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thinking of switching to a 993
Depreciation on a low miles 993?
I own an SC and am thinkng of going "BIG" and selling the SC to buy a low miles 993. I want a car that is more family friendly (air that works, more comfortable ride and day to day reliability) and also has the looks, power and handling in stock form to make me laugh out loud! My current thinking is that in the long run it (almost) makes sense in financial terms. Although it will suck up $40,000, that value will still be there in 5-8 years with only a mild level of depreciation. Am I preaching to the converted?
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Garage is empty Gone:96 TVR Chimaera, 05' Mazdaspeed MX5/89' Caterham Super Seven/84' Carrera/81' 911 SC targa/74' MGB |
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06-13-2007, 05:40 AM
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Registered
Join Date: Feb 2006
Location: Simpsonville, SC
Posts: 1,256
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I think you could do the same thing with the 964 and spend less money doing it. As the old addage goes - buy the newest you can afford. Of course, condition comes into play too...
Makes sense to me too. If I could do it financially (and geographically - no space to park them!) I'd have a 964 or 993 to drive during the week, and keep my Carrera for fun drives, etc. Good luck!
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Mike '84 Grand Prix White RoW Carrera |
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06-13-2007, 06:02 AM
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Former Options Trader !!!
Join Date: Feb 2003
Location: Bucks County PA
Posts: 6,756
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I dont think a 40k 993 used as a semi family everyday driver will be worth anywhere near 40k in 5 years.
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Current:88 Guards Red Coupe, 89 Coupe Track Rat, 76 Caddy Eldo Convert. 2015 Aprilia Tuono Wrecked 1987 Targa Guards Red, 2003 Ducati ST4S Sold 1987 Granite Green Targa, 993's, 93 RSA, other 964 coupes, 89 911 Turbo Ruf mods, 90 e30 M3, 07 BMW R1200S STOLEN 94 Speedster |
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06-13-2007, 06:05 AM
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Bandwidth AbUser
Join Date: Nov 2001
Location: SoCal
Posts: 29,522
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The 993 is a nice car. Family friendly? Are you seating small kids in the back? It's like your SC. The interior may be a bit more quiet, and like you said, the A/C works better.
I wouldn't think too hard about the economics of the 993 over time. It's like any other Porsche, some depreciation, maybe a bit less since it's the last of the air cooled 911s. The maintenance costs will bite you from time to time, as you'll probably have the SAI/CEL issue to contend with, and perhaps the dual mass flywheel will go south like it did on my old 993. Buy one if you lust for one, if it fits your transportation needs, and you can afford one. Good luck with whatever you decide to do.
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Jim R. |
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06-13-2007, 06:14 AM
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1984 Porsche 911 3.2
