01-03-2016, 11:23 PM | #1 |
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1M value in ten years?
What are your thoughts on this? I have two cars I consider investment grade. The 1M and an old porsche. I do not have room for both, so one must go unfortunately.
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01-03-2016, 11:39 PM | #2 |
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The Porsche sounds like a collectors item; you should keep it.
The 1M will be worth approximately $14,527.47 on January 3, 2026. In anticipation of this value, and being the generous soul that I am, I'd like to offer you $19,500 for it this month, depending of course, on condition and mileage. |
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01-04-2016, 01:03 AM | #3 | |
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01-04-2016, 04:32 AM | #4 | |
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if it's a 1969 911R then uhhhhh you might want to keep the Porsche. if it's a rusted 924 then you may want to set it on fire and laugh like a coke-binged-and-filled madman! post a photo of what you have... honestly you shouldn't keep cars based on what their value should be. You should keep cars based on what you love and want to keep... |
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01-04-2016, 04:45 AM | #5 |
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I can see the ridiculously low mileage 1Ms going for the low 80-90s. But the ones that actually get driven may come down in price closer to used M3 range.
My best guess is the E82 will have the same fate as the E30. In ten years people will snatch them up for fun cheap track cars and the 1M will be a nice collectible like the E30 M3.
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01-04-2016, 10:55 AM | #7 | |
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The 1M will be special due to it's rarity. You never see one on the road but prices will vary wildly in 10 years. Beaten up models will be going on the high end of 2011 used car prices but excellent examples with low mileage will be commanding top dollar like you see now with ultra low mileage E46s. I also think that tech-lovers want the latest greatest gadgetry and while all clean, low mileage 1Ms will have a great value, the much rarer stripper with no outdated iDrive and NAV will be the ones people will put want ads for. Not just because they are a little lighter and rarer, but also because they will stand out in contrast to autonomous, electric rolling infotainment arcades. So I hope that helps but the best piece of advise from me is FOLLOW YOUR HEART! If you keep the Porsche because it makes your heart happy, you won't care if value drops. On the other hand, if you keep the 1M and value drops you will be mad at yourself. Best wishes and happy new year. |
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01-04-2016, 11:17 AM | #8 |
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I'm not so sure I agree with everything you just said, I'm 37 I also lusted after the GT4. My 1M has 21k miles, so not ultra low, but is definitely in the low tech category. No nav, no heated seats, no bluetooth, but does have the Harman Kardon system. Both are great cars in totally opposite ways but I really do feel special when I Drive the 930.
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01-04-2016, 11:36 AM | #9 |
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01-04-2016, 11:57 AM | #10 | |
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So for example they made thousands of fast back mustangs but millions of people all over the world lusted form them so values go up. Less people lust for 1M but they only made 6k of them so values go up. The made more 911 variants than 1M and there are many now that lust for them but they are declining in the future in my opinion based in that I don't see any 911 posters on any of my kids walls or any of their friends. I see Lambo and Mclaren posters and some Ken Block stuff but I haven't seen a single kid tell me they lust for a 911 variant. I hope that makes some sense. |
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01-04-2016, 12:05 PM | #11 |
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I know for a fact that in 10 years I'll be looking to buy a 1M. Absolute favourite BMW ever made; up there with the e30 and e46 M3's. I'm hoping to have a collection of bmw M cars when I've got the money to do so and am out of university.
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01-04-2016, 02:02 PM | #12 |
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Nachob, I do understand what you are saying. Not saying that you are wrong, just semi disagreeing. The old 911's get a response from young and old in my experience. For example, before purchasing the 930, I was visiting my daughter in college and happened to park next to an 80's 911 coupe. I decided to leave a note on that car in hopes of maybe purchasing it and watched it for a bit from her dorm room window. I observed teenagers walking by college age kids young kids and adults of all ages. The 1M got some appreciation but by far and away what grabs everybody's attention was that older 911. I'll be the first one to admit I'm a little Porsche bias. Either way I definitely value your opinion and agree with you 90% . Cheers.
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01-04-2016, 02:09 PM | #13 | |
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the 1M gets attention sort of how a 2pc Kiton suit would get attention----it's more subtle, more of a story, and only for certain people's appreciation. either way....follow your heart...and remember that a salvage title 911 will only have limited appeal in terms of 'investment' potential anyways..... |
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01-04-2016, 03:26 PM | #14 | |
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"NOT A REAL FERRARI" Last edited by nachob; 01-04-2016 at 03:38 PM.. |
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01-04-2016, 04:14 PM | #15 | |
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01-05-2016, 08:46 AM | #17 |
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Nice.
I would hold onto the one you love the most. It sounds like that is the Porsche. Future value for both cars is purely speculative. I learned to drive in my dad's '86 911 targa and they just don't make them like they used to. I am 27 years old and I totally get the older 911 craze and would love to have one in my garage one day. That being said, none of my friends aside from those I have met at track days/car events give a damn about cars at all. They see them purely as appliances. IMHO that right there will be the biggest risk on any enthusiast car's value long term. |
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01-05-2016, 09:38 AM | #18 | |
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What is of note though, is that MOST of the really unique and desirable collector cars (when they are not super expensive Ferraris or Bugattis) are generally oddball cars with a cult following OR cars with significant racing history. The Dino, as mentioned by nachoB, is under that 'oddball' category. Called "not a real Ferrari" for a long time just like the 1M was called "not a real M car" by the ignorant. |
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01-05-2016, 10:00 AM | #19 |
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Two extremely good points.
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01-05-2016, 10:29 AM | #20 | |
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01-05-2016, 11:35 AM | #22 |
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I have an '87 911 that could be the twin of yours. I have owned since new. Light weight, corners on rails and I have never enjoyed driving anything more, particularly on back roads. My 1M, VO in color, is also very special but for me there is nothing that beats the '87 911. I am a much older guy so I am sure that is part of it.
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