Depreciation

[KFC911]

Originally Posted by 911Envy

As an update:


Envious of those that owned in 2011 and sold in 2015-16

Why? Are you PML or $$$Envy?

Then I find a car I have researched with Carfax, receipts, odometer repairs, undercarriage condition that don't add up to a low mileage car that is bought and offered for sale for $15K more in 3 weeks.

When people start buying crap cars sold as one owner low mileage - the bursting is near.

So I don't need 40 years of experience as was questioned above. I just have half a brain and 4 months of experience to spot a scam.

[DanielDudley]

You have 9 posts, and all are in this thread.

I'm not really sure what my 79 Targa with the 3.2 conversion is worth, but it is a great driver, and has a well set up chassis. I bought it from an enthusiast and I will probably sell it to an enthusiast. But I didn't buy a garage queen so I could save it for the next owner and make a few bucks. That's not what it's about for me.

So the number of posts and in which thread is a determinant on whether an individual can assess a car that has many times the mileage vs the odometer reads, the carfax eludes to, the visual appearance of the undercarriage confirms, and other sign. Why is it that many people think years and years of experience and posts on a website are needed to spot someone who embodies all that the term "used car salesman" has come to mean?

To your vehicle, targa's were what I lusted after as a kid. If you bought your car to have fun with and sell it as that to someone who wants that, then cheers for whatever it is worth and whatever someone paid for it. That's perfect.

However, someone passing off a grade four car as a grade two when it clearly isn't to unsuspecting and uneducated person, that's very different than your situation.

BTW - it would take me 219 years and 9 months to have as many post as you in the last 10. I seriously need you time management skills or less kids or one less wife or something

[svandamme]

good 944's are going into the 10 grand+ range here
S's or Turbo 44's are solid 15 into 20 grand.. Thats Euro's not dollars.

good driving 914's are a 25grand car... And that's with the 4 banger 80 hp engine.. let's face it, it doesn't even do 200 kph..

I just got me an 07 Cayman with 130K km's on it, not a scratch on her for 22 grand.


It's a Flat 6, and sings top 7300 rpm..
No way a 44 or teener can beat that price/quality/fun ratio
And i'm serious, not a scratch, i've looked all over, can't find one.
Each time i find something, it turns out to be a spec of dust.

And I'm pretty sure it will give me at least as much usability then any 911 can provide for more money and road tax.

[Tervuren]

Originally Posted by RKDinOKC

Everyone is waiting to see what happens politically before spending money.

"Investors" were buying up the car market, causing the price rise.

Investors have stopped doing that, which means the opposite, the cash flow changed from dust collectors to financial markets. This is also why the markets have jumped.

Typically, the car bubble is followed by a crash, investors got into the cars to avoid the crash, then sell the cars after. It seems they want back in the market rather than waiting for a crash.

[KFC911]

Originally Posted by 911Envy

So the number of posts and in which thread is a determinant on whether an individual can assess a car that has many times the mileage vs the odometer reads, the carfax eludes to, the visual appearance of the undercarriage confirms, and other sign. Why is it that many people think years and years of experience and posts on a website are needed to spot someone who embodies all that the term "used car salesman" has come to mean?

To your vehicle, targa's were what I lusted after as a kid. If you bought your car to have fun with and sell it as that to someone who wants that, then cheers for whatever it is worth and whatever someone paid for it. That's perfect.

However, someone passing off a grade four car as a grade two when it clearly isn't to unsuspecting and uneducated person, that's very different than your situation.

BTW - it would take me 219 years and 9 months to have as many post as you in the last 10. I seriously need you time management skills or less kids or one less wife or something

I don't know of anyone on this site who thinks of their 911 the way you seem to...Jmho...it ain't about grades, $, or any of the things you seem to be focused on...enjoy your search....learn as you go....I did

Your 911 is out there...keep looking!

[DanielDudley]

Originally Posted by 911Envy

So the number of posts and in which thread is a determinant on whether an individual can assess a car that has many times the mileage vs the odometer reads, the carfax eludes to, the visual appearance of the undercarriage confirms, and other sign. Why is it that many people think years and years of experience and posts on a website are needed to spot someone who embodies all that the term "used car salesman" has come to mean?

To your vehicle, targa's were what I lusted after as a kid. If you bought your car to have fun with and sell it as that to someone who wants that, then cheers for whatever it is worth and whatever someone paid for it. That's perfect.

However, someone passing off a grade four car as a grade two when it clearly isn't to unsuspecting and uneducated person, that's very different than your situation.

BTW - it would take me 219 years and 9 months to have as many post as you in the last 10. I seriously need you time management skills or less kids or one less wife or something

I get up at 4 AM most mornings. My office hours usually start at 6 AM. At my age, the kids would have kids, if they were so inclined. I also am in the process of restoring a 200 YO farm house and I do volunteer work with my church and financial counseling. But I have time to talk to you, do those things, and put in an 8 hour day that does not include my office hours.

Porsches were a steep learning curve for me. I have had 10 over the years, and they always leave my hands in better shape than I found them.

