By on May 30, 2016

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Someday, in that distant future, when I finally get around to publishing my book, there is a strong chance I’m going to open it with a list of all the ways in which I have abused my 1995 Porsche 911 Carrera. Not in the modern douchebag-showoff sense of driving a Huracan in the snow or driving an Aventador in the snow or driving any other Lamborghini in the snow for a YouTube video only to have the thing fastidiously concours-detailed the minute the GoPros stop rolling. More like in the sense of just using it as a regular car for 60,000 or so miles. Driving it in the rain, the hail, the 100-degree Midwestern summer heat. Leaving it outside random girls’ houses in every kind of neighborhood imaginable, overnight. Using it to carry tires and oil drain pans and children. I’ve watched my son ride his bicycle directly into the thing and shrugged it off. I’ve dropped the clutch at 5,000 rpm, hundreds of times.

My 993 has been a part of my life for more than a decade and a half now. It doesn’t get around much anymore, but that’s more because I’ve been out of town more than I’ve been home this year. Meanwhile, the most amazing transformation has occurred in the car. When I got it, my 993 was a “new-ish Porsche.” Five years later, it was a “used Porsche,” something that a top-ranking Porsche PR person was quite scathing about on Facebook when he referred to me as “a used-Porsche buyer who doesn’t affect anything we do.” Five years after that, it was a “classic Porsche.” And now it’s a “liquid asset.” I could sell it tomorrow and buy a new Corvette Grand Sport. I probably should do that.

But if my car is oh-so-valuable even after it’s been misused for a thousand dumpster runs and autocross entries and late-night make-out sessions, what would a car that hasn’t been through all that be worth? Put aside the “Nice Price Or Crack Pipe” thing. I’m talking about a main dealer here, one with an admirable record of pricing and valuing cars. Care to guess?

The hierarchy of 993 values goes like this, from cheapest to most expensive:

  • Any Tiptronic car. These are selling at a $15,000-20,000 discount now. It’s now absolutely a sound financial move to do your own G50/6 conversions.
  • Carrera 4 Cabriolet.
  • Carrera 2 Cabriolet.
  • Carrera 4.
  • Carrera 4S.
  • Carrera 2. You’ll occasionally find somebody who says the 4S is worth more than the C2. Those people are idiots, C4S sellers, or (usually) both.
  • Targa. They were sales poison when they were new. Now? A good one will leave you no change from a $75,000 bill.
  • Carrera 2S. This one puzzles me. These cars are wide-ass understeer machines with pedestrian running gear. But they’ve always fetched good money.
  • Turbo.
  • Turbo S.

There are rarer 993s out there in the Euro market, but they are sufficiently rare as to each have a negotiated value based on provenance and Special-Wish specs.

A few years ago, I spoke with the owner of an exotic-car dealership in Cleveland who had two 993 Turbo S units in stock. Both with under 1,000 miles. At the time, he wanted $249,999 for one or $399,999 for both. I thought he was crazy. Turns out he was just looking into the future.

Champion Porsche has a 993 Turbo S in decent shape, with 25,000 miles. Before you click the link, take a guess at what they’re asking.

Okay, go click.

What did I tell you?

$499,900. It’s a well-equipped car, but it’s in no way unique or unusual for a Turbo S. I’ll be watching this one to see if it sells.

Should you, the TTAC Millionaire Next Door, pull the trigger? Hell no. You’d have to be an idiot to buy that car. For $250,000, literally half the money, you could buy:

  • A brand-new Viper ACR 1 of 1, which will also be valuable in the long run but in the short run is as much faster than this 993 Turbo around a track as the aforementioned Turbo is faster than a Toyota Camry V6;
  • A 993 Carrera 2 for the aircooled lulz;
  • A Kawasaki H2 motorcycle. which is faster in a straight line than EVERYTHING;
  • A beat-up Cessna 152, which can actually fly.

