800-mile 2008 RS4

[MDIRADS]

Sold for $80,000 yesterday at Harrisburg

https://www.mecum.com/lots/1125774/2008-audi-rs4/?aa_id=613035-0

[RAudi Driver]

Someone buys a car, stores it for 16 years and sells it for less than the price paid. The cost to store that car for that long is a bad investment.

[fafaforza]

Not necessarily. $80,000 2008 dollars would be worth just under $53,000 today.

You could argue you could have invested it, put it in high yield savings, but interest rates only went up past few years, and you can easily lose in the stock market. They probably expected more, but still didn't lose money. I would have preferred to have driven the wheels off it though, and still sell it for $40k.

[feelgood]

Don't forget that Mecum hits the seller for 10% and the buyer for 10%..... so the seller only pocketed 72k and it cost the buyer 88k. IMHO it would have done better on BaT.

[RAudi Driver]

Not necessarily. $80,000 2008 dollars would be worth just under $53,000 today.

You could argue you could have invested it, put it in high yield savings, but interest rates only went up past few years, and you can easily lose in the stock market. They probably expected more, but still didn't lose money. I would have preferred to have driven the wheels off it though, and still sell it for $40k.

Your logic is backwards. The $80,000 he parted with in 2008 came back to him in 2024 with the buying power of $54k. He lost his ass and I can't see it any other way. To just break even on that sale, he would have need to get $1,46 for every dollar he put into that car. He would need a sale price of about $116,800.

Rising interest rates are good for peeps with money to invest.