Best Porsche as Investment?

[all2ofme]

KH said:

He came to me for advice, but I've lost money on every Porsche I've ever bought and sold so I'm not ideal.

Your friend's experience would very likely to be the same as yours. Don't beat yourself up about not being good at it

There will be very few people here that have done any better - and if they did chances are it was by accident having bought a car they wanted in the first place!

[KH]

Thanks Ben.

I have had a few nice cars in the past that I sold too early and could have been sitting in Barbados now had I kept them. Maybe it's not possible any more. I mentioned the 2.4 911S because I've had a few of those. Highest price I ever got was about £7k, now going for... £60k?

[cragswinter]

993



20% return in 8 months

in all seriousness i'm not sure there's anything in his budget that has big potential for going up enough to make it worth it.

if as someone has posted above you could get a 3.2 speedster under £40k i'd suggest that as a good place. same if you can find a good low mileage 3.2 clubsport (i did know of one )

everything else is out of reach 996gt3rs, 964rs, 993rs, 964 speedster.

if he's wanting a punt within budget i'd say maybe (& only just maybe mind)
mk1 gt3 clubsport
993 c2 (low mileage)
993 c2s
993 c4s
though i don't see any of the above making much in the short to medium term at least.

better place would be a 308 based ferrari or a testarossa.

[christer]

20k in a fund focussing on India and perhaps Africa and high teens k in a 964. Imho, dyor

[chris7676]

BertBert said:

I'd suggest a much more balanced financial portfolio. Buying a car as an investment is a completely daft idea.
Bert

Agree, with the suggestions of GT3 he MIGHT NOT lose money but will still need to spend some to maintain it. I would rather think which car will lose least money. Odds are against him to win here.

[Helicopter123]

christer said:

20k in a fund focussing on India and perhaps Africa and high teens k in a 964. Imho, dyor

But you can't drive a unit trust on a Sunday morning?

[marky911]

BertBert said:

I'd suggest a much more balanced financial portfolio. Buying a car as an investment is a completely daft idea.
Bert

Totally agree. ^^^^^

To buy a specialist car when you're not even a petrolhead seems daft and let's face it, nothing is going up anytime soon.

I also wonder about the future of any petrol engine cars as investments anymore. It's not going to be like keeping a '73RS from new until now. The roads and indeed world, will be a very different place in 30 years time.

I think the only cars that will be anything like an investment will be uber-low mileage garage queens that can go into static displays. I've always said I plan on keeping my 964T for good (because I like it a lot and would rather have that and a GT3RS one day, than sell it to fund a GT3RS) but, I'm now contemplating getting rid in a few years to get into the GT3 sooner.

Just my 2p worth on MK1 GT3s - I thought wuold they would start and rocket in price soon but with 997s pushing 996/2s down anyone other than a collector is going to buy the newest car where possible. If you're buying one to use, surely you're going to buy the most capable machine?
I know the numbers thing comes into it but, any rise in price might be a while now....

[marky911]

KH said:

Any thoughts welcome but I appreciate no-one's got crystal balls.

You've heard about my operation haven't you?!

[KH]

Yes. You can now see yourself coming.

[drmark]

KH said:

Thanks Ben.

I have had a few nice cars in the past that I sold too early and could have been sitting in Barbados now had I kept them. Maybe it's not possible any more. I mentioned the 2.4 911S because I've had a few of those. Highest price I ever got was about £7k, now going for... £60k?

If you bought a 2.7RS new and kept it you might get 20 -25 times your initial stake back now - but allowing for inflation over that period, the real gain is unlikely to be much more than 30-40k. Add in running costs and it becomes a definite overall loss - at least a 100k loss if you factor in a top quality engine rebuild and restoration (which it would need had you been using it as designed).

Bung the purchase price in the stock market and you would be looking at 40 -50 times return with dividends (30 just on FTSE gain) - despite shares flat lining over the last decade.
But, as I have said before, you cant drive a share certificate. Porsches are crap investments but a pleasure to own.

Edited to add: all back of fag packet calculations .....

Edited by drmark on Tuesday 12th July 18:24

[Wozy68]

falkster said:

Supersport in grand prix white - not too daft at the moment but in time could be!!

Blimey they are well overprice IMHO already. You can virtually get a 930 for SSE money now. Silly prices.

[marky911]

KH said:

Yes. You can now see yourself coming.

[Crimp a Length!]

Supply and demand determine prices.
All good old school stuff will hold its own.

I would suggest that a 996 GT2 maybe an okay place to put your money.

Supersports were mentioned but the 930 is a better long tem proposition if you can get a nice example such as the one i've just sold.
The down side to all this though as i have experienced is you get too hung up on values etc and you don't really enjoy the ownership experience as you don't drive the bloody things, trust me thats what happens.

[jackal]

Why are people quoting ships that have already sailed ?

If we go into a massive double dip then stuff like 93rs, 964rs, 930, 911s has got mor chance of losing money ather than appreciating more IMO

My tip has to be a low miles 996 GT3 or RS, neither of which have actually gone up yet.

I also have a sneaking suspicion that Stradales will one do day do an 'f40' but that might be just wishful thinking.

[DiscoColin]

If you are going to use it properly then you are going to spend more running it than you will make back. If it is to be a garage queen then the 996RS is as safe a bet as any IMHO (though it would be a crime to make a garage queen out of it). Possibly a Mk1 GT3 clubsport due to scarcity too. GT2s are certainly good value but specialists that I have spoken too don't think that they will ultimately end up as collectible as the 3s.

The smart option would probably be as someone said above - something air cooled at a nice (sub £20k) price and invest the rest.

[DiscoColin]

jackal said:

I also have a sneaking suspicion that Stradales will one do day do an 'f40' but that might be just wishful thinking.

I suspect the later - just not a 'poster on the childhood bedroom wall' car is it? Great car, but not a game changer nor a classic IMHO. Derivative of a main production model and there will always be a much better one just around the proverbial corner... Much like Porsche (but to a lesser extent) - Ferraris just aren't that rare any more

[I reckon that the revered status of the Mezger engine will make the ones that have it the only water cooled 911s to hold value in the long term and I just don't see a parallel from the contemporary Ferrari range - even the track specials. But again just MHO.]

[daddyov8]

cars can be good investments but like most things only if timed with the market. when the money leaves so does the value, e types were a prime example in the past.

40k isn't enough to buy a a1 example of much on the A list so you'd have to look for something that hasn't risen yet, then it becomes game of chance.
someone mentioned testarossa's they look like they have potential, maybe a nice 456 no ones ever got a bad word about them, maybe a zagato virage last hand built aston with custom bodies and engines, series 1 e types will always hold a certain level.

doubt there are any porsches out there worth it unless you take a long, long term view; porsche struggle with the common supercar problem; their models have long lives, they make quite a lot and they last well so supply is never an issue except for special models which are over 40k.

other option could be buy a basket case import from US of something with history and value for £10-15k and spend £25-30k on full resto you've just got to guess what

[chfs911]

3.2CS or 914/6

[Carl_Docklands]

RS61.

[cragswinter]

Carl_Docklands said:

RS61.

I'm guessing you missed the up to 40 grand part?