A Boxster for an Investment ???

[Red981]

I have a new condition 981 purchased from new, and also retail trade shares - I have almost paid for my boxster over the last couple of years with my Hargreaves Lansdown shares account ( not sure if this is because I have a knack for it) my Boxster has however gone down in value.

hope this helps

Nigel

 

[tinyjohn]

What about a Spyder 987 or 981, but you can never guarantee anything as an investment. I would imagine cars are a lot more volatile than the stock market. However my TVR is giving me a return of at least 10% possibly 15% per year, with hundreds of miles of smiles.

I would just like to add I've recently invested in a 987 Spyder which gives me just as many smile miles.

Not sure about the return just yet though.

 

[BoxsterLL11]

Was considering trading-in & changing to a 981 maybe next year anyway.

I have a small fleet of classic cars (two MG's & a Jap import) which are holding their own, not worth mega-bucks but just thought if I sold the lot, traded-in & added a few £'s from the savings pot and bought something a little more special, the smiles per mile would be guaranteed (or even more than at the moment) plus it "might" hold its own £-wise.

Just a thought.

 

[BoxsterLL11]

Hello All,
I have owned my 2011 Boxster for less than a year and am totally smitten (my first Porsche).
So much so that I daily scan the web to see what is out there and what they are going for.
Having recently retired, I am not overly chuffed at the interest rates going even lower and possibly heading towards zero so my savings are earning next to nowt and investing in the markets is a very risky business, a business which I have very little faith in by past experience.

So was wondering whether a top of the range, nearly new Boxster would be worth spending my money on with one eye on the fact that it might actually hold its value even if it did not increase in value, which can't be said for savings in a savings account.

So would a GTS for example be a good option?
Just wondered what anyone thought.
I know a Boxster is not a 911, but to buy something for £250,000 ......, well thats a bit beyond my limit unless the numbers come up !!!

 

[Dylan1]

Unless it's a special Porsche like a GT3RS or other rare machine then the likelihood is that it will depreciate considerably

investments in cars are usually only in very expensive ones

with the relatively small sum you're talking about it really isn't going to be a great inve

stment in monetary terms

but investmenin fun ??

Hell Yes

 

[jdpef356]

Buying a car is a two way investment, if you wish to make it that way.

Buy limited editions, short manufacturing runs, anniversary editions, etc etc. However, do not purchase one of these if you think you only like it! There is nothing worse than looking out of the window and thinking, I'm not sure why I purchased that model in that colour. Study that the market to see what is riding high and then look back through books and mags and find out how the car has performed over many years. Buying new is not an easy prediction. [&:]

My final advice. If the hairs on your neck dont stand up when you see the car its not for you.

As I said its a two way investment, in no particular order.

1. Your financial investment

2. The enjoyment of ownership and driving the car.

Buying a rare car and not enjoying it would not in my eyes be a good investment, should this also not perform in the market it would be like sucking two lemons. [X(]

If at the end of the day you buy a car for the two reason above, and you wish to sell it, even if it has not made money you have at least had the enjoyment of ownership.[]

 

[jdpef356]

Forgot to say also take a look a the HAGI index

http://www.classicandspor...oses-up-16-57-in-2015/

http://www.bloomberg.com/news/articles/2015-12-24/vintage-porsches-are-rising-as-the-next-blue-chip-classic-cars

But remember all that glitters is not gold and a PPI is essential with any second hand purchase.

 

[Robin M]

IMHO Spyders will hold their value after a small drop from new as they are a bit rare Eventually they may get to or above retail. Other Boxsters will depreciate at an average of 6 to 8K per year over say 5 or 6 years the bulk of this wil be over years 1 to 3.

But it if you enjoy the car you love this is not too bad given depreciation on other non Porsche similar types of car.

 

[Robin M]

F

 

[Robin M]

F

 

[Gorsh]

I bought a new Boxster GTS last year and I certainly don't view it as an investment, but I do view it as a long term purchase so the cost per year should be reasonable. However, the introduction of the 718 four cylinder may help a little in keeping my residuals higher than they would be otherwise!

