Turbo prices

[PaulZR]

Sitting at home 'revising' for FSA exams and pondering next car purchase. Will def be keepinf the 964 until next year (mechanicals permitting) but find that since it became an only car I'm starting to rack up the miles on the M62.

Early 996 turbos seem to be around £40k at the moment. Given that 911 turbos in general seem to hold their value pretty well, what do the experts out there reckon one would cost in about 12 months time?

[MaKSiNG]

I just cannot see how a car that was worth in excess of 90k when new, which has so many good things said about it and that has the Porsche badge can drop much below this price even in 12 months.

I mean what would the early 996 Carreras be worth? 10k?

[Henry-F]

I`m not sure they will go far below £40k either. There may be the odd £35k car but it would be the exception and probably reflective of a less well loved car. The 993 seems to have an absolute floor of £30k and realistically you`re looking at £35-40k for something half decent even with numbers on the speedo.

At the end of the day only time will tell.

Henry

[PaulZR]

What got me thinking was a bloke at work who recently traded his 996tt in for a used Aston Vanquish (London office bonus time!) Said the Porsche was better drive and comparitively cheap to run for such a rapid car, partic when you factor in glacial depreciation.

[jamesallum]

So what should you budget in terms of running costs on a typical 996TT priced in the low £40's? Should £2k a year cover it?

[jo strummer]

jamesallum said:

So what should you budget in terms of running costs on a typical 996TT priced in the low £40's? Should £2k a year cover it?

Any thoughts on this at £40-45K the Turbo is now on my "hmmmm have a good 6 months I'll get me one of them" list, the running costs I have no idea on.

[Adam B]

£900 warranty + £500-£1000 service + average £1k wear and tear items such as tryes/clutch.

I reckon £3k per annum is prudent and what I ws going to budget.

But biggest cost is depreciation and on a £40-45k 996TT I reckon this will only be £1k per year if you keep the mileage down.


(excludes fuel and insurance obviously)

Edited by Adam B on Wednesday 28th March 09:37

[anonymous-user]

jamesallum said:

So what should you budget in terms of running costs on a typical 996TT priced in the low £40's? Should £2k a year cover it?

no chance. lots of assumptions i know...
figure you're a young chap living in leeds, gonna be £2k+++ insurance for a start.
if you're worried about running costs, would it be fair to say you couldn't stomach a major breakdown? in which case figure a k for inspection and warranty.
and if you drive it as god intended (and he comes from yorkshire so you should!) you'll use at least a set of tyres. thats before you even factor in normal servicing, brakes, fuel etc... take a look at our illustrious leader DAZREN 's profile - www.pistonheads.co.uk/members/showcar.asp?carId=2685

Edited by fbrs on Wednesday 28th March 09:16

[wanta996]

I suppose the TT is technically a supercar afterall - Maybe allot of people including myself who have read Autocar and Evo over the years seemed to believe the "Everyday Supercar" and "Bomb Proof" quality jargon that was fed into my brain Year after Year!! Being part of the Pistonheads forum over the last few months has certainly opened my eyes and the quote i once heard from a Jaguar salesman while considering a used XJR of "If you can afford what is afterall a £60k car then you should expect £60k worth servicing/running costs" seems to ring true.

For me, 3k a year running costs puts it in Ferrari territory - Consider a used 360 or stick to the standard Carrera.

Edit - Just looked at Dazrens profile - £4615 a YEAR on Insurance and Servicing/repairs??

Edited by wanta996 on Wednesday 28th March 09:27

[kayc]

wanta996 said:

I suppose the TT is technically a supercar afterall - Maybe allot of people including myself who have read Autocar and Evo over the years seemed to believe the "Everyday Supercar" and "Bomb Proof" quality jargon that was fed into my brain Year after Year!! Being part of the Pistonheads forum over the last few months has certainly opened my eyes and the quote i once heard from a Jaguar salesman while considering a used XJR of "If you can afford what is afterall a £60k car then you should expect £60k worth servicing/running costs" seems to ring true.

For me, 3k a year running costs puts it in Ferrari territory - Consider a used 360 or stick to the standard Carrera.

You obviously havent owned a ferrari then..

[wanta996]

Thats the thing KayC - I also frequent the Ferrari/Lambo forum and to be honest - There is not much in it when compared to the Turbo in running costs!! As i have mentioned before my mate owns a 550bhp Conti which has cost him £595 over the passed year! Its getting traded in for a Black Gallardo E Gear on Friday - I will post pics over the weekend AND more importantly keep you all informed on the Gallardo running costs - It may be interesting as it comes with a used 1 Year warranty BUT the clutch is only covered for 6 months?? Hmmm

[kayc]

wanta996 said:

Thats the thing KayC - I also frequent the Ferrari/Lambo forum and to be honest - There is not much in it when compared to the Turbo in running costs!! As i have mentioned before my mate owns a 550bhp Conti which has cost him £595 over the passed year! Its getting traded in for a Black Gallardo E Gear on Friday - I will post pics over the weekend AND more importantly keep you all informed on the Gallardo running costs - It may be interesting as it comes with a used 1 Year warranty BUT the clutch is only covered for 6 months?? Hmmm

My running costs on the tt have been between £1-1.5k per year including servicing,tyres ,mot etc.,which i think is quite cheap..my mates 360 with 7k miles on the clock had a 3 year service that cost 7.7k and the gearbox packed up 3 months later...another 6k..its rare to get bills like that on a low mileage 3 year old tt.