That’s my opinion as a driver and Porsche owner. From an investment perspective? I really couldn’t say. It seems unlikely that this will ever be a million-dollar car. But if you’d asked me ten years ago, I would have told you that this Turbo S would never even make it to $100,000. And I’d have traded you my 993 even-up for a used C6 Z06. So what do I know?

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59 Comments on “Alright, NOW How Much Would You Pay?...”


  • avatar
    IHateCars

    You only have to log on to BAT once in a while to see how crazy air cooled 911 prices are. With those getting farther out of reach, the water cooled versions will now skyrocket. Even 914s are going up exponentially….kinda makes me regret passing on all the cheap ones that I’ve seen for sale over the years…

  • avatar
    pragmatic

    You were crazy, being a German car, you should have leased it and gotten rid of it before it got past 36,000 miles.

  • avatar
    PrincipalDan

    See if I was going to buy a 1995 anything I’d go get a Miata or a Corvette that had been pampered by some elderly gentleman who just wanted something to drive on Sunday or to the golf course or cars and coffee.

    But that just means I can’t even articulate the demographic that pays 6 figures for 20 year old German cars.

  • avatar
    David Walton

    I owned my 993 Carrera for 3 years and used it in a similar fashion:

    Daily drove it for 2 years, then split duty with my GT3
    Parked it wherever I wanted to or needed to (including overnight on the street in Auburn, AL more than once)

    I wonder why this listing has gotten so much exposure lately, as the 1/182 worldwide Turbo S has been a ~$500K car for some time now; perhaps the mileage.

  • avatar
    sportyaccordy

    A half a million dollar “asset” that doesn’t pay a dividend or act as something you can borrow against? Bubbel Troubel. Is this thing really worth 10x the price of a clean X50 996?

    • 0 avatar
      David Walton

      There are only 182 worldwide; I’ve only seen 4-5 in person in my lifetime. The car can’t be compared to any turbocharged 996.

      • 0 avatar
        vaujot

        As a 993 owner, I still don’t get the Turbo S prices. It is just a regular 993 Turbo with mild engine tuning and lots of Extras bolted on, most of which you still can get from the dealer. A Carrera RS or a GT2 (prefarably with racing history) would be a different story.

  • avatar
    mcs

    $250k for a 152? The most expensive one on trade-a-plane right now is $43,500 with 520 hrs on the engine. For $250k I’ve seen an SR22-G2 GTS with about 950 hrs total lifetime.

    Edit: My reading comprehension is a bit off this morning. As was pointed out to me, he meant all 4. Sorry about that!

  • avatar
    CTDaddy97

    This is ideal for those people with more money than brains. They will buy them, pack them away, and wait for the prices to rise to 6 figures. And wait. And wait. And wait.

  • avatar
    analoggrotto

    And I thought resale values on the Mark 4 Toyota Supra Turbo were crazy.

  • avatar
    carguy

    The choice between either owning a McLaren 570GT & fully loaded Range Rover or a used car from the 90s isn’t really that difficult.

  • avatar
    Steve Biro

    Jack, swap out that car for a new Corvette Grand Sport NOW!

  • avatar
    Zykotec

    For that sum you could buy all three ‘Normal’ 993 Turbos currently for sale at the largets buy/sale site in Norway. (there is also a 550hp Ruf for sale, also at around $150K) Or rather three 930 Turbos, which I honestly thought would be a lot more expensive…
    Or you could buy more than 10 modified 1970’s Porsches, some of which look exactly like 993 Gt2’s (but are faster, and quite a bit more ‘hardcore’)…
    Beetle fetishists are crazy…
    Edit;
    And , if you’re a mascochist and really prefer a traditional layout, you could buy all nine 928’s currently for sale, and still have money left for a house in a rural area, and maintenance for a year or two…

    • 0 avatar
      sgeffe

      Actually saw a black late-model (S4??!! Whatever the last couple years of production was, based on the headlights and front fascia) 928 yesterday — almost held up traffic doing so many double-takes!

