Boxster Spyder a Safe Investment?
- Thread starter Kellym1
- Start date
A nice Spyder is the same price as a nice 993 !!
as for an investment, this is not a GT3/911 forum, so unlike the Pistonheads group who are either not driving their GT3's and have GT3 RS4.0 with sub 400 miles on them or they are moaning about compensation or future values.
you will find the Cayman and Boxster drivers are normally out driving them
then if you come here asking will a Spyder be worth 50k next year, you will get many answers, 1st you have to decide on your own, what spec will be more sort after.
PDK cars, manual cars, sports seated cars, Bucket seated cars, car with all the weight back in, cars sans AC and radio etc.
So while it not may be a "Safe Investment" it is in fact a true drivers car which is not dropping as fast as a normal Boxster.
as for an investment, this is not a GT3/911 forum, so unlike the Pistonheads group who are either not driving their GT3's and have GT3 RS4.0 with sub 400 miles on them or they are moaning about compensation or future values.
you will find the Cayman and Boxster drivers are normally out driving them
then if you come here asking will a Spyder be worth 50k next year, you will get many answers, 1st you have to decide on your own, what spec will be more sort after.
PDK cars, manual cars, sports seated cars, Bucket seated cars, car with all the weight back in, cars sans AC and radio etc.
So while it not may be a "Safe Investment" it is in fact a true drivers car which is not dropping as fast as a normal Boxster.
https://www.youtube.com/watch?v=YF7mK20jgwU
for MR D
for MR D
Mark
To answer your question i would say it is all down to supply and demand ..the older cars you mentioned are a much safer bet if you are looking at them purely as a long term investment but like any investment prices can go up or down The bubble is going to burst at some point A 964RS just sold for £220K crazy money so dont pay to much for the car and you will be fine .
As to the Spyder you will have more fun and enjoyment £ for £ than the other two IMO .Prices are going up slowly and the cars are holding there value very well .It would be good to have a crystal ball .Buy the one you like best not just for the investment a bit like buying a painting you have got to like it . Hope this helps i have one and they are great cars also had a 993 in the past different cars.
Brian
So a good 993 or 964 is a fairly sound investment. The best ones to buy are those that are produced in limited numbers. ie The anniversary models or the 'S' models. Prices have slowly risen and cars with sensible mileage and history have risen more steadily than those that have had a hard life.
Will the Spyder follow in the same footsteps?[8|]
Well it is a limited edition. Approx 230 in the UK only. You will here some people say only purchase with this that and the other extra.
Cobbblers! Buy what you want but make sure that the car has all the original equipment and the original Spyder wheels - other options such as seats, brakes, etc will have no bearing on the value in many years. ie Buy the car you want, NOT what other people say is the car to have. Your the one who is going to drive it so buy what you want, try the seats, test drive PDK/manual etc and then make your move.
That's why Porsche give us such options as Manual and PDK, etc. Lastly Its about keeping the car original and in excellent condition.
Just look at cars like the 356 and early 911. If you want one of them extras such as the above have little or no bearing on the value of the car. Service history or correct mileage are always nice to have but don't tend to make much difference either way. Its all about Condition!
Finally. Never buy a car for an Investment per se. Never buy a car you don't like the look of or the colour or don't enjoy driving.
Your real investment in any car is in the ownership and your enjoyment of driving the car. If at the end of the day you decide to sell the car many years latter and break even you have done well, if you loose a couple of bob so what, you have at least enjoyed the car, If you make a few Bob well you have chosen well.
If you buy a Spyder I have yet to here someone say they didn't enjoy driving it! Try a test drive and you will be smitten![]
Buy a Spyder and enjoy, come back on here in ten years time, probably only 180 left then and prices rising, who knows?[&:]
Some bed time reading for you http://www.porscheclubgbforum.com/tm.asp?m=719756&mpage=1&key=򯮌
Will the Spyder follow in the same footsteps?[8|]
Well it is a limited edition. Approx 230 in the UK only. You will here some people say only purchase with this that and the other extra.
