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993 or 992 Dilemma

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Old Jul 10, 2021 | 08:43 PM
  #1  
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Default 993 or 992 Dilemma

Hello,

A little info about my situation, please bear with me;

I currently own a 2021 992 c2s manual which I bought brand new to my chosen spec. I was very lucky to get a c2s slot last year so feel very grateful to have this car but I feel the PCP balloon payment of £60,000 is playing on my mind a lot.

I can do the monthly payments ok but I would be using some of my savings for the final payment. Also, this is the first car of the last 20 years or more I have bought which will depreciate so I feel I am putting my hard earned savings into something I will never get back. I had a 67 Mustang and a 2008 Bullitt before and made money on those.
Thinking like this also is telling me that if I concerned about the future value, maybe this is not the right car for me, even though it is beautiful or because I haven't bought such a high value car before. I want a car to keep, not think about selling. Also, will Porsche ever make another manual after the 992 which is a reason to keep hold of it.

So, I have been looking around at 993s and found a very nice c2s manual which I can buy using the equity in the 992 and use a little of the savings for the rest so no monthly payments/ballon payment or interest.

So thats my question - keep the 992 c2s manual, hoping it holds a high value and pay the PCP and lose money if I ever am in a situation where I need to sell it or buy a 993. I have driven a 993 but never owned one. I love driving the 992 although the fun is cut short too quickly as it hits the speed limit very quickly in second.

Cheers




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Old Jul 10, 2021 | 10:15 PM
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Kalavara, welcome to the forum. Considerations:
  1. You're posting the issue in a 993 forum. On the question of 992 or 993, what are your instincts telling you we'd say?
  2. 993 WBs w/ low to mid miles (i.e. <50000) are selling at even money more or less to 992. If the 'equity' in your 992 (£60,000 short) can pay for the 993 WB, it's likely you're trading in for a high mileage 993 -- meaning -- budget £5000 to £10000 to spiff it up to your brand new 992 standards.
  3. 993s aren't nearly the daily driver your 992 currently is. Air-cooled PCars don't react well to short city trips, stop & go driving, and only have 'barely there' A/C and non-existent creature comforts.
  4. Trying to predict current model Porsches' ability to hold value is a fool's game; unless you've a GT2/GT3/Speedster/XX Anniversary Targa/Turbo S. Even if yours is a 'keeper', you won't realize the $$ until decades from now.
  5. Qualify: my prior statement may not hold true for the next few months while dealer inventory worldwide is short and they'd pay you MSRP to buy back your 992.
  6. Bottom line: only you know what tucks at the automotive aspect of your soul. But do keep us posted, and better yet if you can share specs about the 993 you're setting eyes on.

Last edited by mdude; Jul 10, 2021 at 10:19 PM.
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Old Jul 11, 2021 | 12:26 AM
  #3  
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I really think when you buy a car, your first priority should be smile / enjoyment factor..one of the last on the list should be future value! Every time i personally buy a modern car, i end up getting tired of it within a few months and i revert back to a more analog car..a 993 is the sweet spot as you can have your modern amenities, cold AC, comfortable ride and still get that analog feel.
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Old Jul 11, 2021 | 12:30 AM
  #4  
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To add to the post immediately above, it is a matter of personal preference. Some would say that driving a 993 is more akin to driving a sports car because it is much smaller.Some would also say that a 992 can be viewed as somewhat of a GT car.

Are you one that gets the thrill from driving a smaller car with about 285 hp? Or do you need the thrill of a 400 hp car?

If finances are the number 1 priority, that raises another set of questions. Is now the best time to buy after the hot recent run-up?

No perfect answers... just more questions.
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Old Jul 11, 2021 | 01:23 AM
  #5  
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Originally Posted by Kalavara
Hello,

A little info about my situation, please bear with me;

I currently own a 2021 992 c2s manual which I bought brand new to my chosen spec. I was very lucky to get a c2s slot last year so feel very grateful to have this car but I feel the PCP balloon payment of £60,000 is playing on my mind a lot.

I can do the monthly payments ok but I would be using some of my savings for the final payment. Also, this is the first car of the last 20 years or more I have bought which will depreciate so I feel I am putting my hard earned savings into something I will never get back. I had a 67 Mustang and a 2008 Bullitt before and made money on those.
Thinking like this also is telling me that if I concerned about the future value, maybe this is not the right car for me, even though it is beautiful or because I haven't bought such a high value car before. I want a car to keep, not think about selling. Also, will Porsche ever make another manual after the 992 which is a reason to keep hold of it.

So, I have been looking around at 993s and found a very nice c2s manual which I can buy using the equity in the 992 and use a little of the savings for the rest so no monthly payments/ballon payment or interest.

So thats my question - keep the 992 c2s manual, hoping it holds a high value and pay the PCP and lose money if I ever am in a situation where I need to sell it or buy a 993. I have driven a 993 but never owned one. I love driving the 992 although the fun is cut short too quickly as it hits the speed limit very quickly in second.

Cheers

I own both, so I have some perspective.

The cost of the 993 WB and 992 is equivalent. Short term, the cost of maintenance on the 993 will be far greater since you’ll have a warranty on the 992. Long term, that may be a different story. I’m really not sure how you’re saving money here.

If you are having to dip into savings to keep the car then I’m concerned that you are in over your head. If that’s the case, sell now! Get out while you can. If you can’t afford the 992 then I don’t think a 993 is really a safe bet either, financially.

