Exploring High-Performance Daily Drivers/Depreciation
03-30-2024, 01:11 PM
#1
Newbie
Thread Starter
Join Date: Mar 2024
Posts: 1
Likes: 0
Received 0 Likes
on
0 Posts
C5 Corvette/Giulia Ti Sport
Exploring High-Performance Daily Drivers/Depreciation
Hey everyone,
This will be a lengthy post lol.. but i think all the info I need to say is important. I've been thinking over some decisions lately and thought this forum would be the perfect place to gather insights. Here's the situation:
I own a 2000 Corvette Manual C5 Convertible in Millennium Yellow, a cherished car from my father. With only 12k miles on the clock, it's more than just a car—it's a treasure trove of memories. Selling or trading this out of the question.
My daily driver, a 2017 Alfa Romeo Giulia Ti Sport with a performance package and jb4, has been a joy to own for the past four years. However, with its warranty set to expire next month, I find myself at a crossroads.
Here are my options:
After thorough research, I stumbled upon some eye-opening insights.
Consider this :
https://caredge.com/depreciation
The minimal cost difference between the two, despite the Porsche being more than double the initial price, is interesting. This led me to reevaluate my approach to budgetary constraints, placing more emphasis on depreciation when considering generally reliable cars.
Models that fit this and caught my eye:
So, here's the big question...Do you think transitioning to a specific AMG as my daily driver while retaining the C5 for those leisurely top-down cruises is a wise move? I always want to want to drive the c5. I don't want anything to make it obsolete.
Also interested in your thoughts on my approach to depreciation considerations. Does focusing on long-term depreciation make sense to you, or am I overlooking other important factors? I know things like insurance, maintenance, fuel, etc matter but if were talking about generally reliable cars, then it should be fairly equal. I dont wanna spend too much but that also means so much less if the car doesnt depreciate. Especially since I dont drive so much...ive been under 10k miles per year
Lastly, I recognize this is a AMG forum, I'm open to suggestions. Do you believe any of the cars on my list or off my list would be better suited for me given I have the c5 and my needs? If AMG, which models do you think would be best, years and trims?
Looking forward to hearing your insights and experiences.
This will be a lengthy post lol.. but i think all the info I need to say is important. I've been thinking over some decisions lately and thought this forum would be the perfect place to gather insights. Here's the situation:
I own a 2000 Corvette Manual C5 Convertible in Millennium Yellow, a cherished car from my father. With only 12k miles on the clock, it's more than just a car—it's a treasure trove of memories. Selling or trading this out of the question.
My daily driver, a 2017 Alfa Romeo Giulia Ti Sport with a performance package and jb4, has been a joy to own for the past four years. However, with its warranty set to expire next month, I find myself at a crossroads.
Here are my options:
- Do Nothing: Hope for the best and ride out any potential issues. While it's been smooth sailing lately, past experiences with a transfer case replacement and an exploding sunroof make me hesitant.
- Renew Extended Warranty: Despite the peace of mind, the idea of shelling out thousands for another warranty doesn't sit well with me, especially considering the possibility of losing interest in the car in the near future.
- Explore Used Alternatives: I'm leaning towards this. I'm in the market for something with better performance than my Giulia, but not necessarily brand new. Something that wont look old in a couple years, good resale value, and practicality for daily use are high on my list of priorities. I also like a car thats nimble/athletic..and not so much like a muscle car..Snow-friendliness would be a bonus, although not essential.
After thorough research, I stumbled upon some eye-opening insights.
Consider this :
https://caredge.com/depreciation
- A used 5-year-old Porsche 718, initially purchased for $70k, can sell for $52k after 5 years, costing $18k to drive during that period.
- Conversely, a used 5-year-old Giulia, bought for $30k, can only fetch $19k after 5 years, costing $11k to drive.
The minimal cost difference between the two, despite the Porsche being more than double the initial price, is interesting. This led me to reevaluate my approach to budgetary constraints, placing more emphasis on depreciation when considering generally reliable cars.
Models that fit this and caught my eye:
- AMG CLA45
- M2 Competition
- Giulia Quadrifoglio (this doesnt depreciate bad. Much better than the ti sport I have)
- 718 Cayman S/GTS
- 981 Cayman S
- C8 Corvette
- Porsche 911 Carrera Base/S/4S (991.2)
- BMW M4 CS (2019) / BMW M5 Competition (2018-2020)
- C63 S
- RS5
- Mercedes-AMG GT (2018-2019)
- R8 (2015-2018)
So, here's the big question...Do you think transitioning to a specific AMG as my daily driver while retaining the C5 for those leisurely top-down cruises is a wise move? I always want to want to drive the c5. I don't want anything to make it obsolete.
Also interested in your thoughts on my approach to depreciation considerations. Does focusing on long-term depreciation make sense to you, or am I overlooking other important factors? I know things like insurance, maintenance, fuel, etc matter but if were talking about generally reliable cars, then it should be fairly equal. I dont wanna spend too much but that also means so much less if the car doesnt depreciate. Especially since I dont drive so much...ive been under 10k miles per year
Lastly, I recognize this is a AMG forum, I'm open to suggestions. Do you believe any of the cars on my list or off my list would be better suited for me given I have the c5 and my needs? If AMG, which models do you think would be best, years and trims?
Looking forward to hearing your insights and experiences.
