Discussion
Being a 996 TT owner I am concerned with the prices seeming to have dropped quite a bit recently. Like every 911 turbo there has to be a bottoming out price somewhere regardless of milage up to say 100k so where do you reakon this price would sit? it has to be above all other models surely apart from the GT2? what are your thoughts?
Its hard to know how far they will fall, theres the new car coming soon, and they sold so many turbos who knows if they will go into even further over supply. Pretty much all high end cars seem to be loosing money hand over fist at the moment. Who'd have thought OPCs would have GT2s up at 65k?
Surely prices of the earlier cars (2000/2001) will bottom out at a healthy margin above the Carrera 2's/4's & C4S's? I mean you surely cannot have a situation where a Turbo is worth less than a C2 of similar age & mileage? Take t urbo’s example. That car CANNOT continue to lose 20k per year otherwise it will be worth 20k in 2 years time!! So sometime prices will level out and stabilise , I am interested to know when this might be.
Older C2’s have leveled out, clean average mileage 1998/9 cars seem to be holding around the £30k mark for over a year now. Certainly I sold my 1998 C2 over a year ago for £30k & turboguru could have got £30k for his almost identical car when he sold his just a couple of months ago.
I do hope they level out otherwise you will have boy racers driving around in them giving us all a bad name soon as they will be so cheap to buy, then skimping on servicing & running costs & not looking after them as they are so expensive to run…..just like what happened with the Subaru Impreza’s!
Older C2’s have leveled out, clean average mileage 1998/9 cars seem to be holding around the £30k mark for over a year now. Certainly I sold my 1998 C2 over a year ago for £30k & turboguru could have got £30k for his almost identical car when he sold his just a couple of months ago.
I do hope they level out otherwise you will have boy racers driving around in them giving us all a bad name soon as they will be so cheap to buy, then skimping on servicing & running costs & not looking after them as they are so expensive to run…..just like what happened with the Subaru Impreza’s!
This is one of the reasons I'm looking into buying a used tt. Early cars now can be had for £50-£55k. I cannot imagine these cars being worth only £25k in 2-3 years. So in the relative terms of cars its a good investment. Not many supercars that will lose less than £10k a year.
Thats the theory anyway....
Thats the theory anyway....
Having just bought a 996tt, I guess I've benefited significantly from the prices being a bit soft at the moment (2003 car, with excellent spec for £66.5k). I looked at the prices of late, low mileage 993 turbos, which can still demand £45k+, and based on that I hope that the 996tt will stabilise.
Having said that, I learned a long time ago, that the only way to make a small fortune owning sports cars, is to start with a large fortune !!!!
Having said that, I learned a long time ago, that the only way to make a small fortune owning sports cars, is to start with a large fortune !!!!
yep I'm not convinced tha think C2s have leveled out yet either.
There are a lot more 996TTs than 993TTs, and remember the contrary view to the 993 versions supporting the 996 iteration is that the 996 will simply push down the 993 too.
Given Porsche seems kean to shift high volumes these days, I don't think residuals are ever going to be that bullet proof, especially as they've broadened the appeal to so many people.
Laingy said:
Very rare that cars cost level out, the depreciation slows but the costs of ownership increase. But cars always continue to depreciate unless demand exceeds supply, which in the case of the 996 will never happen because porsche made so many of them.
The cost of ownership is the part people so frequently forget. My friend just bought a depreciation proof 3.3 turbo. Its so far cost him 3 and a bit grand on maintenance and needs new damping all round.
cheers for all your feedback guys, I have decided sod it! its such a great car and I really enjoy it I am just going to run it for another couple of years and forget about it all - I fail to see them ever going much past 45k based on market trends and whatever it eneds up being worth it doesnt change the fact its the most usable supercar and lovely to drive.
simonharrod911 said:
Does anyone think the 996 will be the first turbocharged 911 to drop below the previous model in value?
I think they MIGHT drop lower than the previous model a bit. Apart from the odd deviant the 993 TT value are almost stagnant.
However there MUST be a limit. It's such a competent, robust superbly fast all rounder. There's no known big mechanical issues on these cars I know of ( I don't know if RMS effects these) I mean, £25 K- NO way, alate 1989 5 speed 930 Turbo LE goes for that much and has done for a while.....
DanH said:
Very rare that cars cost level out, the depreciation slows but the costs of ownership increase. But cars always continue to depreciate unless demand exceeds supply, which in the case of the 996 will never happen because porsche made so many of them.
The cost of ownership is the part people so frequently forget. My friend just bought a depreciation proof 3.3 turbo. Its so far cost him 3 and a bit grand on maintenance and needs new damping all round.
I agree, however the 3.3 litre 930 shape Turbos have always seemed to fetch values very similar to the naturally aspirated cousins. Compare this to 993 vs 993tt- where it's not the case. I reckon it's due, in part, to less difference in running costs between the two variants and the much bigger chasm in abilities and performance....
Marquis_Rex said:
There's no known big mechanical issues on these cars I know of ( I don't know if RMS effects these)
RMS doesn't affect turbos,GT2s or GT3s because they have an entirely different engine...and a superb one at that. You are correct that there are no common mechanical issues with these cars.
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