Crazy Porsche prices? Why?

[LaurasOtherHalf]

We're all enthusiasts, we all love our Porsches and we know they aren't making any more classics.

There are also less people being qualified to drive cars each year, year on year.

So why is it now that prices are going silly?

Yes I know that supposedly market forces dictate a price, yes I know that savings are currently not yielding great results. But still, why now? Is the market really moving forwards or is it being forced? Manipulated?

[mollytherocker]

LaurasOtherHalf said:

We're all enthusiasts, we all love our Porsches and we know they aren't making any more classics.

There are also less people being qualified to drive cars each year, year on year.

So why is it now that prices are going silly?

Yes I know that supposedly market forces dictate a price, yes I know that savings are currently not yielding great results. But still, why now? Is the market really moving forwards or is it being forced? Manipulated?

There is an element of specualtion and manipulating going on, but I would say that the root issue is the declining number of cars vs an increasing world market for them.

Supply and demand.

[RB_987s]

I think it's because the air cooled cars are a hoot to drive. Small enough for country lanes, they sound epic and you have to rev them to get decent performance.

[majordad]

Good point threre. Dick O' Brien used give us lectures on Rallying in Cork Motor Club in the late 70s, lighten the car he'd say and also do it now cos you won't be able to do it in years to come. Still rings true 35 yrs later.

[Crimp]

Some good posts here, I've benefited to a degree from a monetary perspective as I've got out of some of the older air-cooled cars I've previously owned, the issue I had and I guess even more so with the current owners, the more the perceived values rise due to internet hype, speculators and lets face it less good cars available the enjoyment of ownership waivers. They become more like ornaments than something you want to get out in and drive in all weathers and basically enjoy.
Sure its a nice thought to having an asset rising in value but what's the point if its just going to be sat in a collection or in somebodies garage gathering dust.

I used to clean my older stuff everytime I used it, for fear of tin worm etc so much so that it became a standing joke with neighbours and family to be honest. My current car gets used and cleaned when its filthy not dusty and due to regular use drives better than any of the other stuff I've owned.

[SEE YA]

Every year this type of topic pops up, look at prices for 996 Turbos now around 30k great value a lot of car.
In around five years time, they will not be that price anymore they are a sleeper car.
Buy a good one now, look after it and enjoy the car you will not lose on it money wise.

Boxsters again cheap around 4k again a lot of fun car for not much money.

I was in the same position, back in 07 looking for my dream car the market had gone bottom on the model I wanted.

However I did not think, about the value going down when I bought it.

Now the value is around 45k(insurance quote) for my car now, more then double what I paid for it.

The market will level out, but the industry itself is worth over 4 billion and many jobs for people.
Car shows more and more each year, and the old ones crowds bigger each year.

The thing is with a Porsche there is one for everybody's taste and pocket.
If you wait to long, the one you want could be out of your price range due to the rise in value of classic cars in general.

Buy the one you want and enjoy it.

'EVERY MILE IS A SMILE"

[shoestring7]

RB_987s said:

I think it's because the air cooled cars are a hoot to drive. Small enough for country lanes, they sound epic and you have to rev them to get decent performance.

There are many reasons, that's one, and for me there's something about the pre-73's curves, shape, sound, smell, engineering integrity & sporting heritage that I love. In addition they're also simple & reliable, economical to run, have a strong specialist network, good parts supply, they're easy to drive, were around when current wealthy 30/40/50 year olds were impressionable yoofs, and gain you entry to all sorts of clubs and events.

They are also now fashionable.

SS7

[kbooker]

Ferrari dealer in Paris told me the recently changed laws surrounding the import of classic cars into China was having a big influence

[NJH]

The question I always have in my mind when this subject comes up is why is it just rear engined Porsches, Ferraris, AM, the interesting BMWs and bizarrely the more memorable Fords etc.. There are lots of cars that get overlooked, some from within Porsches own stable. Look at a late 80s Morgan +8 for example, you can easily find a really nice low miles one for 25 to 30, if Morgan had done a Porsche and made the cars much bigger and heavier cars like that might also have gone mental.

[Wozy68]

Been browsing a local classic car dealership today in West Knapton (I'm up at the in-laws in North Yorks for a few days) and if you think classic non RS are silly money, then you need a trip to your local classic car specialist, none of which really exist in my home county of Worcestershire.

32K for an MGC? 20K for a bitsa Mini Cooper, 15K for a Capri 3ltr, 35K for an MGA? Another place I visited had a TR4 up for 29K and a TR5 for 42K.

The only one that sold less in the UK than any aircooled standard model was the TR5. Not one of the above would max out at anywhere north of 130 let alone minimum of any SC or later 911 of around 150. Not one could hit the 0-60 in less than eight seconds.

The aircooled SC, 3.2 964 and 993 (and for me, especially the 993) are bargains in comparison. Reasonably rare, extremely well built (An early model E Type LHD was up for 95K, the bloody drivers door wouldn't open) and engineered.