  • avatar
    e30gator

    A “douchebag-showoff”. Yup

  • avatar
    Testacles Megalos

    April ’94 production 993 – barely not a 964. Bought used with 20k on it for the price of a new F250. I’ve added 100k miles of daily driver on all surfaces, including stone roads, in the countryside and the inner city, from TX to MN to ME to FL and everything in between. Many track miles, family hauler, camping trips to the soutwestern National Parks…just no salt. Despite the association of Porsches with snobbery, it’s been a great car. And over 20 years has overall drained my wallet less than the various other cars that have come and gone. It always looks like some alien spaceship, not another Road Suppository currently afflicting the highways.

    But the silly prices now have me questioning, do I really want to continue to do this?

    Where’s the real value here? Snobs come and go, and will be rendered impotent as soon as Bernie’s in the Whitehouse. No, the real value is that it’s the last of the tinkertoy cars. A guy with a red Craftsman toolbox stocked with decent tools can actually do all that needs to be done on the car. There are no more cars like that. Once OBD2 set in, you start to need a computer. Since the WC cars, you can’t work on the car without a computer. Since the Boxster and 996, you need a Porsche Technician, there is no place for just good mechanical sense.

    All the other mainstream manufacturers went down that path 5-10 years earlier. The 993 is really the Last of the Mohicans. The last car that can be driven in modern roads in comfort yet can still be maintained and fixed in your own garage at home. And with the enthusiast interest, wear-and-tear parts will be generally available at least for our lifetimes…

    No wonder they’ve become pricey.

    • 0 avatar
      krhodes1

      As long as mere mortals have access to the software, the computer is a non-issue. I can do anything to my BMWs that the dealer can do in the comfort of my garage. It’s just another tool in the toolbox. I like a car that can tell me what ails it rather than having to read tea leaves.

      I applaud you and Jack for using these cars as cars, as they were intended to be used. On a lesser scale, I’m the same with my old Triumph Spitfire. I drive it anywhere, park it anywhere, even lend it to friends for dates. It’s a car, not an objet d’art.

      • 0 avatar
        sgeffe

        Is resetting the “oilservice” indicator still something that requires some Chinese device from the back of a magazine to reset (or a trip to the dealer), or can that be done via on onboard menu now, like in an average GM vehicle?

        Are there devices that a DIYer can use to register a new battery to the car, or does that still require a dealer visit?

        (Some of that stuff is lunacy! I know a guy who’s on his second GT-R, and Nissan will void his warranty if he doesn’t bring it in for their oil changes and diff services at one of their Godzilla-certified dealers; this despite the fact that this guy has the means to do it himself (along with his ’70 ‘Vette and ’70 Chevelle, both with Lingenfelter motors). How hard can it be to grab a case of Mobil 1 and a filter?)

        • 0 avatar
          Kyree S. Williams

          “I know a guy who’s on his second GT-R, and Nissan will void his warranty if he doesn’t bring it in for their oil changes and diff services at one of their Godzilla-certified dealers”

          Unless Nissan can truly prove that the car will suffer if it isn’t serviced by official Nissan mechanics, that’s illegal, and for good reason. I think your friend may have exaggerated.

      • 0 avatar
        Testacles Megalos

        KR,
        The consistent “other car” over the years has been an MGB. Already on my third set of sills/floors/ fender doglegs from salt/road beatings. Also gets driven anywhere, parked anywhere. Also another car that I’m perfectly happy to reduce to nuts and bolts (Peter Egan’s piece in RodantRackabout the green MGB a number of years ago came out just about a month after I think the second time I reduced the car to bits over a weekend….). Maybe I’m too much of Luddite to allow computer diagnostics into my garage.

        • 0 avatar
          krhodes1

          One of my other cars is a Triumph Spitfire. I also have no fear of taking it to bits. I have both Whitworth spanners and a computer in my garage. Both are just tools, and I am equally comfortable with either.

          You get a lot less greasy using the computer.

