996's hitting new lows on residuals trading well under £20k
996's hitting new lows on residuals trading well under £20k
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lanesra10

Original Poster:

313 posts

259 months

Monday 20th March 2006
quotequote all
You need to pay a visit
There is a £23k 996 on an R with 68k miles
and a 993 Targa for £27k done 67k miles
plus some low price higher mileage 993's

www.northwayporsche.co.uk/car_sales/car.asp?ModelName=All

DanH

12,287 posts

288 months

Monday 20th March 2006
quotequote all
lanesra10 said:
You need to pay a visit
There is a £23k 996 on an R with 68k miles
and a 993 Targa for £27k done 67k miles
plus some low price higher mileage 993's

www.northwayporsche.co.uk/car_sales/car.asp?ModelName=All


Are you posting on behalf of the 993 bible thumpers league?

bumcrack

977 posts

293 months

Monday 20th March 2006
quotequote all
DanH said:
lanesra10 said:
You need to pay a visit
There is a £23k 996 on an R with 68k miles
and a 993 Targa for £27k done 67k miles
plus some low price higher mileage 993's

www.northwayporsche.co.uk/car_sales/car.asp?ModelName=All


Are you posting on behalf of the 993 bible thumpers league?


Seems the case, the cheapest old nail 996 on auto trader has a 100K on the clock and is £23K, hardly under 20K.

Bash that 993 drum loud and proud

POORCARDEALER

8,661 posts

269 months

Monday 20th March 2006
quotequote all


Higher miles 996s have been under £20K trade for some time now, stop laughing 993 owners cos they are on the slide too !!

tertius

6,914 posts

258 months

Monday 20th March 2006
quotequote all
POORCARDEALER said:


Higher miles 996s have been under £20K trade for some time now, stop laughing 993 owners cos they are on the slide too !!


What isn't?

Ignoring exotics of course, everything seems to be heading south.

ballcock

3,855 posts

247 months

Monday 20th March 2006
quotequote all
POORCARDEALER said:


Higher miles 996s have been under £20K trade for some time now, stop laughing 993 owners cos they are on the slide too !!


Absolutely! The one thing we as 911 owners share is the chain that links our residuals .. In the USA they called it 'Domino Thoery' . I've been watching prices for some time now and the one predictable fact is a high milage early 996 C2 is going to sell for the same money as a similar or slightly lower milage 993 C2 that's 2/3 ish years older.
Now this MAY be an over generalisation , and as such is wide open to argument with specific detail , but the lesson to learn is, talking down 996's , brings down 993 prices.

vesuvius996

35,829 posts

299 months

Monday 20th March 2006
quotequote all
I agree. As 996 prices fall, 993 prices will fall also.

There will always be a market for prestige 993s like GT2s and low mileage minters, but your average punter will always prefer an equivalent 996 as it's the newer shape, sir.......

There are only so many bearded connoisseurs about, so when 993 owners start waxing lyrical about their bullet proof residuals and how poor 996s are, they are surely just turkeys talking up Xmas......!



We're all DOOMED!


*flak jacket*


>> Edited by vesuvius996 on Monday 20th March 21:53

aceparts_com

3,724 posts

269 months

Monday 20th March 2006
quotequote all
vesuvius996 said:
I agree. As 996 prices fall, 993 prices will fall also.

There will always be a market for prestige 993s like GT2s and low mileage minters, but your average punter will always prefer an equivalent 996 as it's the newer shape, sir.......

There are only so many bearded connoisseurs about, so when 993 owners start waxing lyrical about their bullet proof residuals and how poor 996s are, they are surely just turkeys talking up Xmas......!



We're all DOOMED!


