Good video as allways 👍 lets remember that depreciation on some models is a good thing. These wonderfull cars should be more attanable for carlovers like us. Depreciation doesn’t mean these cars will vanish - and actually they will finally end up with owners who want’s to drive them instead of holding on to them for the money value….
Nice vid. Not sure I agree with the long-bonnet depreciation theory. Here in Aust they are going nuts. If the theory is that people who loved them are dying off, then why are the 356 models all increasing in value like crazy? I've been seachring for a decent 356 for years and not found what I've been after but every year that passes, they increase like there's no tomorrow and I regret I bummed around. I also believe there is a massive correlation between the new car and the first 911's and that will never change. My kids could immediately recognise any Porsche by its shape more so than any other brand thanks to that iconic shape. The old cars are just cool and they are always going to remain cool.
Darren - Thank you for posting! You saved me from bring this point forward! The gentleman's logic is complete bullocks!!!! Yes, 356s and early 911s are going nuts and never will come down. Youths readily identify the shapes and want them. I own a Miura, and that like early 911s and Speedsters, just keeps going up and up with youths having keen interest.
I’ve had two turbo S’ over the last 9 years. Sensational cars and I’ve loved every minute of ownership. I haven’t looked at the market for ages now. But I understand they’re pretty solid in value retention. Life’s too short for boring cars and I’d never ever buy a car/bike thinking it’s going to go up in value. That’s the reserve of the exclusive ‘Porsche’ customer. I gave up on the GT3 thing many moons ago…. 😊
Situation might be different in the UK but there were less than 80 981 GT4 delivered in Australia in a country of 25 million people. 11 currently for sale and only one of them is below the original retail price from 2015/16. Only two have carbon buckets. Only one has buckets and ceramics. The one without ceramics has ridiculous mods on it including a wing you can see from space. If you have the right spec, clean history, and no stupid mods, depreciation won't be an issue. If you have a GT4 with comfort seats and no options...yes depreciation will likely impact you more. Regarding cars that will appreciate, Lee is hardly putting his reputation on the line with those five choices. All are epic. Of course they will increase. I think if you have money in any flat six, manual gearbox Porsche in a desirable spec, you're pretty safe. If you have a tiptronic cabrio 996 or 986 boxster....sell!
Only 2500 981 Gt4’s were produced total which is hardly a huge number as plenty would of been ruined off that number too by now. There is only around 500 in the uk again with population and how good they are I don’t see them depreciating much and a cayman r ever being more sought after. The engine is ample too, it’s a decent Porsche engine hardly like it’s a vw lump in there! Pretty weak reasoning calling a Gt car Porsche made not really a proper Gt car, I think Porsche are the ones to make the rule there. Also the cayman R just has the basic Boxster s engine in doesn’t it?
Interesting to hear the low numbers in Australia of the 981. I just sold mine and had to take a haircut. None of the others above original retail price seem to have sold, despite Evo saying it was the best car in the world regardless of price, when it came out. There is nothing wrong with a Carrera S engine as that car was always a sweet spot in the range. One wonders about the epic GT4RS which has already sold around 140 cars in Australia apparently, with no more orders being taken.
Good video but would like to see you do these with a budget limit in place, so you can talk about more available cars budget wise, like 996 4S prices have been going up, 997 turbo manual cars, 1st gen caymen have gone up, not by loads all of these I know but they are already appreciating and much more obtainable for most people!
Sound reasoning on all. I think you’re right to focus on the numbers. I agree the long hood 911s are unlikely to continue their rise, but they will always be extremely cool cars. You’re spot on about 964s, but I’d include the 930s which are iconic. I’m the wrong side of 50, but I have noticed that younger enthusiasts are quite drawn to the classic 911.
Agree on the younger folks looking backwards not forwards on the cars. Firstly - way too many GT cars on his list. I think ALL the GT cars COULD take a hit in recessionary conditions and cheap money drying up. Secondly - the classics / long hoods are MORE popular with the younger drivers NOT less. Magnus Walker interviewed the 25 yr old kid that works for Rod Emery who took a 912 long hood and turned it into the “68 Special”. Watch the video. My 16yr old and every one of his buddies thought that was the coolest thing they ever saw (and built by a 25 yr old…) who I can tell you without question could give a rats ass about anything modern or 991 / 992. And backdating cars has never been more popular by all demographic Porsche enthusiasts. I mean crap… it’s 90% of the reason the cult of air cooled beats the cult of water cooled 10 times out of 10. Then he picks only the 964. And everything else is water cooled but then has a classic air cooled as one of the few going down in value. Except at every air cooled show it’s the classics and restomods where all the pictures are being taken. And you are 100% that not one turbo despite Porsche being all about turbos… from 959’s to 930’s being the wall poster for everybody. I’d pick the 993 Turbo as going up 50K a year over something like a 911R that’s already in the stratosphere of 650K USD plus already. These cars are already largely all gone to collectors substantially never to be seen again - so how do you disprove that one 😂 Only a handful will sell now in a year.
@@jeremy7818Agree. The other related point is that if you are interested in classic sports cars the long hood 911 and 912 are uniquely usable. I had the great experience of driving someone else’s 1973.5 911T - a car built when I was a toddler- and it impressed me with its immediacy and vintage charm. It was a brilliant drive. I would happily own one as a weekend toy. To me an MGA is basically a relic, and even my MGB wasn’t a car I’d trust on a trip. But a long hood 911 is magic. Not scary to own, great support, and it looks better every year.
Very enjoyable speculation. It is a hard call though, I can’t help wonder if the whole market is ludicrous right now and I do wonder if the bubble will burst as it did in the early 2000s when I was offered two unregistered XJ220s for £75k each (crying quietly)
I see the 718 gt4, gt4 rs and Spyder coming down, but really like the Boxster 4.0 GTS given the lower numbers than the so called more special gt4 / Spyder cars. Agree in 992 touring, and 992 turbo loads of them for sale, 991.2 gt3 touring is a clever buy
There is a big supply of 718 GT4 cars. It doesn’t matter whether there won’t be a successor. If the next 911 has a larger displacement engine and shorter gear ratios, GT4 prices will be humbled.😊
Agree with you on the 964 and 996 GT3RS. One I would add long term say 5 plus years from now because of the limited production and short manufacturing period (22-24) is the GT4-RS. After 24 it will no longer be made with a combustion motor. Though they are over priced now by 75-85K, I think short term 12-14 months the price will drop but in 5 plus years low mileage rare color cars will fetch $500K plus.
