Are 997 gen 1 / gen 2s over priced?
Discussion
I bought a very tidy 997.1 manual coupe with 60K miles on it 6 months ago for £27,500 having never had Porsche's before. Obviously I've got interest in them but honestly it's an incredible car for the money, in many ways as good as my NSX and a lot cheaper at today's prices, plus it has the occasional rear seats which is handy.
Even if the worst happens and you need a rebuild (and contrary to popular opinion they don't all self destruct) if you buy in the mid 20's, after the cost of the work for mid 30's you can have a completely sorted car. You can even get Harlech to bore them out to 3.9 and then you essentially have a GTS spec car. I was really surprised at how well the interiors hold up and the general quality of the car.
Overpriced? Compared to my other sports cars, I would say the opposite, that the 997 and in particular the gen 1 is an incredibly good deal at mid 20's for get 1 and mid 30's for get 2. Oh, and the gen 1 does sound better yes, I had the cash set aside for either but opted for the earlier car for this reason alone.
I am now in a position to easily trade up to a 991 or a 992 if I wanted, but I wouldn't even consider it.
Even if the worst happens and you need a rebuild (and contrary to popular opinion they don't all self destruct) if you buy in the mid 20's, after the cost of the work for mid 30's you can have a completely sorted car. You can even get Harlech to bore them out to 3.9 and then you essentially have a GTS spec car. I was really surprised at how well the interiors hold up and the general quality of the car.
Overpriced? Compared to my other sports cars, I would say the opposite, that the 997 and in particular the gen 1 is an incredibly good deal at mid 20's for get 1 and mid 30's for get 2. Oh, and the gen 1 does sound better yes, I had the cash set aside for either but opted for the earlier car for this reason alone.
I am now in a position to easily trade up to a 991 or a 992 if I wanted, but I wouldn't even consider it.
Just bought a 997.1 at £24k. Bought it precisely because I believe they are under priced! If you buy one that is sorted, it’s still going to be £10K below a 997.2 because market prices in a rebuild cost. The gen 2 values drive the gen 1’s. Sure there may be some market corrections as a result of the state of the economy, but you can build that into a negotiation if you find one you like.
I've been watching the 997.1 market for a while and whilst I feel like it's toppy, but then cars still seem to be selling, so I must be in the minority. There seems to be a huge range of pricing though, everything from non-rebuilt cars at £18k, to Hartech'd cars at £25k to non-Hartech'd at £40k+.
shuebc said:
... and I know it's unrealistic - but if I could find a £10-15k 997 (with bore scoring issues etc) and high miles - means I can open around £15-20k get car to how it probably should have come out of Porsche factory.
I'm not sure if even crashed cars on Copart go for £10k!If you buy a neglected car that £15-20k will disappear before you're anywhere near finished.
Been watching the prices for a bit, mainly .1 C2S . And they are all over the place.
Some have been forsale for a long time.
Some people are bonkers with the prices tho , the silver on on AT with evidence of bore scoring hence discounted price at 22k. Tho it was serviced 100miles ago ( like thats important! )
I do like the 21k car on AT with the brown leather ( might not be to everyones taste? ) But 1 owner, fsh and notes rms and other bits being replaced.
Then you have others at 30k that im guessing are really nice or the owners aren't too fussed at selling just yet.
Some have been forsale for a long time.
Some people are bonkers with the prices tho , the silver on on AT with evidence of bore scoring hence discounted price at 22k. Tho it was serviced 100miles ago ( like thats important! )
I do like the 21k car on AT with the brown leather ( might not be to everyones taste? ) But 1 owner, fsh and notes rms and other bits being replaced.
Then you have others at 30k that im guessing are really nice or the owners aren't too fussed at selling just yet.
braddo said:
shuebc said:
... and I know it's unrealistic - but if I could find a £10-15k 997 (with bore scoring issues etc) and high miles - means I can open around £15-20k get car to how it probably should have come out of Porsche factory.
