your biggest (£) loss so far?
19 January 2006, 05:40 PM
#91
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Lost about £60K on a boat in 1991 
Bought it at the end of the 80's to do corporate entertainment, RYA training courses etc and it paid its way well for a year. My crystal ball totally failed to tell me of the massive market and economic collapse looming.
When I sold it (cos no-one was doing corporate entertainment which is where the money is) I had to almost give it away ! (£70K).
Oh well, life goes on !
Stan
Bought it at the end of the 80's to do corporate entertainment, RYA training courses etc and it paid its way well for a year. My crystal ball totally failed to tell me of the massive market and economic collapse looming.
When I sold it (cos no-one was doing corporate entertainment which is where the money is) I had to almost give it away ! (£70K).
Oh well, life goes on !
Stan
19 January 2006, 08:45 PM
#92
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and boat prices normailly stay about the same, you don't lose too much on them.
a £200k boat is still worth about the same years on as the same typre of boat has gone up in price if you wanted new again?
Phil
a £200k boat is still worth about the same years on as the same typre of boat has gone up in price if you wanted new again?
Phil
19 January 2006, 09:41 PM
#93
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94 Clio diesel - bought 4.8k wrote off, 3.2k paid out
95 Cinq Sporting - paid 6k, kept 6 years sold for £400
Mk2 Golf GTi - paid 1.7k - sold for £100
Corrado VR6 - paid 6k, sold 18 months later for 5.8k
Another Mk2 Gti - paid £500, sold for £300
Volvo 440 - paid 700, kept for 2 years, scrapped for £25!
Not too bad - £11k in 9 years or about £100 pcm - but could have owned some nicer cars if I'd chosen more wisely!
95 Cinq Sporting - paid 6k, kept 6 years sold for £400
Mk2 Golf GTi - paid 1.7k - sold for £100
Corrado VR6 - paid 6k, sold 18 months later for 5.8k
Another Mk2 Gti - paid £500, sold for £300
Volvo 440 - paid 700, kept for 2 years, scrapped for £25!
Not too bad - £11k in 9 years or about £100 pcm - but could have owned some nicer cars if I'd chosen more wisely!
19 January 2006, 09:50 PM
#94
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I had the 3rd customer STi type UK in the country. Hated it.
Sold it 6 months later and lost 6K...£1000 per month depreciation was not much less than I was earning at the time.
I am sure that if I had bought wisely back then I would probably be driving a £50 - £60K car right now. As it is I am back in a WRX SL (PPP'ed, Lowered, sat Nav, Bluetooth, Modded Brakes.
Jessuz, I feel another big loss coming on..
Sold it 6 months later and lost 6K...£1000 per month depreciation was not much less than I was earning at the time.
I am sure that if I had bought wisely back then I would probably be driving a £50 - £60K car right now. As it is I am back in a WRX SL (PPP'ed, Lowered, sat Nav, Bluetooth, Modded Brakes.
Jessuz, I feel another big loss coming on..
03 April 2006, 07:02 AM
#96
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not sure... you've not sold it yet!! lol
what do MY98 V4 R's sell for now.. £9k?
btw.. where did you find this thread from?
Phil
what do MY98 V4 R's sell for now.. £9k?
btw.. where did you find this thread from?
Phil
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