993s values declining even further?
 

Hagerty has devalued 993s by 10% over the past year and 5% just the past 4 mos. WTH is going on? I know the aircooled market is flat lining, but why on earth would the best aircooled 911 ever made be depreciating at a much higher rate than others, and will it rebound? I just bought mine a year ago, and never thought, I'd lose money on it when I went to sold it. Thought I would at least get my money back. Hell, I should just have bought a 997 for much cheaper if I wanted to take a hit on re-sell! I don't get it.

I wouldn’t worry. Hagerty does what it has to do for business purposes. Whether they value it high or low, if you’re not selling now it’s pointless to worry about it. When the time comes to sell, the condition of your car should dictate the value. Even if you lose a little, you can’t put a price on memories....so go out and enjoy the heck out of it in every way possible.

That’s a big mistake, buying a used car and expecting that you wouldn’t lose any money on it. Even if you don’t ‘lose’ anything on it during your ownership of it, it still could be dead money at best for you. Not many used cars are great investment vehicles, pun intended.

WTH are you talking about ?

993 values have been between the current $30K and $77K averages for years.

The best modern aircooled.

This is true about values being around 30-77 for years, but I'm just trying to figure out why the 993 more than any of the other aircooled 911s has been on such a steady decline, even before the air cooled marker started cooling off. Is it a case of "too new to be old and too old to be new."...?

Probably also has to do with how much they benefited from the rising tide a few years ago. If their value increased disproportionately then they are correcting. I bought my 930 for $27k and it seemed like overnight it was a six figure car. Today, not so much.

That was a steal!


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993s values declining even further?
 

A 993 is a solid collector car.

In fact a no point in the 993s existence has it ever been a used car.. a true classic air cooled.


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964 market appears to be stronger but that might be a factor of much lower supply and traditional look. There are always 993 available.

I sold my 97 C4S in 2015 and the value hasn't moved much since then. I was lucky to experience a big run up in price from 2013 to 2015. My 993 C4S doubled in value during that time.

It’s never been a used car? Are you serious? They are all used cars. Ask the guy who bought it brand new and sold it a few years later for a nice loss. Or ask the guy who bought it from him and sold it a few years after that for another nice loss. These are all used cars, some are just lucky enough to gain collector status at some point. And yet even when they do they can still drop sharply in value after the significant rise in value caused by the demand from people wanting to initially ‘collect’ them. So ask the guy who bought one of these a few years ago at the top of the market, and now wants to sell it, how he feels about his investment. If we could take a peek into anyone of these 993s (or any used car for the most part) that’s changed hands several times since new, to see what price it changed hands at, we would see that most of them lost money on it, and that’s not even including the cost to carry it. When you factor that in almost all of them are net losers. And in some instances all transactions in a 993s sales history will show that the owner lost money, since the current owner of record might’ve bought it prior to the market turning up, meaning every closed sale to date on that car has posted a loss for the owner who sold it.

You’re way off base, but we did miss your delusional commentary when you were gone, as that quote of yours above is quite delusional!

993s values declining even further?
 

Lets just say that you and I are going to agree to disagree..

993 is a solid collector car that will continue to appreciate like all air cooled porsches.

The older I get the less use I have for folks you.

Thank you very much.






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964's will always outpace 993's in price because of the short supply and Singer.
I don't believe Hagerty's figures high or low.... Wanna know how much your car is worth...? Drive it daily and see how many people ask you to sell it. Don't know if I missed if the OP's car is a Cab or not... or Tiptronic. Yuuuge affect on price in both cases. All us 993 owners would need is Magnus to build one and put out some videos tearing around in it. That should double the prices fairly quickly :).

The less use you have for people with common sense then...

93079isthebestyearever is not one to be reasoned with. His positions are mostly emotional.

He should totally change his handle to that!!! :eek:

Emotional - Delusional, they sound similar enough.

Like I said you and I can agree to disagree..

BTW relay this message over to your ankle bitting buddy MATT..

Thanks, Tony


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Tony,

You posted this publicly, this isn’t a PM, so Matt will see it without me relaying it to him. Sadly your delusions run deeper than just 993 ownership...

Porsche produced 62,000 964s
Porsche produced 68,000 993s

That’s not a big enough difference to substantiate a price difference based on demand.

993s and 964s are valued for being the final refinement of the air cooled 911.

Equally.

I don’t believe one is worth substantially more than the other at this point.