    • 0 avatar

      As per KRhodes1, I disagree that computers are a bad thing or that you need to be a Porsche tech to work on the water cooled cars. I currently own both a 1972 911 and a 2008 987 Cayman S. I have owned many water cooled Porsches from 1999 996’s up to a 2010 997 Turbo and have always done my own work, even the more major things like clutches and IMS bearing replacements.

      I also rebuilt the engine and transmission from my 1972 911, but it was not really any easier, just less electronics. I also spent a lot of time and money to try and get the MFI tuned correctly on that car, and in the end I have not been successful. The modern watercooled cars need practically no tuning, you just switch the part that the computer tells you to switch.

      Just buy a Durametric cable and read your own computer, the rest of the car is just nuts and bolts like any other – once you understand the overall layout and position of the various parts in the newer cars, the only difference is ease of access.

  • avatar
    gottacook

    I applaud your use of a car that others might treat as a collector’s item. If my life has taught me anything these past few years, it’s that things should either be used or never acquired in the first place.

    However…

    “Leaving it outside random girls’ houses in every kind of neighborhood imaginable, overnight.”

    Really, man? Your word choice here tells us what you really thought of them, and/or what you thought of yourself for how you ended up with them. Random! I’m glad that none of the various female companions of my own extended-adolescence-before-marriage could be described that way. (In my case the car was a ’66 Bonneville convertible with 6-way power bench seat and a/c.)

    • 0 avatar
      ihbase

      I think that it is part of the “Chronically Insecure Heterosexual Male Series” brought to us by TTAC. Certainly the disclosure “Leaving it outside random girls’ houses” could never be confused with other behavior described as in the “douchebag-showoff sense” at all. The gender of the owner of the residence adjacent to where the car was parked is totally relevant to the apparent primary purpose of the car.

      Imagine how the resale value of 911s would skyrocket if they were not primarily used to band-aid such insecurity…

      -Michael

      • 0 avatar
        VoGo

        Who is to say whether these women were truly random? I suspect at least a few felt at least some sense of purpose to their lives, at least until they met Jack.

      • 0 avatar
        Jack Baruth

        You know, I feel really marginalized and triggered by your dismissal of my cisgender heteronormative promiscuity and I find your suggestion that I censor all mention of my own unique sex and gender choices to be violent, microaggressive, bigoted, and racist. When you marginalize me, you wound me. And when you wound me, do I not bleed?

        If you want to read about a guy who has to make up girlfriends and wives and who can’t get his dick sucked even when he’s behind the wheel of a Ferrari, might I suggest the collected works of, oh I don’t know, Doug DeMuro and half of the staff at Jalopnik?

  • avatar
    Big Al from Oz

    Hey Jack,
    Does this Porsche come with a Texas Edition badge?

  • avatar
    yamahog

    Off topic, but I really wish asset bubbles were better understood. I have a degree in Economics and never found good literature about asset bubbles beyond some work in the ‘behavioral economics’ subfield.

    Are air-cooled 911s special? Yes.

    Were they undervalued when you could pick up a good one for 15k? Probably.

    Are the scarce? Scarce enough.

    But why are random air-cooled 911s going for more money than new Caymans?

    Yamahog thinks it’s because people buying air-cooled 911s think they’ll find a bigger fool when it comes time to sell their 911.

    The market price has walked so far away from the intrinsic value it’s nuts. But I got cash and when the bubble pops, I’m going to strongly consider buying one.

    • 0 avatar
      Xeranar

      Intrinsic value stops one of three places: The value of the material in the car, the value of it as transportation, or the value of it as a status symbol that may benefit you in life or business.

      Pretty much this is just sheer ignorance mixed with very large sums of cash. But when we’re talking 450K vehicles, you are effectively operating in the stratosphere of society, maybe the top-5% can realistically afford them (4 & 5 are probably financing them with a hope to flip…but could get to them).

      This is almost a textbook example of a niche market operating outside of the boundaries of normal market concerns. It’s essentially a private trading floor with almost no impact from unseen forces, just the same few hundred actors playing the same game.

