What devalues a Porsche investment?

[mgstu]

Hi Porsche experts,
I am considering investing in either a 996 Turbo or 997 Turbo. I have been looking for a while and seen a few that have had technical improvements made but not considered the car because of the non-Porsche updates.

My question is should I be put off a potentially "good" car because the OEM entertainment system has been replaced with a Pioneer head unit, for example?
Thanks for your thoughts

[mgstu]

Stunters said:

Thinking of it as a financial investment devalues it as a pleasure investment. I'd buy the one I would enjoy driving and being in the most, if I could justify the outlay in the first place. For me, that's a Cayman of some description.

But in answer to your question, I suspect that people wanting to own the car as an investment would prefer it to be as OEM and standard as possible. Of the two turbos you're thinking about, I'd look for a 997.1 with a manual gearbox, ideally in GT Silver with a black leather interior and BOSE.

Thanks Stunters, I was looking at manuals only. I will be driving it when weather permits, and it is not to stick in the garage to appreciate and hide away 😊 But if spending a fair chunk of money rather than leaving it in the bank earning nothing, I want to make sure I am doing it wisely. It would be replacing a 997 Boxster S which I drive approx 5K miles a year, I would expect to use the replacement a similar amount.

I'll stick to the OEM ones! Cheers

[mgstu]

isaldiri said:

But nothing devalues a car that is meant as an investment faster than actually driving it. If you really mean to invest in a Porsche you would be exactly right in getting a completely original one (with as low mileage as possible) but then it would only really work if then shoved into a carcoon or similar garage for all eternity (or until sold).

True so If I do "invest" I will need to reduce my driving to to. Couple of 1000 miles a year, I
M not sur I can have a dream car in my garage and only look at it! Thanks for you thoughts

[mgstu]

JonChalk said:

What devalues a Porsche investment?

Sad people treating cars as an investment. Which consequently drives the market even further away from everyone else. And then creates the idea within Porsche and their dealers that their car are investments and owners are all rich mugs. Rinse, repeat.

Yes thanks for your useful comment Jon. All the comments so far have been constructive and informative, in principle making the good point to buy in order to enjoy the car and to drive it - which I currently do with my Boxster and intend to do with any replacement car.

I'm not rich and I'm not a mug hence the question! Perhaps you've been bitten by buying without thinking. Have a nice day, enjoy the sunshine.

[mgstu]

I thought you had caught up Jon, my original question was related to non-OEM upgrades. The not driving of a car I own hadn't occurred to me until mentioned!

[mgstu]

MDL111 said:

Not a fan of how cars are becoming investments, but in any case I agree with what most said:
- non OEM parts is a big no no, esp in Porsches and Ferraris. For me personally in this respect a non standard audio system / nav is worse than say a kw3 suspension or similar. In any case a collector would prefer to have everything original including the tyres the car came on from the factory
- driving it also not ideal for obvious reasons
- service history should be complete by the book and only done at Porsche. Keep all service receipts, mots, tax discs etc
- look for a car that has all the original parts with it (books, manuals, keys, tyre inflator kit, etc)
- obviously no new paint anywhere would be best

I am not sure I would put my money into a 996/997 Turbo - those are not partcularly rare I believe

Thanks MDL11, different people invest in many different things, wine, property, stocks & shares etc. Cars are just another possibility / option. As much as I like wine I'm not sure I will get as much enjoyment out of looking at a bottle of wine Investment I will likely replace my current car, have always wanted a 911 and after losing 50% of the value of a BMW 330 Convertible after only 2.5 years a few years ago try to not let heart rule head too much.

Regards Porsche model, I think I have missed the boat with the 993s as they are all rocketing at present and everyone knows this so are feeding the 'frenzy'. I read that GT'n's and Turbos are the next best thing, GT'n's being very desirable but out of my price range.

Thanks again for the advice / comments much appreciated.

[mgstu]

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!