Discussion
i am thinking of changing my 355 spider and was wondering if cars are moving at the mo? i have read a lot about asset prices picking up and quite fancy getting something that i can use bit more often than the 355, have always fancied a 612 or maybe a visit back the Porsche badge in the form of a 993.....
andyleeds said:
i am thinking of changing my 355 spider and was wondering if cars are moving at the mo? i have read a lot about asset prices picking up and quite fancy getting something that i can use bit more often than the 355, have always fancied a 612 or maybe a visit back the Porsche badge in the form of a 993.....
Not many bargains to be had at the moment in 993 land...That aside, many dealers were previously brisk with bounce back loan money finding its way into cars, although I think this trend should have passed by now.
As always the answer given to your question will be split by:
1) Those who own/have just bought said model - “Its going to be a classic/prices are firmer/they will be much higher in 5 years time”
2) Those who don’t own/want to own - “A crash is coming/prices are soft and softening further/ It’s in a bubble at the moment.”
3) if it has a N/A engine and is the last of its kind well forget about it. It’s already doubled in value since they bought it two weeks ago.
1) Those who own/have just bought said model - “Its going to be a classic/prices are firmer/they will be much higher in 5 years time”
2) Those who don’t own/want to own - “A crash is coming/prices are soft and softening further/ It’s in a bubble at the moment.”
3) if it has a N/A engine and is the last of its kind well forget about it. It’s already doubled in value since they bought it two weeks ago.
I sold my 355 GTB within days of giving it to Kent High Performance, and it never made it past the 'coming soon' section of their website. Also sold my 991.2 GTS back to Porsche Tonbridge for 10k more than they would have offered last September (according to them), and for 3k more than I was offered in part ex.
The market for good cars (both in terms of model and condition) is very strong - the issue for dealers is stock. The issue for sellers is personal expectations....if you're happy at the market value then it will sell quickly. Alternatively if you are holding out for top money you might be waiting a while.
Just as a guide - paid 75k for the 355 in August 2020 and it sold for 80k last week. I paid 102k for the 991.2 GTS in October 2019 and Porsche bought it back for 88k.
Certainly the 355 could well be an investment it might go back over 100k. It might not. All I can say is I was happy with the deal and that ultimately is all this is about.
The market for good cars (both in terms of model and condition) is very strong - the issue for dealers is stock. The issue for sellers is personal expectations....if you're happy at the market value then it will sell quickly. Alternatively if you are holding out for top money you might be waiting a while.
Just as a guide - paid 75k for the 355 in August 2020 and it sold for 80k last week. I paid 102k for the 991.2 GTS in October 2019 and Porsche bought it back for 88k.
Certainly the 355 could well be an investment it might go back over 100k. It might not. All I can say is I was happy with the deal and that ultimately is all this is about.
OldAndTired said:
As always the answer given to your question will be split by:
1) Those who own/have just bought said model - “Its going to be a classic/prices are firmer/they will be much higher in 5 years time”
2) Those who don’t own/want to own - “A crash is coming/prices are soft and softening further/ It’s in a bubble at the moment.”
3) if it has a N/A engine and is the last of its kind well forget about it. It’s already doubled in value since they bought it two weeks ago.
not forgetting the manual knob palmers in 3), that just about sums-up pistonheads 1) Those who own/have just bought said model - “Its going to be a classic/prices are firmer/they will be much higher in 5 years time”
2) Those who don’t own/want to own - “A crash is coming/prices are soft and softening further/ It’s in a bubble at the moment.”
3) if it has a N/A engine and is the last of its kind well forget about it. It’s already doubled in value since they bought it two weeks ago.
OldAndTired said:
As always the answer given to your question will be split by:
1) Those who own/have just bought said model - “Its going to be a classic/prices are firmer/they will be much higher in 5 years time”
2) Those who don’t own/want to own - “A crash is coming/prices are soft and softening further/ It’s in a bubble at the moment.”
3) if it has a N/A engine and is the last of its kind well forget about it. It’s already doubled in value since they bought it two weeks ago.
1) Those who own/have just bought said model - “Its going to be a classic/prices are firmer/they will be much higher in 5 years time”
2) Those who don’t own/want to own - “A crash is coming/prices are soft and softening further/ It’s in a bubble at the moment.”
3) if it has a N/A engine and is the last of its kind well forget about it. It’s already doubled in value since they bought it two weeks ago.
my 355 is the "preferred" manual LOL, is reasonably low mileage at 25000, its got a good history and i have had it looked after by foskers, i think that i paid strong money for it as the market was strong when i bought it, i also wanted blue with tan which are not easy to find, ive spent about £10k on it since i have had it, so all in it owes me just over £100k, i dont need the money so no need to sell from that perspective it more from the perspective that i would like something that i drive more, i dont like to take it out in the rain for instance ;-)
one of the specialist dealers suggested £85k, which at that level i would just stick in the garage for another year
what you think? stick or twist?
one of the specialist dealers suggested £85k, which at that level i would just stick in the garage for another year
what you think? stick or twist?
andyleeds said:
my 355 is the "preferred" manual LOL, is reasonably low mileage at 25000, its got a good history and i have had it looked after by foskers, i think that i paid strong money for it as the market was strong when i bought it, i also wanted blue with tan which are not easy to find, ive spent about £10k on it since i have had it, so all in it owes me just over £100k, i dont need the money so no need to sell from that perspective it more from the perspective that i would like something that i drive more, i dont like to take it out in the rain for instance ;-)
one of the specialist dealers suggested £85k, which at that level i would just stick in the garage for another year
what you think? stick or twist?
DK Engineering had a beautiful blue/tan 355 spider recently. It was sold within a couple of days on their website/social media. I think it was POA, but good ones don't seem to hang around for long. Personally, I'd keep it and just it. There's not been a Ferrari built since that stirs the emotions like a F355one of the specialist dealers suggested £85k, which at that level i would just stick in the garage for another year
what you think? stick or twist?
I would keep it and use it. Chances are you won’t use the 993 in the rain either.
I won’t just go out down the road in the rain, but if I have a day planned and it’s raining, then it gets wet.
They don’t dissolve, but there is obviously the whole cleaning thing to be done. At least in the summer the roads aren’t dirty so they just get wet.
Salt and mud is the only no no for me, but mud is largely unavoidable.
It’s very annoying that they still gritting at the moment.
I won’t just go out down the road in the rain, but if I have a day planned and it’s raining, then it gets wet.
They don’t dissolve, but there is obviously the whole cleaning thing to be done. At least in the summer the roads aren’t dirty so they just get wet.
Salt and mud is the only no no for me, but mud is largely unavoidable.
It’s very annoying that they still gritting at the moment.
andyleeds said:
Cheers junior I will drop them a line and see what it went for, it took me a long time to find a blue and tan manual
I used to drive my 993 everywhere although I was a lot younger in those days and that included an early season ski trip and completely illegal speeds ??
I’ve told you slightly wrong, the Dk engineering car was crema interior.I used to drive my 993 everywhere although I was a lot younger in those days and that included an early season ski trip and completely illegal speeds ??
https://www.instagram.com/p/CKq8eToBEbr/?igshid=mv...
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