Do I keep it, or do I sell it?
#16
Three Wheelin'
Join Date: Oct 2012
Location: North Carolina, '12 cls63 '14 S550V4, 07TT-gone, 07Targa4S-gone
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seems everyone says sell it, so I say, wrap it up and save it for when you come home!
you might be really missing some good American roads while in Shanghi......and plus
it sounds kind of like a rare car, so I say KEEP IT
good luck
you might be really missing some good American roads while in Shanghi......and plus
it sounds kind of like a rare car, so I say KEEP IT
good luck
#17
Rennlist Member
5 Years? I would sell it as it would be the rational thing to do, EXCEPT if you think you will "never" sell it and that you will keep it most likely forever like I am planning to keep my Z8... Also, if you do decide to keep it, it still should be maintained and driven periodically as otherwise you will be a victim of dry rot, lack of ongoing lubrication and your tires will be flat spotted. So if you do have someone trustworthy who can keep an eye on it, exercise it, and maintain it and IF you truly anticipate keeping it for another 5-10 years after your return, keep it. Otherwise, take the hit and move on.
#18
Thanks! You confirm what I have been told. BTW, is it true about chinese drivers targeting foreign drivers to collect insurance, thus the imperative need of a driver? I found that one a bit exaggerated....
And no, I do not track. Barely have time to drive it! I have't been able to apply the wisdom of "if your wife or job get in the way of your hobbies, leave them!
And no, I do not track. Barely have time to drive it! I have't been able to apply the wisdom of "if your wife or job get in the way of your hobbies, leave them!
#19
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Join Date: Aug 2012
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I would KEEP IT! As you stated you have only put 3000 miles on it since October. So in 5 years you would have put on 18,000 miles on it. Obviously you didn't buy as and investment, I don't think any of us bought really as an investment. I think the only reason I would sell is if I lost my job and I needed to make ends meet, then that would surely be then an investment. Good luck on your choice, like another poster stated life changes daily, you may be back sooner than you would think! Good luck on your choice.....
#20
Rennlist Member
Thread Starter
Leaning on "keep it". I am a contrarian, like my stuff to be "different" and I am not applying rational thought on this. I am exceedengly rational 99.9% of the time. Check out Top Gear's review on the C4
GTS. I liked it....
"Want a four-wheel drive, naturally aspirated 911? Until the Carrera 4 version of the new ‘991' 911 arrives later this year, this, the old-shape C4 GTS, is your lot.
The GTS, remember, is the 997's greatest-hits compilation album. It uses the Carrera S's 3.8-litre engine bumped up to 408bhp, with the lowered Sports Chassis and a limited-slip rear differential, plus a few shiny black bits to stand you apart from the prole in his boggo Carrera 4S.
The result is every bit as sublime as the rear-wheel-drive GTSs we drove last year. However good the electro-mechanical steering on the new 911, I can't believe it can top this car for mechanical purity.
Hairy-chested men, of course, will snortingly dismiss the four-wheel drive 911 as the softie's choice. But, really. I drove the C4 GTS on a sub-zero winter's day, a ham-fisted buffoon flailing hopefully on icy, leafy back-roads. I emerged 100 per cent not-dead. The percentage would have been rather lower in a RWD sports car.
This is no desperate attempt to flog a final few units from a near-dead platform but a cast-iron classic in the making. Who needs choice when your sole option is as good as this?
Sam Philip
The numbers
3800cc, flat-six, 4WD, 408bhp, 309lb ft, 26.9mpg, 247g/km CO2, 0-62 in 4.4secs, 186mph, 1565kg
The verdict
A fine final flourish for the ‘old' 911. Buy it, stick it in a shed for a couple of decades and revel in the profit..."
GTS. I liked it....
"Want a four-wheel drive, naturally aspirated 911? Until the Carrera 4 version of the new ‘991' 911 arrives later this year, this, the old-shape C4 GTS, is your lot.
