996 residuals dive?
996 residuals dive?
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944doc

Original Poster:

1,550 posts

265 months

Thursday 9th September 2004
quotequote all
Either that or Henry is having a senior moment. Check out a well known and well respected website tailored to the virgins of the 911 world (see Domster, I'm learning not to "name and shame"). There you will find a 1990G 964 in reputedly good nick for 21K sold as is, or 23K with service/warranty, and just above it a 1998 R reg 996 for only 5K more!
Either the arrival of the 997 is having a walloping impact on 996 residuals or Henry has been inhaling too many exhaust fumes. I wish I had a spare 27K!

roygarth

2,674 posts

274 months

Thursday 9th September 2004
quotequote all
The madness is £23K for a 964!

hobo

6,530 posts

272 months

Thursday 9th September 2004
quotequote all
Does seem standard carrera 2 & 4 both lose money faster than my TVR (didn't think it was possible).

Only Turbo's & C4S seem to have decent residuals.

pdavison

1,639 posts

303 months

Thursday 9th September 2004
quotequote all
Have a quick look on Autotrader, it's not the only one for sale at that sort of money. Although they will have 70k miles plus to get significantly below £30k.

I still think over £20k for a 964 is crazy! I would have thought only the turbo 2's would be commanding that sort of cash.

toppstuff

13,698 posts

273 months

Thursday 9th September 2004
quotequote all
Maybe the 964 is a minter with a very low mileage and devoid of all leaks, while the 996 is a baggy old bird with big mileage and a first generation interior.

944doc

Original Poster:

1,550 posts

265 months

Thursday 9th September 2004
quotequote all
pdavison said:
Have a quick look on Autotrader, it's not the only one for sale at that sort of money. Although they will have 70k miles plus to get significantly below £30k.

I still think over £20k for a 964 is crazy! I would have thought only the turbo 2's would be commanding that sort of cash.


fair point, though there is always some difference between autotrader prices and those in the "specialist" independent group. I think 27K for a 996 from a reputed specialist dealer is pretty rare.
Agree with you about the 964. even in mint condition there's rarely any escaping the oil ooze, as a function of age rather than miles. Unless it had had a full top end overhaul and a new clutch/flywheel I wouldnt have expected £23k. But to be fair you wont know its worth until you drive it.

>> Edited by 944doc on Thursday 9th September 10:07

pdavison

1,639 posts

303 months

Thursday 9th September 2004
quotequote all
It would appear that if you're looking at spending £25k on a 911 you can have either a 996, 993 or 964 and spend the same money! Not sure that situation exists with many other marques.

Guy Humpage

13,093 posts

310 months

Thursday 9th September 2004
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The interior colour may not be to everyone's taste.

clubsport

7,406 posts

284 months

Thursday 9th September 2004
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it is also a Tiptronic which may limit the market.

kamal996

4,266 posts

270 months

Thursday 9th September 2004
quotequote all
Here you guys go again...

I had an ocean blue with savannah tiptronic and it fetched "top dollar" within about 6 weeks of going on sale. There is nothing wrong with the combo-its just people on this board who seem unable to see past silver with black!

The real issue with 996 residuals is going to be the engine failure romour. There seems to be so many advertised with "new engine fitted by Porsche." I would love another 996 but would be too frightened to have even a 10% risk that I will need to shell out £10k if the engine blows up. I guess the only reprieve would be Porsche goodwill but even they will call it a day when the cars get to six years old and have part specialist history.

Mad Gypsy

26 posts

261 months

Thursday 9th September 2004
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Having recently bought a 996, I would say only the highest mileage, lowest spec cars were around for -30k. I saw very few under 30k in the two months of searching, and the ones that were under 30k had awful colour combo's, tiptronic, 17in wheels, orange lenses, more miles than the starship enterprise and generally of a poor standard.

Honestly, I'm not at all bitter about spending 33k on mine

toppstuff

13,698 posts

273 months

Thursday 9th September 2004
quotequote all
I'm with Kamal..

I must admit, that this talk of engine failure on 996's is worrying me too.

Pondering over going back to 911 ownership and this is making think more and more about 993's.

Was thinking of mk1 GT3 - but the idea of an engine blowing or the main oil seal ( is that it? ) failing is worrying me.

How much is true and how much is hearsay?

Any comments from Henry F as a trader?

Or maybe the Ninemeister can comment in his capacity as the bloke with the large tin of Swarfega, who knows about these things?

clubsport

7,406 posts

284 months

Thursday 9th September 2004
quotequote all
Kamal here we go again???? Were you not posting threads about how you couldn't shift the car at the time?
face it if enough people say it, they do NOT prefer savannah and price will reflect this.
I ordered a new 996 in lapis blue and made a definite decision not to spec that colour interior..

toppstuff

13,698 posts

273 months

Thursday 9th September 2004
quotequote all
I don't know why Porche continue with that Savannah colour. It is too bright somehow.

Saw a 996TT in the local OPC and somehow the beige interior looked like, well, "fleshy". Horrible.

kamal996

4,266 posts

270 months

Thursday 9th September 2004
quotequote all
clubsport said:
Kamal here we go again???? Were you not posting threads about how you couldn't shift the car at the time?
face it if enough people say it, they do NOT prefer savannah and price will reflect this.
I ordered a new 996 in lapis blue and made a definite decision not to spec that colour interior..


I feel the same way about Lapis a you do about Savannah. Lapis is a garish bright blue compared to a much more sedate ocean blue-BUT TO EACH HIS OWN.

The point is that savannah has little impact on residuals- I will remind you once again (as you appear to be quite thick) the thread was not about the problem with selling that particular car-it was more about the difficult process of selling high value cars privately and the fact that buyers are willing to pay an inordinate premium for supposed peace of mind by buying from a dealer.

clubsport

7,406 posts

284 months

Thursday 9th September 2004
quotequote all
I think it is actually difficult to draw a real conclusion to 996 problems to earlier cars.
For a start consider the number of Boxster & 996 combined to the number of 993 on Uk roads.

I have seen various strange engine failures at Porsche specialists over the last few years, such as broken crank on a low miles 996. the 993 had 30 odd years of development and lessons learnt with the 964.

One thing that seems unanimous from specialists/engine builders is the overall build quality has come down since the accountants and japanese consultants got more involved in the business of making Porsche cars.

Topstuff... After your initial thought on a 993 I have seen you post considering more or less every car I can think of!
What are your latest contenders for your hard earned?

Glenn McMenamin

2,305 posts

264 months

Thursday 9th September 2004
quotequote all
What's wrong with Lapis Blue then ???????????


I've just bought a Turbo Cab in this colour, one of the main reasons being, that i'd hoped this would be a safe colour for residuals ?????



AlexHancock

466 posts

294 months

Thursday 9th September 2004
quotequote all
Topstuff - the GT3 has a different engine and to my knowledge hasn't suffered from the same problems.

clubsport

7,406 posts

284 months

Thursday 9th September 2004
quotequote all
Glenn McMenamin said:
What's wrong with Lapis Blue then ???????????


I've just bought a Turbo Cab in this colour, one of the main reasons being, that i'd hoped this would be a safe colour for residuals ?????





Nothing wrong with Lapis at all....it really comes alive when the sun hits it. I think it works best with metropole,black or even elephant hide grey interiors.

I had no problem selling my Lapis car last year as it made a change to silver......which may well be why you specced it?

cuneus

5,963 posts

268 months

Thursday 9th September 2004
quotequote all
The 996 and Boxster RMS probelms are no rumour

Porsche USA will replace the engine if out of tolerance
I'll leave you to figure out what happens in the UK

GT3 mot affected