Selling a dream car can lead to lasting regret because the emotional value and joy of ownership often outweigh the financial benefits of investing the money elsewhere; while financial security and investment returns are important, the personal fulfillment and happiness derived from owning a passion vehicle cannot be easily replaced or quantified, making the decision to sell a dream car a significant life trade-off that requires careful consideration of both emotional and financial factors.
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I Sold My Dream Car… Biggest Mistake of My LifeAdded:
Sometimes you make big mistakes in [music] life and you have huge regrets and there's nothing you can do about it but just eat it. [music] I got a brand new shirt. I got a stain on it already.
That's not what the regret is. The regret is that I had my dream [music] car.
1998, the last year of the air cooled 993 C2S. So much damn carbon fiber inside it [music] you couldn't even see out of it like an idiot. I went and sold it. [music] I can make excuses and say, "Well, I invested the money and I made more than what I lost on the car or vice versa or whatever, but I don't have that car."
And if you guys know 993s and you know about a C2S 98, low mileage, carbon exclusive package, X71 gauges, sport seats, turbo suspension, the list goes on and on. The car was a unicorn and it was being sold by Nathan Murs. Shout out to Nathan. You guys know Nathan. If [music] you type in Porsche 993 on YouTube, the videos that pop up are probably Nathan. He's probably one of the most knowledgeable Porsche enthusiasts out there. It also had his word behind the vehicle purchase, so it felt safe and secure, which it was. It was a great car. It's perfect.
And I sold it. I'll never get it back.
There's one of two things you can do when you fall down. You can stay down or you can get back, pick yourself up, get back on your feet and get back on bring a trailer and waste more money. So, that's what I'm doing. I'm going to bring a trailer right now. I'm bidding on a turbo 993, which is kind of a little bit of a Frankenstein.
It's not the best 993 out there, but guess [music] what? It's got the carbon package, which is cool. It's got a cool, unique interior color. It's not [music] a collector's car. It's a driver's car.
The engine's been out. They had an engine out. They went through the engine. I don't know they re I don't think they rebuilt the turbos. The thing's got 100,000 miles on it. High mileage. It's got some different things.
It's got a 996 steering wheel. It's got seats from a 964 that don't truly match the vehicle interior color. So, I got to ask myself, what am I willing to bid on this thing? [music] And is it even smart? I try to battle in my mind with how I felt when I had the 993 [music] and I made the decision to sell it. Definition of insanity is doing the same thing over and over and over inspecting different results and that's exactly what I'm doing. But this time it's a turbo. I don't know if that makes it any better.
I'm also bitten on a Carrera. [music] Regular Carrera. It's not a widebody though. If you go [music] back to being a kid, didn't you have dreams? Sometimes you got to dream big, but it's also not financially smart. Opportunity costs the money. Every dollar I use to purchase a vehicle, a dollar I could have used to invest for financial freedom. But at the same time, you get to a certain point where security and peace of mind is amazing and something that you can't really value until you don't have it.
It's very hard to put a number on the joy cars and vehicles bring if that's something you're into. Whatever your hobby is, might be on your deathbed. You might say, "Glad I saved that extra, whatever the number is." Or you might say, "Gosh, I wish I would have bought that damn 993. Let my hair down, blasted through the streets, free, taking a risk, valuing that, too." So, what's more valuable? I think that the peace of mind and the security and safety for your family and financial freedom and savings is more valuable because it doesn't seem that valuable till you don't have it. And then that's all you want. You don't care about the cars. You don't care about anything else. So I think at the end of the day, that's more valuable. But what's more fun? What's more fun? That's the real question.
Only you know.
Woo. So this is not financial advice.
Just keep that in mind. I'm a donkey with a tie on trying to figure out how to keep his head above water.
You make too many wrong moves, you end up in a bad spot. This could go hairy real quick. It could go from, I'm doing okay financially. I got a couple cool cars to I'm living behind the 7-Eleven and I don't even remember how to spell Porsche.
And I'm heading to Starbucks. I'm going to go see where this bid is at.
>> [music] [music] [music] >> All right, guys. I kind of dropped the ball. I shouldn't have went in that damn Starbucks with my laptop. So, I started out bidding on a 993 Turbo and the price got too high.
So, let me give you a little backstory.
About a year ago, I bought a 993 off of Bring a Trailer. It was a C2S 1998.
Probably one of the best specs you could have picked. When I got it, I realized I made a major mistake. I You guys have watched the channel long enough. You know I like to drive the cars and have fun with them and not be obsessive.
Well, I couldn't do that with that particular car. It was collector's grade. It was not a car I probably should have ever owned.
I didn't realize that until I had bought it. Also, it was a little bit too expensive. Every time I looked at it, I thought, gosh, this is a kid's college fund sitting here. But selling it was probably one of the biggest mistakes I ever made because I do regret it. But I always remind myself that I didn't want to drive it and that I couldn't really enjoy the car the way I wanted to. But I invested the money right after I sold the car. watched the channel, you know that looks like I'm blowing money like a fool, but I try to be somewhat strategic with the purchases. So, last time I bought the 993, that money, I didn't have that money originally. I had invested in some stocks that went up.
You guys watch the channel, if you go back long enough, you'll see probably about a year and a half ago, two years ago almost, I had that money was made in that money was made inside the stock account. Yes, you shouldn't sell it. you should let the money compound over time.
That's a smart thing to do. But with my little 911 fantasy, I'm trying to figure out a way to get the cars but not be a total fool.
So, I sold the 993. I invested that money. That money that I invested made me $121,000 in the market. So, I decided if I could find a 993 that was around that range, I was going to pull the trigger on it.
If you've watched the channel, you know I like driving these cars and I want to enjoy it. I have the original money from the 993, but I now I have a 993. Do you see what I'm saying? With the power of investing. So, I'm trying to justify it because at the same time, I feel sick to my stomach that my stock account's going to drop 100 grand, but and I'm going to have a new insurance payment.
This is the battle of being into cars.
It's bittersweet.
So you guys are going to see a new 993 on the channel here soon. So I appreciate everybody watching the channel. I'll see you guys in the next video.
All right. [music] This is light work. Come on. Spill the key.
All right.
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