993 Depreciation vs Appreciation
#1
993 Depreciation vs Appreciation
I've read a few threads on the 993 prices and as early as three years ago folks were saying that the 993 prices were rising....
I have no intention to sell right now but am aware that my car may hopefully at some point stop depreciating and actually increase in value. It seems like all the well-cared for 911s have at some point reached an "inflection point" when they stopped going down in value and started going up in value. Have we reached that point yet for the average well-cared for 993? I am not talking about the turbos, I know they are extremely rare and produced in very small numbers... Opinions??
Mark
1998 C4 Cab arctic/black (original owner)
I have no intention to sell right now but am aware that my car may hopefully at some point stop depreciating and actually increase in value. It seems like all the well-cared for 911s have at some point reached an "inflection point" when they stopped going down in value and started going up in value. Have we reached that point yet for the average well-cared for 993? I am not talking about the turbos, I know they are extremely rare and produced in very small numbers... Opinions??
Mark
1998 C4 Cab arctic/black (original owner)
#3
You see 996 cars selling for less than 993's even though they are newer with more bells and whistles. This may not be an indication of 993's going up in price, but it does show them holding their own.
#5
Weathergirl
Rennlist Member
Rennlist Member
If "well cared for" means "not driven", then maybe you stay the same or get a bit of appreciation as less low mile cars are out there.
But anyone who tells you that a $35k 993 three years ago + 20-30k miles = $35k today no matter how well you "care for" it? Not likely.
But anyone who tells you that a $35k 993 three years ago + 20-30k miles = $35k today no matter how well you "care for" it? Not likely.
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#9
Nordschleife Master
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Originally Posted by Trader220
Inflation LOL........Yes Jeff there are flippers out there, I have done it a few times.... its not an investment they're not going up in value.
I bought my 993 C4 Cab, owned it for about 2 years, and sold it for more than I had invested in it.
#10
Nordschleife Master
Originally Posted by InTheAir
Let me put it a bit more straight-forward.
I bought my 993 C4 Cab, owned it for about 2 years, and sold it for more than I had invested in it.
I bought my 993 C4 Cab, owned it for about 2 years, and sold it for more than I had invested in it.
Scott
#11
As with real estate, its how you buy, not how you sell (other than the real estate boom we just came out of). Regardless, the more one thinks about resale the less likely one is to drive the car as it is meant to be driven. In the eighties my dad collected Italian cars. He put them in a climate controlled garage, covered them, and drove them only to events. Years later, he sold them for a huge loss.
#12
Addict
Rennlist Member
Rennlist Member
Actually, it is both how you buy AND how you sell. Buying right just gives you more flexibility in selling. To maximize the investment nature of any inventment you want to buy and sell at optimum times.
But this is a car and a portion of your "return" on your investment are the smiles it puts on your face.
But this is a car and a portion of your "return" on your investment are the smiles it puts on your face.
#13
Drifting
What ever happened to the buyer who just wanted to own & drive one of the worlds great sports cars regardless of depreciation or appreciation? ........ Oh yea, that would be me.........lol
ZP44
ZP44