Dark Horse Depreciation vs GT

[roadpilot]

For conversation sake, my 2018 subaru WRX Sport-Tech MSRP 36,500 90km CDN ordered new was written off/total loss last month. Insurance paid me out $29,995. Making it depreciate $1,000 per year.

Nah. That's because, thanks to inflation over the last 3-4 years, that Subi, new, now costs $48K, and used cars in general are top dollar ...

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[AlloyPony]

Yes. With Ford financing the EB and GT are 4.99%, and the DH is 7.99%
Banks are higher.

I bet insurance rates are higher on DH also, despite the fact that performance is barely any different from standard GT, simply because of the marketing.

 

[ShelbyMilk]

The insurance is in line with any other new car.

 

[Eurasianman]

For conversation sake, my 2018 subaru WRX Sport-Tech with 90,000km MSRP 36,500 CDN ordered new was written off/total loss last month. Insurance paid me out $29,995. Making it depreciate $1,000 per year.

I put 4k in mods in that was a total loss lmao no refund from insurance for stage 2+

Insurance companies typically do not cover after-market modifications. Some insurance companies have an option to cover after-market modifications, but of course, at an additional cost.

 

[roadpilot]

I bet insurance rates are higher on DH also, despite the fact that performance is barely any different from standard GT, simply because of the marketing.

I had both a GT and DH quoted. No difference, really.

 

[Upacurb]

I had both a GT and DH quoted. No difference, really.

I had the same experience going from a GT to a 350
No real difference

I think people are just making things up to make themselves feel better

 

[roadpilot]

I had the same experience going from a GT to a 350
No real difference

I think people are just making things up to make themselves feel better

Me thinks they like to open their pie holes often and hear the sound that echos out from them ...

 

[ShelbyMilk]

Here are the numbers (guideline)....

FYI my 2019 shelby depreciated like 16k in the first year back then

Year 1 - 5 (15-20k for stang in the first year) edmunds.com - cost to own

GT - $15,420 $2,285 $1,867 $2,091 $1,828 total $23,491
DH - $21,831 $3,714 $3,037 $3,404 $2,972 total $34,958

This is the argument for lease/buy when you get to high dollar cars.

Add more if you paid "markup". Every dollar is lost and taxes are added on markup also.

And if you buy at 7% for 5 years for a DH you pay @ 12k in interest. (front loaded of course)

This is why repo's are up around 20%....

Another reason cars are not investments.



Where are my keys....i need to hear the V8.

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