More hype and plain silliness
Discussion
georgeq said:
I compare the cars on the market now to what was sold 5-6 years ago and come to the conclusion that the world has gone crazy.
I compare the sheer pleasure and emotion overload of driving an early air cooled 911 to that of a 991 or 981, soon to be all-turbo, and come to the conclusion that old air cooled cars are still quite undervalued.
If only I had a crystal ball...
What's the source for this, and what values are being tracked?I compare the sheer pleasure and emotion overload of driving an early air cooled 911 to that of a 991 or 981, soon to be all-turbo, and come to the conclusion that old air cooled cars are still quite undervalued.
If only I had a crystal ball...
SS7
As nice as it seems that cars have gone up, really we would all benefit from a crash unless your a speculator or only buying for profit.
Example of this, I bought my car for £58k, I was offered £84k recently so whoop whoop big profit were I to sell it, however whatever I then buy is also bloody expensive.
If there is a crash and my GT3 drops to say £40k, that means I've had 3 years of ownership for £18k not bad in the normal scheme of things, it also means I can afford to keep the GT3 and go out and buy a nice 964/3.2 for about £15-£20k as well and have two toys, Christ maybe even a nice 968 club-sport as well for £10k.
I know what I'd like more, a garage full of toys worth not a lot than one car in profit.
Example of this, I bought my car for £58k, I was offered £84k recently so whoop whoop big profit were I to sell it, however whatever I then buy is also bloody expensive.
If there is a crash and my GT3 drops to say £40k, that means I've had 3 years of ownership for £18k not bad in the normal scheme of things, it also means I can afford to keep the GT3 and go out and buy a nice 964/3.2 for about £15-£20k as well and have two toys, Christ maybe even a nice 968 club-sport as well for £10k.
I know what I'd like more, a garage full of toys worth not a lot than one car in profit.
In the last 5 years I have sold a 993 C2 manual for £14k and a 968 ClubSport for £11k. I'm not a dealer, just a Porsche enthusiast who has been through a few cars. Both of those would be worth double that now. I'm just lucky I still have a classic 911, even if it is a runt of the litter SC, bought before the balloon swelled.
Edited by BrewsterBear on Wednesday 8th July 21:50
BrewsterBear said:
In the last 5 years I have sold a 993 for £14k and a 968 ClubSport for £11k. I'm not a dealer, just a Porsche enthusiast who has been through a few cars. Both of those would be worth double that now. I'm just lucky I still have a classic 911, even if it is a runt of the litter SC, bought before the balloon swelled.
Not that it matters but I would say that an SC will be worth more than the other two soon.shoestring7 said:
What's the source for this, and what values are being tracked?
SS7
There are 2 worth watchingSS7
HAGI http://www.historicautomobilegroup.com and I think the above it from Hagerty
https://www.hagerty.com/valuationtools/HVT/Vehicle...
In both cases tracking all market data points including their own insured stock in the case of Hagerty.
How does the HAGI chart compare to the previous chart of bubble phases?
Personally, I don't think we're quite at the top yet....... fools are too easily parted with their money...... but the inevitable drop can't be too far away. Wait for the first rise in interest rates in the US and then the trickle effect to the UK and Europe over the consecutive few months.
All IMO, of course.....
Personally, I don't think we're quite at the top yet....... fools are too easily parted with their money...... but the inevitable drop can't be too far away. Wait for the first rise in interest rates in the US and then the trickle effect to the UK and Europe over the consecutive few months.
All IMO, of course.....
Edited by speedyellowrs on Thursday 9th July 08:23
Beware of this.
The government attacked BTL yesterday big time. So that market overnight will have alterered and become hugely less attractive.
The same goes for the insane classic car market and even moreso the 911. I have no doubt that plans are being hatched to tap into this tax free appreciation. How they'll do it I know not but i'm sure they will.
Then the whole thing could implode as owners rush for the door before implementation.
People have short memories. Humans never learn.
I may offload my 3.2. If only to buy the same thing for a 1/3rd of the price!
The government attacked BTL yesterday big time. So that market overnight will have alterered and become hugely less attractive.
The same goes for the insane classic car market and even moreso the 911. I have no doubt that plans are being hatched to tap into this tax free appreciation. How they'll do it I know not but i'm sure they will.
Then the whole thing could implode as owners rush for the door before implementation.
People have short memories. Humans never learn.
I may offload my 3.2. If only to buy the same thing for a 1/3rd of the price!
shoestring7 said:
What's the source for this, and what values are being tracked?
SS7
Sorry, forgot to mention.SS7
https://www.hagerty.com/valuationtools/HVT/Vehicle...
911 930 Turbo Coupe
g7jhp said:
P50 said:
I may offload my 3.2.
I'll offer you £15k and the knowledge it'll have gone to a 3.2 enthusiast who promises to drive the nuts off it rather than polish it! 
The market is still been driven by greedy dealers though.
