Tons of 911’s for sale!
10-04-2023, 10:26 AM
#256
Rennlist Member
Remember, we live in a democracy one day ever election period and that is the day you get to vote. The rest of the period, we live in a dictatorship. 
I forgot to mention, I got to pay cash for my vehicles because I am too poor and cannot afford the interest rates.
And being retired, I do not need the stress of the markets.
I forgot to mention, I got to pay cash for my vehicles because I am too poor and cannot afford the interest rates.
And being retired, I do not need the stress of the markets.
10-04-2023, 02:24 PM
#257
Burning Brakes
They don't know folks with millions invested yielding 5%+
10-05-2023, 03:43 AM
#258
P market is definitely dropping...seeing more and more 992's coming down on prices...and so should the other generations to follow as well. I think the price will continue to drop some more the way things are going. Starting to see lots of 992 GT3 and even with the price dropping from $350K to $290k they are still sitting in the lots.
Last edited by Ed99; 10-05-2023 at 03:48 AM.
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LZRD GRN (10-05-2023)
10-05-2023, 04:14 PM
#259
Rennlist Member
But isn't the debt servicing higher than that at the moment?
You can write some of it off, but that is a relatively small number.
Honest question. I always buy cash and am curious if I could be doing it better.
10-06-2023, 01:56 PM
#261
Burning Brakes
I’m far from an expert in the field but a general observation I have in my early 50’s is that with our aging population there are a lot of recreational properties being willed to a generation that I don’t necessarily think wants to own second properties and/or has the ability to maintain one. My wife’s family cottage is a prime example - parents in mid 80’s with 3 kids of which one lives in Alberta and the other Australia. Co ownership simply wouldn’t work and with an approx value of $3M we’re not exactly jumping at the oppty to write a cheque for $2M (which we don’t have) and pay $8k a year in property tax for a couple of weeks on the water. Just my $0.02
In Vancouver you could be subject to:
Vancouver Empty Home Tax - 3%
BC Speculation Tax - 2%
Federal Underused Housing Tax - 1%
All of this is on the Fair Market Value of the property so a $1M condo in Vancouver could attract total taxes of $60k annually plus the regular property tax.
To bring this back to expensive cars for me it is the sales taxes that is stopping me. In BC, not including the Luxury Tax, any vehicles above $150k will incur 25% sales tax (20% provincial and 5% GST). This just makes me puke that it will go to government coffers to be wasted by our politicians.
10-06-2023, 02:02 PM
#262
Burning Brakes
But you need to also consider the various sales taxes. In BC on vehicles (new or used) above $150k you will incur combined BC sales tax and GST of 25% so that is $37,500 on a $150k vehicle.
I cannot accept that level of taxation so I am choosing to do without. I just cannot stroke that cheque so the politician can frivolously blow the money away.
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Greg981 (10-06-2023),
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10-08-2023, 10:22 PM
#266
10-09-2023, 03:35 PM
#267
Drifting
When you trade a car in you get the credit for the trade value at the tax rate of the car you are purchasing.
If you’re trading in an expensive EV, you paid 5% GST on it. If you’re trading it in on a 25% GST car, then you get 25% credit.
Buy an expensive EV and pay 5% and the trade it in at what you paid or close to it and net +20% credit.
Of course if you go the other direction you get totally screwed.
If you’re trading in an expensive EV, you paid 5% GST on it. If you’re trading it in on a 25% GST car, then you get 25% credit.
Buy an expensive EV and pay 5% and the trade it in at what you paid or close to it and net +20% credit.
Of course if you go the other direction you get totally screwed.
10-10-2023, 12:12 AM
#268
When you trade a car in you get the credit for the trade value at the tax rate of the car you are purchasing.
If you’re trading in an expensive EV, you paid 5% GST on it. If you’re trading it in on a 25% GST car, then you get 25% credit.
Buy an expensive EV and pay 5% and the trade it in at what you paid or close to it and net +20% credit.
Of course if you go the other direction you get totally screwed.
If you’re trading in an expensive EV, you paid 5% GST on it. If you’re trading it in on a 25% GST car, then you get 25% credit.
Buy an expensive EV and pay 5% and the trade it in at what you paid or close to it and net +20% credit.
Of course if you go the other direction you get totally screwed.
10-19-2023, 09:48 AM
#269
Rennlist Member
Thread Starter
I'm noticing a little more softening on the 991's. More are in the $110k-$115k range now vs $120k plus 6 months ago. I still can't get my head around these prices though. There are 2 nice 2017 base cars for sale on the Autotrader site. One at $100k private sale with 44k km that had an MSRP of $113k and a CPO car at PCO with 32k km for $117k that had an MSRP of $122k. How can anyone justify that little depreciation over 6 - 7 years?
Last edited by Onami; 10-19-2023 at 09:50 AM.