Car appreciation... the aesthetics, the engineering, etc

Aren't the ones that are currently the most expensive more likely to go up most because they're the rarest?

Is this what people do? I'd wouldn't have thought it would work for depreciating assets. Unless you've an eye for one which is heavily undervalued - or is that the point, and if so, why not flip it straight away ?

This is not a highly nuanced financial product, it's simply a way of hopping up the car value ladder whilst getting to enjoy a variety of fast cars. Current plan is:

Current 911
C4S
Turbo
GT3

There's say 10k between my car and a C4S then 20k between the next steps.

Different models from different generations appreciate/depreciate differently, so while a current gen GT3 might be holding value, some model 996s are appreciating at an eye-opening rate.

In this particular circumstance, the market seems to be quite interested in pre-facelift 996s. On the face of it, it appears to not be driven by anything other than internet conjecture which is frankly, worrying if you're "small-time" investing, but if you're on the button on that internet conjecture then you can do OK.

@Hefty says it's because the pre-facelift has a healthier 3.4 without IMS issues, but when you look at the stats of how many 3.6s actually had an IMS issue, it becomes more apparent that it's more of an internet problem than a real problem, hence why saying it's driven by internet conjecture.

How much does it cost to lease a GT3?
How much have you spent on this per month since you bought it?

I'm sure i saw a Chris Harris thing on youtube ages ago where he leased a Ferarri FF for LOLZ.

The class-action suite against Porsche North America revealed some figures- the IMS in the 3.6 went boom on around 9% of cars, on the 3.4 it was around 0.9%.

The 3.4 had a dual-row design, the 3.6 went to a single row.

But - if a car was going to go boom most would have done so by now.

I have no idea what im talking about BTW.

And I have never leased a car.

How much does it cost to lease a GT3?
How much have you spent on this per month since you bought it?

I don't know if you can lease a 17 year old car?

I've spent a fair amount on this one, it is true. I would hope (for the rest of this year) to MOT it in March and service it in May, without anything else required from a maintenance perspective.

Ah, I thought it was a reasonably new one you wanted!...

(repeat, I have no idea what im talking about)

I don't know if you can lease a 17 year old car?

You can certainly lease a 2nd hand car as a PCP deal through most large car dealers....

Leapfrog the C4S, it's a worse car to drive than the narrow car.

You can't really PCP a 17 year old car, more like a 3 year old car. Also, not many independent dealers offer PCP and contract hire/leasing, they offer traditional finance to cover the full value of the car, so you are buying the car thanks to a loan from a 3rd party finance company, usually at a non-competitive APR. Main dealers don't stock older cars, or if they do, they sell them in peak condition at a massively inflated price.

It doesn't really matter how much is spent on one car per month as it just comes out of the profit at the end, comparing it to the monthly lease cost is bollocks because your end goal is to own outright an £80k car without spending £80k. It's the old trading up from a paperclip to a house idea, @Dammit is starting with a £7k car and hopefully ending up after 5 years or more with an £80k car by picking clever times to buy and sell cars. It's just trading in things you predict to increase in value.

If you stand to sell a car for £30k and it cost you £15k including purchase price, then you've still made £15k profit, or more importantly in this scenario, you have £30k to buy another Porsche, hopefully one about to go up in value at an eye watering rate.

Ideally, you buy one for £20k that needs £10k of work/regular maintenance to make it worth £40-45k in 2 years time.

surely leasing a car becomes a bad idea the moment you don't drive it every day?

want negative depreciation? buy a ten-points-to-Deffendor! (apparently)

Makes sense but it sounds like the most important aspect is luck.

I dunno. I've never leased a car. I prefer to pay for a car in full with a mid sized bucket full of cash.
It wasn't really a genuine suggestion, more a dig at Dammit and his never ending repair bills.

i'm genuinely curious. when i was in the market not too long ago my dad mentioned leasing and that was the reason i gave for not doing so. he leases a car but spends much of the day on the road, yelling at cyclists.

i'd like an example, please...

Ideally, you buy one for £20k that needs £10k of work/regular maintenance to make it worth £40-45k in 2 years time.

VS

Too late now but my ex boss bought a 25k 996 turbo which was worth 35k 18 months later. Plenty of examples of that sort of price jump with that car, and they're only going up more now.

E46 M3 CSL, my friend bought his at £25k. Sold it in 2016 for nearly £50k. Minters are reaching 60k.

E39 M5s are on the way up, if I'd bought one 2 years ago, I'd have already made £5k in value, although probably spent that on maintenance. In the next 2 years I see them going up heavily.

I'm not trying to say it's foolproof or pretend it's easy, I'm just saying right now there's a ridiculous trend with certain cars going up in value by stupid amounts compared to others within the same family, and what Dammit is trying to achieve is possible.

answer my pm, tuppy 'ole

Ugh put the battery back in the landy after charging it and NOTHING, not even lights coming one. Went and borrowed a battery from
Another car that I knew was charged and still did nothing. At a bit of a loss. I hate wires :(

Rob @ Sports and Classic finance is very much your man. You can get preferable deals on appreciating stuff, not like a manufacturer underwritten PCP, but better than a loan off the internet or from a dealer.

Stupid questing but checked the main fuse?