by Gunnar Heinrich ::: img Rolls-Royce ::: Rolls-Royce Phantom Drophead Coupé
LET’S see… I was never very good at math. Original price tag on a M.Y. 2010 Rolls-Royce Phantom Drophead Coupé (with teak deck option) $495,000. OK. Now, we’re just in the first third of 2012 and with, let’s say, 7,000 miles on the clock the Rolls’ buy-it-now price on eBay is $329,500. OK. So, we subtract $495,000 – no – wait $329,500 from $495,000 (that’s right) and we’re left with a difference of $165,500 or $11,000 shy of a US Senator’s annual pay. Then, we take 95% of Senator McCain’s gross salary from last year and divide that figure by the mileage (7,000) and we get 23.5714286. Let’s call it 23.60.
So, for every mile the first owner drove his cherry Rolls-Royce Phantom Drophead Coupé, the Royce convertible lost $23.60 in value. That’s like paying for a quarter tank of gas for every mile traveled. Or to put it another way – if you wanted to take a brief jaunt from Fort Lauderdale to Miami, those 27 miles will knock $649 off your Rolls’ value. To say nothing of having to pay for gas, insurance, and for some guy on the street to watch it for you while you’re inside the restaurant.
Breathtaking depreciation. Or is it?
Let’s say you wanted to take to the open seas in high style but wanted to do it to a price. So, you go yacht shopping and find a 60 foot Hatteras from 2004 with 2,465 hours for $1.475 million. Now, if that’s just out of your price range, you could opt for a 2002 63 foot Hatteras with similar engine time for $1.15 million. By opting for the Hatteras that’s just two years older you could use the money that’s left to buy a lovely 2010 Rolls-Royce Phantom Drophead Coupé – or two senators. Whichever.
You see – it’s all just a matter of making the numbers work.