997 Gen 2 depreciation - will this be a classic?
#46
Do I think 997.2's are going to worth 100k? Absolutely not. I do believe they are close to bottoming out in depreciation though.
Personally, i don't care. I bought my C2S to drive and enjoy. If i make money off of it within the next 10 years, great. If I don't, no big deal.
#47
Rennlist Member
Nope, unless you have limited edition cars, 997.2 production was hit hard by the recession, I did a tour during that time of Porsche factory and they said they cut work week to 4 days to lower number of produced cars... that's why their numbers are much lower than 997.1. So, if you're thinking investment, GT cars, Turbo and maybe GTS would hold value. The new GT3 manual has impacted 997 GT3 values quite hard, and maybe it's not a bad time to get one?! Not sure, at this point IF Porsche stops doing Manual/NA engines after 991.2 GT3, it will impact ALL past NA/Manual car values.
#48
I think 997.2 will hold its value better than 996, 997.1 and 991.1 in the long run because the 996 headlights is ugly and the 991.1 is too fat and not as sexy as 997.2. The 991.2 is much better looking than the 991.1 so that might be a different story.
#49
Rennlist Member
And, you forgot to mention; buy bitcoin in case youre wrong!
Last edited by 996AE; 01-05-2018 at 11:45 AM.
#50
Rennlist Member
> 997 Gen 2 depreciation - will this be a classic?
Yes, definitely a classic in a near future world packed with electric powered and self driving cars.Collectible? Definitely not with exception of low miles GT cars, speedsters and sport classics.. these cars will continue to appreciate in value. All other "ordinary" 997.2s will slowly depreciate.
#51
Rennlist Member
Many countries and even states in the US are looking to ban the IC engine. If that holds true, in 10 or 15 years, a new buyer will need to think about how long they intend to own the car. Califorina is wanting to ban the internal combustion engine in 2040. They would simply not allow you to register the car for road use. That means these would all be track queens. At that point, I would think the value would drop across the board. Who knows, maybe the mission e will be the Porsche to have.
Last edited by JWYR; 01-05-2018 at 11:43 AM. Reason: typo
#52
RL Community Team
Rennlist Member
Rennlist Member
Many countries and even states in the US are looking to ban the IC engine. If that holds true, in 10 or 15 years, a new buyer will need to think about how long they intend to own the car. Califorina is wanting to ban the internal combustion engine in 2040. They would simply not allow you to register the car for road use. That means these would all be track queens. At that point, I would think the value would drop across the board. Who knows, maybe the mission e will be the Porsche to have.
Peace
Bruce in Philly
Last edited by Bruce In Philly; 01-05-2018 at 02:47 PM.
#54
Rennlist Member
While anything is possible with government, I can't imagine them truly banning internal combustion engines. This is a cut to the jugular for low income and the poor. I can see them banning sales of new IC cars, but not the use of old ones. If you read up on poverty and braking the cycle of welefare, one of the biggist issues is not that they are lazy, but there are real structural problems for low income folks.... one of the biggest is transportation from where they live to where the job is.... this is a real problem.
Peace
Bruce in Philly
Peace
Bruce in Philly
Last edited by JWYR; 01-05-2018 at 12:57 PM. Reason: Typo
#55
So what I am hearing is that non GT 997.2’s will be worth scrap metal when the IC engine is phased out. Probably the same discussions took place in the early part of the 20th century when horse drawn carriages were being replaced by ‘the horseless carriage”.
Do you think I can use that argument when I’m negotiating the price of my next IC car? Or maybe just go electric now. Heresy.
Do you think I can use that argument when I’m negotiating the price of my next IC car? Or maybe just go electric now. Heresy.
#56
Three Wheelin'
Not so fluffy. Just an opinion. 997 is a great car. Its just mass produced and except for a very very few models in 20 plus years they are still not collectible in my life time. Insurance, registration, service, storage will crush ROI. Now, if we have run away inflation and NK invades, that could change everything.
#57
These are all nice cars so future classic status will be mostly determined by which are more pure, and which have said purer elements that are phased out (always the standard bearer for what makes for future classics).