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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,514
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Car value Retention?
https://bringatrailer.com/listing/2008-ford-mustang-bullitt-62/
Pretty good on this one, considering that I paid $30,075 for my '09. That was in April of '09, new, licensed & out the door. However, this price is not even an inflation hedge. But considering that consumer reports says any car retaining 50% of it's value after five years is doing well, not a bad retention. Far better than most cars, worse only to a lofty few. To me, shows the folly of thinking one can pick a new future collectable. Showing my age, but I remember when the 356 Speedster was the "entry level" Porsche.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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03-14-2024, 11:45 AM
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Counterclockwise?
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Why did you not drive it?
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Rod 1986 Carrera 2001 996TT A bunch of stuff with spark plugs |
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03-14-2024, 12:34 PM
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Get off my lawn!
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It is a shame that car was not driven more, as Ford intended.
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Glen 49 Year member of the Porsche Club of America 1985 911 Carrera; 2017 Macan 1986 El Camino with Fuel Injected 350 Crate Engine My Motto: I will never be too old to have a happy childhood! |
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03-14-2024, 12:54 PM
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Control Group
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Car like that is a depreciating asset, not an investment.
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She was the kindest person I ever met |
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03-14-2024, 01:01 PM
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Kantry Member
Join Date: Feb 2001
Location: N.S. Can
Posts: 6,803
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Quote:
Best Les
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Best Les My train of thought has been replaced by a bumper car. |
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03-14-2024, 01:26 PM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,514
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Quote:
(edit) But even the "lofty few" aren't really investments. You have to maintain the car, insure it, store it, etc. Compared to a nice no load index fund, the return on any car isn't that great. That's the point...buy what you like because you like it, but don't consider it an investment. I have a hellofa time keeping a straight face whenever a car salesman says a car is a "great investment". (edit again) Here's a video of a poor Brit...the other end of it...a Porsche "behind book" rant. Video lifted from a post on PARF.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) Last edited by pwd72s; 03-14-2024 at 02:27 PM.. |
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03-14-2024, 02:06 PM
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Registered
Join Date: Jan 2002
Location: Long Beach CA, the sewer by the sea.
Posts: 37,690
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Quote:
 If it's about a Mustang or pool, chances are Paul is in on it. |
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03-14-2024, 03:47 PM
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Snark and Soda
Join Date: Aug 2003
Location: SF east bay
Posts: 24,670
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Good post? Leave a tip! O - $1 O - $2 O - $3 |
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03-14-2024, 04:27 PM
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Registered
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Quote:
No one held a gun to this ahole’s head or “shoved it down his throat” and made him buy the car. He had other options. He didn’t do his research, didn’t assess whether the car met his lifestyle needs, but apparently, maybe, (assuming he’s not just an internet “influencer” posing as a car owner) he went ahead and bought it anyway. If he wanted a 911 he should have bought one instead of experimenting with an electric.
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03-14-2024, 04:52 PM
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Model Citizen
Join Date: May 2007
Location: The Voodoo Lounge
Posts: 18,840
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Quote:
• The Taycan he paid 120,000 Pounds-sterling for is now obsolete and worth between 22,000 and 42,000 Pounds on the wholesale market and he's massively underwater.
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"I would be a tone-deaf heathen if I didn't call the engine astounding. If it had been invented solely to make noise, there would be shrines to it in Rome" |
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03-14-2024, 05:46 PM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,514
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Yep, he shoulda bought a Bullitt Mustang.
Actually, the value of my Mustang could go to zero and I wouldn't lose as much as this poor sap lost the second he left the dealership lot. But...he has the status of owning a Porsche and is "saving the planet" by going electric.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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03-14-2024, 07:03 PM
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Carrera
2004 Mazda Miata
