Future Car Value in General
#1
Three Wheelin'
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Car values are crazy now not just gt3 but anything deemed remotely collectible. Do you guys think it will get back to normal?
and how do you save up for a car these days? I am putting most of my income into s&p. Seems like cash is trash now... wonder if things will change once interest rate goes up.
and how do you save up for a car these days? I am putting most of my income into s&p. Seems like cash is trash now... wonder if things will change once interest rate goes up.
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04-04-2021, 07:41 PM
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I understand the disinterest in value threads and people not wanting to opine about future values.....
But... this is my $.02
997 GT cars are going to go up in value or hold at the very worst *IMO* even as other cars start coming back down in price. 997 GT cars are the perfect size, have hydraulic steering, traditional lighter feeling front end, Mezger engines, manual handbrake - and were made in small numbers. When you start cross-shopping other "special occasions" sports cars it is still a great value for the money and will only gain more appeal in the near future as modern cars feel less engaging and overpowered for the roads.
But... this is my $.02
997 GT cars are going to go up in value or hold at the very worst *IMO* even as other cars start coming back down in price. 997 GT cars are the perfect size, have hydraulic steering, traditional lighter feeling front end, Mezger engines, manual handbrake - and were made in small numbers. When you start cross-shopping other "special occasions" sports cars it is still a great value for the money and will only gain more appeal in the near future as modern cars feel less engaging and overpowered for the roads.
#2
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I think it will get back to normal. Some of my friends however think inflation will cause values to stay up.
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#3
Three Wheelin'
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i mean i bought the car.. but i dont want to pay crazy amount for future cars either.
pretty confused on what to do... save up cash? Or just dump all into stocks. I think stock price is related to car prices.
#4
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If you consider the absolutely tremendous (>40%) increase in the money supply over the past year, its no wonder on that fact alone it now takes more dollars to buy any asset, including cars, stocks, gold, foreign currency, etc, etc. Hard to see how car prices will “get back to normal”. Buy whatever you want to buy before the next $2 trillion gets printed.
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#5
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#6
Three Wheelin'
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If you consider the absolutely tremendous (>40%) increase in the money supply over the past year, its no wonder on that fact alone it now takes more dollars to buy any asset, including cars, stocks, gold, foreign currency, etc, etc. Hard to see how car prices will “get back to normal”. Buy whatever you want to buy before the next $2 trillion gets printed.
Damn only thing that didnt go up is my salary 😂
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#7
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I guess what I cannot see continuing is the rise of prices. Maybe car values stay where they are for certain ones, go down for others, but as a whole, I think we've seen way too much speculation with people thinking that cars are just going to continue going up in value. The other market that I track closely, watches, are the same way. Stainless Daytona retails at $12k (but you can't get one from an authorized dealer unless you have a history with them). On the Gray Market they're $30k+ for a ceramic stainless Daytona. There is 0 chance that can continue going on in 5 years from now. There will have to be a correction to these luxury goods going forward, at some point. However, I said this when stainless Daytona's were $20k last year and now they went up another $10k.
Too much social media hype too around all of this stuff, at least I think so.
Obviously, I've been wrong before and people way smarter than me will probably have actual numbers and facts to back things up.
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#8
Three Wheelin'
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Regarding the financial question, that more comes down to your risk tolerance.
I guess what I cannot see continuing is the rise of prices. Maybe car values stay where they are for certain ones, go down for others, but as a whole, I think we've seen way too much speculation with people thinking that cars are just going to continue going up in value. The other market that I track closely, watches, are the same way. Stainless Daytona retails at $12k (but you can't get one from an authorized dealer unless you have a history with them). On the Gray Market they're $30k+ for a ceramic stainless Daytona. There is 0 chance that can continue going on in 5 years from now. There will have to be a correction to these luxury goods going forward, at some point. However, I said this when stainless Daytona's were $20k last year and now they went up another $10k.
Too much social media hype too around all of this stuff, at least I think so.
Obviously, I've been wrong before and people way smarter than me will probably have actual numbers and facts to back things up.
