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Jcx said:But Sponge, enough banter, what did you buy?
Zingari said:Jcx said:But Sponge, enough banter, what did you buy?
:hand: He's checking whether it will fit in the carcoon first
silvermilnec said:Surely with prices dropping like a stone he will wait a bit longer opcorn:
spongebob squarepants said:silvermilnec said:Surely with prices dropping like a stone he will wait a bit longer opcorn:
Actually ive looked through prices today and they are now on the rise! Funny how quickly things can change, so i thought I may need to get in sooner rather than later
I also heard finance rates will balloon to 15% in the spring with Brexit looming :wink:
benbuhagiar said:Spongebob, what are you smoking? :lol: One minute there is a crash, next they are rising...
I don't see finance rates getting anywhere near 15% but if they do, car values will come down.
benbuhagiar said:I was monitoring 997.2 prices for 3/4 for years before buying mine earlier this year. Prices didn't decline at all in that period.
Whether you buy a Porsche now or in the future, I am very confident it will hold its value better than a BMW/Merc/Audi.
I'd buy now and enjoy driving the car. If you lose 10% so what? You'd still be buying a great car and will hold its value better than its German equivalents.
Robertb said:I was reading an old car mag last night, from 2002. There was a Meridien ad in there with the following, among others:
1988 Ferrari 328 GTS, 3,000 miles. £44,000 (inflation adjusted £68k)
2002 Boxster 2.7, 5,000 miles £37,850 (inflation adjusted £59k)
The Ferrari was 14 yrs old, so it would be the same as a 3000 mile 2004 F430 or 360m now being up for around £58k relative to a nearly new 718 at £50k.
Meridian now have a 7000 mile 2007 F430 for £103k....
Shows that new Porsches have become relatively good value, used Ferrari around 30-40% overvalued.