How low will 997s go over next 12 months?
Discussion
It seem that higher mile 997s can be had for around £26k......
I am wondering just how much further hey will drop beforethey plateau out, or will they end up as brgain basement cars like the 996?
My 997 (2005 3.6 FPSH)will be on 100k by next year (unless it keeps snowing!)....Im hoping it is still worth say 22k with 100k miles...is that realistic, or will it be worth even less than that?
I am wondering just how much further hey will drop beforethey plateau out, or will they end up as brgain basement cars like the 996?
My 997 (2005 3.6 FPSH)will be on 100k by next year (unless it keeps snowing!)....Im hoping it is still worth say 22k with 100k miles...is that realistic, or will it be worth even less than that?
In these uncertain economic times, nobody can accurately forecast future values.
During the second half of 2008, 997 prices fell through the floor, only to recover all their losses by the middle of 2009.
Anyone who bought 2007 and sold 2008 lost a packet; anyone who bought in 2008 and sold in 2009 had a year's free motoring.
Prices look to be going soft again, but who can tell?
During the second half of 2008, 997 prices fell through the floor, only to recover all their losses by the middle of 2009.
Anyone who bought 2007 and sold 2008 lost a packet; anyone who bought in 2008 and sold in 2009 had a year's free motoring.
Prices look to be going soft again, but who can tell?
IMHO
It will depend on how different the new 991 looks from the 997, this was the real problem for the 996.
When I bought mine it just so happens that the salesmen had left the 997 I was looking at next to a 996 turbo. I was trying to decide which I preferred, but when they were side by side the 996 looked so dated in comparison.
So in conclusion I think 997 values will stay reasonably flat due to the VAT rise, 991's looks not being a world apart according to spy pics and the 997's looks being a return to the more classic shape.
This is all academic because a 911 is only worth what someone is willing to pay for it. Therefore economic factors will probably have a greater effect as will the availability of asset finance to purchase said 911.
It will depend on how different the new 991 looks from the 997, this was the real problem for the 996.
When I bought mine it just so happens that the salesmen had left the 997 I was looking at next to a 996 turbo. I was trying to decide which I preferred, but when they were side by side the 996 looked so dated in comparison.
So in conclusion I think 997 values will stay reasonably flat due to the VAT rise, 991's looks not being a world apart according to spy pics and the 997's looks being a return to the more classic shape.
This is all academic because a 911 is only worth what someone is willing to pay for it. Therefore economic factors will probably have a greater effect as will the availability of asset finance to purchase said 911.
When I got my car (Dec 08) the market was at the lowest point, and my car at the time had high miles for a 3.5 year old car at 48,000 and was quite cheap to say the least.
2 years later she has 54,000 on the clock, and is worth maybe 2 to 3 grand less than I paid. Had I sold about 6 months ago I might have broken even.
I will probably sell mine at the end of the summer, and I expect to sell for about £6k less than I paid back in Dec 08. That works back to about £2.5k depreciation a year for me - which is very very good for a car of this ilk. I dont expect a repeat though on my next car..
2 years later she has 54,000 on the clock, and is worth maybe 2 to 3 grand less than I paid. Had I sold about 6 months ago I might have broken even.
I will probably sell mine at the end of the summer, and I expect to sell for about £6k less than I paid back in Dec 08. That works back to about £2.5k depreciation a year for me - which is very very good for a car of this ilk. I dont expect a repeat though on my next car..
Figures for all 997 varients from 2005 to July 2007 were 100,000 unit's, so at a guess i am thinking maybe 250 to 300,000 units to date world wide. That's a hell of a lot of car's. Just out of interest the 1984/1989 3.2 911 produced around 75,000 units total, of which around 35,500 were in coupe form all models.
997 values will be controlled by supply and demand, and its fair to say that the supply is on the large side of huge!
997 values will be controlled by supply and demand, and its fair to say that the supply is on the large side of huge!
