Why Do You Care So Much About Your Car’s ‘Value’?
02-20-2009, 10:38 PM
#33
Team Owner
So true!!!!!!!!!!!!
99% of people have no clue what a Porsche costs, they just believe that they are really really expensive and the envy when they are talking to you about the car is palpable.
I never tell what I paid when I bought it and to say it again, most people don't know how low the price has gotten.
They won't look either because the perception of luxury/cost is always there regardless.
The fact that I could buy one now for a lot less than I did a few years ago.......big deal!!
I still get all "giggly" when I walk past it in my garage cause I know it is MINE!!
Pete
99% of people have no clue what a Porsche costs, they just believe that they are really really expensive and the envy when they are talking to you about the car is palpable.
I never tell what I paid when I bought it and to say it again, most people don't know how low the price has gotten.
They won't look either because the perception of luxury/cost is always there regardless.
The fact that I could buy one now for a lot less than I did a few years ago.......big deal!!
I still get all "giggly" when I walk past it in my garage cause I know it is MINE!!
Pete
Edgy is right about one thing--most people will not own a Porsche in their lifetimes. That's their fault, not mine--I guess I set the bar a little higher for myself.
I don't mean to sound so serious, but I guess I just don't feel "lucky" to own a Porsche...like I don't necessarily deserve it or something. I look at it as a stepping stone to a 996TT or a 997, either of which have already been approved on the home front.
Of course, I'm still considering keeping the 996 and picking up an additional car--an Elise, most likely. Then y'all will be stuck listening to me yet.
02-20-2009, 10:57 PM
#35
I believe that this is a great time to own "stuff", and a horrible time to save. No one knows how low the market will go, and if you study the depression you'll find that the market took decades to recover. If an investor added a position at the peak of the bull run on 1929, he would have to wait 30 years before he managed to break even, not considering the dividends that he might received throughout the entire holding period. After the recovery to it's previous high which took 30 years, the stock market tanked for almost another 30 years, from 1958 - 1986 thereabout.
So rather than investing in stocks which may fall even further in value or put money in banks at less tham 2% interest, why not buy things, especially if you enjoy those things. Of course I'm not advocating going into debt to buy these things, but if you have discretionary income why not buy the sports car of your choice. You can always enjoy your car regardless of what it may be worth.
So rather than investing in stocks which may fall even further in value or put money in banks at less tham 2% interest, why not buy things, especially if you enjoy those things. Of course I'm not advocating going into debt to buy these things, but if you have discretionary income why not buy the sports car of your choice. You can always enjoy your car regardless of what it may be worth.
02-20-2009, 11:51 PM
#36
So rather than investing in stocks which may fall even further in value or put money in banks at less tham 2% interest, why not buy things, especially if you enjoy those things. Of course I'm not advocating going into debt to buy these things, but if you have discretionary income why not buy the sports car of your choice. You can always enjoy your car regardless of what it may be worth.
02-21-2009, 12:21 AM
#37
Parts Specialist
Rennlist Member
Rennlist Member
man, like I needed that.... that's a lot of reading !
Next time post pics, its easier for me to catch up !
That said........my .02 is I dont care what its worth, I do care a little what it costs to fix in the event of something major, and the memories I have made in the last year will last a lifetime (and took 1/2 a lifetime to finally arrive)
I do agree that there has been WAY to much "worry" over prices.... If they had a suburban forum I bet they have the same concerns... in fact since I have one the depreciation on the P-car seems kind of tiny...what do you think my burb is worth......YEA, well load it up with 6 kids 2 adults and 2 dogs and co camping for the weekend (or skiing) and then tell me what its worth...
A car is only WORTH what it provides for you (like a tool) The more you get out of it and the more times you get it out, the higher the worth to you. AND unless you sell, who care what someone else thinks it worth! (I think there is a commandment about covet?)
Next time post pics, its easier for me to catch up !
That said........my .02 is I dont care what its worth, I do care a little what it costs to fix in the event of something major, and the memories I have made in the last year will last a lifetime (and took 1/2 a lifetime to finally arrive)
I do agree that there has been WAY to much "worry" over prices.... If they had a suburban forum I bet they have the same concerns... in fact since I have one the depreciation on the P-car seems kind of tiny...what do you think my burb is worth......YEA, well load it up with 6 kids 2 adults and 2 dogs and co camping for the weekend (or skiing) and then tell me what its worth...
A car is only WORTH what it provides for you (like a tool) The more you get out of it and the more times you get it out, the higher the worth to you. AND unless you sell, who care what someone else thinks it worth! (I think there is a commandment about covet?)
