Is the 991 GT2RS a great long term investment?
03-24-2021, 12:27 AM
#1
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Is the 991 GT2RS a great long term investment?
I'm looking to buy a used 991 GT2 RS. They dropped significantly in price from the pick at $500k back in 2018.
This car is a bit controversial, some people love it, some hate it... this reminds me of the Carrera GT when it first came out. It's under the radar for now and it feels like a great entry point in the low $300k.
Do you think it'll become a collector in 10 years eventually?
This car is a bit controversial, some people love it, some hate it... this reminds me of the Carrera GT when it first came out. It's under the radar for now and it feels like a great entry point in the low $300k.
Do you think it'll become a collector in 10 years eventually?
03-24-2021, 12:47 AM
#2
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bruh
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03-24-2021, 01:07 AM
#3
Guess you didn’t “invest” back in 2017? It will be at least as good an investment now as it was then.
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03-24-2021, 02:19 AM
#5
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Absolutely not. You can close the thread now if you want to end with the truth. Beyond that, it'll be another value thread...
03-24-2021, 02:59 AM
#6
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Yes = if it’s driven regularly over those 10 years. You could argue those memories are priceless. Think about what it would be like and worth to be the first owner to put 100k miles on a 991 GT2RS. You could create a video collection of track days and various events showcasing what the car can do and how you improved over that time. I’d wager you could sell the car in 10 years for at least 150k, all bonus money for a lifetime of experience.
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03-24-2021, 07:22 AM
#7
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03-24-2021, 10:23 AM
#8
Three Wheelin'
If you do not drive the car and keep it maintained in pristine concours condition you may double your money in 20-30 years (not adjusted for inflation). If you believe that qualifies as a good investment you have your answer.
03-24-2021, 10:38 AM
#9
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its a car...
03-24-2021, 11:28 AM
#10
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Cars are not investments.
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03-24-2021, 11:36 AM
#11
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i hear robin hood is having an IPO
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03-24-2021, 11:45 AM
#12
I own one. who knows. Buy it and enjoy it. Otherwise take the money and buy SPY or QQQ.
03-24-2021, 12:09 PM
#13
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I would love to own a GT2RS. Its a hybrid of all that is perfect with the 3RS coupled with Porsche engineering at the highest level. As for a good investment? As has been said above the driving experience and pleasure from owning one of the best cars in the world is investment enough. You only lose if you decide to sell.
03-24-2021, 12:41 PM
#14
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The Carrera GT wasn't a good long term investment either compared to just buying SPY, and it's had the greatest returns of any modern Porsche. Factor in sales tax, annual property tax, storage costs, insurance, annual maintenance (and for CGT engine out service), new tires, etc, and your return from any point that you bought it would be less than 50% of just owning stock index fund.
If you have tons on money in the market in assets that are generating cashflow and you're looking for something "fun" to add diversity, sure, why not....but at the risk of just piling on, unless you're actually driving it, it's hard to see how you'll feel good about your decision in 10 years.
If you have tons on money in the market in assets that are generating cashflow and you're looking for something "fun" to add diversity, sure, why not....but at the risk of just piling on, unless you're actually driving it, it's hard to see how you'll feel good about your decision in 10 years.
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