Bubble value cars? | Page 2 | FerrariChat

Bubble value cars?

Discussion in 'General Automotive Discussion' started by tundraphile, Jun 15, 2014.

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  1. Bradwilliams

    Bradwilliams F1 Veteran
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    True, but which one is MORE fun? :)
     
  2. Bullfighter

    Bullfighter Two Time F1 World Champ
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    Jan 26, 2005
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    Jon
    This.

    An Audi R8 V10 is also in the $200K range. Is it really better or cooler than a 993 Turbo or Ferrari Boxer?

    And a new Camaro for $75K is mindblowingly bad value. It makes the classic ones seem completely reasonable.

    Yup. New cars all leave me cold, and good luck finding a low mileage 993 that someone's dumping to trade for a 996/997. This is the first time I recall a price curve inversion -- 993s outpacing 996s by a significant margin -- among modern cars. It used to be that newer was better. Now I'm not so sure.

    Agree on the 993, although maintenance does have something do with value. That's part of the reason why TRs are now cheaper than 328s, and why Porsches are sought after as classics.
     
  3. crazy canuck

    crazy canuck Formula Junior

    Jun 20, 2005
    426
    West Coast
    another one that might be worth watching is the BMW 1M.

    I don't own one but have heard some rave reviews on it
     
  4. Bradwilliams

    Bradwilliams F1 Veteran
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    I'm telling you. Maintenance has no correlation with toys of this caliber. NONE. That is the biggest myth out there. If maintanence is such a big deal than why are 993 turbos 200k? Why are countaches 300k? The maintanance on both of those cars is as much or more than a TR. And I have a TR. It's all supply and demand. Anybody who brings cost of upkeep into the equation is kidding themselves and is overthinking the whole thing.
     
  5. Bradwilliams

    Bradwilliams F1 Veteran
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    And believe me people said the same crap about every car out there at some point in its life. When the Countach was 65k, people said the same thing. Yeah, but it costs and arm and a leg to maintain. Hahaha, funny stuff. Not true even in the slightest. If somebody wants the car bad enough and the supply is low, they will pay up. Nobody gives two farts about the upkeep. And BTW the 328 is only worth what it is worth because it is RARE. If they ran that car as long as they ran the 308, it would be 30k all day long. And if the TR production were lower than the 328 production, then the TR would be worth 5 fold what the 328 would be worth. FACTS
     
  6. henryr

    henryr Two Time F1 World Champ
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    Juan Sánchez Villa-L
  7. Bradwilliams

    Bradwilliams F1 Veteran
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  8. parkerfe

    parkerfe F1 World Champ

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    I agree. A 328 is a $10,000 car if its value was based on performance only.
     
  9. parkerfe

    parkerfe F1 World Champ

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    993 turbos are not high maintenance, at least not as compared to a TR or Countach, or any Italian exotic for that matter. Except for a rare turbo problem, the 993 turbo is as reliable and inexpensive to own as its naturally aspirated air/oiled cooled brethren.
     
  10. tbakowsky

    tbakowsky F1 World Champ
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    Well...not quite. I work on a ton of Porsche. I really really like them. But the 993 turbo no matter how good of a car it is (and they are simply awesome), are expensive to repair. It's almost a completely different car then the none turbo cousins. They may look the same (almost) on the outside, but the guts under the skin are turbo chassis only.
     
  11. tundraphile

    tundraphile F1 Veteran

    May 16, 2007
    5,083
    Missouri
    Some of the comments might have missed the mark of my original post. I wasn't really talking about low-mileage showroom fresh examples. Those will always command a premium and in many cases could be multiple times more $$$ than the dog examples of the same model.

    Where I think a bubble is obvious is that right now several cars are very expensive even for poor examples. The very best 993 coupe is probably north of $100k, but a well worn example with seat rips, faded paint and in need of an engine rebuild but drivable is still $30-35k. It is nuts, this is closer to a parts car or full restoration project. 10 years ago that car would have been $15k on a good day.

    NSX are the same way. 20+ years old with 150,000 miles is still mid-20s.
     
  12. cscott

    cscott Formula Junior

    Dec 31, 2002
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    So in the performance only valuation how much for a Lusso, GTE, GTC?
     
  13. parkerfe

    parkerfe F1 World Champ

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    Not much. But, the much rarer front engine, carbureted, chrome bumper cars will continue to increase in value because of their "X" factor. I once owned a 1967 GTC and while it sounded wonderful, had a great looking engine and old school interior, it wasn't a high performance car of the era as compared to say a Shelby Cobra or Muira.
     
  14. mclaudio

    mclaudio Formula 3

    Dec 13, 2003
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    +1
     
  15. MRG22

    MRG22 Formula Junior

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    Since I own a 1996 911 Carerra (Type 993) that I bought new I love your thinking. I bought it because it was the last of the air-cooled models and I think is perhaps the best looking 911. It is also a blast to drive.
     
  16. MRG22

    MRG22 Formula Junior

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  17. tbakowsky

    tbakowsky F1 World Champ
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  18. MRG22

    MRG22 Formula Junior

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    Really? Did you write that with a straight face?
     
  19. jvmax

    jvmax Formula Junior
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    ok, I will chime in since I have most of these cars in my collection. I have always been a Porsche / BMW fan and would consider myself an enthusiast. Most of my cars are condition 2/3 as I drive them most of the time except the Z8 and Ford GT.

    Porsche 993 - Last of the air cooled

    Porsche 964 - Last of the classic 911 body before the shape was smoothed out and widened

    Lotus Elise - Track car for the street, will never see a car like this again in the US

    BMW e30 M3 - Huge racing history, 4,996 built for the US market, 1st M3, most were tracked, less than half are still registered in the US

    BMW Z8 - modern rendition of the BMW 507, 2500 built for the us market, e39 m5 engine with 6 speed manual gearbox, fit and finish like no other BMW. A lot of these US Z8's are exported to Europe thus smaller number available in US-see ebay and autotrader.

    Ford GT - modern rendition of the GT40, 4,000 built, has held its value and slowly appreciated to $250k - $300k today's value. Ford will never build another one, America's super car, wide appeal.
     
  20. Shark01

    Shark01 F1 Veteran

    Jun 25, 2005
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    Pretty sure the sucess of this car has Ford, Chevy, & Chrysler thinking hard about trying another supercar.
     
  21. Phil~

    Phil~ F1 Rookie
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    Aug 25, 2013
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    Food for thought

    A 2015 Cadillac Escalade will set you back 98K loaded.

    In 2003 a base model could be had 37K.

    New car prices are downright silly.

    Some, like the Corvette C7, warrants the cost. Others (nearly any 991) do not. And I love the 991.
     
  22. WILLIAM H

    WILLIAM H Three Time F1 World Champ

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    Ford GT is THE American Supercar. It is continuation of GT40 legend blessed by Carroll Shelby himself. It is the home team Supercar and is far more exotic than most modern Ferraris as it was only built 2 years w nothing afterwards. Drive one and you will know. They are only becoming more scarce & more collectible as more are wrecked.

    NSX like FGT is ONLY Japanese Supercar

    928, nothing else like it built today
     
  23. tbakowsky

    tbakowsky F1 World Champ
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    Not really no..
     
  24. MRG22

    MRG22 Formula Junior

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    Good!!
     

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