Future classic?
Discussion
I have a friend who is planning to sell his 991.1 Targa 4S.
I would love people’s thoughts on its long term value.
It is a 15 plate with a great spec including PDCC in Guards Red, it looks stunning with only 14000 miles. Being a gen one it has a normally aspirated engine, I believe that only 165 have been registered in 2014 and 160 in 2015, from 2016 it became a turbo engine.
I think this could be worth buying as it is likely to increase in value, over what time I have no idea!
Your thoughts would be greatly appreciated.
BlackR8 said:
All Targa's seem to hold a premium in the used car market across the range.
I thought the opposite was true, certainly from early pre-impacts to 997s, they tend to be less popular than Coupes and some Cabs.Latest model does make quite a strong statement, and NA engine may be seen as a virtue - but 'future classic' could be a long, long wait.
Thanks for your replies.
It is certainly a bit of a Marmite car, but I must say it is great in this weather and much better than my old 997.2 cabriolet with the roof closed.
I am interested in why Porsche911R says “ no chance”. It certainly will not appreciate like a GT3 or R, but I intend to use for regular trips to Europe, and perhaps just not lose too much!
It is certainly a bit of a Marmite car, but I must say it is great in this weather and much better than my old 997.2 cabriolet with the roof closed.
I am interested in why Porsche911R says “ no chance”. It certainly will not appreciate like a GT3 or R, but I intend to use for regular trips to Europe, and perhaps just not lose too much!
Edited by Claret m on Friday 13th July 13:52
Koln-RS said:
BlackR8 said:
All Targa's seem to hold a premium in the used car market across the range.
I thought the opposite was true, certainly from early pre-impacts to 997s, they tend to be less popular than Coupes and some Cabs.Latest model does make quite a strong statement, and NA engine may be seen as a virtue - but 'future classic' could be a long, long wait.
I wouldn’t buy it without expecting material depreciation. If it does well over the years , consider it a bonus!!!
I personally think that modern Porsches, ie of the last 10 - 20 years or so will never really appreciate (This side of a GT3, turbo etc etc)
Nowadays Porsche are everywhere, its just not as special a brand as it once was IMO and does seem more focused to the mainstream (with money) than ever..
Part (or most) of the attraction of the aircooled stuff was then as in now their rarity. Just how often did you see an aircooled 911 on the road even when they were new. If you wanted mass production back then, you went for the 924/944, but even so you didn't see them on every street corner.
Just because its a rare 911 because of the roof, what makes it more valuable? Rare yes, but is it really a feature that most people would prefer and so pay extra for, and because of that keep prices high in the years to come?
Nowadays Porsche are everywhere, its just not as special a brand as it once was IMO and does seem more focused to the mainstream (with money) than ever..
Part (or most) of the attraction of the aircooled stuff was then as in now their rarity. Just how often did you see an aircooled 911 on the road even when they were new. If you wanted mass production back then, you went for the 924/944, but even so you didn't see them on every street corner.
Just because its a rare 911 because of the roof, what makes it more valuable? Rare yes, but is it really a feature that most people would prefer and so pay extra for, and because of that keep prices high in the years to come?
I’ve been looking at these for a while. I think they are seriously cool cars but seem overpriced and to me are being held up by the whole under supply/gt car allocation situation.
I agree it’s a bit marmite but I love it - the roof mechanism is a joy to watch.
The safest model is the GTS and PTS versions. I think you would be waiting a long time for this to go up in value if it ever did happen based on current prices though. Ultimately not many of them were made, short production period but they are heavy cars and for the current prices I would sooner be in an F430 or GT4 which have much broader appeal if residuals are your focus.
I agree it’s a bit marmite but I love it - the roof mechanism is a joy to watch.
The safest model is the GTS and PTS versions. I think you would be waiting a long time for this to go up in value if it ever did happen based on current prices though. Ultimately not many of them were made, short production period but they are heavy cars and for the current prices I would sooner be in an F430 or GT4 which have much broader appeal if residuals are your focus.
