by "awmaster10" (awmaster10)
Published 06/16/2017 at 13:02
by "awmaster10" (awmaster10)
Published 06/16/2017 at 13:02
Tags: porsche
; 911
; 993
; air cooled
STARS: 2
So we all know most cars are passed down as they age to poorer and poorer second third and fourth owners. Some cars however become classics, and then it all gets pretty weird.
Im not a huge classic car buff but an easy example would be a 993. The first owner was probably the typical new 911 buyer. You know, the guys you see driving around now in a 991 close to base model today. Pretty freaking wealthy, but like...attainable to doctors/lawyers/finance guys.
The second owner probably benefits from some depreciation, and picks up a nice 993 for quite a bit less. These are people like some of us, who have some change to spend on a really nice clean Porsche, but doesn’t want to eat a bunch of depreciation on a new car. This is the least wealthy owner, even though he spends only slightly under the MSRP. Still a lot of money.
BOOM, car appreciates back to MSRP when new
Second owner is giddy and sells it to a third owner, who is richer than the original owner by virtue that he paid the same amount for an old car he likely wont drive much.
Car appreciates well past MSRP.
Third owner sells it to the fourth owner, who is EVEN RICHER. Thats right, the FOURTH owner of this car just bought it for way over new car MSRP, and he probably will never touch it.
Fourth owner of a car the richest? Strange happenings.
On the complete opposite end of the spectrum, I hope to eventually be the third or fourth owner of a 996 turbo. I can assure you that I will NOT be the richest owner of that car.
Sorry for the weird post, just something I was thinking about while wasting time at work.
EDIT: Will be interesting to see the owner progression of the first Civic Type R. First owner is probably a multimillionaire if he can spend $200k on a $36k car. Second owner will pay no more than like $25k.
By the third owner itll probably have a salvage title and be stolen for parts.
"Textured Soy Protein" (texturedsoyprotein)
06/16/2017 at 13:05, STARS: 2
Makes sense except the 996 Turbo, GT3 and GT2 don’t have the same depreciation as other 996 variants, because they’re more desirable and because they don’t have the IMS bearing problems. They might not appreciate like other 911 generations but they hold their value pretty well.
"awmaster10" (awmaster10)
06/16/2017 at 13:07, STARS: 0
Got my eye on a turbo for that reason, and while I dont expect it to appreciate it definitely will still be a pricy car when im looking.
997 and 991 I have no clue how they will be in the marketplace now that the base models dont have a catastrophic reliability issue. And with all the crazy special editions, I wonder if thatll mean great deals on 997 carreras in the future.
"Saracen" (manualdoucheelitist)
06/16/2017 at 13:12, STARS: 2
Any 911 Turbo is going to appreciate now.
"bobbe17" (rob-runte)
06/16/2017 at 13:13, STARS: 1
I’m hoping for the same thing for myself but that hope may be fading. They got into the low 30's during the recession, but have since come up to the low 40's. It’ll be interesting to see where they go in the next 5 years and how far the 997s (base or turbo) will come down.
"awmaster10" (awmaster10)
06/16/2017 at 13:15, STARS: 0
Realistically the 996 and 997 turbos could keep going up (not as fast as 993) since the jump in size and design to 991 is drastic. 991s I dont have as much hope for as a collectors car, but who the hell knows in the classic car marketplace.
"CB" (jrcb)
06/16/2017 at 13:25, STARS: 0
You know, I think the naturally aspirated models will probably appreciate pretty well, too. In fifteen years, of course.
"Saracen" (manualdoucheelitist)
06/16/2017 at 13:48, STARS: 0
Every pre-991 naturally aspirated car is appreciating, with the exception of the base versions of the 996 (even the later model 996 C4S is holding value or appreciating slightly). There has recently been a jump in values of 997.2's. 997.1 values are climbing too, but not as quickly since a lot more were built and the silly IMSB worries are still a thing.
"Saracen" (manualdoucheelitist)
06/16/2017 at 13:49, STARS: 0
As I’ve said before, bore scoring is a far bigger worry for the M96/M97 engines than the IMS bearing, which is an easy fix to address for the lifetime of the engine.
Bore scoring also affects the 997.2-up DFI engines.
"Future next gen S2000 owner" (future-next-gen-s2000-owner)
06/16/2017 at 14:27, STARS: 1
996's are at the bottom of their curve now. I don’t see them getting into the twenties. Maybe high twenties but I think the low thirties is the bottom line for that car.
"davesaddiction @ opposite-lock.com" (davesaddiction)
06/16/2017 at 14:40, STARS: 0
Where did 993s bottom out?
"awmaster10" (awmaster10)
06/16/2017 at 14:50, STARS: 0
https://www.pistonheads.com/gassing/topic.asp?h=0&f=48&t=189767
Not sure but I found this thread from 05 where guys were speculating around $20k which is unheard of now. Turbos are like 100k+ and non turbos are still like $60k
"davesaddiction @ opposite-lock.com" (davesaddiction)
06/16/2017 at 17:23, STARS: 1
I wonder if lower mile ones ever dropped below $40k.
"Berang" (berang)
06/16/2017 at 20:01, STARS: 0
Of course in the longer run it depends. The classic bubble of the 80s burst and lots of collectibles fell drastically in value during the 90s. Not to slump-value levels, but still to the point where some cars which had become unobtainable for normal people became obtainable again.
Collector value is largely driven by fads. Right now VW Microbuses have reached ridiculous prices - but I suspect the peak is right around the corner, if it hasn’t already been reached. In ten years? Probably won’t have appreciated much if any past current values.
"RT" (rt-p)
06/20/2017 at 13:12, STARS: 0
It’s in UK money, though and adjusted for inflation it was worth more like $40-50k according to their speculation in 2005.