Re: OT Saab boringness

vulgarandmischevious <vulgarandmischevious@xxxxxxxxx> writes:

Timo Geusch <tnewsSPAMMENOT@xxxxxxxxxxxxxxxxx> wrote:

vulgarandmischevious <vulgarandmischevious@xxxxxxxxx> writes:

Timo Geusch <tnewsSPAMMENOT@xxxxxxxxxxxxxxxxx> wrote:

Champ <neal@xxxxxxxxxxxx> writes:

heh. I guess the age I'm looking at (no more than five years old)
doesn't overlap with your ownership much.

Most likely because I'd be physically sickened by the thoughts of how
much money these are losing per minute at the moment :)

Whereas when I look at a five year old 911, it looks to me like it's
already lost tons of its value, and prices plateau

Actually the prices for 993s and 996s are still falling, even after five
years.

Maybe, but not much, really, given that they are (a) already very low,
and (b) can't fall much further.

The cheapest 2003 911 on autotrader is 18,950. Now, given that you'd
"be physically sickened by the thoughts of how much money" this could
lose - how much lower do you think that price for that car will go in
the next 6 months. My contention is: not much.

I'm not that sure - I've just had a quick look through the first few
pages on pistonheads and the already found the first 996 for less than
13k (and yes, it's a tiptronic one - that doesn't help the
prices). Granted, it's a '98 (and I've just would another manual 996 C2
for less than 13k from a trader) so I guess prices haven't bottomed out
yet.

Pistonheads is awash with Porsches that made at least 2k-3k more six
months ago. Granted, that still seems to be a better return than
stuffing money into shares six months ago.

The part that surprises me is that the "they're always worth at least X,
because that's what they're worth in parts" doesn't seem to hold, at
least not at the moment. Prices for the are all over the place, which
suggests that people are offloading expensive toys (no surprise there
then) and traders are discounting heavily just to reduce stock levels
(again, no surprise there).

Hmmm. Another quite browse suggests that even the asking prices for the
supposedly recession-proof old stuff are dropping.

I.
Don't.
Need.
Another.
One.

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