      • 0 avatar
        yamahog

        I think the market is bigger than a few hundred actors, but your framing of intrinsic value is excellent. I was worried I’d get trollololed with ‘there’s not such thing as intrinsic value just whatever someone is willing to pay for it’.

        The explanation that an air cooled porsche 911 is a better status symbol than a new Cayman is satisfying and I can’t immediately come up with any good counter-evidence. Apparently a 95th percentile net worth is around 1.8 MM in America (though I don’t know whether that include a primary residence) so you’re spot on. that’s about how much money you’d need to spend 70k on a 30 year old car and they don’t have enough of a bling factor for status seeks to find out whether they can make the payment on that car.

        Your point about a private trading floor is an interesting one – the original example of a bubble was in Dutch Tulips. Some tulips were selling for 10x the yearly wage of a good craftsma and the number of people participating in the market was very small. Eventually, a few people came to their senses and stopped participating in the market and fleeing the market became a game of musical chairs. Another flower bubble, the bubble for the hyacinth is an interesting parallel – people bought and sold contracts for the flowers to be delivered once they bloomed. The prices rose slowly but steadily before planting season. But after planting season ended and supply froze, the prices increased radically.

        Regardless of why the bubble exists, my strategy is the same – wait for a firesale. I can recall all the amazing deals in 08/09. I’ve been saving my dough ever since waiting for my chance to be a carpetbagger. Even if it’s not an aircooled 911, it could be a cayman/mustang GT/camaro SS/BRZ/Evo X/GT-R (r32 or r35)/M3 just as long as it’s a good deal.

        • 0 avatar
          heavy handle

          Aircooled 911s aren’t just status cars.

          They are genuinely fun cars, and they can be kept going forever with reasonable care.

          Most modern high performance cars are too fast for the street. You can only lean on them for 5 seconds before going past any sane safety margin. What’s the point?.

          Anybody can keep an aircooled 911 running with minimal maintenance (relative to the price of entry). Buy one today, and it will still be in near-perfect shape in 2026. Can’t say that about a new 911, or any other new car. Other than a total-loss event (covered by insurance), there’s no way an aircooled 911 going to the scrapyard. It will still be running in 50 years, and the valuation reflects that.

          • 0 avatar
            sportyaccordy

            Much of their longevity stems from the people who own them, not the cars themselves. There are million plus mile Honda Accords and Lexus LS400s. I don’t see why a watercooled 911 wouldn’t last as long as an aircooled one with the same level of maintenance- especially a 996/997 which are pretty simple.

            And my 350Z was a bit much for the street at times… a 993 with like 200-300lbs less weight and more HP would be even moreso. I’d imagine a base 6 cylinder Cayman is a more ideal street car balance than any most 964 911.

          • 0 avatar
            heavy handle

            Watercooled 911s may end-up being just as durable, but the first batch were troublesome.

            I really doubt that Lexus will provide OEM-quality parts for as long as Porsche does. I know a guy who sold an early SC400 because too many parts were NLA. Those cars are stuffed with one-off electronic components that are getting to be failure-prone.

            The 911 is fun to drive because it is a handful, and it’s very communicative. Most “well-balanced” modern cars are so good that you can’t challenge them at safe speeds.

          • 0 avatar
            yamahog

            But we can’t explain the prices of the Turbos as nice cars to drive on the street. And the price of air cooled 911s has easily doubled in the past 4 years, it’s not as if they’re twice as nice to drive as they were in 2012.

            I got a ride in an air cooled 911 with some amount of tuning (roll cage, suspension, 5 point harness) and it didn’t strike me as any faster than the NSX which might be one of the fastest cars on the street I’ve ever ridden in. And even then, there’s no way this is faster on the street than any run of the mill caymans with a comparable transmission.

            But the OEM parts availability is a big deal. Basically any car can be kept on the road indefinitely with good maintenance and fresh parts. And the Germans do a very good job of supporting old machines. Some random parts for my MY2001 car are getting hard to find which is a shame because it’s so new.

            The problem with 90s era cars is that their electronics are compromised. It was too early to just use microprocessors for everything and too late to use lead / tin, and the capacitors had a limited life.