I'm not sure if even crashed cars on Copart go for £10k!If you buy a neglected car that £15-20k will disappear before you're anywhere near finished.
I'd say that, within prices of 911s, 997s are UNDER priced at @ ~£25k.
If you look at older, ie: any air cooled, its going to cost £50k+. If you look at newer, ie: 991, its going to cost £50k+. The only less expensive 911s are 996s, which basically share the same platform. Prices for those have come back up and, I feel, will get stronger as poor examples disappear from the market.
In general for 911s, of any vintage, they remain ultimately desirable cars and there is always good demand for them. This is because they're timeless and with a unique market position with a very wide appeal, from posers to track racers.
All the above is for Carrera spec cars, not specialist stuff such as GT/GTS/Turbo or any of the special editions.
If you look at older, ie: any air cooled, its going to cost £50k+. If you look at newer, ie: 991, its going to cost £50k+. The only less expensive 911s are 996s, which basically share the same platform. Prices for those have come back up and, I feel, will get stronger as poor examples disappear from the market.
In general for 911s, of any vintage, they remain ultimately desirable cars and there is always good demand for them. This is because they're timeless and with a unique market position with a very wide appeal, from posers to track racers.
All the above is for Carrera spec cars, not specialist stuff such as GT/GTS/Turbo or any of the special editions.
RiccardoG said:
I'd say that, within prices of 911s, 997s are UNDER priced at @ ~£25k.
If you look at older, ie: any air cooled, its going to cost £50k+. If you look at newer, ie: 991, its going to cost £50k+. The only less expensive 911s are 996s, which basically share the same platform. Prices for those have come back up and, I feel, will get stronger as poor examples disappear from the market.
In general for 911s, of any vintage, they remain ultimately desirable cars and there is always good demand for them. This is because they're timeless and with a unique market position with a very wide appeal, from posers to track racers.
All the above is for Carrera spec cars, not specialist stuff such as GT/GTS/Turbo or any of the special editions.
This.If you look at older, ie: any air cooled, its going to cost £50k+. If you look at newer, ie: 991, its going to cost £50k+. The only less expensive 911s are 996s, which basically share the same platform. Prices for those have come back up and, I feel, will get stronger as poor examples disappear from the market.
In general for 911s, of any vintage, they remain ultimately desirable cars and there is always good demand for them. This is because they're timeless and with a unique market position with a very wide appeal, from posers to track racers.
All the above is for Carrera spec cars, not specialist stuff such as GT/GTS/Turbo or any of the special editions.
Clearly unloved 997's with bore scoring or IMS issues will rapidly spiral down to being worth more for parts, but I'm sure that looked after nice models will become rarer as they end up in the hands of people who will just keep them to enjoy and not need to sell as it's not their daily driver. For around 30-35k sorted, there aren't many nicer places to be if you want a proper analogue sports car. When I move on to a daily EV, mines going into storage for occasional use, I wouldn't sell it at current prices.
Tobermory said:
This.
Clearly unloved 997's with bore scoring or IMS issues will rapidly spiral down to being worth more for parts, but I'm sure that looked after nice models will become rarer as they end up in the hands of people who will just keep them to enjoy and not need to sell as it's not their daily driver. For around 30-35k sorted, there aren't many nicer places to be if you want a proper analogue sports car. When I move on to a daily EV, mines going into storage for occasional use, I wouldn't sell it at current prices.
As a man whose been driving EV’s for 5 years and continues to do so daily, it’s pure enjoyment to take out the 997 and spend some of the money saved with cheap (ish) electricity, on 99 Tesco Momentum. Antithesis of EV driving I’d say. I even enjoy the real light bulbs on the side lights and in the interior. I notice 991’s now advertised in their 40’s.Clearly unloved 997's with bore scoring or IMS issues will rapidly spiral down to being worth more for parts, but I'm sure that looked after nice models will become rarer as they end up in the hands of people who will just keep them to enjoy and not need to sell as it's not their daily driver. For around 30-35k sorted, there aren't many nicer places to be if you want a proper analogue sports car. When I move on to a daily EV, mines going into storage for occasional use, I wouldn't sell it at current prices.
