993 Turbo | FerrariChat

993 Turbo

Discussion in 'Porsche' started by Canine64, Jul 28, 2013.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. Canine64

    Canine64 Formula Junior

    Dec 18, 2005
    303
    I have always been a P Car guy but have never had the pleasure of owning a 993 Turbo. I love the fact that the air-cooled values are going thru the roof. I currently own a 996 Cup for the track and a 2004 F360 Modena for my weekend car.

    So, I am struggling with the thought of dumping the 360 and picking up a 993 Turbo. There is absolutely nothing wrong with the 360 and I enjoy driving it. However, it seems that with every passing mile, the value of the car goes down a bit. I paid top dollar for the car last year and have no clue where the bottom may be with the 360s (the car has 16,000 miles on it). Since I have a company car and live in the snowy Northeast, I usually put about 3,000 miles per year on my "fun" cars.

    The 993 Turbo can still be had for a decent amount and appears that it will only go up. I realize that cars are normally not investments and depreciate. The thought of buying a way cool car and having it increase in value is just so intriguing. Looking for some wisdom from the Fchat brain trust.

    Thanks,

    Mike
     
  2. BMW.SauberF1Team

    BMW.SauberF1Team F1 World Champ

    Dec 4, 2004
    14,550
    FL
    Outside of outliers like the McLaren F1, most cars won't appreciate much. Especially when you take into consideration taxes, registration, insurance, maintenance, etc. You'll break even or make a little bit, but you'd make more return on your investment elsewhere.

    There was a thread about that in the supercars section saying how even the F40 just managed to breakeven when taking into consideration inflation. I'd say drive the car and if you like it, go for it. I love the looks of the 993TT and would love to have one myself one day.
     
  3. Renato

    Renato Formula Junior

    Apr 14, 2013
    553
    New York
    I really believe that the 993 Turbos are going nowhere but up, as was the last air cooled turbo. Would love to have one someday, but I'm sure they will be out if reach for me, and many, very soon.
     
  4. bbs911

    bbs911 Formula Junior

    May 31, 2007
    590
    Dallas
    Responded on rennlist. I'm bbs993tt over there.
     
  5. Shark01

    Shark01 F1 Veteran

    Jun 25, 2005
    6,564
    The bottom on 360s? Probably where the 355s sit, $50-$60k.

    I came close to buying a 993 Turbo 8-9 years ago. The 50k+ mile cars are selling for the same thing they did then $60-$75k. Its the 0-10k mile cars that have appreciated, many of those go for $120k+

    I think the 20-40k mile cars offer the best value right now.

    Agree is a smarter financial move to get a 993TT.
     
  6. Canine64

    Canine64 Formula Junior

    Dec 18, 2005
    303
    Quick update: just missed out on two 993 Turbos that both sold within the last 24 hours. My mechanic told me I dodged a bullet as he absolutely hates the 993. Told me to go 1994 Turbo 3.6 .

    Found a spectacular 3.6 and just waiting to hear back from seller. So utterly confused......
     
  7. Finlander

    Finlander Formula 3
    Rossa Subscribed

    Feb 12, 2012
    2,383
    Sunshine State
    What in particular does he hate about the 993? .... I dont own one, just curious.

    The 964 is one of the sexiest models IMO....I support your decision and am curious to see what you get....good luck.
     
  8. DM18

    DM18 F1 Rookie

    Apr 29, 2005
    4,725
    Hong Kong
    Completely agree with your mechanic (flame suit on). Who wants the first 4 wheel drive Turbo???
     
  9. Shark01

    Shark01 F1 Veteran

    Jun 25, 2005
    6,564
    Well the 3.6 would be a better investment....at the expense of 45 less hp.....but the mechanic is full of something smelly if he thinks there is a big difference in running costs.
     
  10. MM355

    MM355 Formula 3

    Apr 7, 2008
    1,152
    GMT + 3
    993 is less costly to run, in regards to 45 you can easily gain that with a .9 boost springs, cat delete and headers on a 3.6
     
  11. Canine64

    Canine64 Formula Junior

    Dec 18, 2005
    303
    Well respected wrench in the NE. Told me he really feels that the 993 Turbos spend a lot more time in his shop. He has 11 customers who own them. Says I should be prepared to spend $5-8k every year---964 Turbo 3.6 is the best Porsche street car ever made. Who knows? Everyone has opinion....
     
  12. bbs911

    bbs911 Formula Junior

    May 31, 2007
    590
    Dallas
    Really? I've never spent anywhere close to that on mine.
     
  13. Canine64

    Canine64 Formula Junior

    Dec 18, 2005
    303
    So very confused. So much so that I may just have to "slum it" in the 360. Lol... As my brother just told me I have such 1st World problems.

    There are some amazing 993 Turbos out there and I really do love the look. The 964 Turbo 3.6 I found is now out of the question as the seller is "accepting offers" and allegedly recently turned down an offer of $125k. For an "off" color with 30,000 miles!!! Ugh.....

    So, basically back to square one. I would imagine the value in any 964 Turbo or 993 Turbo is one in stock form. Any thoughts? What about a heavily modded car with all the "right" mods? I know of an amazingly unique car that has over 6 figures of mods in it. I would imagine that some cars are better than others---just like with the Fiat.

    Thanks for all your advice!!!