02-21-2009, 10:35 AM
#38
Race Director
I believe that this is a great time to own "stuff", and a horrible time to save. No one knows how low the market will go, and if you study the depression you'll find that the market took decades to recover. If an investor added a position at the peak of the bull run on 1929, he would have to wait 30 years before he managed to break even, not considering the dividends that he might received throughout the entire holding period. After the recovery to it's previous high which took 30 years, the stock market tanked for almost another 30 years, from 1958 - 1986 thereabout.
So rather than investing in stocks which may fall even further in value or put money in banks at less tham 2% interest, why not buy things, especially if you enjoy those things. Of course I'm not advocating going into debt to buy these things, but if you have discretionary income why not buy the sports car of your choice. You can always enjoy your car regardless of what it may be worth.
So rather than investing in stocks which may fall even further in value or put money in banks at less tham 2% interest, why not buy things, especially if you enjoy those things. Of course I'm not advocating going into debt to buy these things, but if you have discretionary income why not buy the sports car of your choice. You can always enjoy your car regardless of what it may be worth.
Im at the point where I could buy a 996 Turbo or a 997. But I'd rather have money in the bank for the "what if" than a rapidly depreciating vehicle in the driveway that I can't really use because Im so busy at work trying not to be the next victim.
Also, I can't imagine how anyone could think that a 996TT is not more desirous than a naturally aspirated 996.
02-21-2009, 11:26 AM
#39
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02-21-2009, 07:41 PM
#40
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It seems that although the value of the car as a trade may be down the prices of what you are going to buy are also down. Doesnt that just make the process the same only lower prices?
02-21-2009, 07:59 PM
#41
When trading up you want a falling market, so long as the drop is even across the models. Here's a simple illustration... If both your car ($24k) and the one you want ($48k) lose 25% of their value, you're only $18k out of pocket on the upgrade instead of $24k.
02-22-2009, 04:51 PM
#42
Burning Brakes
Never thought of it that way.
02-22-2009, 11:27 PM
#43
Drifting
"Also, I can't imagine how anyone could think that a 996TT is not more desirous than a naturally aspirated 996. "
I may be the odd ball here, but to me 911s have always been about rear weight biased, rear wheel drive and perfecting the technique of not lifting no matter what in a turn. I love it, maybe it has something to do with driving hotrodded VW Bugs in the '60s and roadracing motorcycles for a decade in the '90s. Racing motorcycles on ashphalt is a lot like driving a C2 Porsche. The boosted 4x4s are nice, but just not the same.
As to value depreciation. I figured going in that I'd loose about $5k a year. I might be a little ahead of that actually if my pristine, loaded, low mile '99 Cab C2 is worth over $20K. 5 1/2 years of ownership and I still pinch myself to make sure I'm not dreaming. I'm a very happy owner and happy with my decision to buy the '99 that I searched for over a 15 month period and drove 1600 miles to bring her home.
I may be the odd ball here, but to me 911s have always been about rear weight biased, rear wheel drive and perfecting the technique of not lifting no matter what in a turn. I love it, maybe it has something to do with driving hotrodded VW Bugs in the '60s and roadracing motorcycles for a decade in the '90s. Racing motorcycles on ashphalt is a lot like driving a C2 Porsche. The boosted 4x4s are nice, but just not the same.
As to value depreciation. I figured going in that I'd loose about $5k a year. I might be a little ahead of that actually if my pristine, loaded, low mile '99 Cab C2 is worth over $20K. 5 1/2 years of ownership and I still pinch myself to make sure I'm not dreaming. I'm a very happy owner and happy with my decision to buy the '99 that I searched for over a 15 month period and drove 1600 miles to bring her home.
02-22-2009, 11:56 PM
#44
Burning Brakes
+1 on the OP. A car is a poor "investment." I didn't buy a classic Aston Martin DB5 - That's an investment.
However, my 996 is an outstanding adrenaline rush every time I drive it. That's all I wanted - and I expect it will deliver that rush regardless of what someone else wants to pay for it. Doesn't matter. I'm not selling.
Bob
Last edited by rotokim; 02-22-2009 at 11:57 PM. Reason: typo
02-23-2009, 01:24 AM
#45
Burning Brakes
I drove a TT and just like every other turbocharged car I've driven, I find I HATE the spooling time. At least the TT is much better than the 335i, which also supposedly has "no lag". I LOVE the looks, sound, and amenities, and no IMS issues, but I'd probably like it more if it was Sced. So, yeah, I can understand not prefering a TT. Plus, it left a lot more $$ for upgrades...Just my $0.02.....Sigh, I guess I'll just have to live with "only" 320 normally aspirated hp. Hey Bob, did you end up needing all 4 center caps?