Notices
993 Forum 1995-1998

Depreciation on 993's

Thread Tools
 
Search this Thread
 
Old 12-25-2015, 11:26 AM
  #46  
Marciano
Intermediate
 
Marciano's Avatar
 
Join Date: Nov 2015
Posts: 46
Received 0 Likes on 0 Posts
Default

Originally Posted by Quadcammer
If you leave them in a hermetically sealed chamber and rub them with only the finest microfiber cloth once a week, they should hold their value ok.

if you actually use the thing, forget it, they lose plenty of value when you add the mileage.

Do I think they are going to appreciate significantly in the next ten years, not a chance in hell.
Looks they are appreciating significantly. Now 993 TT low mileage in the 200's.
Hope in the next 5 years in the 500's
Old 12-25-2015, 03:41 PM
  #47  
NC TRACKRAT
Rennlist Member
 
NC TRACKRAT's Avatar
 
Join Date: Jun 2008
Location: Winston-Salem, NC
Posts: 3,947
Received 427 Likes on 271 Posts
Default

Reading this thread from five years back will be of interest to many. Check out the "crystal ball-gazing" and see who could foresee the future and who could not. Our beloved 993's have achieved "cult" status.
Old 12-25-2015, 06:35 PM
  #48  
autobonrun
Rennlist Member
 
autobonrun's Avatar
 
Join Date: Mar 2003
Location: kansas
Posts: 2,709
Received 403 Likes on 255 Posts
Default

Originally Posted by NC TRACKRAT
Reading this thread from five years back will be of interest to many. Check out the "crystal ball-gazing" and see who could foresee the future and who could not.
I've been going back for some time now looking at predictions on multiple threads like this. It's funny at the time just how certain they are of their opinion. I remember that fact when people today predict car values in the future.
Old 12-25-2015, 08:10 PM
  #49  
PRSWILL
Rennlist Member
 
PRSWILL's Avatar
 
Join Date: Nov 2013
Location: Minneapolis
Posts: 2,446
Received 436 Likes on 289 Posts
Default

Marciano- I'd like to see ACTUAL sales of TTs . I doubt seriously If low mileage TTs are selling for 200s . There are a lot of hopes and dreams out there - but few cars make the cut when you get up into that rarified air - twin turbo S cars - that's another stry
Old 12-25-2015, 09:15 PM
  #50  
Marciano
Intermediate
 
Marciano's Avatar
 
Join Date: Nov 2015
Posts: 46
Received 0 Likes on 0 Posts
Default

Originally Posted by PRSWILL
Marciano- I'd like to see ACTUAL sales of TTs . I doubt seriously If low mileage TTs are selling for 200s . There are a lot of hopes and dreams out there - but few cars make the cut when you get up into that rarified air - twin turbo S cars - that's another stry
I bought mine for 195 (13k miles, collectors condition) last summer. After looking for almost a year, this was the best deal I found in a pristine low mileage 993 tt
Old 12-25-2015, 09:51 PM
  #51  
997rs4.0
Race Car
 
997rs4.0's Avatar
 
Join Date: Nov 2013
Location: Europe
Posts: 4,478
Received 110 Likes on 56 Posts
Default

Bought my 993tt with 55k miles 2 years ago for $75. Collector condition. So obviously big difference in price when it comes to very low mileage cars.
Old 12-25-2015, 09:58 PM
  #52  
saneproductions
Racer
 
saneproductions's Avatar
 
Join Date: Aug 2013
Posts: 364
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by Stealth 993
It will hold it's value way more then any NEW car!

What I have been seeing is high mile, beat up cars are cheap (under $30k), mid mile, cared for cars are in the $30K range. Garage queens are in the $40k range. C2S & C4S just add 20-40%

I paid $35k for my 95 C4 a little over 3 years ago, & feel it's still around the same sale price.
Michaels prediction is spot on. I have had his C4 for several years now and it has appreciated quite a bit. It appraised for 41k a year ago. With the fresh 3.8 I need to figure out what agreed value to get for insurance.
Old 12-26-2015, 01:17 AM
  #53  
geno-d
7th Gear
 
geno-d's Avatar
 
Join Date: Apr 2015
Location: Wyoming
Posts: 7
Received 0 Likes on 0 Posts
Default