    Mike
     
  14. Shark01

    Shark01 F1 Veteran

    Jun 25, 2005
    6,564
    You're going to pay more for a 50k mile 3.6 than a 50k 993TT.....just the way it is

    Now I personally think that is justified by the difference in appreciation potential, primarily due to production numbers (over 4:1 ratio), and secondarily due to the last traditional upright headlights, 2WD, and the snap boost.

    Be prepared to shell out $90k for a decent 3.6.

    Would I want a car with $100k of mods? No.....God no.

    Some minor, reversable tweaks? Maybe, but if you're going for speed look into a 996TT. Sounds like you want a collectible though.
     
  15. Craigy

    Craigy Formula 3

    Mar 19, 2006
    1,679
    Louisiana
    Full Name:
    Craigy
    959?
     
  16. bbs911

    bbs911 Formula Junior

    May 31, 2007
    590
    Dallas
    First, I think you're right in that the value is in stock form. Regarding mods, I think it all depends on what mods were done and who did them. For example, Ruf or Andial mods carry a lot more clout than most others. That said, I wouldn't want to be the one who buys a car, does six figures in mods and then plans to sell it at some point because you'll get about 1/2 of your mod money back. Now, if the mods are well respected and you can buy them for 1/2 of what a seller put into them? That's a better situation.
     
  17. Shorn355

    Shorn355 F1 Veteran
    Rossa Subscribed

    Jan 13, 2011
    6,882
    Colorado
    Full Name:
    Scott
    W.A.D.R. your mechanic is an idiot - 993TTs are regarded as just about the pinnacle of the Turbo era - sick fast, rock-solid, dependable, stunningly beautiful, AWD and going nowhere but up in value. 94 Turbo 3.6s build quality is crap compared to a 993 and ALL 964s - especially the Turbo 3.6s are well-documented for oil leaks and other issues.

    964 Turbo's are pretty and a black 3.6 "Bad Boys" car is always desireable but anyone that advises a 964-series anything over a 993-series anything needs to check into a program.

    Cheers
     
  18. Shorn355

    Shorn355 F1 Veteran
    Rossa Subscribed

    Jan 13, 2011
    6,882
    Colorado
    Full Name:
    Scott
    Mike - Is your 360 a 3-pedal car or F1? IMO this will eventually drive the value spread a bit for 360s so is a bit of a factor. Rough numbers for 360s is 3x+ the number of F1s vs manuals (2200-ish mauals vs 6000+ish F1s) so a 3-pedal 360 will flatten and hold quicker than an F1.

    Although I am presently an F-Car owner (x2) I previously owned Porsches and would think you cannot go wrong dumping the 360 for a 993 TT. Worst-case is you find you don't like the Porsche so you sell it not losing any money and then go Ferrari shopping again :)
     
  19. henryr

    henryr Two Time F1 World Champ
    Silver Subscribed

    Nov 10, 2003
    22,476
    Atlanta
    Full Name:
    Juan Sánchez Villa-L
    i had a 96TT that i sold with 74k miles on it last summer. it was more expensive to maintain than my 575.........
     
  20. Shorn355

    Shorn355 F1 Veteran
    Rossa Subscribed

    Jan 13, 2011
    6,882
    Colorado
    Full Name:
    Scott
    Yeah that does not surprise me - Ferrari's get such a bad rap for maintenance but many are about the same as 911s - especially Turbos. My guess is his maintenance costs will be a wash or if anything more for the 993TT versus the 360 but the 993TT is going up while the 360 is going down.

    Also, if the 360 is not flipping his buttons and the 993TT does then switch! The only reason to own/drive these cars is to take your breath away looking at them and driving them. Neither are anything significant from an investment standpoint so it's all about passion and cost management IMO.

    Hell I am thinking of swapping out my TR for a Maser Granturismo - talk about crazy :)
     
  21. DM18

    DM18 F1 Rookie

    Apr 29, 2005
    4,725
    Hong Kong
    book me a place in a program. i would take a 3.6 or S Leichtbau over a 4-wheel drive 993 turbo in a heartbeat
     
  22. parkerfe

    parkerfe F1 World Champ

    Sep 4, 2001
    12,887
    Cumming, Georgia
    Full Name:
    Franklin E. Parker
    But, the 964 turbo 3.6 is the last and best of the rear wheel drive 911 turbos and much more exciting to drive than the 993 turbo with its awd. And with these type cars, the excitement of the drive is why you buy it in the first place.
     
  23. henryr

    henryr Two Time F1 World Champ
    Silver Subscribed

    Nov 10, 2003
    22,476
    Atlanta
    Full Name:
    Juan Sánchez Villa-L
    last nice 3.6 a saw was $100k asking.....

    seems like the go up by the day.

    don't think u can go wrong with any of the air cooled turbos
     
  24. Canine64

    Canine64 Formula Junior

    Dec 18, 2005
    303
    Totally agree, but the 993 still is in play. Love the thrill of the chase.

    Unfortunately the 360 is an F1. Probably best to try to sell outright as a dealer threw a number at me recently that almost made my head explode. And I thought some of my old P cars depreciated......

    I will formalize an ad and place it for sale ASAP. It is a stunning car that I just bought 8 months ago from CNC. I've only put 700 miles on it. Pretty sad, huh?
     
  25. MM355

    MM355 Formula 3

    Apr 7, 2008
    1,152
    GMT + 3
    Likewise, 3.6 classic 911 line's and a monster of a car. I like 993 but prefer the Turbo 3.6 over it and thats why I own one instead of a 993 Turbo.
     

Share This Page