997 Carrera S, Investment????

997 Carrera S, Investment????

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Discussion

tyeo86

Original Poster:

292 posts

151 months

Wednesday 17th August 2011
quotequote all
Afternoon Guys,

Thinking about buying a 997 Carrera S shortly. Anybody out there believe they will hold thier value or could I be buying one for £20k in one years time.

carcrazypop

579 posts

163 months

Wednesday 17th August 2011
quotequote all
In my opinion, it is def. not investment material; prices will probably go the same way as 996's IMHO.

tyeo86

Original Poster:

292 posts

151 months

Wednesday 17th August 2011
quotequote all
carcrazypop said:
In my opinion, it is def. not investment material; prices will probably go the same way as 996's IMHO.
Do you think 996's have bottomed?

carcrazypop

579 posts

163 months

Wednesday 17th August 2011
quotequote all
tyeo86 said:
carcrazypop said:
In my opinion, it is def. not investment material; prices will probably go the same way as 996's IMHO.
Do you think 996's have bottomed?
Probably not; the only modern Porsches which might minimise depreciation are the rare ones manufactured in limited numbers, GTx's, RS's.

percymon

95 posts

238 months

Wednesday 17th August 2011
quotequote all
tyeo86 said:
Afternoon Guys,

Thinking about buying a 997 Carrera S shortly. Anybody out there believe they will hold thier value or could I be buying one for £20k in one years time.
Well the part ex on this one was probably £20k or a smidgen less .. http://www.pistonheads.com/sales/3086538.htm


Buy an older one and the depreciation will be less but the running costs may be higher due to aadditional service items and wear n tear.

All 997s will depreciate, just some less than others - 3.6s and 3.8S are volume cars, ten a penny. Ultimately they will reach £15k price level but probably not for another 4 years, when the first cars will be 10 years old. Good buy for a £65k sports car, provided you can afford the running costs.

Tydeides

278 posts

196 months

Wednesday 17th August 2011
quotequote all
Probably £25k in one years time.

My 997 C4S has cost me £5k this year in servicing. The car eats cash, so no way is it an investment. Deal with the costs as hobby costs and enjoy it, if you don't want to spend that kind of cash then buy something like a mk1 Focus RS which is pretty static price wise instead.

Scelto

619 posts

156 months

Wednesday 17th August 2011
quotequote all
There's no way a 997 can be considered to be an "investment" in the traditional sense of the word.

A short time ago there was a good discussion about the notion of "investing" in any Porsche at all, which made an interesting read.

I'm pretty sure the question of holding value was touched upon in your "wot to look for" thread that you started a while ago too.


Edited by Scelto on Wednesday 17th August 13:51

tyeo86

Original Poster:

292 posts

151 months

Wednesday 17th August 2011
quotequote all
Tydeides said:
Probably £25k in one years time.

My 997 C4S has cost me £5k this year in servicing. The car eats cash, so no way is it an investment. Deal with the costs as hobby costs and enjoy it, if you don't want to spend that kind of cash then buy something like a mk1 Focus RS which is pretty static price wise instead.
£5k why and wot on earth did you have done?

sy247

375 posts

193 months

Wednesday 17th August 2011
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Its not difficult to spend 5K on a Porsche, unfortunately...

My 996t went in for a minor service when it was being prepped before I picked it up. It needed all 3 rads replacing, the turbo heatshields doing, rear discs and pads all round. Plus a few other minor bits and pieces. The cost of the minor service plus the other work was 3K. Imagine if it needed a clutch as well (which it probably will quite soon) that would be another £1300 ish. I put a new set of tyres on it recently, oh there goes another 1K.

That's a 5K spend, and my car is a 996t that has been very well looked after and had 37K on the clock when I picked it up and was purchased from one of the better (IMO) indies.

sy247

375 posts

193 months

Wednesday 17th August 2011
quotequote all
And that's indie not OPC prices...

Mermaid

21,492 posts

170 months

Wednesday 17th August 2011
quotequote all
sy247 said:
And that's indie not OPC prices...
eek


I think I should stop looking at GT3 classifieds. smile

RudeDog

1,652 posts

173 months

Wednesday 17th August 2011
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I think 997 C2S's still have a long way to drop before they bottom out completely.

sy247

375 posts

193 months

Wednesday 17th August 2011
quotequote all
I think if you go in with your eyes open its ok. I paid top $ for my turbo - 34K to be precise. But the 3K work that needed doing offset that somewhat. I was aware that it was on the original clutch so at some point a replacement would be due. Tyres are consumables, albeit expensive ones. I changed form Pirelli to Michellin which should apparently last longer. If I get 12K out of the rears I think that would be doing well. So I haven't had any big surprises.

