996 future values
07-11-2014, 03:45 PM
#31
A couple more thoughts:
It's a 911. When I meet other enthusiasts even in a much newer, faster Cayman S, for example, they make excuses about why they didn't get the 911. The 911 (any year) will always be the iconic Porsche. That's good for values.
A lot of folks underestimate the cost of depreciation and interest on a new car that is financed. It's staggering. I can blow up my engine tomorrow and still come out ahead of where I would be if I financed a new Cayman (not picking on Caymans, I like those too, just an example of what I might buy if I were in the market for a new car.)
It's just a function of modern society. People look at the monthly payment and nothing else. They buy stuff they can't afford. I think the financial implications of this should be modeled on every new car finance contract. Everyone would be farther ahead.
Rant off...
It's a 911. When I meet other enthusiasts even in a much newer, faster Cayman S, for example, they make excuses about why they didn't get the 911. The 911 (any year) will always be the iconic Porsche. That's good for values.
A lot of folks underestimate the cost of depreciation and interest on a new car that is financed. It's staggering. I can blow up my engine tomorrow and still come out ahead of where I would be if I financed a new Cayman (not picking on Caymans, I like those too, just an example of what I might buy if I were in the market for a new car.)
It's just a function of modern society. People look at the monthly payment and nothing else. They buy stuff they can't afford. I think the financial implications of this should be modeled on every new car finance contract. Everyone would be farther ahead.
Rant off...
07-11-2014, 04:08 PM
#32
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15 yr old 996 with 90K miles? About the same as a 99 model today: $14K-18K depending on condition and options.
07-11-2014, 05:43 PM
#33
Look at the '74-'77 911's: styling condemned when they came out, horrible magnesium engine case problems, catalytic converters and air pumps that strangled and destroyed engines, tensioner failures, etc. Many were raced, crashed, scrapped. Now even those values are going up.
Same thing will happen here.
Same thing will happen here.
A couple more thoughts:
It's just a function of modern society. People look at the monthly payment and nothing else. They buy stuff they can't afford. I think the financial implications of this should be modeled on every new car finance contract. Everyone would be farther ahead.
Rant off...
It's just a function of modern society. People look at the monthly payment and nothing else. They buy stuff they can't afford. I think the financial implications of this should be modeled on every new car finance contract. Everyone would be farther ahead.
Rant off...
Even up until a few years ago, I didn't even think a 964 had a chance. Look at the values now.
Even the NSX or Ferrari 348, 328, f355 from 10+ or so years ago, have rebounded quite significantly in the market today.
07-11-2014, 10:24 PM
#34
What I posted on a similar thread:
I love all of this intellectual-ism.
What is interesting is some of the first water-cooled porsches have also had a growth in value... the lowly 944. Hagerty puts a base (non-turbo, non-S) condition #3 "driver" at close to $7K... not sure if this is due the lack of enough non-screwed up examples/crashed/converted to race cars.
April 2010 = $3,600... April 2014 = $ 6,700
http://www.hagerty.com/valuationtool...port?vc=883721
I think some will argue that the boxster will follow the 944s path. I think the 996 won't be far off that same trajectory unless you are fortunate enough to own a Turbo, GTx or something unique.
So yes, enjoy the snot out of your 996... and then in 10 years... sell it, if you can bear to part with it.
I love all of this intellectual-ism.
What is interesting is some of the first water-cooled porsches have also had a growth in value... the lowly 944. Hagerty puts a base (non-turbo, non-S) condition #3 "driver" at close to $7K... not sure if this is due the lack of enough non-screwed up examples/crashed/converted to race cars.
April 2010 = $3,600... April 2014 = $ 6,700
http://www.hagerty.com/valuationtool...port?vc=883721
I think some will argue that the boxster will follow the 944s path. I think the 996 won't be far off that same trajectory unless you are fortunate enough to own a Turbo, GTx or something unique.
So yes, enjoy the snot out of your 996... and then in 10 years... sell it, if you can bear to part with it.
07-11-2014, 11:47 PM
#35
Well... If basic economics is intellectual...
And you are right; nice, lower relative mileage 924, 944, and 968s are definitely rising in value as they become harder to find.
And you are right; nice, lower relative mileage 924, 944, and 968s are definitely rising in value as they become harder to find.
07-12-2014, 12:21 AM
#36