            I saw your point about the SC400 and people in the know have all sorts of guides about how to repair a lot of the electronics. But you’re right that broadly that not an issue for the air cooled Porsches.

            Buy my point is that the market for air cooled porsches doesn’t seem efficient. At the end of the day – why pay more for a 1980 Carerra than a 2012 Cayman with a warranty?

  • avatar
    Zykotec

    @Yamahog
    I think as far as asset bubbles go , this was not the most unpredictable one. Aircooled Porsches always held their value well, but the hard part is knowing when they ‘explode’ or ‘implode’ or whatever the scientific wording is.
    I guess what happened with the ‘Muscle car bubble’ some years ago now, was a bit similar, and there are so many factors in play, each that are mostly only known to people who don’t have the full overview of the situation before it happens.
    Back then the revival of the muscle cars, interconnected with an IT-bubble, and then restoring and modifying cars was suddenly all over TV, and muscel cars showed up in films again etc. And suddenly everyone wanted to pay supercar money for cars that bluecollar kids hooned around in 30 years earlier.
    With the Porsches the generally high value of old Porsches crashed with the not so highly regarded watercooled models, and the manufacturer who now makes SUV’s and whatsnots, and then Rauh-Welt and Singer started modifying all the older watercooled cars, and then it just exploded.
    Ans I guess most people who know economics, don’t follow the car modifying world and the Porsche enthuiast world, and so on and so on.
    I guess instead of a scientific report you can just write ‘be in the right place at the right time’ on a nicely printed piece of paper and sell in on E-bay…
    We all know the next one is going to be ‘Ricers’ but we just don’t know exaclty which ones, and when they ‘explode’
    (well, actually Twin Turbo Supras and Type-R Hondas are not exactly cheap anymore)

  • avatar
    FormerFF

    Half a million dollars for a 993? That blows that theory about rich people being smarter than the rest of us out the window.

    OK, I get it’s the last of the line for aircooled Porsches. And why is it the end of the line? Because the aircooled auto engine is an obsolete idea, Porsche has known this for years, which is why they were moving away from it since the late 70’s.

    I could certainly see half a million dollars (or more) for a 1973 Carerra RS, that’s an iconic car. A 993 is just an old Porsche.

  • avatar
    dal20402

    This will be more like a bad soufflé than a real property bubble. It won’t explode so much as gently go “fwwwsssshhht,” with values first holding steady and then gently falling to a realistic level, to the accompaniment of much wailing from the people who bought their 993s as an investment and not because they wanted a 993.

    But, Jack, I can only conclude that you really do want a 993, because you don’t already have a Viper ACR in the driveway. And in that case, more power to you, and don’t worry about any bubble one bit.

    • 0 avatar
      baconator

      Well, if I’m reading the latest eBay / CoPart / BAT auctions right, the early 911s have already tapered in value slightly since the summer of ’15.

      Non-Turbo 993s sell for about the same as a new no-options Cayman or 340i with leather. Both of those will depreciate heavily; neither feels timeless and durable in the same way a 993 does. So I don’t really think the prices for non-Turbos are all that nuts.

      But the six-figure prices for Turbos and Turbo S’s? These prices only make sense in our current world of negative real interest rates, where a 1-of-152 car has a better gain/loss outlook than money sitting in a certificate of deposit. The global wealthy class has more need than ever to stash money in items that shield them from currency crises and the whimsy of government kleptocrats.

  • avatar
    tbp0701

    While I can see the idea of a highly desirable sports car as an investment, I can’t manage to understand those who own but won’t drive them to maintain the value. I see it as akin to people who buy toys and never take them out of their boxes; there’s something inhuman about that.

    So, while those of us who drove the hell out of cars–and played with our toys–may not get a basketful of money after a while, we have much better stories.

    Sure, my stories don’t involve Porsches thus far, but there was that time I bet a guy with a 4×4 that I could further up a mountain in my Pinto. I won.

