Anonymous
Post 06/29/2024 21:07     Subject: Is a Porsche 911 an investment?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote: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


I actually love sports cars. I had some financial goals I wanted to hit, which is why I went into hyper-frugal mode and bought the Corolla in 2018. However, prior to that, I had a Mercedes SLK230, which was surprisingly inexpensive purchased as a used car, despite being a Mercedes.

However, that line was eventually discontinued by Mercedes. The other sports car I liked was the Audi TT, but that was discontinued last year as well. I know there are other sports cars out there, but I don’t like them. The only one still available that I like is the Porsche 911—the only problem is that it’s more expensive, not only than the Mercedes and the Audi but also than any car that I ever thought I would buy.


Did you try a boxster or cayman or even gr86/brz


Thanks for suggesting the Cayman! Given that Porsches were previously out of my price range, I wasn't even aware of their full product line. I never liked soft-tops so the Boxster was out, but it looks like I could get a newer-model Cayman for about $75K. The question is whether I should get a Cayman or pay the extra $30K and get the 911.


Best suggestion is to drive them to see what your needs and wants are. There are so many trims to both cars that can suit any budget and use case. What is your driving style? Do you need back seats? Do you want a mid engine platform? Are you ok with a turbo charged 4 cylinder? Do you plan on modifying the car?


Driving style is pretty basic - I usually just go to the supermarket lol. Occasionally, I have to pick someone up at the airport or go to a mall, so I get to take it out on the highway and put it to the test. No back seats, no modifications, etc. This may make me sounds lame to car enthusiasts, but given that I am a suburban drone, really a lot of what I like is just the sleek look of the cars.
Anonymous
Post 06/29/2024 21:02     Subject: Is a Porsche 911 an investment?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote: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


I actually love sports cars. I had some financial goals I wanted to hit, which is why I went into hyper-frugal mode and bought the Corolla in 2018. However, prior to that, I had a Mercedes SLK230, which was surprisingly inexpensive purchased as a used car, despite being a Mercedes.

However, that line was eventually discontinued by Mercedes. The other sports car I liked was the Audi TT, but that was discontinued last year as well. I know there are other sports cars out there, but I don’t like them. The only one still available that I like is the Porsche 911—the only problem is that it’s more expensive, not only than the Mercedes and the Audi but also than any car that I ever thought I would buy.


Did you try a boxster or cayman or even gr86/brz


Thanks for suggesting the Cayman! Given that Porsches were previously out of my price range, I wasn't even aware of their full product line. I never liked soft-tops so the Boxster was out, but it looks like I could get a newer-model Cayman for about $75K. The question is whether I should get a Cayman or pay the extra $30K and get the 911.


Why do you need to pay $75k for a newer model when you can get a 5-6 year old cayman for $50k. Or if you are worried about depreciation you can get a 10-15 year old for 30-40k and sell it for same price in 5 years. Do a bit of research (go on a Porsche forum maybe) and test drives to figure out what you really like/need


Will look into it, thanks. My M.O. for buying used cars has been to buy 2-3 years old--that way, a lot of the depreciation has taken place but the car doesn't look "dated." Perhaps it's different with Porsches and other high-end cars?
Anonymous
Post 06/29/2024 20:36     Subject: Is a Porsche 911 an investment?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote: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


I actually love sports cars. I had some financial goals I wanted to hit, which is why I went into hyper-frugal mode and bought the Corolla in 2018. However, prior to that, I had a Mercedes SLK230, which was surprisingly inexpensive purchased as a used car, despite being a Mercedes.

However, that line was eventually discontinued by Mercedes. The other sports car I liked was the Audi TT, but that was discontinued last year as well. I know there are other sports cars out there, but I don’t like them. The only one still available that I like is the Porsche 911—the only problem is that it’s more expensive, not only than the Mercedes and the Audi but also than any car that I ever thought I would buy.


Did you try a boxster or cayman or even gr86/brz


Thanks for suggesting the Cayman! Given that Porsches were previously out of my price range, I wasn't even aware of their full product line. I never liked soft-tops so the Boxster was out, but it looks like I could get a newer-model Cayman for about $75K. The question is whether I should get a Cayman or pay the extra $30K and get the 911.


Why do you need to pay $75k for a newer model when you can get a 5-6 year old cayman for $50k. Or if you are worried about depreciation you can get a 10-15 year old for 30-40k and sell it for same price in 5 years. Do a bit of research (go on a Porsche forum maybe) and test drives to figure out what you really like/need
Anonymous
Post 06/29/2024 16:23     Subject: Is a Porsche 911 an investment?
Anonymous wrote:The air cooled Porsches from the 70s to mid 90s seem to be a pretty reliable investment. But the affordable ones are sort of slow. A modern base spec 911 is absolutely going to depreciate. Plus insurance and sales tax on a $100k+ car.

+1 and the depreciation schedule link a PP posted won't apply to the 70s-90s models.
Anonymous
Post 06/29/2024 16:22     Subject: Is a Porsche 911 an investment?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote: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


I actually love sports cars. I had some financial goals I wanted to hit, which is why I went into hyper-frugal mode and bought the Corolla in 2018. However, prior to that, I had a Mercedes SLK230, which was surprisingly inexpensive purchased as a used car, despite being a Mercedes.

However, that line was eventually discontinued by Mercedes. The other sports car I liked was the Audi TT, but that was discontinued last year as well. I know there are other sports cars out there, but I don’t like them. The only one still available that I like is the Porsche 911—the only problem is that it’s more expensive, not only than the Mercedes and the Audi but also than any car that I ever thought I would buy.