Great video. We have a Boxster S and a Macan. I’ve loved Porsche since the first 911. Your video was interesting from start to finish. Well produced. It’s most compelling component was you. I’ve watched several of your videos because you come across as genuinely interested and well schooled and, as an authentically good guy I’d like in my Porsche group. Congratulations
As much as I agree on the 996 GT3 RS I really missed the 996 GT3 MK1: -It is the ONLY "fried egg" gen1 car outside the normal Carrera range and therefore is the only 996 gen1 version with a proper drivetrain, i.e. the Mezger engine, derived from the lengedary Le Mans Winning GT1 (who it shares eggs with btw. ;-) -first road legal production car to ever to lap the Nürburgring in under 8 mins with Walter Röhrl behind the wheel -lots of racing pedigree as Cup cars and so on -very low production numbers with only 1868 being made -on top: they were never sold in the US... And next year there will turn 25 years. So, what do you think? Shouldn't prices go through the roof over the next couple of years?
I'm glad like with the Carrera GT before the price soared we have these other underrated Porsches to pick up while they're still accessible and affordable. Cars you mention like the 997 GT3 RS 4.0 and the 911R. All joking aside, I'm not sure what it's like in the UK, but 997 GT3 RS cars are already mostly beyond (.1) and far beyond (.2) 991.1 values here in the U.S. There are nice 997.2 GT3 RS cars listed for over $400k USD right now.
Hi Lee, thanks for your video. I totally agree with you on your Elvis Presley analogy on many classic cars of a certain age going down in value, due to the age of the fanbase appreciating them. However in the case of the long hood early 911, I have to disagree, This is because many of the company's that modify/retro mod the 964 especially singer that you mention, backdate the cars into the long hood look and this has created a whole new and younger fanbase for that style car. PS we met and had a chat, at Porsche by the lake earlier in the year, so I hope my comment doesn't mean we have to fall out! LOL
Love your videos . I disagree about the 981 GT4 like many of the others here have said that one will go up in value ... Only 2500 made and it’s a very special car !
I think you're wrong about the 981 GT4. I see these staying steady at MSRP at a worse case or jumping up in 5 years. the 981 is far more rare and better in almost every way to a 718 cars. These are the last of the raw, manual, modern GT cars.
Great video but don’t agree with 981 GT4’s going down in value.. we got 2500 in the US to begin with & who knows how many of them are on the road.. demand continues to be strong.. how do I know.. looked for a 981 GT4 for over 6 months but couldn’t find my spec & prices were crazy high..ended up with a 718 GT4..
I don’t agree with the early long bonnet 911 prices. It’s like saying an Aston DB5 or DB6 will crash because nobody remembers them. They are a different gravy and it’s about numbers, early 911’s will always bring strong money because there’s so few about
Great video, the only thing about the 911R is the front bumper, it’s the .1 shame it wasn’t the .2 the GT3 touring was a .2 and looks much better in my opinion. I disagree about the 981 GT4, I personally prefer the 718 but I just can’t see 981 dropping much. Can you please do a video about your thoughts on future prices of the 928, 944, & 968 ❤
No interest in the 'long bonnet' myself BUT I think you could be mistaken. Continuing your musical analogy opera and classical music are still massively popular, again not with myself, but as people age their tastes change and mature. Older people tend to appreciate the finer things in life and will pay a premium. So I'm not convinced about that and there is a limited pool. 987R won all the twin tests, back in then day. against the 1M BMW. They need to come down too ;-)
Here in the states, people bought up early to mid 80’s 911s like mad at ridiculous prices. They made so many of these that they were doomed to depreciate the second after they bought them. Now you’re starting to see them on many websites for sale as investors are dumping them as fast as they bought them.
You make good points, but I think you might have misjudged the longhoods. The 356 model is still very expensive and I suspect it will remain so. Similarly, the early 911's are not likely to lose their appeal, they will just be purchased by a younger generation of enthusiasts. Good videos Lee. Keep them coming.
As a 964 C2 seller, I hope the economy sorts itself out over the next 5 years because I couldn't find a buyer to see the potential value in my late/1993 C2, manual, Midnight Blue, stock/OEM+. Perhaps things will change now commentators are highlighting the dwindling numbers (circa 200 C2 manuals left in the UK). Let's come back in 5 years and check your score!
Evo in 2020 re tested a 987.2 Spyder (so like a Cayman R) they gave it 5 stars and summarised by saying that they can’t with confidence say they’ve enjoyed another Porsche more! - There will be those that totally get why that is and those that don’t and the later are likely to be the ones whose enjoyment comes as much from saying what they own and there’s no harm in that but not everyone looks at cars from that perspective
The Porsche 997 turbo Gen 1.5 manual is a car I think is gonna appreciate in the future. Only 50 manuals if I’m not wrong were manufactured for the UK market and it’s the last 911 turbo to come with a manual gearbox they’re rocketing in price in America.
I own 2 f-model cars and im 31 years old. Would never trade them for newer cars. Have driven newer 718 gts, taycans, newer 911 turbos, etc. The new cars is a mix of driving a tesla and playing playstation games. No feeling at all. So disagree on that point. 😊
My worry is that the spyder for the 981 wasn’t a true GT product. Even though I love the engine and looks. The brakes and front end suspension are boxster GTS bits. Love that car overall though and they are rare indeed
As an early USA GT4RS owner (like me most of us payed $50k give or take over MSRP. Where are the production numbers gonna end and what will likely happen to the GT4RS values over the next five years. Following that question, where will the Spider GR4RS values and production numbers fall. I’m confident the $50k +/- over MSRP needs to be included in the Spider five year valuation prediction.
