Considering 997 tt as a long term investment
05-22-2015, 08:46 AM
#16
Racer
Thread Starter
Thanks for the advice folks....
Take the points about 993 being so strong due to last of air cooled and last of the organic design philosophy.
Thats said...good points raised about last of the Mezger and possibly the stick shift??
I was considering holding off for maybe 12 months to see if I could snag a 997.2 with PDK?? I think these have 1-3 years before they bottom out?
I'll wait and see...in the meantime, I'll drop on this forum to pick up advice and tips...the 997 seed has been sewn so I think its just a matter of time.
Regarding investment...
As everyone would like....it's nice to think that you can own and enjoy the car for 10+ years, rack up "high day" and "holiday" mileage and then get your money back and keep the memories.
Cheers
Take the points about 993 being so strong due to last of air cooled and last of the organic design philosophy.
Thats said...good points raised about last of the Mezger and possibly the stick shift??
I was considering holding off for maybe 12 months to see if I could snag a 997.2 with PDK?? I think these have 1-3 years before they bottom out?
I'll wait and see...in the meantime, I'll drop on this forum to pick up advice and tips...the 997 seed has been sewn so I think its just a matter of time.
Regarding investment...
As everyone would like....it's nice to think that you can own and enjoy the car for 10+ years, rack up "high day" and "holiday" mileage and then get your money back and keep the memories.
Cheers
05-22-2015, 11:08 AM
#17
Drifting
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by investment do we mean to buy one, drive it 500 miles a year and then sell it for profit hoping the market value increases?
I personally would rather invest in myself and be happy driving it like a normal car for as long as I can keep it running
I personally would rather invest in myself and be happy driving it like a normal car for as long as I can keep it running
05-22-2015, 12:35 PM
#19
Racer
And--at least the the US--any profit made from the initial investment is regarded by the IRS as taxable income. If the car is collectible, the federal tax rate on the profit is 28%; individual states will take a piece of the profit as well.
05-22-2015, 02:14 PM
#20
Keep it on the down low. Guy just sold a 68 427 L-88 for $800k! Imagine the tax bill and the look in his face! It was all on live TV. Thank god the IRS folks don't watch tv specifically the Velocity channel. $4300.00 as basis and $800k as sold price! ouch!!
05-22-2015, 09:20 PM
#22
Speaking of investment cars, wish I would have bought a Ford GT in 05. Those are up big time from original MSRP
05-23-2015, 12:24 AM
#24
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Taking into account that all future 911s will be turbos and available with a manual transmission, I don't think the "manual turbo" appreciation argument will come to fruition. You could argue that it is the last Mezger, but I still don't think it will appreciate to any large degree; certainly not like the 993.
05-23-2015, 01:09 AM
#25
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great time to buy a manual .1TT.
They are at their low or close to it.
You can use them as daily drivers. Very easy to own.
The will live in the shadow of the GT3/GT2.... but someday the might actually be worth what they are today or a little more.
Considering what i am paying for 964 and 993 turbos today, you never really know!
They are at their low or close to it.
You can use them as daily drivers. Very easy to own.
The will live in the shadow of the GT3/GT2.... but someday the might actually be worth what they are today or a little more.
Considering what i am paying for 964 and 993 turbos today, you never really know!
Last edited by tcsracing1; 05-23-2015 at 03:23 AM.
05-23-2015, 08:34 AM
#27
Taking into account that all future 911s will be turbos and available with a manual transmission, I don't think the "manual turbo" appreciation argument will come to fruition. You could argue that it is the last Mezger, but I still don't think it will appreciate to any large degree; certainly not like the 993.
05-23-2015, 10:55 AM
#28
The most difficult part will be keeping your mileage low; they're way to fun to drive, and shouldn't be kept sitting!
There are plenty of more profitable opportunities out there, but if you factor in enjoyment in your ROI calculations, it presents a very appealing proposition.
There are plenty of more profitable opportunities out there, but if you factor in enjoyment in your ROI calculations, it presents a very appealing proposition.
Why is the cab a worse investment? Because the fabric will deteriorate?
Anybody having trouble with the roof mechanisms on high mileage TTs?
05-23-2015, 02:12 PM
#29
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C
