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I bought my 996 turbo coupe with X50, PCCB and manual shift only a year ago.

 

Although I love every minute driving it or simply admiring it, I need to go overseas for almost a year.

 

Should I get rid of it or keep it as an investment? 

 

Any suggestion, friends. I am not trying to pitch a sale here. If I sell, I will go through a dealer.

 

Lauda

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A year is no biggy. Hopefully someone will start it up and/or check it for rats the human kind too that would do more damage than the little ones.
Or find a dedicated storage facility.


Sent from my iPhone using Tapatalk

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  • 3 weeks later...
  • 1 month later...

Keep the car.  It looks like the 996 and 996 Turbo values have reached bottom last year and are appreciating at a nice pace.  There are a few examples I found this past weekend from $60,000 to $78,000 and one admittedly redicilous example asking $99,000 but thats HUGE compared to 2 years ago when a clean carfax 6 speed could be picked up occasionally for $35,000 to $45,000

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COVID has driven up prices on many goods from lumber to used cars.  It's a seller's market right now for these cars.  This is the strongest used car market I have seen in 20+ years since I've been into racing..

 

I couldn't re-buy today the low mileage 996TT that I sold 7 years ago when I moved into NYC for anywhere near the same price I sold it for.

 

It's so bad that I wanted to buy a new track car and have the cash to do it but I'm putting my plans on ice -- the used car market is stupid right now.  Good time to sell into strength......

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20 minutes ago, JFP in PA said:

Part of that rise in price is driven by concern over the widening move to EV's. 

 

Yes and a large part of that is the shortage of MLCCs (multi-layer ceramic capacitors).

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Pretty crazy, article in Bloomberg terminal this morning about just how bad the chip shortage has gotten.  Cases in point:

  • Peugeot is going back to old fashioned analog speedometers for its 308 hatchbacks rather than using a digital version.
  • Nissan is cutting the number of cars with pre-installed nav by about 1/3rd
  • GM said some Chevy Silverado trucks wont come with some fuel economy module which will sacrifice ~1mile/gallon

..... the list goes on.  And I doubt it gets better anytime this year.  Guess my wife is going to have to wait till next year to get that Tesla model X or Y.......

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