New Breed Porsche Owners - Car=Disposable Commodity?
#19
It's hard for me to fault any short-term'er when it comes to flipping a newer p-car (except maybe a GT3 RS). While they offer a lot, they don't have that special 'something' that would make me want to own one forever (like my 993 or an earlier 911). I see most newer cars going that direction; lot's of plastic and lot's of electronic gizmos, doodads, added weight, electronic nanny, etc. I'd really like to drive a Cayman S around for a while, but probably only for a while. For a lot less money, I think I'd prefer a Mitsu Evo X (or IX) or possibly a Subie WRX STI than a Cayman (yes, even w/ the boy racer image they project). Give me a new GT3 RS, and I may decide to stay a while though.
Regarding some of the older/classic cars, there are plenty I can check off as keepers. Many more than the new generation of autos...
Regarding some of the older/classic cars, there are plenty I can check off as keepers. Many more than the new generation of autos...
#22
Using percentage of production run comparisons - it would be illuminating to see how many 993's are around with their original owners.... I am not sure that the number would be very different from the water types after adjusting for lease turnover
On the other hand, the 2nd/3rd owners tend to be the enthusiasts who hang on long after reason and logic have departed (myself included)
On the other hand, the 2nd/3rd owners tend to be the enthusiasts who hang on long after reason and logic have departed (myself included)
Great point, I agree with you.
#23
I see things being pretty parallel to any period of the last 25+ years I've been into Porsches. And even earlier from the "old guys" I learned from re: S models or 2.7 Carreras. And everyone HAD to have a turbo when they came back as US cars in '86. Most of my customers sold them in a year or two. Ditto 911 cabs during that period, and slightly earlier. Quite a few new-to-Porsche owners got 944s in 83-85. Lots of single women, which made life pretty interesting for me about that time! But it was more that they got it as a check off on life's acquisitions, than starting a lifelong pursuit.
#24
I still think owning a porsche is a privilege, and a responsibility.
in fact I just finished slathering the seats of my 993 with color plus soffener so they will look as good in another 12 years.
the Cayenne GTS I bought I hope to hang onto for at least 10 years. there are tons on the road, almost common, but I still feel privileged that porshce made a 4 wheel drive to replace my toyota and I hope in a decade it looks just as sharp, and is just as much a joy to drive as it is now.
and what a privilege it would be to have the caymans get hammered in price and be an entry level car for when the kids turn 16!
in fact I just finished slathering the seats of my 993 with color plus soffener so they will look as good in another 12 years.
the Cayenne GTS I bought I hope to hang onto for at least 10 years. there are tons on the road, almost common, but I still feel privileged that porshce made a 4 wheel drive to replace my toyota and I hope in a decade it looks just as sharp, and is just as much a joy to drive as it is now.
and what a privilege it would be to have the caymans get hammered in price and be an entry level car for when the kids turn 16!
#25
I bought mine new for $46k, almost unheard of for a Porsche.
CP
#26
My '06 Cayenne S which is loaded (and had a sticker of about $73) is worth about $17K in trade right now. http://www.kbb.com/KBB/UsedCars/Pric...itions=#survey
The new Porsches (even 911's, but to a slightly lesser extent) fall in value faster than a skydiver without a parachute.
The new Porsches (even 911's, but to a slightly lesser extent) fall in value faster than a skydiver without a parachute.