Obi
Active member
Models like mine are now selling for more than three times what it cost new 11 years ago.I think in a previous similar thread someone calculated that as the value of his Rolex had risen over the years, its value from date of purchase equated to Rolex paying him to own and wear it.
Don't buy the Porsche. I have had 2, the times for sensible Porsche ownership are long gone. Why ?
1) Main dealers, and the parent company used to be enthusiasts. Post Boxster and brand revival (rather than the looming bankruptcy of the 90s) the entire brand has shifted focus to a much more profit centric and cynical approach to revenue, customers and the cars. What this means in real terms: People I used to know who would spend thousand on parts for cars they were renovating used to have excellent relationships with the dealers. Sometime mid 2000s Porsche lost interest in anyone not buying new, or high end and customers I know got seriously cheesed off with all four of the areas main dealers as they turned thier back on life long customers.
2) Porsche - it is like a disease, one you have to talk about. The only people you can talk to about it is other owners, believe me, your friends and family do not want to talk about your Porsche. I found people would engage me and talk about my Boxster, but when it came to the 911 it was like people had a blind spot and refused to acknowledge it, and even petrol head friends I have known for decades never ever mentioned the word "Porsche" in my presence, not even when talking about cars and their own pride and joy.
3) So, the amazing Porsche "scene" of friendly owners, and great trips to great places in convoy. It used to be great. Now, it is full of people who have the same mind set as those who talk about Property Prices all the time because Porsches have rocketed in value. It has attracted a different kind of person, and a lot of investor owners.
4) Dealers are ripping people off. Quoting main dealer (2015): "Those two exhaust bolts have corroded, we can deal with them now for £1200 or if you leave it, it will likely be about £1800 in another six months. This comment after 5 years of ownership of two cars and always going to main dealer.
5) The prices are a ridiculously inflated bubble. I looked at a 930 in 2006, had a lot of work at a Porsche specialist: Full bare metal respray, reuphoster of all interior to factory spec, new carpets, full rewired, rebuilt engine and gear box, new suspension, brand new wheels, and more... It was £15,995. Now that car is over £70,000. It is just a house of cards imo. This is that car, the one that got away:
Here is me and the guys back in 2012 doing Porsche things.
2012:
My 911 which I had for 12 years: