Gino
Well-Known Member
- First Name
- Gino
- Joined
- Apr 2, 2024
- Threads
- 29
- Messages
- 922
- Reaction score
- 467
- Location
- Orange County, CA
- Vehicles
- 2000 Boxster & 2021 Taycan
I don’t know why you keep saying I’m trying to save on depreciation. I don’t care about depreciation since I have no plans to ever sell any of my vehicles, ever. I may buy additional ones but in my eyes they are collector’s items for me but not in the sense that they are investments. I would just prefer yo cost to maintain them does not get so expensive that I would be paying an ungodly price to repair any of them.While I don’t know what your other cars are, but I would all but guarantee they are in fact depreciating assets whether or not you drive them. A Taycan is not a collectible car. The concept to “save miles” and depreciation on your existing cars is to buy a new ICE Porsche makes no sense. The depreciation driving a new car off the lot vs the minimal added depreciation to your existing cars from added mileage in addition to age is going to be much higher other than in very unique circumstances. Your logic doesn’t add up. Sorry to high jack the thread this was just confusing advice regarding CPO, hedging future battery cost, future Taycan devaluation. Talk about overcomplicating something that just isn’t that complicated.
I have a 2007 Aistream Interstate which I bought new for $104K. 18 years later with 142K on it I spent $30K to redo the roof, replace the AC, rebuild the transmission and fully repaint it so it looks like new. This was an easy decision because the base model Airstream Interstate costs $220K before options and the 2.7L Turbo diesel engine I have will last over $1M miles.
I can sell it for $65K to $75K today but I never would.
I also have 2003 Hummer H2 in perfect condition with only 85K on it which I paid $50K originally. I’ve had to replace the transmission once for $5500 & that’s it. I have no reason to sell it or replace it when I only use it a few times a year when I take it to Utah & Lake Tahoe to go skiing. We still have a 2005 Honda Accord which is in perfect condition with 90K on it just as a backup but it never gets used. It just sits there in case we need it or if someone visits and needs a car while they’re in town.
We thought we would use it more when the Taycan is in the shop but they always give us a loaner which my wife would rather drive.
I guess I just hate selling cars so I usually just give them to my nieces & nephews or to close friends for their kids or I donate them if nobody else wants them.
My wife bought the Honda so I’m happy to give it away if someone in my family wants it but every vehicle I’ve bought serves a specific purpose forever.
I almost bought a limousine, a backhoe & a bulldozer in my younger days just in case I needed them.
Thank god my wife stepped in to stop those purchases!
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