Would 997 GT3 be worth more or less in 10yrs?
#16
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.....
#17
GT3's, which were built in relatively large numbers for the collector market, will likely still be plentiful and thus, lower upside. 3.6RS' somewhat more upside; 3.8RS',
#18
Rennlist Member
Join Date: Mar 2007
Location: West Los Angeles & Truckee, CA
Posts: 4,020
Received 865 Likes
on
591 Posts
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.
Why do you need to ask if its the last GT manual, investment etc. if you love it, buy it and enjoy it.
#19
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.
Why do you need to ask if its the last GT manual, investment etc. if you love it, buy it and enjoy it.
#20
Rennlist Member
#21
Rennlist Member
hard to say, because the people are changing faster than the cars imo.
most people love technology and gadgets more and more.
i feel antiquated in today's society even though i am barely middle-aged.
kids today will not be future collectors imo. they are just bombarded with too
much stuff to be able to latch onto something and hold it close to their hearts.
most people love technology and gadgets more and more.
i feel antiquated in today's society even though i am barely middle-aged.
kids today will not be future collectors imo. they are just bombarded with too
much stuff to be able to latch onto something and hold it close to their hearts.
#22
GT3 player par excellence
Lifetime Rennlist
Member
Lifetime Rennlist
Member
#24
Drifting
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....
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....
#25
Drifting
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.
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.
#27
Rennlist Member
Join Date: May 2008
Location: Somewhere in a galaxy far, far away....
Posts: 17,108
Likes: 0
Received 259 Likes
on
173 Posts
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.
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 $125k in 10 years will buy a lot less of everything - gas, food, housing, plane ticket, clothing, etc.
Buying an asset and thinking it will be worth more in the future is speculation. A fancy way of saying gambling. You are betting that the value of the asset will go up instead of down. Can you see the future?
This is all silly guesswork. Who knows what is going to happen.
FWIW - A car is not as asset. A car is a liability. Assets pay you. Liabilities cost you. When has your car ever paid you anything? Oh, thats right, you pay for maintenance and repairs on your car...
Just drive the **** of it.
... your house is not an asset either, by the way.
#28
Drifting
I will also contend that the "price" of a Porsche has not gone up since the early 1970's. "Price" has been the same - it is just that the buying power of the US$ 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.
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.
Last edited by GT3DE; 08-18-2013 at 04:30 PM.
#29
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..
#30
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.
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.
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 ..