Blatman Posted January 11, 2005 Posted January 11, 2005 It's an important consideration though. There will always be exceptions to the rule. C******m's and Westfields are more common than things like the Maccy F1 and the GT40, so the Maccy and GT can expect to have better residuals. Looking at it from our perspective, I think we (se7eners in general) should expect better residuals from our cars than the average (and some of the not so average) tin tops. My point being that focusing on absolute amounts rather than the fairer %age comparator distorts the truth, and that distortion is often used as a "deciding factor" (the, "I told you so" argument) by whichever brand loyalist happens to propose them when trying to win the argument. Quote
Monkeylegend Posted January 11, 2005 Posted January 11, 2005 Agreed. The moral is though if you want to lose large wads of money, buy a practical car. If not buy a Westfield.Or maybe an older Griffith. Quote
Blatman Posted January 11, 2005 Posted January 11, 2005 Agreed. The moral is though if you want to lose large wads of money, buy a practical car. Or a new one... Quote
mad lon Posted January 11, 2005 Posted January 11, 2005 Clap...I reckon your'e on a winner with this thread Quote
oioi Posted January 11, 2005 Posted January 11, 2005 i havent added to this thread, and have no intention of providing further comment just found out i have 1,353,573,778 seconds left to live and i feel everyone of those as precious Quote
Monkeylegend Posted January 11, 2005 Posted January 11, 2005 just found out i have 1,353,573,778 seconds left to live and i feel everyone of those as precious Correction, Did have. Quote
mad lon Posted January 11, 2005 Posted January 11, 2005 Ayup...were neck and neck.......go on me son Quote
mad lon Posted January 11, 2005 Posted January 11, 2005 Wot you are looking at ere are muscle threads Quote
Man On The Clapham Omnibus Posted January 12, 2005 Author Posted January 12, 2005 Chicken entrails are a sure fire way of telling the future, according to that nice chap who emails me every day to try to get me to look after $20,000,000 of his money. Quote
James Posted January 12, 2005 Posted January 12, 2005 'Cos your depreciation argument doesn't stand up. It never has, and believe me I've heard it trotted out by C******m owners when talking about Westfields, and vice versa. If you focus on the true depreciation value as a percentage (the *only* way to calculate it fairly) then generally C******m's and Westfields fare pretty well against just about everything else, and are pertty even compared to each other... My Rolex however is depreciating quite slowly by comparison, and a recent price rise for new ones has helped the value of mine considerably... My point is this regardless of what percentage you are losing If you have saved your hard erant cash or remorgaed your home to be able to afford to buy your dream, and in three years you are forces to sell the car for resons beyond myour control to lose that amount of money for a car with so little milage on is more than I would be prepered to lose. I would in that case prefer to buy a westi where althought the percentage of the loss may stay simialar you havent actually lost so much hard cash. Therfore to my mind the westi is a prefered option! I only meantioned the cost per mile out of interests sake as the car has only covered such a low millage (It does put the loses into perspective) and based on the losses im sure my freind has asked himself the question "Was it worth owning it for the amount I used it?" As for "My argument dosnt stand up it never has " I wasnt trying to have an argument only point out some information that I came across only recentley that I feel has a baring on the whole Caterham Westfield thing. And Rolex's they were never worth the money and they never will be but thats another story! Quote
James Posted January 12, 2005 Posted January 12, 2005 Can you name any car that will lose less than 33% in 3 years? Morgan? Ford GT40. The new version. We'll see... Short term there may well be a premium, but I doubt there will ever be a return to the halcyon days of the 80's when some cars would be considered an investment. Besies which, a GT40 could hardly be considered a production car in the same way that even a Westfield or a C******m could, as there are likely to be less GT40's in total than either marque. It'll still lose money in 3 years time though... What about when the new mini came out a year after you bought it you could sell it for more that you paid not bad for a car of that nature. Alright I know that fact will have changed now but it shows that it can be done. Quote
Blatman Posted January 12, 2005 Posted January 12, 2005 As for "My argument dosnt stand up it never has " I wasnt trying to have an argument only point out some information that I came across only recentley that I feel has a baring on the whole Caterham Westfield thing. Er, argument in this context doesn't mean two people shouting at each other across the room, it means two people with differing opinions discussing the merits of their positions in an adult fashion. It's another interpretation thing about internet bulletin boards that frustrates me. As soon as you say "argument" people immediately assume it to be a negative thing. It isn't meant that way at all. Just thought I'd clear that up... My point is this regardless of what percentage you are losing If you have saved your hard erant cash... Like I said, anyone who buys with an eye on residuals is mad, because *anything* can happen in life which can turn a purchase like this from a rare treat into the worst decision you ever made. When buying a car like a se7en, or a racing car, or any motor vehicle (or almost anything else that you buy) that you buy because you *want* it, rather than need it then you must be prepared to lose *all* your money, becuase sods law says it might happen. cash or remorgaed your home to be able to afford to buy your dream, If you had to remortgage your home to buy your dream then you really couldn't afford it, and you probably can't afford to maintain or repair it properly when it goes wrong. For me, a remortgage is a very silly thing to do to buy a car.. What about when the new mini came out a year after you bought it you could sell it for more that you paid not bad for a car of that nature. Alright I know that fact will have changed now but it shows that it can be done. I agree with that. I said as much earlier. And you kind of make my point for me, in that short term residuals on certain cars may well be strong, but after 3 years, how much have MINI's lost in residuals. I haven't looked, but I'll bet it's more than the 33% we're talking about for Se7ens... Quote
chrisbin Posted January 12, 2005 Posted January 12, 2005 Haven't read all this thread before......and can't be 'd to now......so maybe I shouldn't be making a comment... Anyway, all I wanted to say was that the purchase of my Westy was the realisation of a long held dream. I sold it 2 1/2 years later having had great fun (but probably not used it as much as I should have) and having taken everything into account i.e. insurance, petrol, maintenance,......I made a profit!! And we're talking a healthy 100's of £'s too ! So there!! Quote
Blatman Posted January 12, 2005 Posted January 12, 2005 There's the exception to the rule I was talking about... Quote
chrisbin Posted January 12, 2005 Posted January 12, 2005 There's the exception to the rule I was talking about... You talking about me............ or the car........ Mornin Blatters! Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.