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I will be selling my 993 4s this year, 37 K miles, arctic silver, black leather, no sunroof, original Turbo spoiler, location Germany.
No trade in, I guess you're familiar with WB prices.
I will be selling my 993 4s this year, 37 K miles, arctic silver, black leather, no sunroof, original Turbo spoiler, location Germany.
No trade in, I guess you're familiar with WB prices.
Sure.
I'm happy with my NB. I was just commenting that previous post and the tip.
If the car is pretty enough it's easy to forgive the transmission. At least to me. But then again maybe I'm more of a visualist than a petrolhead.
I have a close friend who has a 964 tip C2. At first I didn't like it at all but when you get into it, it's pretty cool. Of course I wouldn't want it over a manual but many people just use it on D (which is only for cruising). If you do that and don't learn to use the manual mode, you'd probably think it's a terrible transmission. It's not. It's quite fascinating trans, really. Not modern... far from it. But it's not as bad as people think.
I never had a car with automatic transmission, I drove many of them, Tiptronic in a 911 is a no go for me.
even a 993 S with Tiptronic is hard to sell in Germany, with a 50 % discount compared to a 6 speed.
Yeah that's the popular opinion. All air cooled Porsche enthusiasts hate the tips. It's like a mandatory opinion if you want to be a "real air cooled petrolhead" and blend in.
I don't hate it at all. It's just different. Sure it takes something away from the driving experience because there's the small shifting lag in the manual mode. You'll notice it in smaller speeds. But when you're driving a twisty road in a bit higher speeds you always switch between 3 and 4 in manual. In tip you just drive with 3rd.
Polar Silver, always amazing color on a 993. Brings up the shape so well.
My other friend has a pristine black tip 993 with Kashmere interior. He got it for great price because it's a tip and enjoys it very much. I love that car too. They can be excellent deals.
Know I sound like a broken record Mark, but prices of most hard assets fall as interest rates rise. They positively plummet in a recession and we're heading into one. So, if you are not in a rush, I think comparative bargains will be available towards the end of this year.
Know I sound like a broken record Mark, but prices of most hard assets fall as interest rates rise. They positively plummet in a recession and we're heading into one. So, if you are not in a rush, I think comparative bargains will be available towards the end of this year.
Disagree. I work closely with the data and Economic Scenario process. We are heading into a “Soft Recession” and will be short lived. Nothing like the housing crash of 2008. Most that purchase these have cash and are not subjected to interest rates. The 993 is very special as its the last of the AirCooled cars. Not gonna make anymore. They may level, but good examples will hold their value. Nothing but up at this point. Based on many sold auctions in recent quarter to support this theory.
Disagree. I work closely with the data and Economic Scenario process. We are heading into a “Soft Recession” and will be short lived. Nothing like the housing crash of 2008. Most that purchase these have cash and are not subjected to interest rates. The 993 is very special as its the last of the AirCooled cars. Not gonna make anymore. They may level, but good examples will hold their value. Nothing but up at this point. Based on many sold auctions in recent quarter to support this theory.
Totally agree, but it was different in 2008 and following when people sold their 911's for nothing, a time when I bought them.
You sound like millennials going into their first downturn. My last career was Senior Economist with a very large organization, and I've been through this cycle many times. I converted all my financial assets to cash several years ago 'cause it was pretty obvious the excess monetary stimulation would result in substantial inflation. Needless to say, I did not lose a penny in the stock market route and am making out like a bandit in mortgages. I'm thinkin' the recession will be fairly severe and am certain most classic car values will fall significantly. My turbo is already down $75K from its peak and has lots more to go but I'm not selling anyway and hope my insurance rates will drop with car values. If you want to sell, you've already missed the peak. If you're a buyer, this recession will reward you handsomely. The problem with history is no one learns from it.
Last edited by ronnie993tt; 01-14-2023 at 04:50 PM.
