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Send an answer to a topic: Today we picked up the Midlife-Crisis-Porsche

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Gomsel

@Gomsel: I mean the Ford-action, 13-14 years before the 2009' "Abwrackprämie". Back in the mid-90ies, only Ford has made that. Opel and Fiat a bit, too, but there it was sometimes possible to save the old cars.

In 2009 it was founded and organized by the government. It was said, it should have been for the environment, but this was a lie. It was nothing more than a tax-money-paid subvention for the car-industry (and mostly for cheaper, smaller import-cars. Audi, Mercedes and Porsche didn't get anything of that). And Germany was not the only country, many European and other countries -the USA, too- had started similar actions.

Well, i understand. But to promote sales, the "swap plan" was also "promoted" by the government and the various brands that belong to Adefa. Of course my father would not change the Citroën for some "regional" waste (such as those named above)

chicomarx

That was a great opportunity. I bought Ford at $1,67 on probably the worst day of panic, now up 927%. I won't mention some of my banking stocks that went in the opposite direction :grin:

so a lot of that is canceled out.

It's not something I would typically buy though, I try to follow Warren Buffett's approach of stock analysis. (P/E under 15, P/S under 1.5, ROE over 25, high div) That will exclude car manufacturers, which are too price competitive. I haven't looked at Chrysler, but there you also have the dollar risk of course...

Raul1983

Quote From: chicomarx

(Actually that is the time to buy stocks. I hope you all bought Ford.)

Don't remind me of this :bombe:

It always hurts when I think about it. I had the chance to buy Ford stock for less than $2 a share. Somehow I forgot the thing / or was too lazy to buy. Currently the stock is $17 a share :sad:

I could have made an fortune.

I'm waiting for Chrysler to make IPO this year. But it wont be the same thing. Chrysler is doing quite good now.

ingo

@Gomsel: I mean the Ford-action, 13-14 years before the 2009' "Abwrackprämie". Back in the mid-90ies, only Ford has made that. Opel and Fiat a bit, too, but there it was sometimes possible to save the old cars.

In 2009 it was founded and organized by the government. It was said, it should have been for the environment, but this was a lie. It was nothing more than a tax-money-paid subvention for the car-industry (and mostly for cheaper, smaller import-cars. Audi, Mercedes and Porsche didn't get anything of that). And Germany was not the only country, many European and other countries -the USA, too- had started similar actions.

Gomsel

Ingo, here with the "Plan canje", are the same... thousands of classics are destroyed, to sell "new" cars "Narcosur", especially many Brazilian disposable garbage (Fiat Uno, VW Gol Power, Ford Fiesta, Chevrolet Astra, etc)

ingo

Quote From: chicomarx

(Actually that is the time to buy stocks. I hope you all bought Ford.)

No, never, no way! :bombe:

The Ford-bonds may increasing as hell, I don't care about that. I will not touch them, never!

You know, I'm always very longtime-unforgiving. :oh:

I hate Ford since the mid-90ies, when Ford Deutschland has created a kind of "Abwrackprämie", resp. "Cash for Clunkers". The used cars, they took for selling new Fords, were all crushed, without exceptions - and there were some nice classic among them.

No Ford-stocks in my portefeuille! No Ford-cars in my garage! I already have pointed out to my wife, that, if she would choose a Ford as her next car, I won't tolerate it in our garage.

Ddey65

Regarding the Plymouth station wagon in the background, that's clearly a 1968-70 Belvedere with aftermarket GTX logos on the sides.

chicomarx

I thought it was going to be more... Thanks. Yes I read about that overnight decision.

It's a nice car and a good investment perhaps. When the stockmarket crashes the alternatives are always art, oldtimers and gold.... (Actually that is the time to buy stocks. I hope you all bought Ford.)

ingo

It's not really expensive, it was around 1100 € (including the transport on train from California to Florida!). Plus a bit import-tax, handling-fee etc.

We'd been very lucky, the last decision of the Dutch government before Christmas (they go for us, too, as it was the first EU-country, the car was brought) hadn't hit us: since the 1.1.2011 the Dutch import-tax was lifted up from 6% to 19% of the car's value :sad:

The people, which cars are still on the transport, are pissed, understandable.

chicomarx

Can I ask a ballpark figure, not for the car but for shipment by that Dutch company? To have a general idea how much it costs to import a car from the USA.

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