What's wrong with this car given the price?
12-10-2016, 10:28 AM
#3
An 80k mile car in my least favorite color with no mention of service history from a place I've never heard of with a $109k ask.......meh
Nice to see cars in this price range though
Nice to see cars in this price range though
12-10-2016, 11:02 AM
#4
I honestly think this is a pretty fair deal. With these cars, right now especially, you are buying at a time that is a dip in the market. Even if you have to do a rebuild a year or two down the line, the price is fair, buy the nicest lowest mile car that you can afford in the color you like. Once the spring and summer markets hit, the prices are going to shoot up again and probably not come back down to these levels again. You will be in an equity position even if you have to do some work to the car.
Thats my advice/opinion.
Thats my advice/opinion.
12-13-2016, 04:13 PM
#6
Burning Brakes
I honestly think this is a pretty fair deal. With these cars, right now especially, you are buying at a time that is a dip in the market.
Once the spring and summer markets hit, the prices are going to shoot up again and probably not come back down to these levels again. You will be in an equity position even if you have to do some work to the car.
Thats my advice/opinion.
Once the spring and summer markets hit, the prices are going to shoot up again and probably not come back down to these levels again. You will be in an equity position even if you have to do some work to the car.
Thats my advice/opinion.
Your reference to spring is pure speculation.. they may move, and then they not do much at all. Should be interesting.
12-13-2016, 06:51 PM
#7
The market has been in a dip for awhile.. quite a bit of inventory about and a lot have been just sitting.. and many think, "what's worn with this car." In many cases its just the inflated price that's wrong.
Your reference to spring is pure speculation.. they may move, and then they not do much at all. Should be interesting.
Your reference to spring is pure speculation.. they may move, and then they not do much at all. Should be interesting.
I believe this so much to be true that I just bought a second 993 turbo to sell in the spring summer of 2017.
Look at every classic exotic car, many that don't measure up in exclusivity or innovation to a 993 turbo and the appreciation curves are almost the same on all of the cars. All we are experiencing is a wave of people cashing out on their cars, which makes more cars in the market which dips the prices. The real gains will be when the inventory of the cars for sale dries up. Which tends to happen when prices dip.
The prices should just about double the high point in 2015 in the next 3 years obviously the cars with lower miles demanding the highest dollar amounts.
(you can check valuation curves and graphs on Hagerty for free) I use a paid service for my work.
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12-13-2016, 07:02 PM
#8
is the same as in the Stock Market, some people believe that and buy on the High Price curve, just to see how wrong and foolish they were
The Intelligent Investor buy before the Hype starts not when the train is in full speed
btw I sold last week my 993 TT for 179k € and I don't care where price will go down the way, because I have a very good feeling like when I sold my Cysco in April 2000
just my 0,02 cents
The Intelligent Investor buy before the Hype starts not when the train is in full speed
btw I sold last week my 993 TT for 179k € and I don't care where price will go down the way, because I have a very good feeling like when I sold my Cysco in April 2000
just my 0,02 cents
12-14-2016, 11:48 AM
#9
Its a message board. Everyone is entitled to their own opinion. Thats why we all discuss and post here.
I feel we haven't seen the high side of the prices for 993 TT's not even close to it, but what do I know, I just do this for a living. My comments are opinion of course, but backed up by fact and cycles just like you said mausone46 in the stock market.
If someone wants to take the time and look at a graph of the S&P, Price of gold, and the Nasdaq, overlaid with the pricing curve of 993 turbos, tell me if anyone sees some similarity. As these indexes increase over time, these limited commodities (which is what they are) will increase and outperform those indexes, because there isnt a steady supply of cars being put into the market like there is with gold, oil, stock shares, etc which all have supply being put into the marketplace.
If people don't like my "opinion" or share different opinions then that's completely fine with me.
I feel we haven't seen the high side of the prices for 993 TT's not even close to it, but what do I know, I just do this for a living. My comments are opinion of course, but backed up by fact and cycles just like you said mausone46 in the stock market.
If someone wants to take the time and look at a graph of the S&P, Price of gold, and the Nasdaq, overlaid with the pricing curve of 993 turbos, tell me if anyone sees some similarity. As these indexes increase over time, these limited commodities (which is what they are) will increase and outperform those indexes, because there isnt a steady supply of cars being put into the market like there is with gold, oil, stock shares, etc which all have supply being put into the marketplace.
If people don't like my "opinion" or share different opinions then that's completely fine with me.
12-15-2016, 04:19 AM
#11
These cars will always appreciate in value. Just be prepared for a dip in the market every now and then. I can see them loose 20-30% short term and then appreciate past previous high values.
Just have to be in a position where you never have to sell in slow economic times.
Just have to be in a position where you never have to sell in slow economic times.
12-15-2016, 11:03 PM
#12
Rennlist Member
But, looking at a numerical bank statement is somewhat unfulfilling in comparison to ownership, IMHO.
Happy Holidays!
.
12-16-2016, 01:27 AM
#13
Three Wheelin'
For 100k I would say great buy as long as leak down and PPI comes back okay. Not the most desirable color combo but could be worse for sure. Buy it!
12-20-2016, 01:20 PM
#14
These cars will always appreciate in value. Just be prepared for a dip in the market every now and then. I can see them loose 20-30% short term and then appreciate past previous high values.
Just have to be in a position where you never have to sell in slow economic times.
Just have to be in a position where you never have to sell in slow economic times.
