Sep 23, 2010 8:57:33 AM
Sep 23, 2010 6:52:54 PM
'10 Ferrari California
Sep 23, 2010 7:30:43 PM
A return of the amount paid after 20 years is not a profit in terms of inflation, dollar value, and opportunity cost. All these considerations must be factored into any claim of profitability when purchasing a car as an "investment", low production numbers notwithstanding.
Carpe Diem--life is but a crack of light bounded by eternities of darkness (Nabokov)
fritz:
Shawminator:
Moreover, if you look at the prices of what a used '89 Speedster would cost you (of which there were nearly 800 sent to the US), those cars are selling in the $75K range.Are you sure that you shouldn't have written "80" instead of "800"?
Looks like your figure was right.
Just found reference to two sets of VINs for '88 MY speedsters in a book I have, giving production figures of 818 (presumably North America, corresponding to your post) plus 1200+ (presumably Rest of World).
The total production figure of 2000+ is a lot higher than I thought it had been from memory.
fritz
Sep 23, 2010 10:17:56 PM
Shawminator:
For those of you who think that this car is overpriced, that may be so, but consider this. Due to its limited production, it will be one of the most desirable and collectible Porsches produced in years. My dealer confirmed with me today that only 90 will be coming stateside. Moreover, if you look at the prices of what a used '89 Speedster would cost you (of which there were nearly 800 sent to the US), those cars are selling in the $75K range. That's a 20 year old car that is commanding the same price that it did when it was sold new in 1989. Now factor in that only 90 2011 Speedsters will be in the US, and you are looking at a car that will be extremely hard to get and likely to depreciate less than any other 911 in Porsche's line-up.
Yeah, just take a look at the Sport Classic prices.
Limited production or not, if the price is too steep, you have to deal with depreciation.
The secret of life is to admire without desiring.
Sep 25, 2010 3:22:08 AM
Shawminator:
For those of you who think that this car is overpriced, that may be so, but consider this. Due to its limited production, it will be one of the most desirable and collectible Porsches produced in years. My dealer confirmed with me today that only 90 will be coming stateside. Moreover, if you look at the prices of what a used '89 Speedster would cost you (of which there were nearly 800 sent to the US), those cars are selling in the $75K range. That's a 20 year old car that is commanding the same price that it did when it was sold new in 1989. Now factor in that only 90 2011 Speedsters will be in the US, and you are looking at a car that will be extremely hard to get and likely to depreciate less than any other 911 in Porsche's line-up.
Yeah but $250,000 in 20 years will be in the price range of an iphone considering inflation
indeed shifting is ancient technology - so is a fuel burning engine.. I happen to like both :)
Oct 25, 2010 11:53:29 AM
Nice white Speedster in front of the the factory.
www.autogespot.com/nl/item/9198/sexy-porsche-997-speedster-in-het-carrera-wit.html
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The secret of life is to admire without desiring.