will C63 AMGs go the same way as 911 996?

[Dizwen]

More of a used car market watch question really. Porsche sold bucket loads of 996 911. So many that the values dropped to the point that they became "cheap" and you could pick them up for 8-9k at one point. I know prices have started to rise but all the same...

So, with the C63 being sold in large numbers will the "standard" 63 go the same way? Will it fall to the point where the used market is over supplied and prices just tumble in a few years?

I expect DR520 and other special editions etc... To be like 996 turbos, values only going one way, but standard C63s?

What do you think?

 

[tonyg1987]

on the contrary i think as manufacturers continue to push for smaller turbocharged engines, the big n/a v8 will become more sought after, obviously dependant upon market prices, price of fuel, insurance, road tax etc. and appetite for demand and behaviour of current owners (supply)

IMO it will hold its price better, reduced depreciation factor and potentially later on for the price to increase.

 

[edc]

I think it's a certainty. C55 which is a "rarer" car is in the £8-15k range at 10 years old.

 

[John Jones Jr]

Op, you are not really comparing like with like. One's a rapid saloon with a V8 and the other is rapid sports car which has a poor rep on reliability and is far from being the best looking 911 either.

I'd have more faith in buying an eight to nine grand C63 than an 996 at the same money. In actual fact I couldn't imagine myself touching an 996 at the bottom end of the market. Having said that it doesn't answer your question because I don't know.

Still, I reckon the C63 is where the wiser money goes, provided you're not in the market solely for a sports car.

 

[StuartK]

I think the C63 will one day be a classic just because of the displacement and let's face it as far as saloon cars go it must be one of the lat big V8's

 

[cfoster]

As Stuart above says one day it will be a classic, just not yet, still loads on the road at the moment. You'd have to keep it 10+ years or more i'd say at least. As much as I love mine I can't see me having it in 10 years time!

 

[def90cars]

As Stuart above says one day it will be a classic, just not yet, still loads on the road at the moment. You'd have to keep it 10+ years or more i'd say at least. As much as I love mine I can't see me having it in 10 years time!

That's why you need tow C63's.... one to keep, one to drive.

 

[StuartK]

That's why you need tow C63's.... one to keep, one to drive.

What you need is a 507 edition I think that will be the one to watch.

 

[JohnBell]

That's why you need tow C63's.... one to keep, one to drive.

You only have one, the other is a c40 ;0)

 

[sjmaxwell]

I think like all cars it will depreciate until supply and demand kick in for good ones, and then for a while the rubbish ones will be worthless until the model become rare BUT it will be years down the road. Just look at the values for old MK1 ford escorts!

 

[cfoster]

That's why you need tow C63's.... one to keep, one to drive.

haha true, wish I kept all of the old Mk2 escorts, sierra cosworths and escort cosworths I have owned over the years, they have rocketed in recent times!

 

[Mr Kripling]

Everyone likes to think that the car they own might be a future classic. However, my view that thinking of any sort of car as an investment is a mug's game.

Let's assume you get hold of a current C63 for £26,000 today and in 8 years' time values have appreciated to £35,000 - a 35% increase.

Obviously, you'll need to have it serviced to maintain its value so assume a service every two years and £350 for an A and £450 for a B. VED will be £505/year and let's assume insurance at the same rate.

Even with no other costs factored in, your IRR after 8 years will be 1.44%. Even if the value of the car doubles in that time, the IRR only goes up to 7.15%.

A complete waste of time, in my opinion.

 

[stevebgt1]

What you need is a 507 edition I think that will be the one to watch.

507`s, Black Series and high spec PPP`s will hold a lot better than standard cars.

 

[John Jones Jr]

Everyone likes to think that the car they own might be a future classic. However, my view that thinking of any sort of car as an investment is a mug's game.

Let's assume you get hold of a current C63 for £26,000 today and in 8 years' time values have appreciated to £35,000 - a 35% increase.

Obviously, you'll need to have it serviced to maintain its value so assume a service every two years and £350 for an A and £450 for a B. VED will be £505/year and let's assume insurance at the same rate.

Even with no other costs factored in, your IRR after 8 years will be 1.44%. Even if the value of the car doubles in that time, the IRR only goes up to 7.15%.

A complete waste of time, in my opinion.

It's worse than that as it could take eighteen years or even twenty eight years and by that time who knows what the market for classics will be like. Petrol supply just on it's own could be a major issue, never mind government policies of the future on old cars, especially I.C. engined cars.

Enjoy it now while you can

 

[automaniaman]

Unless you have a mint low mileage, low owner, top spec model and wrap it in a bubble tent for twenty years, you'll be on a loser...

 

[C36fan]

Unless you have a mint low mileage, low owner, top spec model and wrap it in a bubble tent for twenty years, you'll be on a loser...

Who cares anyway buy one and enjoy ,I keep a 210 55 and a c63 wagon not for what they're worth but for how much I enjoy owning them.

 

[stevebgt1]

Who cares anyway buy one and enjoy ,I keep a 210 55 and a c63 wagon not for what they're worth but for how much I enjoy owning them.

Correct.
People get far too carried away, with keeping miles down on cars to `increase` their value later on.... !
You will never `increase` the value of your car !
There is a slight argument that upon resale a low mileage one will be worth a couple of grand more than an avge mileage one but hey , look at all that driving experience you have missed out on !!
It`s a no brainer for me ......enjoy the car !!
:bannana::bannana:

 

[nickjonesn4]

Interestingly 996 prices are on the march across the range especially carrera 4s and turbo. The turbo as it has no reliability issues (different unbreakable base engine) and the 4s as it is a great looking car. The IMS bearing issue is easily addressed and easy to detect with a boroscope. The 996 is in reality the last analogue porsche, goes well, handles like a 911 not a computer game and is significantly underpriced. Take a look at what you can do with one at RPM Technil if you like modding cars.

 

[nickjonesn4]

Correct.
People get far too carried away, with keeping miles down on cars to `increase` their value later on.... !
You will never `increase` the value of your car !
There is a slight argument that upon resale a low mileage one will be worth a couple of grand more than an avge mileage one but hey , look at all that driving experience you have missed out on !!
It`s a no brainer for me ......enjoy the car !!
:bannana::bannana:

Unless you had bought a 964 porsche for £9k 5 years ago and it is worth £45k now...

 

[renault12ts]

Unless you had bought a 964 porsche for £9k 5 years ago and it is worth £45k now...

I tried, but failed, to get £10k for my '86 Carrera 2 years ago...I dodged a bullet on that one...the prices now are very very sweet!!