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

 

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

 

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!

 

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..

 

bought a 98 v4 sti type r a little over 2 years ago looking at a loss of 3k if i sell on tuesday is that ok or what...

 

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