Bill Stein said:
Figures for all 997 varients from 2005 to July 2007 were 100,000 unit's, so at a guess i am thinking maybe 250 to 300,000 units to date world wide. That's a hell of a lot of car's. Just out of interest the 1984/1989 3.2 911 produced around 75,000 units total, of which around 35,500 were in coupe form all models.
997 values will be controlled by supply and demand, and its fair to say that the supply is on the large side of huge!
+1. Don't see any reason why 997 (especially high mileage 3.6's, with their siezing engine concerns) won't follow 996 prices - there will simply be so many more cars which have lower mileage and better spec at just a few £K more - so my guesstimate is £19K for yours in 12 months and £10-£12K in 3/4 years time.997 values will be controlled by supply and demand, and its fair to say that the supply is on the large side of huge!
Edited by Diesel130 on Monday 29th November 07:34
I think the summary is that the 997 is inevitably going to follow the 996. To be honest, the 997 seems to be even worse than the 996 at the moment. Certainly in my local area... the difference between 40k miles 997 and 996 is less than 10k. For a car which is half a dozen years more modern, I am surprised anyone goes for the 996!
Diesel130 said:
Bill Stein said:
Figures for all 997 varients from 2005 to July 2007 were 100,000 unit's, so at a guess i am thinking maybe 250 to 300,000 units to date world wide. That's a hell of a lot of car's. Just out of interest the 1984/1989 3.2 911 produced around 75,000 units total, of which around 35,500 were in coupe form all models.
997 values will be controlled by supply and demand, and its fair to say that the supply is on the large side of huge!
+1. Don't see any reason why 997 (especially high mileage 3.6's, with their siezing engine concerns) won't follow 996 prices - there will simply be so many more cars which have lower mileage and better spec at just a few £K more - so my guesstimate is £19K for yours in 12 months and £10-£12K in 3/4 years time.997 values will be controlled by supply and demand, and its fair to say that the supply is on the large side of huge!
Edited by Diesel130 on Monday 29th November 07:34
And the worst thing is the car is not even going to get driven over the snowy months, so Im paying all this depreciation for nowt! Fast cars have never made good financial sense......
turboman786 said:
GULP....19k in 12 months, thatd be the biggest hit by far Ive ever had on a car......
how much did you pay? i think you've gotta budget approx 5k per year depreciation in the current climate on earlier cars (thats what i'm forcasting anyway 
)i disagree with the above, i think it will be a long time(12 months + IMO) before we start to see non cat c/d cars under £20k.. then they will be non-s, tip, low spec cars without warranty... TBH these aren't the cars people want to buy
turboman786 said:
It seem that higher mile 997s can be had for around £26k......
?
up until last week I was looking for a 997, whilst searching for a car Ive seen 2 now sell on trade auaction sites for under £22k , one was 997 c2s in basalt / black leather satnav/ manual done just over 90,000 miles with fsh. looked a tidy car and looked like a bargain to me .?
also when i started looking about 2 months ago there were 38 pages for sale on here in the classifieds , there are now 48 pages,thats a lot of cars for sale like any used car if they are not selling people reduce the price and this has an effect like a pack of cards tumbling for everyone else as buyers only seem to remember the price of the cheapest car they are looking to buy!
Edited by JeffC on Monday 29th November 12:35
High mileage cars no matter how well looked after take a hit on the price unfortunately, it's just how it goes. You will just have to price accordingly to sell the car.
Ask yourself this question.
How much would you be happy to pay for your car with it's higher mileage knowing you can get cars with 60k miles for about 25-30k? Or whatever it is now a days.
Koing
Ask yourself this question.
How much would you be happy to pay for your car with it's higher mileage knowing you can get cars with 60k miles for about 25-30k? Or whatever it is now a days.
Koing
JeffC said:
also when i started looking about 2 months ago there were 38 pages for sale on here in the classifieds , there are now 48 pages
Total 997's for sale on pistonheads - 707Total E90 M3's for sale on pistonheads - 124
(Recognise the age difference in terms of the 997 being released earlier, but still....)
Edited by steve singh on Monday 29th November 13:45
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