Prices on the rise again ?
#49
Rennlist Member
Stocks have been hammered, we're heading into winter, Trump's got everyone spooked, and economic black clouds are on the horizon. Not the best time for sports car prices! But if you're looking to buy one, the next couple of years may present an excellent opportunity. Prices will surely rebound and continue their upward climb after the next recession is over and sunny skies are here again. If you want to sell, wait until then if you can.
#50
Rennlist Member
Stocks have been hammered, we're heading into winter, Trump's got everyone spooked, and economic black clouds are on the horizon. Not the best time for sports car prices! But if you're looking to buy one, the next couple of years may present an excellent opportunity. Prices will surely rebound and continue their upward climb after the next recession is over and sunny skies are here again. If you want to sell, wait until then if you can.
Trying to time the market for cars, really? LoL.
Unless you're talking about really big dollar cars why bother? If the difference between someone buying that basic air cooled 911 or not is a few thousand dollars then they probably shouldn't buy it at all. If you're expecting the kind of price appreciation we saw a few years ago any time again, you're going to be disappointed.
Want some real fun? Track the 918 Spyder market. You could buy 10 average condition G50 coupes for the amount the bids have fallen for a 918 Spyder over the last 6 months.
#51
Rennlist Member
Trying to time the market for cars, really? LoL.
Unless you're talking about really big dollar cars why bother? If the difference between someone buying that basic air cooled 911 or not is a few thousand dollars then they probably shouldn't buy it at all. If you're expecting the kind of price appreciation we saw a few years ago any time again, you're going to be disappointed.
Want some real fun? Track the 918 Spyder market. You could buy 10 average condition G50 coupes for the amount the bids have fallen for a 918 Spyder over the last 6 months.
Unless you're talking about really big dollar cars why bother? If the difference between someone buying that basic air cooled 911 or not is a few thousand dollars then they probably shouldn't buy it at all. If you're expecting the kind of price appreciation we saw a few years ago any time again, you're going to be disappointed.
Want some real fun? Track the 918 Spyder market. You could buy 10 average condition G50 coupes for the amount the bids have fallen for a 918 Spyder over the last 6 months.
#52
Rennlist Member
I don't think you'll see the kind of pop we had in that 2014 to 2017 period. Additionally, there are already plenty of these cars over 6 figures. The day of a run of the mill air cooled 911 that's just a nice driver with miles, being over 100 grand are a long way away if ever. They're not good investments. Buy one because you want one and want to drive it.
#53
Rennlist Member
Just for fun, this is what Hagerty's price guide is showing for the '88 Carrera coupe. It may take another 6 months of data to reflect any recent weakness, but it is showing nice gains through September:
#54
Rennlist Member
#56
Rennlist Member
Let’s keep the value threads over in the gt3 991 forum...
#57
In the words of jay Leno cars are typically a bad investment. Buy one you really like and enjoy incase it doesn't go up in value you still enjoy it.
As far as prices go a seller can ask anything. A price really is what a buyer and a seller agree upon that sets the market and there on.
I mean lets say a company recreates and butchers a porsche and now its worth big bucks.
I bought my car butchered but for the last 5 years I've been correcting it and its my vision for my car. Done right, market can't dictate Everyrhing
At the end of the day if I enjoy it it has value to me and that's all that matters
As far as prices go a seller can ask anything. A price really is what a buyer and a seller agree upon that sets the market and there on.
I mean lets say a company recreates and butchers a porsche and now its worth big bucks.
I bought my car butchered but for the last 5 years I've been correcting it and its my vision for my car. Done right, market can't dictate Everyrhing
At the end of the day if I enjoy it it has value to me and that's all that matters
#58
Rennlist Member
The best way to end up with a million bucks buying and selling used classic cars is to start with about 3 million. Generally you will end up with about a million left over.
#59
#60
But you'll still have alot of fun. At least I would lol
If you look at places like Beverly hills car club and gullwing, they flip basket cases and do well. I can't help but feel the big number cars are sold on consignment with a commission. I mean when they buy its low
Btw I remember going to gullwing and seeing 911's for 9-12k in good driver shape. Years and years ago