Quote:
Originally Posted by techweenie
I broker Porsches for a hobby. I put together three buys in the last week and have 6 people searching. Not trying to steal cars; but not finding a lot of good candidates out there. I keep finding cars for sale with "fresh" Motormeister engines or serious cosmetic neglect.
|
One thing that makes me super leary of this market is that these Porsches are all getting neglected now IMHO...
Think about it. Many of these cars went on sale for the first time in 2008 as the market crashed, or at least by March 2009 when the car market was at it's lowest point. You see the same ads over and over on ebay, autotrader, Pelican, ect...
Do you think any of these cars are being driven, loved, lavished upon? No, they are sitting.
Anything worse than letting an old porsche sit in a spot for two or three years?
Anyway that is what I have been thinking about lately, and when you consider that a car is undergoing 'lot rot' while the owner steadily drops the price, the car is also steadily declining in value just as fast because it is sitting.