Re: 944 Turbo S Prices

[John Karasaki <johkar@teleport.com>]

I didn't buy my car for that much $$.  I said I had RECEIPTS for almost
$80k.  The first/previous/only other owner layed out some serious cash on
this car.  Heck, it went to ABT after the first few months of ownership!

What I was trying to get across is that cars are money pits -- almost
without exception, whatever you spend on a car you won't get back (auction
cars and rebuilder's excluded of course).

YMMV.  Let's hope so anyway...


At 12:09 AM 7/10/98 -0400, you wrote:
>But I doubt John had $32K in cash for the car.  If he did, I hope he put
>down a little and invested the rest.
>
>7% is a feeble rate of return (although the near future doesn't look as
>bright as the near past (excluding last years tops-turveyness)).  I've
>averaged 22% per annum (including last year's dismal 5% safe harbor move)
>for the past 10 years with my 401k's.  And I'm not the investment genius I
>was in college either. <g>
>
>So let's up the 7% to 15% (still easily attainable over the past 18 years
>with a decent moderately aggressive growth-focused mutual fund).  The 32K
>would double three times to a quarter million dollars (32K - 64K - 128K -
>256K).  Yahoo!  You could afford the second place finisher in the Ultimate
>Quattro Contest with that money... <g>
>
>
>At 08:56 PM 7/9/1998 , you wrote:
>>If you put $32K down adjusted for today's dollars you would have one
>>heck of a nice car seeing as your money just about doubles every 10
>>years at 7% compounded annually and we are talking 16 years.
>>
>>So you ask, "what kind of car payment is that?"  This must be the
>>$64,000+ question.
>>
>
>
>Cheers,
>	Richard
>	88 90Q - <insert pithy witticism here>
>	88 Golf GTi - PRO Rally
>
>