You buy a Targa because you want a cool fast car but it’s no track weapon or real drivers car.
So the market of people that want a Targa would be more interested in the new model car with updated interior, nav and faster turbo engine.
99.1 GTS and targa GTS (because there are so few) are the only non GT 991’s which will hold value well. But I would not expect much of any increase in value. Just minimal deprecation
So the market of people that want a Targa would be more interested in the new model car with updated interior, nav and faster turbo engine.
99.1 GTS and targa GTS (because there are so few) are the only non GT 991’s which will hold value well. But I would not expect much of any increase in value. Just minimal deprecation
Wozy68 said:
Just because its a rare 911 because of the roof, what makes it more valuable? Rare yes, but is it really a feature that most people would prefer and so pay extra for, and because of that keep prices high in the years to come?
And yet, the Sport Classic is a just GTS with a double bubble, ducktail and some trim. It still commands a ridiculous price tag! Not disagreeing, just a thought at how daft pricing can be due to a name (perceived specialness) over a rather funky roof design (ignoring the 997 Targa as that's just trim).
But, I suppose if pricing was purely a commonality issue, a Cayman R would be worth nearly 3 times a GT4 (~200 vs ~600)...
Jim1556 said:
Wozy68 said:
Just because its a rare 911 because of the roof, what makes it more valuable? Rare yes, but is it really a feature that most people would prefer and so pay extra for, and because of that keep prices high in the years to come?
And yet, the Sport Classic is a just GTS with a double bubble, ducktail and some trim. It still commands a ridiculous price tag! Not disagreeing, just a thought at how daft pricing can be due to a name (perceived specialness) over a rather funky roof design (ignoring the 997 Targa as that's just trim).
But, I suppose if pricing was purely a commonality issue, a Cayman R would be worth nearly 3 times a GT4 (~200 vs ~600)...
It's about as rare as a modern Porsche can be.
Wozy68 said:
Sport Classic is a £250k car because there were only 250 made and it's a great looking car...but yes it's a GTS in drag.
I've seen Sport Classics up at £650,000 recently in PH classifieds! Seems like its been reduced over last few dayshttps://www.pistonheads.com/classifieds/used-cars/...
IMI A said:
Wozy68 said:
Sport Classic is a £250k car because there were only 250 made and it's a great looking car...but yes it's a GTS in drag.
I've seen Sport Classics up at £650,000 recently in PH classifieds! Seems like its been reduced over last few dayshttps://www.pistonheads.com/classifieds/used-cars/...
https://www.classicandsportscar.com/classifieds/cl...
I doubt you'd have to pay £285k for it. Maybe not £250k but probably not much more.
Cheib said:
IMI A said:
Wozy68 said:
Sport Classic is a £250k car because there were only 250 made and it's a great looking car...but yes it's a GTS in drag.
I've seen Sport Classics up at £650,000 recently in PH classifieds! Seems like its been reduced over last few dayshttps://www.pistonheads.com/classifieds/used-cars/...
https://www.classicandsportscar.com/classifieds/cl...
I doubt you'd have to pay £285k for it. Maybe not £250k but probably not much more.
EGTE said:
Future classic?
Maybe, in about 30 years.
No. By then there will be a glut of old fashioned petrol engined cars, once called "classics", which will drop like a stone in value until the most which can be obtained is from the scrap yard.Maybe, in about 30 years.
After 2040 nobody will be buying petrol engined cars except for museums, and they'll have queues of today's collectors begging for their car to be the one displayed.
Get shot of yours now before the slump starts.
DJMC said:
EGTE said:
Future classic?
Maybe, in about 30 years.
No. By then there will be a glut of old fashioned petrol engined cars, once called "classics", which will drop like a stone in value until the most which can be obtained is from the scrap yard.Maybe, in about 30 years.
After 2040 nobody will be buying petrol engined cars except for museums, and they'll have queues of today's collectors begging for their car to be the one displayed.
Get shot of yours now before the slump starts.
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