treepeony

While its yours, sure. When you go to sell it, it's another story.
I have a 1961 MGA and got it when I was 17, so lots of sentimental value.
I spent $35k fixing it up and could sell it for $25k.And that was me doing most of the work. I'm looking to get a 996 and have no clue why its not more desired.
Jonathan

docmirror

I think using the adverb 'intrinsic' in front of 'value' it would be more accurate.

While many things can be valuable, for non-monetary reasons, in the capitalist market, value is typically referenced by it's financial worth. I used value specifically because I know that someone would point out that it's value is not representative of it's monetary worth.

5CHN3LL

I don't believe my car has intrinsic value beyond being a rather handy horseless carriage that can haul two people comfortably, two people and two quadruple amputees somewhat less comfortably, and a collection of said peoples' stuff. Since quadruple amputees don't typically pack many shoes or gloves, the cargo space turns out to be surprisingly-not-too-disappointingly-inadequate.

Any value placed on the car beyond this is extrinsic...a mental construct of a person belonging to a known-disturbed subset of the populous who insist that THEIR horseless carriages are somehow more valuable than those driven by rational people who don't choose cars known to self-destruct on a timetable known only to the gods and - perhaps - St. Raby, the patron saint of busted cars and mutilated wallets.

Also, I like compound adjectives and bacon.

extanker

non stop ballet

5CHN3LL

Not in the back seat. It's non-start ballet back there.

Billup

Where are you finding all these quadruple amputees and why are you hoarding them all to yourself?

808Bill

Invest in a vintage VW if you want a car to hold onto and make your money back...And they are cheap and easy to work on!

AnthonyGS

Buying a sports car and hoping to make money is like dating a hot young woman putting her through med school and saving her best sex for the next guy......

You should be driving it like you stole it to get your money's worth.

gnarbowski

People buy this car knowing it was mass produced compared to the iconic aircooled models. There is a very high chance that only the GT3, Twin Turbo, and possibly the C4S are the vehciles that may appreciate.

GT3's have already skyrocketed in value over the past 3-4 years. Enjoy these vehicles for the experience. They are a great buy for the price and are meant to be driven.

5CHN3LL

You don't really need to hoard them - you just need to keep track of where you last dropped 'em off.

moresyporsche

I read that there was 175,000 of 996's manufactured I read it somewhere so forgive me if it's not true, but let's assume the number is right. I wonder how many of 996's were Registured in Houston and other south Texas and how many were in the Keys and other flooded out areas in Florida? I really think there is a concentration of Porsches in those areas. I am not trying to reduce the misery of those horrific disasters. Just wonder what kind of toll it had on the 996 population, just thinking.

joseph mitro

although I don't really care about Hagerty or any other method of trending values, those lines look pretty flat. IE not appreciating OR depreciating for last 3 years.

like everyone above me said, I'm just driving it.

Mike Murphy

I also have a speadsheet that tracks my car purchases, repair and maintenance costs and sell prices over time. I actually feel really good about mine. You see, for every example of someone buying a new car off the lot, and losing a lot of money to depreciation and financing, I buy used, older cars, with cash, and I've historically retained, over the last 15 years, around 85% of the value. In other words, I've spent $100,000 on cars and have made $85,000 back when I've sold them, less repairs and maintenance. So I've driven some fun and great cars for about $1,000 per year.

Porsche 996s and investing are not alike in practically every way but one: "A good purchase is halfway down the path of a good sale." The 996 has pretty much hit bottom of the depreciation curve, so it's likely that there's only one direction it can go from here - and that is up. Now, the only question is "when," and for that, I'm pretty sure that time period is going to be somewhere between 3-20 years, with the hope that it might start to happen in 5 years, but if I were a betting man, I think 10-15 years is more realistic.

The 88 Carrera I bought for $16,800 in 2005 and sold for $18,800 in 2007 didn't really go up until recently, a good 10 years after I had it. Holding onto a car for 10 years, even if values double, is still not "making money" in my book due to carrying costs, but it sure the heck is "not losing money," which is already back to square one with today's 996s.

Anyone who purchased a 996 in the last 5 years ought to feel pretty good about the fact that values have stayed relatively flat.

treepeony

Billup

It doesn't necessarily only have one way to go. Prices very well may plateau where they are now, unless you have a very good example of a TT, GT, ME, or C4S. Mind you, the values will be dependent on other factors as well.

So if you have a regular 996, I don't see much happening to the values even in 10-20 years. I could be wrong, but definitely didn't buy it to wait and find out.