It’s only a base buts it’s already too fast for the street and a better car that I am a driver so I definitely won’t need something faster/better down the road. Furthermore, I would hate to think about how much I would pay in sales tax if I were trading in and out of cars every two years.
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#6
Rennlist Member
Planning on 10+ years and potentially 20+ years because I want to be the old guy who bought his 911 new and continues to drive it when it’s old enough to drink and it has six digits on the odometer. It’s only a base buts it’s already too fast for the street and a better car that I am a driver so I definitely won’t need something faster/better down the road. Furthermore, I would hate to think about how much I would pay in sales tax if I were trading in and out of cars every two years.
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erikwevans (08-02-2024)
#7
Planning on 10+ years and potentially 20+ years because I want to be the old guy who bought his 911 new and continues to drive it when it’s old enough to drink and it has six digits on the odometer. It’s only a base buts it’s already too fast for the street and a better car that I am a driver so I definitely won’t need something faster/better down the road. Furthermore, I would hate to think about how much I would pay in sales tax if I were trading in and out of cars every two years.
I'm also planning 10+ years. I had my mom's old 2002 Corolla until 2021 so I don't have the upgrade bug every other year like some people.
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#8
I'm planning to 10+ years with my 992.
My first car that I bought was an E46 that I kept for 16 or so years (a brilliant car). My second was a F82 M4 that lasted about 6 years (not a huge fan). This 992 is my third car.
That's basically my entire car history. You can say I keep my cars unusually long.
My first car that I bought was an E46 that I kept for 16 or so years (a brilliant car). My second was a F82 M4 that lasted about 6 years (not a huge fan). This 992 is my third car.
That's basically my entire car history. You can say I keep my cars unusually long.
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Gary12000 (07-30-2024)
#9
Track Day
Guess the real answer is one's perspective of a long time.
For me, I don't flip things much. Cool stuff goes to the attic but not the curb or a sale. Same city, same house, same wife - guess I'm a hoarder of sorts. Just recently sold our Solstice GXP after 13 years, a step I believe. Otherwise, the AMG GT will remain (though semi-retired now as a weekender), my '03 F150 is the daily with 458k...people say I'll be buried in it. Probably right. And the '22 911 was spec'd high with the plan for it to be a forever car. Anything can change of course, but long time to us is decades.
For me, I don't flip things much. Cool stuff goes to the attic but not the curb or a sale. Same city, same house, same wife - guess I'm a hoarder of sorts. Just recently sold our Solstice GXP after 13 years, a step I believe. Otherwise, the AMG GT will remain (though semi-retired now as a weekender), my '03 F150 is the daily with 458k...people say I'll be buried in it. Probably right. And the '22 911 was spec'd high with the plan for it to be a forever car. Anything can change of course, but long time to us is decades.
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erikwevans (08-02-2024)
#10
Rennlist Member
I generally keep my cars 10+ years until the repair costs start to add up and it’s not worth it compared to the value of the car. I never get an itch to upgrade my cars frequently.
With this 911 I’m going to keep it on the road as long as I can.
Now doing it this way you obviously lose out on “experiencing” different cars. I thought about adding a used 4th car that I swap out every few years with minimal depreciation to try some other brands but I need more garage space first.
With this 911 I’m going to keep it on the road as long as I can.
Now doing it this way you obviously lose out on “experiencing” different cars. I thought about adding a used 4th car that I swap out every few years with minimal depreciation to try some other brands but I need more garage space first.
#11
Racer
I had my AMG for 22 years...guess that the 911 will be close to that.
#12
I kept cars for as little as one month to 3 years and never more than 3 years ever. The ones I kept for 3 years were my deductable business cars on leases.
Last edited by Hunky; 07-27-2024 at 06:48 PM.
#13
Planning on 10+ years and potentially 20+ years because I want to be the old guy who bought his 911 new and continues to drive it when it’s old enough to drink and it has six digits on the odometer. It’s only a base buts it’s already too fast for the street and a better car that I am a driver so I definitely won’t need something faster/better down the road. Furthermore, I would hate to think about how much I would pay in sales tax if I were trading in and out of cars every two years.
Yep. I would hate paying 5 figures sales tax and every couple years since I don't have a Montana business. I already pay more than my car in property taxes a year.
I'm also planning 10+ years. I had my mom's old 2002 Corolla until 2021 so I don't have the upgrade bug every other year like some people.
I'm also planning 10+ years. I had my mom's old 2002 Corolla until 2021 so I don't have the upgrade bug every other year like some people.
interesting i didn't realize not all states are like florida. Here we only pay sales tax on the difference. for example if i trade in my 992 (trade in value $120K) on a new car (MSRP $150k) i only pay tax on $30k. definitely makes it a lot easier to swap cars
#14
If you’re fine with eating the lower trade in and not selling privately, that’s the trade off.