35is Depreciation
- Thread starter Wrs
- Start date
I think Mr Wilks you might have a slightly different outlook if you were to buy a weekend car to keep for more than a few years.mr wilks said:Wrs said:Lots of good mixed input guys - thank you. I do wish I could be as carefree (or perhaps as wealthy) as some when it comes to depreciation :? .
I love my 35is to pieces.. However after calculating the true cost of ownership it has got me thinking whether I love my Z enough as a 2nd car vs. the running costs.
The largest proportion of my running costs is depreciation hence my original post. I am not aiming to make money but is it that strange to want to minimise losses over the course of ownership? Do I think this is possible with what I spent to date + holding on for another 5-10 years with the associated running costs.. Unfortunately no.
Its not always about being carefree or wealthy , for some of us common sense has to play a large factor & whilst i understand the vibe of " who cares about the money " or " you don't buy them as a investment " or " just buy them , enjoy them & take what you get at the end "my weekend car is a 3rd car so i'm already playing the losing game on 2 others so whilst i want the enjoyment of a low use sportscar i don't want my pants pulling down at the same time
A 35Is is on my "to do" list at some point but only when the prices have bottomed out so i can enjoy it & peddle it on with my cash intact , i personally don't think we are far off that now but a issue most have missed in this thread discussing depreciation is the factor most likely to affect your depreciation is what you hand over for the car in the first instance :wink: those who want a certain spec & willing to pay for it will be hit hard as will those wanting to buy only AUC or with very low miles then start adding to them
Its a interesting topic discussed before & isn't solely 35Is specific , i would say its reflected across the range
I would imagine that you must have spent quite a bit of cash swapping between various Zeds over the last few years and although you might not have lost much in the sale price after owning, you do seem to sort them all before selling which costs money.
Our Z was bought as a daily car and weekend toy. It was a car we wanted to own and although the purchase price was more than we had ever spent on a car it is something we will keep for at least 5 years (3 and a half have passed already and no real thoughts on changing) Looking at prices now we have probably lost about 6k in our ownership but we have enjoyed it more than any other car with only our bikes beating it which we have had the same bikes for 8+9 years too.
Our X6 was again a car we both wanted and it has not disappointed, it will probably cost us more in depreciation over 5 years than the Z will but its worth it.
We are neither rich or carefree but sensible with what money we have.
Oh, sorry if it sounds like a pop at you Mr Wilks, its definately not, just a different outlook
Not taken as a pop at all Nictrix & neither was my post meant as a dig at anyone leat of all yourself , i fully understand that each one of us has different slants on what they buy , why they buy & when they sell , i do it my way cause it works for me & so far have avoided depreciation which the OP as rightly identified as the biggest single expense of 99% of cars we own
We are all fortunate to be able to run 2 seater cars whatever the model as i'm sure the country is full of folks who would love to have one but can't for a variety of reasons
We are all fortunate to be able to run 2 seater cars whatever the model as i'm sure the country is full of folks who would love to have one but can't for a variety of reasons
Interesting read guys as I picked up my 35is today. Paid less than £18k for it with 34k on the clock, and it has to be said "out of a box" condition.
I decided I wanted to trade up from the E85 to the top spec E89 and I feel at that money/performance it's a bargain.
IMHO others will feel the same too. As others have said I have not bought it as an investment but to enjoy with the top down as much as possible and when it comes time to sell you take your chance with the market. That's life.
Not being at all bliasse but life's to short to worry about it
I decided I wanted to trade up from the E85 to the top spec E89 and I feel at that money/performance it's a bargain.
IMHO others will feel the same too. As others have said I have not bought it as an investment but to enjoy with the top down as much as possible and when it comes time to sell you take your chance with the market. That's life.
Not being at all bliasse but life's to short to worry about it
RayM said:Not being at all bliasse but life's to short to worry about it
A good pal of mine died quite recently - we had been good mates for 50 for more years - The chap was always very canny with his cash and never had a "posh" car! He was saving his cash for his old age - but never got there - That was my wake up call and the new 35is to replace 22k mile well pampered 3.0l
ronk said:RayM said:Not being at all bliasse but life's to short to worry about it
A good pal of mine died quite recently - we had been good mates for 50 for more years - The chap was always very canny with his cash and never had a "posh" car! He was saving his cash for his old age - but never got there - That was my wake up call and the new 35is to replace 22k mile well pampered 3.0l
I had a similar epifany a few years back and bought a 911... never ever regretted it
RayM said:ronk said:RayM said:Not being at all bliasse but life's to short to worry about it
A good pal of mine died quite recently - we had been good mates for 50 for more years - The chap was always very canny with his cash and never had a "posh" car! He was saving his cash for his old age - but never got there - That was my wake up call and the new 35is to replace 22k mile well pampered 3.0l
I had a similar epifany a few years back and bought a 911... never ever regretted it
Its sad that we often need such a wake up call!
North West Surrey
Mr Tidy said:Wrs said:
Great!
A couple or so years ago, a fellow member gave me a spin in his 35is and that gave me the itch that got scratched last September!
Just be careful that it doesn't do the same.
RayM said:ronk said:RayM said:Not being at all bliasse but life's to short to worry about it
A good pal of mine died quite recently - we had been good mates for 50 for more years - The chap was always very canny with his cash and never had a "posh" car! He was saving his cash for his old age - but never got there - That was my wake up call and the new 35is to replace 22k mile well pampered 3.0l
I had a similar epiphany a few years back and bought a 911... never ever regretted it
Me, too.
Busterboo said:RayM said:ronk said:
I had a similar epiphany a few years back and bought a 911... never ever regretted it
Me, too.
And me
There's a phrase up here for those that know what they're doing and it's called 'being canny' - mr wilks has it and so do others . . . .
I'm originally from Yorkshire, so sadly it definitely doesn't apply to me
ronk said:
I can relate to that - my Father could have retired early at 60, but continued working and had a major stroke at 61. He lost the use of 2 limbs and was never able to even stand up for his remaining 12 years. His savings were more than 50% of the value of a house, but it did him no good - just got spent on nursing home fees.
Then a cousin of mine died before he was 40 due to a brain tumour bigger than a tennis ball.
So I took early retirement at my first opportunity and bought a Z4C! You only get one go at this.
Apologies for the hi-jack OP.
