Magic gone or prices too high?

[clubsport]

There seem to be quite a few of the once 964 RS faithful selling up at the moment.

Is this motivated by the increase in values over the last 18 months or just time for a change?

I can understand the prospect of getting a newer kettle for the same or less £££, but after recently driving a mk1 GT3 on decent B roads I know which I would go for, the proper lightweight []

 

[jason]

Probably high prices with possible economic downturn in 2008.

Some people taking the money and running.....

 

[clubsport]

That was my thought too Jason, I am sure that is a large part of it, but if you sell it my be hard to get back in....the 2.7RS must have looked a great sale at £60k if you paid £10k in the early/mid 80's....now look at the prices, knocking on £200k fo the best examples.
Personally I think it is best to keep a car and enjoy it trying to forget the perceived value.

 

[carreraboy]

Spot on Clubsport, I predict £75K for good RHD 964RS in the Summer, mark my words if not before...these cars offer a Hedge against current fiscal entities..KEEP THEM!!!

 

[clubsport]

On that basis where will Lhd cars be??........In theory, although there are more Lhd examples, they do appeal to a potentially wider market.
Can't quite see it myself in that time frame, doubt Lhd will go up much for a while after the 30-50% increases in the last 18 months, such a spread between Rhd & Lhd would be madness in my opinion, especially when you consider driving position, steering and larger fuel tank option.

P.S. Des I am looking forwad to Simonextreme noticing your bullish view on Rhd 964RS prices []

 

[carreraboy]

That's a lot of Aussie Dollars......[]

 

[OllieW]

I am considering selling the RS because it has come down to the fact that the car is getting too "valuable" to enjoy and I am conscious that every time I take it out it could be wiped out etc.

Plus there is the opportunity to "trade up" (or down) dependent on how you look at it to another iconic 911, the GT3RS for next to nothing in monetary terms and that is a tempting proposition.

I know that the 964 is possibly the most iconic modern day 911 and that values will continue to rise, but the dilemma of keeping a car in the garage and letting it appreciate compared to driving it is too great and I want to enjoy a car on the road and not worry about mileage, stone chips etc.

Perhaps I will view it differently next week []

 

[carreraboy]

Makes sense Ollie buy a depreciating assett and sell an appreciating assett......that makes good economic sense.....[]

 

[OllieW]

You know me Des, never could get my head around a car being an appreciating asset...

Who knows which way it will turn, but it will be fun which ever way I go!

 

[Melv]

Ollie -just drive it!!

 

[DESMO16]

ORIGINAL: OllieW



Plus there is the opportunity to "trade up" (or down) dependent on how you look at it to another iconic 911, the GT3RS for next to nothing in monetary terms and that is a tempting proposition.

Ollie,

I have owned my 993RS for 8 years and during the last couple of years I also developed the same GT3RS itch that you appear to have.
I have owned 2 of these machines but luckly never sold my RS in order to do so.
The reason I did not keep either of them longer than 12 months was because although they are fantastic cars, very fast etc, they just did not feel special like the RS.
The build quality of the GT3 was no where near that of the RS and they felt like a mass produced modern car, resulting in a loss of the tactile enjoyment delivered by the older cars at "normal " road speeds.
Still each to thier own but do ask yourself why your 17 year old car can be almost the same value as a Gt3 only a few years old[&:][&:]

"you never appreciate anything until its gone"

be carefull[]

 

[vic cohen]

Words of a wise man JP ...............and how exactly cud i mislay Mrs C to find out if i ll miss her ?

CU in March , if not before Mate

 

[carreraboy]

ORIGINAL: John Probert

ORIGINAL: OllieW



Plus there is the opportunity to "trade up" (or down) dependent on how you look at it to another iconic 911, the GT3RS for next to nothing in monetary terms and that is a tempting proposition.