My car cost 65k with the options, I am hopeful that after 3 or 4 years the depreciation will slow right down or stop (maybe around the 50% level) - especially with it being kept garaged and well maintained, also unless we're away on a trip it is never out in the rain.

On that basis your 987.2 may not lose very much, it all depends on spec, condition and mileage.

 

[CLIFFWILKINS]

I personally can only see a 987 Spyder holding its value maybe another increase the 981 Spyder I think will drop a little in the coming future as all new cars do but if it's a long term keeper it will hold value before increasing again.

The last of the N/A 6 pot may hold value well with 4 pot turbo being the only option for the Boxster only time will tell.

But as many have said enjoy the car rather than stick it away for an investment.

 

[Boxbrownie]

I personally can only see a 987 Spyder holding its value maybe another increase the 981 Spyder I think will drop a little in the coming future as all new cars do but if it's a long term keeper it will hold value before increasing again.

The last of the N/A 6 pot may hold value well with 4 pot turbo being the only option for the Boxster only time will tell.

But as many have said enjoy the car rather than stick it away for an investment.

Until Porsche realise the right royal CU they made with that decision and later roll out a sixer to sit at the top of the line....[8|]

But as you say I reckon the Spyder is going to be the sweet spot for future values within the Boxster range.

 

[BoxsterLL11]

Thanks for all your interesting replies.

I really do enjoy the 987 2.9 Gen2 that I have and as stated, I am new to the Porsche marque.

At just under £60k for a 12 month old GTS, it is a huge outlay and on one hand my head says stick with what I have and maybe go for a 981 3.4S maybe next year but on the other hand my heart says, hey you're only on this earth for one lifetime so am tempted.

I accept that the majority of vehicles depreciate and you must buy the car for all the right reasons.

I do like my cars to be a little different and with my other classics its the work & mods I do on them that make them different.

I love my 987 just the way it is, but a GTS would be nice.

Thanks again for responses, I shall continue to scan the ads.

 

[MrDemon]

A Boxster for an Investment = No

happy hunting for a Boxster for fun though.

 

[MrDemon]

A Boxster for an Investment = No

happy hunting for a Boxster for fun though.

 

[jdpef356]

Having another double up night Mr Demon?[]

 

[curlo]

Thanks for all your interesting replies.

I really do enjoy the 987 2.9 Gen2 that I have and as stated, I am new to the Porsche marque.

At just under £60k for a 12 month old GTS, it is a huge outlay and on one hand my head says stick with what I have and maybe go for a 981 3.4S maybe next year but on the other hand my heart says, hey you're only on this earth for one lifetime so am tempted.

I accept that the majority of vehicles depreciate and you must buy the car for all the right reasons.

I do like my cars to be a little different and with my other classics its the work & mods I do on them that make them different.

I love my 987 just the way it is, but a GTS would be nice.

Thanks again for responses, I shall continue to scan the ads.

I know one should always take these sorts of things with a pinch of salt...but I thought the recent Classic & Performance Car article on 'Classic cars to buy in 2017' made for interesting viewing: http://www.classicandperformancecar.com/porsche/boxster/4414/classic-cars-to-buy-in-2017.

 

[shorthouse]

I bought a new Boxster in 1999 for 41k and sold it back to my OPC in 2011 for 4K in part ex for a new 997 GTS, which I still own and if you can get one for 60k will likely hold its value or creep higher due to its relative rarity compared to all the 997's built

The only Boxster's currently likely to be regarded as an investment are the protype, the rare spyders and a very early car with zero miles. However in time all markets move against the concensus view and the lack of maintaince and restoration of the early cars due to their low value will mean they may actually become quite rare, at which point values should start to rise.

They are however truly wonderful cars cars to drive and own and I do regret not having the space to have kept mine.

I'm sure you'll make the right choice for you ....

 

[AndyKerr]

I have a '15 plate Boxster GTS, and have no expectation of it ever being worth more than I paid for it (£68k or so). I bought it to drive and enjoy. With the advent of the 718 and the howls of disapproval it brought with it from the faithful, my best hope (were I even thinking in that direction of course - which I'm not) would be that a late-plate GTS like mine would hold it's value a little better than it might otherwise.

They're built to be driven; who am I to say otherwise? []