Bedtime horror story (depreciation)

"Supreme Chancellor and Glorious Leader SaveTheIntegras" (jegoingout) 07/16/2018 at 21:50 • Filed to: None

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Without going into specifics, my boss bought a 2018 Maserati today that had 300 miles on it. The original price was $110,000 and it was bought today for $80,000.00.

It looks nice at least and turns my jobs garage into the ideal “oil rich prince” paradise as there’s a white Quattroporte, a white G63, and a ‘65 Factory Five

Chan - Mid-engine with cabin fever > Supreme Chancellor and Glorious Leader SaveTheIntegras 07/16/2018 at 22:00

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Was it sold as a “new” or a “used” car?

Bman76 (hates WS6 hoods, is on his phone and has 4 burners now) > Supreme Chancellor and Glorious Leader SaveTheIntegras 07/16/2018 at 22:02

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Unfortunately, it’s now worth $75k $70k $65k $60k.

fintail > Supreme Chancellor and Glorious Leader SaveTheIntegras 07/16/2018 at 22:05

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Is this in addition to the gaggle of others?

For fun, check the value (and maybe condition, too) in 5 years.

Supreme Chancellor and Glorious Leader SaveTheIntegras > fintail 07/16/2018 at 22:07

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This was not part of the 17, which we’re getting an answer on tomorrow

Supreme Chancellor and Glorious Leader SaveTheIntegras > Bman76 (hates WS6 hoods, is on his phone and has 4 burners now) 07/16/2018 at 22:07

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Accurate...

Supreme Chancellor and Glorious Leader SaveTheIntegras > Chan - Mid-engine with cabin fever 07/16/2018 at 22:08

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It was sold new, sold to us “used”

Mr. FiSTer of Team FiST Fetish > Supreme Chancellor and Glorious Leader SaveTheIntegras 07/16/2018 at 22:12

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An STi will always be a better investment than a Maserati.

Highlander-Datsuns are Forever > Supreme Chancellor and Glorious Leader SaveTheIntegras 07/16/2018 at 22:23

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The deprecation is more than I’ve ever spent on a car.

interstate366, now In The Industry > Mr. FiSTer of Team FiST Fetish 07/16/2018 at 22:32

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True for cars, true for diseases.

functionoverfashion > Highlander-Datsuns are Forever 07/16/2018 at 22:51

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It’s nearly more than I’ve ever spent, combined!

OPPOsaurus WRX > Bman76 (hates WS6 hoods, is on his phone and has 4 burners now) 07/16/2018 at 22:59

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U can’t typ e fast enough to keep up with the depreciation

Highlander-Datsuns are Forever > functionoverfashion 07/16/2018 at 23:13

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I’ve spent $65k on cars my entire life.

RPM esq. > Supreme Chancellor and Glorious Leader SaveTheIntegras 07/17/2018 at 01:12

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Remind him  of this savings when he resells it for $40,000 in eighteen months.

RPM esq. > fintail 07/17/2018 at 01:13

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Seriously, it’ll be $25k if he’s lucky.

Supreme Chancellor and Glorious Leader SaveTheIntegras > RPM esq. 07/17/2018 at 07:34

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Sold it before we even took delivery of it

functionoverfashion > Highlander-Datsuns are Forever 07/17/2018 at 09:04

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If I don’t count my wife’s cars, I’m only at $25k or so lifetime, and that includes my current truck, which I’m sure hasn’t gone down in value since I bought it, and my DD ‘03 bmw.

If I count 50% of the money we’ve spent on cars my wife has primarily driven, that adds another $20k. Soon to be another $11k.

Just for the record, I’m not trying to be competitive - it’s just an interesting exercise, and really makes me laugh at my coworkers who think my bmw is “fancy” yet they’re all driving mid-sized SUVs they bought new for more than I’ve spent on cars my whole life to date.

Highlander-Datsuns are Forever > functionoverfashion 07/17/2018 at 09:29

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My wife always gets the nice car, while I fix rust on my Mazda and prep it for teenagers.

fintail > Supreme Chancellor and Glorious Leader SaveTheIntegras 07/17/2018 at 09:30

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G ood luck! or not.  I don’t know if those are hard to sell, but I can’t imagine they fly off the lots, unless there’s a specific demographic.