I had a couple of friends buy cars at the same time - one bought a new Subaru, and the other a used 997 Porsche 911. The 911 cost more, but not a large difference in price. In that part of the world, the Subaru (and almost all new cars) loses 40% in the first year in depreciation, and continues to drop off at 10% - 15% per year. The 911 has more expensive maintenance and insurance, but has so far, and could easily continue to be depreciation-proof. The difference in fuel is less than you might think too given how much lighter (and risky in crashes) older smaller cars are. So far the 911 has turned out to be by far the more sensible financial decision. Obviously there are much more financially-prudent alternatives to both, but I find it interesting how older interesting cars are looked at as frivolous purchases, but new utilitarian cars aren't.
Your comment was presumably talking about new or expensive 911s, and I don't want to criticise what you said at all. I just wanted to say something to hopefully encourage some people to consider sillier, more-fun cars as perhaps not a crazy option.
There are a million practicality reasons why this wont work out for most people, but a lot of families have two cars. I really like seeing the 2nd car being something in that realm of interesting but nearly as reliable, costs more in maintenance but less in depreciation, less practical but more enjoyable. It feels to me like that has gotten less common, and a lot of people think every vehicle needs to be as practical as possible.
But I’m also a new Maserati owner and your Subaru friend is doing rookie depreciation numbers above…
1) https://www.stuff.co.nz/motoring/news/89145417/new-zealand-h...
This is an old study which points to New Zealand having quick depreciation in the first year. Looking around briefly, I think depreciation reduced substantially since COVID, and I think those numbers in that study may have been too high anyway (the study found over 50% in the first year). I'm interested in what happened, so I'll try and find what the reality is when I get a chance.