$$$ turned 60K on my birthday...value question $$$
03-11-2007, 01:03 PM
#1
Addict
Thread Starter
$$$ turned 60K on my birthday...value question $$$
Yesterday was my 40th birthday. My wife and I put the top down and drove my birthday present to santa monica just after sundown. What a blast!!! I realized that the odometer read 59,992 as we got underway and almost wanted to take it back home and take a picture. Someone once told me the odometer is kinda like "dog years" read left of the comma IE: 60,000 is 60 years old. 100,000 is 100 years old. As I see it my car turned 60 on the same day I turned 40...
OK, now did the car loose a significant amount of "market value" in rolling over to 60,000+? I clearly remember when shopping for this car that prices were much higher for low milage cars. $5-10-15K higher. Am I imagining things?
She is still a sexy ride that is so at home doing 80 on the freeway with the top down it is almost too smooth.
douglas
"88 911 cab in ven blue met (super virgin...but I am gonna check for a chip)
OK, now did the car loose a significant amount of "market value" in rolling over to 60,000+? I clearly remember when shopping for this car that prices were much higher for low milage cars. $5-10-15K higher. Am I imagining things?
She is still a sexy ride that is so at home doing 80 on the freeway with the top down it is almost too smooth.
douglas
"88 911 cab in ven blue met (super virgin...but I am gonna check for a chip)
03-11-2007, 01:39 PM
#3
Instructor
Join Date: Oct 2006
Location: right near the beach, So Cal
Posts: 151
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by Svaha
Just drive!
.
03-11-2007, 10:41 PM
#6
60K on a 911 is more like 25 in human years. BTW they pine away in the garage, and then they **** on the floor just like a cat. Best thing you can do is enjoy it. You are past the uber low miles anyway, and now condition is the deciding factor in value. Many happy returns on the day.
03-12-2007, 01:22 AM
#7
Rennlist Member
I put on 5,000 in the last 6 months, and now I have 122,200. I hate seeing it grow, but I love it so much! What's the saying, "I hate to see her leave, but I love to watch her go!" ?
Trending Topics
03-12-2007, 08:35 AM
#8
Legacy Flounder
Rennlist Member
Rennlist Member
Join Date: Nov 2004
Location: Cumberland, RI
Posts: 3,439
Likes: 0
Received 0 Likes
on
0 Posts
Here's my problem: I bought my 911 for ME, not the "Next Owner". For ME meant "Drive Her". I bought my 84 with 50k on her, and recently rolled 74k. In 2.5 years, I've put half-again the mileage on.
As for value, what's the value of an 84 Cab with the mileage I have now, vs what I paid ($19.5k)? Since I feel I got a good price, I'm ahead of the game some. At the same time, since I'm using the 911 for transport as well as pleasure, I think the "reduction" in value for the mileage I've put on is offset somewhat by the "normal" wear & tear budget (actually, the only parts I've NEEDED to replace were the head temp sender and the alternator); the rest of the numerous items I've done have been preventative or performance related.
As for value, what's the value of an 84 Cab with the mileage I have now, vs what I paid ($19.5k)? Since I feel I got a good price, I'm ahead of the game some. At the same time, since I'm using the 911 for transport as well as pleasure, I think the "reduction" in value for the mileage I've put on is offset somewhat by the "normal" wear & tear budget (actually, the only parts I've NEEDED to replace were the head temp sender and the alternator); the rest of the numerous items I've done have been preventative or performance related.
03-12-2007, 09:02 AM
#9
Drifting
I just hit 98k on my targa and can;t wait to hit 100k, 200k, 300k etc.
Heck my VW Thing has 284,000 miles on it and those cars are valued by condition, not mileage since the odomete rolls at 100k and it is almost impossible to verify accurate mileage. Even a new paint job on an aircooled VW increases where as the value decreases on the Porsche
I purchased the Porsche to drive and wrench on, not to collect dust and worry about the value going up & down like the stock market.
John
Heck my VW Thing has 284,000 miles on it and those cars are valued by condition, not mileage since the odomete rolls at 100k and it is almost impossible to verify accurate mileage. Even a new paint job on an aircooled VW increases where as the value decreases on the Porsche
I purchased the Porsche to drive and wrench on, not to collect dust and worry about the value going up & down like the stock market.
John
03-12-2007, 11:30 AM
#10
Here's something to think about...
While searching for a driver quality car last year, I only looked at cars with 80,000 or more miles on them. I refused to pay the premium for a lower mileage car when I planned on driving the wheels off of whatever I got. I ended up buying an '84 with 90k on the clock.
