Variety is the Spice of Life


Variety is the Spice of Life

and other thrilling stories pertaining to the Depreciation Curve

"Variety is the spice of life" 

a cliche to be sure but an axiom that I have found to be so true in nearly every area of my life. I came up in the Volkswagen and Audi scene back when auto cross, VR swaps and function over form was the name of the game. I have always had a soft spot for those cars, however, I would be lying if I said that Lotus Esprit V8tt's, R32 Skylines, Porsches, Maseratis and cars we were deprived of here in the US market, weren't my primary source of auto lust. It's kind of the tuner dark side if you will. Everyone talks about it, few visit.

Two cars I never thought I would own, let alone at the SAME time.

I am hoping I can change that. To do so, let me tell you the story of my journey in hopes that you may find some common ground and in turn, maybe take that leap that you have been long considering.  The year; 2004. I had just purchased my long dreamed of Audi S4 (B5). It had a manual transmission 2.7tt, Santorin Blue. Perfection. I waited until the cars had lost a good bit of their value and got a pretty good deal on my car. It was a 2001, no ESP car (as I planned to make ungodly power and who needed the nannies any way?). I promptly spent what I paid for the car again just on the drivetrain. Big dollars. HUGE. The car was super fast. Like, REALLY fast. I had several other fast cars in the fleet at the time and had friends with big money cars, think 993 tt stage 2 and Gallardo, and it was faster than both. Then it broke. I fixed it. Then it broke again. I fixed it again. Pretty soon I was looking at the heavily grievous math and I realized, I could pretty much have any car. Like, ANY. CAR. That was it. It was my jumping off point and since then I have been blessed to own nearly everything and have actually MADE money on most when it was time to move on. Now while I know SOME of us are in this for the build. In this for the connection and building our own personal dream car, sleeper or track day beast. If that's you, I am not saying you shouldn't do that, I AM saying you can supplement that with what I am about to share with you. 

Step one: Understand the depreciation curve. Understanding depreciation has been amazing for me. I have managed to strike some home runs over the years and have maintained the "everything is forsake" mantra. There are some really, and I mean REALLY exciting cars out there right now that are at or near the very bottom of their depreciation curve and they are serious performers. 

- 2006 Aston Martin V8 Vantage On the for real this is one of the most beautiful truly sexy cars ever penned. Anyone who disputes this needs new eyes. You can currently get a fairly good one for the price of a a loaded Accord. These are fairly reliable and with depreciation comes better aftermarket maintenance alternatives. These will appreciate at some point and for the price of admission don't you want to play Bond on the weekend? Walther PPK not included.
- 2006 Maserati GranSport Buying this car was one of the best decisions I ever made. I laugh every time I drive it. It is one of the truly underrated most complete coupes of all time. It shares a dry sump F136 with the F430 (they have different cranks), but this one actually sounds better. Seriously. This thing is fantastic. Balanced and blueprinted engine hand built at Ferrari.  Every aspect of the car refined for this run out model. Misinformation and Maserati's reputation has kept prices ludicrously low. The diff is as locked and rowdy as you would hope, short gear ratios, exhaust pops. All of it . Buy it. Enjoy it. It will never be worth less than right now. E
- 2007 Maserati Quattroporte Automatica Depreciation and the early horribly tuned f1 auto manual gearbox has relegated these cars to full on worthless status. I paid less than 10 % of sticker for mine. It had 48k miles on it. The engine is worth what I paid. These actually do have some foibles you should be concerned about but do your homework and ride the slide like a "devil may care" hooligan and enjoy the full on hallelujah chorus coming from the tailpipes and I guarantee when you are ready to sell it one of your pals will pay you more just to have the opportunity to flog this beast when you're done. I was recently surprised to see that tires for the rear 20x11 inch wheels were actually pretty cheap. YAY. 
while nowhere near as refined and developed as the GS this car can be had for a song!