I think these are the ones that’ll go up in value even more. •2022 992 911 Sally Special •2018 993 911 Turbo S Project Gold •911 GT1 •1987 959 •991.2 935 •992 GT3 R Rennsport •997 & 991 911 GT2-RS •Any Speedster/Sport Classic/Darkar
All of them appreciate constantly if you haven’t noticed yet. All air cooled went up in the last 10 years at least 4 times more. The 997 rs4.0 is 2.5x but rather 3x more so the 991R as well. So it’s not will it’s happening.
Depends on county. Considering France and their co2 tax that was 10500€ in 2019, 20000€ in 2020, 50000€in 2023 and 60000€ in 2024 the local market for 992 will not drop a lot due to that crazy tax raise. Maybe for older yes it will stop to raise.
What are your thoughts on the Porsche 991.2 Carrera 4 GTS British Legends Edition, Derek Bell version (with a manual gearbox). Only 15 ever made, to celebrate Porsche’s victories at Le Mans?
Great presentation, as usual. One can’t argue about the obvious models you mentioned (997 gt3RS4, 996 GT cars, 991R and 997’s GT3 RS’s in general) However I have my doubts about the 964’s. I believe restomoders selected that model because at the time they were cheap and unwanted, hence easy to get. Hence the demand has been created artificially (so to speak). I believe the 964 thing is more a fad, in my opinion. Can’t argue about 992 and to an extent 991 as there’s 1000’s of them. But again, great presentation.
Your Elvis Presley example is very poorly considered when applying it to long bonnet 911's. Early rolex daytonas, classic ferraris even pre-war classic cars all highlight how scarcity, heritage and excellent companies with fantastic moats continue to hold/push theses asset prices upwards. Long term - the reduced operating complexities of these long bonnets make it a fantastic proposition for future use. Compare that to any modern classic and you'll find the hundreds of complex modules and can bus wiring systems will render these cars prohibitively expensive to maintain.
Completely over valued car. I can buy a 991.2 gts for less money which us a much better car. The T is not a cut price gt3 . The gts is better specced better performance better to drive and used is cheaper. The T will drop in value.
@snapp318man yes, that's howopinions work. Its what i say. Please tell me how a slower, less well equipped less capable car is worth more than a gts? Seeing as you are the oracle we are all dying to know.
Carrera T's prices have just started to fall and they're more for sale which adds to the problem (or not if you want one) , I just don't think they're that special , thin glass in the rear window and a few styling tweaks , may as well just buy a 991 base and save £30k. The only thing is they did tend to come in more adventurous colours (yellow and Miami Blue mostly) which can't be said for the base or S models.
@stephenauty2402 like you say, buy the cheaper S and get a wrap and pocket the difference. They were just a marketing gimic car that for some reason people claimed were a cut price GT3. Which they most definitely aren't.
You make some great videos but I can't agree with some of this and you've missed the most obvious one of the lot. As a snapshot of the current UK market, right now on Autotrader there are 95 of 918 GT4 Caymans for sale and a further 14 RS models. I can't remember there ever being that many GT cars for sale of any other kind. Perhaps you didn't want to upset anyone at Porsche as they have so many to sell😊. However, all the GT4 models are brilliant cars and they represent great value for what they are there's no doubt about that, but they don't seem to be rare in the current market. People have been talking the values of the Cayman R up in the UK for years, never seems to happen and with so many GT4's on the go I'm not sure they will. At the end of the day it's all guess work, for me the faster everything reverts to normality the better. As others have mentioned perhaps they will go back to being enthusiasts cars, rather than for the short term flip brigade.
Total get the Elvis analogy Lee.... same this can be seen in the Vintage Veteran car market. its almost as if people are re-living their youth & buying what their Dads drove. Although I don't see the value of an Austin Maxi going up any time soon 🤣🤣🤣
Sound reasoning - although lots of these are collector cars already (allbeit the 964). Be Bold Lee. 986 Boxster S will go - especially 550's? Thoughts?
I'm curious to hear your opinion on the future value of the 987.2 2012 Cayman S Black Edition. It is a very limited edition of 500, has the Cayman R engine, and has been described as the touring version of the Cayman R. I never hear that car mentioned, actually.
The fact that an R and the 987.2 S are the same motor will keep all 987 prices flat and stable. The 981 GT4 is the sweet spot of all the Caymans right now as the GT4RS etc are all extremly expensive.
987 Cayan R sucks. Basiclly an 987S with a tune. 981 GT4 is by far the best bang for buck right now comapred to all the other manaul GT Porsches. I think those will climb in value as the years pass from how good overall they are to drive and how reliable they are.
You're speaking about production numbers...In that regard, I really don't get why the 981 GT4 would depreciate more than the 718 as there was more of this gen produced. I think the Rest of the appreciating and depreciating list is good but really don't get this one
Cayman R...yes, they're great, but it's the exact same motor as the S. You get a couple extra ponies from the exhaust, a suspension tweak, and save 100 pounds...IF you didn't add the stereo and air-conditioning back in! You might argue about the larger GT4 production run, but neither of these cars ups it's game over it's siblings to a comparable degree as an RS or something.
12:13 I completely disagree with you and yet agree with you at the same time. Your list is a 5 year list. It’s going to take another generation (20 years instead of 5) for the long hoods to depreciate. Another point I would make goes along with your point about numbers on the 964…. I would argue that absolutely ANY air cooled 911 will at minimum hold steady in value or go up from this point forward. As with time there’s fewer and fewer of them. The next resto mod trend might likely be the G bodies, so those will go up kinda like the 964 did (although maybe not as fast or as high as the 964).
I agree about the long hoods - they were already “old” when I got interested in cars, but I was pleasantly surprised when I finally drove one. Vintage but very capable. I think they will always be in demand as a usable collectible, and the best of their era to actually drive.
Great video as always but let's not forget what 911 ownership is all about.... Buy them and drive them. The biggest driver of depreciation in the coming years (UK) will be interest/ finance rates. That's good for enthusiasts and tough luck for all the speculators who took low finance rates on a speculative market. A tanking sorts car market is great news for drivers 👍
Thanks for the Porsche content… I love sports car porn. I prefer to drive the cars rather than putting them in a vault as an “investment “. Having said that - I think you should clarify future porsche values based on drivers vs. garage queens. Just my thoughts anyway.
People have been slaughtered on the 911 R, no one likes the ST. 991.2 GT3 Touring is a good bet. The 992 GT3 is going to pan badly, so many of them out there. Agree on the 991.1 GT3 RS - also remember that it doesn't have the great 4L NA engine that came out in the 991.2 GT3 and onwards. Solid review.
40th anniversary 2004? 911 numbered, millennial 911 numbered easy to say low production cars will probably bring more money but as far as production numbers period,., what about 2004 targa with good specs?
In the current market electric cars will be mainstream. My prediction is all porsches will go up in value. Drops will be temporary. Classics always will go up.... i follow you're reasoning but the market shows other signs....even all 996's go up even with a lott of miles.
Time will tell. Not sure why a 911r or gt3 touring would be considered any more special. I agree on the 4.0L and the 996 rs. Although the 4.0l already fetches big dollars. The gt2 is the only modern porsche I can see doubling from its current price in the next 5 years.
Will be interesting to see! 964 RS is my opinion overvalued car because most guys have never driven one! more or less the same as a normal C-2, and C-2 is nicer to drive than the RS,, RS did not even sell out when they were new back in 1992. So LWB that they will go down in value for newly restored cars? restore prices and we should not forget that C-2-4 cars get them backdated to LWB lock ST RSR, I think over time we will go for originality, history, color and so much more but time will tell! and this was the same with pre-ware cars but they are back again! but fully agree with the 992 and GTRS 3 cars 991 that prices will fall hard, and special raced ones will be hard to sell as all race cars are after racing! and not a good daily driver, made to race! 911 R yes spot on! then we have all the others as low production numbers 924 Turbo 1979, 944 Turbo 1988-1991, and the good 928 cars! as a nice sample of the series 1 as they are expensive to restore! and GT ! but still a 1973 RS stock new and restored get everybody to smile when you drive these cars! or 930 Turbo cars, it comes down to price, and find the one you like for the correct price as a nice 3,2 Carrera super nice car! Porsche is Porsche and will always be! Lee nice ideas do, and some will be correct! and thanks for your passion, I think everybody needs to find a car, that fits them and the prices! not if it goes up or down in price! don't see and be the owner of a Porsche just as an investment! Driving is very you find the investment and the community! a car for every wallet!
The reason why the Cayman R is cheap is because it amounts to springs, dampers, rear roll bar and alloy doors. That’s it. Oh and a remap. Really nothing else of significance. They didn’t even respec the suspension bushes or sort the mushy 987 brake pedal. R owners will obviously claim otherwise, but stick a 987.2 S on R springs and dampers, maybe swap in a lithium battery to make the weight difference negligible, and you’ve got exactly the same driving experience. 981 GT4 has way, way more going for it. At least with the 987 Spyder it looks substantially different to the stock Boxster. Cayman R has clearly underperformed the market and will continue to do so.
Right on the money, Cayman R is just a nice spec 987.2 S..... 981 GT4 are incredible cars, very well rounded GT car, all manual production, amazing sounding engine compared to a Carrera S (I've driven both) and you cant believe both cars have the same motor with the GT4 motor having so much more character all around.
Good video as allways 👍 lets remember that depreciation on some models is a good thing. These wonderfull cars should be more attanable for carlovers like us. Depreciation doesn’t mean these cars will vanish - and actually they will finally end up with owners who want’s to drive them instead of holding on to them for the money value….
Nice vid. Not sure I agree with the long-bonnet depreciation theory. Here in Aust they are going nuts. If the theory is that people who loved them are dying off, then why are the 356 models all increasing in value like crazy? I've been seachring for a decent 356 for years and not found what I've been after but every year that passes, they increase like there's no tomorrow and I regret I bummed around. I also believe there is a massive correlation between the new car and the first 911's and that will never change. My kids could immediately recognise any Porsche by its shape more so than any other brand thanks to that iconic shape. The old cars are just cool and they are always going to remain cool.
Darren - Thank you for posting! You saved me from bring this point forward! The gentleman's logic is complete bullocks!!!! Yes, 356s and early 911s are going nuts and never will come down. Youths readily identify the shapes and want them. I own a Miura, and that like early 911s and Speedsters, just keeps going up and up with youths having keen interest.
I’ve had two turbo S’ over the last 9 years. Sensational cars and I’ve loved every minute of ownership. I haven’t looked at the market for ages now. But I understand they’re pretty solid in value retention. Life’s too short for boring cars and I’d never ever buy a car/bike thinking it’s going to go up in value. That’s the reserve of the exclusive ‘Porsche’ customer. I gave up on the GT3 thing many moons ago…. 😊
Situation might be different in the UK but there were less than 80 981 GT4 delivered in Australia in a country of 25 million people. 11 currently for sale and only one of them is below the original retail price from 2015/16. Only two have carbon buckets. Only one has buckets and ceramics. The one without ceramics has ridiculous mods on it including a wing you can see from space. If you have the right spec, clean history, and no stupid mods, depreciation won't be an issue. If you have a GT4 with comfort seats and no options...yes depreciation will likely impact you more. Regarding cars that will appreciate, Lee is hardly putting his reputation on the line with those five choices. All are epic. Of course they will increase. I think if you have money in any flat six, manual gearbox Porsche in a desirable spec, you're pretty safe. If you have a tiptronic cabrio 996 or 986 boxster....sell!
Only 2500 981 Gt4’s were produced total which is hardly a huge number as plenty would of been ruined off that number too by now.
There is only around 500 in the uk again with population and how good they are I don’t see them depreciating much and a cayman r ever being more sought after.
The engine is ample too, it’s a decent Porsche engine hardly like it’s a vw lump in there!
Pretty weak reasoning calling a Gt car Porsche made not really a proper Gt car, I think Porsche are the ones to make the rule there.
Also the cayman R just has the basic Boxster s engine in doesn’t it?
@@mattlehec yes R has a slightly tuned S engine, can't see it ever commanding more money than a GT4.
Interesting to hear the low numbers in Australia of the 981. I just sold mine and had to take a haircut. None of the others above original retail price seem to have sold, despite Evo saying it was the best car in the world regardless of price, when it came out. There is nothing wrong with a Carrera S engine as that car was always a sweet spot in the range. One wonders about the epic GT4RS which has already sold around 140 cars in Australia apparently, with no more orders being taken.
They only produced 2500 2016/16 981 GT4''s no idea how many are left worldwide, I think they will stay strong. I do agree on the Cayman R.
Good video but would like to see you do these with a budget limit in place, so you can talk about more available cars budget wise, like
996 4S prices have been going up, 997 turbo manual cars, 1st gen caymen have gone up, not by loads all of these I know but they are already appreciating and much more obtainable for most people!
Sound reasoning on all. I think you’re right to focus on the numbers. I agree the long hood 911s are unlikely to continue their rise, but they will always be extremely cool cars. You’re spot on about 964s, but I’d include the 930s which are iconic. I’m the wrong side of 50, but I have noticed that younger enthusiasts are quite drawn to the classic 911.
Agree on the younger folks looking backwards not forwards on the cars.
Firstly - way too many GT cars on his list.
I think ALL the GT cars COULD take a hit in recessionary conditions and cheap money drying up.
Secondly - the classics / long hoods are MORE popular with the younger drivers NOT less.
Magnus Walker interviewed the 25 yr old kid that works for Rod Emery who took a 912 long hood and turned it into the “68 Special”. Watch the video.
My 16yr old and every one of his buddies thought that was the coolest thing they ever saw (and built by a 25 yr old…) who I can tell you without question could give a rats ass about anything modern or 991 / 992.
And backdating cars has never been more popular by all demographic Porsche enthusiasts.
I mean crap… it’s 90% of the reason the cult of air cooled beats the cult of water cooled 10 times out of 10. Then he picks only the 964. And everything else is water cooled but then has a classic air cooled as one of the few going down in value.
Except at every air cooled show it’s the classics and restomods where all the pictures are being taken.
And you are 100% that not one turbo despite Porsche being all about turbos… from 959’s to 930’s being the wall poster for everybody.
I’d pick the 993 Turbo as going up 50K a year over something like a 911R that’s already in the stratosphere of 650K USD plus already. These cars are already largely all gone to collectors substantially never to be seen again - so how do you disprove that one 😂
Only a handful will sell now in a year.
Yep. I had a low mileage 964 which I sold only for my son to declare it the coolest car on the planet 5 years after I sold it !
@@jeremy7818Agree. The other related point is that if you are interested in classic sports cars the long hood 911 and 912 are uniquely usable. I had the great experience of driving someone else’s 1973.5 911T - a car built when I was a toddler- and it impressed me with its immediacy and vintage charm. It was a brilliant drive. I would happily own one as a weekend toy. To me an MGA is basically a relic, and even my MGB wasn’t a car I’d trust on a trip. But a long hood 911 is magic. Not scary to own, great support, and it looks better every year.
Very enjoyable speculation. It is a hard call though, I can’t help wonder if the whole market is ludicrous right now and I do wonder if the bubble will burst as it did in the early 2000s when I was offered two unregistered XJ220s for £75k each (crying quietly)
I think you are right.
I see the 718 gt4, gt4 rs and Spyder coming down, but really like the Boxster 4.0 GTS given the lower numbers than the so called more special gt4 / Spyder cars. Agree in 992 touring, and 992 turbo loads of them for sale, 991.2 gt3 touring is a clever buy
There is a big supply of 718 GT4 cars. It doesn’t matter whether there won’t be a successor. If the next 911 has a larger displacement engine and shorter gear ratios, GT4 prices will be humbled.😊
Agree with you on the 964 and 996 GT3RS. One I would add long term say 5 plus years from now because of the limited production and short manufacturing period (22-24) is the GT4-RS. After 24 it will no longer be made with a combustion motor. Though they are over priced now by 75-85K, I think short term 12-14 months the price will drop but in 5 plus years low mileage rare color cars will fetch $500K plus.
Great video. We have a Boxster S and a Macan. I’ve loved Porsche since the first 911. Your video was interesting from start to finish. Well produced. It’s most compelling component was you. I’ve watched several of your videos because you come across as genuinely interested and well schooled and, as an authentically good guy I’d like in my Porsche group. Congratulations
As much as I agree on the 996 GT3 RS I really missed the 996 GT3 MK1:
-It is the ONLY "fried egg" gen1 car outside the normal Carrera range and therefore is the only 996 gen1 version with a proper drivetrain,
i.e. the Mezger engine, derived from the lengedary Le Mans Winning GT1 (who it shares eggs with btw. ;-)
-first road legal production car to ever to lap the Nürburgring in under 8 mins with Walter Röhrl behind the wheel
-lots of racing pedigree as Cup cars and so on
-very low production numbers with only 1868 being made
-on top: they were never sold in the US... And next year there will turn 25 years. So, what do you think? Shouldn't prices go through the roof over the next couple of years?
Such a tricky emotive video to do Lee - very brave - great insight as always 🙏🙏
I'm glad like with the Carrera GT before the price soared we have these other underrated Porsches to pick up while they're still accessible and affordable. Cars you mention like the 997 GT3 RS 4.0 and the 911R.
All joking aside, I'm not sure what it's like in the UK, but 997 GT3 RS cars are already mostly beyond (.1) and far beyond (.2) 991.1 values here in the U.S. There are nice 997.2 GT3 RS cars listed for over $400k USD right now.
Hi Lee, thanks for your video. I totally agree with you on your Elvis Presley analogy on many classic cars of a certain age going down in value, due to the age of the fanbase appreciating them. However in the case of the long hood early 911, I have to disagree, This is because many of the company's that modify/retro mod the 964 especially singer that you mention, backdate the cars into the long hood look and this has created a whole new and younger fanbase for that style car. PS we met and had a chat, at Porsche by the lake earlier in the year, so I hope my comment doesn't mean we have to fall out! LOL
Love your videos . I disagree about the 981 GT4 like many of the others here have said that one will go up in value ... Only 2500 made and it’s a very special car !
