I've just bought some poverty Pork…
Discussion
gizlaroc said:
Well, for an 80k mile car you will pay £18k?
Do 60k miles in it over the next 5 years and it will be at 120k miles, 15 years old and worth what? £8k? So £10k loss?
That car would be at 200k and worth what? Probably £4-5k still?
£5-6k loss.
£4-5k buys you a nice suspension refresh, and still leaves you £2k or more for upkeep.
Get it for £9k or £8k and even better. I agree.
I used to worry so much about mileage, would always pay more for low miles and then worry about racking the miles up as it killed the value. I would rather buy at a better price and simply not care.
I've never bought a car and been scared to use it. You can't have cars you don't want to use. I mean I might understand if I had a massive car collection and a barn to store them in. But if cars live outside I can't see the difference between using them and just leaving them to rot. Do 60k miles in it over the next 5 years and it will be at 120k miles, 15 years old and worth what? £8k? So £10k loss?
That car would be at 200k and worth what? Probably £4-5k still?
£5-6k loss.
£4-5k buys you a nice suspension refresh, and still leaves you £2k or more for upkeep.
Get it for £9k or £8k and even better. I agree.
I used to worry so much about mileage, would always pay more for low miles and then worry about racking the miles up as it killed the value. I would rather buy at a better price and simply not care.
I agree, and never didn't put miles on them, but I then used to off load them before the miles got 'too high' and the car lost loads of money, this was often well before I was bored of the car, which was a shame.
I would often buy a year old car with sub 10k miles on it and then after 1 or 2 years be at 40-70k and think "I can get out now and not do too badly, or drive it another year or 2 and it be worth bugger all."
Then because I couldn't be bothered to keep selling them so often bought a couple of 100k miles cars for less than I lost on the year old ones and they drove like new with a few quid spent on them and didn't matter of they were worth nothing at the end. The reality was a year later with 130k on it I always got my money back.
My point was, I don't get people's fear of miles, by the time these cars get to 10 years old, whether 80k or 130k on them, if they haven't had a suspension refresh they will be needing one anyway.
I would often buy a year old car with sub 10k miles on it and then after 1 or 2 years be at 40-70k and think "I can get out now and not do too badly, or drive it another year or 2 and it be worth bugger all."
Then because I couldn't be bothered to keep selling them so often bought a couple of 100k miles cars for less than I lost on the year old ones and they drove like new with a few quid spent on them and didn't matter of they were worth nothing at the end. The reality was a year later with 130k on it I always got my money back.
My point was, I don't get people's fear of miles, by the time these cars get to 10 years old, whether 80k or 130k on them, if they haven't had a suspension refresh they will be needing one anyway.
edc said:
Pretty much every thread on PH with Porsche owners on it ends up being something about values and resale. You can get away from this by buying dirt cheap in the first place ??
You can see the fear from owners when it comes to future values, it just takes the shine off owning the car. The reality is, if you want that new, low mileage shiny car and you want to use it properly, you will lose loads of money. A few exceptions to the rule of course.
But surely the answer is to buy a car that if it owed you nothing at the end it has still been good value to you?
Each to their own really. I’ve had my 997.1 7 years now , I bought it when it was 7 years old with 41k on the clock. It’s a fourth car in the family. It goes out on dry days on drives round the Lakes etc. Food & drink , the scenic route home again. Whether other people like that or not, I couldn’t give a sh!t tbh. The car has still only done 55k & whatever needs fixing gets fixed. 
Every time I drive the car it’s pure enjoyment. If someone else wants to rag their car out in the rain or down to Asda for a loaf & some milk, it’s entirely up to them. 
Every time I drive the car it’s pure enjoyment. If someone else wants to rag their car out in the rain or down to Asda for a loaf & some milk, it’s entirely up to them. Mariosbt said:
Each to their own really. I’ve had my 997.1 7 years now , I bought it when it was 7 years old with 41k on the clock. It’s a fourth car in the family. It goes out on dry days on drives round the Lakes etc. Food & drink , the scenic route home again. Whether other people like that or not, I couldn’t give a sh!t tbh. The car has still only done 55k & whatever needs fixing gets fixed. Every time I drive the car it’s pure enjoyment. If someone else wants to rag their car out in the rain or down to Asda for a loaf & some milk, it’s entirely up to them.
But surely that is the whole point. Every time I drive the car it’s pure enjoyment. If someone else wants to rag their car out in the rain or down to Asda for a loaf & some milk, it’s entirely up to them. You're happy with how you have bought it and use it and how much it will cost you.
You see so many on here worrying about the future values, buying an expensive low mileage example then worrying about what it is going to lose over the year or two they want to own it.
Nothing wrong with buying a car and only doing a couple of thousand miles a year, but not using it when you want to because your worried about depreciation is absurd, and these same folk seem adamant that they couldn't possibly buy an older or higher mileage car where that is no longer an issue.
My mate looked at an early 991 back in October, it was up at £38k, dealer said they would do it for 37k, but it was 70k miles, he said that with 100k it would be worthless, simply not true.
He bought a nearly new 440i coupe for £38k.
He will do 25-30k over the next 3 years, the BMW will lose considerably more money imho. It has probably lost £10k already.
You can see the threads on here asking what colour, what interior and what wheels to spec. their new car for future resale.
Eh?! If I am spending £90k on a new car I want it to look how I want it to look.
If loosing £45k over 3 years rather than losing £40k is that much of a deal breaker should you be buying a new car for £90k in the first place?
Mariosbt said:
Each to their own really. I’ve had my 997.1 7 years now , I bought it when it was 7 years old with 41k on the clock. It’s a fourth car in the family. It goes out on dry days on drives round the Lakes etc. Food & drink , the scenic route home again. Whether other people like that or not, I couldn’t give a sh!t tbh. The car has still only done 55k & whatever needs fixing gets fixed. Every time I drive the car it’s pure enjoyment. If someone else wants to rag their car out in the rain or down to Asda for a loaf & some milk, it’s entirely up to them.