Did you try a boxster or cayman or even gr86/brz


Thanks for suggesting the Cayman! Given that Porsches were previously out of my price range, I wasn't even aware of their full product line. I never liked soft-tops so the Boxster was out, but it looks like I could get a newer-model Cayman for about $75K. The question is whether I should get a Cayman or pay the extra $30K and get the 911.


Best suggestion is to drive them to see what your needs and wants are. There are so many trims to both cars that can suit any budget and use case. What is your driving style? Do you need back seats? Do you want a mid engine platform? Are you ok with a turbo charged 4 cylinder? Do you plan on modifying the car?
Anonymous
Post 06/29/2024 16:19     Subject: Is a Porsche 911 an investment?
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?


The base model 911 is a great car to drive, but its the least collectible. A few things that can help minimize the depreciation would be to get a rare color, manual, and sport exhaust, but that will be a premium on the buy side as well. I would stretch to buy a 911T in either the 992 or 991.2 generation as there are more manuals available and the more fun driver's car compared to the base 911. There's a huge range of Porsche and the only investment grade ones of the modern cars are the PTS GT cars, Dakars, Sport Classic, or you go the vintage route and get a 964 RS before they hit $400k.
Anonymous
Post 06/29/2024 15:14     Subject: Is a Porsche 911 an investment?
The air cooled Porsches from the 70s to mid 90s seem to be a pretty reliable investment. But the affordable ones are sort of slow. A modern base spec 911 is absolutely going to depreciate. Plus insurance and sales tax on a $100k+ car.
Anonymous
Post 06/29/2024 14:31     Subject: Is a Porsche 911 an investment?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote: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


I actually love sports cars. I had some financial goals I wanted to hit, which is why I went into hyper-frugal mode and bought the Corolla in 2018. However, prior to that, I had a Mercedes SLK230, which was surprisingly inexpensive purchased as a used car, despite being a Mercedes.

However, that line was eventually discontinued by Mercedes. The other sports car I liked was the Audi TT, but that was discontinued last year as well. I know there are other sports cars out there, but I don’t like them. The only one still available that I like is the Porsche 911—the only problem is that it’s more expensive, not only than the Mercedes and the Audi but also than any car that I ever thought I would buy.


Did you try a boxster or cayman or even gr86/brz


Thanks for suggesting the Cayman! Given that Porsches were previously out of my price range, I wasn't even aware of their full product line. I never liked soft-tops so the Boxster was out, but it looks like I could get a newer-model Cayman for about $75K. The question is whether I should get a Cayman or pay the extra $30K and get the 911.
Anonymous
Post 06/29/2024 12:09     Subject: Is a Porsche 911 an investment?
We have a 911 4S Cabriolet and it is a lot of fun. Not used as a daily driver and we live in the city but it’s great for warm weather drives. Not sure how much it’s worth or would sell for but my family has a ton of fun in it which makes it worth it. Maintenance costs are in line with a 160k+ car but we have only had regular service done and not random issues.
Anonymous
Post 06/29/2024 12:04     Subject: Is a Porsche 911 an investment?
No.
Anonymous
Post 06/29/2024 10:30     Subject: Is a Porsche 911 an investment?
It can be. But don't count on it.

I bought a '94 RS America for 33,000 in 2002. I sold it in 2008 for 44,000. It sold again in 2020 for 100k.
Anonymous
Post 06/29/2024 10:29     Subject: Is a Porsche 911 an investment?
It's only an investment until someone t-bones it! Do you see how people drive? I'm just happy to get home every day with no crash or scratches.
Anonymous
Post 06/29/2024 09:33     Subject: Is a Porsche 911 an investment?
No, OP. You need to stop lying to yourself. Admit that your hobby is expensive. And then either do it or don't. But lying to oneself is the worst of sins: it stops you from learning from your mistakes and making informed decisions.
Anonymous
Post 06/29/2024 08:49     Subject: Is a Porsche 911 an investment?
Anonymous wrote:
Anonymous wrote: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


I actually love sports cars. I had some financial goals I wanted to hit, which is why I went into hyper-frugal mode and bought the Corolla in 2018. However, prior to that, I had a Mercedes SLK230, which was surprisingly inexpensive purchased as a used car, despite being a Mercedes.

However, that line was eventually discontinued by Mercedes. The other sports car I liked was the Audi TT, but that was discontinued last year as well. I know there are other sports cars out there, but I don’t like them. The only one still available that I like is the Porsche 911—the only problem is that it’s more expensive, not only than the Mercedes and the Audi but also than any car that I ever thought I would buy.


Did you try a boxster or cayman or even gr86/brz
Anonymous
Post 06/29/2024 02:16     Subject: Is a Porsche 911 an investment?
Anonymous wrote: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


I actually love sports cars. I had some financial goals I wanted to hit, which is why I went into hyper-frugal mode and bought the Corolla in 2018. However, prior to that, I had a Mercedes SLK230, which was surprisingly inexpensive purchased as a used car, despite being a Mercedes.

However, that line was eventually discontinued by Mercedes. The other sports car I liked was the Audi TT, but that was discontinued last year as well. I know there are other sports cars out there, but I don’t like them. The only one still available that I like is the Porsche 911—the only problem is that it’s more expensive, not only than the Mercedes and the Audi but also than any car that I ever thought I would buy.