2024 Porsche Panamera Spy Shots

Any 718 is an investment right now with it going EV for MY25. The GT4 and GTS 4.0 would be the best of those two.

And of course the GT3 Touring. Next one coming is the 911 Sport Classic, but good luck getting one.

I assure you I’m not getting one of these :slight_smile:

Your loss. They are easily the best handling cars Porsche makes right now.

Cars are depreciating (usually) assets, not investments.

My dealer has a beautiful red manual GTS right now. It’s a shame I can’t fit in them

1 Like

Porsche is the unusual one on some of their models.

1 Like

Everyone I’ve known who’s had one has loved it.

I am not questioning the appeal, it’s just not what would meet my needs/wants.

I beg to differ. Sure outliers like the CGT or 997 RS 4.0 ran up in value, but you can’t interpret those.

Everyone lately seems to love talking about 997 GT values, so…

Ask the guy who paid sticker for his 997.1 GT3 and proudly owns it today how his investment is doing.

An MSRP of $130k in 2007 dollars = $181k in todays dollars. Factor in sales tax and 15 years of insurance, registration, maintenance, storage etc. and total ownership cost is well north of $200k in todays dollars.

Last time I checked 997.1 GT3s are hovering in the low $100s. Great car, terrible investment.

ā€œBut that’s just a GT3. the .2 RS is the real investmentā€. Same scenario, $170k in 2011 = $220k in todays dollars. Again, sales tax and 11 years of insurance, registration, maintenance, storage etc. and total ownership cost is certainly eclipsing the low-mid $200s which is what they seem to be transacting at in this market. Breaking even at best on an investment over an 11 year time horizon doesn’t sound that great to me.

Bottom line, cars are not an investment no matter what way you try and slice it.

Stuttgart’s finest or not - cars have been and always will be assets that - more often than not - depreciate.

6 Likes

That’s a fair assessment, but you don’t have to go back that far in time.

991.2 GT3 and GT2, 992 GT3, Cayman GT4, RS, and some Turbo S’s. Acquired at MSRP, these are all selling for well over MSRP. It’s a profit even with inflation, maintenance and insurance. But as you point out time is a factor and I think for the ā€œinvestmentā€ to work, it needs to be sold within a year or so.

I do see your point and do agree the process can be a valid arbitrage play if the stars align, but you really can’t consider any car an investment.

Cars have and forever will be a replaceable tool, a tangible object, and will continue to be outshined by the latest and greatest or better and faster. The older models will continue to require overhead costs to maintain and keep while the market value will deflate as the clock ticks on. It’s just the way it is.

The prior time horizon examples posted were certainly simplified, but don’t forget when a couple year old 991.2 GT3s and RSs were changing hands at or less than sticker before the used car rocket took off. Furthermore, Turbo S’s are widely known for their ridiculous depreciation curves and all of a sudden that’s now inverted…talk about an abnormality.

There’s no doubt flipping can be profitable if done under certain circumstances, but it is far from saying cars are an investment. Just because the market got shaken up and is now operating inefficiently does not allow for the reclassification of a deprecating asset into an investment.

The recent rhetoric of expecting a 2/3/4/5/10+ year old car to appreciate in 6mo which will then allow the buyer to capitalize on their purchase needs to stop - and it will stop when the rocket runs out of $10/gal gas.

1 Like

Breaking even on a usually depreciating asset, that’s a good one for me.

2 Likes

I agree these cars are not a good ā€œinvestmentā€. But if you compare this to other cars or other luxury items that would have depreciated much quicker, then you can come out better.

The comparison needs to be to what you would have alternatively bought or spent the money on, not what could have made you the most money in the meantime.

Buying assets to enjoy is part of life, and you can still make better financial decisions on which assets those are. So if you came out of this car with a 30% loss compared to another at a 50% loss. It can still be considered a good ā€œinvestmentā€ for you.

Different strokes for different folks.

You can enjoy breaking even on your six figure investment vehicle.

Others can enjoy a 7%+ (S&P = 8.33% 2011-2022) annualized rate of return on their equity investment over the same timeframe.

Coming out with an additional $100k - $150k is a good one for me.

Certainly agreed. Not debating the fact you should skip the vehicle by any means, but rather pointing out that cars and actual investments (equities, for example) are not one in the same.

Buy the car irrespective of return and enjoy it. Period.

1 Like

I enjoy what I drive. If I can break even or turn a slight profit on a car, that’s a win.

I don’t dump my entire income and net worth into GT3s…

Absolutely. I am fairly certain that everyone on this board tries to accomplish that, myself included.

But the point here is rebutting the investment approach, not the cost aspect.

people play all kinds of games to make themselves feel good about consumption choices.

same thing with houses. people blatantly ignore the thousands upon thousands in property tax and upkeep among other expenses to say they ā€œmadeā€ x amount on their house ownership.

2 Likes

Recently dropped again to $99,900.

3 Likes

Jump on it! :laughing: Haven’t you been salivating over a Panamera for quite some time? I’ve never experienced one firsthand, but I’ve always been intrigued since their release. I’m also a big fan of Porsche.

1 Like

5k under auction

4 Likes

if this doesnt scream recession (4 year old car, probably sat there a while, w a gas guzzler v8), i dont know what does…