Nice, but it is it really "a true investment opportunity" ?
Nice, but it is it really "a true investment opportunity" ?
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Discussion

AdvocatusD

Original Poster:

2,278 posts

262 months

Wednesday 28th September 2011
quotequote all
http://www.pistonheads.com/sales/3225741.htm

I like the look of the thing, and if it were keenly priced I think it would sell fairly swiftly.

It's described as an investment though. I can't see it. The GT2 in an investment and potentially, so is the standard Turbo. However, this is neither.

I wonder what happened to the Malton car that was on at £99,990 for years?

marky911

4,434 posts

250 months

Wednesday 28th September 2011
quotequote all
Who can say?

I agree, lovely looking thing that I'd be proud to own but, it will always be a bitsa.
Having said that, look at some of the pre-impact bumper bitsas that go for silly money.

If you were buying it because you loved GT2s but couldn't afford the real thing and weren't bothered about it going up or down, then fine (as long as it doesn't say GT2 on the back).

If you were solely looking at it as an investment then there are better ways to spend £80K.

'6 GT3RS, 70s 2.4S, a mint 993 turbo. Loads of options. smile

ETA - Having read the ad fully, as long as there are receipts for the bodywork dated from when the car was new then that (for me at least) adds a bit more weight to the not-so-much-of-a-bitsa arguement.

PS The Malton 993 is one of my favourite Porsches ever. I would beg, steal and borrow to get into that car if I thought it was possible!

Edited by marky911 on Wednesday 28th September 19:18

VonSenger

2,465 posts

220 months

Wednesday 28th September 2011
quotequote all
Isn't this Toby's old car? Cant remember his surname but he had a modded 997 GT2 and I think had just sold a CGT. This was when I met him in Bruntingthorpe a few years ago?

Slippydiff

16,494 posts

254 months

Wednesday 28th September 2011
quotequote all
VonSenger said:
Isn't this Toby's old car? Cant remember his surname but he had a modded 997 GT2 and I think had just sold a CGT. This was when I met him in Bruntingthorpe a few years ago?
No, Toby's 993 TT/GT2 was on an altogether different level to this car.

mollytherocker

14,472 posts

240 months

Wednesday 28th September 2011
quotequote all
Yes, I genuinely think that it is an investment opportunity and no doubt is a cracking motor.

Assuming it checks out etc etc.

MTR

Andiroo

248 posts

280 months

Wednesday 28th September 2011
quotequote all
Not so sure re the good investment opportunity. AFAIA the panels were factory supplied afterwards, not factory fitted which IMHO does not give extra provenance in any way, and as discussed in another thread (993 turbo) the PS mods aren't in any way as significant as say Martyn's or Toby's 993's....it's all in the torque wink

That aside, a belting looking '3GT2 replica that will to some (most) extent give a flavour, or should I say present an 'evocation' of the real thing.....just seems a bit pricey IMHO

mollytherocker

14,472 posts

240 months

Wednesday 28th September 2011
quotequote all
Porsche are not making any more air cooled cars and lots are going east to collectors.

'Special' ones like this will become almost non existent.

Just my view.

MTR

freedman

6,018 posts

238 months

Wednesday 28th September 2011
quotequote all
mollytherocker said:
Yes, I genuinely think that it is an investment opportunity and no doubt is a cracking motor.

Assuming it checks out etc etc.

MTR
In what way is it an investment opportunity?

Its a 993 turbo with a body kit, nothing more



mollytherocker

14,472 posts

240 months

Wednesday 28th September 2011
quotequote all
freedman said:
mollytherocker said:
Yes, I genuinely think that it is an investment opportunity and no doubt is a cracking motor.

Assuming it checks out etc etc.

MTR
In what way is it an investment opportunity?

Its a 993 turbo with a body kit, nothing more
I believe that standard 993 Turbos will rise too (They already are). Not in the short term, but 5-10 years I think we will see most air cooled going north in value.

I may be wrong of course, its a hunch.

MTR

AdvocatusD

Original Poster:

2,278 posts

262 months

Thursday 29th September 2011
quotequote all
mollytherocker said:
freedman said:
mollytherocker said:
Yes, I genuinely think that it is an investment opportunity and no doubt is a cracking motor.

Assuming it checks out etc etc.

MTR
In what way is it an investment opportunity?

Its a 993 turbo with a body kit, nothing more
I believe that standard 993 Turbos will rise too (They already are). Not in the short term, but 5-10 years I think we will see most air cooled going north in value.

I may be wrong of course, its a hunch.

MTR
Molly, you're not justifying your point? I'm with Freedman.

The point here is that it's NOT standard.

monthefish

20,467 posts

262 months

Thursday 29th September 2011
quotequote all
Was this for sale elsewhere recently?

All the stuff about


"Ordered with the X50 engine performance upgrade and was requested with GT2 aerokit. Some confusion arises over the vehicle about was was ordered and what was delivered, but the the original owner (who owned a 993 GT2 at the time) wanted the vehicle delivered with GT2 bodystyling.
The car was delivered with the X78 aero package which is the Turbo S bodywork. Upon delivery the original owner insisted that he was not satisfied with the X78, so the factory supplied all the parts to upgrade the vehicle to GT2 bodywork. The parts were delivered painted, and were fitted in the UK.
Only 4 owners during its 15 year registration"

....seems very familiar. (was this car featured in a magazine recently?)
scratchchin

monthefish

20,467 posts

262 months

Thursday 29th September 2011
quotequote all
marky911 said:
If you were buying it because you loved GT2s but couldn't afford the real thing and weren't bothered about it going up or down, then fine (as long as it doesn't say GT2 on the back).
laugh

Even the genuine GT2's didn't say "GT2" on the back...

mollytherocker

14,472 posts

240 months

Thursday 29th September 2011
quotequote all
AdvocatusD said:
Molly, you're not justifying your point? I'm with Freedman.

The point here is that it's NOT standard.
Its not really possible to justify my point. Its a belief, a hunch. If I knew for sure, I would be a millionaire!

I think that car is special, you may not. No, its not a GT2 but so what? It is a VERY nice Turbo with the Powerkit and the GT2 kit was fitted from new by the dealer. Its rare and may even be unique?

It happens to look fooking amazing aswell!

MTR

marky911

4,434 posts

250 months

Thursday 29th September 2011
quotequote all
monthefish said:
laugh

Even the genuine GT2's didn't say "GT2" on the back...
Fair enough, "GT" or whatever they have on them....

Jeez.

anonymous-user

85 months

Monday 3rd October 2011
quotequote all
It would be far more of a 'wild punt' than a 'true investment' at £79K. If buying as a potential investment a bog standard, clean, low mileage Turbo would be a safer bet and nothing is guaranteed with the future value of these cars. The classic car market is just as likely to go down as up from where it is today. Speaking with the benefit of hindsight I think the last really good time to invest in an air cooled Porsche was around 2000-2003 when there were some quite obviously undervalued classic Porsche models kicking around. Since then the boat has well and truly sailed for pretty much all of the air cooled cars.

Just my personal view of the market.

Vroomer

1,889 posts

211 months

Monday 3rd October 2011
quotequote all
Non-standard plus a long explanation about why it is non-standard will put off the purists and most investors.

This is likely to be worth less than an equivalent standard 993 Turbo and its 'investment' value is highly uncertain. It appears 'fully priced' at the moment in any case.