The GTS, remember, is the 997's greatest-hits compilation album. It uses the Carrera S's 3.8-litre engine bumped up to 408bhp, with the lowered Sports Chassis and a limited-slip rear differential, plus a few shiny black bits to stand you apart from the prole in his boggo Carrera 4S.
The result is every bit as sublime as the rear-wheel-drive GTSs we drove last year. However good the electro-mechanical steering on the new 911, I can't believe it can top this car for mechanical purity.
Hairy-chested men, of course, will snortingly dismiss the four-wheel drive 911 as the softie's choice. But, really. I drove the C4 GTS on a sub-zero winter's day, a ham-fisted buffoon flailing hopefully on icy, leafy back-roads. I emerged 100 per cent not-dead. The percentage would have been rather lower in a RWD sports car.
This is no desperate attempt to flog a final few units from a near-dead platform but a cast-iron classic in the making. Who needs choice when your sole option is as good as this?
Sam Philip
The numbers
3800cc, flat-six, 4WD, 408bhp, 309lb ft, 26.9mpg, 247g/km CO2, 0-62 in 4.4secs, 186mph, 1565kg
The verdict
A fine final flourish for the ‘old' 911. Buy it, stick it in a shed for a couple of decades and revel in the profit..."
#21
Rennlist Member
Selling it would seem like a no-brainer if I was in your situation. If in 2018 you are the same person who thinks that a 2012 C4 GTS is a car one must have (as opposed to whichever new cars have come out in the meantime), there's a 99.99% chance you will be able to find one for much less than you would be able to sell yours now, and in much better shape than yours as it would have at least been properly driven and maintained.
Just my $0.02
#22
Rennlist Member
I'm sorry, but the TG guy is delusional.
Selling it would seem like a no-brainer if I was in your situation. If in 2018 you are the same person who thinks that a 2012 C4 GTS is a car one must have (as opposed to whichever new cars have come out in the meantime), there's a 99.99% chance you will be able to find one for much less than you would be able to sell yours now, and in much better shape than yours as it would have at least been properly driven and maintained.
Just my $0.02
Selling it would seem like a no-brainer if I was in your situation. If in 2018 you are the same person who thinks that a 2012 C4 GTS is a car one must have (as opposed to whichever new cars have come out in the meantime), there's a 99.99% chance you will be able to find one for much less than you would be able to sell yours now, and in much better shape than yours as it would have at least been properly driven and maintained.
Just my $0.02
#23
Burning Brakes
Sell it. the car will only depreciate in the coming years. unless you plan on keeping it forever and money is not an issue.
#24
Three Wheelin'
Not that there is anything wrong with emotional attachment, so long as you can see the forest through the trees at some point. To wit, common wisdom here is that:
1. The GTS will depreciate
2. While it may be less common it is not rare
3. You are are going to go five years not driving a car that needs to be driven to function properly
4. It's likely that you'll be able to find a used GTS, if you still want one when you return (albeit maybe not in the exact trim that you have now - for the right price you can still find 70's RSR's)
5. And here's the financial angle. Sell the GTS for say $90K. Put the proceeds into a mutual fund of your choice. Assuming a modest rate of return of 6.5% that $90K is worth $123,307.80 (unadjusted for inflation) when you return to the U.S. Compare that with a 5K per year depreciation in your $90K valued car (in 2013) and it is worth $65K when you return (plus the maintenance costs over 5 years and the costs to get it running again, whatever they would be) or maybe a bit more if there is some collectible aspect to it but that's a big unknown. So, think of what you can buy on the new or used market in five years with $123.3K versus having a stored car (out of warranty and possibly in need of maintenance) worth maybe half as much, or possibly an unknown amount more - but likely not $123.3K .
I feel your pain in loving the GTS. I'd have a hard time too figuring out what to do, but in the end, to me, it would make no sense keeping the GTS.