Cobbblers! Buy what you want but make sure that the car has all the original equipment and the original Spyder wheels - other options such as seats, brakes, etc will have no bearing on the value in many years. ie Buy the car you want, NOT what other people say is the car to have. Your the one who is going to drive it so buy what you want, try the seats, test drive PDK/manual etc and then make your move.
That's why Porsche give us such options as Manual and PDK, etc. Lastly Its about keeping the car original and in excellent condition.
Just look at cars like the 356 and early 911. If you want one of them extras such as the above have little or no bearing on the value of the car. Service history or correct mileage are always nice to have but don't tend to make much difference either way. Its all about Condition!
Finally. Never buy a car for an Investment per se. Never buy a car you don't like the look of or the colour or don't enjoy driving.
Your real investment in any car is in the ownership and your enjoyment of driving the car. If at the end of the day you decide to sell the car many years latter and break even you have done well, if you loose a couple of bob so what, you have at least enjoyed the car, If you make a few Bob well you have chosen well.
If you buy a Spyder I have yet to here someone say they didn't enjoy driving it! Try a test drive and you will be smitten![
] Buy a Spyder and enjoy, come back on here in ten years time, probably only 180 left then and prices rising, who knows?[&:]
Some bed time reading for you http://www.porscheclubgbforum.com/tm.asp?m=719756&mpage=1&key=򯮌
spyderwhite
Member
imho 1st editions are always the most sort after!
I think the word 'investment' doesn't go well with a young car because over a short period of time, even if the price held steady, the running costs would make the project run at a loss.
But, as the record length thread suggests, [ http://www.porscheclubgbforum.com/tm.asp?m=719756&mpage=523 ] the interest in these cars is growing rapidly and likewise the demand since the thread started in Sept 2012. The price of a Spyder has definitely gone up in that time. A rough summary would be that you can now sell a Spyder privately for what an OPC would sell it for 2 years ago, despite the car being 2 years older and having more miles. The current OPC prices for the cars, which as I say carry more miles and are 2 years older, are higher now than 2 years ago. I know that because somehow I got sucked into watching the market with daro911 since I bought mine 2 years ago and had I kept the mileage low, I would have been able to sell it privately for what I paid the OPC 2 years prior. Not many Porsche models around the £40K mark that you can say that about.
Would a 981 Spyder dent the 987's desireability? I doubt it. The timeline between the two will be wide enough I think that they will be appealing to two different buyers. One will be a £40+K car, which will be great if the 987 holds there, whilst the other may be around £70+K with options. Some Spydermen may cross over but that's a big cost to change and I think those interested in the first model and its price bracket, might not all want to make that cost jump to change. So I see no reason why the 987 couldn't continue to climb to high 40's even whilst a newer model is out.
You can also look at other Porsche models. A 964 RS's value isn't affected by any RS models than have superceded it. Not saying the 987 Spyder is anything like 964 RS. Likewise the value of a 964 turbo isn't affected by the 993 turbo. But then that is long term too.
Some might say, if you are concerned about the cost of ownership, don't buy because it should really be about the enjoyment and in that regard, you've made a very good choice[
]
It's probably an ok place to put some money for a short period of time, without losing too much, if anything.
You can enjoy the car, but don't forget, in the short term, for a car of this age you will lose value for modifications, lack of service history and warranty, if you sell.
A 2.7RS that has not been serviced every year is not such a problem!
I would say it is a reasonable hedge rather than an investment, you should look at it that way and if you can accomodate the slight lack of practicality over a Boxster S, the Spyder will probably depreciate less over the near term.
Most cars that, go on to appreciate and become sought (*) after, have their moments of distress, 964RS, Speedster, pre impact 911, even 2.7RS. The Spyder and cars of it's generation haven't had that yet.
This is likely down to the low interest rate environment since 2008 and concern over high house prices and record highs on stock indexes, the diversification into "alternative assets".
If you think this new world regime is likely to last forever, then you should be confident enough to buy more than one Spyder for your investment portfolio! []
.
.
.
.
.
(see how it is actually spelt!)