IMO, there isn't much difference in how a 60,000 mile 911 drives verses a 100,000 (or 200,000) mile 911 IF they are both maintained to a high degree. I've driven slopped out 50,000 mile 911's and near perfect 130,000 mile 911's.
These things are so well built, that if you maintain them well, they will drive like new for a long time.
At 60k, it's still a mid mileage car and the value won't suffer much at all. I agree that at 60k, it's like a 20 or 25 year old human. Tons of life left if properly maintained.
The ulta low mileage cars (sub 20,000 miles) are the one's you have to worry about driving too much so that you don't loose too much value.
Jay
90 964, 84 3.2
While searching for a driver quality car last year, I only looked at cars with 80,000 or more miles on them. I refused to pay the premium for a lower mileage car when I planned on driving the wheels off of whatever I got. I ended up buying an '84 with 90k on the clock.
IMO, there isn't much difference in how a 60,000 mile 911 drives verses a 100,000 (or 200,000) mile 911 IF they are both maintained to a high degree. I've driven slopped out 50,000 mile 911's and near perfect 130,000 mile 911's.
These things are so well built, that if you maintain them well, they will drive like new for a long time.
At 60k, it's still a mid mileage car and the value won't suffer much at all. I agree that at 60k, it's like a 20 or 25 year old human. Tons of life left if properly maintained.
The ulta low mileage cars (sub 20,000 miles) are the one's you have to worry about driving too much so that you don't loose too much value.
Jay
90 964, 84 3.2
03-12-2007, 12:05 PM
#11
Poseur
Rennlist Member
Rennlist Member
The only guy who wants lower miles on your car is the guy who will buy it from you years from now. Stop worrying about miles on these things. Go drive it!
A friend of mine (through Rennlist) got his new Carrera months before I did (2006 models) and I will be turning 10,000 within a couple of weeks,--he's at 6300 miles. Who is enjoying their car more?
A friend of mine (through Rennlist) got his new Carrera months before I did (2006 models) and I will be turning 10,000 within a couple of weeks,--he's at 6300 miles. Who is enjoying their car more?
03-12-2007, 01:06 PM
#12
Rennlist Member
If driving your 911 bothers you, then consider getting two identical cars. You would pamper one with a diaper in your garage and it would continue to go up in value. The other would be a daily driver.
I know a guy who owns a real Shelby Cobra 289, but he cannot stand to put miles on it, since it's worth well over $400k. Instead, he also owns a Superformance Cobra ($50k) and drives that whenever he feels like it. He says he likes driving the Superformance just as much as the real Cobra.
From a financial perspective, this is a good deal, since the original car value goes up faster or the same than the value loss from driving the 2nd car.
I know a guy who owns a real Shelby Cobra 289, but he cannot stand to put miles on it, since it's worth well over $400k. Instead, he also owns a Superformance Cobra ($50k) and drives that whenever he feels like it. He says he likes driving the Superformance just as much as the real Cobra.
From a financial perspective, this is a good deal, since the original car value goes up faster or the same than the value loss from driving the 2nd car.
03-12-2007, 01:33 PM
#14
Instructor
Join Date: Nov 2005
Location: Washington State
Posts: 200
Likes: 0
Received 0 Likes
on
0 Posts
The value to me is the enjoyment that the car brings when driven.
If your enjoyment comes from looking at the car in the garage....well then, enjoy.
If return on investment is your enjoyment, you made the wrong investment....sorry.
If your enjoyment comes from looking at the car in the garage....well then, enjoy.
If return on investment is your enjoyment, you made the wrong investment....sorry.
03-12-2007, 01:33 PM
#15
Instructor
Join Date: Oct 2006
Location: right near the beach, So Cal
Posts: 151
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by murphyslaw1978
If driving your 911 bothers you, then consider getting two identical cars. You would pamper one with a diaper in your garage and it would continue to go up in value. The other would be a daily driver.
I know a guy who owns a real Shelby Cobra 289, but he cannot stand to put miles on it, since it's worth well over $400k. Instead, he also owns a Superformance Cobra ($50k) and drives that whenever he feels like it. He says he likes driving the Superformance just as much as the real Cobra.
From a financial perspective, this is a good deal, since the original car value goes up faster or the same than the value loss from driving the 2nd car.
I know a guy who owns a real Shelby Cobra 289, but he cannot stand to put miles on it, since it's worth well over $400k. Instead, he also owns a Superformance Cobra ($50k) and drives that whenever he feels like it. He says he likes driving the Superformance just as much as the real Cobra.
From a financial perspective, this is a good deal, since the original car value goes up faster or the same than the value loss from driving the 2nd car.