Ownership Update: The End of a Porsche

ownership update the end of a porsche

Much has changed since I last had the opportunity to humblebrag on TTAC. My good friend Derek has monetized the skills he developed and honed here into an actual, real-life job in the automotive industry, and I’ve gone from owning two Porsche 911s to owning zero cars — at least temporarily.

Keen readers will recall that I bought a Porsche 911 from the halcyon days of the mid-1990s just over 3 years ago. September will mark my 993’s 20th birthday, and when it was originally delivered on Halloween in 1995, I was trick-or-treating at the local bank with the rest of my first grade class. During my stewardship the car never failed to generate acute, intense emotional responses; I’ve loved, adored, and cursed the car at various times. For all those nostalgic reasons — as well as the pricing dynamics of the air-cooled Porsche market — I decided to hang on to my old car when I bought my 997.1 GT3 last year.

Recently, I wrote an advertisement for the car. I paid a high school kid to take some exceptional pictures. And then I listed it for sale. As I’d anticipated, the car generated plenty of interest including that of a very gracious, patient gentleman from Minnesota who ultimately bought the car. I won’t be so crass or callous as to tout my outsized returns on the “investment,” but suffice to say I bought the car for well under $30,000 and sold it for well north of $40,000, after three years and 23,000 miles. On the other side of the ledger there were some admittedly hefty maintenance bills, but the car proved a much better allocation of funds than the CamCordImas that the Best & Brightest typically espouse for purchasing their first car.

Meanwhile, I had a fun road trip planned for the GT3. Two, rather selfless, owners of the latest generation GT3 — the 991 GT3 in Porsche parlance — devoted countless hours of their time to plan a three-day drive through my native North Georgia, as well as the Smoky Mountains, that attracted nearly 40 new GT3s from across the eastern seaboard (and further afield). I left work a bit early on a Thursday to change out of a suit before heading to a kickoff BBQ cookout with other attendees.

Unfortunately, I didn’t make it.

I was driving on Peachtree Road, a major surface street with a 45 mph speed limit in my neighborhood, as I headed home. A teenaged driver traveling the opposite direction failed to yield and made a left turn immediately in front of me. Panic stop, ABS, fiendishly expensive Porsche Ceramic Composite Braking system, etc., did little to retard my progress. When the collision occurred I was probably going about 40 mph and airbags in both vehicles deployed. Mercifully, everyone involved was unharmed and the adverse party’s insurer accepted all liability.

Of course, I wanted the GT3 totaled rather than extensively repaired, but the insurance company saw things differently — for a time. The car had some frame damage and the entire interior would have to be replaced, courtesy of an unhappy marriage between 20 ounces of Venti Iced Caramel Macchiato and acres of Alcantara. Add that to new panels on the front end, new clear bra, new air bag, among other things and the decision became easier. Although I’d love to regale the readership with the sordid details of my negotiations with the adverse party’s carrier, I’ll refrain. The insurance company eventually totaled my GT3 and I received a healthy payout, reflective of the market appreciation that has transpired since I purchased mine last April.

So, with an intense distaste for Atlanta’s public transportation options and a reluctance to embrace fully the shared mobility lifestyle, I started shopping for another car.

To be continued …

David Walton grew up in the North Georgia mountains before moving to Virginia to study Economics, Classics and Natural Light at Washington and Lee University. Post graduation, he returned to his home state to work in the financial services industry in Atlanta. A lifelong automotive enthusiast, particular interests include (old) Porsches and sports car racing.

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  • Escapenguin Escapenguin on Jul 18, 2015

    I don't mind your using platform codes. Sorry about your Porsche. Can't wait to see what you picked up.

  • Power6 Power6 on Jul 18, 2015

    Surprised the commentariat has not taken you to task for having a drink in the car. As a SBUX gold card holder... Iced caramel macchiato really?? Glad it worked out, my worst fear having owned a couple lesser special cars is that you fear an accident that doesn't total it, the car is never the same again... BTW alcantara is not suede, its a cloth. So there is a GT3 with cloth interior, you had one!

    • Pch101 Pch101 on Jul 18, 2015

      I almost mentioned the coffee, but he has suffered enough already.

  • FreedMike Back in the '70s, the one thing keeping consumers from buying more Datsuns was styling - these guys were bringing over some of the ugliest product imaginable. Remember the F10? As hard as I try to blot that rolling aberration from my memory, it comes back. So the name change to Nissan made sense, and happened right as they started bringing over good-looking product (like the Maxima that will be featured in this series). They made a pretty clean break.
  • Flowerplough Liability - Autonomous vehicles must be programmed to make life-ending decisions, and who wants to risk that? Hit the moose or dive into the steep grassy ditch? Ram the sudden pile up that is occurring mere feet in front of the bumper or scan the oncoming lane and swing left? Ram the rogue machine that suddenly swung into my lane, head on, or hop up onto the sidewalk and maybe bump a pedestrian? With no driver involved, Ford/Volkswagen or GM or whomever will bear full responsibility and, in America, be ambulance-chaser sued into bankruptcy and extinction in well under a decade. Or maybe the yuge corporations will get special, good-faith, immunity laws, nation-wide? Yeah, that's the ticket.
  • FreedMike It's not that consumers wouldn't want this tech in theory - I think they would. Honestly, the idea of a car that can take over the truly tedious driving stuff that drives me bonkers - like sitting in traffic - appeals to me. But there's no way I'd put my property and my life in the hands of tech that's clearly not ready for prime time, and neither would the majority of other drivers. If they want this tech to sell, they need to get it right.
  • TitaniumZ Of course they are starting to "sour" on the idea. That's what happens when cars start to drive better than people. Humanpilots mostly suck and make bad decisions.
  • Inside Looking Out Why not buy Bronco and call it Defender? Who will notice?