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

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 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 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.

Lol no

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?

Not really a good investment.

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).

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.

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

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.

No

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).

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

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.