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Reply to "Is a Porsche 911 an investment?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=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. [/quote] 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?[/quote] https://caredge.com/porsche/911/depreciation/ [/quote] 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?[/quote]
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