60k GBP to be spent - 997 2008/09 Turbo or 2013/14 991 4S
Discussion
Hi All, i’ve luckily come into some money and i’d like to invest in a 911 (had a 997 back in 2008 which I reluctantly had to sell) . Initially I looked at which 911 could be a solid investment and the 997 turbo 1.5 Gen 2009 (09) with Metger engine and gen 2 interior looked solid enough but I really can’t help looking at what 60k could get in the 991 range and despite loving the targa the reality would be more like a 2013/14 Carrera 4S. This car would be stored and run at the weekends by my father until we move back to the Cotswolds in 3-4 years time. Your opinions from an investment versus driving pleasure versus maintenance perspective would be very much appreciated
Edited by Ataylor007 on Saturday 23 February 10:19
That would be one of the worst investment ideas ever.
You'd be bettet off by just giving someone £20k.
A 991 C4S over the next 4 years will keep depreciating, once you add in insurance and servicing and any maintenance youll lose £20k and wont even have driven it.
Put the 60k in premium bonds.
You'd be bettet off by just giving someone £20k.
A 991 C4S over the next 4 years will keep depreciating, once you add in insurance and servicing and any maintenance youll lose £20k and wont even have driven it.
Put the 60k in premium bonds.
Ataylor007 said:
Hi All, i’ve luckily come into some money and i’d like to invest in a 911 (had a 997 back in 2008 which I reluctantly had to sell) . Initially I looked at which 911 could be a solid investment and the 997 turbo 1.5 Gen 2009 (09) with Metger engine and gen 2 interior looked solid enough but I really can’t help looking at what 60k could get in the 991 range and despite loving the targa the reality would be more like a 2013/14 Carrera 4S. This car would be stored and run at the weekends by my father until we move back to the Cotswolds in 3-4 years time. Your opinions from an investment versus driving pleasure versus maintenance perspective would be very much appreciated
Rule of thumb for investment - Buy old to avoid the depreciation curve, and buy rare. A standard 991 C4S is neither of those. I don't think a 997 gen 1 or gen 2 can be seen as an investment either now, you have missed the boat on that one. It pains me to say that as I would have loved to have upgraded my 996T for a proper 997.2T, the 997.1T does nothing for me over the 996.Edited by Ataylor007 on Saturday 23 February 10:19
If you don't want to lose money buy a 997 GT3, enjoy it but look after it and you will likely get free from depreciation enjoyment from it.
Edited by shantybeater on Saturday 23 February 13:21
Koln-RS said:
Agree, neither the 997 Turbo or 991 C4S would be a financial investment, and neither are the most fun options.
A 997 GTS might well be a better buy, and a good balance for regular use and fun.
A manual 997.1 turbo could well go up imo, more so than a 997 GTS as they are over priced as is. A 997 GTS might well be a better buy, and a good balance for regular use and fun.
Ataylor007 said:
Hi All, i’ve luckily come into some money and i’d like to invest in a 911 (had a 997 back in 2008 which I reluctantly had to sell) . Initially I looked at which 911 could be a solid investment and the 997 turbo 1.5 Gen 2009 (09) with Metger engine and gen 2 interior looked solid enough but I really can’t help looking at what 60k could get in the 991 range and despite loving the targa the reality would be more like a 2013/14 Carrera 4S. This car would be stored and run at the weekends by my father until we move back to the Cotswolds in 3-4 years time. Your opinions from an investment versus driving pleasure versus maintenance perspective would be very much appreciated
I think you are on drugs if you think £60k on 911’s is an investment. You will lose money. Edited by Ataylor007 on Saturday 23 February 10:19
Buy the one you want. You’re a long time dead.
Investment definitely not, but relatively cheapish high end motoring yes. I've owned a 997 2 GTS for two years, bought cheapish in Jan 2017 and selling at market value minus dealers commission. Lost 10k... Add maintainance on top, roughly £1-2k per year (suspension, bolts, age related wear) , plus road tax £500, insurance £500... Cost me roughly £14k over 2 years... And that's a so called safe investment...
Fair enough Gents, I can see there’s no mixing of words on this forum ;-) . This would be a car that would be kept for 15-20 years. The 991 idea is out the window. I thought the 997 1.5 Gen Turbos were relatively rare and therefore sought after or will be. A 997 GTS is a great suggestion but I just can’t get on with all that Alcantara!! Although for an ‘investment’ perhaps it shouldn’t be all about what I like and dislike about an interior and more about the enjoyment and eventual price I can sell it for after 15-20 years of ownership. Targas sought after?
Edited by Ataylor007 on Saturday 23 February 17:53
Ataylor007 said:
Fair enough Gents, I can see there’s no mixing of words on this forum ;-) . This would be a car that would be kept for 15-20 years. The 991 idea is out the window. I thought the 997 1.5 Gen Turbos were relatively rare and therefore sought after or will be. A 997 GTS is a great suggestion but I just can’t get on with all that Alcantara!! Although for an ‘investment’ perhaps it shouldn’t be all about what I like and dislike about an interior and more about the enjoyment and eventual price I can sell it for after 15-20 years of ownership. Targas sought after?
Good effort Edited by Ataylor007 on Saturday 23 February 17:53
I think you'd be very lucky for an appreciating asset, the best you'll do is one that doesn't lose money.
For £60k that's probably 996 gt3 or 987 boxster spyder (with some change). Otherwise potentially a classic like a 964 or 993 but honestly i think they're still in a bit of a bubble
For £60k that's probably 996 gt3 or 987 boxster spyder (with some change). Otherwise potentially a classic like a 964 or 993 but honestly i think they're still in a bit of a bubble
Don’t spend £60k is my advice.
Buy a nice example 997.2 C2S manual beginning with £3x and I think it will hold its value and you can still drive it.
When you consider the value of money decreases over time / inflation and cost of ownership, there is no car you can buy that won’t “cost”.
Most “modern classics” already have the future value accounted for in today’s prices. From GTS to GT3.
All my opinion.
Buy a nice example 997.2 C2S manual beginning with £3x and I think it will hold its value and you can still drive it.
When you consider the value of money decreases over time / inflation and cost of ownership, there is no car you can buy that won’t “cost”.
Most “modern classics” already have the future value accounted for in today’s prices. From GTS to GT3.
All my opinion.
Porsche911R said:
Koln-RS said:
Agree, neither the 997 Turbo or 991 C4S would be a financial investment, and neither are the most fun options.
A 997 GTS might well be a better buy, and a good balance for regular use and fun.
A manual 997.1 turbo could well go up imo, more so than a 997 GTS as they are over priced as is. A 997 GTS might well be a better buy, and a good balance for regular use and fun.
Ataylor007 said:
A 997 GTS is a great suggestion but I just can’t get on with all that Alcantara!!
There are a few 997 GTS around with full leather interiors including extended leather dash centre console steering wheel and gear lever. Edited by Ataylor007 on Saturday 23 February 17:53
Mine is this spec.
anonymous said:
[redacted]
Agreed. I bought a gen 2 Carrera for mid thirties, hoping it would not lose value too much. We'll see, but I don't see it as a huge financial risk, and meantime it's great fun to drive. There is no £60k Porsche you can buy that will definitely appreciate.Here's a thought: treat it like a car that you, you know, drive, rather than a painting/ornament/bitcoin.
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