I have a 997.2 C4S PDK. 96k miles. Have had it 4.5yrs.
When I was looking, prices also seemed toppy for what I perceived the cars to be, mileage etc etc. But in the end, I wanted to try a 911 to see what the fuss was about, and the entry prices were what they were (bought mine at 72k miles...so "high mileage"
).
It's been a great car thus far with no extraordinary costs really when you consider its age etc.
.2 has a nicer interior (IMO) and a bit more power. Felt nicer than the .1s I looked at briefly.
I doubt you're going to get anything for 15k.
If you can afford the entry prices, just go for it. They're good cars.
When I was looking, prices also seemed toppy for what I perceived the cars to be, mileage etc etc. But in the end, I wanted to try a 911 to see what the fuss was about, and the entry prices were what they were (bought mine at 72k miles...so "high mileage"
).It's been a great car thus far with no extraordinary costs really when you consider its age etc.
.2 has a nicer interior (IMO) and a bit more power. Felt nicer than the .1s I looked at briefly.
I doubt you're going to get anything for 15k.
If you can afford the entry prices, just go for it. They're good cars.
Tobermory said:
I bought a very tidy 997.1 manual coupe with 60K miles on it 6 months ago for £27,500 having never had Porsche's before. Obviously I've got interest in them but honestly it's an incredible car for the money, in many ways as good as my NSX and a lot cheaper at today's prices, plus it has the occasional rear seats which is handy.
Even if the worst happens and you need a rebuild (and contrary to popular opinion they don't all self destruct) if you buy in the mid 20's, after the cost of the work for mid 30's you can have a completely sorted car. You can even get Harlech to bore them out to 3.9 and then you essentially have a GTS spec car. I was really surprised at how well the interiors hold up and the general quality of the car.
Overpriced? Compared to my other sports cars, I would say the opposite, that the 997 and in particular the gen 1 is an incredibly good deal at mid 20's for get 1 and mid 30's for get 2. Oh, and the gen 1 does sound better yes, I had the cash set aside for either but opted for the earlier car for this reason alone.
I am now in a position to easily trade up to a 991 or a 992 if I wanted, but I wouldn't even consider it.
+1Even if the worst happens and you need a rebuild (and contrary to popular opinion they don't all self destruct) if you buy in the mid 20's, after the cost of the work for mid 30's you can have a completely sorted car. You can even get Harlech to bore them out to 3.9 and then you essentially have a GTS spec car. I was really surprised at how well the interiors hold up and the general quality of the car.
Overpriced? Compared to my other sports cars, I would say the opposite, that the 997 and in particular the gen 1 is an incredibly good deal at mid 20's for get 1 and mid 30's for get 2. Oh, and the gen 1 does sound better yes, I had the cash set aside for either but opted for the earlier car for this reason alone.
I am now in a position to easily trade up to a 991 or a 992 if I wanted, but I wouldn't even consider it.
I paid £40k for our Gen 2 S manual, getting one with the manual box and not PDK was a challenge plus the start of 2021 the prices were high. I am the 2nd owner of the car and it's just done 60k miles so I don't think it was a crazy price to pay especially as the dealer threw a new clutch in and aircon condensors.
This looks like a great buy if you like a bit of blue leather.
https://www.pistonheads.com/buy/listing/14160626
https://www.pistonheads.com/buy/listing/14160626
ATM said:
This looks like a great buy if you like a bit of blue leather.
https://www.pistonheads.com/buy/listing/14160626
Polar silver too which is nice. 2005 so lower tax band. Potential bargain therehttps://www.pistonheads.com/buy/listing/14160626
Andyoz said:
ATM said:
This looks like a great buy if you like a bit of blue leather.
https://www.pistonheads.com/buy/listing/14160626
Polar silver too which is nice. 2005 so lower tax band. Potential bargain therehttps://www.pistonheads.com/buy/listing/14160626
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