Future investment
Discussion
I'm looking to make an investment into a car. I've been looking to do this for some time but have never really had the spare funds. About 4 years ago I tried to convince my wife (I know I know) to let my buy a dino for £70k and now look at the prices. So I'm on course and keen to invest in a porsche. This is a car that I will use very occasionally (I already have a 1970 rs recreation for fun) it really is about finding the right car and sitting on it for 10 years or so (imagine buying a 964 rs 6 years ago) My thoughts so far are 996 gt2, I'd love 993 but I'm wondering if the prices have peaked, (would have to be a turbo s)or possibly a speedster but again I think i may have missed the boat. Anyway I'd love some sggestions please
Scrosbie1974 said:
I'm looking to make an investment into a car. I've been looking to do this for some time but have never really had the spare funds. About 4 years ago I tried to convince my wife (I know I know) to let my buy a dino for £70k and now look at the prices. So I'm on course and keen to invest in a porsche. This is a car that I will use very occasionally (I already have a 1970 rs recreation for fun) it really is about finding the right car and sitting on it for 10 years or so (imagine buying a 964 rs 6 years ago) My thoughts so far are 996 gt2, I'd love 993 but I'm wondering if the prices have peaked, (would have to be a turbo s)or possibly a speedster but again I think i may have missed the boat. Anyway I'd love some sggestions please
I would say any car bought as an investment is a gamble.If you want to buy another Porker then by all means do so but dont buy one just to store as it *may* go up in value...... because it may not.
Imagine 10 years down the line and the car you bought has not gone up in value and you have not driven and enjoyed it and it actually costs you money to keep it maintained.
Just carry on driving and enjoying your 1970 RS Recreation and stick any spare cash in a buy to let.
/my2p
Classic cars are in a boom time at present.
The rare/expensice stuff has been snapped up first and prices have gone up.
Then the ripple has increased the prices of less exclusive cooking models as people aren't making money on other investments.
High risk time to be buying as an investment at present, although some rare examples will be less of a risk but a high entry point.
I think you're more likely to see a correction in market prices at some point.
The rare/expensice stuff has been snapped up first and prices have gone up.
Then the ripple has increased the prices of less exclusive cooking models as people aren't making money on other investments.
High risk time to be buying as an investment at present, although some rare examples will be less of a risk but a high entry point.
I think you're more likely to see a correction in market prices at some point.
You can't invest in a car. It's called speculation.
I think it's a very speculative time at the moment. Values of lots of things (of the ilk we are discussing) have gone shooting up. They may go up more, stay the same or have a big correction.
I think it's hard to find early (73 and before) nuggets now. Maybe some previously less-loved examples like the T. Or perhaps an E ot T/E
Post 73, might be the 2.7 MFI models, but they have shot up
Maybe the 3.0s and 3.2s??
Dunno!
BErt
I think it's a very speculative time at the moment. Values of lots of things (of the ilk we are discussing) have gone shooting up. They may go up more, stay the same or have a big correction.
I think it's hard to find early (73 and before) nuggets now. Maybe some previously less-loved examples like the T. Or perhaps an E ot T/E
Post 73, might be the 2.7 MFI models, but they have shot up
Maybe the 3.0s and 3.2s??
Dunno!
BErt
jackal said:
Most ships have sailed imo
Not convinced anything is going to do a '993rs' anytime soon.
The 996RS was always the most likely candidate but folk have been saying that for years now.
Buy a car to rag and enjoy. Put your money elsewhere if you need it to make more money. All imo.
996rs starting to be close to popping higher imo if exceptional..not sure where you would put cash relatively safely that would outperform rare cars at the mo tbhNot convinced anything is going to do a '993rs' anytime soon.
The 996RS was always the most likely candidate but folk have been saying that for years now.
Buy a car to rag and enjoy. Put your money elsewhere if you need it to make more money. All imo.
I live quite near this auction site. You can trawl back through prices and also see a few repeats coming up.
http://www.brightwells.com/ClassicCarsMotorcyclesA...
http://www.brightwells.com/ClassicCarsMotorcyclesA...
I can't suggest you don't use it, but methinks a 996 Turbo is close to having bottomed out, I suspect.
The earlier 993TTs are through the roof, the later 997TTs are not at the bottom yet, so the 996TT is definitely in a trough, best place to buy into.
Reasoning this out further, there are one and a half generations of 911s (996-997.1) where the only safe bets are the GTs and Turbos, which creates a supply vacuum of sorts.
The 993 in all versions is up there because the supply of aircooled cars stopped there, and because the replacement, the standard 996, is rather unloved, hence lack of "desirable supply", but the unloved-ness of the n/a 996 and to a lesser extent the n/a 997 also does favours to the values of the TT versions of both.
Case in point, my purchase. I originally wanted a 993 (it's not a recent crush...) but I could not justify all that money on a 20 year old car. So I looked at the 996, specifically the C4S, and then thanks to this forum and others realised that I did not wish to buy into a gamble - not when the Turbos were available for not much more money.
No doubt there are many others who have reasoned in a similar manner.
In the longer term the 997TT will probably always command a premium over the 996TT, IMHO it looks better (especially) inside and out.
The earlier 993TTs are through the roof, the later 997TTs are not at the bottom yet, so the 996TT is definitely in a trough, best place to buy into.
Reasoning this out further, there are one and a half generations of 911s (996-997.1) where the only safe bets are the GTs and Turbos, which creates a supply vacuum of sorts.
