I have an opportunity to purchase a 1997 993 cab from a collection with less than 10k miles, Turquoise blue/black (Turquoise blue is nonmetallic and slightly darker than Rivera blue), nicely optioned with sport seats, 6 speed manual, heated seats, xenon lights, 18in. technology wheels, hifi sound.

The car is in "as new" condition as would be expected for a car always garaged with less than 10k miles. 100 percent factory stock and cared for with all books and records.

If this was a 1997 993 turbo it might fetch $200,000 in today's fevered market, given the unique color and low miles. Thus, I am thinking $100,000 for a cab may reflect the market.

Any thoughts and input would be highly appreciated as I contemplate this purchase.

Thanks

 

if its is really mint price is not unreasonable

 

I haven a very different opinion about these low mileage cars. Sounds great, but just know that there will be expenses related to seals & gaskets if you plan on driving it. If not, buy it as a museum piece & raise the value of my car by taking it off the road. Go for it!

 

If it passes a PPI, yeah, it can be a 100k car. Would be in coupe form.

 

Thank you for the input and thoughts. My idea is to store the car for the next two or three year for five years, whatever it takes as an investment to see what the markets like at that time.

Hopefully the air-cooled market will continue to appreciate as low mileage examples go away and those/the collectors looking for original cars will be forced to chose among restored cars where matching number drivetrain components will even be a challenge.

Before going forward I will check this car very carefully. But I was present and participated in the inspection when the current owner acquired the car from the first owner.

Again, the color pop on the car is Hugh.

 

if for investment I would look for coupe, or any special model car (low numbers).

 

Agreed on the low number edition for investment, but not on the market value of coupes relative to cabs. While I personally prefer coupes as drivers cabs bring more in the market. This is one car of 14 of which only 3 came to the US color wise. The low miles I believe contributes to the value.

I sold a 1996 993 TT back in 2012 for the unheard of price of $110k. Nobody thought it was possible, but the car was Polar Silver/black with 13k miles. Sold in one day and set the market at the time. Same car today is $175k. There were well over 100 of those cars (same color combo) imported into the US.

Maybe I'm wrong, and that's the purpose for the post and inquiry. But I don't think the prospective car being a cab rather than a coupe is a negative here.

I may be wrong though, and again invite input to flesh this out.

Thanks

 

GTman...hope this helps you make an informed decision.

1. Are you aware that even though tiptronics cost more than 6 speeds and there were fewer of them, they command a much lower price. Kind of goes against your hypothesis as to why cabs should be priced higher than coupes.

2. Four factors drive value; condition, miles, body style and colors/options. Any low mileage, concours condition 993 in a rare and desirable color will command a higher price than a higher mileage driver in a common color of the same body style. What you don't seem to realize (possibly due to low post count here) is that "apples to apples" coupes sell to a premium over cabriolets. It's been documented ad nauseum here, through completed listings analysis and with virtually every major re-seller of air cooled Porsches.

3. At $100k, this Porsche, based on what you've posted is fairly priced, albeit at the high end of the spectrum. As for future appreciation, who knows. Between sales tax, insurance, storage costs and the "cost" of the money, you'll probably will have invested $110,000+. If the economy is strong and collectibles are viewed as a hedge, you might make a few dollars. If not, you might break even or even lose a bit.

4. Why your 993TT thoughts are misguided. 2-3 years ago the pricing differential between turbos and normally aspirated 993's narrowed considerably. Regardless of production figures, the market recognized this and quickly drove the price higher. Don't look in the rear view mirror when thinking about future appreciation. Rarity doesn't always equate to value.

My recommendation: Buy the damn car and drive it. Life is too short. Find an alternative "investment" to maximize your capital. Even if you do drive it 3-5k miles per year for 5 years, it will still be worth 80% of what it would be if you didn't drive it at all.

 

It's a shame that nobody's ever driven that car.

Since it appears you're in it to make money, you should have just kept the Turbo. I don't believe the appreciation potential of a Cab is the same.

/

 

$100k for a Turquoise Blue / Black cabriolet , 6 speed and 100% stock .
BUY IT and do what ever you want to do with it , you will never regret it , you paying for
1) RARE Color
2) LOW mileage car
3) 100% stock unmolested
4) sport seats
In 5 years this car will be worth $150k +
I have a 1997 C4s with 20k and have been offered triple of what I paid .
I say buy it and if you don't buy it can you please pass the seller info to me because I will buy it , good luck

 

Ok, as long as you say so.

 

As one reference point, Canepa has a '95 6spd cab with 12k miles for ~$125k, so yours seems like a relative bargain

 

And im sure it doesn't have sport seats or is a rare color

 

Turquoise Blue, black heatedsport seats, 6-speed, technology wheels, and litronics. That's one nicely optioned car. Make sure the appropriate option codes are on the sticker.

Sorry but I just don't think "the market" has much legs left. Crash? I doubt it. But I just can't see things going much higher. The enthusiast owner is priced out at this point. I don't regularly comment on value threads (meaning most threads thes days) but this car sounds unique.

 

o

Run Opo run...at "150 in 5 years" you'll still make money.

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