1198r

I'm keeping mine for my two boys - so when they are old enough they can learn how to drive a car properly and understand cars have a soul and character. I fear when they are old enough to drive, cars won't have petrol engines, roads will no longer exist and electric flying capsules will fill our skies.....

brake dust

There was approx. 100 more GT3s built than the RS. Is that amount enough to make a difference?

rodsky

Yes. Even ****ty investmenst will outperform a GT3 over 10 years. Do not buy a car as am investment unless extremely rare. Even 993s are under MSRP 16 years later. And when you take maint, insurance, reg, etc plus inflation into account, it's a pathetic investment.if you investedv$80k in 1997, what would it be worth today?

Why do you need to ask if its the last GT manual, investment etc. if you love it, buy it and enjoy it.

m5trol

This.

triode

This.

triode

Me too, mate. Working on imparting my appreciation for analog experiences to my teenage son...probably a losing battle, but a noble cause nonetheless.

mooty

he doesn't do vac tube?
I almost sold max, ten he said all cars need motor in back.

aussie jimmy

then there is hope!

007DT

Aussie. For some reason "Hope" was voted in here. I'm sure even from your side of the plant you can see how that has worked out for us.

I really truly feel that I'll always keep my RS for numerous reasons. I'd like to still have it when it is old and gray. Special car.
Is it an investment? No.
Will it hold its value better than 98% of the cars manufactured in 07'? You bet!
But for me it's an investment in my sanity and happiness. Money can't buy happiness but it can by an RS. And that makes me happy....

GT3DE

even if "price" stays the same - for example if your GT3RS is now worth $125k and in 10 years it is still $125k - then you have made a horrible investment decision.
Why?
1) Time value of money. You made no money from the asset in 10 years. In fact, you lost money because you had to pay to maintain the asset. You could have invested in an asset that produced positive cashflow during the 10 years. Examples: savings account, T-bills, bonds, rental property, a business, etc.
2) Inflation. $125k in 10 years will likely be worth $50k to $75k in today's dollars. The $125k in 10 years will buy a lot less of everything - gas, food, housing, plane ticket, clothing, etc.

Buying an asset and thinking it will be worth more in the future is speculation. A fancy way of saying gambling. You are betting that the value of the asset will go up instead of down. Can you see the future?

This is all silly guesswork. Who knows what is going to happen.

FWIW - A car is not as asset. A car is a liability. Assets pay you. Liabilities cost you. When has your car ever paid you anything? Oh, thats right, you pay for maintenance and repairs on your car...

Just drive the **** of it.


... your house is not an asset either, by the way.

aussie jimmy

this is the best advice.
otherwise, when you sell the next buyer will on your dime.

tcsracing1

this is fact.

GT3DE

I will also contend that the "price" of a Porsche has not gone up since the early 1970's. "Price" has been the same - it is just that the buying power of the US$ has eroded over the years. Since Nixon took us off the gold standard in 1971 the US$ has lost more than 90% of it purchasing power. It will not take it long to lose the rest.

Example - for a teacher to buy a standard 911 in 1971 they would spend a bit more than their whole salary on the car (before taxes) - same is true today.

P_collector

Thats a fair paint..+ if an RS 3.8 will be worth 30k more..its maybe also a different buyer..a car of 70-90K is still affordable by a larger audience..

My guess: price will drop to 80-85 in the next 3 years..afterwards go up again to 90..so in the end no big change..but a car still costs money..thats sure..but with a 997 GT3 youre investing your money better than with a new 991 or a new MP4-12..thats for sure..

P_collector

Hi GT3DE,

Your words are fully correct...I also fully agree to your last sentence. A car always costs money..thats for sure..however, calling a 997 Gt3 a horrible investement decision is wrong I would say - "horrible" compared to what?

I know people who bought new 458..just traded them a few days ago for something else (lost 80k)..- is that a better decision? 991 out of the showroom = -25k - what about that ?

There even others who buy with their own personal money (not company cars) BMW 7 series to sell them after 5 years - and then do this 2x in 10 years...= better?

So, concluding, No, a 997 GT3 is not a horrible investement decision, its rather an "investement in a car, in which you will loose some money, but a 997 Gt3 kind of makes sure that your losses will be very limited over a longer period of time" - I think we can all agree that a second hand 997.2 GT3 will be a better decision than a new 4-12C..

In that sense, lets drive our cars and lets be happy that we are not seeing depreciation rates of others..and "horrible" wouldnt be the appropriate word..

PS: if one wants to make return from every $ earned..then better dont buy a car (not even a polo; public transport is always cheaper)..
PS 2: my posting does of course not apply to 4.0 & GT2RS - this is a "real" investment..and will probably deliver much better results than 90% of the housing for sale ..