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Depreciation proof

Ive had well over 100 cars in my 19 years of motoring, just about every performance model out there, and if i have not had it ive drove it albeit some exotica. My major bugbear is losing money on a car. I have lost thousands over the years for what is my passion, i aim to loss no more.

I have stopped at my 993.

My advice is if you want a car that will hold its value, turn heads, is fairly quick, reliable, built well and is a hoot to drive, you have come to the right place.

I have had my car longer than any other, I have no intentions of selling for the reasons you have posted.

I know of no car that does what you want, better.

What are you waiting for.............
 
In my opinion you shouldn't look at these vehicles as investments. They will ALL lose money in the long run. Quickly at first, and then it will flatten out. That's the way it works. And consider those people who invested in 959's and thought they had made a fortune, only to see the prices tumble a year or two later. These cars are superb driving machines, and should be treated as such. Buy what you want to drive (and can afford) and enjoy it. Don't wrap it up in cotton wool - where's the pleasure in that?

 
Avid Evo readers will see the review of the 996 in the latest edition. Suggests virtually depreciation proof. Surely some mistake Ed... Although they are good enough to refer to the PCGB for further Advice
 
Well 996's are in freefall and will continue for a while yet.

This is what happens when you produce a mass market car a la BMW. It will only be the rarer variants eg GT3, GT3RS and turbo that are likely to hold their value at anything like previous cars such as the 993.
 
To avoid depreciation, as a wise man once said "think not of the car you are buying today, but the car you are selling in the future".

Thus, buy a saleable spec, i.e air con, no stories, fsh, and aim for a car in a saleable colour, e.g. silver, blue. It is worth paying more for low miles, as rightly or wrongly, buyers do like a car with low miles.

Try to buy privately as you will lose money immediately on a dealer's spread.
 
ORIGINAL: Robertb

To avoid depreciation, as a wise man once said "think not of the car you are buying today, but the car you are selling in the future".
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Ooh, that sounds like that Mark er Whatsisname... And you must be the old Bill... [:)][;)]
 
Well, everyone seems to have a view on this so for what its worth heres mine. I don't think I know anyone who made a logical decision on which car to buy, it is always an emotive choice. Buying cars as an investment is a tricky and rarely successful endeavour. The 993 is for me, the nearest I can get to owning a relatively modern porsche that still has all the things that mean, to me anyway, its a real porsche. That is the engine is in the back, it is aircooled and it carries the racing heritage in its looks. How it will or will not improve in value is irrelevent and as long as I can afford to keep it in the best condition possible I will still get that buzz from every drive. Unless of course I am stuck in town in traffic then its like driving a lorry. I will sum up by saying that if the 993 is the car for you then you will not question or reason why, you will just buy it, and buy the best condition one you can find.
All the best
Peter [:)]
 
ORIGINAL: peterarcher

How it will or will not improve in value is irrelevant, and as long as I can afford to keep it in the best condition possible I will still get that buzz from every drive.
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Totally agree Peter.

No problems with anyone trying to minimise depreciation but one should never let that get in the way of owning a great car.

911's are for love, not for money [;)]
 
Ok my 2p worth.

993's are great cars and I certainly loved mine. Its probably my favourite looking derivative of any of the 911's and a lot of people agree.

Prices have been stable for some time but I've noticed in the last 6 months that the volume for sale is always quite high and prices have started to drop a bit - why? well 993 owners are under the impression their car is worth the premium so advertise as such, don't neccessarily sell (hence large stock) and so prices are forced down to achieve a sale.

It's also interesting that it was only 18months ago that Boxster owners and the trade press were hailing the boxster as the ultimate all time 'depreciation proof' car - my how things can change quickly....

The 993 is a great car but apart from the rarer RS and Turbo variants they will drop in price - supply and demand, eventual volume of facelift good quality 996s that become available at 30k mark, or whatever it may be they will drop.

So my advice would buy a really good one that hopefully has most things done to it and isn't going to cost you an arm and leg to maintain, at a good price, and then DRIVE THE NUTS OFF IT!!!!

Porkers are for driving and the 993 is one of the ultimate drivers cars so just enjoy it and worry about the value for not one second until you are at the day when you are putting it back up for sale[:)]

Jason
964RS


PS Forgot to mention that I owned my 993 for 3 years, added 25,000 miles and sold it for £3k more than I bought it for[:D]
 
ORIGINAL: jason

PS Forgot to mention that I owned my 993 for 3 years, added 25,000 miles and sold it for £3k more than I bought it for[:D]
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Impressive! But a rare event. Most folk aren't that lucky or clever...
 
ORIGINAL: std70040
Impressive! But a rare event. Most folk aren't that lucky or clever...
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I've made money on every Porsche I've had even when including maintenance but then again I am a VERY sad loser who spends far too much time looking at porsches for sale every day so I do get to find REAL quality bargains and you have to move very fast and have the cash...[:D][;)]
 
For what it is worth,I would recommend that you buy the car if you like it..........
Not to make money on it.
I would agree with the comment that in the short term,values will probably fall slightly but in the long term,5 years plus,good original ones with not too much mileage etc will hold their values fairly well.

Richard
 
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