Anyone check kbb lately?
02-09-2016, 07:33 AM
#16
That's a very good assessment but I think you mean generation Xers rather than millennials. Millennials are the 20-25 year old college kids, who for the majority are big poossies who can't give a damn about cars. Pajama Boy is the poster millennial (and in fact he drives an old escape hybrid).
02-09-2016, 09:06 AM
#18
That's a very good assessment but I think you mean generation Xers rather than millennials. Millennials are the 20-25 year old college kids, who for the majority are big poossies who can't give a damn about cars. Pajama Boy is the poster millennial (and in fact he drives an old escape hybrid).
02-09-2016, 09:37 AM
#19
[QUOTE=Engineisoutback;12999806]
Videos like this will make your renn kit even more in demand.
You need to make an infomercial
type add. Show the does this ever happen to you (broken spoiler) etc.
The average joe probably thinks these cars are still $100k plus, only the informed realize the value. The informed will fight for an unmolested low priced car, and the average joe will buy a mustang.
I think I've broken down the 996tt owners:
1. Original owners (still hold the car to new standards and premium care)
2. Millenial owners (grew up drooling over these and the market has made them accessible).
Millennial owner Type A: keeps the car stock and treats it as a new car.
Millennial owner Type B: buys it just for show and tells the whole world he has a Porsche and defaults on loan payments.
3. Gear Heads: constantly changing cars because he gets bored with them. Mods the hell out of em rides it hard and sells it wet.
The mid life crisis: getting up in age and finally says f it. Likes the new models, but knows a good deal when he sees it. Rather pay cash for a toy than refinance the home.[/QUOT
I agree on on your assessment for the most part on current buyers having just bought my 996 tt two weeks ago. I would say I'm a #4 who looked for a #1 to buy from. To be honest the 996 platform was not in my crosshairs until Articles like the one linked below started popping up.
http://jalopnik.com/here-s-why-the-9...-ca-1665776219
I think I've broken down the 996tt owners:
1. Original owners (still hold the car to new standards and premium care)
2. Millenial owners (grew up drooling over these and the market has made them accessible).
Millennial owner Type A: keeps the car stock and treats it as a new car.
Millennial owner Type B: buys it just for show and tells the whole world he has a Porsche and defaults on loan payments.
3. Gear Heads: constantly changing cars because he gets bored with them. Mods the hell out of em rides it hard and sells it wet.
The mid life crisis: getting up in age and finally says f it. Likes the new models, but knows a good deal when he sees it. Rather pay cash for a toy than refinance the home.[/QUOT
I agree on on your assessment for the most part on current buyers having just bought my 996 tt two weeks ago. I would say I'm a #4 who looked for a #1 to buy from. To be honest the 996 platform was not in my crosshairs until Articles like the one linked below started popping up.
http://jalopnik.com/here-s-why-the-9...-ca-1665776219
You need to make an infomercial
type add. Show the does this ever happen to you (broken spoiler) etc.
02-09-2016, 01:32 PM
#20
RL Community Team
Rennlist Member
Rennlist Member
The average joe probably thinks these cars are still $100k plus, only the informed realize the value. The informed will fight for an unmolested low priced car, and the average joe will buy a mustang.
I think I've broken down the 996tt owners:
1. Original owners (still hold the car to new standards and premium care)
2. Generation X owners (grew up drooling over these and the market has made them accessible).
Generation owner Type A: keeps the car stock and treats it as a new car.
Generation owner Type B: buys it just for show and tells the whole world he has a Porsche and defaults on loan payments.
3. Gear Heads: constantly changing cars because he gets bored with them. Mods the hell out of em rides it hard and sells it wet.
The mid life crisis: getting up in age and finally says f it. Likes the new models, but knows a good deal when he sees it. Rather pay cash for a toy than refinance the home.
I think I've broken down the 996tt owners:
1. Original owners (still hold the car to new standards and premium care)
2. Generation X owners (grew up drooling over these and the market has made them accessible).
Generation owner Type A: keeps the car stock and treats it as a new car.
