993 Prices tipped to rise again in 2015
Discussion
993kimbo said:
The parts and maintenance prices are all eye-watering, whatever you have done. They're going the way of E-types.
As above. I have had mine for more than ten years. Scheduled maintainance is not too bad. However, the refurbishment work required to keep these old cars in tip top condition is eye watering.Edited by 993kimbo on Sunday 1st February 11:52
Prices will have to rise seriously to keep up with the expenditure of the upkeep.
pp
Koln-RS said:
From what I can see, mileage has a major influence on values.
Enthusiasts may not care, they just want the best car they can use and enjoy. But 'collectors' will have an eye on future values, and rightly or wrongly, mileage is a key factor.
Its interesting about mileage. I spent years buying cars that were lower mileage, then when prices started to rise across the board I started to worry that the miles I were adding was depreciating the car and it was spoiling the driving experience for me.Enthusiasts may not care, they just want the best car they can use and enjoy. But 'collectors' will have an eye on future values, and rightly or wrongly, mileage is a key factor.
So when I sold my last Porsche (968CS) which was low mileage, I intentionally looked out for a well documented, good spec and lower owner but a higher mileage 993 so that the days of odometer watching were over.
I've owned mine now 3 years and covered 18K miles. If she had done 85K miles when I bought her, she would have cost 30% more than she did, and now the mileage would be over the 100K mark, so from a collectors point she would be worth 30% less.
My 993 had more than 100K on the clock when I bought her, and she is worth 50% more than I paid for her 3 years ago. I've had a lot of interest to sell her (even though she's not for sale) and every enquiry was more interested in documented history than the mileage. ie Potential purchasers are looking for the same things I was when I was looking for a 993. Condition first, mileage is secondary.
So where does this leave prices? Boo152 passed away last month and his wife has put his Speed Yellow up for sale. The dealer has it up for 28K. This is a very well looked after, fully documented 993 Manual NB with Sports seats, however it has done 115K miles.
To me that is an utterly under valued 993. Ok not for the collector (the less of them the better) but still cheap for an enthusiast to purchase. This 993 and many more 993s are IMO well under priced compared to other 911s whatever the mileage, and other 'classic' cars in general.
Edited by Wozy68 on Sunday 1st February 12:22
Pickled Piper said:
993kimbo said:
The parts and maintenance prices are all eye-watering, whatever you have done. They're going the way of E-types.
As above. I have had mine for more than ten years. Scheduled maintainance is not too bad. However, the refurbishment work required to keep these old cars in tip top condition is eye watering.Edited by 993kimbo on Sunday 1st February 11:52
Prices will have to rise seriously to keep up with the expenditure of the upkeep.
pp
If someone chooses to have their engine rebuilt 'whilst you are in there', or a respray every time they get a stone-chip, then that's their choice, and it's their money.
But otherwise I genuinely don't know what you mean?
993kimbo said:
For me, Suspension work was eye-watering.
£1800 for the parts, another £1000 for the labour and another £500 every time you wanted to raise or lower the rear ride heights plus another £300 for Geo.
Yes, but I'm with OC. I've just spent 3K on my suspension and it still aint everything, BUT the car had covered 125K miles when it was done, and to be fair I don't really think there was that much wrong with the original.£1800 for the parts, another £1000 for the labour and another £500 every time you wanted to raise or lower the rear ride heights plus another £300 for Geo.
These cars need worn out parts replaced, but they hardly need that much TLC.
993kimbo said:
£3250 for a Motronic box.
£1800 for a steering rack.
Oil cooler, starter motor, alternator, another £1000. Don't get me started with air-con refurb costs...
Motronic box failures are rare, but the same rate (or better) I'll bet for every other car.£1800 for a steering rack.
Oil cooler, starter motor, alternator, another £1000. Don't get me started with air-con refurb costs...
All the others need doing on every car every 60-100k miles, so if you keep buying 993s, spend loadsa money doing the above and then sell them on - repeat - then what do you expect?
If you buy a 993, do all of the above *once* over say a 100k lifespan, then they are (relatively) cheap cars to run.
993kimbo said:
Wozy68 said:
Yes, but I'm with OC. I've just spent 3K on my suspension and it still aint everything.
Do you not think that's expensive? It's a complete rip. However thankfully something like the above isn't often needed. If you think a 993 is expensive to run go buy an Integrale. Fantastic car, but blimey. I needed to fit a tow bar to it, just so I could tow the ATM machine around with me.
A 993 sure ain't cheap as chips to keep maintained - but seeing how the values are going I'm far happier spending dough on my 993 than on a new BMW or 997 etc etc that is also depreciating in value......also- even after owning it for over two years I still stop and look at it every time I walk by my garage- few cars look as good in my eyes.
Wozy68 said:
993kimbo said:
For me, Suspension work was eye-watering.
£1800 for the parts, another £1000 for the labour and another £500 every time you wanted to raise or lower the rear ride heights plus another £300 for Geo.
Yes, but I'm with OC. I've just spent 3K on my suspension and it still aint everything, BUT the car had covered 125K miles when it was done, and to be fair I don't really think there was that much wrong with the original.£1800 for the parts, another £1000 for the labour and another £500 every time you wanted to raise or lower the rear ride heights plus another £300 for Geo.
These cars need worn out parts replaced, but they hardly need that much TLC.
You either need to sell or want to keep.
Orangecurry said:
Pickled Piper said:
993kimbo said:
The parts and maintenance prices are all eye-watering, whatever you have done. They're going the way of E-types.
As above. I have had mine for more than ten years. Scheduled maintainance is not too bad. However, the refurbishment work required to keep these old cars in tip top condition is eye watering.Edited by 993kimbo on Sunday 1st February 11:52
Prices will have to rise seriously to keep up with the expenditure of the upkeep.
pp
If someone chooses to have their engine rebuilt 'whilst you are in there', or a respray every time they get a stone-chip, then that's their choice, and it's their money.
But otherwise I genuinely don't know what you mean?
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