*flak jacket*


>> Edited by vesuvius996 on Monday 20th March 21:53


Have you sold your 996 for a gt3 yet?

vesuvius996

35,829 posts

299 months

Monday 20th March 2006
quotequote all
Not yet, sir....


aerostar

221 posts

247 months

Monday 20th March 2006
quotequote all
I think in the last few months 993s have taken a hit. Very good cars were at around £33k 12 months ago. I wouldn't pay over £30k for a 993 today, regardless of its mileage. I reckon £28k should about be the right price for a very good 993. PCGB magazine has had quite a few which have not shifted at around the £32k mark. They are all now reaching the age when £3k p.a. costs are going to be the norm to keep them in shape - even on a R plate.

aceparts_com

3,724 posts

269 months

Monday 20th March 2006
quotequote all
vesuvius996 said:

There will always be a market for prestige 993s like GT2s and low mileage minters, but your average punter will always prefer an equivalent 996 as it's the newer shape, sir.......


Maybe in a year or so, the average punter will want a 997 as it's the latest shape but be happy with a 993 as it looks so similar

ballcock

3,855 posts

247 months

Monday 20th March 2006
quotequote all
aceparts_com said:
vesuvius996 said:

There will always be a market for prestige 993s like GT2s and low mileage minters, but your average punter will always prefer an equivalent 996 as it's the newer shape, sir.......


Maybe in a year or so, the average punter will want a 997 as it's the latest shape but be happy with a 993 as it looks so similar


Your Mummy never tell you looks are only skin deep!!??

lanesra10

Original Poster:

313 posts

259 months

Monday 20th March 2006
quotequote all
No I wasnt bible thumping, I was just pointing out how cheap his cars are.

I dont have a beard

and if he is Retailing ave mileage cars ie 68k miles at £22,995 then it must have cost sub £20,000 which is scary.


cyrus1971

855 posts

267 months

Tuesday 21st March 2006
quotequote all
Just to play devils advocate :-)

Do people would realise 993 prices are not only to do with them being "better" ?

There are simply more 996s due to Porsche manufacturing them in their 10,000s compared to 993's - mapped to demand.

If given a choice of a 996 C2 or a 993 C2 to drive home I would take the 996, so too I would buy one (and have done so) as it represents better value for money.

I have had a 993 and I loved it but it is not as dynamically capable as a 996. Period.

It certainly does have more character however, if a creaking roof, clunky controls, dangerous wet weather road holding, dated interior, lower fuel economy, being heavier, having a louder engine, rustic manufacturing, and less power add up to more "character".

Now I'll sit back and take the flack ...




pcn1

1,340 posts

247 months

Tuesday 21st March 2006
quotequote all
Just to throw a curve ball into this disscusion all I can say is falling prices are great news for us poor boys wanting to get into 911 ownership. Another couple of years down the line and I chop my 944 (which I do like !) for a 964

ballcock

3,855 posts

247 months

Tuesday 21st March 2006
quotequote all
I'm hopin tha 996 dismal resids will make the 997's slide!(In fact I think they ARE) .. I'm already putting the pennies aside....

neilpeel59

279 posts

247 months

Tuesday 21st March 2006
quotequote all
Very good point ballcock. As long as everything slides in the same direction who cares? ,unless of course you are getting out of the Porsche market (but then you'd deserve to take a hit

sleep envy

62,260 posts

277 months

Tuesday 21st March 2006
quotequote all
aerostar said:
They are all now reaching the age when £3k p.a. costs are going to be the norm to keep them in shape - even on a R plate.


Only if you go exclusively to OPCs

Both my 993s cost less to run than an M3 or A4 TDi

drcarrera

795 posts

253 months

Tuesday 21st March 2006
quotequote all
ballcock said:
I'm hopin tha 996 dismal resids will make the 997's slide!(In fact I think they ARE) .. I'm already putting the pennies aside....

I'd like to think so (as I'm in the market for one), but haven't seen any evidence of it yet. I'd have expected early 997Ss to be under 60K by now, but it doesn't seem like it ...

ballcock

3,855 posts

247 months

Tuesday 21st March 2006
quotequote all
Saw a rhd 997 c2 in autotrader last week ... £52k if I remember correctly ..
was lauded as ' the cheapest 997 in the uk' .. there's something to be proud of!
Keep 'em comin down boys (the prices that is .. this is how rumours start!)