You can enjoy the car, but don't forget, in the short term, for a car of this age you will lose value for modifications, lack of service history and warranty, if you sell.
A 2.7RS that has not been serviced every year is not such a problem!
I would say it is a reasonable hedge rather than an investment, you should look at it that way and if you can accomodate the slight lack of practicality over a Boxster S, the Spyder will probably depreciate less over the near term.
Most cars that, go on to appreciate and become sought (*) after, have their moments of distress, 964RS, Speedster, pre impact 911, even 2.7RS. The Spyder and cars of it's generation haven't had that yet.
This is likely down to the low interest rate environment since 2008 and concern over high house prices and record highs on stock indexes, the diversification into "alternative assets".
If you think this new world regime is likely to last forever, then you should be confident enough to buy more than one Spyder for your investment portfolio! [
].
.
.
.
.
(see how it is actually spelt!)
MJB
New member
This is an interesting debate and as I read through the Register reports in the latest PP I was struck by how large a part values played in some of them. In fact, there seemed to be a clear division between those models that were appreciating and those which were depreciating, with others on the cusp somewhere inbetween.
The one thing which usually accompanies rising prices is a corresponding decline in use due to protecting the 'investment' and you can see this reflected in the cars attending our national events year on year. It is a difficult situation, as if you pay what is now being asked for some models you are almost bound to need to deprive yourself of some of the ownership experience, but on balance I think that the yellow 911 sitting in Cornbury House at present says more about Porsche ownership than any 'investment' ever will.
Spot on
I think the Spyder will almost definitely lose less than a "vanilla" Boxster S. Spyder values have held up very well over the last two years - much better, in fact, than the 981 Boxster (let alone the last 987 models).
Whilst you are correct to a degree, don't forget that the Spyder was not a great sales success in the first place - indeed some cars struggled to sell and many were sold new at a significant discount to list (which was then reflected in greater-than-usual depreciation in the first year or so). Prices have certainly stabilised since.
As is always the answer to threads regarding "investment" in cars, the vast majority will be poor investments when running costs etc are considered. However, compared to the competitors in this market, the Spyder is certainly a good-value option when the performance, rarity, looks and practicality are considered. I think they are unlikely to go up anytime soon, but equally there is sufficient demand to keep prices stable for the medium term at least. And that makes them a pretty good bargain, all things considered!
Billy, the point I am making with the distressed cars,,,is out of favour over time.
If you have a Spyder and look to sell, your worst case is a trade bid, from a monthly book where prices are quoted,,,chances are in the summer you may sell it for more........ in the winter, you probably need to price it to sell.
Spyders have never been distressed or out of favour, they are far too new.
I had a 3.2 CS, they were sub £40k new in 1988/89, they managed to sell 53 of them, then in the classic car boom of 1990-ish they were £80-100k....I bought one in 2000 for £20k, where are they now... close to £100k???
I have seen 3.2 & 964 Speedsters for £20k, 964RS for sub £20k and 993RS for mid £30k's.
At this point the cars are out of warranty, have often had a few owners and are of varying conditions....this dictates their price.
Would the cars mentioned above be worth what they are today, if money wasn't so cheap to borrow and the lack of investment return?
I have previously owned a 968CS, again about 220 UK cars, similar ethos to the Spyder?..... Renowned for their handling, they are not worth that much relatively speaking, either cheap or unwanted.
Limited numbers and being a good steer, is not a guarantee of a sound investment!
I am not anti Spyder, they drive well, if a little too easy to master. In the last month I have sourced 2 cars for friends and currently "speaking" about another, so I have a reasonably good idea on pricing.
If you have a Spyder and look to sell, your worst case is a trade bid, from a monthly book where prices are quoted,,,chances are in the summer you may sell it for more........ in the winter, you probably need to price it to sell.
Spyders have never been distressed or out of favour, they are far too new.
I had a 3.2 CS, they were sub £40k new in 1988/89, they managed to sell 53 of them, then in the classic car boom of 1990-ish they were £80-100k....I bought one in 2000 for £20k, where are they now... close to £100k???
I have seen 3.2 & 964 Speedsters for £20k, 964RS for sub £20k and 993RS for mid £30k's.
