db997

Just had a PPI done on a 97 993 TT silver / grey interior. 45K miles

We agreed on $120K.

Results from the PPI were:

Few leaks: shaft seal / oil pressure sensor

bottom trey on car are missing

AC not blowing cold

Door brake broke off (body shop will have to do it)

bad repair (weld) on sunroof deflector

Other smaller items.


BUT

the main issue for me was front and rear passenger side fender have been resprayed (and blend a bit into the passenger door).



I know this car is a driver but at these price they are collectible. And would expect anyone buying this car at these prices to inspect it thoroughly.

What do you think?

How bad is having 2 resprayed panel on this car for collection value

Thank you

911F1

$120k for a 45k mile TT seems like a good price. If you want all original paint car with less issues, I would think your looking at $150k +. So I think you need to decide what level of a car you want. Don't fall into a car just because you had a PPI done. Its money well spent to find the right car. I'm sure most people on this board have paid for numerous PPI's including myself and were glad they didn't buy the car.

db997

understood.

So do you think in 10 years if values are up, and today it is 120k for my car and 150 for a cleaner car, would the gap narrow / stay the same / or increase ? Say cleaner car at 200 mine at 170.

I would assume as cars are getting older more and more are getting resprayed completely?

911F1

I think the margin could start to widen on the car in better shape. But, I wouldn't buy the car as an investment being your first thought. Buy the car you want to drive. Let the market do its own thing.

goofballdeluxe

I think if investment is your primary concern, you shouldn't even be thinking of buying a car with any re-spray or over, say, 20K miles.

45K miles with re-spray, a grey interior and planning on driving it is not a quality investment grade car.

Onami

I agree...pass and find another with no issues.

db997

Started looking again

Found a non local car. 96, polar/black with 23K miles, asking is 175K ouch...

What do you guys think would be a good target price for it?

The owner of the dealership should call me back soon.

goofballdeluxe

I think I miss the old Rennlist.

That said, keep it under 25K miles, only black interior, never drive it, wait at least 10 years and then hope.

Good luck.

gonzilla

FIFY

OverBoosted28

Maybe re title thread, "As an investment.......would this be a good buy"?

db997

Let me clarify.

Collecting is new to me. I have a few cars now that are all bad in terms of depreciation, I always wanted a 993TT silver.

I want to start owning car that make sense financially as well as "emotionally".

I learned that you can basically own cars you like for very little to no money and maybe even Come out ahead.

I just want a car that I can enjoy, I wont drive it much because I have other cars. And that will appreciate in value AND be desirable in 10 years.

So, putting less then 1000 miles/year how much will a silver 993TT be worth in 10 years with 55K miles?

At this point, I am thinking about maybe using the PPI and try to get the price a bit lower maybe another 5-7K.

Thanks for all the comments

TTKan

Everyone has different reasons for owning these cars so I don't think it is constructive to pass judgment on your intentions, but I will offer a few thoughts from 30+ years of experience. I have owned 20+ air-cooled Porsches and never lost money on a single one of them. I cannot say that for any other German brand, including BMWs and Mercedes. I did not buy the Porsches for investment purposes, but I do think I enjoyed them a wee bit more because I was confident I would not lose money on them when we parted ways. Hence, be discriminating and recognize that the cheaper car today is not necessarily the best purchase over the medium-term or long-term.

Good luck with your search, be patient and wise!

goofballdeluxe

Problem is, no one here knows.

In 10 years, autonomous cars may be the new thing, and sentimentality for old school cars could be a rage and it would be worth $500K.

Or, some missteps by current world leaders could result in a nuclear holocaust and then it would be worth nothing.

Very few cars are blue-ribbon investment cars, and even tho the 993TT has done well, the very best advice would be to buy one because you want to drive and enjoy it, not as an investment.

bw993

It's probably safe to say that your 993TT, which you intend to drive will be worth $120K with 55K miles in 10 years. As an investment, it's not very appealing since you will have had $120K earning little to no interest for 10 years. Buy the car to drive or buy it to invest (aka "park and hope").

993964

I think most people definitely weigh in the financial aspect of purchasing a classic/modern classic car. I personally believe it's very smart of you to purchase a car that you can enjoy and treat as an investment.

If I was thinking about a 993TT investment/light driver, I would follow the guidelines below:

1. Paint would have to be original. I'd have a reputable body shop paint meter the entire car every 6 inches. I would pay special attention to the front and rear windshield areas, headlight buckets, and basically anywhere that 993s like to rust. Have them check for any accident repairs very closely.

2. I'd want the car to be a 1 to 2 owner car from a desirable area of the country, probably California.

3. I would look for an example with rare options or a lot of options. I know you want a silver car, but I wouldn't let other desirable colors go unnoticed. I would definitely prefer a black interior, but a special color interior like flamenco, chestnut, or Boxster red would be nice. I wouldn't buy a car with a gray interior.

4. It would have to be extremely well documented, have all the original keys, window sticker, tool kit ect..

5. The lower the mileage the better. I would want to stay in the 30s-40s if at all possible. But getting a much better price for slightly higher miles might be the way I would go.

6. 100% stock would be a must.

I personally believe that 993 and 993tt models will continue to increase in value. Especially nice ones. That being said, I don't think 120 for a 45k mile example is bad. However, the car would have to meet my other criteria - which the example you are looking at doesn't.

If you can afford a little more, I don't think a 20s mile car for 140ish is bad. I think that even if you can sell in 10 years time without having any depreciation or some gain is all good.

Good luck and let us know how it goes.