Quote:
Originally Posted by Axxlrod
You'll be paying over $110,000 to have an M3 over a 3 years period? Don't buy a car unless you can see yourself owning it for a 10 year period?  
Dude, your logic is whack. |
I said
"How much can you spend per mile of driving and not care about, compare that to the money you will lose in 3 years of ownership and see what
you can tolerate.
You will be paying likely over a Hundred and ten thousand USD
for an M3
Dont strap yourself, especially financially over a car unless
you can see yourself owning it for 10 years plus Then Make sure its worth the sacrafice"
I am a little Whack, but what I said was interpereted differently by you than was posted by my whack self
To explain
I used the logic that a Ten Year old Sports car, costing 100,000 USD is going
to be drivin an average of 10K miles a year by a typical enthusiast, If you look at a 10 Year Sports car, well maintained and with No major body work will bring about $25-$40K based on comparable Porsches, Ferraris and M-3s based on the cost relationship of sales price to retail selling price 10 years on
Check out a 97 993/996 Porsche, a 97, 98 99 M3 or a 97 Boxster or NSX
The Depreciation on a Sports car in that Price range is Very steep at
first and Really levels off ato the ten yr Mark now, Yes inflation, quality
Care and other factors will really effect this
Example 98 Boxster $47K new 70K Miles $18K in great shape
a 40K new 98 M3 is $15K 68K miles So it lost 25K thousand in value
over a 10 Yr Period or 2,500 a Year Add maintainance Insurance, Gas
and Factor inflation thats about $4.8K Per Year if you drive it 6000 mile
a year. Depends on State, Country,and many factors
In Oregon in the States,
There is no sales tax, and no property tax on vehicles
Licenseing is less than a hundred dollars a year
That makes it a collectors dream
Now you know my whacked thought pattern