How much would you pay for a 95k mile 993tt???
01-30-2011, 10:45 PM
#16
Rennlist Member
Join Date: Aug 2005
Location: I should be in TNT for Carnival!
Posts: 10,184
Received 302 Likes
on
247 Posts
Not so hypothetical
There's one in the RL classifieds now
116,000 miles asking $49500
Plus 2 more +/- 90k miles sub $50k on Autotrader:
http://www.autotrader.com/fyc/vdp.js...standard=false
http://www.autotrader.com/fyc/vdp.js...standard=false
There's one in the RL classifieds now
116,000 miles asking $49500
Plus 2 more +/- 90k miles sub $50k on Autotrader:
http://www.autotrader.com/fyc/vdp.js...standard=false
http://www.autotrader.com/fyc/vdp.js...standard=false
the ^ silver one is what I spoke about earlier and the black -second one - has been for sale for some time, infact it is advertised at a lower price on another site....
02-02-2011, 05:44 PM
#17
Race Car
Hypothetically speaking, if the economy rebounds strongly in the next few years, some enthusiasts continue to keep some of the collection of Turbos in the garage as queens, the Euro rebounds and more of our cars take a trip over to the motherland, couldn’t the value remain pretty flat (very little depreciation) and even possibly go up (slightly)????
02-26-2011, 10:21 AM
#18
Advanced
Join Date: Jul 2008
Location: Atlanta, GA
Posts: 60
Likes: 0
Received 0 Likes
on
0 Posts
I had a PPI done on the black one a couple months ago and I'm guessing it will be there for a long time if other buyers do the same.
02-26-2011, 07:40 PM
#19
Addict
Lifetime Rennlist
Member
Lifetime Rennlist
Member
Mattnshilp, I think I know what you're trying to do. You are trying to figure out your depreciation hit if you buy that Turbo. Right?
I am NOT a big subscriber to depreciation. I say this because, to me, depreciation (as related to a Porsche) implies a loss in value without receiving a perceived or true benefit in return. Nothing could be further from the truth by being a Porsche owner, especially a 993TT owner. We receive a LOT in return for the cost of admission.
I fully expect my Porsche toys to be worth less each year. Not because they "depreciated", but because I have "consumed" part of the car's value and received a great benefit during the ownership experience during that time period. Nothing’s for free. Some of us are getting paid dividends.
Maybe I am just trying to "justify" things to myself. Let's face it, no one needs a Porsche. These are toys. But I challenge you to think differently about depreciation. It's a bit of a paradigm shift.
I am NOT a big subscriber to depreciation. I say this because, to me, depreciation (as related to a Porsche) implies a loss in value without receiving a perceived or true benefit in return. Nothing could be further from the truth by being a Porsche owner, especially a 993TT owner. We receive a LOT in return for the cost of admission.
I fully expect my Porsche toys to be worth less each year. Not because they "depreciated", but because I have "consumed" part of the car's value and received a great benefit during the ownership experience during that time period. Nothing’s for free. Some of us are getting paid dividends.
Maybe I am just trying to "justify" things to myself. Let's face it, no one needs a Porsche. These are toys. But I challenge you to think differently about depreciation. It's a bit of a paradigm shift.
Before purchasing any car, I run a 5-10 year analysis of it's total cost as part of the buying decision (of which depreciation is certainly part of), and to be aware of what i am getting into. However, this is just ONE input into the decision ; there are "wants" and rewards come into play that run against the "costs". The decision is based on exactly what you are talking about ; are the wants that are being met and the benefits received worth the cost?
The total cost of ownership should include the opportunity cost of the capital outlay (i.e.. what you could make on that money if invested), the interest if borrowing to purchase the car, depreciation, insurance, maintenance (oil, tires, brakes, wear items), and even upgrades.
To me, the final decision to buy or not to buy are an evaluation of a set of weighed factors, of which the financial cost of ownership is just one. Other factors, like looks, prestige, uniqueness, driving pleasure all come into play. I usually use a weighed calculation to figure out the final ranking.
This balance is different for each person ; there is no way for my wife that a 993 in any manner could be justified, for her cost outweighs any other factor ; for me it's the other way around since the total cost of a 993 is less than the benefits I receive.
For my 993 Targa, I will admit my model was wrong when I did it in 2002, I did not anticipate some larger cost items that arose (like the roof replacement and the top end) which would I have known before purchase would have moved the cost to be greater than the benfiits, and the purchase would not have occurred.
I am always surprised that people do not think of total cost of ownership, and just spontaneously buy, and then complain on how much money they "lost" on exit. If you run a reasonable model up front it will help and even feel good at the exit since you will know that your decision was a good one.
How can you tell I am an engineer?
Cheers,
Mike