That said, if I’m mistaken about your financial position….between the two cars the 993 has an immediacy and “aliveness” that the 992 does not have. No modern can is capable of feeling like an air cooled car. Driving 40 miles an hour is more stimulating than 60 miles an hour in the 992. That said — the 992 is an *excellent* modern sports car and is ridiculously better suited to daily driving and travel. It is a much more practical car in that sense. Its power and overall grip levels are astronomical compared to the 993 and its potential on the track is greater. It is easier to be a hero in the 992. For a modern sports car, it’s surprisingly responsive and it does NOT feel like a “GT” grand touring style barge.

I am actually trading in my 992 C2s in for a 992 TTS and I love the platform. It’s not a 993 - they are apples and oranges - but it’s a great car. I am lucky to have both, but if forced to pick one car….it would be the 993. These cars are special in a way that no new car can be.

Last edited by rk-d; Jul 11, 2021 at 01:26 AM.
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Old Jul 11, 2021 | 10:24 AM
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If you are willing to buy a NB instead of a WB you can get into a 993 for less money, enjoy a better driving experience, and still own a non-depreciating car.

I've enjoyed every 911 I've ever driven. The 993 holds a special place in my heart. It can handle daily driving situations if you want to use it that way - I mean it's just as good at that now as it was in the 90s when they were built for that purpose. The new ones are easier and more comfortable to drive though, if that's what you prefer.
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Old Jul 11, 2021 | 03:12 PM
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I own a 993 C2 and I drove a 992 C2S PDK at a PEC.

992 : excellent daily, a beast on a track (front end grip and steering in my opinion). Was discussing with friend (who is a 997.2 Gt3 owner) and we agreed a 992 PDK would be an excellent daily. The MT must be special but I think probably won’t keep value as well as a 993 or a 992 GT/Targa etc. (look at prices of 991.1 C2S Coupe vs 991.1 Targa 4s). Engine startup noise and engine noise at idle is a non event in my opinion (same as 991.2 Carreras/Targas).

993: startup sound and engine noise at idle is so great to me. It is always a pleasure to sit behind the wheel and fire the engine. It’s a car I can enjoy at slow speeds. A lot of wind noise at highway speeds so I would not look forward to drive too long time in a 993 on highways. But the 993 is a blast on country roads and mountain roads. Have not tested the 993 on track so cannot compare vs 992.

At the end of the day, a 993 NB could be a very good choice to enter the 993 world. Sell your 992 MT at a good price now and then, buy a 993 NB but don’t wait too long, the prices of 993 NB increase as well.
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Old Jul 11, 2021 | 03:30 PM
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992 if you need it for everyday use, modern technology, and like creature comforts.

Once things normalize (who knows when) you car will become a depreciating asset similar to a cell phone. The cars electronics have a finite life. The car will be worth maybe 60% of its value in 3 years in normal times.

Times are not normal - I just sold a Cayman S that I owned for 2 years for more than I paid for it.

993 if you want an occasional use car.

Great car if you are a DIY guy.

The car is an appreciating asset if you buy wise and take car of it. Investment, most times no, but it will hold its value.
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Old Jul 11, 2021 | 04:56 PM
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Personally, I've never purchased a car as an investment or worried how much depreciation it would suffer as the years went by so, from my perspective, I would go with the car that brought me the most smiles per miles.

I had a 991 C2S that I loved but, for me, it was missing something so I sold it and got a 993 instead. Best automotive decision ever but every person has different priorities, needs, etc. so this is a very objective and personal decision.
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Old Jul 11, 2021 | 10:57 PM
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Originally Posted by Tlaloc75
If you are willing to buy a NB instead of a WB you can enjoy a better driving experience
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Old Jul 11, 2021 | 11:34 PM
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Originally Posted by Tlaloc75
I mean it's just as good at that now as it was in the 90s when they were built for that purpose.
i always come back to this idea with older cars... each generation of car was ALWAYS BUILT to be used for a daily driver purpose (of sorts) at one time. '67 GTOs were once daily drivers, '83 911SCs were daily drivers... it's just a question of whether you want to daily drive a certain car. my wife has a '21 vehicle. i have nothing newer than '05. i've had new cars and i always sell them - always. the issue to me would be the stark difference between a 993 and a 992 at this point. for me, the 993 is the more engaging car, but the 992 has features that you easily get used to having. you're talking about a 23-26 year difference in the two models. i hate depreciation on a car - just seems like such a waste. the hit people take on big $$$ astons, bentleys, mercs, etc., it's enormous. once out of warranty, potentially off a cliff. give me a handful of collectibles any day.
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Old Jul 12, 2021 | 05:58 PM
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I'm a little surprised that nobody has brought up the difference in overall size of the vehicles. The 992 I think is nearly a foot longer than the 993 (178 inches vs 167 inches). I'm sure the other dimensions are similarly larger, including the interior. Is this something that is important to the OP?

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Old Jul 12, 2021 | 06:44 PM
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Originally Posted by jwong1977
I'm a little surprised that nobody has brought up the difference in overall size of the vehicles. The 992 I think is nearly a foot longer than the 993 (178 inches vs 167 inches). I'm sure the other dimensions are similarly larger, including the interior. Is this something that is important to the OP?
I did mention that the 993 was a smaller car, although your response is more precise.
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