Ollie,

I have owned my 993RS for 8 years and during the last couple of years I also developed the same GT3RS itch that you appear to have.
I have owned 2 of these machines but luckly never sold my RS in order to do so.
The reason I did not keep either of them longer than 12 months was because although they are fantastic cars, very fast etc, they just did not feel special like the RS.
The build quality of the GT3 was no where near that of the RS and they felt like a mass produced modern car, resulting in a loss of the tactile enjoyment delivered by the older cars at "normal " road speeds.
Still each to thier own but do ask yourself why your 17 year old car can be almost the same value as a Gt3 only a few years old[&:][&:]

"you never appreciate anything until its gone"

be carefull[]

Ollie these are wise words from a seasoned campaigner who had two!!! I recently had a GT3 for few a few Days just a MK1 but would I change ...... nice yes, but as John says, it's a modern feely no-soul mass produced, with your £75K windfall (presume you will heed my words and sell at the right time) why not target other exotica, such as Aston DB9 Vantage, Lambo, Ferrari 575m, 360 CS, 993RS (oops!), Bentlet Cntimetal GT etc etc...or give the cash to Mrs Wood for a rainy day!!!!

 

[seawise]

hi,

i am fortunante to own both of these track focused rs's, the 964 joining the gt3 this summer. both cars have their own merits and failings, however ignoring the obvious track bias benefits they feel very special compared to a mainstream porker. both give a huge sense of occassion when u throw open the garage door. however if push came to shove and i needed to release some car equity then the 964 would be the sole porsche left in my garage.

miserable seeing as the gritters are denying use of either of them at present. bah humbug !

 

[jason]

I scratched the itch and it was the GT3 that went.

That said....I'd still have a GT3RS if I was given one[][]

Ollie fingers crossed on Jan land deal and maybe you can have both for 6 months...then decide...of course you will be divorced but hey cars are more fun anyway[]

 

[Gary C]

ORIGINAL: jason

but hey cars are more fun anyway[]

Certainly more reliable anyway [8D]

 

[oceancarrera]

There's something lovely about unrefined (NVH) cars with a simple/go-kart setup. Driving them makes you feel like a MAN (cue grrroowl... [] )
But don't let a lack of refinement be confused with 'character'. The GT3 has bucket loads of character (in particular the Mk1) and it's just more refined (whilst being more capable) than the 64RS...

I don't think the magic has gone for those willing to pay premiums for older cars, it's just a slight price correction/stagflation... [&:]

 

[ChrisW]

Of all the water cooled cars, the 996GT3RS is for me the one.

And they are rare --- suggested actual Vin builds around 250 ?

Last week I drove almost 1,000 miles and spenttwo days abroad on business.

My toy ownership has very little to do with value and almost evrything to do with "feel fantastic" and fun.

Hence I'm looking forward to my '64CS which will look lovely but has lived a life and been rebuilt in almost every respect --- ready for me do my best !!!

On which basis, even my GT3RS may be invited to leave the building, but do not underestimate them !!!

So why are people changing ?

It's what we do !!!!

 

[Melv]

ORIGINAL: ChrisW
My toy ownership has very little to do with value and almost everything to do with "feel fantastic" and fun.

Absolutley Chris -little did I realise that six years ago I was buying an appreciating asset on wheels!!

Just get out and drive 'em.........

 

[DSCBoy]

I think we are in real danger of a major, lengthy slowdown in the UK, mostly due to both the consumer and the Government being over extended and the housing market slowdown hurting those people who need to remortgage every 12m to pay off the credit cards. However, these are NOT your average '64 RS buyer and I don't have the same outlook for Europe (mostly because the UK accounts for something like 70% of all outstanding credit card debt in the EEC). So maybe a small softening for RHD cars but nothing serious on the LHD, just a slowing of the market as less transactions take place.
On the other hand, recent glory metal that may well have been bought direct from the dealer on the "never never" is going to get thumped. I hear DB9's are already "offered only" and I think this will provide a good buying opportunity for some of the more recent models...
End 2008 will be the time to pick up a 996 GT3 RS... but I don't think classic values will get hit in the meantime. By all means sell your 64 RS (if u really really have too), but don't expect to be able to buy it back cheaper in 2 years!

All IMHO!