current 993 turbo s values
04-08-2011, 10:09 AM
#48
Track Day
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In Response to No HTwoO, I think what SSTAR meant in the quote above is that he bought his low mileage car at a price near the asking price of the 18000 mi car I was looking at, at the very start of this thread.
That means his car is probably a good deal, and perhaps the 18000 mi car I was looking at might be a bit overpriced. Thanks for the input guys.
That means his car is probably a good deal, and perhaps the 18000 mi car I was looking at might be a bit overpriced. Thanks for the input guys.
04-08-2011, 10:25 AM
#49
Burning Brakes
In Response to No HTwoO, I think what SSTAR meant in the quote above is that he bought his low mileage car at a price near the asking price of the 18000 mi car I was looking at, at the very start of this thread.
That means his car is probably a good deal, and perhaps the 18000 mi car I was looking at might be a bit overpriced. Thanks for the input guys.
That means his car is probably a good deal, and perhaps the 18000 mi car I was looking at might be a bit overpriced. Thanks for the input guys.
04-08-2011, 02:55 PM
#51
In Response to No HTwoO, I think what SSTAR meant in the quote above is that he bought his low mileage car at a price near the asking price of the 18000 mi car I was looking at, at the very start of this thread.
That means his car is probably a good deal, and perhaps the 18000 mi car I was looking at might be a bit overpriced. Thanks for the input guys.
That means his car is probably a good deal, and perhaps the 18000 mi car I was looking at might be a bit overpriced. Thanks for the input guys.
04-08-2011, 04:56 PM
#52
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In Response to No HTwoO, I think what SSTAR meant in the quote above is that he bought his low mileage car at a price near the asking price of the 18000 mi car I was looking at, at the very start of this thread.
That means his car is probably a good deal, and perhaps the 18000 mi car I was looking at might be a bit overpriced. Thanks for the input guys.
That means his car is probably a good deal, and perhaps the 18000 mi car I was looking at might be a bit overpriced. Thanks for the input guys.
04-09-2011, 02:00 PM
#53
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East Coast dealer asking price on a 19,000 mile example is $165.,000.
West Coast Private Party is approx. $140,000.
As the advertisement says, driving the thing is priceless.
West Coast Private Party is approx. $140,000.
As the advertisement says, driving the thing is priceless.
04-10-2011, 12:03 PM
#54
Race Director
I don't know what rarity brings in terms of price? My Ruf BTR-2 is may be one of under 10 in the entire world. The ONLY one with the one-off gold package and Alois's autograph. It has every Ruf bit on it save for the green gauges. Yet there are NO buyers for my car, no matter how low the price goes. 
CP
CP
04-01-2016, 05:13 PM
#55
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bumping this thread for sh@# and giggles
I can't believe I passed on a regular turbo for $60K around four years ago. That same car is up for sale today for $240K. Also passed up on a GT2RS for $200K, now they're asking $650K.
When is this crazy bubble going to burst already?
I can't believe I passed on a regular turbo for $60K around four years ago. That same car is up for sale today for $240K. Also passed up on a GT2RS for $200K, now they're asking $650K.
When is this crazy bubble going to burst already?
04-02-2016, 02:00 PM
#56
Rennlist Member
bumping this thread for sh@# and giggles
I can't believe I passed on a regular turbo for $60K around four years ago. That same car is up for sale today for $240K. Also passed up on a GT2RS for $200K, now they're asking $650K.
When is this crazy bubble going to burst already?
I can't believe I passed on a regular turbo for $60K around four years ago. That same car is up for sale today for $240K. Also passed up on a GT2RS for $200K, now they're asking $650K.
When is this crazy bubble going to burst already?
Painful isn't it.
04-04-2016, 09:59 AM
#57
Burning Brakes
Those bridges are still there if you're interested ... : )
Anyway, I thought that was a pretty good joke and I don't mean to turn this into yet another polarized left-and-right with both being certain of absolutes.
If you're happy with those numbers, run them by your tax accountant and see if he can keep a straight face for a full minute. : ) At best, you can borrow money for 5%. And the USD has plummeted in value in the last five years, by any measure you choose, the purchasing power of the dollar has been castrated. If you've got more cash tied up in something and it's tied to the USD, you've lost more. Some would say it's the relative numerical performance of the price tag and that's fine. It's "head in the clouds" rationalization of owning a car (I don't count myself immune to that behavior ... every second 911 I buy, I seem to take a bath on resale value) but it's just a rationalization, it's not a financially sound calculation.