I'm sure that however you decide it will be the right decision for you and not We opinion givers! Best of luck!!
1. The GTS will depreciate
2. While it may be less common it is not rare
3. You are are going to go five years not driving a car that needs to be driven to function properly
4. It's likely that you'll be able to find a used GTS, if you still want one when you return (albeit maybe not in the exact trim that you have now - for the right price you can still find 70's RSR's)
5. And here's the financial angle. Sell the GTS for say $90K. Put the proceeds into a mutual fund of your choice. Assuming a modest rate of return of 6.5% that $90K is worth $123,307.80 (unadjusted for inflation) when you return to the U.S. Compare that with a 5K per year depreciation in your $90K valued car (in 2013) and it is worth $65K when you return (plus the maintenance costs over 5 years and the costs to get it running again, whatever they would be) or maybe a bit more if there is some collectible aspect to it but that's a big unknown. So, think of what you can buy on the new or used market in five years with $123.3K versus having a stored car (out of warranty and possibly in need of maintenance) worth maybe half as much, or possibly an unknown amount more - but likely not $123.3K .
I feel your pain in loving the GTS. I'd have a hard time too figuring out what to do, but in the end, to me, it would make no sense keeping the GTS.
I'm sure that however you decide it will be the right decision for you and not We opinion givers! Best of luck!!
#25
Instructor
Join Date: Dec 2012
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Worked in the ME for a period of time, sold our house, motorcycles, etc. Kept my car and boat, 3 yrs later return kept the toys for another year realized I wasnt interested anymore so sold them. What a dumbass, I lost thousands. Should of sold - Sell it! If you decide you want that car again buy one used. Like others said, its a depreciating asset.
#27
Are you sure you'll be over there 5 years? What if 5 years becomes 2 years or 1 year instead? Will you be able to come home periodically? If someone could start it and maybe drive it for you "around the block" while they check on your house than I would keep it.
#28
Rennlist Member
Worked in the ME for a period of time, sold our house, motorcycles, etc. Kept my car and boat, 3 yrs later return kept the toys for another year realized I wasnt interested anymore so sold them. What a dumbass, I lost thousands. Should of sold - Sell it! If you decide you want that car again buy one used. Like others said, its a depreciating asset.
#29
Race Car
If you wouldn't mind having a Carrera, GT3, or Turbo in the future I would sell it and put the money away for your next 997 purchase in 5 years.
2 or 3 years I would still keep the car but 5 years is a lengthy amount of time to just let it sit.
2 or 3 years I would still keep the car but 5 years is a lengthy amount of time to just let it sit.
#30
Rennlist Member
Thread Starter
If only a chrystal ball was available to see the future.
The truth of the matter is that 5 years is my guesstimate, as it could be 3 years and then back to the US or perhaps Europe. The beauty of being an employee, I guess. Not that I'm complaining, though!
Thank you all for your comments and insights. Nothing like real life experience, 7500rpm, sixgun95 and Camsporsche! Awesome analysis, Tccc1999!
I am doing this: I will keep it in the house for another year. There's my son that can drive it every now and then. I will decide one year from now, when the emotional attachment has subsided. I just hope that it won't be like with my bicycles. I have three of them, including my first one! These are the only things that I have ever developed any emotional attachment with.
Thank you all again!
The truth of the matter is that 5 years is my guesstimate, as it could be 3 years and then back to the US or perhaps Europe. The beauty of being an employee, I guess. Not that I'm complaining, though!
Thank you all for your comments and insights. Nothing like real life experience, 7500rpm, sixgun95 and Camsporsche! Awesome analysis, Tccc1999!
I am doing this: I will keep it in the house for another year. There's my son that can drive it every now and then. I will decide one year from now, when the emotional attachment has subsided. I just hope that it won't be like with my bicycles. I have three of them, including my first one! These are the only things that I have ever developed any emotional attachment with.
Thank you all again!