ok so a long-termed asset invest on car, was not aware of that (I usually invest max 3 years into a car as of the nature of that asset) - how old is this car and will there be any money back when sold realistically? (Car as asset value is usually going down pretty fast as long it is not a well known and working oldtimer or car from a true celeb where value could increase).
Glad to hear profits been made from Conf3rence - fingers crossed then.
Not sure what you been by "those articles" though.
These cars aren't like the cars we drive and holds its value over time. They're more devalued over use which is why we only drive it during select races. It doesn't train or do anything unnecessary. I'd say it can be sold for approx $100k if we sell it let's say a few years. It's needed for WRC which are the Olympics of car racing but not for smaller rallies. We had two cars for a while and one was sold. The hardest part is selecting the races. We get the most out of Monaco and CER (the one coming up).
ok - understood but Olympics of car racing ist only Formula 1, even other smaller series are more covered in public, even what the US calls Indy Car series more popular why ever - WRC is just Rally sports - really do not know anybody that watches this - and local TV not showing any races at all (was happening in the 80ies when I German "Röhrl" was World Champion).
But get your point, no worries - will stop complaining. Maybe other countries are different and if we get money out of it all good.
Yeah they're different sports - rally, NASCAR, F1, etc.
Thanks for confirming - the car is just for branding I know and it is cheap compared to real racing and you might have good results with it all good - but still I am happy when that car is sold.
And again, I appreciate what you do in total - as I read from comments many wanna just support and tell their views. So streamline spendings to focus on areas we might benefit from.