Quote:
Originally Posted by rice_classic
My prediction:
In 10 years, a well maintained, 100% unmodified 86 will be a unicorn and it's resale value will reflect that.
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Like the S2000 arguably a better car produced in lower volume?
Kelly blue book values a mint 10,000 mile 2000 m.y. S2000 at $15k. We all know that's bogus and the reality is you'd be lucky to pry it from it's owner for $20k, the absolute ceiling on that car is $25k for a late model (<10 years old) with sub 40k miles. And that's a car that retailed for >$30k and while values have stabilized as the 86 hits used markets I bet the S2000 will continue it's downward trend, maybe never dipping below $10k for the average worthy example (DD-able, only light work, good cosmetics) due to the supply never outpacing demand but that's at 1/3 the 'actual dollars' of the original purchase price.
Nah, 86 value will decline steadily for 20+ years, I wager we'll see them below the $10k mark.
Quote:
Originally Posted by Tcoat
Agree with most but strongly disagree with the "buy it now and fix it up" concept. Unless you are talking a nice barn find Bugatti or something fixing up a car does not work if you want any real collector value to it. Those top dollar ones are all original, low mile oddities not a well used but fixed up version. This means that if you truly want to gamble on a car becoming collectable you buy it, park it, maintain it and hope to hell somebody really wants it 30 years down the road.
Not to say it can't still happen with just the right car but most of those 30+ year old cars that fetch big bucks now were made in much smaller numbers than modern cars and were pretty rare to start with.
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You haven't looked at the 911 market have you? People didn't even fix up some of those $500 hunks of junk and ask several tens of thousands for them.
http://www.ebay.com/itm/Porsche-911-...m=191575866300
http://www.ebay.com/itm/Porsche-911-...m=111664846946
http://www.ebay.com/itm/Porsche-911-...m=281685675277
http://www.ebay.com/itm/Porsche-911-...m=141658665701
http://www.ebay.com/itm/Porsche-911-...m=221764612057
I'm not talking top dollar cars, I'm talking drivers cars that are cheap today and will be desirable tomorrow, just like those 911's and Corvettes'.
Boxster would be a good pickup, they're in the low teens, someday early water cooled Porsche's will get similar treatment to the air cooled ones. Cars like the 928/944 are starting to pick back up again after languishing under $5k for the last 10 years with nice examples fetching $10k+ It isn't unreasonable for a DIYer to drive a project car as a second car wait 10-20 years and make enough money to fund a new daily driver and project car.