Put down deposit for July build - discounts by then?
11-25-2006, 10:25 PM
#18
Originally Posted by Nick
dpereciation on high end Porsche's is nothing less than disasterous. Look at what has happened to the CGT, GT2, 996TT.
The part I liked (besides the 12.08 sec quarter-mile) was stopping distance from 60 mph = 99 feet ! ...w/zero fade after repeated 100mph -0 braking. Best ever tested by Autoweek for a prod car. Nick, you be careful now not to rear-end your neighbor's 997TT in your slow-braking F430 locomotive.
11-26-2006, 01:08 AM
#19
Originally Posted by docjackson1
still sounds way too high, huh?
Why does it sound too high? A TT costing say 132 K (a few options) is about 140 K with tax. In the first year you lose those taxes (8 K) and about 25 - 30 % depreciation (33 K to 40 K). So far 41 to 48 K "loss." Add about $2000 a year for insurance. Say you drive 1000 mi/mon at 20 mpg you will use 12*1000/20*2.50 = $1500 in gas. You will likely use up one set of tires at about $1000 minimum. So far 44.5 to 51.5 K for the year.
11-26-2006, 02:22 AM
#20
Originally Posted by boolala
Why does it sound too high? A TT costing say 132 K (a few options) is about 140 K with tax. In the first year you lose those taxes (8 K) and about 25 - 30 % depreciation (33 K to 40 K). So far 41 to 48 K "loss." Add about $2000 a year for insurance. Say you drive 1000 mi/mon at 20 mpg you will use 12*1000/20*2.50 = $1500 in gas. You will likely use up one set of tires at about $1000 minimum. So far 44.5 to 51.5 K for the year.
11-26-2006, 11:02 PM
#22
Rennlist Member
I'd guess that most will have purchase prices over $140,000. The cited "cost of driving" includes financing. It also includes depreciation on 15,000 miles of driving in the year. Nobody buys a car with 15,000 miles for anything close to the price new. If you chose to drive it ( a reasonable conclusion), I think the numbers will look like this:
Price $140,000:
Tax: $8,000
Interest: $11,000 ( If you take the money out of your own account, substitute $7,000 for your lost interest)
Insurance: $2,000
Gas/oil: $2,000
Rear tires: $600
Depreciation: $40,000 if you drive it, maybe $30-35,000 if you don't)
I come up with $63,000 realistically. If you trade at the end for $100,000, you recapture most of the sales tax, so say $6,000 (but lost if you just sell to a buyer). If you use your own cash, subtract $4,000, unless you think there is a bigger opportunity cost) and save $600 for the tires if you don't drive it. If you got really lucky and just took a $30,000 depreciation hit, save another $10,000. So the least it costs you is $43,000 for zero driving but the pride of ownership, and the most it costs is $63,000 but you really get to enjoy it as a car. So, for 15,000 miles, about $4/mile, but if it sits and you only put on 2000 miles, about $20/mile. That's why I drive my cars. AS
Price $140,000:
Tax: $8,000
Interest: $11,000 ( If you take the money out of your own account, substitute $7,000 for your lost interest)
Insurance: $2,000
Gas/oil: $2,000
Rear tires: $600
Depreciation: $40,000 if you drive it, maybe $30-35,000 if you don't)
I come up with $63,000 realistically. If you trade at the end for $100,000, you recapture most of the sales tax, so say $6,000 (but lost if you just sell to a buyer). If you use your own cash, subtract $4,000, unless you think there is a bigger opportunity cost) and save $600 for the tires if you don't drive it. If you got really lucky and just took a $30,000 depreciation hit, save another $10,000. So the least it costs you is $43,000 for zero driving but the pride of ownership, and the most it costs is $63,000 but you really get to enjoy it as a car. So, for 15,000 miles, about $4/mile, but if it sits and you only put on 2000 miles, about $20/mile. That's why I drive my cars. AS