911 pricing vlog

Don't shoot the messenger..... https://www.youtube.com/watch?v=-F4qTZGq7II " target="_blank"> https://www.youtube.com/watch?v=-F4qTZGq7II

Not buying it.

This guy's an idiot. There are SO MANY more choices on "what you can buy" right now yet a Ferrari F50 or Enzo still costs 4M. Interest rates are low, very very low, but the vast majority of people purchasing classic cars (30+ years old) are not getting loans to buy them. Few will qualify for a loan on a vehicle that is 30+ years old selling for 1000% more than book value. Good luck convincing an underwriting computer "it's worth it."

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This guy�s contention isn�t that people are getting loans for these cars. He�s from the UK and part of his argument is interest rates are low on investments and people can avoid capital gains taxes when making money by investing in cars.

I think it�s entirely possible that prices will go down or stay flat or go up. They could go down for any number of reasons, including the ones listed in the video. And also because when a market is at the top, with 400% increases over the years, they are just RIPE for a correction. They could continue to go up as well, since just about Everything has gone up over the years. It�s not like new cars are getting cheaper, and even the newest technology (electrics) are expensive. In general, I�ve never been a big fan of buying cars as an investment. The only cars really worthy of investments are few and far between and probably 1% of what Rennlisters should be concerned with.

Good one - " I think it’s entirely possible that prices will go down or stay flat or go up. " Can one say that with any certainty?

I agree with him but for a different reason which is one of the reasons I am thinking of selling my older cars. So why do I agree? I know so many guys in their 50s, 60s and 70s with multicar collections (some even with a couple of dozen 911s). These guys are the ones that have been hoarding the cars of their childhood and now finally in the late stages of their careers having made tons of money are getting the cars they have always wanted throughout their life. I feel pretty sure about this since I have followed that path as well. Now when I look at my 16 year old son, other than loving to drive different manual transmission cars, he has no interest in any of my older cars. He is all about the hyper exotic cars of today and that is all he talks about and cares about. To make matters worse, all of his friends have no interest in cars and if they do its about screen size and the technology and frankly don't even have a desire to drive. The uber app is good enough for them. So my question is what happens when us old guys die, There will be a flood of cars that the next generation of will not car about on the market. Don't get me wrong, people will buy them, there just wont be as many....just like the 1930s cars today...don't really know them and I love to look at them, but would never buy one unless it was dirt cheap and why is that? These cars existed before I was born. Secondly, I look at my kids high school and other than my son, there is maybe a handful of kids that even know how to drive a manual. The others won't have a clue. How many times do you hear about a thief stealing a car and not getting far because it was a manual. Thirdly, while I love the nostalgic feeling my older cars (60s-80s) give me, I find is that I don't drive these cars because the new ones are really so much better...The new sports cars handling is out of this world compared to the old stuff...then add to it all of the modern communications technologies...its hard for me not to drive the newer super cars (991 is a super car) This is why I have already sold one car (my 87 Targa), and as hard as it is for me to think about, I will likely sell my 912, 928 and even my 993 in the coming year. I am totally in love with my 993 but I have only driven it three times in the past year. Twice for a car show and once for a video shoot....and that is not good for the car. Anyway, I am curious what your thoughts are...

I agree that many young Americans, under about 30, have little interest in cars. I had to practically force my two sons to get their drivers licenses. One was 18 and the other was 21 before they got them. They only got them out of necessity. They are not unusual, based on what I have seen.

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You make some really good points; its the same predicament that Harley-Davidson is in, the generation who bought them grew up watching old Brando movies where they were cool and you could be a rebel riding one. Now kids see old wrinkly guys riding past them making a racket and find nothing cool about that whatsoever. Harley is seeing its sales shrink year over year as old people die out. A good analogy might be when cars started replacing horses; horses and horse riding didn't go away it just shrank to a niche market for recreation. And so it will go with gasoline/petrol powered cars and big chrome covered harley-davidson's. Self driving electric cars will replace them for daily transport; most likely community cars shared via smartapps and called on demand.

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In the USA if you sell a vehicle for more than you paid for it capital gains tax is due. Might be different in the UK.

