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So today I got another email from Big Brother over at CARFAX. I thought you guys might find it interesting how CARFAX lists the “trade-in value” for a GT3 RS...
These types of overly speculative “car future value” threads always amuse me to some extent. It’s as if Porsche's production cars aren’t depreciating assets just like every other automobile.
In addition to losing money on a depreciating asset, there’s also the opportunity cost of spending 6-figures on a car instead of investing it wisely somewhere else instead.
Then there are cost factors such as maintenance, repairs, registration, taxes, insurance, and for those who finance their car purchases, there are interest payments as well.
It must also be noted that when people insist that certain cars “hold their value” or “go up in value”, they’re almost certainly making the comparison relative to the original purchase price that was paid years ago, rather than calculating the original purchase price’s equivalent in today’s inflated dollars. The reality is that a dollar today is worth LESS than a dollar in the past because of variables such as inflation and interest rates.
My philosophy when buying a nice sports car is to enjoy driving it while expecting to lose big money on it in the process. This keeps automobile purchases in their proper perspective for me (which are definitely not investments).
I pulled the trigger on a grey Daytona C last month. I’ve lusted after this watch since it was announced at Basel 2016. In fact, I put my name on the list at a local AD the next day after announce. I followed up with monthly visits to ask about the watch. How naive I was. By about the third visit, the sales lady gave it to me straight. She told me there were too many established customers wanting the steel Daytona to realistically have a watch for me...ever. So, with dreams dashed, I took the money I had saved to buy the Daytona and put it into ticker symbol TSLA. I ended up buying the watch at a little more than 2X sticker price. My original Daytona fund was up about 20X. All good.
My Presidents with tapestry dial and Roman numerals. Was told on 991RS forum it’s an “old mans watch” Disconcerting to learn that but now that I’m 62 maybe it’s the right watch to wear when I head out to the early bird special.
Rennlist is also my escape. When it turns too much into speculation, it's less fun. That's for sure. The real enjoyment comes from modifying or improving (whatever you like more), talking with fellow enthusiasts and driving. If I lose $20k on my car when sold, that's fine as I made great friendships with people on Rennlist, in person, etc and also got amazing memories in a very special car. Well worth it when people are taking vacations yearly and of course never expect to get anything back on those besides memories.
When weather is ****ty or i'm waiting for my work done, rennlist provides good entertainment, be it value thread, option thread, model a/b thread, plus several funny folks around. Can't get enough of it hahahaha
04-04-2021, 11:07 PM
