Car Depreciation - Re-defined

[Rodge]

Had a big hit on the depreciation of your car or sitting on a big unrealised depreciation loss and need cheering up ?

Cheer-up, this disgraced lawyer stands to lose up to $200,000 on his Ferrari California and he's only driven it 349 km's, not even one tank of gas !!
That's about $573 depreciation per kilometre !!

That's what you call a depreciation beating !!

http://www.nbr.co.nz/article/barry-h...comment-585680

[mcnews]

If you had the coin to do it though those km would have been big fun :-)

[Rodge]

I dunno Trev, you wouldn't want to spend many km's driving slowly to warm it up. I quickly worked out that driving it to my favourite cafe and back, (return 15 km's) would cost nearly $8,600...reckon that might spoil my appetite... just a little

[mik]

that`s pretty painful.

[SSD-85]

Oh, my heart bleeds for him............

[grandpa_spec_F6]

And here I was thinking the F6 was bad! Mine only cost me about $1 per km in comparison so far! Which is still a kick in the guts but you play you pay!

[GT-E]

I have lost $1,000 per month on my GT-E

[MAGPIE]

Originally Posted by Rodge

Had a big hit on the depreciation of your car or sitting on a big unrealised depreciation loss and need cheering up ?

Cheer-up, this disgraced lawyer stands to lose up to $200,000 on his Ferrari California and he's only driven it 349 km's, not even one tank of gas !!
That's about $573 depreciation per kilometre !!

That's what you call a depreciation beating !!

http://www.nbr.co.nz/article/barry-h...comment-585680

Hart is a bleeding heart for the scum of the earth, he deserves everything he gets

As for depreciation, saw this in the Dom on the weekend...

http://www.trademe.co.nz/motors/used...-511903342.htm

Ouch !

[Fiesta_Man69]

That's almost as bad as Saab...

[2011G6E]

I went against all logic and bought the brand new G6E back in February last year...the retail price with the options they threw in was $54,000. Now Redbook and others show the sale price of one privately would only be less than half that...trade in price is horrifying...down around $20,000 or less.

The trouble is that Falcons aren't anything special...even the upper spec models, they're "just a Falcon" after all, and this is how people see them.

Next time we buy, I'm going back to the tried and true method of buying something up to about three years old at most, that way the first owner has taken the big hit from depreciation...our last vehicle, a 2004 100 Series Landcruiser bought in early 2008 cost $40,000...the guy who bought it new would have paid a third more than that for it.

Luxury cars, paradoxically, seem to be hit even harder by depreciation.