Generation owner Type B: buys it just for show and tells the whole world he has a Porsche and defaults on loan payments.
3. Gear Heads: constantly changing cars because he gets bored with them. Mods the hell out of em rides it hard and sells it wet.
The mid life crisis: getting up in age and finally says f it. Likes the new models, but knows a good deal when he sees it. Rather pay cash for a toy than refinance the home.
There are experienced Porsche buyers out there who know the depreciation and then appreciation bell curve of these car well. They tend to buy their Porsches from the original owners with low miles near the low point of their value, enjoy them for a while, and then sell them as prices rise, and then repeat the process with the next 911 variant whose value is on the down slope of the curve.
02-09-2016, 01:35 PM
#21
RL Community Team
Rennlist Member
Rennlist Member
02-09-2016, 03:38 PM
#22
Intermediate
Thread Starter
I guess I'm a gen Xer and possibly in a slightly early mid life crisis.
I originally was going to buy a Cayman GTS but decided to buy used to avoid depreciation having experienced severe depreciation with my last BMW.
I'm open to minor mods in the futue, but I don't track it and its fast enough as it is for what I use it for which is weekend drives on twisty roads.
I originally was going to buy a Cayman GTS but decided to buy used to avoid depreciation having experienced severe depreciation with my last BMW.
I'm open to minor mods in the futue, but I don't track it and its fast enough as it is for what I use it for which is weekend drives on twisty roads.
02-09-2016, 04:35 PM
#23
Rennlist Member
I tend to buy at the bottom of the bell curve and mod/drive but keep in the 90-95% condition. Rarely sell anything, just keep them in a heated garage and go pick up the next under valued car.
KBB trade in is up about $7-10k from when I bought it in 2014.
If the right deal pops up in the next year or two I will buy another one without issue.
KBB trade in is up about $7-10k from when I bought it in 2014.
If the right deal pops up in the next year or two I will buy another one without issue.
02-10-2016, 12:08 PM
#25
Will be some years before I formally "retire" though.Haha, I feel the same way, and I'm relatively young. I call this my quarter life crisis car, lol.
That's a very good assessment but I think you mean generation Xers rather than millennials. Millennials are the 20-25 year old college kids, who for the majority are big poossies who can't give a damn about cars. Pajama Boy is the poster millennial (and in fact he drives an old escape hybrid).
02-10-2016, 02:26 PM
#26
Well I was grown up but sure as hell I couldn't afford to buy a car that was $142k new in 2004, so I bought it used now that I'm even more grown up, and I think that's what happened to a lot of other people. So I still firmly believe that there are many more buyers that fit atrox description in my age bracket than in the 14 (lol!) to 34 bracket.
02-10-2016, 03:01 PM
#27
Well I was grown up but sure as hell I couldn't afford to buy a car that was $142k new in 2004, so I bought it used now that I'm even more grown up, and I think that's what happened to a lot of other people. So I still firmly believe that there are many more buyers that fit atrox description in my age bracket than in the 14 (lol!) to 34 bracket.
02-10-2016, 03:11 PM
#28
Intermediate
Thread Starter
This is the first used car I have purchased, it's nice to see that a car that I purchased a year ago and put 10,000 miles on can in theory be worth what I paid for it (minus taxes and stupid drivetrain extended warranty).
02-10-2016, 04:05 PM
#29
There are likely more GenXers who own or are looking to buy these cars currently, but to cast off the Millennial generation as a bunch of pussies that don't care about cars and wouldn't be interested in owning a 911 turbo, was a childish comment. I'm not gonna lie, I took a bit of offense to that since I'm a millennial who's loved German cars since I can remember and have worked really hard to get myself to a position where I could afford buying and maintaining a car like this properly.
As with all generalizations, there are exceptions, which don't change the general theme. For every car-loving young person there are a thousand pajama boys.
