techweenie

Always happy to be disagreed with to be agreed with.

"02996ttx50

me too...?! i think lol.

race911

That was something like Cris Huergas R Gruppe poster car, the '69S, he found and pitched to me circa 1990 as he didn't really have $4K to spend on another 911. But that car would have taken, minimally, $10K at retail to make it an $8K car. My cousin painted it in his dad's garage, and I'll bet that's still the paint that's on the car.

Saw a 356 Speedster yesterday. Pretty rough. Typical of what any number of my customers were getting out of in the '80s. Could have had my pick of several for $5-6-7K. Again, $10K in paint/sublet + my sweat equity to end up with a $12K car.

Back to the topic. I buy cars to drive. The R Turbo conversion car has 50% more miles in the last two years, than when I bought it. And it's sat for about a total of six of those 27 months. I changed the oil prior to this year's Phoenix trip two months ago; I noticed today I'm 4500 miles in. If the car is worth X less on my watch due to driving the thing, well, I'll put that price on having a good time.

911mhawk

My thoughts exactly on driving these cars. I figure if they do really take off in value 10-20 years from now, I'll still have one of the better maintained ones out there. That way I can keep driving it and it would still hold good value. Look at 930's going for $100k with 100k miles.

"02996ttx50

i'd sure like to live to see these rise in value as some other models have. though any increase in value would have to be spent on retouching all the tiny stuff that needs attention. i.e. how can you drive these for ( lets say ) 150k miles and not have at least some bolster wear..and the list goes on. also wear is one thing, while tear, quite another

suppose it will come down ( once again ) to the difference btw garage queens and drivers. still i think anything over 100k miles isn;t ever going up, no mater how well maintained.

ANJ-911

I think that the 996 turbo value will increase, but even if the value increases 100% in the next 10 years to a typical selling price of 90-100K for the nice ones, which would be a wild increase IMO, I still don't think a 996 turbo is best place to put your money for a financial investment.

Say you buy a minty low mileage rare color well optioned example for 50K (Which would be a great price for a truly nice one). Here's a high level breakdown on the investment based on low end costs of ownership (based on my experience, YMMV).

Sales tax: ~$3,000
Registration: ~$100/year = $1,000
Yearly Tax: ~$600/year = $6,000
Insurance: ~$600/year = $6,000
Maintenance: ~$1,000/year = $10,000
Total Costs: ~$26,000

Sale price of $100,000 for a net gain of $24,000.

This is based on a low/fair current purchase price, high resale value and pretty low yearly costs, and that's only a return of about 4% per year which is pretty easy to get elsewhere with likely less risk, less work, and more liquidity, therefore not a great financial investment IMO. The formula gets more complicated when you factor in how much you value ownership. If you enjoy driving the car and owning it enough, it could be considered a great investment if you breaking even or even lose a little money, albeit not the most sound financial investment.

Saoirse32

What about convertible vs coupe? One "better" than the other?.

ScottKelly911

Nobody wants a convertible. They are what the Targa's were for longhood and impact bumper year 911's as they began to heat up. Look at the current prices, they're often lower than the price of coupes even though they cost considerably more than coupes when new. Many of the Convertibles also had the Tiptronic transmission which certainly doesn't help their resale any. You can find Tiprtronic 996TT's as low as $29-35k which is really saying something!

"02996ttx50

oh, you can find some very decent coupes in the 20's don't kid yourself. the value on these has and still is decimated and unfairly diminished..and its not because of anything I've ever said either lol

i think it will be YEARS before "the 1st of the water cooled' cars get to where 993 and 930s have. if ever!! but i remain hopeful as it would be nice to see a car appreciate for once. i tend not to hang onto them but this one has been and still is a blast to mod!

whoops! there goes that value again lol

Freddie Two Bs

Decent coupes in the 20s? I doubt it...

Even the non-turbo 996s are pushing against the top of the 20s!

Shadetree930

Maybe with a salvage title, 150k on the clock , 23 owners and no maintenance records.

I guess there are many interpretations of the word decent. In my dictionary, the decent 6 spd coupes are now +$50k all day long.

Drinaldis

Maintenance ~ $1000/year for 10 years?

I'd love to sign up for that !!!

"02996ttx50

yes, you and rick are subject to your intepretive discernment. i know a guy who flips really nice turbo coupes constantly in the mid twenties.

just because you guys might not have acesss to them or would pay 34k+ for the same cars, doesn't mean they aren't "out there". they are...though some might be at wholesale auction etc. believe me or not. doesn't matter, I've seen em.

and yes, a dealer only was willing to give me 26 for mine on trade but thats hi mileage, and i dont bother keeping records. i just have the car worked on every month or so for fun or to stay waaaayy ahead of any recommended service interval. the person gets MY car for mid 20's is STEALING it lol...

and yes, semantically speaking i wouldn't call a 50k+ 996t "decent" i'd give it a bit more credit than that.

Dock

Agreed.

SPX is up ~63% over the last 10 years...

RWP997

63% after capital gains? Plus, how well does the SPX handle the twisty roads??

Disclosure: The author of this post owns shares of VINIX and a Porsche. He likes the Porsche better...