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Thread: Car Depreciation woes!!

  1. #1
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    Default Car Depreciation woes!!

    I am a new forum member and have read countless posts on the value, both resale and current of F cars(and some others)

    Surely no one on here actually believes that cars are appreciating assets( with a few expections)

    So why the constant surprise, horror, shock, at the fact that F cars lose money!

    Who in their right mind buys a car and seriously believes that it will increase or at the very least, hold its value?

    Wake up! its a wasting asset.... Your car...yes yours, is going to lose value weekly, just like all regular cars.

    Accept the fact and enjoy the car for what it is.

    Rant over!

  2. #2
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    Quote Originally Posted by 11LX
    I am a new forum member and have read countless posts on the value, both resale and current of F cars(and some others)

    Surely no one on here actually believes that cars are appreciating assets( with a few expections)

    So why the constant surprise, horror, shock, at the fact that F cars lose money!

    Who in their right mind buys a car and seriously believes that it will increase or at the very least, hold its value?

    Wake up! its a wasting asset.... Your car...yes yours, is going to lose value weekly, just like all regular cars.

    Accept the fact and enjoy the car for what it is.

    Rant over!
    What he said

  3. #3
    ferrari-spider Guest

    Default

    Good that man

  4. #4
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    Default

    if my post about the 125k 612 sparked this, then let me make my own views clear.

    I know the 4 seater V12s never do well, i was just suprised to see it so cheap so soon. That's a 30% drop in sub-12 months.

    And i was merely commenting that it would make a nice purchase now or in another 1 months.

    But i agree with you - enjoy it whilst you can!

  5. #5
    GrahamS's Avatar
    GrahamS is offline Crop rotation in the 14th century was CONSIDERABLY more widespread after John... Admin dude
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    Default

    Best post in ages

  6. #6
    ric355's Avatar
    ric355 is offline Nowhere to put the shopping -The Ferrari F40 Club Member
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    Default

    Quote Originally Posted by 11LX
    I am a new forum member and have read countless posts on the value, both resale and current of F cars(and some others)

    Surely no one on here actually believes that cars are appreciating assets( with a few expections)

    So why the constant surprise, horror, shock, at the fact that F cars lose money!

    Who in their right mind buys a car and seriously believes that it will increase or at the very least, hold its value?

    Wake up! its a wasting asset.... Your car...yes yours, is going to lose value weekly, just like all regular cars.

    Accept the fact and enjoy the car for what it is.

    Rant over!
    You're right, no-one believes their cars are appreciating assets. I don't know where you got that impression from. I haven't read a single post on here from someone saying they expected their car to 'increase in value but it didn't'.

    Personally I don't care if my car depreciates but I think your interpretation of what you've read is deliberately extreme. People don't like to lose money - that is just normal. It doesn't mean they were expecting the opposite.

  7. #7
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    I think it's naive to ignore depreciation unless you are seriously wealthy, either that or a 'buy and hold' enthusiast. Few however would expect a series production Ferrari of any age to appreciate whilst putting any sort of mileage on it.

  8. #8
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    Quote Originally Posted by Steve
    I think it's naive to ignore depreciation unless you are seriously wealthy, either that or a 'buy and hold' enthusiast. Few however would expect a series production Ferrari of any age to appreciate whilst putting any sort of mileage on it.

    Well said

  9. #9
    ric355's Avatar
    ric355 is offline Nowhere to put the shopping -The Ferrari F40 Club Member
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    Quote Originally Posted by Steve
    I think it's naive to ignore depreciation unless you are seriously wealthy, either that or a 'buy and hold' enthusiast. Few however would expect a series production Ferrari of any age to appreciate whilst putting any sort of mileage on it.
    I'm a 'buy and hold' person which is why I don't care about depreciation. I actually don't like the shape of the 360/430 all that much, which makes my wallet really happy!

  10. #10
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    I think everyone appreciates they lose money like any other car, but for those on a tighter budget, to realise their dream and buy their first F-car, they have to be confident about how much of a 'kick in the nuts' they are likely to take. This can be the deciding factor, if the odd thousand pounds here and there makes a difference to your circumstances.

    So, I don't mind people posting those kinds of questions!

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