Sticker/Price Shock
#16
08-29-2013 | 09:00 PM
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Actually, my 5-year history of owning 3 Bentley Continental GTCs has given me an accurate perspective on the true cost of ownership. Depreciation and sales tax averaged $32K/year. Other than gas and insurance, that's all it cost me and if I didn't think it were worth it, I'd have never gotten my third one last December. So I don't consider it "pissing" away my money but money well-spent as I still stop and stare in admiration and awe at how drop dead gorgeous everything is about my car and I feel like a million bucks when I'm driving it.
#17
08-29-2013 | 09:03 PM
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Are you sure? Tell that to Eliot Spitzer !
#18
08-29-2013 | 09:28 PM
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Actually, my 5-year history of owning 3 Bentley Continental GTCs has given me an accurate perspective on the true cost of ownership. Depreciation and sales tax averaged $32K/year. Other than gas and insurance, that's all it cost me and if I didn't think it were worth it, I'd have never gotten my third one last December. So I don't consider it "pissing" away my money but money well-spent as I still stop and stare in admiration and awe at how drop dead gorgeous everything is about my car and I feel like a million bucks when I'm driving it.
#20
08-29-2013 | 09:46 PM
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Ouch! But to keep things in proper perspective, I lost well into seven figures in the tech crash, and that was preceded by zero pleasure. There's something to be said for enjoying it while you can. I hope your new 991 enjoyment quotient makes up for the R8 fail!
#21
08-30-2013 | 02:01 AM
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My last 911 was a 07 GT3 in 07 and I had a 97 993 trbo and 06 997 s cab-all together at once- so no Porsches since 2008. I have had 18 Porsches since 1982.
I was contemplating getting a leftover 13 s cab with a 10% discount- all the options plus manual like my 06.
Well quite frankly I have buyer remorse in that these prices have climbed beyond reality for me- for a toy! Plus they can now depreciate even more as all cars are going to zero ultimately. With this deal and after sales tax my car will be worth 25K less in a year.
Yet as I read threads here no one seems fazed- I am part of the 1% but with the current admin in DC it is and will become harder to hold onto capital and build it.
Just my thoughts not trying to ruin any persons day.
I was contemplating getting a leftover 13 s cab with a 10% discount- all the options plus manual like my 06.
Well quite frankly I have buyer remorse in that these prices have climbed beyond reality for me- for a toy! Plus they can now depreciate even more as all cars are going to zero ultimately. With this deal and after sales tax my car will be worth 25K less in a year.
Yet as I read threads here no one seems fazed- I am part of the 1% but with the current admin in DC it is and will become harder to hold onto capital and build it.
Just my thoughts not trying to ruin any persons day.
I was watching the video on Jalopnik about the guy who has 900K+ miles in his 356. Made me think I should quit screwing around and drive the **** out of my 991. Won't make much of a financial difference at the end of the day and I'll get more enjoyment out of it!
#23
08-30-2013 | 05:34 AM
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The lease idea is good if you can write it off but in reality you are paying for depreciation plus financing monthly as opposed to when you sell or trade it- the lease gives you a free option to buy or walk away in the end.
I disagree with an earlier responder - these cars will drop at least 30K first year with sales tax- a one year old 991 is worth no more than 95k.
In the 80/90s you could own these cars with no loss but the prices were 30-65K. I can not figure out how all these high line used cars get recycled into the market.
I disagree with an earlier responder - these cars will drop at least 30K first year with sales tax- a one year old 991 is worth no more than 95k.
In the 80/90s you could own these cars with no loss but the prices were 30-65K. I can not figure out how all these high line used cars get recycled into the market.
#24
08-30-2013 | 05:49 AM
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I guess what I am getting at is that with a lease (regardless of whether you benefit tax wise) you can get into a 100k car for less than 1k/mo. with a couple grand down for a 24 mo. period. Given the way that these cars currently depreciate you can't really match those numbers on an outright purchase of a brand new unit.
#25
08-30-2013 | 07:09 AM
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My last 911 was a 07 GT3 in 07 and I had a 97 993 trbo and 06 997 s cab-all together at once- so no Porsches since 2008. I have had 18 Porsches since 1982.
I was contemplating getting a leftover 13 s cab with a 10% discount- all the options plus manual like my 06.
Well quite frankly I have buyer remorse in that these prices have climbed beyond reality for me- for a toy! Plus they can now depreciate even more as all cars are going to zero ultimately. With this deal and after sales tax my car will be worth 25K less in a year.
Yet as I read threads here no one seems fazed- I am part of the 1% but with the current admin in DC it is and will become harder to hold onto capital and build it.
Just my thoughts not trying to ruin any persons day.
I was contemplating getting a leftover 13 s cab with a 10% discount- all the options plus manual like my 06.
Well quite frankly I have buyer remorse in that these prices have climbed beyond reality for me- for a toy! Plus they can now depreciate even more as all cars are going to zero ultimately. With this deal and after sales tax my car will be worth 25K less in a year.
Yet as I read threads here no one seems fazed- I am part of the 1% but with the current admin in DC it is and will become harder to hold onto capital and build it.
Just my thoughts not trying to ruin any persons day.
I am the 20% and I am driving a 911
#26
08-30-2013 | 07:20 AM
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I guess what I am getting at is that with a lease (regardless of whether you benefit tax wise) you can get into a 100k car for less than 1k/mo. with a couple grand down for a 24 mo. period. Given the way that these cars currently depreciate you can't really match those numbers on an outright purchase of a brand new unit.
#27
08-30-2013 | 10:26 AM
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Agreed, the 28% depreciation for a 2-year lease is based on a base car w/o lots of bells and whistles. Those extras depreciate worse than modestly optioned P-cars but I'd really have to not enjoy owning the car to sell it after only a year and take the biggest hit of roughly $30K. If I keep mine for 2 years and trade it in on a 2016 911, and if my depreciation and sales tax amounts to $40K, I won't be unhappy. Maybe we'll really love the car and keep it for 6 years. Then the average cost per year drops way down.
I'm also a one-percenter, so this kind of money doesn't concern me because YOLO, but I can understand how costly this can be for Porsche fans who are stretching to be able to afford one.
I'm also a one-percenter, so this kind of money doesn't concern me because YOLO, but I can understand how costly this can be for Porsche fans who are stretching to be able to afford one.
#30
08-30-2013 | 11:48 AM
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Why did you go so cheap on the options ;-)