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Nice Guy Eddie : What happened to Mr. Brown and Mr. Blue? Mr. Pink : Brown's dead. We don't know what happened to Blue. Nice Guy Eddie : Mr. Brown's dead? Are you sure? Mr. White : I'm sure. I was there. He took one in the head. Nice Guy Eddie : Nobody's got a clue what happened to Mr. Blue? Mr. Blonde : Either he's alive or he's dead. Or the cops got him or they don't.

lowpue: I think you are spot on.

This thread is really depressing.

In for responses and opinions.

I'm not depressed about this, more fun cars to drive that are relatively affordable. I've never bought a car to make money, only hopefully to lose less than is typical depreciation on an uninteresting car. In some ways I think the manual transmission, simple cars will be more interesting as we approach an age when everything's autonomous.

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I think it's great news. As the sun sets on the gasoline powered car, we may have the chance to drive around in the dream cars of our youth for a reasonable price. I wouldn't mind driving a 1968 GT500KR convertible to the beach in the spring or fall one year. A Jaguar XKE would work too.

I have a friend who had almost all of his money tied up in classic muscle cars. About 30, and not just any old cars. He knows his stuff and had very desirable examples (one of which was one of the Eleanor originals from the movie). 10 years ago I asked him if he was worried about just the scenario described by loepue (Only now it's worse.). At first he said no, but about 3 years ago he began selling them off, and almost all are gone now. Sad, but you can't ignore reality.

I saw that vid recently and kinda chuckled. The numbers add up but the logic doesn�t. People that collect cars 20 years from now aren�t gonna lump a 2008 GT3RS in the same bucket as a 72 RSR. All cars are collectible for reasons beyond supply, just because there are a small qty of something doesn�t make it valuable. Lowpure, your spot on. Was just having this convo a few weeks ago. I work in the music industry (read I work with young people) and they don�t have passion for cars like my generation and the one before me. Sure, there are exceptions, but the vast majority would rather be glued to their phone while being driven (or flown) somewhere. Cars meant freedom to generations past, but it involved driving them, sometimes long distances. Thing of the past for the generations to come. Air travel is cheap and driving a car is too cumbersome. The age of the car lover is ending. And I can�t wait. In another 10-15 years, I�ll finally have the chance at a lot of cars I�ve lusted over for the past 25 years.

Kind of scary if you actually think of it.

I have three Porsche 356s in various states of disrepair. I intend to restore my 1963 Super 90 to its original configuration, but the other 63 and the 65C might be better off with electric running gear, once the cost of components gets low enough.

^^ Yeah, especially for cars that hardly ever get driven. I have a 1976 Honda CB motorcycle with an old-school battery, hydrolic brakes, a points ignition, oil in the engine/trans, fuel that deteriorates, vacuum carbs that have brittle rubber hoses and get varnished, etc. Would make a LOT more sense to have these old vehicles converted to electric. Ride anytime with hardly any maintenance or prep work. Honestly, the biggest problem on this bike is that batteries just don�t last. If I don�t charge the battery, it only lasts a couple of years. If I toss a trickle charger on it, it burns up even faster. I need a smart removable battery system but haven�t seen anything. I�m actually thinking of using my spare Ryobi drill battery packs so I can just remove the battery when not needed. But I need to figure out the charging system, as I�m told the generator on this bike will always destroy any batteries.

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Ouch....now that is scary... Let me add something else that will depress you all (it definitely depressed me)…. A while back my friend lent me his well sorted and perfect 1973 911 to drive for a day. Keep in mind I had lusted after the thing for years. After driving it, I realized I really don't enjoy driving the old car like I did back in the day. The new cars have set standards in handling that are orders of magnitude better...I have been spoiled...I have taken the bite out of the apple....I can't go back....that began my thoughts about selling. We remember things as they were relative to others things at the time but when you compare to what the future will bring its all becomes the stone age... We can either be depressed and jump off a cliff or we can embrace and enjoy the ride (whatever that might be)...though right now I am eyeing that Mission-E, hopefully Porsche doesn't screw it up. It might just be time to let go of my past. How is that for philosophical….

^^ This is the reason I like Porsche. There�s just about any car model you get from any time period and any feature. If you like the old stuff, great, they aren�t $2M. Most anyway. Like the newest stuff? Again, pretty affordable at $300k and below and not $2MM. Family hauler? Cayenne or Panamera. Race car? GTs. Reliable daily? 996/7/1 all day long.