There is a blue 930 on here on a D plate, been for sale for at least 3yrs+
started mid 30's never sold then went up to 40 then 42k then in the 50's think its its up at 70k+ now maybe more as I've lost track, mind boggling to think he will sell it for the price he wants when there was no interest in the mid 30's, personally I think a lot of dealers are buffoons.
These cars "the majority are not original" are who are driving the enthusiast out of the market.
The 996 turbo will be next to go daft wait and see, personally I think it's a great shame.
There is a blue 930 on here on a D plate, been for sale for at least 3yrs+
started mid 30's never sold then went up to 40 then 42k then in the 50's think its its up at 70k+ now maybe more as I've lost track, mind boggling to think he will sell it for the price he wants when there was no interest in the mid 30's, personally I think a lot of dealers are buffoons.
These cars "the majority are not original" are who are driving the enthusiast out of the market.
The 996 turbo will be next to go daft wait and see, personally I think it's a great shame.
Crimp said:
The market is still been driven by greedy dealers though.
There is a blue 930 on here on a D plate, been for sale for at least 3yrs+
started mid 30's never sold then went up to 40 then 42k then in the 50's think its its up at 70k+ now maybe more as I've lost track, mind boggling to think he will sell it for the price he wants when there was no interest in the mid 30's, personally I think a lot of dealers are buffoons.
These cars "the majority are not original" are who are driving the enthusiast out of the market.
The 996 turbo will be next to go daft wait and see, personally I think it's a great shame.
Well not as daft as it may seem, I think I'd rather have increase in 'value' of 100% plus in 3 years than a few grand profit on a quick flip. In fact I'm amazed at how few dealers kept some cars back over the years to punt out a bit later on.There is a blue 930 on here on a D plate, been for sale for at least 3yrs+
started mid 30's never sold then went up to 40 then 42k then in the 50's think its its up at 70k+ now maybe more as I've lost track, mind boggling to think he will sell it for the price he wants when there was no interest in the mid 30's, personally I think a lot of dealers are buffoons.
These cars "the majority are not original" are who are driving the enthusiast out of the market.
The 996 turbo will be next to go daft wait and see, personally I think it's a great shame.
Its not just Porsche that have seen their value rise sharply, in fact most classic or special cars are doing very well indeed.
Quite a few comments I see remind me of me looking at how much my dad paid for his house in the early 1970's and its value now and saying it unsustainable, or that I used to be able to buy a pint of beer in central London for a £1...reality is prices of some things rise...especially things that are desired, and are no longer made, I feel a fool for selling my Banksy 12 years a go for a £5, but I don't let it keep me awake....
Black_mamba said:
Crimp said:
The market is still been driven by greedy dealers though.
There is a blue 930 on here on a D plate, been for sale for at least 3yrs+
started mid 30's never sold then went up to 40 then 42k then in the 50's think its its up at 70k+ now maybe more as I've lost track, mind boggling to think he will sell it for the price he wants when there was no interest in the mid 30's, personally I think a lot of dealers are buffoons.
These cars "the majority are not original" are who are driving the enthusiast out of the market.
The 996 turbo will be next to go daft wait and see, personally I think it's a great shame.
Well not as daft as it may seem, I think I'd rather have increase in 'value' of 100% plus in 3 years than a few grand profit on a quick flip. In fact I'm amazed at how few dealers kept some cars back over the years to punt out a bit later on.There is a blue 930 on here on a D plate, been for sale for at least 3yrs+
started mid 30's never sold then went up to 40 then 42k then in the 50's think its its up at 70k+ now maybe more as I've lost track, mind boggling to think he will sell it for the price he wants when there was no interest in the mid 30's, personally I think a lot of dealers are buffoons.
These cars "the majority are not original" are who are driving the enthusiast out of the market.
The 996 turbo will be next to go daft wait and see, personally I think it's a great shame.
Its not just Porsche that have seen their value rise sharply, in fact most classic or special cars are doing very well indeed.
Quite a few comments I see remind me of me looking at how much my dad paid for his house in the early 1970's and its value now and saying it unsustainable, or that I used to be able to buy a pint of beer in central London for a £1...reality is prices of some things rise...especially things that are desired, and are no longer made, I feel a fool for selling my Banksy 12 years a go for a £5, but I don't let it keep me awake....
http://www.911virgin.com/porscheforsale/986/9934S/
The perfect 993 IMO
Seems a lot, but I reckons gone my the weekend!
ETA not my car...!
The perfect 993 IMO
Seems a lot, but I reckons gone my the weekend!
ETA not my car...!
Edited by Black_mamba on Thursday 9th July 21:50
Black_mamba said:
http://www.911virgin.com/porscheforsale/986/9934S/
The perfect 993 IMO
Seems a lot, but I reckons gone my the weekend!
ETA not my car...!
£65k for an 86k mile 4S with Metropole Blue leather. No I'd prefer a nice narrow bodied manual C2 myself....apart from an RS.The perfect 993 IMO
Seems a lot, but I reckons gone my the weekend!
ETA not my car...!
Edited by Black_mamba on Thursday 9th July 21:50
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