Quote:
Originally Posted by Phimosis
The universal truth here is that cars are not an investment, they are a depreciating asset. On the used car market, you see (multiple) 2005 Lambo Gallardo's or 2006 911 turbo's for $90,000. The seller of the lambo is losing $90,000 in depreciation in 4 years. The Porsche sellers are losing $50,000 in 3 years, plus you're losing $1,000 a month to the bank on the interest for a loan that big. Then, Lambo owners are replacing the SMG clutch at like 15k miles at a cost of $7000. The total cost of 4 years of Lambo ownership (on a new car) is going to run you $120k-140k.
-Phim
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Exactly! As someone with a degree in Economics and an MBA in business, 30+ years in the financial world, it is great to see a Medical Doctor with financial savvy, so you can throw that back at your "my friends all drive Porsches" crowd, and feel good about "not making amends"
If you have enough money to burn and realize you are buying the "toy" because it brings you great satisfaction, then by all means, but don't expect it to be anything other than a depreciating asset. The 370Z is one hell of a sports car for the price, and a wise move for someone who doesn't want to loose their shirt in 3 or 4 years if they trade or sell.
John