There is no monetary expression of the perceived value of owning the car you want to own. We would none of us be here if this was the "fiscally responsible Porsche owners forum." : )
But if we can agree that a very nice Turbo is under $80K today and dealers are advertising at $160K for a Turbo S, I see that as a 100% premium today. The topic is, after all, current 993 Turbo S values and I think it's impossible to compare a Turbo with Turbo S -- that's just never going to be an apples to apples comparison. By that I mean, for example, that if you took two identical cars, one Turbo, one Turbo S and made a comparison, anything that made the car more valuable in real terms (lower mileage, fewer owners, better mechanical or cosmetic condition) would tend to accentuate the value of the Turbo S, and vice versa. Conversely, anything that favored the value of the Turbo S relies upon the buyer maintaining that value -- so it has to be treated more as a collectible and less as a car, while anything that favors the price advantage of the Turbo (higher mileage, lower points score on mechanical or cosmetic condition) allows it to be driven with less impact on value -- so it is treated more as a Porsche 993 Turbo and less as a collectible objet d'art or for the concours crowd. No walk of life is more or less than the other, just not apples to apples.
Anyway, I thought that was a pretty good joke and I don't mean to turn this into yet another polarized left-and-right with both being certain of absolutes.
If you're happy with those numbers, run them by your tax accountant and see if he can keep a straight face for a full minute. : ) At best, you can borrow money for 5%. And the USD has plummeted in value in the last five years, by any measure you choose, the purchasing power of the dollar has been castrated. If you've got more cash tied up in something and it's tied to the USD, you've lost more. Some would say it's the relative numerical performance of the price tag and that's fine. It's "head in the clouds" rationalization of owning a car (I don't count myself immune to that behavior ... every second 911 I buy, I seem to take a bath on resale value) but it's just a rationalization, it's not a financially sound calculation.
There is no monetary expression of the perceived value of owning the car you want to own. We would none of us be here if this was the "fiscally responsible Porsche owners forum." : )
But if we can agree that a very nice Turbo is under $80K today and dealers are advertising at $160K for a Turbo S, I see that as a 100% premium today. The topic is, after all, current 993 Turbo S values and I think it's impossible to compare a Turbo with Turbo S -- that's just never going to be an apples to apples comparison. By that I mean, for example, that if you took two identical cars, one Turbo, one Turbo S and made a comparison, anything that made the car more valuable in real terms (lower mileage, fewer owners, better mechanical or cosmetic condition) would tend to accentuate the value of the Turbo S, and vice versa. Conversely, anything that favored the value of the Turbo S relies upon the buyer maintaining that value -- so it has to be treated more as a collectible and less as a car, while anything that favors the price advantage of the Turbo (higher mileage, lower points score on mechanical or cosmetic condition) allows it to be driven with less impact on value -- so it is treated more as a Porsche 993 Turbo and less as a collectible objet d'art or for the concours crowd. No walk of life is more or less than the other, just not apples to apples.
04-06-2016, 05:10 PM
#58
Three Wheelin'
I sold my 96 TT in 2010 for $65,000 that I paid $50 for in 2008. I then used to money to buy my Turbo S for $81,000. At last I finally had a Turbo S. I then went on to buy another at the Mecum sale in Monterey in 2013. Yes, I still have them and a 98 speed yellow C4s. Wish I still had my 96 Turbo. Oh well, can't win them all.
04-07-2016, 12:16 PM
#59
unless you intend to keep it as a museum piece and maybe maybe maybe an investment, I don't see the point of buying an S.
Sure you get a few goodies here and there including the vented fenders, but the value proposition vs. what you get with a standard turbo just isn't there for me.
sure, I'd like an S, but I wouldn't spend 80k more than an 18k mile turbo to get one.
Sure you get a few goodies here and there including the vented fenders, but the value proposition vs. what you get with a standard turbo just isn't there for me.
sure, I'd like an S, but I wouldn't spend 80k more than an 18k mile turbo to get one.
2009 cars like tke the CGT and 959 were trading for around $350K to $450K. But 5 or 6 years on both cars can be found trading $1M. And to think I was saving up to buy a 959 years ago. But now that will be an impossibility. Now I will focus on Concourse cars such as a Buick GNX and an AC ACE Bristol, the car that would eventually become the AC Cobra.
06-27-2016, 02:20 AM
#60
Addict
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bumping this thread for sh@# and giggles I can't believe I passed on a regular turbo for $60K around four years ago. That same car is up for sale today for $240K. Also passed up on a GT2RS for $200K, now they're asking $650K. When is this crazy bubble going to burst already?