Think twice before buying a new Porsche
01-05-2011, 09:00 PM
#77
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Ive been talking to a couple of dealers about a new RS ... one on the west coast and the other back East ...
they both offered me between 90-100k for the 2010 GT3 I bought last April MSRP 147k with 14xx miles ...
thats right, a 30% depreciation in 8 months and 1.4k miles ...
(in defense of the easterly dealer, he is really trying hard with the numbers)
needless to say the Scotsman in me is rebelling!
YMMV
they both offered me between 90-100k for the 2010 GT3 I bought last April MSRP 147k with 14xx miles ...
thats right, a 30% depreciation in 8 months and 1.4k miles ...
(in defense of the easterly dealer, he is really trying hard with the numbers)
needless to say the Scotsman in me is rebelling!
YMMV
Of course all of us are suffering the same losses. Best to not dwell on it if you're gonna keep the car!
01-05-2011, 09:30 PM
#78
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Correct me if I'm wrong but a lease can only be less costly if the lessor eats some of the depreciation as would be the case with a manufacturer subsidizing leases. Otherwise you're still paying the depreciation whether you buy it and sell it or just pay the depreciation in the first place via a lease payment. Don't forget, with a lease you pay interest on the total capital cost not just the depreciated portion. There is the argument of course that you can invest the difference between the lease payment and finance payment (or outright purchase) and mitigate the opportunity cost of tying up money in a depreciating asset.
01-06-2011, 12:36 AM
#80
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Correct me if I'm wrong but a lease can only be less costly if the lessor eats some of the depreciation as would be the case with a manufacturer subsidizing leases. Otherwise you're still paying the depreciation whether you buy it and sell it or just pay the depreciation in the first place via a lease payment. Don't forget, with a lease you pay interest on the total capital cost not just the depreciated portion. There is the argument of course that you can invest the difference between the lease payment and finance payment (or outright purchase) and mitigate the opportunity cost of tying up money in a depreciating asset.
01-06-2011, 02:26 AM
#82
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01-06-2011, 02:27 AM
#83
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leasing also makes sense in CA for those who change cars every 6 months.
if not leasing, you paid 10% sales tax on the whole car.
if you were to trade in, you get no credit. you pay full tax on the next purchase price.
if not leasing, you paid 10% sales tax on the whole car.
if you were to trade in, you get no credit. you pay full tax on the next purchase price.
01-06-2011, 02:31 AM
#85
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Cars are like women....the new car smell wears off.
Once you get used to it you start looking at other new cars.....because they smell and feel different.
Then you sell your "old" car to get the new car and have that feeling all over again. It is a repetitive cycle.......this is why we have so many divorces....new car smell
The probelm is the new car smell always wears off.......then you get rid of it.......then once you have not had it for a while you get back in it and it has the new car smell again (this is what we call a cougar)
funny how that works
Once you get used to it you start looking at other new cars.....because they smell and feel different.
Then you sell your "old" car to get the new car and have that feeling all over again. It is a repetitive cycle.......this is why we have so many divorces....new car smell
The probelm is the new car smell always wears off.......then you get rid of it.......then once you have not had it for a while you get back in it and it has the new car smell again (this is what we call a cougar)
funny how that works
i swap cars, dont swap too many women.
very hard to find one's i like.
range of acceptance is VERY narrow.
01-06-2011, 02:45 AM
#86
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thinking value, dep'n and cost on a toy is futile...
i look at a car....
1. it's GF, mistress or wife material, i want virgins.
2. it's a one night stand. i want it cheap.
3. it's fugly, i walk away.
every toy i see fits in one of above three categories. very easy for me to make decision.
i look at a car....
1. it's GF, mistress or wife material, i want virgins.
2. it's a one night stand. i want it cheap.
3. it's fugly, i walk away.
every toy i see fits in one of above three categories. very easy for me to make decision.
01-06-2011, 02:57 AM
#87
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thinking value, dep'n and cost on a toy is futile...
i look at a car....
1. it's GF, mistress or wife material, i want virgins.
2. it's a one night stand. i want it cheap.
3. it's fugly, i walk away.
every toy i see fits in one of above three categories. very easy for me to make decision.
i look at a car....
1. it's GF, mistress or wife material, i want virgins.
2. it's a one night stand. i want it cheap.
3. it's fugly, i walk away.
every toy i see fits in one of above three categories. very easy for me to make decision.
Forsythe approach Moo? he had it all : )
http://www.youtube.com/watch?v=MfIibAt5SOk
01-06-2011, 03:00 AM
#88
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^ is that dynasty? i dont watch TV. but i watched your 8 min video in 20 seconds. all those women would be category 3 for me.
later.
later.
01-06-2011, 03:02 AM
#89
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wife confirmed that was dynasty.
she is allowed to watch TV once she works enough hours.
she is allowed to watch TV once she works enough hours.
01-06-2011, 03:08 AM
#90
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wife is wise!
Come on? Not possible to not know Dynasty? Where you lived before Beirut ?
plus all this talking about loans and living beyond your means is so Dynasty and 80's Gordon Gekko..
Come on? Not possible to not know Dynasty? Where you lived before Beirut ?
plus all this talking about loans and living beyond your means is so Dynasty and 80's Gordon Gekko..