What devalues a Porsche investment?

What devalues a Porsche investment?

Author
Discussion

Steve Rance

5,435 posts

230 months

Sunday 28th May 2017
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Anything that deviates from standard. Interesting as it highlights the change in buyer over the past 10-15 years. Previously, cars were more typically modified to suit a more hardcore driver's requirements.

Those days are long gone.

Pity.

ClaphamGT3

11,269 posts

242 months

Sunday 28th May 2017
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If I were you, I would treat it as a second hand car purchase, not an investment.

MDL111

6,891 posts

176 months

Sunday 28th May 2017
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Steve Rance said:
Anything that deviates from standard. Interesting as it highlights the change in buyer over the past 10-15 years. Previously, cars were more typically modified to suit a more hardcore driver's requirements.

Those days are long gone.

Pity.
I think the guys who modified their cars then still do so. I would certainly modify to suit my driving taste, but I would be fully aware that that is no longer a "maximizing future value" car then - it is a matter of how you view cars I think - to a degree anyway

Adam B

27,142 posts

253 months

Sunday 28th May 2017
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yajeed said:
Surely the boat has been missed on the 996t? The 997t looks good value in comparison, often actually costing less than the older 996s.

I can understand the different between 993 and 996, but the 997 seems to be a better car in pretty much every way than the 996, without obvious downsides.
Spot on but get a manual

yajeed

4,888 posts

253 months

Sunday 28th May 2017
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Err, but we are talking about turbos, so all that text seems to distil to 'I agree'?

Looking at prices, there are a few 2010 Panamera turbos which really look great value compared to 997s.

I wonder whether they'd be a decent bet on future appreciation?

RDMcG

19,093 posts

206 months

Sunday 28th May 2017
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anonymous said:
[redacted]
I agree completely. I do not think that saloons in general are a good investment. They tend to depreciate much faster. If you want to have more modest depreciation then the 911 will depreciate a lot slower than a Panamera that might have been the same price or more new.

yajeed

4,888 posts

253 months

Sunday 28th May 2017
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They've certainly done that thus far.

However, all turbos seem to drop then bounce. I happened across a relatively low mileage panamera turbo at 36k. That has to be at least 15-20k down on a 997 turbo of the same year already.

Surely it can't continue at that level of depreciation - it's a relatively modern Porsche (with current interior design etc) with 500bhp and four wheel drive. Seems amazing value (to me), but not if it's worth tuppenth in a few years.

skinny

5,269 posts

234 months

Monday 29th May 2017
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I don't think the first iteration of panamera will ever be particularly desirable and is very unlikely to hold its value anything like a 911. It is essentially just a big saloon car - with fairly challenging looks.

997 vs 996. I prefer the older interior (997 is too cluttered with all those buttons) and I find the body slightly better looking. But I agree with 6tt prices the way they are, bonkers not to go for 7tt instead. I think the rapid inflation of 6tt prices has actually halted the natural depreciation of the 7tt

Helicopter123

8,831 posts

155 months

Monday 29th May 2017
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1. Servicing the car outside of dealer network
2. Driving it
3. Adding any non-OEM equipment.

Of course, not in that order.

Digga

40,201 posts

282 months

Monday 29th May 2017
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skinny said:
I don't think the first iteration of panamera will ever be particularly desirable and is very unlikely to hold its value anything like a 911. It is essentially just a big saloon car - with fairly challenging looks.

997 vs 996. I prefer the older interior (997 is too cluttered with all those buttons) and I find the body slightly better looking. But I agree with 6tt prices the way they are, bonkers not to go for 7tt instead. I think the rapid inflation of 6tt prices has actually halted the natural depreciation of the 7tt
Neither 996 or 997 turbos are anywhere near as bonkers, price-wise, as the 993 now:
2012; circa £40k
2016; circa £130k
For a 'decent' example, of course.

The word decent brings us to the crux on one of the OP's questions and I'd tend to agree that not veering too far from OEM is best for maintaining value. Subtle and useful mods, exhausts, modest re-maps, DAB/nav (done well), may actually enhance, rather than detract, but aesthetically, the Carr needs to look original IMHO.

Milage is key too, once you get toward 100k miles, you're less likely to get top value and are better of using and thinking of the car a a very good, nice, used car, not a in investment.

Of course, if there are mods beyond the bounds of investment that help you get more utility and enjoyment - bucket seats, roll cages etc. etc. - then go for it, but try to enable a way to 'roll back' to original if you can. That's never a bad idea. Enhancing the car for your own enjoyment is often essential in order to bring out what I think is the key feature of any good 911; the ability to help deliver experiences you would never otherwise be able to enjoy - the track day, the road trip, the car meet, the early Sunday morning drive. Whatever it is you enjoy, the car should facilitate it.

mgstu

Original Poster:

32 posts

158 months

Monday 29th May 2017
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Thanks everyone for the input I think I have some excellent guidance, tips, ideals and preferences but more pleasing is a general consensus of opinion, regarding value for money (997T over 996T) upgrades (subtle and preferably not visual) and future value / slower depreciation (I won't use the 'investment' word again as it proved quite emotive).

Now I need to get my Google eyes on and do some research regards availability, spec and price!


Dan911

2,648 posts

207 months

Tuesday 30th May 2017
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I have a SY 996.1 clubsport, which I love.

But the car has a K400 Manthey 'upgrade'...

I keep thinking I need to put her back to standard as I know she will be worth more, but at 6,000 rev's+ the sound is rare in a modern (ish) car, and puts a big grin on my face..

I will slowly buy the orignal part (MAF, DME, airbox, exhaust+ other bits probably) and give the next owner (a long time away) the choice.

Dan

cc3

2,785 posts

115 months

Saturday 3rd June 2017
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We may find out after 8 June. A change of government will see asset prices going south. Cars may become a very illiquid and devaluing asset

Helicopter123

8,831 posts

155 months

Saturday 3rd June 2017
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cc3 said:
We may find out after 8 June. A change of government will see asset prices going south. Cars may become a very illiquid and devaluing asset
Why's that then?

cc3

2,785 posts

115 months

Saturday 3rd June 2017
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Helicopter123 said:
Why's that then?
Wealth tax, land tax will depress property prices maybe no bad thing. Overall changes will be inflationary pushing up cost of borrowing. Should be an interesting ride but one thing is pretty assured asset classes such as classic cars will go south. Do you remember the last big car crash price ?

SRT Hellcat

7,015 posts

216 months

Saturday 3rd June 2017
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Indeed scary times ahead.
I have changed my opinion. A little OT but I don't think Brexit will happen.
Or at least not as everyone expects it too.
Property I am told is already going down.
I sold last year and renting. Nice feeling not having a mortgage.
I have one high end car which will remain as it left the factory and with very low miles on it.
I really should by another leggy example to use.
On the flip side I have a very early example which is a road legal race car.
I do not have to worry about the mileage and I can race it to my hearts content.
It will not hurt the value at all.
Both Porsches so one could argue two sides of the same coin.

Digga

40,201 posts

282 months

Sunday 4th June 2017
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cc3 said:
Helicopter123 said:
Why's that then?
Wealth tax, land tax will depress property prices maybe no bad thing. Overall changes will be inflationary pushing up cost of borrowing. Should be an interesting ride but one thing is pretty assured asset classes such as classic cars will go south. Do you remember the last big car crash price ?
F*** it! So the 996 turbo devalues, but then I'm not planning on selling anyway, and I can plough some savings into a 997 GT. Happy days!