I am not sure if anyone expected the meteoric rise in prices the last 5 years. I personally did not. It seems almost crazy to look back on past auctions and past listings to see nice, low milage cars selling for $100k when the same cars would be $200k to $250k now. Obviously these cars are coveted and low production so it makes sense they would appreciate but was anyone expecting them to appreciate that quickly, that fast? Given the rapid rise, could we expect more of the same or surely there has to be some kind of upper limit to what people are willing to pay? I am wondering if I have a couple years to keep saving and wait for the right car or if speed is more paramount before these become unattainable. I would most likely prefer a higher milage driver quality car at the lower end of the spectrum. I don't own one of these yet but would like to in the near future so any input is appreciated. Thank you.

 

Pure speculation, but over time the driver examples will probably not appreciate the same (even in percentage terms) because the cost of repair, maintenance, or restoration is so high and rises with car age. So, if you are targeting a higher mile, less than perfect example, you are probably in better shape waiting vs. the scenario where you were looking for the best example. That said, the explanation for that prediction is that you will be buying a car that probably has a larger expected cost to own (even larger in the future than what it would be today or in the past).

My 2c, and I could be entirely wrong.

 

Trying to figure out what values are going to do in the future is anyone's guess imo. Let me tell you my experience in kind of a similar situation, it was the start of 2013 and I was giving some thought to buying a 993 Turbo S at the time. I could have bought a beautiful low mileage car for about 225K, I ended up not buying at that time. It's the start of 2014 and again I revisit the thought of buying a Turbo S once again, only to find out to my chagrin that prices had taken a huge leap forward to about 400K plus. I sat there and thought no way am I going to pay double what they were last year at this time I will just wait, well they really did not adjust down much at all. Fast forward to this year a friend buys a beautiful Turbo S, so it got me thinking about buying once again and this time I pulled the trigger and did it, however in doing so I paid way more than what I would have in 2014. I have no idea if the Turbo market will have the same crazy performance as the Turbo S Market but if it does you might be well served to act soon. Hope my experience helps you out, good luck.

 

I think these will be $500k cars in no time soon. With all the new stuff being $200k for a base and $400-500k for something somewhat special. Then yes, it's pretty easy to conclude that the special cars like the 964 turbos and 993 turbos which were not produced in large amounts will be even further sought after. The new cars have lost their souls IMO making the older stuff that much more special. I remember when I bought my 991.1 RS I was contemplating buying the 997.2 RS I found one with sub 5k miles in 2018 I believe with the grey and red combo for $150k, and we are here now busting into the $400k range for that same car.

 

To predict the future value of high end cars, you first must predict the Economy. If things happen to go south on the latter, with a severe Recession the first things to go are vacation homes and collectible cars as stock portfolios melt away and housing values either stagnate or begin dropping. Add in job losses, inflation, and high interest rates and car collecting values can get cut in half.

If the economy stays healthy, then the 964 and 993 Turbos will likely keep appreciating. After all, they ain't makin' them anymore.....

 

Nice write up. This is very helpful.

 

These cars will continue to rise in price because nothing even similar will be produced. Everyone knows that for some time now, cars have been designed by accountants, not engineers, and corporations' profits are paramount, regardless of everything else. I think this will apply to everything, including the 991, because the 992 is an absolute joke.

 

I have to disagree. My 992 is my favorite 911 and I have owned them all starting with a 1970 911E. My 993 C4S I had 20 years ago was a handsome car, but slow and ill-handling on a track compared to its contemporaties of the era.

 

Every dealer is flipping these cars while raising the price 10% each year.

 

Been in the market the last few months. Tough to price a 50k+ example right now. BAT has 30k examples in the 270k range but most classified listings are 30-60k higher than that. It is interesting how much dealers and brokers ignore the public auctions when selling a car, and BAT is known to sometimes hammer above market.

I personally think a 50k example is in the low $220-240k range depending on options and condition. Still a lot of money for a 50k mile car but I still want one.

I don’t know about a run up to $500k. Seems a bit optimistic to me.

 

I felt the same way as I watched the 997 RS continue to climb into the $400k range when they used to be $150k 7 years ago.

 

Sky is the limit! 1997 Porsche 911 Turbo S With Just 92 Miles Seeks $2.4 Million - Rennlist

 

I own 2 993 tt’s . A 96’ and 97. The 97’ have 46k miles , I’ve purchase from Brumos brand new then. My 96’ have 80k miles. This car will need engine, transmission overhaul n in the next 20k miles according to my shop that been taking care for many years. I don’t drive the cars enough to tell you what else it needs. Going by that statement given my my technician, wonder what it would cost to do those repairs…. ????

 

I would find a new "technician"

 

Technician is looking to pay off some of his large bills. 993TTs are actually not as susceptible to valve guide issues like the NA motors perhaps because of the lower compression. As long as the turbos are properly warmed up and cooled down then it should be more reliable. You using oil with enough zinc additives or just going with whatever your "mechanic" says?