993 Depreciation vs Appreciation
#61
I would think that the 993 will bottom out around 15k or so and then start back up. As far as 911s go it is considered by most Porsche fans I know to be the ultimate of the air-cooled 911 so I just don't see it ever hitting the 5-10k low point. I own a 95 and I know they only imported around 4k of these in the coupe version that year. So its not like there are tons of them running around. I bought my 83 SC for around 10k and sold it 3 years later (no mods 100% orignal) for 13.5k. I hate to say this but in the 30+ years I have been following Porsche trends its the 100% stock cars that retain thier value (sorry mod guys).
Just my 2cents.
Just my 2cents.
#62
Weathergirl
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$15k? Perhaps for very high mileage examples. I suppose evantually you'll have a situation like, say, 911SCs, where condition is paramount and a faultless 150k mile car is worth as much or more than a beat up 75k mile car.
But $15k isn't even on the curve, is it? Take a middle of the road 1995 C2 with 50k miles in 2002. Worth mid $30s. That same car today is worth about the same, maybe a bit less. If you add a few miles you lose a few dollars, but that's a different variable. It'll be a very long time before that car is worth $15k.
But $15k isn't even on the curve, is it? Take a middle of the road 1995 C2 with 50k miles in 2002. Worth mid $30s. That same car today is worth about the same, maybe a bit less. If you add a few miles you lose a few dollars, but that's a different variable. It'll be a very long time before that car is worth $15k.
#63
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For 95% of you, you'll lose money or break even. The rest 5% might make some money. This goes for all the cars on the planet, not just 993s. Stop thinking about these cars as "investments." That said, the 993 has probably stopped depreciating, so go out and find a good 993 if you're looking for one.
#65
I'm not thinking of it as an investment, but am interested in how little it may depreciate in the coming years. When I bought it, getting out of a new car three years old and losing my ***, it was a big part of the justification I used for talking it up to my wife (along with it being a family car, we have a 2 and 5 year old). As far as reaching 15k, look around on the market, 15k right now buys a nice 911sc or an average Carrera. 993's will always be worth more than those cars. I'm not talking about extreme mileage outliers, but those in the norm. If a nice 911sc is worth 15k now at 25 years old, a nice 993 should be worth at least 20k in 2022, right?
#66
Originally Posted by RallyJon
$15k? Perhaps for very high mileage examples. I suppose evantually you'll have a situation like, say, 911SCs, where condition is paramount and a faultless 150k mile car is worth as much or more than a beat up 75k mile car.
But $15k isn't even on the curve, is it? Take a middle of the road 1995 C2 with 50k miles in 2002. Worth mid $30s. That same car today is worth about the same, maybe a bit less. If you add a few miles you lose a few dollars, but that's a different variable. It'll be a very long time before that car is worth $15k.
But $15k isn't even on the curve, is it? Take a middle of the road 1995 C2 with 50k miles in 2002. Worth mid $30s. That same car today is worth about the same, maybe a bit less. If you add a few miles you lose a few dollars, but that's a different variable. It'll be a very long time before that car is worth $15k.
#67
As far as 911s go it is considered by most Porsche fans I know to be the ultimate of the air-cooled 911
#68
Weathergirl
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Originally Posted by mborkow
there was a high mileage example for sale in the high teens if i recall correctly...so $15k is probably on the curve.
Obviously, the real world values will be a combination of higher mileage examples, increased rarity of lower mileage examples, etc.
#69
Addict
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Originally Posted by The Antenna Man
I guess I am on the opposite end of the spectrum. I look for higher mileage cars, but rare ones. So I knew I wanted a 993 C2S, so I found the lowest priced one that had records, wasn't perfect, and some miles but did not pay market price.
Same with my 1999 Ferrari 360 Modena. It had 26k miles, just serviced at dealership, got it for under $105k when others with 10k to 20k miles are selling for $120-$140k. Meant to be driven, plus those garage queens have more issues sitting around.
Just my way of looking at cars.
Same with my 1999 Ferrari 360 Modena. It had 26k miles, just serviced at dealership, got it for under $105k when others with 10k to 20k miles are selling for $120-$140k. Meant to be driven, plus those garage queens have more issues sitting around.
Just my way of looking at cars.
#70
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Just sold my '80SC before picking up my 993. Was curious, so I did the math -
-Roughly 3K in fixes across two years of ownership
-What I bought it for vs what I sold it for 2 years later (profit $800)
$3,000 - $800 = $2,200
$2,200 / 24 months = $92 p/month
Not bad. You can't even get a Neon for that.
-Roughly 3K in fixes across two years of ownership
-What I bought it for vs what I sold it for 2 years later (profit $800)
$3,000 - $800 = $2,200
$2,200 / 24 months = $92 p/month
Not bad. You can't even get a Neon for that.
#71
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Value, lets see....this is a white 97 C2. Original cost when new with options was $79K, I picked it up in 2000 for $53K. Baseline estimated price with 55k on the odometer is approximately $32K. Sorry, no appreciation here but I've enjoyed the car. I have no complaints except for a warranty issue with PCNA concerning the SAI issue and unwillingness to help fix the problem at the time. I appreciate how well this car has held up and would do the same again. As far as the bottom of the 993 market $$ value this will be determined by the market place and the demand by individuals who wish to own one of these fine cars. Only the future will tell Cheers!
#72
Resurrecting a thread I originated almost exactly 7 years ago. Only because some may be interested in the opinions back then. Many comments about eventually being able to buy a 993 for as low as the high teens....
I took my 993 in today for its biannual oil change and my mechanic told me (essentially offered) to sell my car for far more than I imagined, in about 10 minutes by making a couple of phone calls.
I guess we have reached the inflection point I wondered about in the first post.
I took my 993 in today for its biannual oil change and my mechanic told me (essentially offered) to sell my car for far more than I imagined, in about 10 minutes by making a couple of phone calls.
I guess we have reached the inflection point I wondered about in the first post.
#74
Burning Brakes
This was interesting reading the OLD comments in 07....this last of the bread has been boast for years, but now they are seeing their true calling as a rare breed...if you can enjoy this "stock or piece of art" you can sit in and experience, life is good if one can break even after years of enjoyment.
#75
I like the inflection point idea. If we look at all the older low mile 911 turbos is there a point where we reach a percentage, just to through out a number, such as 50% of MSRP where the appreciation returns them to the original MSRP? Is there consistency in the bottom? Is 50% too low? Do they get lower? Do low mileage 911 turbos hit 50%? I'm wondering at what point will be the right point to buy the last of the manual 997.1 Mezger turbos? The 09's are getting close...