Supercars depreciation

[midlifecrisis]

Agreed Dicky. Funnily enough the manufacturer's such as McLaren, Ferrari, Lamborghini, AM, Bentley, RR and all that were introducing cars at higher and higher prices milking the stupid rich have partially escaped that situation as they have sold the cars at silly prices and banked the money. The silly rich will wear the hit which most can afford to do.

The secondary issue for some manufacturers such as McLaren are finding and going to find is they are going to run out of buyers of their new cars. They will all need to shrink back down again even Ferrari. I'd heard that around 50% of new Ferrari sales were going to the same Ferrari owners that already had 4 or more Ferrari's.

The strongest, fitest and most dynamic may survive. I fear for the others. I also fear we may lose a big name brand forever which is a worry. AM are not in a great place so I hope Toto has a good plan moving forward to keep hold of his £37m.

But isn't that the key to business and social redistribution of wealth.
The man with an idea makes something desirable to the 'stupidly rich and vain', sells it to them at an exorbitant price and employs many un/semi/fully skilled workers and engineers in doing so.
That's the case at McLaren.

 

[Scaf]

Cars are a bit like shares or houses, buy at the bottom, sell at the top ...... if you can.
But if like most of us we have a house, car or shares you probably have to take a bath on what you own to take advantage of the market.
Eg: in last property crash I lost £15k on the house I sold, but the people selling the house I bought took a £65k hit, so I came out well as prices recovered.
I am in the market for an upgrade on the GT so might not worry about the £20k depreciation I will take, over the 4 years of ownership, of the AM or Fezza owner has take a hit double or treble that.
Just need to be sure the market is at the bottom, which I doubt - give it a month or two and I think things will get interesting.

 

[lozcb]

But isn't that the key to business and social redistribution of wealth.
The man with an idea makes something desirable to the 'stupidly rich and vain', sells it to them at an exorbitant price and employs many un/semi/fully skilled workers and engineers in doing so.
That's the case at McLaren.

Most those high end manufactures are catering for the 4 or 5 lottery winners each week and the footballers who earn in excess of £75-£100K a week , losing 2 weeks salary on depreciation is neither here nor there to them , they just want to have the latest toy to play with ...................which keeps us guys somewhere down the pecking order waiting for our turn , which im happy with as i approach my twilight years , ive realised my place in life and content with it , even a multi million £ lottery win wouldnt change me , i still be after that bargain as thats the best part of the chase

 

[Oishi]

It's always risky to categorize people, but one's choice of motor begs it. Maserati people (us) are typically enthusiasts, who love to drive, wrench, and otherwise enjoy our cars. The cost/ benefit ratio is a major factor in our choice of car. Too much upfront cost and depreciation and the benefit goes down, not enough fun and the benefit goes down. We typically look for that sweet spot between purchase price and running costs, often going to great lengths to find that spot. I give you lozcb and the GS, and bebs with the fezza as examples. Spending huge money to own the latest bad car really is not our cuppa, we would rather have something unique, fun, and beautiful to drive. I wonder how many of us bought our Mazers brand new? I didn't, in 2003 when my car was $100k, I was looking at a 365 GTC for similar money. Kinda wish I had bought that one now. Maybe not.

 

[foibles]

Cars are a bit like shares or houses, buy at the bottom, sell at the top ......

Dammit!!!! So i clearly must have written it down wrong when i first heard this. That explains the bank balance.

Seems I'll have to pivot the strategy now....

 

[alfatwo]

So how about old Maser's Dicky, what do you recon? 3200. 4200 .Gransport..
They are a very few original nice one's left over here
They seem to go for lots more money over in Europe
What are your thoughts?

Dave

 

[philw696]

Another Good thread to be reading in the early hours chaps.

 

[lozcb]

So how about old Maser's Dicky, what do you recon? 3200. 4200 .Gransport..
They are a very few original nice one's left over here
They seem to go for lots more money over in Europe
What are your thoughts?

Dave

Is it me , from the little I know and from what I've gauged about European classic and high end car sales prices tend to remain high as they seem to be hanging around a great deal longer than UK cars , is that other people perception and experience

 

[dickygrace]

So how about old Maser's Dicky, what do you recon? 3200. 4200 .Gransport..
They are a very few original nice one's left over here
They seem to go for lots more money over in Europe
What are your thoughts?

Dave

Dave, 3200 prices are different to anything as the cars vary so widely. Mid to late teens still buys a good car, and I think that will continue, same with 4200’s. Gransports, a good one at circa £30k is still great value in my eyes but the market is affected by the massive number of GT’s.

