G50 vs 997TT appreciation?

[Sox Fan]

I have owned an 89 Carrera coupe for the past three years. It's a great car but I have been thinking about selling it and using the proceeds to help buy a low mile 07/08 997 Turbo with a manual trans. I have done a lot of research and know the pluses and minuses of owning each.

I was hoping 997TT prices would come down but they seem stuck around 70/75k for a really nice one. Wallet and garage limitations preclude me from owning both. One factor in my decision will be the likelihood of future appreciation. G50 cars have had a great run up in prices already and I wonder if 997TT cars with manuals will start to appreciate as manual Turbo cars become more scarce in the future?

Curious what anyone thinks about likely future price appreciation for both cars.

[Ferraripete]

while the 997 tt is a great car, I am not sure that short of it being a gt-2, there will ever be any material appreciation. the air cooled cars seem quite a solid place to park your money if it must be in a car.

[littleoldman]

Ask yourself this
If Neither will go down much if any
And neither will go up

Which would you rather drive daily. Which would you prefer to go for a Sunday drive in. Which would your wife like to see you open the door for her in.

Don't think of cars are investments.

They are for enjoying.

So - what do you choose?

[specialtyoneinc]

As a investment I would say the 89 in the short term for sure. You'll have to hold on to the 997TT for quite sometime before they start to appreciate. The 997tt to buy (IMO) is a rare color 6spd Coupe, fully documented with no mods and comes with the PCCB, Sport seats, Sport Chrono and Limited Slip options.

Have your driven a 997tt? It's a complete different animal from your 89.

[littleoldman]

Sox Fan.
I'm sharing this post I read per the above guys post about the 997 being way different feel.

http://forums.pelicanparts.com/porsche-marketplace-discussion/904253-901-g50-pdk-all-one-day.html

[Rick Brooklyn]

Buying run-of-the-mill cars expecting future appreciation is a recipe for major hurt.

Drive a 997tt and see how you like it. Then keep the one you like the most and immediately write off its value from your net worth. Then if and when you have to sell it, any money you get is a windfall gain.

[NYNick]

Originally Posted by Rick Brooklyn

Buying run-of-the-mill cars expecting future appreciation is a recipe for major hurt.

Drive a 997tt and see how you like it. Then keep the one you like the most and immediately write off its value from your net worth. Then if and when you have to sell it, any money you get is a windfall gain.

I beg your pardon? A 997TT is run of the mill?
And where were you at yesterday's C&C btw?

[Rick Brooklyn]

It's a great car surely as is my 996tt but anything that's not a GTx or produced in small batches is run of the mill from a collectible standpoint...

Too cold for me yesterday.

[Matt Monson]

I don't see 997tt going up any time soon.

[Skwerl]

Certain 997TTs (set up along the lines of what specialtyoneinc said) may end up holding a special place in collectors' hearts down the line because they were the last manual Turbos, and also the last of the "correctly sized" 911s before the larger, more boat-y 991 came around.

[COLB]

If you like both cars, and wonder which is the better financial proposition, I think my question would be: Do you like the 987TT $30k+ more than a G50 Carrera?

The best financial move would be to buy a solid, well documented, 90-110k mileage G50 for ~$40k, and drive the heck out of it.

Meanwhile, park the extra $35k you didn't spend on the 987TT in a quality index fund.

History says in 10 years you will have over $70k in the bank + whatever the G50 is worth -- which is a flat crap shoot, but it likely won't be less than $40k.

[Highway-Star]

Originally Posted by Sox Fan

Curious what anyone thinks about likely future price appreciation for both cars.

Your 89 Carrera coupe is approaching 997 TT price at about $50 each day.

If you want to double the speed to a $100 each day, buy another 3.2L.

[trader220]

Originally Posted by COLB

If you like both cars, and wonder which is the better financial proposition, I think my question would be: Do you like the 987TT $30k+ more than a G50 Carrera?

The best financial move would be to buy a solid, well documented, 90-110k mileage G50 for ~$40k, and drive the heck out of it.

Meanwhile, park the extra $35k you didn't spend on the 987TT in a quality index fund.

History says in 10 years you will have over $70k in the bank + whatever the G50 is worth -- which is a flat crap shoot, but it likely won't be less than $40k.

I think thats pretty solid advice.

They made a lot of 997 TT's and they still have time to come down long long before they go up. if they go up.

[Sox Fan]

Thank you all for the responses. I agree with the general sentiment here that the 89 Carrera is more likely to appreciate although nothing like the way it has over the past few years.

Harder to say, I think, is what the 997TT market looks like in the future. I have been following the Ferrari 360 market for a while and I definitely missed the boat there. Manual trans 360s have gone nuts in the past year or so as Ferrari has walked away from making manual cars. Manual 360s that were 75k a year ago are $100k+. I wonder if at some point we will see that happen to 997TT manual cars.

[pmax]

Originally Posted by Sox Fan

I have been following the Ferrari 360 market for a while and I definitely missed the boat there. Manual trans 360s have gone nuts in the past year or so as Ferrari has walked away from making manual cars. Manual 360s that were 75k a year ago are $100k+.

Ferrari's are not meant to be driven. Longhoods are gaining that stature for many as well but SC's and Carrera's like yours and mine are still being driven and enjoyed by their owners.

[Matt Monson]

I doubt it. That's what happened to the GT3 market but 997 turbos are softer cars with les enthusiast owners. And the GT4 and 911R give even those guys a manual option. Very few seem to be bothered by the fact that the 997.2 are all PDK and have been for half a decade.

[KNS]

Originally Posted by pmax

Ferrari's are not meant to be driven.

Sure they are - certainly 360s, it's just that few people do (I know what you meant, though). I love seeing people who have 200K plus miles on their 911SC or 3.2 (or 300K). Virtually unheard of in the Ferrari world. Mileage kills Ferrari values - if you're interested in that - so most owners put very few annual miles on them.

[Sox Fan]

Originally Posted by KNS

Sure they are - certainly 360s, it's just that few people do (I know what you meant, though). I love seeing people who have 200K plus miles on their 911SC or 3.2 (or 300K). Virtually unheard of in the Ferrari world. Mileage kills Ferrari values - if you're interested in that - so most owners put very few annual miles on them.

yup. I have kicked around the Ferrari idea a few times and the mileage thing is a big negative for me. I think Ferraris are a third car, not a second car.

[72viper911t]

I want a 997tt manual, but I think the new carrera S 7 speed manual is going to make them less appealing.

[Matt Monson]

Originally Posted by 72viper911t

I want a 997tt manual, but I think the new carrera S 7 speed manual is going to make them less appealing.

The turbo is a Getrag 6sod. The Carrara is a funky Aisin 7sod based on the pdk. The turbo gearbox has much better feel and durability.