996 Turbo prices start to rise.
Discussion
In a kind of continuation from barry_j's thread on used TT prices, it looks like the tide is turning – was speaking to my brother who is in the motor trade & he says that Glass’s Guide shows prices of earlier Turbo’s have stopped dropping & are going up.
00/01 cars rose by £350 Last month. Later cars (04/05’s) are still losing big money a month (£1500) but earlier cars seem to be on the rise.
Knew this would happen at some point so nice to see.
Rump.
00/01 cars rose by £350 Last month. Later cars (04/05’s) are still losing big money a month (£1500) but earlier cars seem to be on the rise.
Knew this would happen at some point so nice to see.
Rump.
I guess you guys are 996TT owners. As someone sitting the other side of the fence (ie trying to rationalise blowing the best part of £50k on a car) and waiting for the prices to come down... they do seem to be still falling. A couple of months or so ago £50k was the absolute bottom for an early RHD car with maybe 40-50k miles on the clock - now Autotrader seems to have several below £50k, with the cheapest a nice looking 2000(W) 40k miler for £48k (trade not private). A few more grand and I think I can justify it...
Well whatever the opinion is, the 'Fact' is they are going back up in Glasses guide so that means people will be losers if they sell their cars cheaply. Anyone that sells a RHD for less that 48K is a moron as they easily go for 50k plus if you are no hurry to sell.
Of course the odd bargain will come through but depends if you want a good car or are not bothered by it's condition, i.e dents, scraps - high milage etc
I still have a wait for my 997 TT so will keep mine whatever the price does anyway - after all it's only money...
Of course the odd bargain will come through but depends if you want a good car or are not bothered by it's condition, i.e dents, scraps - high milage etc
I still have a wait for my 997 TT so will keep mine whatever the price does anyway - after all it's only money...
I think by the nature of these cars, a lot of people who buy them are *impulsive* (with no offence to anyone here of course).
As a result, there are always a few bargains to be had in this market sector, and with the advent of the Cayman S (yes, really) and the imminent arrival of the 997gt3 and 997tt, 996 turbo prices will not be stopping their downward spiral in the near future.
IMHO, they may not drop in value over the next 3 or 4 months as they have for the past 6 months, but as soon as the weather picks up lots of people will be looking for something fresh to show off in over the summer of '06.
This time next year you'll be able to pick up lots of 996 turbos for low 40's - there'll be no shortage of choice.
As a result, there are always a few bargains to be had in this market sector, and with the advent of the Cayman S (yes, really) and the imminent arrival of the 997gt3 and 997tt, 996 turbo prices will not be stopping their downward spiral in the near future.
IMHO, they may not drop in value over the next 3 or 4 months as they have for the past 6 months, but as soon as the weather picks up lots of people will be looking for something fresh to show off in over the summer of '06.
This time next year you'll be able to pick up lots of 996 turbos for low 40's - there'll be no shortage of choice.
turboguru said:
Anyone that sells a RHD for less that 48K is a moron as they easily go for 50k plus if you are no hurry to sell.
have you actually tried? i assume you are talking about opc prices? privately they are changing hands for less. following your logic anyone paying 50k is also a moron
>> Edited by francisb on Monday 21st November 22:20
Will that mean that 996 C4S prices will be in the £30's then?
There will always be a healthy gap between the C4S & the Turbo.
The prices simply cannot continue to fall as they have in the past - if they do then in 2 years time a £50k turbo will be worth £25k (ie continued 1k depreciation p/mth) I hardly think so.
What we are seeing now is a stabilising of prices, & indeed by the looks of things an upward adjustment on the earlier cars. I have worked in the motor trade & seen this many times. It happened with the 996 C2. Prices were in free-fall until they settled at around the very late £20k mark for the earlier cars. Sure you will get cheaper ones but the majority of good clean examples sit at around this mark & have done now for a while.
There will always be a healthy gap between the C4S & the Turbo.
The prices simply cannot continue to fall as they have in the past - if they do then in 2 years time a £50k turbo will be worth £25k (ie continued 1k depreciation p/mth) I hardly think so.
What we are seeing now is a stabilising of prices, & indeed by the looks of things an upward adjustment on the earlier cars. I have worked in the motor trade & seen this many times. It happened with the 996 C2. Prices were in free-fall until they settled at around the very late £20k mark for the earlier cars. Sure you will get cheaper ones but the majority of good clean examples sit at around this mark & have done now for a while.
Since there are so many doubters out there, i will happily be proved wrong in 12 months time, but i guess we'll have to wait and see.
As regards the C4S vs TT issue, what you have to remember is that an early C4S is an '02 car, an early turbo is an '00 car...
I stand by my prediction - On November 22nd 2006, if you search autotrader.co.uk, you will find at least half a dozen RHD 996tt's for less than £44k. Who wants to put that in their calendar?
As regards the C4S vs TT issue, what you have to remember is that an early C4S is an '02 car, an early turbo is an '00 car...
I stand by my prediction - On November 22nd 2006, if you search autotrader.co.uk, you will find at least half a dozen RHD 996tt's for less than £44k. Who wants to put that in their calendar?
Gassing Station | Porsche General | Top of Page | What's New | My Stuff