Club Coupe Purchase
#1
Pro
Thread Starter
Club Coupe Purchase
I have an option of purchasing 1 of 48 2005 Club Coupes. The price is about $108000 US + a premium to the seller, probably about $10000 US.
Do you think the car will appreciate because of its rarity?
I would love to own it, but am thinking of it more as an investment than a daily driver.
Let me know your thoughts.........
Do you think the car will appreciate because of its rarity?
I would love to own it, but am thinking of it more as an investment than a daily driver.
Let me know your thoughts.........
#2
I would think this car is far too new to be affected by collector car markets right now. I think once the car is 20 - 30 year old, then things may heat up on the car. But, would you still come out ahead on this car verses investing that money (even in some conservative fund)?
50 (49 really available to the public) total cars is still quite a few cars yet when it comes to collectible automobiles. If it was one of 4 for example, then rarity might come into play more quickly on values and appreciation. Also, isn't it 'just' a 911 coupe with the X51 (or whatever option number it is) power package and a special paint color? Can you order a new 997 with that power increase package?
For investment purposes, I personally would invest that money in something financial and not in a mass produced vehicle. I would only get one of these 50th Club models if I was very weathly and could afford the car without pain. Drive and enjoy it or show it or whatever. I would not buy one of these for investment purposes.
Just my $.02.
Jay
50 (49 really available to the public) total cars is still quite a few cars yet when it comes to collectible automobiles. If it was one of 4 for example, then rarity might come into play more quickly on values and appreciation. Also, isn't it 'just' a 911 coupe with the X51 (or whatever option number it is) power package and a special paint color? Can you order a new 997 with that power increase package?
For investment purposes, I personally would invest that money in something financial and not in a mass produced vehicle. I would only get one of these 50th Club models if I was very weathly and could afford the car without pain. Drive and enjoy it or show it or whatever. I would not buy one of these for investment purposes.
Just my $.02.
Jay
Last edited by Jay H; 10-24-2005 at 01:11 PM.
#4
Professor of Pending Projects
Rennlist Member
Rennlist Member
Cars are depreciating assets... not investments... buy it because you want to enjoy it. There are no real differences between this car and something you can special order (except for the plaque and door sills).
imho of course...
imho of course...
#5
Super Duper Moderator
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I would agree - while the limited edition nature may mean it depreciates more slowly than other models, it is very unlikley to increase in value. Look at the anniversary edition of the 911 - it gets a price premium used but is not worth more than new.
Marc
Marc
#6
Even the very rare 964 America Roadster that was built in limited quantities brings less than what those cars were new. Even low mileage concours queens have depreciated... I would think there would be nothing different with this 50th Club model...
Some extremely low mileage, very original, very pristine early pre impact bumper 911's bring more than they did new, but that took over 30 years to do that. And, those probably took a lot of time and money to keep mint. Drop a ladder on the car in your garage during one of those 30 or so years and you loose money real quick... That's typically not a risk you have to take with money in a bank that is backed by federal laws.
Some extremely low mileage, very original, very pristine early pre impact bumper 911's bring more than they did new, but that took over 30 years to do that. And, those probably took a lot of time and money to keep mint. Drop a ladder on the car in your garage during one of those 30 or so years and you loose money real quick... That's typically not a risk you have to take with money in a bank that is backed by federal laws.
#7
Pro
Thread Starter
Good points taken by all of you.
The car is new, hasn't been delivered yet. I don't have infinite wealth, so money is an object of concern. I'm sure I would do better in the stock market over the next 20-30 years than dumping money into a vehicle.
Getting an opportunity to purchase a car like this doesn't come around every day. Thanks for sharing your thoughts with me.
If anyone out there is interested, drop me a PM.
The car is new, hasn't been delivered yet. I don't have infinite wealth, so money is an object of concern. I'm sure I would do better in the stock market over the next 20-30 years than dumping money into a vehicle.
Getting an opportunity to purchase a car like this doesn't come around every day. Thanks for sharing your thoughts with me.
If anyone out there is interested, drop me a PM.
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#9
Just for fun, I did some really quick, simple calculations...
If you invest $118,000 for 10 years at a conservative 4% per year (simple interest type investment), you would end up with ~$175,000. If you took that same $118,000 and invested it at the same 4% for 30 years, you'd be left with ~$383,000. Find something that gets you 6% and you'd have ~$677,000 after 30 years.
In 30 years that 50th Anniversary 911 might be worth $118,000+ IF it's got under 10,000 miles on it, is Pebble Beach concours ready, is completely original and needs nothing other than an enclosed transport ride to the new owner's climate controlled museum facility. Then, subtract all the insurance premiums paid over the years, misc. maintenance and replacement of aged items, etc...
Just some fun with numbers...
Jay
If you invest $118,000 for 10 years at a conservative 4% per year (simple interest type investment), you would end up with ~$175,000. If you took that same $118,000 and invested it at the same 4% for 30 years, you'd be left with ~$383,000. Find something that gets you 6% and you'd have ~$677,000 after 30 years.
In 30 years that 50th Anniversary 911 might be worth $118,000+ IF it's got under 10,000 miles on it, is Pebble Beach concours ready, is completely original and needs nothing other than an enclosed transport ride to the new owner's climate controlled museum facility. Then, subtract all the insurance premiums paid over the years, misc. maintenance and replacement of aged items, etc...
Just some fun with numbers...
Jay
#11
My brother's brother in law rationalized the purchase of two Ferraris as investments - one was a fantastic Testa Rosa when they first came out. For what is worth he lost his *** on both!
#12
Three Wheelin'
It's sad that those people are already trying to price gouge. I don't think that was Porsche's aim when they made a limited edition coupe to celebrate PCA enthusiasm for the brand. And as many have already said, any new Porsche, even a Carrera GT, will NOT be a sound investment. If $120K is burning a hole in your pocket, look for a 911 Carrera RS 2.7 or similar car. If you get an original, they will likely keep appreciating, and it will be something different.
The Club Coupe is a cool car, but barely anyone will be able to see the difference between that and a regular Carrera S. Shame on the person who signed up and now wants to hawk it to make money on it. I know there were people who didn't make the list who actually wanted to drive and own one.
My $.02
The Club Coupe is a cool car, but barely anyone will be able to see the difference between that and a regular Carrera S. Shame on the person who signed up and now wants to hawk it to make money on it. I know there were people who didn't make the list who actually wanted to drive and own one.
My $.02
#13
Rennlist Member
Originally Posted by Euromagination
take that 108000 and get a car that is already a collector car.
There is nothing special about it but the low numbers. The "Weissach Edition" and other special anniversary editions such as the 30th anniversary edition etc. in similar low numbers have not appreciated.