 

[midlifecrisis]

Dave, 3200 prices are different to anything as the cars vary so widely. Mid to late teens still buys a good car, and I think that will continue, same with 4200’s. Gransports, a good one at circa £30k is still great value in my eyes but the market is affected by the massive number of GT’s.

But your talking about low miles cars. Give it some proper use and it depreciates. It's a lot of money for an ornament.

 

[dickygrace]

But your talking about low miles cars. Give it some proper use and it depreciates. It's a lot of money for an ornament.

Yes, that’s what @alfatwo asked me about; ‘very few original nice ones’, with which I agree. I personally don’t know of a good 3200 or 4200 that has covered more than 5k pa. If there is one out there, it’s probably had a restoration.

 

[CT3200GT]

Is it me , from the little I know and from what I've gauged about European classic and high end car sales prices tend to remain high as they seem to be hanging around a great deal longer than UK cars , is that other people perception and experience

That is true, I think the main reason is that in south Europe the super cars are generally very rare compared to here and owned only by very rich people hence the prices remain high...

 

[bigbob]

Yes, that’s what @alfatwo asked me about; ‘very few original nice ones’, with which I agree. I personally don’t know of a good 3200 or 4200 that has covered more than 5k pa. If there is one out there, it’s probably had a restoration.

That makes sense as otherwise mileages would be really high by now. I checked online and my 3200 seems to have disappeared and my 4200 is now on 75k miles.

My GranTurismo is on 55k miles and I don't really see the point in selling it now as the mileage is too high to preserve its value inline with what you say Dicky. Question is now I am down to using it only for about 4000 miles pa how long will it last?

 

[philw696]

I reckon you can easily repeat for another 55,000 @bigbob

 

[bigbob]

I reckon you can easily repeat for another 55,000 @bigbob

Bloody ****, that will take me 13 years! On top of the nine years I have already had it then I might get a gold (trident) watch.

 

[Hawk13]

I take the view that the GT is to be used. As has been said on here many times, they may be achingly beautiful but (saved for the Strad) produced in too many numbers to be worth anything significant for the next 30 years.

Mine is coming up 3 years old and has recently ticked over 20,000 miles ... with plenty more planned for me.

In all honesty, I will keep using her until I can no longer afford the petrol.

 

[bigbob]

I take the view that the GT is to be used. As has been said on here many times, they may be achingly beautiful but (saved for the Strad) produced in too many numbers to be worth anything significant for the next 30 years.

Mine is coming up 3 years old and has recently ticked over 20,000 miles ... with plenty more planned for me.

In all honesty, I will keep using her until I can no longer afford the petrol.

You are in the early period of your (Maserati) relationship when no one argues about taking the bins out, metaphorically speaking. After a while you will contemplate 'upgrading' or you will change another car and the Maserati will then not be right for what you bought it for.....we are illogical petrolheads.

I've got too many cars, which I cannot use at the moment - the weather is nice and it's strange. In fact they have to take a timed ticket for the Ctek.

 

[safrane]

Totally different league I know; but my hight miles first 4200 gave me far more pleasure as I never worried about using it and putting the miles on... otherwise it no longer remains a car.

 

[Doctor Houx]

Older Astons generally a sound investment due to rarity, brand and Bond link as Dicky says. I Purchased my DB4GT in scruffy order for £8k in 1986 as one of only 75 original GT's built (several DB4's have since been shortened and turned into GT's or Zagato's now). Have spent a few £ on it over the years, but ones for sale now tend to go for over £2M, so not a bad investment

My ex AML prototype Vanquish SDP is only 16 years old, but that is now worth more than when new due to its unique spec and history and AMOC concours awards, so whatever happens to the company and share price, I think these will remain decent investments ( and more importantly, great fun to drive and just look at during lockdown).

However, I agree the more numerous DB9 and onwards VH cars made at Gaydon in their 000's have far more risk to values, as just not as rare.

 

[bigbob]

Older Astons generally a sound investment due to rarity, brand and Bond link as Dicky says. I Purchased my DB4GT in scruffy order for £8k in 1986 as one of only 75 original GT's built (several DB4's have since been shortened and turned into GT's or Zagato's now). Have spent a few £ on it over the years, but ones for sale now tend to go for over £2M, so not a bad investment

My ex AML prototype Vanquish SDP is only 16 years old, but that is now worth more than when new due to its unique spec and history and AMOC concours awards, so whatever happens to the company and share price, I think these will remain decent investments ( and more importantly, great fun to drive and just look at during lockdown).

However, I agree the more numerous DB9 and onwards VH cars made at Gaydon in their 000's have far more risk to values, as just not as rare.

DB9 values are quite strange. The early cars are seemingly very cheap but the final facelifts with the Virage upgrades look very expensive - £60k for a 2012 is a lot of money IMHO.