Is the bubble about to burst?
Discussion
david hockney said:
I had a real hankering for a 991 GTS at the time and they had not been out
long so I knew it meant a costly affair....but it's better to live a rich man than
die a rich man.
I justified the 991 depreciation with typical man maths in that my 993 has increased in
value considerably since I bought it 3 or 4 years back to compensate.
My main annoyance is that I far prefer driving the BMW 1M coupe than the 991 so I could
have just saved myself bloody 45 grand in the first place had I known earlier!
Knowledge now acquired. Happy Days long so I knew it meant a costly affair....but it's better to live a rich man than
die a rich man.
I justified the 991 depreciation with typical man maths in that my 993 has increased in
value considerably since I bought it 3 or 4 years back to compensate.
My main annoyance is that I far prefer driving the BMW 1M coupe than the 991 so I could
have just saved myself bloody 45 grand in the first place had I known earlier!
hunter 66 said:
A friend asked me to show some basic lines at Silverstone in his 993 C2 ........... after 1 lap could not wait to get out and never get in again ...
I've always found the 993 a nice car to drive- a more comfortable ride than the firm 991 GTS that's for sure.....and I never tire of the looks.....
355Chris355 said:
The greater fool theory states that the price of an object is determined not by its intrinsic value, but rather by irrational beliefs and expectations of market participants. A price can be justified by a rational buyer under the belief that another party is willing to pay an even higher price. Or one may rationally have the expectation that the item can be resold to a "greater fool" later.
You've just described the UK housing market! I'm guessing this is on the bubble as well?hunter 66 said:
A friend asked me to show some basic lines at Silverstone in his 993 C2 ........... after 1 lap could not wait to get out and never get in again ...
But surely that's a reflection of the driver not the car.
I've done 993 laps with several accomplished drivers, most notably Nick Faure in the wet, and left mighty impressed with car and driver.
I agree as only a part timer myself , but I do like 993 cars and have raced 993 GT2 Rs a lot , winning outright at both Spa and Silverstone as well as three 24 hrs , also raced a 993 RSR over the years ........ so 993 cars maybe not the issue , maybe it was the one I drove..also had been driving a Radical just before
Edited by hunter 66 on Wednesday 27th January 17:32
Sam996RS said:
It's going to be interesting to see where the 991.2 GT3 sits and if it has any effect on 991.1 GT3 values. Even more so with the 991 RS when the 991.2 RS arrives.
Every GT3 and RS before the 997 4.0 RS has dipped in value form new and recovered past the original purchase cost (maybe not the 6GT3 but almost).That was a normal market. Now we are in a new paradigm. Will demand forever exceed supply and will there always be plenty of liquidity?
Sam All said:
Every GT3 and RS before the 997 4.0 RS has dipped in value form new and recovered past the original purchase cost (maybe not the 6GT3 but almost).
That was a normal market. Now we are in a new paradigm. Will demand forever exceed supply and will there always be plenty of liquidity?
The 996/7 GT3's will make their own market separate to the 991 and beyond. They represent a different kind of experience. The 6RS has now almost doubled compared to its original purchase price. Personally I think that it's the best of a very good breed of cars. That was a normal market. Now we are in a new paradigm. Will demand forever exceed supply and will there always be plenty of liquidity?
http://www.911virgin.com/porscheforsale/1020/991GT...
Wonder what this eventually went for, was priced same a RHD equivalent
Wonder what this eventually went for, was priced same a RHD equivalent
Steve Rance said:
Sam All said:
Every GT3 and RS before the 997 4.0 RS has dipped in value form new and recovered past the original purchase cost (maybe not the 6GT3 but almost).
That was a normal market. Now we are in a new paradigm. Will demand forever exceed supply and will there always be plenty of liquidity?
The 996/7 GT3's will make their own market separate to the 991 and beyond. They represent a different kind of experience. The 6RS has now almost doubled compared to its original purchase price. Personally I think that it's the best of a very good breed of cars. That was a normal market. Now we are in a new paradigm. Will demand forever exceed supply and will there always be plenty of liquidity?
I suspect the 991 versions will enjoy a different type of purchaser, probably less track use.
In the market trends section of the latest edition of Octane magazine there is a feature that states classic Porsche prices have recently out performed all other car manufacturers according to the latest index figures......classic Porsche apparently up 9% in December 2015 alone......
at this rate I hope to sell my 993 and buy a villa in Ibiza with the proceeds at some point.....
at this rate I hope to sell my 993 and buy a villa in Ibiza with the proceeds at some point.....
Latest EVO mag has a section on values and suggests an overall 20% mkt correction for 2016.
Also adds that dealers are afraid of lowering asking prices incase it starts a sudden collapse in the mkt.
Personally I think GT Porsche cars are fairly safe longer term BUT I do think you now should be buying for enjoyment not investment
Also adds that dealers are afraid of lowering asking prices incase it starts a sudden collapse in the mkt.
Personally I think GT Porsche cars are fairly safe longer term BUT I do think you now should be buying for enjoyment not investment
Wilmslowboy said:
20% correction should be absolutely no big deal
Unless you bought in the sole premise that it was a zero deprecation or an appreciating "investment"
As most stuff has doubled over the past 3 years, should still leave it at 60% up.
Yep. Its not like they are EVER going to be worth less than they were 2 or 3 years ago is it.Unless you bought in the sole premise that it was a zero deprecation or an appreciating "investment"
As most stuff has doubled over the past 3 years, should still leave it at 60% up.
Its only a concern if you have just paid top dollar. But even then, the depreciation wont be as much as a new 911.
If I was buying now, I would be totally comfortable dropping 40k on a 3.2 or 964.
"New paradigm, 20% drop, cash buyers don't need to sell..."
All classic signs of an impending price crash which will be much more than 20%.
Then we'll all look back,and say 'how could I ever of thought that a mass produced bit of metal was worth that much'
I've learnt that hard way that this is how it goes.
All classic signs of an impending price crash which will be much more than 20%.
Then we'll all look back,and say 'how could I ever of thought that a mass produced bit of metal was worth that much'
I've learnt that hard way that this is how it goes.
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