- 2003 Mercedes CL500, 55, 600, 65 Aluminum and composite construction. Ultra over engineered pillar less coupe. Sophisticated hydraulic suspension (easily converted to coil over for the weak hearted) twin turbo V12's make stupid torque, early NA V12 share heritage with the ZONDA. Very rare, very cool. The lovely profile of this car echoes the C pillar creativity of a bygone era and this car truly has presence and pomp and circumstance that lowlier Benz's can't quite muster.
My Oldest son Ethan understands the depreciation curve and feels like a KING piloting this 60k mile CL.

- Lotus Esprit Turbo iconic exotic that is far better and more reliable than era road tests suggested. Actually quick even by today's standards. Reliable and extremely rare. Some years there were less than 100 produced and sold worldwide. 
Breathtaking, right?

- Porsche 996 (all of them) maligned for ugly lights and IMS bearings... don't believe the hype. 3.6l engines are near faultless these cars are built to be beat on at track days and have components far stronger than most performance cars. GREAT value and performance for the money. 996 twin turbos are still silly cheap and can be built to be completely mental. 

Now, the above list I have left purposely European and Sports car specific, depreciation curve is a thing with all cars but I want to speak to the above in that the perceived value, rarity, performance and uniqueness of these cars is fairly superlative. ALL of them are cars that are stand outs and very unique. All of them have pretty much bottomed out. All of them are yours for a fraction, some less than 10% of original purchase price, and ALL are from personal experience far less scary than Internet forum trolls would have you believe.

Every car is on a journey. From the day it is built (with very few exceptions) every car will meet some depreciation. On my list above Some cars had window stickers of $180,000 . Miles and maintenance dependent some can be had for $5,000. The most expensive stretches into the $40s. What is interesting to me is that compared to the hot hatches and tuner cars I was building, nearly ALL if not all of my maintenance or mod costs were LOWER on the cars listed above. Exhaust for the QP was $900 delivered. Brakes for my V8tt esprit were cheaper than for my 06 GTI. Timing belt kit for the Lotus was $300 bucks. 996? Bro, I'm 10k miles in and had to change a headlight switch and tires. That's it. 

Step two: Understanding that what goes down eventually goes back up. The greatest secret about cars like this is that if you get it at just the right time you can drive it, not only for free but for profit! That's right. Subsidize your Mk2 Gti build, your S14 Silvia drift monster all while rolling in a 996. I have had particularly good luck finding Porsche 928s and 944 turbos, making them great again, driving and enjoying them and then selling them on for a profit.  I kid you not. It works. I have convinced several friends into this lifestyle and not one regrets it. Don from IA recently added a 996 911 to his fleet and literally called me and said, "I went 50 miles out of my way just because I enjoy driving this thing so much". I am not saying you could turn this into a business, though I have at different times in my life, I am just saying there is a way to read the tea leaves. Find cars you love, that you know and understand, make it your job to know and understand the market and the strengths and weaknesses of each and the scary melts away.

Interesting and rare cars like this are kind of my Jam. If they aren't your cup of tea, I completely get that. The FD RX7, CRX's, R32 and R33 Skylines, you can find bargains there on those and ALL are going through the roof. Resisting the urge to spend all the value away on mods may be a tad harder. On the slightly more extravagant side, Gallardos, Ferrari 360s and Vanquishes are also nearing rock bottom and will gain market value. Murcielagos too are near the bottom. The curve exists for all cars. I am merely here to plant the enthusiast seed of depreciation curve wisdom.  If this kind of this IS YOUR cup of tea and you have questions most of these cars have fantastic and very dedicated Facebook and forum pages where you can research ownership prior to taking the plunge. I can be reached directly on my IG or YouTube channel. So that car you had plastered on your wall or as a 1/18 scale model, get it. Drive it. Sell it, repeat. Now, if you'll excuse me I am off to Ebay to find my perfect 1990 Bentley Type R. 

-Cheers, Tim