Investment car
#1
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Investment car
http://www.parkhaus1.com/detail-1998...-15374036.html
I have some disposable money and rather than keep it in the bank Im thinking of buying a 993. Its a way of using my money and having fun with it as well.
This car has me intrigued. I need opinions please.
I have some disposable money and rather than keep it in the bank Im thinking of buying a 993. Its a way of using my money and having fun with it as well.
This car has me intrigued. I need opinions please.
#2
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This is not an investment grade car. Lightly optioned - geez the MSRP was $5k less than my '97 C2. Not a very desirable car IMO and will not appreciate in value. Love the "highly desirable" 17" wheel option spin. Who writes this bs?
Besides not being anything special the car looks relatively unloved. Looks like an aftermarket amp taking up half the trunk, dash gauges rubber surrounds are falling apart, dirty engine bay, even the paint code sticker is gouged - how does an owner manage that?
My opinion? Wait for something better and put your money in a Vanguard S&P index fund.
Besides not being anything special the car looks relatively unloved. Looks like an aftermarket amp taking up half the trunk, dash gauges rubber surrounds are falling apart, dirty engine bay, even the paint code sticker is gouged - how does an owner manage that?
My opinion? Wait for something better and put your money in a Vanguard S&P index fund.
#4
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This is not an investment grade car. Lightly optioned - geez the MSRP was $5k less than my '97 C2. Not a very desirable car IMO and will not appreciate in value. Love the "highly desirable" 17" wheel option spin. Who writes this bs?
Besides not being anything special the car looks relatively unloved. Looks like an aftermarket amp taking up half the trunk, dash gauges rubber surrounds are falling apart, dirty engine bay, even the paint code sticker is gouged - how does an owner manage that?
My opinion? Wait for something better and put your money in a Vanguard S&P index fund.
Besides not being anything special the car looks relatively unloved. Looks like an aftermarket amp taking up half the trunk, dash gauges rubber surrounds are falling apart, dirty engine bay, even the paint code sticker is gouged - how does an owner manage that?
My opinion? Wait for something better and put your money in a Vanguard S&P index fund.
No more stock market for me. Im done. If I spend my hard earned money it will be on Porschii.
#5
- its an S, it will be worth more than your C2 all day long
- that 'amp' would be the stock air pump kit
- rubber trim rings are a greasy reflection from dressing i think
#6
Drifting
Never buy a toy as a potential investment. Buy what you like and enjoy it and hopefully your choice will appreciate over time. If it doesn't, you've enjoyed your "investment".
Cheers.
Cheers.
#7
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Good luck on your hunt. The paradox we see often, is that a car's value starts to escalate, and then the owner becomes "scared/concerned" to drive it because it's now "worth so much money" and a potential risk.
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#8
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Thought about this as well but hate the seats. Just like my 997...uncomfortable over a period of time.
I drive my 356 often and intend to do the same with next Porsche. Tired of driving my truck out.
#9
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With only 2x,xxx miles the Mobile 1 sticker is missing in the engine bay? Why do the bezel's on the instrument cluster look beat up ? I would look at a 964 Turbo first then 993 turbo then the NA S cars.
#10
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IMHO, if my car doesn't lose 10% of what I paid for it annually, it's already a good buy. If it holds its value then it is a great buy and if it appreciates more than what I get from the bank then it is better use of my cash than leaving it in the bank. Having said that, I also look at how much I pay per mile during my ownership from the cost of insurance, registration and maintenance and my way of "investment" is to get more joy out of it by driving the car more. I'm paying roughly $1/mile for the last 2.5 yrs for my 993 now.
#11
Race Director
seriously. Someone who comments on the collectability of cars should know something about them.
that looks like a nice clean car.
Investment? no chance. If you drive it, the value drops. You'll have to fix at least a few grand worth of stuff. Insurance!
If you are just looking for a store of value, this might do ok. Appreciating further into the future...not for a while.
#12
Race Director
i'm sure they would clean up fine.
Seems like some hints of jealousy here.
#13
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I don't know. It looks like a good car FROM THE PICTURES, which obviously can be deceiving. It's hard to say about the gauges and the wear around them.
I think it's great having these cars but they need to be driven. Buying them as an investment to never drive them is a shame and not great mechanically for the car.
Are you close by to go and have a look at it? I would suggest to go and look at as many as you can and you begin to get a good impression of the cars. I bought mine sight unseen but it was from a verified - certified PCA member enthusiast. He included tins of Porsche mints with the purchase! So I bought the owner...
Good luck on your hunt. IMO it's actually as much fun and the actual ownership...
I think it's great having these cars but they need to be driven. Buying them as an investment to never drive them is a shame and not great mechanically for the car.
Are you close by to go and have a look at it? I would suggest to go and look at as many as you can and you begin to get a good impression of the cars. I bought mine sight unseen but it was from a verified - certified PCA member enthusiast. He included tins of Porsche mints with the purchase! So I bought the owner...
Good luck on your hunt. IMO it's actually as much fun and the actual ownership...
#14
Nordschleife Master
Air-cooled values have done nothing but declined in 2016. The asking price on that car is stuck in the 2015 frenzy price run-up period. If that car was on BringATrailer today, its auction probably wouldn't even reach six-figures.
#15
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Pat, it looks like a really sweet car to me. It's a desirable exterior and interior color and has low miles. If I had $130,000 that I could spend on a car, I'd consider this one.
As for it being a fun investment that you plan on driving on a regular/semi-regular basis, I'm sure you know that the value drops the more you drive it, to which I say "Who cares?" You'll still have a classic car that has a high probability of being worth more in the next ten years.
As for it being a fun investment that you plan on driving on a regular/semi-regular basis, I'm sure you know that the value drops the more you drive it, to which I say "Who cares?" You'll still have a classic car that has a high probability of being worth more in the next ten years.