You sound like millennials going into their first downturn. My last career was Senior Economist with a very large organization, and I've been through this cycle many times. I converted all my financial assets to cash several years ago 'cause it was pretty obvious the excess monetary stimulation would result in substantial inflation. Needless to say, I did not lose a penny in the stock market route and am making out like a bandit in mortgages. I'm thinkin' the recession will be fairly severe and am certain most classic car values will fall significantly. My turbo is already down $75K from its peak and has lots more to go but I'm not selling anyway and hope my insurance rates will drop with car values. If you want to sell, you've already missed the peak. If you're a buyer, this recession will reward you handsomely. The problem with history is no one learns from it.
Well said, no I'm actually not a millenial and learned my lessons in the crash around 2000.
I sold all 911's years ago at the peak. My 993 4s is the last one besides a few other rare cars. I'm turning 62 next week.
I bought the 993 4s in 2015, so no worries.
Perhaps I might buy another when I sold it, and I'll buy at the very low point of this coming recession.
Last edited by My993_4s_Dave; 01-14-2023 at 05:17 PM.
You sound like millennials going into their first downturn. My last career was Senior Economist with a very large organization, and I've been through this cycle many times. I converted all my financial assets to cash several years ago 'cause it was pretty obvious the excess monetary stimulation would result in substantial inflation. Needless to say, I did not lose a penny in the stock market route and am making out like a bandit in mortgages. I'm thinkin' the recession will be fairly severe and am certain most classic car values will fall significantly. My turbo is already down $75K from its peak and has lots more to go but I'm not selling anyway and hope my insurance rates will drop with car values. If you want to sell, you've already missed the peak. If you're a buyer, this recession will reward you handsomely. The problem with history is no one learns from it.
I am not a Millennial. Actually a seasoned Executive in the Economic Scenario Modeling CCAR & DFAST space for a top 5 Bank with many years of experience. Also worked through the Great Recession of 2008 so I get it. We still have record low unemployment, companies still hiring… in fact there are 2 jobs for every unemployed person. The only area of stress maintained through the Pandemic and now exit is Commercial Real Estate with a stress factor of 40% within the scenarios. Banks are extremely well capitalized with over $600B in reserves. The consumer continues to spend … see the air travel stats? People still paying $1,200 for a flight! Flights are FULL! Not gonna get into all of it but from all the data I am seeing and from peer banks the Consumer is holding up very well. Also “money always has money.” Your average Joe isn’t buying 993s as a whole.
Define from “the peak.” TTs are still selling … lower mile ones, desired colors, with excellent records and history between $200k - $250k. Special colors and ultra low mile and others $250k+. Not following your logic. Most C4S and C2S are trading in the same price point. Not seeing prices “fall off a cliff.”
I am not a Millennial. Actually a seasoned Executive in the Economic Scenario Modeling CCAR & DFAST space for a top 5 Bank with many years of experience. Also worked through the Great Recession of 2008 so I get it. We still have record low unemployment, companies still hiring… in fact there are 2 jobs for every unemployed person. The only area of stress maintained through the Pandemic and now exit is Commercial Real Estate with a stress factor of 40% within the scenarios. Banks are extremely well capitalized with over $600B in reserves. The consumer continues to spend … see the air travel stats? People still paying $1,200 for a flight! Flights are FULL! Not gonna get into all of it but from all the data I am seeing and from peer banks the Consumer is holding up very well. Also “money always has money.” Your average Joe isn’t buying 993s as a whole.
Define from “the peak.” TTs are still selling … lower mile ones, desired colors, with excellent records and history between $200k - $250k. Special colors and ultra low mile and others $250k+. Not following your logic. Most C4S and C2S are trading in the same price point. Not seeing prices “fall off a cliff.”
I agree, I watch BAT auctions for Porsche 911s. There were two record prices in the last weeks, one for a 964 Coupe C2 and another fir a 1989 Carrera Coupe 3.2, last one with 90 K plus for $ 155 K plus $ 5 K fee.
01-14-2023, 09:54 AM