Similar with my 987. It will turn 16 this year. I bought it at five years old with 11k on the clock and it’s now just under 34k. Every time I drive the car it’s pure enjoyment. If someone else wants to rag their car out in the rain or down to Asda for a loaf & some milk, it’s entirely up to them. I’ve not deliberately kept the miles down (it’s my only car, but I only drive for leisure trips), and I’ll probably never sell it anyway. If I did, I doubt the low mileage would make it worth a great deal more than a car with 70k on the clock.
gizlaroc said:
edc said:
Pretty much every thread on PH with Porsche owners on it ends up being something about values and resale. You can get away from this by buying dirt cheap in the first place ??
You can see the fear from owners when it comes to future values, it just takes the shine off owning the car. The reality is, if you want that new, low mileage shiny car and you want to use it properly, you will lose loads of money. A few exceptions to the rule of course.
But surely the answer is to buy a car that if it owed you nothing at the end it has still been good value to you?
edc said:
I guess value has some importance to most of us apart from the super rich. It's a matter of degree as to how much value is pushed up the list. The super rich ones who don't worry about value won't be posting here ??
Or course. But again, that is the point.
If you are spending more than you are happy to spend and you start to worry about what it is costing you more than you enjoy the car what is the point?
I'm sure the majority of us on here spend far more on cars than we should, hence on here.
During lockdown I have sold a 2015 520d touring, bought a 320i touring, bought a Z4, bought a 530d Touring, sold the 320i touring, bought a Boxster S and sold the Z4, then bought the 996 and just sold the Boxster.
I have bought 2 sets of Michelin PS4s, a set of F1 Eagle Asymmetrical 5, complete suspension set up for the 986, Pioneer carplay unit, then last week centre console delete for the 911, Topgear back boxes, suspension bits, and have another £1100 worth of bits in my basket.
My point being, is I reckon £10k more is tied up in cars when really I should have kept the 320i and put £25k back in my bank with everything going on. Not really been earning for the last 12 months. I still have £430k worth of mortgage to clear and I am 48 this year, my pension is laughable, and yet here I am spending my money on cars. Because I enjoy them.
The big difference now and how I justify it is the fact I am buying older stuff and tinkering.....and loving it. What I spend on them overall is not really being lost, and I am not looking at a new car sat there loosing £500 a month. Which used to do my nut in.
Hence that 138k mile 987.2 for £10k, that I wouldn't have even looked twice at just over a year or so ago, now seems to be incredibly appealing, and I am sure it is for many out there whose views on what they spend their money on has probably changed somewhat over the last year.
I just don't get the comments on facebook laughing at the fact it has 138k miles on it and why spend £10k when £18k could buy you an 80k mile example. It is a 2.9, no bore scoring, no IMS and if it lost 100% over the next 5 years so what? £165 a month for a 987.2 Caymen is a steal, the reality will be more like £100 a month.
For me that is a bargain!
Anyway, sun shining, roads dry, going out for a blat and will try and fit the back boxes!
Well forget what I said earlier, just spent 5 hours trying to get a rusted, rounded nut off a rusted exhaust bracket!!!
Going to get rid of the 996 and get a 992 with warranty!!
Seriously though, the exhaust was changed 18 months ago, well back boxes, and they reused the old bolts that are 20 years old. FFS!
The first one two of the mounting bolts snapped, but I just welded a bolt on the back of the bracket and ground it down, which I was a bit annoyed about, but the next one the nut is just seized on completely and rounded and crumbly.
Can't get anything in there, my mig welder wouldn't quite reach either so couldn't weld another nut to that one, don't think it would take anyway.
So my option is either try and use an acetylene cutter to get the bolt off or buy new bolts that hold the plate onto the subframe and cut them off and the angle grind that nut off.
Either way, pain in the arse.
Going to get rid of the 996 and get a 992 with warranty!!
Seriously though, the exhaust was changed 18 months ago, well back boxes, and they reused the old bolts that are 20 years old. FFS!
The first one two of the mounting bolts snapped, but I just welded a bolt on the back of the bracket and ground it down, which I was a bit annoyed about, but the next one the nut is just seized on completely and rounded and crumbly.
Can't get anything in there, my mig welder wouldn't quite reach either so couldn't weld another nut to that one, don't think it would take anyway.
So my option is either try and use an acetylene cutter to get the bolt off or buy new bolts that hold the plate onto the subframe and cut them off and the angle grind that nut off.
Either way, pain in the arse.
gizlaroc said:
Well forget what I said earlier, just spent 5 hours trying to get a rusted, rounded nut off a rusted exhaust bracket!!!
Going to get rid of the 996 and get a 992 with warranty!!
My 718 had the exhaust replaced before Christmas under warranty due to corrosion - had a look yesterday and what were shiny bolts already looks like I've parked it in the sea.........so I'm not sure that 992 would help much - "they all do that sir !!" Going to get rid of the 996 and get a 992 with warranty!!
Hereward said:
If you're fitting new exhaust fasteners get some "Duplex" Stainless Steel nuts/bolts/washers (or "A4" stainless steel if Duplex not available) from a specialist.
These are used in offshore oil and gas applications and provide decent corrosion resistance.
Cheers for that, I am going to redo loads of the stuff underneath, so will use those. These are used in offshore oil and gas applications and provide decent corrosion resistance.
What am I missing here? I know its auto, but still
https://www.ebay.co.uk/itm/Porsche-911-996-C4S-Cou...
https://www.ebay.co.uk/itm/Porsche-911-996-C4S-Cou...
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