996 911 Turbo's knockin on the door of $50K

[TriGem2k]

Originally Posted by Perfectlap

Hard to imagine a once $100K car selling for less than an new infinity SUV.

There are more cars than you think that go from 100k next to nothing. My daily driver is a 1997 S500 Mercedes Benz. It was bought brand new out of the show room February 1997 for $109K. This past January we went to pick up a 2007 S550 and figured we would trade the 1997 in. The car had been with us from day one and figured it was time to give it the boot. The dealers whopping offer for a car that they sold 9years ago for $109K was $6,500! Blue Book on that car is somewhere between 9k-13k.

I'm sure the turbo will have better resale value after 10years but I wouldn’t be surprised to see it hit below 30K.

Cars are not Investments by any means. The way I look at it is even if u bought a car for 100K and 10years later its still worth 100K you still lost money on it. That’s a 100K that could be sitting in a MMA making 4.5%+ in the bank over a 10 year period. In 10years that car lost $45,000. Buy a car for a form of enjoyment not investment.