997 GTS - Hexagon
Discussion
So, as this is a value thread, i have a (possibly silly) question.
is there any historic data that shows that cars that have depreciated very slowly for a long time at a certain price point, can suddenly depreciate quickly when a general market changes.
I know that cars can inflate and then deflate (e.g. in financial crashes and when they have been overly inflated), but any evidence when something has sat at a steady sensible price point for a long time that it can significantly drop for one reason or another?
is there any historic data that shows that cars that have depreciated very slowly for a long time at a certain price point, can suddenly depreciate quickly when a general market changes.
I know that cars can inflate and then deflate (e.g. in financial crashes and when they have been overly inflated), but any evidence when something has sat at a steady sensible price point for a long time that it can significantly drop for one reason or another?
c4sman said:
So, as this is a value thread, i have a (possibly silly) question.
is there any historic data that shows that cars that have depreciated very slowly for a long time at a certain price point, can suddenly depreciate quickly when a general market changes.
I know that cars can inflate and then deflate (e.g. in financial crashes and when they have been overly inflated), but any evidence when something has sat at a steady sensible price point for a long time that it can significantly drop for one reason or another?
We're in unprecedented times....there is no parallel moment. Sure there was a late 80's boom but that was very much confined to Classics and Exotics....and it didn't really impact relatively normal cars. is there any historic data that shows that cars that have depreciated very slowly for a long time at a certain price point, can suddenly depreciate quickly when a general market changes.
I know that cars can inflate and then deflate (e.g. in financial crashes and when they have been overly inflated), but any evidence when something has sat at a steady sensible price point for a long time that it can significantly drop for one reason or another?
There are plenty that believe that when interest rates return to what we used to perceive as normal that car prices among other inflated asset prices will come off.
I've been involved in the world of investment for thirty years which is a relatively brief snapshot I suppose but in that time no asset class has increased in price by 1000% (which cars like the 2.7RS have in the last ten to fifteen years) and not had a correction.
Buy a car to enjoy it! A 997 GTS is a great car and whilst I don't think it's going to go up in massively in value I also don't think even if the market has a massive correction you are going to lose huge amounts of value. In the world of investments we talk about things having intrinsic value....a 997 GTS is a modern car thats fantastic to drive can be used as your daily mode of transport and is relatively cheap to maintain. There are an awful lot of cars that are fetching huge money now which are none of those things......
Useful and thoughtful feedback. The info isn't for me personally but for a mate thinking of joining the GTS gang. He wants long term ownership, but doesn't want to lose a chunk of his investment over say 5+ years. Because of my own experience over the last 3ish years I am advising that all variants of the GTS have been safe-ish places to park "usable car" cash and appear to be remaining so, but wanted to check if others agreed.
Nothing's ever 100% but they still seem a reasonable gamble!
I do use and enjoy my GTS and try to forget value as much as possible. My car is actually worthless as although it's an immaculate, low mileage, manual, coupe, 2wd with a full Porsche history and some nice additional extras,.....it has a plastic dash so should really be scrapped
Nothing's ever 100% but they still seem a reasonable gamble!
I do use and enjoy my GTS and try to forget value as much as possible. My car is actually worthless as although it's an immaculate, low mileage, manual, coupe, 2wd with a full Porsche history and some nice additional extras,.....it has a plastic dash so should really be scrapped
c4sman said:
13m said:
Sorry to hear this. Our thoughts are with you and your family, it must be harrowing for you.
Thank you for your support, it is a difficult thing to come to terms with, but we are taking councilling and hope to recover from this most vile affliction. 
joinery80 said:
Can any one post pics up of both I am not sure which dash I have thanks
Afraid I'm too embarrassed to post pics, but given you don't know whether or not your afflicted I would suggest ignorance is bliss. If you find out that you have PPDS (previous post forgot that all Porsche FLAs start with Porsche) your life will be ruined and your car will be instantly worthless. The impact of the difference only exists in the virtual world of the interweb forum, don't let it escape into reality!
joinery80 said:
Can any one post pics up of both I am not sure which dash I have thanks
Doubt you'd get anyone on here to own up to the shame of having a plastic dash in a Porsche 911 lol 
You could try licking it with your tongue - if it makes you feel all warm, giddy and moist between the legs then you have leather and should hold your head high and count yourself as a TRUE Porsche enthusiast. If your tongue bleeds and erupts in puss-filled blisters then sadly you have plastic and there is no cure but sheer embarrassment and feeling of failure I'm afraid.
Even worse if you have a red GTS with NO leather dash
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