    • 0 avatar
      01 Deville

      Do tell us about it. Of course in the context of a JB piece that makes this website TiTs-Ar-eC, you might want to make up a story about how you ended up winning his GF for the night.

      • 0 avatar
        tbp0701

        Okay. I was with a group of people staying in cabins dotted along the side of a steep hill/small mountain. When we were packing to leave, a guy bragged that he could get his truck nearly all the way up to our cabin, saying, “Too bad you [expletive]rs have to carry your stuff all the way down. Should have gotten 4x4s.” So I, with a Pinto I bought for $200, decided that was a challenge and bet him a few dollars I could get my car closer than his 4×4. He accepted.

        He got almost up to the cabin, traveling in the cautious, slow way of a man trying to prove the off road superiority of a machine which drained most of his young adult income each month. He could have gotten farther, but I’m sure he was confident there was no way I could get more than a few yards.

        I suppose he had neglected to consider the absolute abandon a nerd in his early 20s could drive a car that had been built several years before to be nearly disposable, and at that point I had become reasonably familiar with what could go wrong and how to fix it. And yes, there was a girl to impress, who we’ll call Darlene. She was a brilliant musician who played several instruments, mainly guitar, and at the time was the only member of a RUSH tribute band who could play the original parts. If that in itself wasn’t great enough, she favored wearing things like bright colored sweater miniskirt outfits, was sardonically witty and in many ways could have been the embodiment of everything wickedly awesome about late 1980s excess.

        So with a small group watching, I launched my Pinto up the trail, skidding, bucking, sliding but ascending quickly and grinning maniacally. I passed the parked 4×4, and got up to the cabin. I got out in a cloud of dust and jutted my arms in the air. Some cheered, others stood slack jawed. One said, “You ever see those movies where you can see the entire underside of a car? I never thought I’d see that in real life.” Darlene said I was crazy and she loved it. So I collected my meager winnings and had a start to a very memorable last evening in the southern Ohio hills, thanks to a cheap Pinto, my insanity and Darlene.

  • avatar
    Detroit-Iron

    8 years ago I could have got a 930 with a “minor” electrical problem for less than $30k. I also passed on Redskins season tickets for less than $4k, so you win some, you lose some.

  • avatar
    Shinoda is my middle name

    Another symptom of a decadent society in its death throes.

    Seriously? How did the people who would throw away this much money on one of these GET the money in the first place?

    The mind boggles.

  • avatar
    ToddAtlasF1

    What happens to your property tax bill when your $20K second car becomes the fetish item of risk arbitrage douche bags? Extrapolating from what I pay for my current fun car, I’d be looking at over $9,000 a year in property taxes were it assessed at half a million dollars. Even if I couldn’t think of anything I’d rather have for five hundred large, that would grate.

    • 0 avatar
      SunnyvaleCA

      That might be the one single area in which California doesn’t have the highest taxes in the land. When you buy your car (or bring it into the state) you set the price for the tax part of yearly registration. I think you pay 1% of that price plus fixed fee (of $45?) in the first year. Then in the second year you pay 90% of that 1% amount plus the fixed fee. Then 80%, 70%, 60%, etc. By year 11 and thereafter you just pay the fixed fee.

      As for other kinds of tax… buy a 1500 square foot shack in my area right now and your yearly tax will start at $16k and go up 2% each year. Don’t forget the 9.3% state income tax and 9%+ sales tax (also charged on used cars and also not given credit for a car trade in).

  • avatar

    Flashback to 2008. Visiting friends at college. One of them sells me about a guy who paid $20k for a mint 911SC. We all laughed at what an exorbitant sum that was for an undesirable 911. Guess who got the last laugh?

    • 0 avatar
      ToddAtlasF1

      I almost got a 911T Targa for about $4,500. The only rust I could find was in the pan under the spare tire and it was a daily driver with right around 100K miles. The best thing I can say is that the seller backed out of the deal, so it wasn’t on me for not buying it. Oh well. I’d have demolished it at the time anyway.

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