I guess what I cannot see continuing is the rise of prices. Maybe car values stay where they are for certain ones, go down for others, but as a whole, I think we've seen way too much speculation with people thinking that cars are just going to continue going up in value. The other market that I track closely, watches, are the same way. Stainless Daytona retails at $12k (but you can't get one from an authorized dealer unless you have a history with them). On the Gray Market they're $30k+ for a ceramic stainless Daytona. There is 0 chance that can continue going on in 5 years from now. There will have to be a correction to these luxury goods going forward, at some point. However, I said this when stainless Daytona's were $20k last year and now they went up another $10k.
Too much social media hype too around all of this stuff, at least I think so.
Obviously, I've been wrong before and people way smarter than me will probably have actual numbers and facts to back things up.
i get that SS daytona will eventually go down as rolex is printing them... but not the case for 997 cars. I think 992 gt3 will be had at msrp soon...
#9
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Although the 116500LN is a 'mass produced' watch, scarcity (artificial or not) will probably keep the prices up. And with rumors flying of a new 41mm case, prices now for one of the white dial Daytona's will just be the tip of the iceburg. 992's, however, GT or otherwise, will churn out as fast as they can make them. 991 GT cars are seemingly as common as base models. Those willing to take an almost immediate depreciation hit to be one of the first clearly have more money to burn than me.
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#10
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Back to normal can happen a few ways, one of which the prices stagnate as inflation catches up. I think this is the more likely path. I personally attribute the sudden rise in "old school" car prices to the fact that modern cars have become incredibly dull, despite the bull crap commercials telling you how exciting it is to drive whatever garbage being advertised (despite it rolling down the road at 8 miles per hour because god forbid the brand infers any kind of irresponsible driving).
Last edited by noro78; 04-03-2021 at 05:39 PM.
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#11
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Car values are crazy now not just gt3 but anything deemed remotely collectible. Do you guys think it will get back to normal?
and how do you save up for a car these days? I am putting most of my income into s&p. Seems like cash is trash now... wonder if things will change once interest rate goes up.
and how do you save up for a car these days? I am putting most of my income into s&p. Seems like cash is trash now... wonder if things will change once interest rate goes up.
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#12
Burning Brakes
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You should probably speak to your Financial Advisor versus a Porsche forum on how you "should" allocate your money.
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#13
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Just buy what you like, put it in bubble wrap and don't drive it. Seems like that is what all the cool kids are doing these days.
#14
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I never look at cars as investments because by and large, they are not. I buy my modern classics, like the 997 GT3, the same way I would buy a CD. It represents part of the "cash" position of an overall portfolio. I can be fairly certain it will retain its value and I know it is very liquid. I would never take money out of a real investment and buy a car with it. But If I have 50k, 500k or whatever amount of my portfolio I want to keep in cash, I'd rather use part of that to buy a 911 I can enjoy rather than a CD which brings me no joy.
#15
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Anyway the current administration seems to think that printing money at full tilt is the answer with irresponsible profligate spending. Inflation will rein supreme for the for the foreseeable future.
Hard assets are my strategy. Before PAG figured out the RSs were money machines and they began pumping them out as fast as they could sell them to cash in their was the 997 and 996 GT cars made in limited numbers as real homlogation specials because they had to make them for FIA/IMSA requirements to compete. PAG was even concerned they could even sell what they produced.
991 GT cars consequently depreciate at a fairly significant rate. There is roughly 20,000 991 GT cars between .1 and .2 . Some exceptions to depreciation like the Touring or R exist though.
While I don’t see cars as investments there are cars that tend to hold value better than others. I look for these. The y don’t need to be initially expensive either. It just needs to have the right qualities. I look for these 3 factors.
Rarity. Produced in limited numbers for a limited time.
Well received and loved by the motoring press.
In high demand at launch by the public.
The first is a requirement. One of the others will do but both are preferred.
It’s worked for me.
Ford GT
2011 RS
987.2 Spyder
2012 Boss LS
Watches. My preference is Rolex. There are other greats such as AP, PP, Vacheron Constantin (The Holy Trinity) but Rolex is my favorite based on retained value and $ required to attain. While not part of the “Holy Trinity” a Rolex is a “Rolex” and stands on its own having its own panache’ and widely recognized as one of the worlds top luxury watches.
For retained value Rolex PP and APs can’t be beat. A.Lange &Sohne is up there for sure too.
Sorry for the rant. 😬
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