I think you're wrong about the 981 GT4. I see these staying steady at MSRP at a worse case or jumping up in 5 years. the 981 is far more rare and better in almost every way to a 718 cars. These are the last of the raw, manual, modern GT cars.
I’m not so sure about that. I’ve owned a GT4 and a 996 Gt3 and found the Gt4 to be tame and less eventful. The Gt4 is easier to drive fast though.
Interesting to see your take on up/down values of transaxle cars
Great video but don’t agree with 981 GT4’s going down in value.. we got 2500 in the US to begin with & who knows how many of them are on the road.. demand continues to be strong.. how do I know.. looked for a 981 GT4 for over 6 months but couldn’t find my spec & prices were crazy high..ended up with a 718 GT4..
I don’t agree with the early long bonnet 911 prices. It’s like saying an Aston DB5 or DB6 will crash because nobody remembers them. They are a different gravy and it’s about numbers, early 911’s will always bring strong money because there’s so few about
Great video, the only thing about the 911R is the front bumper, it’s the .1 shame it wasn’t the .2 the GT3 touring was a .2 and looks much better in my opinion.
I disagree about the 981 GT4, I personally prefer the 718 but I just can’t see 981 dropping much.
Can you please do a video about your thoughts on future prices of the 928, 944, & 968 ❤
No interest in the 'long bonnet' myself BUT I think you could be mistaken. Continuing your musical analogy opera and classical music are still massively popular, again not with myself, but as people age their tastes change and mature. Older people tend to appreciate the finer things in life and will pay a premium. So I'm not convinced about that and there is a limited pool. 987R won all the twin tests, back in then day. against the 1M BMW. They need to come down too ;-)
Here in the states, people bought up early to mid 80’s 911s like mad at ridiculous prices. They made so many of these that they were doomed to depreciate the second after they bought them. Now you’re starting to see them on many websites for sale as investors are dumping them as fast as they bought them.
You make good points, but I think you might have misjudged the longhoods. The 356 model is still very expensive and I suspect it will remain so. Similarly, the early 911's are not likely to lose their appeal, they will just be purchased by a younger generation of enthusiasts. Good videos Lee. Keep them coming.
As a 964 C2 seller, I hope the economy sorts itself out over the next 5 years because I couldn't find a buyer to see the potential value in my late/1993 C2, manual, Midnight Blue, stock/OEM+. Perhaps things will change now commentators are highlighting the dwindling numbers (circa 200 C2 manuals left in the UK). Let's come back in 5 years and check your score!
I am a previous 964 RS owner that sold for less than £30k in the 90's. 😢😢
Evo in 2020 re tested a 987.2 Spyder (so like a Cayman R) they gave it 5 stars and summarised by saying that they can’t with confidence say they’ve enjoyed another Porsche more! - There will be those that totally get why that is and those that don’t and the later are likely to be the ones whose enjoyment comes as much from saying what they own and there’s no harm in that but not everyone looks at cars from that perspective
Of course all the Porsche SUVs and 4 doors will depreciate the most without question but i get the points made.
I hope your right about the 981 GT4. Right up until I buy one then hopefully there is a reversal 💰 💰 😂
I will save 18 minutes of your life. All the elite Porsche models that were unaffordable when new will go up in value.
What do you think of the 997.2 GTS values going forward?
Manuals will, can't see PDKs though
Time to start saving for some of those depreciating models and jump in in 2-5 yrs...🥳
The Porsche 997 turbo Gen 1.5 manual is a car I think is gonna appreciate in the future. Only 50 manuals if I’m not wrong were manufactured for the UK market and it’s the last 911 turbo to come with a manual gearbox they’re rocketing in price in America.
The 997.2 turbo is the last manual…. 488 produced
@@dp_NYC forgot to mention last manual with a Medger engine, yes you’re right 997.2 came with a limited amount of manuals too
I own 2 f-model cars and im 31 years old. Would never trade them for newer cars. Have driven newer 718 gts, taycans, newer 911 turbos, etc. The new cars is a mix of driving a tesla and playing playstation games. No feeling at all. So disagree on that point. 😊
All of your insights seem spot on. I would add 981 Spyder to the appreciation category, Porsche having made less than 1000.
I agree - but just to notice: Porsche build almost 2'5k 981 Spyder - still not much...
My worry is that the spyder for the 981 wasn’t a true GT product. Even though I love the engine and looks. The brakes and front end suspension are boxster GTS bits. Love that car overall though and they are rare indeed
As an early USA GT4RS owner (like me most of us payed $50k give or take over MSRP. Where are the production numbers gonna end and what will likely happen to the GT4RS values over the next five years. Following that question, where will the Spider GR4RS values and production numbers fall. I’m confident the $50k +/- over MSRP needs to be included in the Spider five year valuation prediction.
people who open brackets ( but never close them ) are something else
What about the 718 GT4, what will happen to those prices?
I think these are the ones that’ll go up in value even more.
•2022 992 911 Sally Special
•2018 993 911 Turbo S Project Gold
•911 GT1
•1987 959
•991.2 935
•992 GT3 R Rennsport
•997 & 991 911 GT2-RS
•Any Speedster/Sport Classic/Darkar
Lee, thoughts on a 991.1 GT3? Safe place to put money at the moment. G SERIES engined cars
I bought a 24 GT3 couple months ago Whats your thought on that model?
All of them appreciate constantly if you haven’t noticed yet. All air cooled went up in the last 10 years at least 4 times more. The 997 rs4.0 is 2.5x but rather 3x more so the 991R as well. So it’s not will it’s happening.
Great stuff Lee. Thoughts on the 3.2 Carrera market?
They're never going to go down in price ..such an icon as much as any 911
Depends on county. Considering France and their co2 tax that was 10500€ in 2019, 20000€ in 2020, 50000€in 2023 and 60000€ in 2024 the local market for 992 will not drop a lot due to that crazy tax raise. Maybe for older yes it will stop to raise.
I always thought the rarest 996 would go up😊 I wonder what the real ceiling will be.