Originally Posted by saneproductions
Michaels prediction is spot on. I have had his C4 for several years now and it has appreciated quite a bit. It appraised for 41k a year ago. With the fresh 3.8 I need to figure out what agreed value to get for insurance.
FYI, I just got an agreed value insurance policy from ANCAP (Chrome modern classic) a month ago for my '95 993. $75k. That was based on a professional appraisal done a few months ago (same guy I use every 3 years, though I accelerated it a year given recent appreciations). I bought new in '95 for $75.5k, so price has gone full circle. It's a C4 Cab with 20.3K miles on it, dealer maintained.
Old 12-26-2015, 03:55 PM
  #54  
saneproductions
Racer
 
saneproductions's Avatar
 
Join Date: Aug 2013
Posts: 364
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by geno-d
FYI, I just got an agreed value insurance policy from ANCAP (Chrome modern classic) a month ago for my '95 993. $75k. That was based on a professional appraisal done a few months ago (same guy I use every 3 years, though I accelerated it a year given recent appreciations). I bought new in '95 for $75.5k, so price has gone full circle. It's a C4 Cab with 20.3K miles on it, dealer maintained.
Thanks for the info! That is so cool!
Old 12-26-2015, 04:45 PM
  #55  
Marciano
Intermediate
 
Marciano's Avatar
 
Join Date: Nov 2015
Posts: 46
Received 0 Likes on 0 Posts
Default


Originally Posted by PRSWILL
Marciano- I'd like to see ACTUAL sales of TTs . I doubt seriously If low mileage TTs are selling for 200s . There are a lot of hopes and dreams out there - but few cars make the cut when you get up into that rarified air - twin turbo S cars - that's another stry


Just found this advertisement in the classified part of the forum. <br/>199k for a 993 non turbo. <br/>I'm sure the selling price will be no les than 25% of the asking price. !<br/>Interesting!<br/>I am following close. This will give us actual prices...
Old 12-26-2015, 09:04 PM
  #56  
PRSWILL
Rennlist Member
 
PRSWILL's Avatar
 
Join Date: Nov 2013
Location: Minneapolis
Posts: 2,446
Received 436 Likes on 289 Posts
Default

There's a whole pricing thread out here. My comments are just that- I am not a dealer and not trying to tell anyone they overpaid for a 200k 993 in any form. But I do see a lot of cars ( search cars.com) well into the 200k plus range that are not selling. Granted any car in this range has a very select audience and I am sure most are in perfect condition at that range- but I think there's a lot of dealers out there hyping the market too. See Park Place in Bellevue Washington- they have a 700k 993tts - that is insane. For my sake I hope every one gets a lot for their cars- my C4S is never going to be top of the market due to miles- but then again who knows in 20 years.
Old 12-26-2015, 09:07 PM
  #57  
PRSWILL
Rennlist Member
 
PRSWILL's Avatar
 
Join Date: Nov 2013
Location: Minneapolis
Posts: 2,446
Received 436 Likes on 289 Posts
Default

Marciano- I'd love to see some pictures of your TT as well- am sure I am not alone! I'm sure it's a sweet ride
Old 12-27-2015, 01:45 PM
  #58  
Railmaster.
Three Wheelin'
 
Railmaster.'s Avatar
 
Join Date: Feb 2015
Posts: 1,480
Received 107 Likes on 78 Posts
Default

Originally Posted by Quadcammer
If you leave them in a hermetically sealed chamber and rub them with only the finest microfiber cloth once a week, they should hold their value ok.

if you actually use the thing, forget it, they lose plenty of value when you add the mileage.

Do I think they are going to appreciate significantly in the next ten years, not a chance in hell.

Can "Quadcammer" comment on this?
Old 12-27-2015, 02:24 PM
  #59  
Quadcammer
Race Director
 
Quadcammer's Avatar
 
Join Date: Nov 2006
Location: Clifton, NJ
Posts: 15,629
Received 1,369 Likes on 793 Posts
Default

Originally Posted by Railmaster.
Can "Quadcammer" comment on this?
Was I wrong? Yes. Do I think the are worth these inflated prices? Absolutely not.

Do I think it's sustainable? Nope
Old 12-27-2015, 02:35 PM
  #60  
logan2z
Three Wheelin'
 
logan2z's Avatar
 
Join Date: Oct 2008
Location: Los Gatos, CA
Posts: 1,256
Likes: 0
Received 2 Likes on 2 Posts
Default

Originally Posted by geno-d
FYI, I just got an agreed value insurance policy from ANCAP (Chrome modern classic) a month ago for my '95 993. $75k. That was based on a professional appraisal done a few months ago (same guy I use every 3 years, though I accelerated it a year given recent appreciations). I bought new in '95 for $75.5k, so price has gone full circle. It's a C4 Cab with 20.3K miles on it, dealer maintained.
Interesting, thanks for sharing that info.

I've been thinking about getting an AV policy for my 993 again but don't really have a good handle on the car's value at this point. I had a PCA appraisal done when I bought the car 7 years ago and at that time it was valued at $45K. I'm guessing it's worth considerably more at this point but I'll have to do some research in order to come up with a realistic number for insurance purposes.


Quick Reply: Depreciation on 993's



All times are GMT -3. The time now is 09:02 AM.