Excellence Magazine 993 Market Prices
#32
Burning Brakes
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Location: Encinitas, CA "Surf Capital of the World"
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You guys are worried about the value of a 993. Do you have any idea of what you can get a "decent' home in SoCal for these days? About 35 "excellent" 993s (that's 5 (993s) less than last year). Cars depreciate - that's why they're are the worst investment ever. Why do you think our old 993's should be appreciating?
Enjoy the one's "we" got a bitch'n deal on....if you have 35K laying around buy a rental in OH, NC or VA (you'll do much better) and you'll be able to buy a 993 later for that much less and still have a gain on your 35K.
Enjoy the one's "we" got a bitch'n deal on....if you have 35K laying around buy a rental in OH, NC or VA (you'll do much better) and you'll be able to buy a 993 later for that much less and still have a gain on your 35K.
#33
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David, this thread isn't about 993's-or any car- as an appreciating financial investment and no one has suggested that these cars are supposed to appreciate in value. The point of this thread is that the going price of a 993 is higher (in some cases, much higher) than the prices indicated in the recent Excellence article.
But, to the point that you've created, I'm guessing that most here have already acheived enough to afford to throw away some play money on these kinds of toys. I strongly doubt that anyone here considers their 993 to be part of an investment portfolio- that would be crazy.
Then again, you did mention that SoCal real estate lost 12% last year. You would have done better financially buying 40 993's last year!
-Jim
But, to the point that you've created, I'm guessing that most here have already acheived enough to afford to throw away some play money on these kinds of toys. I strongly doubt that anyone here considers their 993 to be part of an investment portfolio- that would be crazy.
Then again, you did mention that SoCal real estate lost 12% last year. You would have done better financially buying 40 993's last year!
-Jim
#34
Originally Posted by jimbo3
David, this thread isn't about 993's-or any car- as an appreciating financial investment and no one has suggested that these cars are supposed to appreciate in value. The point of this thread is that the going price of a 993 is higher (in some cases, much higher) than the prices indicated in the recent Excellence article.
But, to the point that you've created, I'm guessing that most here have already acheived enough to afford to throw away some play money on these kinds of toys. I strongly doubt that anyone here considers their 993 to be part of an investment portfolio- that would be crazy.
Then again, you did mention that SoCal real estate lost 12% last year. You would have done better financially buying 40 993's last year!
-Jim
But, to the point that you've created, I'm guessing that most here have already acheived enough to afford to throw away some play money on these kinds of toys. I strongly doubt that anyone here considers their 993 to be part of an investment portfolio- that would be crazy.
Then again, you did mention that SoCal real estate lost 12% last year. You would have done better financially buying 40 993's last year!
-Jim
#35
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Few and far between, Pcar. If cars are the solid investment you say they are, which do you recommend I buy today that will at least double my money in under ten years, after all expenses? (That's roughly a 7% rate compounded, for the financially challenged.)
I'll split any gains with you if you agree to cover any loss. I'm just messing with you, but I would make the deal with you. I'd love to drive a car on your dime for 10 years...
-Jim
I'll split any gains with you if you agree to cover any loss. I'm just messing with you, but I would make the deal with you. I'd love to drive a car on your dime for 10 years...
-Jim
#36
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Originally Posted by wayne325
Do tell...
#37
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Originally Posted by David Ray
..................
Enjoy the one's "we" got a bitch'n deal on....if you have 35K laying around buy a rental in OH, NC or VA (you'll do much better) and you'll be able to buy a 993 later for that much less and still have a gain on your 35K.
Enjoy the one's "we" got a bitch'n deal on....if you have 35K laying around buy a rental in OH, NC or VA (you'll do much better) and you'll be able to buy a 993 later for that much less and still have a gain on your 35K.
Who said anything about 993s "appreciating"????? They are part of the disposable toy collection, not the portfolio.
And I have made money on Porsches, but none have been less than 35 years old. The last was a fully restored, Parade winning '61 Roadster (resto and win by PO), which sold for 17% more than I paid 3 years after I bought it....just before being shipped to Barrett-Jackson. Sometimes I get lucky, but not often.
#38
Three Wheelin'
Originally Posted by David Ray
You guys are worried about the value of a 993. Do you have any idea of what you can get a "decent' home in SoCal for these days? About 35 "excellent" 993s (that's 5 (993s) less than last year). .
#39
Originally Posted by jimbo3
Few and far between, Pcar. If cars are the solid investment you say they are, which do you recommend I buy today that will at least double my money in under ten years, after all expenses? (That's roughly a 7% rate compounded, for the financially challenged.)
I'll split any gains with you if you agree to cover any loss. I'm just messing with you, but I would make the deal with you. I'd love to drive a car on your dime for 10 years...
-Jim
I'll split any gains with you if you agree to cover any loss. I'm just messing with you, but I would make the deal with you. I'd love to drive a car on your dime for 10 years...
-Jim
I don't ever think of a Pcar as an investment. But if you want a car that will hold value and probably creep up in value over the long term, a 993 is a pretty good choice. I'm not saying anyone will be making any money here. In fact, factor in maintenance if you drive the car, and you'll still lose money in real terms. But resale will remain strong imho.
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People are swooning in my Township because values only went up 6% this year. Shows you how easily people can begin to feel "entitled" to 25+% each year.
#43
OK, this thread is about whether the valuations in Excellence are correct or not right? So back to that: I'm sure Excellence bases their numbers on actual data, however, I would like to see where these cars are being bought and sold. Because if you look at the classifieds here, or Holt, or RPM, those prices are way above. Yet maybe that's what we here get used to seeing. Keep in mind that the cars here, Holt and RPM are top of excellent condition, plus a lot of them have mods. So we see top of the line cars with top of the line pricing. In comparison, the cars taht excellence is reporting on are probably just average condition, with "excellent" pricing probably being an estimated adder.
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Originally Posted by jimbo3
No worries, Bob. Your local tax man will assure everyone that their property is worth 25% more...
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Originally Posted by BrokenE
OK, this thread is about whether the valuations in Excellence are correct or not right? So back to that: I'm sure Excellence bases their numbers on actual data, however, I would like to see where these cars are being bought and sold. Because if you look at the classifieds here, or Holt, or RPM, those prices are way above. Yet maybe that's what we here get used to seeing. Keep in mind that the cars here, Holt and RPM are top of excellent condition, plus a lot of them have mods. So we see top of the line cars with top of the line pricing. In comparison, the cars taht excellence is reporting on are probably just average condition, with "excellent" pricing probably being an estimated adder.