Exactly what is your interest in Porsches anyway, and what do you hope to achieve with this conversation ? Are you hoping to own one ? The guys who seem to make out the best are the ones who find a nice car languishing in a garage and resurrect it. It is an fun adventure for them. Other people find a nice car that has up to date service for a decent price. Many of these people drive them around for a while and seem to have a knack for selling them on for more than they paid, without putting more than some elbow grease into them. Then there are the guys who buy a dream, pay a big Porsche tax on getting them into shape, and will never ever get that money back.

Clearly nobody wants to be that last guy, if he gets bitten too badly. But what do you want ? Are Porsches your dream car ? To me they are fun cars, and a personal reward for working hard. I like fixing things, and I like driving. I guess in a way, that would make them a distraction from other responsibilities. And I like talking about them. A few times over the years here, I have even helped people to figure out what was wrong with their car, or offered encouraging words, or advice on how to buy a car and not regret it.

This is a good community. How may we assist you ?

[sugarwood]

Originally Posted by cstreit

Same thing is happening in the muscle car market. The high prices are often due to resellers buying and selling the cars to each other in speculative purchases.

Prices are probably never going to be what they were, but we'll see a plateau soon I think.

Has the 60s muscle car market been up?
I thought it crashed in '08 and just flatlined.
It seems you can get a great car in the 20s now, which is lower than I ever remember.

Hmmp - thought I'd post since we had a nice discussion 4-5 months ago. I am not amazed at the high quality 930's, M491's, and low mileage cars that have now been on the market for 6-18 months. Keeping the powder dry until y'all get it straight that toys over $25,000 are getting tougher and tougher for guys to buy and the guys selling are getting older and older.

https://drivevinty.com/blog-content/the-state-of-the-classic-car-industry-bubble-or-correction

[jcommin]

Originally Posted by tabs

Everything has a commodity value, or why does somebody want that item?

The air cooled cars have past the point of being merely a used car. They are an icon of a past era. Every body in the world likes the 911, it does have that appeal going for it.

Tabs, I agree with you. I think the value of the air cooled cars is high - a more desirable car right now.

[Bill Douglas]

Another theory, this one based on nothing is that an early or classic 911 is part of the retro cool thing going on at the moment. When this fashion thing is over I suspect the demand for air cooled 911s will be over too. Just a small bunch of old fullas wanting them.

[CalPersFatCat]

Originally Posted by tabs

Ohhh pleze...what is the value of a MB 500K from the 30's?. What kind of appeal does that car have? The low production P cars fall into that class. Porsches by definition have not been grocery getter pile the family in and go to church on Sunday autos. They have always been a special interest auto.

Tabs;

Do you consider a 2007-2009 GT3 (not GT3 RS) a low production car?

I do not, yet these prices are ridiculous. It is impossible to find one listed under $95k. These are 10 year old cars.

Do you think that this 911envy guy is correct in that "many are called but few are chosen?"

Are these listings not actually selling?

There is a car advertised here on Pelican that is local to me, but has literally been used as a track car it's entire life, 15,000 track miles... and its yellow and rice. for... $88k.

http://forums.pelicanparts.com/porsche-cars-sale/961343-2007-porsche-997-1-gt3-speed-yellow-15k-miles-track-street.html

MSRP base price on these cars was $107k brand new.

I don't get it.

DL

[JavaBrewer]

Run of the mill air cooled 911 (SC/Carrera) will be dead inside 20 years. The new generation of drivers could care less about automobiles without built in sat/nav/bt. Appliances are where it's at, and frankly the air cooled 911 is so not an appliance.

[Bob Kontak]

Originally Posted by JavaBrewer

Run of the mill air cooled 911 (SC/Carrera) will be dead inside 20 years.

Die, you gravy sucking pig.

Have a nice holiday tomorrow.

[manbridge 74]

I'm guessing the next generation won't have to have nav/sat/bt in the car. It will somehow be inside their own body.

But some millenials still get the vintage thing. Especially if it's a steampunk thing. We have a guy at work who bought a 68 beetle for 986 Boxter money. He's currently steaming it up...

[pwd72s]

Originally Posted by 911Envy

Hmmp - thought I'd post since we had a nice discussion 4-5 months ago. I am not amazed at the high quality 930's, M491's, and low mileage cars that have now been on the market for 6-18 months. Keeping the powder dry until y'all get it straight that toys over $25,000 are getting tougher and tougher for guys to buy and the guys selling are getting older and older.

https://drivevinty.com/blog-content/the-state-of-the-classic-car-industry-bubble-or-correction

Your motivation here?

[sc_rufctr]

Fact is the *best 911s are always easy to sell & at top dollar.

If a 911 has been sitting on the market for some time - THERE'S SOMETHING WRONG WITH IT.
Also, dare I say it? If you can't afford a new 911 your really can't afford a used one either.

(*Best means the best available. Original and unmolested with nothing to spend. Period accessories are OK.)

[DanielDudley]

I would have a tough time pulling the trigger on an older Porsche if I considered it as an investment. But I did fire up the old gal yesterday, and she ran pretty sweet.

If you ask yourself why guys buy old cars and pour their hearts into them, you might as well ask why a dog likes to hang it's head out the window of a station wagon while it's rolling. Nobody really knows, but they sure look happy don't they ? I spent most of my life like a kid standing outside a candy store with his nose pressed up to the glass, wishing and wanting, waiting for someday to come. Win or lose, I'm not that kid anymore.

If you put all your chances in a box and wait too long, life may pass you by.

[LEAKYSEALS951]