Personally I wish prices would just stabilise across the board, but looking outside the box that is 77 onwards aircooled 911, 911s arnt expensive

[Mermaid]

anonymous said:

[redacted]

Absolutely + "zero" %interest rates & mega growth in the nouveau riche, here and abroad. Tax free too.

Interest rates at 5%, tax on classics at CGT rate and China catching a cold?????? any one will do the trick

[Koln-RS]

Mermaid said:

Absolutely + "zero" %interest rates & mega growth in the nouveau riche, here and abroad. Tax free too.
Interest rates at 5%, tax on classics at CGT rate and China catching a cold?????? any one will do the trick

None of this will affect the serious players, or enthusiasts buying for pleasure.

It may burn the fingers of speculators who are out of their depth.

But, whilst there are roads to drive on and fuel to run them, our love of cars will only continue.

Edited by Koln-RS on Friday 2nd January 20:49

[Mermaid]

Koln-RS said:

Mermaid said:

Absolutely + "zero" %interest rates & mega growth in the nouveau riche, here and abroad. Tax free too.
Interest rates at 5%, tax on classics at CGT rate and China catching a cold?????? any one will do the trick

None of this will affect the serious players, or enthusiasts buying for pleasure.

It may burn the fingers of speculators who are out of their depth.

Agree, but when st comes down the mountain it leaves few Roses to bloom. Plenty of highly leveraged speculators.

[ruebdo]

Everyone's an expert.

It's happened, it's the market!!

I would not worry about it. I have a few nice cars and love them. I even drive them lots too!!

If it goes up great. If it goes down oh well.

I honestly believe all of the people that post that prices are ridiculous are the people that cannot afford to buy them ( sorry).

I am not rich and maybe got lucky with my car purchasers. But can you imagine posting on ferrari chat that the value of a 250 GTO is ridiculous. It's what it is.

Not being rude, but why post the inevitable crash etc. the last advice I got on pistonheads was that I was paying way to much 2 years ago when I bought a 964 3.6 RHD for under 80k!!!

Enjoy your cars, and if your playing the market then good luck. But most importantly buy a car to enjoy that you can afford. That way you will never lose!!!

Happy new year

[vallance5]

Last of a breed.

Everything modern and new (not just Porsche) has electric steering, automatic/pdk and is small displacement with turbos.

For me a car should have none of the above.

[Mermaid]

ruebdo said:

Everyone's an expert.

It's happened, it's the market!!

I would not worry about it. I have a few nice cars and love them. I even drive them lots too!!

If it goes up great. If it goes down oh well.

I honestly believe all of the people that post that prices are ridiculous are the people that cannot afford to buy them ( sorry).

I am not rich and maybe got lucky with my car purchasers. But can you imagine posting on ferrari chat that the value of a 250 GTO is ridiculous. It's what it is.

Not being rude, but why post the inevitable crash etc. the last advice I got on pistonheads was that I was paying way to much 2 years ago when I bought a 964 3.6 RHD for under 80k!!!

Enjoy your cars, and if your playing the market then good luck. But most importantly buy a car to enjoy that you can afford. That way you will never lose!!!

Happy new year

Happy new year to you too.

Have you ever owned high value cars that have dropped 50, 80%.

I agree there are many cars that deserve the price tag as the value of money has gone down. But some everyday stuff is a little silly, don't you think?

Well done on choosing your cars wisely, and enjoying them.

[ruebdo]

Thanks

Yes I have had cars that have lost a lot of money over the years. But, I never posted and preached to people that it was inevitable that it would happen to them.

Just my opinion!!

[Mermaid]

ruebdo said:

Yes I have had cars that have lost a lot of money over the years. !

Tell us more, so we benefit.

Housing house prices & low mortgages have helped a lot of people buy cars they would otherwise not have. Big bang in 1988/89 had the same sort of effect. And we all know what happened on 1990/91.

But I do agree, it is not as narrowly focused this time. Would I buy a 4.0RS at £400k? & would you?

[ruebdo]

I doubt you will benefit from what I have to say because I said I lost money on cars. So not to sure how I can advise people??

I nearly bought the 4.0 Mexico blue RHD car from JZM. I was offered it before it went to them. It did not sell for 400k either.

Honestly, I think that will double in 10 years. Bookmark this thread.

Low interest rates are definitely pushing prices up. But also gone are the days of remortgaging to buy cars as the lenders are switched on.

I do believe the difference this time is that cars are being seen as investments that can be enjoyed. Surely the most silly investment is a picture you hang on one of your walls that cost you millions ? But people keep buying them.

But of course just my opinion

[Mermaid]

Thread bookmarked.

Few things, however, go up in in a straight line. Stocks, bonds, houses, gold, silver, oil, currency. But the trend has been mostly from the bottom left to the top right.