The 993 in all versions is up there because the supply of aircooled cars stopped there, and because the replacement, the standard 996, is rather unloved, hence lack of "desirable supply", but the unloved-ness of the n/a 996 and to a lesser extent the n/a 997 also does favours to the values of the TT versions of both.
Case in point, my purchase. I originally wanted a 993 (it's not a recent crush...) but I could not justify all that money on a 20 year old car. So I looked at the 996, specifically the C4S, and then thanks to this forum and others realised that I did not wish to buy into a gamble - not when the Turbos were available for not much more money.
No doubt there are many others who have reasoned in a similar manner.
In the longer term the 997TT will probably always command a premium over the 996TT, IMHO it looks better (especially) inside and out.
If its an investment then the Modena pony beats the Stuttgart pony every day of the week.
If it really would be given 10 years to appreciate then I would a) gamble less and b) buy one of these:
Ferrari 208 GT4 Dino, 308 GT4 Dino
Fiat Dino Coupe or drophead
Alfa Monreal
Sorry to sully the pork forum with such lesser brands but if you want a return then that's what I do.
If it really would be given 10 years to appreciate then I would a) gamble less and b) buy one of these:
Ferrari 208 GT4 Dino, 308 GT4 Dino
Fiat Dino Coupe or drophead
Alfa Monreal
Sorry to sully the pork forum with such lesser brands but if you want a return then that's what I do.
All speculation.
Anything rare. (supply & demand)
Also very low miles.
Anything with miles on unfortunately from an investment perspective is pretty low, even though it will drive so much better than low mile garage queen.
Don't think we'll see any Porsche go mad now IMO of cause, 996 GT2's were mentioned earlier but I couldn't sell mine & it was a pristine example albeit leggy. They tend to hang around for ages.
Old Ford RS's are going daft, Cossies and such like, Integrale Lancia?
Anything rare. (supply & demand)
Also very low miles.
Anything with miles on unfortunately from an investment perspective is pretty low, even though it will drive so much better than low mile garage queen.
Don't think we'll see any Porsche go mad now IMO of cause, 996 GT2's were mentioned earlier but I couldn't sell mine & it was a pristine example albeit leggy. They tend to hang around for ages.
Old Ford RS's are going daft, Cossies and such like, Integrale Lancia?
Crimp a Length! said:
All speculation.
Anything rare. (supply & demand)
Also very low miles.
Anything with miles on unfortunately from an investment perspective is pretty low, even though it will drive so much better than low mile garage queen.
Don't think we'll see any Porsche go mad now IMO of cause, 996 GT2's were mentioned earlier but I couldn't sell mine & it was a pristine example albeit leggy. They tend to hang around for ages.
Old Ford RS's are going daft, Cossies and such like, Integrale Lancia?
Another factor IMO is the opportunity cost ... What else can I buy with the same money? As an exampleAnything rare. (supply & demand)
Also very low miles.
Anything with miles on unfortunately from an investment perspective is pretty low, even though it will drive so much better than low mile garage queen.
Don't think we'll see any Porsche go mad now IMO of cause, 996 GT2's were mentioned earlier but I couldn't sell mine & it was a pristine example albeit leggy. They tend to hang around for ages.
Old Ford RS's are going daft, Cossies and such like, Integrale Lancia?
If a 996 gt3rs goes up more not only will it be in 997.2 gt3 territory but also 360 c's and also f430
and 997 gt2s..
paul0843 said:
Crimp a Length! said:
All speculation.
Anything rare. (supply & demand)
Also very low miles.
Anything with miles on unfortunately from an investment perspective is pretty low, even though it will drive so much better than low mile garage queen.
Don't think we'll see any Porsche go mad now IMO of cause, 996 GT2's were mentioned earlier but I couldn't sell mine & it was a pristine example albeit leggy. They tend to hang around for ages.
Old Ford RS's are going daft, Cossies and such like, Integrale Lancia?
Another factor IMO is the opportunity cost ... What else can I buy with the same money? As an exampleAnything rare. (supply & demand)
Also very low miles.
Anything with miles on unfortunately from an investment perspective is pretty low, even though it will drive so much better than low mile garage queen.
Don't think we'll see any Porsche go mad now IMO of cause, 996 GT2's were mentioned earlier but I couldn't sell mine & it was a pristine example albeit leggy. They tend to hang around for ages.
Old Ford RS's are going daft, Cossies and such like, Integrale Lancia?
If a 996 gt3rs goes up more not only will it be in 997.2 gt3 territory but also 360 c's and also f430
and 997 gt2s..
Coming from Gods country I don't buy a 911 with the intention of making hay, I buy with the intention of not losing anything come sale time..........easier said than done I know, albeit I did make 11k clear profit in 6 months on a 89 911 turbo, one of those a year would be nice. In reality though this doesn't happen very often.
If only I still had my crystal ball. Personally it has to be air cooled. Late model mint 3.2 Carrera Coupe or SSE. The last of the torsion bar cars without abs and power steering. I thought I did ok when I sold my last air cooled Porsche. It's worth about one and a half times what I sold it for now in just five years. But I guessed that anyway. But needs must. At the time my other half said buy two. But not enough shirt buttons. Time scale, from memory six years ago I was offered a Pagani Zonda F, brand new for £325K. I was up for it and could have found the wedge but the missus was not so keen on such a large investment. That would have been nice. Best bet has to be a pre 73 'S'. I think they have a fair way to go yet price wise.
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