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Do you treat your Boxster like it’s an appreciating asset?
Do you drive it so infrequently in order to keep it pristine? Or do you drive it and maintain it like any other car? Or do you drive the **** out of it because it’s just a Boxster? Or something in the middle?
Do you drive it so infrequently in order to keep it pristine? Or do you drive it and maintain it like any other car? Or do you drive the **** out of it because it’s just a Boxster? Or something in the middle?
It's just a car. Drive it like you stole it, speaking personally. There are no P-Cars - that I could even remotely afford - which would be ones I would consider wanting to keep pristine.
Do you drive it so infrequently in order to keep it pristine? Or do you drive it and maintain it like any other car? Or do you drive the **** out of it because it’s just a Boxster? Or something in the middle?
If you are buying a late model car (any car) as an investment, you are buying it for the wrong reason.
Driving a performance car is the most pleasure you can give yourself, don't think about it, just do it.
I've had my 98 986 for 5 years. The first two I was meticulous about it... OCDish. I would drive it only on weekends... and skipped some... wanting to keep down the miles. Pffffft.
It since has ben my daily driver and, like some of the posters have intimated... I now just enjoy driving it not paying attention to the mileage, and like it's the last time I'll drive it. I've abandoned the idea of trying to keep it 'investment grade' because there are enough out there that are nicer than mine... and selling it would be a $$$ loss.
Keep it in shape. Stay up on the maintenance. Enjoy it.
I don’t think there is much money in this particular appreciating asset. Let’s say someone makes 2X or 3X what they paid. Let’s say we are lucky and have near-zero maintenance or repair bills (unlikely, but it does happen for some people that only hold the car for a couple of years).
2X or 3X of a $10k purchase is still only $10-$20k. Given a net worth of folks probably having between $100k and $1M, most of us would see single-digit percentages of net worth gain.
Is that better than what the market or real estate can provide? Does it even cover the cost of a replacement HVAC in your house, a roof, or a bathroom remodel?
I buy used 911s or Boxsters at the bottom of the depreciation curve because I can then drive them and not lose much money compared to a new car. If the car goes up in value, that only offsets my repair bills and maintenance costs.
I drive my Boxster on the track with the intention of getting the IMS to fail, leading to catastrophic engine failure so I can come back on the forums to say it happened to me.
Alas, I end up leaving disappointed but with a smile on the face every HPDE weekend with my local PCA club because it was such a blast to drive and to enjoy.
I made the mistake of not driving my 996 when I owned one so with the Boxster, I don't take it for granted. If you don't enjoy the car and end up selling it, someone else will.
Lots of vehicles to drive, but the practicality of the two trunks, convertible top, excellent handling, and fun performance make the Boxster my favorite for grocery runs, battery purchases, and gas can refilling, on my twisty scenic roads. I've put $15K into upgrades and maintenance items and it's worth $15K! Money well spent. Spent far more on 997 and 928 maintenance for faster but less useable and practical performance. Truly a modern classic. Like the 914, it will eventually have its day.
I use it, but don't usually abuse it. I'm not expecting the car to be worth a significant amount of money if and when I sell it. Considering the initial cost of the car and the amount of time and money I've invested in repairs, maintenance and upgrades I'm satisfied with my return on investment.
It seems like there was a recent upward trend in prices, but other than this shortage-related anomaly I don't expect my car to appreciate significantly for many years. I have completed one HPDE and plan to do more. I enjoy driving the car and will keep it until it has some type of catastrophe. I try to avoid catastrophes by maintaining the car and driving with care on the streets. I bought the car to drive it, not have a garage queen.
Do you drive it so infrequently in order to keep it pristine? Or do you drive it and maintain it like any other car? Or do you drive the **** out of it because it’s just a Boxster? Or something in the middle?
Since my first car, a 65 VW Bug I’ve customized and maintained my cars based on budget and time. I guess that’s middle of the road.
My car is high mileage and highly cared for and maintained. I spend what ever it needs because I want to keep driving the snot out of it. They aren't making any more Flat 6, NA, RWD, mid-engine, manual shift, convertible sports cars anymore (not ones I can afford anyway, and soon they won't make the those, anyway). I only care about what my car is worth to me.
I love high mileage cars, and I love it even more when I am the one who brought it to high mileage. I aprecite people who 'save their car for me', so that when I get it, it is something that I can really enjoy.
Some day these could be worth $50k or even $100k. I’m looking at these 3.2 Carrera examples (1984-1989) worth $50-$75k, and I used to own one (paid $16k in 2005 for it).
Then again, a $16k s&p500 index fund equivalent stock market investment would be worth $75k today.
10-26-2022, 03:45 AM
Do you treat your Boxster like it’s an appreciating asset?
