911 50th increase in value over time
#16
Instructor
Yes it will in about 30 to 40 years but until then it will depreciate just like any other Porsche maybe slightly less!
#18
Three Wheelin'
One for sale in portland oregon at 10k off msrp and 600 miles. I already is depreciating. One local dealer had one on the lot for over 6 month. No one would buy at msrp
#19
There's no need to flame. It is (or should be) just a very well-known fact that every 911 depreciates quite a lot over the first 20 years or so, after which values flatten out, and then start to rise so that by the time you get out to 30-40 years they've typically recovered all their original nominal value. The rare exceptions are.... rare.
Just check out any of the many other special edition cars, there've been plenty over the years. They all depreciate then appreciate over the same 30-40 year span.
What's much more important than your 991 being a 50 (or GTS, Targa, whatever) is your car being in top condition. Keep it well maintained, original and free of damage, and guaranteed it will be worth more in the future. Just about 40 years ought to do it.
Just check out any of the many other special edition cars, there've been plenty over the years. They all depreciate then appreciate over the same 30-40 year span.
What's much more important than your 991 being a 50 (or GTS, Targa, whatever) is your car being in top condition. Keep it well maintained, original and free of damage, and guaranteed it will be worth more in the future. Just about 40 years ought to do it.
#20
There's no need to flame. It is (or should be) just a very well-known fact that every 911 depreciates quite a lot over the first 20 years or so, after which values flatten out, and then start to rise so that by the time you get out to 30-40 years they've typically recovered all their original nominal value. The rare exceptions are.... rare.
Regarding the subject of this thread, I think the jury is still out. Let's see how GTS do against the beautiful 50th Anniversary model in the next few years...and then let's talk. And that is only on this market. In other countries where the Carrera S Powerkit was not standard on the 50th Anniversary model, it will be harder to tell how it fares against the GTS with the standard Powerkit and package pricing. I find the 50th Anniversary model (especially with its unique pepita/houndstooth seats) particularly attractive & desirable for knowledgeable Porsche 911 buyers & collectors. But I can't predict where it's going to be selling in one year's time (much less 10 or 20)...especially since we don't know what the .2 991/992 era will bring starting in MY2016!
Saludos,
Eduardo
Carmel
.
#21
Drifting
No kidding.
+1
No one should buy a new car thinking it will be a good investment. Even if it does appreciate, it won'be much, especially when you consider cost of ownership: storage, maintenance, insurance, etc. And you can't drive it.
Poor sap, he bought a $150K car, and in three years it will be worth half of that. What kind of a moron would spend that much money on a car and...
oops, never mind.
#22
Instructor
Join Date: Mar 2014
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Your friend is right, it will appreciate. But first, it will depreciate for several years until probably around 50k then it might go up.
Look at the 996tt it's now leveled off at 35-40k, and it's not even rare, some people say it will stick here for a while before going up. But who knows.
You would have got the same response if you asked about the 964 10-15 years ago.
Look at the 996tt it's now leveled off at 35-40k, and it's not even rare, some people say it will stick here for a while before going up. But who knows.
You would have got the same response if you asked about the 964 10-15 years ago.
#23
Rennlist Member
...It is (or should be) just a very well-known fact that every 911 depreciates quite a lot over the first 20 years or so, after which values flatten out, and then start to rise so that by the time you get out to 30-40 years they've typically recovered all their original nominal value. The rare exceptions are.... rare...
Thanks to depreciation and a market that didn't look favorably at the 964, I bought my car for a steal eight years ago. I obviously didn't look at it as an investment (except for my sole), instead it was the first time I had driven in a +10 yr/old used car that felt like it would drive for a million miles.
#24
Right. That's what I'm talking about. (Except, bone-head move saying "every". Thanks, Ed.) By and large though they sink until they swim. Anyone looking for appreciation, the fat odds are buying a good 20 or more year old 911.
Good move on the 964. But imagine if you'd held out for an RSA!
Good move on the 964. But imagine if you'd held out for an RSA!
#25
I can't ever see buying a car as an investment that'll appreciate any great deal. Like others have said, there's way better ways to invest your money with a lot less risk than buying a car.....any car!