What are your thoughts on the Porsche 991.2 Carrera 4 GTS British Legends Edition, Derek Bell version (with a manual gearbox). Only 15 ever made, to celebrate Porsche’s victories at Le Mans?
Great presentation, as usual. One can’t argue about the obvious models you mentioned (997 gt3RS4, 996 GT cars, 991R and 997’s GT3 RS’s in general) However I have my doubts about the 964’s. I believe restomoders selected that model because at the time they were cheap and unwanted, hence easy to get. Hence the demand has been created artificially (so to speak). I believe the 964 thing is more a fad, in my opinion.
Can’t argue about 992 and to an extent 991 as there’s 1000’s of them.
But again, great presentation.
I have a 964 C2 from 1993, I will then keep it at least 5 more years! 😅
Your Elvis Presley example is very poorly considered when applying it to long bonnet 911's. Early rolex daytonas, classic ferraris even pre-war classic cars all highlight how scarcity, heritage and excellent companies with fantastic moats continue to hold/push theses asset prices upwards. Long term - the reduced operating complexities of these long bonnets make it a fantastic proposition for future use. Compare that to any modern classic and you'll find the hundreds of complex modules and can bus wiring systems will render these cars prohibitively expensive to maintain.
How about the 991.2 Carrera T? Underrated, and there are less out there compared to any GT3 product. Especially if you focus on manuals only.
Completely over valued car. I can buy a 991.2 gts for less money which us a much better car. The T is not a cut price gt3 . The gts is better specced better performance better to drive and used is cheaper. The T will drop in value.
lol, ok boss…whatever you say.
@snapp318man yes, that's howopinions work. Its what i say. Please tell me how a slower, less well equipped less capable car is worth more than a gts? Seeing as you are the oracle we are all dying to know.
Carrera T's prices have just started to fall and they're more for sale which adds to the problem (or not if you want one) , I just don't think they're that special , thin glass in the rear window and a few styling tweaks , may as well just buy a 991 base and save £30k. The only thing is they did tend to come in more adventurous colours (yellow and Miami Blue mostly) which can't be said for the base or S models.
@stephenauty2402 like you say, buy the cheaper S and get a wrap and pocket the difference. They were just a marketing gimic car that for some reason people claimed were a cut price GT3. Which they most definitely aren't.
Boxster yet to have its day, it will come. Limited edition run out models will do well.
Can you opine on the future appreciation potential in the USA of a manual 996 turbo hardtop? I like these.
Early Turbos look good value against the overinflated G Bodies! A little more cash gets you some epic!
You make some great videos but I can't agree with some of this and you've missed the most obvious one of the lot. As a snapshot of the current UK market, right now on Autotrader there are 95 of 918 GT4 Caymans for sale and a further 14 RS models. I can't remember there ever being that many GT cars for sale of any other kind. Perhaps you didn't want to upset anyone at Porsche as they have so many to sell😊.
However, all the GT4 models are brilliant cars and they represent great value for what they are there's no doubt about that, but they don't seem to be rare in the current market.
People have been talking the values of the Cayman R up in the UK for years, never seems to happen and with so many GT4's on the go I'm not sure they will.
At the end of the day it's all guess work, for me the faster everything reverts to normality the better. As others have mentioned perhaps they will go back to being enthusiasts cars, rather than for the short term flip brigade.
Total get the Elvis analogy Lee.... same this can be seen in the Vintage Veteran car market. its almost as if people are re-living their youth & buying what their Dads drove. Although I don't see the value of an Austin Maxi going up any time soon 🤣🤣🤣
Sound reasoning - although lots of these are collector cars already (allbeit the 964). Be Bold Lee. 986 Boxster S will go - especially 550's? Thoughts?
Thoughts on 991.2 manual C4S value over next 5 years?
Down, slightly.
well not shit the 996 RS, RS 4.0 and 911R are going up. Everyone could predict this.
If it's a numbers game what about the 996.2 GT3 Clubsport (M003)? There are fewer of those than RS's..
Predictions, predictions. As you say, a bit of fun. Just as well!😂
I’m afraid I think they’re all going DOWN for the next couple of years, even with some people trying to talk up certain models.
What? how about my 1999 12/98 production date 996!??? LOL. Great video! Agreed with all your picks especially the 964's one.
Great video as always Lee but have you thought about including the 98X models? If you do you may find your following doubles.
..well done mate. Have to agree what you pointed out 👍
Gt4RS. No doubt.
I'm curious to hear your opinion on the future value of the 987.2 2012 Cayman S Black Edition. It is a very limited edition of 500, has the Cayman R engine, and has been described as the touring version of the Cayman R. I never hear that car mentioned, actually.
The fact that an R and the 987.2 S are the same motor will keep all 987 prices flat and stable. The 981 GT4 is the sweet spot of all the Caymans right now as the GT4RS etc are all extremly expensive.
Not sure about Cayman R. Yes it is rare, but it is not that special and does not differ that much from Cayman S
987 Cayan R sucks. Basiclly an 987S with a tune. 981 GT4 is by far the best bang for buck right now comapred to all the other manaul GT Porsches. I think those will climb in value as the years pass from how good overall they are to drive and how reliable they are.
You're speaking about production numbers...In that regard, I really don't get why the 981 GT4 would depreciate more than the 718 as there was more of this gen produced. I think the Rest of the appreciating and depreciating list is good but really don't get this one
great speculation. I have a few thoughts myself.
Mostly agree. But you forgot the 991.2 Speedster, it will go up.
Cayman R...yes, they're great, but it's the exact same motor as the S. You get a couple extra ponies from the exhaust, a suspension tweak, and save 100 pounds...IF you didn't add the stereo and air-conditioning back in! You might argue about the larger GT4 production run, but neither of these cars ups it's game over it's siblings to a comparable degree as an RS or something.
Exactly this that crystal ball of Amazon must be amazing 😂
Still waiting for GT4s to come down in price. The cheapest 2016 in any condition is still hovering around original MSRP nearly 8 years later.