[Adam B]

wanta996 said:

Thats the thing KayC - I also frequent the Ferrari/Lambo forum and to be honest - There is not much in it when compared to the Turbo in running costs!! As i have mentioned before my mate owns a 550bhp Conti which has cost him £595 over the passed year!

hang on - you have to compare like for like!

The Conti was presumably new so no warranty cost, no clutch replacement, no new tyres, low mileage in that £595.

Buy a 997 turbo, run it for a year and say 8k miles (not untypically low for a Porsche) I would expect costs to be simply the year 1 service at say £400 (not sure of service cost on 997tt).

[wanta996]

Conti was a used 2004(04)

Edit - Kay C - If your bills are £1-1.5k a year then brilliant, maybe we really need a wide range of yearly running costs to make a comparison, i would buy a TT in 1 second if the yearly running costs were on "average" 1-1.5k a year.

Edited by wanta996 on Wednesday 28th March 09:47

[kayc]

wanta996 said:

Conti was a used 2004(04)

Edit - Kay C - If your bills are £1-1.5k a year then brilliant, maybe we really need a wide range of yearly running costs to make a comparison, i would buy a TT in 1 second if the yearly running costs were on "average" 1-1.5k a year.

Edited by wanta996 on Wednesday 28th March 09:47

Its only servicing and tyres effectively depending on mileage of course...i have to chuckle when people worry about a) running costs on a Porsche and b)fuel consumption....if you have to worry about that you cant afford it...if you buy from a dealer its your purchase price thats going to kill you financially not whether it cost 1K or 3k a year to run.

[anonymous-user]

kayc said:

My running costs on the tt have been between £1-1.5k per year including servicing,tyres ,mot etc

but excluding chip mods and insurance i assume.
also VERY suprised you get through so few tyres and brakes...

wanta996 said:

For me, 3k a year running costs puts it in Ferrari territory - Consider a used 360 or stick to the standard Carrera.

um a bit naive maybe?
anyone can buy a ferrari for a year, spend a few hundred on sevicing and chip it in at a MASSIVE loss at the end with a dealer. all you've done is tranfer the cost from maintanence to depreciation... ask ANYONE whose run a 360 for 50,000 miles over 5 years what their cost are? better still read the evo feature on p1's running costs. the turbo is a bargain!!!

[wanta996]

True Kay C - I guess you only seem to remember the negative points to any potential expensive purchase.

FBRS - "anyone can buy a ferrari for a year, spend a few hundred on sevicing and chip it in at a MASSIVE loss at the end with a dealer"

Strange as i only see year old F430s selling for more that there new price??

Edited by wanta996 on Wednesday 28th March 10:07

[kayc]

fbrs said:

kayc said:

My running costs on the tt have been between £1-1.5k per year including servicing,tyres ,mot etc

but excluding chip mods and insurance i assume.
also VERY suprised you get through so few tyres and brakes...

wanta996 said:

For me, 3k a year running costs puts it in Ferrari territory - Consider a used 360 or stick to the standard Carrera.

um a bit naive maybe?
anyone can buy a ferrari for a year, spend a few hundred on sevicing and chip it in at a MASSIVE loss at the end with a dealer. all you've done is tranfer the cost from maintanence to depreciation... ask ANYONE whose run a 360 for 50,000 miles over 5 years what their cost are? better still read the evo feature on p1's running costs. the turbo is a bargain!!!

I must admit Pirelli dont seem to make back tyres like they used to,seem to get through those quite quickly.

[anonymous-user]

wanta996 said:

FBRS - "anyone can buy a ferrari for a year, spend a few hundred on sevicing and chip it in at a MASSIVE loss at the end with a dealer"

oh for gods sake, do you want an arguement or a realistic idea on costs? we were talking about 360's and 996's. 430's and 997's are different for a few years. dazrens costs are a good idea what it will cost the OP ON A 996TT. kc's costs are not complete and are not representative of what it costs most people. to be honest if you are telling us 3k is prohibitively expensive but 1k/1.5 k is fine, you're looking at the wrong kind of car!

Edited by fbrs on Wednesday 28th March 10:28

[wanta996]

Calm down FBRS - All i wanted was a realistic cost of running a TT BUT on a different subject of used values? I would argue that a 360 holds its value better than a 996TT.