At this point the cars are out of warranty, have often had a few owners and are of varying conditions....this dictates their price.
Would the cars mentioned above be worth what they are today, if money wasn't so cheap to borrow and the lack of investment return?
I have previously owned a 968CS, again about 220 UK cars, similar ethos to the Spyder?..... Renowned for their handling, they are not worth that much relatively speaking, either cheap or unwanted.
Limited numbers and being a good steer, is not a guarantee of a sound investment!
I am not anti Spyder, they drive well, if a little too easy to master. In the last month I have sourced 2 cars for friends and currently "speaking" about another, so I have a reasonably good idea on pricing.
Respectfully, I don't entirely agree.
The Spyder was certainly distressed when first released - they really did not sell well, particularly once the 981 became a real prospect. Most of the cars were in the region of £55-60k list price when new but by the end of the production period delivery miles cars were available for considerably less than that and cars did sit in showrooms for a while. I.e. no-one really wanted to buy one unless heavily discounted.
Thereafter low-mileage, one year old cars were selling for low to mid £30ks.
These same cars are now early £40ks at three years old.
In effect Spyders have done in three years what the models you listed did over a decade or so - from high, to low, to middle.
In future I cannot say where Spyders will end up - however, like you, I would not consider them an investment. What they are, to me at least, is a possible way to mitigate the usual depreication that would be associated with a 4-5 year old car given that in the last 18 months or so a well-bought Spyder would be worth the same today if not more, despite being older and higher mileage.
When you say "Spyders" have done a complete cycle of high to low pricing in 3 years... I think you are considering a small sample size of cars to base your generic statement on.
There may have been a few unsold, no doubt dealer stock, but I would suggest a fraction of the 220 odd cars
Porsche would not have bought a model to market if they didn't think it wouldn't sell, at least reasonably well.
Also consider how specialised a Spyder is with the "roof by Millets", they are bound to experience more seasonal price variation than any other modern Porsche. After the wettest winter for 100 years, cars for sale over that time would have likely struggled to sell.
220 is actually quite a few cars for a "limited" Porsche model....
Rounding out we had 50 odd 3.2CS, 964RS, 993RS and then 115 -ish for the water cooled RS models.
We have seen 997.2 RS trade from late £80k's to say £125k in the last few months....based on what <5% of the Uk production run.
There may have been a few unsold, no doubt dealer stock, but I would suggest a fraction of the 220 odd cars
Porsche would not have bought a model to market if they didn't think it wouldn't sell, at least reasonably well.
Also consider how specialised a Spyder is with the "roof by Millets", they are bound to experience more seasonal price variation than any other modern Porsche. After the wettest winter for 100 years, cars for sale over that time would have likely struggled to sell.
220 is actually quite a few cars for a "limited" Porsche model....
Rounding out we had 50 odd 3.2CS, 964RS, 993RS and then 115 -ish for the water cooled RS models.
We have seen 997.2 RS trade from late £80k's to say £125k in the last few months....based on what <5% of the Uk production run.
Well obviously it's based on cars advertised for sale over the last three years - necessarily that's not going to be every car.
Indeed, but without doubt it didn't sell as well as expected, IIRC around 2,000 units worldwide. I believe that is half what was expected.
Funnily enough after the wettest winter for 100 years cars are selling for more now than this time last year.....
Do keep up at the back!
I am taking it slowly, so you can stay with it...
Wettest winter = slow sales of the car with a "temporary" roof,,,now the weather has improved....demand picks up, hence selling prices have improved. I stated all this in my previous response, exaggerated by the relatively small number of sales!
I'm going for a lie down to get my strength back! []
I am taking it slowly, so you can stay with it...
Wettest winter = slow sales of the car with a "temporary" roof,,,now the weather has improved....demand picks up, hence selling prices have improved. I stated all this in my previous response, exaggerated by the relatively small number of sales!
I'm going for a lie down to get my strength back! [
]
Posts made and opinions expressed are those of the individual forum members
Use of the Forum is subject to the Terms and Conditions
