If I had to define different groups of Porsche owners, I would probably place them in one of two groups: Enthusiast and Collectors.
Enthusiasts are those of us that own at least one Porsche (possibly more than one) and drive it (or them) on a regular basis. We don’t think of our cars as investments and we don’t mind getting them dirty. In other words, no garage queens. That doesn’t mean we don’t take care of our cars and don’t know their value. We simply choose to use them as they were meant to be and do so on a regular basis.
Collectors are people who view their Porsche purchase as both an investment as well as a rolling work of art. Your typical collector owns multiple Porsches, usually with lower than average miles, in above average condition and a provenance that is complete and without dispute. As these Porsches are investments they are not driven as much, or as hard, as an Enthusiast would do so. These Porsches are brought out for certain show events and an occasional jaunt to the local club to rotate out those flat spots. Other than that, they sit alone (but not neglected) with just the hum of a trickle charger to keep them company.
Now I realize I’m oversimplifying things and generalizing to an extreme, but I think it gives you a good idea of how I differentiate between certain Porsche owners. Of course, there will always be those that can't be defined and some will fit squarely between these two groups. I'm sure we all know (or have heard of) someone with a collection we would all kill to own just one example from and who at the same time isn’t afraid to bring their beauty to the track or hand over the keys to the valet. I say this is the exception and not the rule.
Regardless of what camp you fall in, Enthusiast or Collector, one thing is certain; Given the uncertainty around Porsche's future and today’s economic climate conditions, NOW IS PROBABLY THE BEST TIME YOU WILL EVER HAVE TO BUY YOUR NEXT PORSCHE!
Unheard of Pricing on Used Air-Cooled Porsches For Sale
If you’re a true “purist” and the only Porsche for you is one that cools itself with
oil air, then you’re in luck too. used Porsche 993s, considered by a large number to be the last true Porsche, are popping up at considerable cost savings from the recent past. While 993s have weathered the current financial storm better than most, Porsches that were selling in the high $50s to mid $60s, as little as 18 months ago, can now be had in the mid $40s to low $50s. Of course, exceptional cars, like this 1987 Porsche Turbo look Cabriolet, will always command a premium in any market. If you want to see some other great air-cooled examples, check out the used Porsches for sale at one of FlatSixes.com’s original sponsors Willhoit Enterprises.
Deals on New Porsches For Sale
With sales off over 60% on new cars, dealers have a slew of incentives to help get you into the new Porsche of your dreams. While a new Porsche isn’t an inexpensive proposition, the following offerings make things much more affordable:
- 1.9% Financing on all leftover 2008 and 2009 Inventory
- Special lease pricing for various models including the Boxster and Cayman
- Between $10,000 and $15,000 in dealer cash for certain 911 models (C2s, C4s & Turbos)
Deals on Late Model Used Porsches may be Even Better
If you want a Porsche 911, but don’t have the $80,000 to $90,000 needed to get in to the newest Porsche 997, don’t worry, pre-owned Porsches are a great option. Probably one of the best deals available today is a used Porsche 996 (either the normally aspirated trim or the turbo).
In some circles, the 996's reputation is less than favorable due to early model mechanical troubles having to do with faulty rear main seals (RMS) and less than stellar good looks (to some). However, the fact is, the newer 996s and even the older ones that have been mechanically vetted are fantastic Porsches. In fact, I’ve been thinking about a 996 Cabriolet as an addition to my own garage. I recently saw a 2004 Porsche 996 C4S Cabriolet, with very reasonable miles, in excellent condition in the mid $30’s. This very well could become my new daily driver. Older Porsche 996s, coupes and those closer to the base model can be had well into the low $20’s.
Last, but not least, I can't forget to mention the Porsche Boxster. We're talking true Porsche performance and fun for as low as $10 to $15k for a used Porsche Boxster in good condition with complete mechanical service histories.
The Future of Porsche
For the first time in their 60+ year history Porsche is no longer independent. Is this a good thing? Will it help or hurt? It remains to be seen. With Wiedeking out and Piech in (no, I'm not forgetting about Macht) it is certain that Porsche as we have come to know it is changing. Between an uncertain corporate future and the current financial turmoil, buying a New or Used Porsche has never been more affordable.
What say you, have any of you been lucky enough to score a great deal lately? Forget about a Porsche barn find, I'm talking a down-right, honest to goodness, Porsche bargains. Let me know.