Is a Porsche 911 an investment?

[Anonymous]

I’m considering buying a used one for $100-$120K. I’ve never spent anywhere near that much money on a car and I’m wondering if I can reasonably trick my brain into thinking that it’s an investment.

I know some exotic cars appreciate, but does this apply to more basic cars like a 911? I work from home and drive very little, usually around 3,000 miles per year, so I don’t anticipate much depreciation on the car from usage.

[Anonymous]

No. Even if it did appreciate, a million other things you could do with the money would give better ROI.

[Anonymous]

Anonymous wrote:No. Even if it did appreciate, a million other things you could do with the money would give better ROI.

I should’ve clarified, I’m not looking for it to beat the S&P 500 or anything like that. In fact, just being able to sell it for the same price I purchased it would be great—my “return” would be getting to drive a cool car for five years (or whatever).

[Anonymous]

No

[Anonymous]

Going to depend on the year and model. An old Carrera can maintain its value.

Depending on the year and other particulars, it's not necessarily a terrible purchase. But, of course, you should be prepared that it might be a terrible investment. Definitely don't get into an accident. A simple fender bender and that could be $50,000 that goes poof in valuation.

[Anonymous]

Not likely, because too many are being made and have been made in past decades.

[Anonymous]

Ha ha. What an idiot. Only a very few cars in this world are marketable collectibles, OP. A 911 is way too common, unless it's a one-off.

[Anonymous]

Buy a vintage one. I was curious and found that a 1986 Porsche is currently selling for around $75,000. That is definitely more than what my dad paid for his that year (around $50,000).

[Anonymous]

Not really a good investment.

[Anonymous]

Anonymous wrote:Going to depend on the year and model. An old Carrera can maintain its value.

Depending on the year and other particulars, it's not necessarily a terrible purchase. But, of course, you should be prepared that it might be a terrible investment. Definitely don't get into an accident. A simple fender bender and that could be $50,000 that goes poof in valuation.

It wouldn’t be a vintage model, just a basic 911 from like 2021. I guess I’m just wondering if I pay $100K for one and drive it for five years and 12-15,000 miles total—and hopefully have no major maintenance expenses—approximately what will it be worth in five years?

[Anonymous]

Lol no

[Anonymous]

Anonymous wrote:

Anonymous wrote:Going to depend on the year and model. An old Carrera can maintain its value.

Depending on the year and other particulars, it's not necessarily a terrible purchase. But, of course, you should be prepared that it might be a terrible investment. Definitely don't get into an accident. A simple fender bender and that could be $50,000 that goes poof in valuation.

It wouldn’t be a vintage model, just a basic 911 from like 2021. I guess I’m just wondering if I pay $100K for one and drive it for five years and 12-15,000 miles total—and hopefully have no major maintenance expenses—approximately what will it be worth in five years?

To clarify, approximately what would it be worth in a private sale? I know that a dealer/trade-in would greatly reduce the amount I’d get.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Going to depend on the year and model. An old Carrera can maintain its value.

Depending on the year and other particulars, it's not necessarily a terrible purchase. But, of course, you should be prepared that it might be a terrible investment. Definitely don't get into an accident. A simple fender bender and that could be $50,000 that goes poof in valuation.

It wouldn’t be a vintage model, just a basic 911 from like 2021. I guess I’m just wondering if I pay $100K for one and drive it for five years and 12-15,000 miles total—and hopefully have no major maintenance expenses—approximately what will it be worth in five years?

https://caredge.com/porsche/911/depreciation/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Going to depend on the year and model. An old Carrera can maintain its value.

Depending on the year and other particulars, it's not necessarily a terrible purchase. But, of course, you should be prepared that it might be a terrible investment. Definitely don't get into an accident. A simple fender bender and that could be $50,000 that goes poof in valuation.

It wouldn’t be a vintage model, just a basic 911 from like 2021. I guess I’m just wondering if I pay $100K for one and drive it for five years and 12-15,000 miles total—and hopefully have no major maintenance expenses—approximately what will it be worth in five years?

https://caredge.com/porsche/911/depreciation/

Thank you! That was very helpful.

So it looks like, unsurprisingly, I would have some depreciation. However, the minimum number of miles/year that website allows you to enter is 6,000 – that’s double what I drive and, frankly, in some years, I’m closer to 2,000 miles. As mentioned, I work from home and all my family lives nearby.

I guess I’m just wondering if I can get the coolness factor of a 911 without the expense since I drive so little. I don’t mind dumping $110,000 into this ($100K plus 6% tax, etc.) if I can sell for $80-$85,000 in five years.

This would be a 2021 model with around 40,000 miles. It looks like there’s no planned major maintenance between 40,000 and 55,000 miles so hopefully I can skate by there. Another question I had was how much more I would be paying for insurance?

I’m typically pretty frugal (I currently drive a Corolla with the most minimal insurance possible) and just wouldn’t want to hate the car if it becomes a money pit. Can anyone weigh in who has previously owned a 911?

[Anonymous]

You frugal, drive a Corolla, not a car guy obviously. Why on earth do you want a $100k 911? There are tons of cars cooler than your Corolla that cost much less