Best Porsche as Investment?

[KH]

I have a mate who has very little interest in cars, but likes the idea of owning a classic Porsche, using it at weekends and being able to sell it on in a few years time for a profit.

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.

My first thoughts would be a 70's 911S but as he only (!) has up to £40,000 I think that's probably out of his reach. I own a 993 myself, but I can't keep track of 993 values. Maybe a 3.2 carrera and stick the rest in the bank. Dunno.

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

[Pugley]

356

[SEE YA]

930

[CraigVmax]

I think a decent 3.2 supersport, or for 40k a speedster wouldnt be a bad investment. a 930 is a good shout too.

[Diesel130]

KH said:

... being able to sell it on in a few years time for a profit.

I'd be surprised with the current economic outlook with the euro going down the pan whether _any_ car could be sold on for a profit. To do that, it'd have to appreciate more than the sum of maintenance & repair costs, insurance, tax (if applicable), the interest you loose on not having the 40,000 in a deposit account and inflation. But good luck trying!

If, however, he wants to minimise the depreciation, what about a 996 GT3 MK I ? There have been a few around the £32K mark, so that would leave some money over for maintenance and insurance.

[Helicopter123]

996 GT3?

[RDMcG]

996 GT3RS or a 993RS seem pretty safe.

[Murcielago_Boy]

965 Turbo
996RS

[KH]

I hadn't thought of the GT cars. A massive amount of car for the money.

[JW911]

Early 996 GT3 for that budget. A bit of a stretch could maybe put him in a 993 Turbo.

[subaqua]

Its a car... its for driving.

If its an investment you want to make, buy shares, a house or a painting. Driving a car and consequently wearing it out reduces the value of your "investment", so IMO you want to buy a car for the pleasure you get from driving it. If you want to make an investment, put the money elsewhere

[keep it lit]

subaqua said:

Its a car... its for driving.

on the money

[falkster]

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

[Helicopter123]

keep it lit said:

subaqua said:

Its a car... its for driving.

on the money

I think with a 996 GT3 you could come quite close to having the best of both worlds...

[tomvcarter]

Helicopter123 said:

I think with a 996 GT3 you could come quite close to having the best of both worlds...

Good shout or the 996 Turbo

[keep it lit]

Helicopter123 said:

I think with a 996 GT3 you could come quite close to having the best of both worlds...

I do hope so... just working on mine as we speak.. getting ready for Mallory Park on Saturday.

[keep it lit]

KH said:

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

I have a set.. but mine are hairy!

[KH]

subaqua said:

Its a car... its for driving.

If its an investment you want to make, buy shares, a house or a painting. Driving a car and consequently wearing it out reduces the value of your "investment", so IMO you want to buy a car for the pleasure you get from driving it. If you want to make an investment, put the money elsewhere

Everything he has bought like that has gone down in value, that's why he's thinking about a car.

[justinbaker]

Six 986 Boxsters. Leave them in a dry dark place for 30 years. :-)

[BertBert]

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