Future 996 collector car?
#31
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I don't think anyone would have imagined 964's ever becoming collectable five years ago, but they are certainly becoming so... They were long considered my many to be the red-headed stepchild of a true 911 that was also beaten with the ugly stick.
For me, the 996 is the right blend of looks, performance, daily drivability, reliability, and affordability in a 911. And with the relative ease of proactively addressing the over-hyped IMSB issues, I think it absolutely will see a surge in popularity and value for the nicest examples, maybe as soon as five years from now.
For now, KK, JR, and your typical luxury car depreciation still have some work to do driving the prices a bit lower.
Personally, I have no real interest in collector or investment cars... Great bang for the buck and fun to drive factor with reasonable depreciation is fine for me.
For me, the 996 is the right blend of looks, performance, daily drivability, reliability, and affordability in a 911. And with the relative ease of proactively addressing the over-hyped IMSB issues, I think it absolutely will see a surge in popularity and value for the nicest examples, maybe as soon as five years from now.
For now, KK, JR, and your typical luxury car depreciation still have some work to do driving the prices a bit lower.
Personally, I have no real interest in collector or investment cars... Great bang for the buck and fun to drive factor with reasonable depreciation is fine for me.
Last edited by pfbz; 07-14-2013 at 04:30 PM.
#33
Race Director
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I predict all cars (that survive) will become collector cars after the CO2 Panic of 2032 and the resulting government IC combustion engine confiscation.
Seek out those barns now folks. Avoid the rush.
Seek out those barns now folks. Avoid the rush.
#34
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I love my 996, but the simple fact is that the cars are wedged between two more attractive models - the 993 and the 997 - and Porsche sold a giant pile of them. Neither fact bodes well for any future collectibility.
On a similar note, I have wondered just how collectible any modern cars will be in the future. With OBD and extensive electronics, along with lots of potentially brittle plastic connectors and other parts, modern cars will be a nightmare for maintenance and restoration decades from now. Hard to see any growing in value, with the exception of limited production performance models like the GT3 RS and the GT2.
On a similar note, I have wondered just how collectible any modern cars will be in the future. With OBD and extensive electronics, along with lots of potentially brittle plastic connectors and other parts, modern cars will be a nightmare for maintenance and restoration decades from now. Hard to see any growing in value, with the exception of limited production performance models like the GT3 RS and the GT2.
#35
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Remember that 20 years ago, you couldn't give away an early 911 - they were worthless junk.
Base 996's will be collectable in about 20 years. At that time, a vast majority of those built will have been junked for financial reasons (too expensive to repair) and in the interim time the Porsche world will come to love the first water cooled 911 for the path that it set for the 997, 991, and 994 and 998 models still to come. The first model in a new series is ALWAYS collectable (eventually).
Base 996's will be collectable in about 20 years. At that time, a vast majority of those built will have been junked for financial reasons (too expensive to repair) and in the interim time the Porsche world will come to love the first water cooled 911 for the path that it set for the 997, 991, and 994 and 998 models still to come. The first model in a new series is ALWAYS collectable (eventually).
#37
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I would agree that generally convertible versions are worth more in the long run in collectible cars, but it's not always the case that a convertible is always a more valuable car than its hardtop version. A few examples just off the top of my head: Mercedes 300SL (gullwing), BMW Z3, Viper, Boxster/Cayman.
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#38
Race Director
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They will all be collectible when enough time passes. 914s are now collectible. If that's not a powerful argument for buy-and-hold, I don't know one.
#39
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Hey everybody, let's get dragged into a meaningless semantic argument! Is the 996 collectible? If you own one then by definition you "collected" it. The better question is will the 996 follow some stratospheric price curve in the future, because that's really what you all are asking. And of course the answer is NO. The 996 is NOT a Ferrari 250 GT Spyder California SWB (I think Enzo managed to cobble, yes cobble, about 10 of them together a year.)
In fact, the answers I'm seeing here don't address the question at all. People discussing originality, production numbers, etc. are really discussing modern pricing information. I personally would argue that the 996 is already far higher priced (thus "collectible") than anyone has a right to expect. Don't believe me? Jaguar.
Keep in mind, a "collector" car does not get driven, it does not get tracked, it gets maintained in a climate controlled garage until it is rolled onto a concorse, inherited, or sold. It is an investment, not a car. Porsches are cars. Your 996 is as collectible as any car of similar manufacture. It's pricing will be a function of the quality of design and manufacture that went into it originally.
So, is it collectible? If you insist on using the word, then YES. More collectible than a mustang. More collectible than a 'vette. But I'm sorry kiddos, a Shelby AC Cobra it aint.
In fact, the answers I'm seeing here don't address the question at all. People discussing originality, production numbers, etc. are really discussing modern pricing information. I personally would argue that the 996 is already far higher priced (thus "collectible") than anyone has a right to expect. Don't believe me? Jaguar.
Keep in mind, a "collector" car does not get driven, it does not get tracked, it gets maintained in a climate controlled garage until it is rolled onto a concorse, inherited, or sold. It is an investment, not a car. Porsches are cars. Your 996 is as collectible as any car of similar manufacture. It's pricing will be a function of the quality of design and manufacture that went into it originally.
So, is it collectible? If you insist on using the word, then YES. More collectible than a mustang. More collectible than a 'vette. But I'm sorry kiddos, a Shelby AC Cobra it aint.
#40
Captain Obvious
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I guess your definition of collector car is different than mine. As I said before, wait long enough (look at the Model T) and any car, in any condition will be one way or another collectible.
#41
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The 996 is trending the same way the 928 did, they will devalue more and hit rock bottom. Then once the junky ones are sent off for parts the nicer examples will start commanding more money. There are a lot less junky cheap 928's out there now then there were 4-5 years ago. A couple super low mile pristine GTS's have sold for over 6 figures recently as well. I could see the Turbo S and GT cars going this way.
#42
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You don't buy a 996 for "future collector value", you buy it because it's the best value in a Porsche (or sportscar of any marque, for that matter) and it's a heckuva lot of fun to drive!
#44
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Yes.
Buy the car, store it in a museum for 50 to 100 years and it should be worth a lot more than you paid for it, but less than any conservative IRA would yield..
However, for the next 10 to 20 years the value will only go straight down.
Buy the car, store it in a museum for 50 to 100 years and it should be worth a lot more than you paid for it, but less than any conservative IRA would yield..
However, for the next 10 to 20 years the value will only go straight down.