993 Depreciation vs Appreciation
#18
Rennlist Member
Originally Posted by Trader220
Pete at this point in its life cycle its getting pretty flat.
My point exactly. That said, over time, most cars do depreciate.
Since right now at least, the value is not getting killed, it allows me to enjoy the car for what it is and not stress over the finances side so much.
#22
Three Wheelin'
I don't think I'd sell mine for much less than I bought it for 30 months ago (man how time flies!).
Other than having added PSS9's and some clearguard on the front and fenders plus maintenance and replacement of worn items, tires, brake rotors/pads, steering rack, brake MC, (gee, that all kinda adds up) I have done nothing to the car.
Although I did add about 28,000 miles to the odo.
I certainly believe the car has depreciated some but there are far fewer "nice" 993s than 996s and everyone who loves 911s seems to love how 993s look, feel, and drive.
I figure I lose what I put in for maintenance/replacement items and maybe a few grand for the miles. At the end of the day thats far better than the bath I took on the 928.
Other than having added PSS9's and some clearguard on the front and fenders plus maintenance and replacement of worn items, tires, brake rotors/pads, steering rack, brake MC, (gee, that all kinda adds up) I have done nothing to the car.
Although I did add about 28,000 miles to the odo.
I certainly believe the car has depreciated some but there are far fewer "nice" 993s than 996s and everyone who loves 911s seems to love how 993s look, feel, and drive.
I figure I lose what I put in for maintenance/replacement items and maybe a few grand for the miles. At the end of the day thats far better than the bath I took on the 928.
#23
I think the best way to answer this question.
Bottom-line is that you will lose money.
I think the best way to answer this question is ask the people who have purchase a 993 and then actural sell it and for what price after so many years and miles.
Also you have to remember the cost of the sales. Taxes you paid, cost to sell it (advertise get a broker). best case, say you bought a 993 for $40K and you sell it for $43K but the taxes on the orginal sales $5k, so you just lost $2k on the sale.
I think the best way to answer this question is ask the people who have purchase a 993 and then actural sell it and for what price after so many years and miles.
Also you have to remember the cost of the sales. Taxes you paid, cost to sell it (advertise get a broker). best case, say you bought a 993 for $40K and you sell it for $43K but the taxes on the orginal sales $5k, so you just lost $2k on the sale.
#24
Addict
Rennlist Member
Rennlist Member
Apples to oranges.
And if you sell as part of a purchase transaction (thorugh an accomodating dealer), you get credit on the tax.
The point is that a nice 993 holds its value better than any other car that could be reasonably construed as a daily driver.
Nobody is expecting it to turn a profit.
And if you sell as part of a purchase transaction (thorugh an accomodating dealer), you get credit on the tax.
The point is that a nice 993 holds its value better than any other car that could be reasonably construed as a daily driver.
Nobody is expecting it to turn a profit.
#25
Three Wheelin'
I could sell mine for at least $5k more than I paid, of course I bought it right. I got it for just a bit more than the stealership was willing give the original owner on trade for a 997, which was next to nothing. It makes me feel better about the money I have been sinking in to mods. As for the depreciation, I think we are at or near the bottom for well cared for 993's. There will always be the ones in need of Maintenance and/or some TLC that will fetch much less, but people who appreciate them will be willing to pay more for the better examples of the breed.
#26
Rennlist Member
I guess for the typical seller, 993s do depreciate. However, how many of us view ourselves as typical? We would all like to see our cars worth as much as possible.
I was a little surprised by the comment by AirCool that after owning his car for 2 years, and with all the money he put into it, he still sold it for more. Does that include his time?
In my search for a replacement 993, I have seen prices all over the map. Some very reasonable. Some just over inflated. It can be equally frustrating as 10 year old Porsches are being sold by some who ask top dollar but have no clue as to the maintenance needs of a 10 year old car. Too many flippers out there looking to make some money.
On a 10 - 12 year old car, what would you put aside for repair bills for the next 12 months. When I start to add up the dollars that a PPI is suggesting, it usually kills the deal. Tires that are with 3000 miles of replacement. A steering rack that is not yet leaking but beginning to show signs of wetness. The engine seals that cause a few drops but too expensive to fix until the clutch needs to be replaced. Those dollars do add up.
I was a little surprised by the comment by AirCool that after owning his car for 2 years, and with all the money he put into it, he still sold it for more. Does that include his time?
In my search for a replacement 993, I have seen prices all over the map. Some very reasonable. Some just over inflated. It can be equally frustrating as 10 year old Porsches are being sold by some who ask top dollar but have no clue as to the maintenance needs of a 10 year old car. Too many flippers out there looking to make some money.
On a 10 - 12 year old car, what would you put aside for repair bills for the next 12 months. When I start to add up the dollars that a PPI is suggesting, it usually kills the deal. Tires that are with 3000 miles of replacement. A steering rack that is not yet leaking but beginning to show signs of wetness. The engine seals that cause a few drops but too expensive to fix until the clutch needs to be replaced. Those dollars do add up.
#27
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Join Date: Jun 2005
Location: Sandy, UT/Fish Haven, ID
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95 C4's are pretty rare. especially the cop car version I have. Dont ask me how I came accross this, just what I was told with the after reasearch with chipping problems I once had.
Who else has the cop car version?
Who else has the cop car version?
#28
Rennlist Member
Cop car version??? What's that?
#29
Rennlist Member
I think it needs to be noted that not all 993s are created equal. In my observation, a plain vanilla 993 like mine will keep depreciating while lower production models like the TT, S and RS will either hold or increase in value over time. Having said that, I do agree that how you buy the car can make a difference. After a year of owning it, I too belive that I would get all my money out if I sold it today, despite the fact that it's just a 95 cab.
#30
Burning Brakes
It is amazing to me how afraid of mileage people are. I still have my C4s for sale and I have been dropping the price, but to no avail (41,000.00) and it only has 70,000 miles. It is in excellent shape but it is also white. So it is hard to determine what the market will bear.
jv
jv