As long as you drive them other wise where is the value don’t forget we do not live forever 😊
Well I’m gonna be skint in 5 years as I have 3 of the cars that you think are on their way down 😢 Dakar. 992 touring & 991RS . Thank 🤪
Nope Porsche has announced a 25% increase across the whole spectrum of vehicles. That will continue to drive sales prices up!
Where do you see a 2009 997 Turbo manual going in value over the next 5 years? Limited production and a blast to drive.
It all depends on mileage, number of owners, spec and condition.
12:13
I completely disagree with you and yet agree with you at the same time. Your list is a 5 year list. It’s going to take another generation (20 years instead of 5) for the long hoods to depreciate.
Another point I would make goes along with your point about numbers on the 964….
I would argue that absolutely ANY air cooled 911 will at minimum hold steady in value or go up from this point forward. As with time there’s fewer and fewer of them. The next resto mod trend might likely be the G bodies, so those will go up kinda like the 964 did (although maybe not as fast or as high as the 964).
I agree about the long hoods - they were already “old” when I got interested in cars, but I was pleasantly surprised when I finally drove one. Vintage but very capable. I think they will always be in demand as a usable collectible, and the best of their era to actually drive.
Was expecting 991.1 carrera S to be on depreciating list. I'm not complaining that it wasn't however 👀
Great video as always but let's not forget what 911 ownership is all about....
Buy them and drive them.
The biggest driver of depreciation in the coming years (UK) will be interest/ finance rates. That's good for enthusiasts and tough luck for all the speculators who took low finance rates on a speculative market.
A tanking sorts car market is great news for drivers 👍
Thanks for the Porsche content… I love sports car porn. I prefer to drive the cars rather than putting them in a vault as an “investment “. Having said that - I think you should clarify future porsche values based on drivers vs. garage queens. Just my thoughts anyway.
What is your feeling on the 2024 GT4 RS?
1997 996 #FTW always a winner
The pre 74 will hold for a long time yet.
Probably gonna go just in the oppsoite direction:))))
You forgot the Porsche 928 GT!
Good content, agree with all.
People have been slaughtered on the 911 R, no one likes the ST. 991.2 GT3 Touring is a good bet. The 992 GT3 is going to pan badly, so many of them out there. Agree on the 991.1 GT3 RS - also remember that it doesn't have the great 4L NA engine that came out in the 991.2 GT3 and onwards. Solid review.
spyder rs thoughts?
Alas my lil 991.1 s never gets a mention on any of these posts either way, seem to be very "vanilla" on it .OOh well, i still think it's a great car.
Yes. 2015 991.1 S Cab here. Holding value. Natural aspiration. It will hold. Probably never go up much but not crater either for at least 20 years.
40th anniversary 2004? 911 numbered, millennial 911 numbered easy to say low production cars will probably bring more money but as far as production numbers period,., what about 2004 targa with good specs?
What’s your thoughts on the 993?
It's a better 964, the last and best air-cooled.
@@alistairgordon3291 more on values going forward??
What’s up Lee ,I can listen to you talk about Porsche for days
Where's the love for the plain Jane 996.1 cars?
In the current market electric cars will be mainstream. My prediction is all porsches will go up in value. Drops will be temporary. Classics always will go up.... i follow you're reasoning but the market shows other signs....even all 996's go up even with a lott of miles.
Not just the 987.2 R, but the 987.2 S Manual as well - in that combo - will have some staying power and they are pretty darn rare here in the states.
What about 997 gt2? 1200 odd only made
Correct, I had 1240 in mind.
It’s a weird one, the GT2… Mezger engine but didn’t race in anything… it falls between a weird crack in the pavement for me.
Time will tell. Not sure why a 911r or gt3 touring would be considered any more special. I agree on the 4.0L and the 996 rs. Although the 4.0l already fetches big dollars.
The gt2 is the only modern porsche I can see doubling from its current price in the next 5 years.
I only bought mine to drive!
Will be interesting to see! 964 RS is my opinion overvalued car because most guys have never driven one! more or less the same as a normal C-2, and C-2 is nicer to drive than the RS,, RS did not even sell out when they were new back in 1992. So LWB that they will go down in value for newly restored cars? restore prices and we should not forget that C-2-4 cars get them backdated to LWB lock ST RSR, I think over time we will go for originality, history, color and so much more but time will tell! and this was the same with pre-ware cars but they are back again! but fully agree with the 992 and GTRS 3 cars 991 that prices will fall hard, and special raced ones will be hard to sell as all race cars are after racing! and not a good daily driver, made to race! 911 R yes spot on! then we have all the others as low production numbers 924 Turbo 1979, 944 Turbo 1988-1991, and the good 928 cars! as a nice sample of the series 1 as they are expensive to restore! and GT ! but still a 1973 RS stock new and restored get everybody to smile when you drive these cars! or 930 Turbo cars, it comes down to price, and find the one you like for the correct price as a nice 3,2 Carrera super nice car! Porsche is Porsche and will always be! Lee nice ideas do, and some will be correct! and thanks for your passion, I think everybody needs to find a car, that fits them and the prices! not if it goes up or down in price! don't see and be the owner of a Porsche just as an investment! Driving is very you find the investment and the community! a car for every wallet!
Where are 997.2 GT3 3.8 values going? 🤔
The reason why the Cayman R is cheap is because it amounts to springs, dampers, rear roll bar and alloy doors. That’s it. Oh and a remap. Really nothing else of significance. They didn’t even respec the suspension bushes or sort the mushy 987 brake pedal. R owners will obviously claim otherwise, but stick a 987.2 S on R springs and dampers, maybe swap in a lithium battery to make the weight difference negligible, and you’ve got exactly the same driving experience. 981 GT4 has way, way more going for it. At least with the 987 Spyder it looks substantially different to the stock Boxster. Cayman R has clearly underperformed the market and will continue to do so.
Right on the money, Cayman R is just a nice spec 987.2 S.....
981 GT4 are incredible cars, very well rounded GT car, all manual production, amazing sounding engine compared to a Carrera S (I've driven both) and you cant believe both cars have the same motor with the GT4 motor having so much more character all around.
981 GT4 only one way their prices will go......north.
What about a 997.1 GT3 Cup?