I have got a 48K service coming up though, which probably won't be cheap. And I've got it booked in with Center Gravity for a supsension check / overhaul and geo setup (not that I think there is anything major wrong with the suspension but I want it factory fresh). And I chose to have the wheels refurbished, which wasn't essential (but was for me).

There is a big price differential between doing the minimum amount of maintenance or taking the view which I have and doing everything inclduing a fair few things that probably aren't actually required but I want done to make the car absolutely 100%.

R Soul

123 posts

164 months

Wednesday 17th August 2011
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RudeDog said:
I think 997 C2S's still have a long way to drop before they bottom out completely.
+1

Mermaid

21,492 posts

170 months

Wednesday 17th August 2011
quotequote all
How many volume cars have been good investments?

Diesel130

1,549 posts

211 months

Wednesday 17th August 2011
quotequote all
tyeo86 said:
Anybody out there believe they will hold thier value
No

tyeo86 said:
or could I be buying one for £20k in one years time.
Yes

.. and for 15K in 3 years time. There are so many available and there is so much downward pressure from newer models. They will follow 996's downwards.

uktrailmonster

4,827 posts

199 months

Wednesday 17th August 2011
quotequote all
tyeo86 said:
Thinking about buying a 997 Carrera S shortly. Anybody out there believe they will hold thier value or could I be buying one for £20k in one years time.
100% sure they will lose value over the foreseeable future. They are still firmly on the depreciation curve. But no, you won't get one for £20K next year unless cat D, galactic mileage, lime green interior etc.

Tydeides

278 posts

196 months

Wednesday 17th August 2011
quotequote all
tyeo86 said:
£5k why and wot on earth did you have done?
Minor Service and 4 new tyres £2,200
New rear tyre (tyre was slashed by yobbo) £350
New brakes (disks and pads all round) £1,700
Left front suspension top mount split £580
Steering track rod arms £175
Handbrake adjustment £70
Exhaust rattle £150
Engine coolant bung washer £145
Total £5,370 (admittedly OPC cost)
I was a bit disappointed in that all the above came under wear and tear; i.e. I have a full Porsche warranty that covered none of the above.


My car was £92k five years ago; it's not a cheap car to run. It's a fantastic car, and at sub £30k I think a good 997 is a great opportunity. However don't convince yourself it's an investment! The costs are very real (including top end car tax, insurance, club membership, tracker fees.... as I said it eats cash!)

davek_964

8,796 posts

174 months

Wednesday 17th August 2011
quotequote all
Tydeides said:
Minor Service and 4 new tyres £2,200
New rear tyre (tyre was slashed by yobbo) £350
New brakes (disks and pads all round) £1,700
Left front suspension top mount split £580
Steering track rod arms £175
Handbrake adjustment £70
Exhaust rattle £150
Engine coolant bung washer £145
Total £5,370 (admittedly OPC cost)
I was a bit disappointed in that all the above came under wear and tear; i.e. I have a full Porsche warranty that covered none of the above.


My car was £92k five years ago; it's not a cheap car to run. It's a fantastic car, and at sub £30k I think a good 997 is a great opportunity. However don't convince yourself it's an investment! The costs are very real (including top end car tax, insurance, club membership, tracker fees.... as I said it eats cash!)
You've very neatly summed up why I don't use an OPC. A set of tyres for my 996 turbo comes in around £800 and I think the book price at an independent for my minor service a couple of weeks ago was £250-ish. New pads and discs all round was literally half what you paid.

I hope you didn't buy 4 new tyres, and a rear tyre all in one service!

ETA : And my handbrake was adjusted as part of my minor service. Quite surprised it's a £70 extra charge.

Tydeides

278 posts

196 months

Wednesday 17th August 2011
quotequote all
I've neatly summed up why I don't use the OPC either now.

Coffee is good, but not that good! Great bunch of guys, but I'm getting meaner in my old age! (Plus I'm saving for a Ferrari as stablemate).