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The 993 just hasn't found its place yet, like the 964 has. It will.

SmileWavy I see you.

Dude, you are the poster child for irrational exuberance. When you love a car, you love a car and nobody can convince you of anything other than what you think, even when facts conflict with your feelings about it.

mostly?! you’re being kind.

you getting soft on us?...

Maybe M2's stash is running low?!?! :eek:

https://image.shutterstock.com/image...-364889087.jpg

Nah, with my autoimmune disease I've got all the swelling I need. Though maybe the inflammation in my brain is to blame.

Here is what I can tell you about the 993, from personal experience. It's the best driving Porsche I've ever driven, and I've driven a lot. It leaves you wanting nothing, unlike the 911's that came before and the abysmal failure that was the 996. A friend who works for Porsche says the joke there is that the 996 was the car the accountants designed.
As far as values leveling off or dropping, yes, they probably are, but only because the 993 was becoming very over-valued, something had to give. The good news is if you couldn't find one or afford one two years ago, now is your chance. The good news for me, is I can still honestly say I only paid $5000 for mine, about 3 years ago. Of course, I try not to count what it's cost me since that day, did I mention it's back in the shop...

---Adam

http://forums.pelicanparts.com/uploa...1567565969.jpg

Does that mean that the value of the 993 GT2 Evo is also dropping?!?! Maybe there's hope for me yet!!! :D

Please let me share with you an email I got from Adrian Crawford over in Britain regarding the current valuation status of the 993. I think it is spot on:

Hello Steve,

Key thing.

Is the 993 the car you like?

Or

Are you simply in it for investment?

If the former...its a hold.

If the latter....concentrate on your day job it will earn you more.My view is that the 993 are too new for now. Not enough of them have exposed themselves as terrible. For now people like the upright look of the traditional 911. The market has flattened and fallen and in Europe applies equally to 3.2 In five years i think the 993 will have gained its ground, poor ones will fall off the cliff. Good ones will become more obvious. We like refinement and some of the market will enjoy that in the 993. The taste for classic cars moves forward as we age. I dont want a model T.
Therefore I remain positive that the 993 will find more favour as poor example just like poor 964 become uneconomic to restore, laving those of us with good cars in good shape. 993 was a very good product. If it add pleasure to your life....keep it. Kind Regards,
Adrian Crawford

^ well said. 993s are good driving 911s and can become great with a few mods.

BaT graph shows 993s selling at significant higher $$$$ than SCs and Carreras..

964s are another matter.





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^ but what about 930s? :)

"the best air cooled 911 ever made" is pretty subjective. What you think is the best others will not. What they think is the best, still others will say no to too. Lets rephrase that and just ask why 993 prices are falling, and note its your favorite air cooled model.

If you bought your car as an "investment" I am sorry to hear that. These are not particularly good investments. Sure people have been fortunate to make money on them if they had them before the run up, that still does not make them investments. If you factor in maintenance, gas, insurance, the risk free return rate, and the fact as an "investment" you really can't drive it much at all, you'd have a more clear reason why they're not investments.

Drive it, enjoy it, when you're ready to sell it, you'll get whatever the market price is at the time.

I hate this argument, I see it used often as a gauge for value. Even seen someone say they had one of these "offers" at XX price so their car is worth at least that much lol. Next time some rando on the street asks to buy your car tell them to get their checkbook out and watch them walk away.

^^^

Right, based on the value criteria that you quoted/commented on, my 1987 Turbo must be worth zero dollars, as I city drive it all the time and never get asked to sell it. :)

I've got you a dollar.

Dayum, my car only pulls chump change!

You calling me a chump?

Maaayyyyybbbeeeeeee!

Friend of a friend sold his 993 turbo during a gas station fill up.... just sayin.

Hey Genius, no **** collector cars are not a good investment. I didn't say anything about my 993 being an investment. I wasn't born yesterday. I realize with insurance, maintenance, and property tax, it's pretty much a loss. My point was, I didn't expect the 993 to LOSE the value it has lost over the last 2 years, and was simply inquiring as to why the hell the 993 has fallen faster than other aircooled 911s. I think I like the argument that the 993 is in a correction period. Values from 2012-2016 were just over inflated.

Has it truly lost value in the last two years? Compared to when? the year previous?

Awe did I strike a nerve.... Congratulations you bought the top of the market. It's not an investment, yet you're here all flustered that the cars is worth less now. LoL