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Check out this local to me car that's FS

Discussion in 'Members' Lounge' started by jeffie7, Mar 14, 2007.

  1. jeffie7

    jeffie7 Wrong Whole! VIP

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  2. E_SolSi

    E_SolSi Member of the 20 nut club Moderator VIP

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    oh god damn.......
     
  3. E_SolSi

    E_SolSi Member of the 20 nut club Moderator VIP

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    ok i gotta play the numbers on this one

    2002 911 GT2 brand new in 2002..... $128,146 + tax, title, reg, etc..
    upgrades to said Porsche in 2004..... $112,825.21
    sale price in 2007.... $139,995
    total investment over 5 years of ownership..... $240,971.21 + random shit (tires, oil, etc)
    loss on investment at resale..... $100,976.21
    this of course is assuming that the dealership is not making any money off of the sale of this car and all of that money is going to the cars owner
    the chances of that are quite slim... so the total loss is probably another $10-40K

    moral of the story... no matter how fucking sweet the car is.... its a shitty investment
     
  4. jeffie7

    jeffie7 Wrong Whole! VIP

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    Yeah but if its like any import e-bay listing, that 112K in upgrades was more like 30K =)~
     
  5. reckedracing

    reckedracing TTIWWOP VIP

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    never mix business with pleasure
    i know quite a few people that make money on cars
    most of them buy and sell vettes...
     
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