997TT depreciation
997TT depreciation
Author
Discussion

HandsomeBob

Original Poster:

312 posts

193 months

Sunday 11th December 2011
quotequote all
Hi All,

Interested in getting a 997 Turbo coupe this year, I'm seeing them at £45k.

Since the new 911 launch what does everyone think they'll be going for soon.

Would love to pick one up for £30k, incredible car even for £45k let alone £30k!!!

Bob

Xstyle

211 posts

180 months

Sunday 11th December 2011
quotequote all
HandsomeBob said:
Hi All,

Interested in getting a 997 Turbo coupe this year, I'm seeing them at £45k.

Since the new 911 launch what does everyone think they'll be going for soon.

Would love to pick one up for £30k, incredible car even for £45k let alone £30k!!!

Bob
£30k is dreaming, especially throughout 2012, IMHO. That would mean all other Porches are worth diddly squat...

jimmy p

1,042 posts

197 months

Sunday 11th December 2011
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They wont be 30k for a long time yet, really well sorted 996tt are still fetching that money. I think 40k next year on higher mileage models perhaps.

Xstyle

211 posts

180 months

Sunday 11th December 2011
quotequote all
jimmy p said:
They wont be 30k for a long time yet, really well sorted 996tt are still fetching that money. I think 40k next year on higher mileage models perhaps.
i saw a nice 996TT today that was £33k. 2004.

g7jhp

7,034 posts

269 months

Sunday 11th December 2011
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Already an ongoing thread here

Edited by g7jhp on Sunday 11th December 11:29

kbf1981

2,351 posts

231 months

Sunday 11th December 2011
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All these depreciation threads are so sad. Hoping and praying for a car to hit some low value makes you sound like a scrubber. Sorry, I know that's bound to offend people, but it's true. If you want a car, build yourself up to being able to afford it rather than wait for it to drop into your lap.

£45k is a steal, waiting also means you're wasting your life. You can always earn more money you can never, ever get back more time.

mm450exc

571 posts

209 months

Sunday 11th December 2011
quotequote all
The cheapest turbo in the OPC network with 55k miles is £49,700.

I think it going to be more the opposite. A 997tt with a good spec will start holding it's value. End of the day it is the last turbo with the Mezger! smile

g7jhp

7,034 posts

269 months

Sunday 11th December 2011
quotequote all
kbf1981 said:
All these depreciation threads are so sad. Hoping and praying for a car to hit some low value makes you sound like a scrubber. Sorry, I know that's bound to offend people, but it's true. If you want a car, build yourself up to being able to afford it rather than wait for it to drop into your lap.

£45k is a steal, waiting also means you're wasting your life. You can always earn more money you can never, ever get back more time.
Some people make the stupidest of comments.

If I'm in the process building up and something is on the way down it's nice to know I can get it that bit sooner. I'd still have put in the effort whether it's £40 or £49k!

Magic919

14,583 posts

232 months

Sunday 11th December 2011
quotequote all
mm450exc said:
A 997tt with a good spec will start holding it's value.
Holding it is value?

Xstyle

211 posts

180 months

Sunday 11th December 2011
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Magic919 said:
Holding it is value?
Driving... It... Is... Pleasure... Some things are worth the depreciation, as long as you appreciate them during that time. smile

dazco

4,281 posts

220 months

Sunday 11th December 2011
quotequote all
kbf1981 said:
All these depreciation threads are so sad. Hoping and praying for a car to hit some low value makes you sound like a scrubber. Sorry, I know that's bound to offend people, but it's true. If you want a car, build yourself up to being able to afford it rather than wait for it to drop into your lap.

£45k is a steal, waiting also means you're wasting your life. You can always earn more money you can never, ever get back more time.
Bizarre

AdvocatusD

2,278 posts

262 months

Sunday 11th December 2011
quotequote all
Magic919 said:
mm450exc said:
A 997tt with a good spec will start holding it's value.
Holding it is value?
Wow. Really? Is that your only contribution to this thead? Grammar?

Yes, mm450exc's use of the apostrophe is an error but we all understand what he means to say despite that error. Funnily enough, it's exactly the same way we understand what you mean to say despite the fact that you have failed to use quotation marks appropriately.

People in glass houses...

Back on topic. An utterly epic car at £40,000, nothing but the GTR can come close in terms of used bang for buck, and the GTR does suffer from (for some at least, and compared to Porsche) from a badge issue.

I'd love one at £35 - £40k, but I reckon we're a couple of years away from a good car at that value?

Edited by AdvocatusD on Sunday 11th December 14:10

Durzel

13,007 posts

199 months

Sunday 11th December 2011
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kbf1981 said:
You can always earn more money you can never, ever get back more time.
A statement worth tattooing somewhere.

Callughan

6,313 posts

223 months

Sunday 11th December 2011
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Durzel said:
kbf1981 said:
You can always earn more money you can never, ever get back more time.
A statement worth tattooing somewhere.
True, buy if you can afford, simples.

mollytherocker

14,469 posts

240 months

Sunday 11th December 2011
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The 997T Gen1 will of course depreciate more but £30k? I am not sure that will ever happen.

Once they are at circa £40k, I think demand will meet supply.

Only my view of course!

MTR

Lordglenmorangie

3,071 posts

236 months

Sunday 11th December 2011
quotequote all
I have a gen one on a 06 plate with 46K on the clock, it's a high spec and immaculate , dealer has offered 39 to 40 K I doubt I will get much more. However there will be a point when the cars will level out and I expect that will be 25 to 30 K not unlike the 996T now.

The longer you wait the cheaper they will become like most other depreciating assets !

Koing

442 posts

204 months

Sunday 11th December 2011
quotequote all
mollytherocker said:
The 997T Gen1 will of course depreciate more but £30k? I am not sure that will ever happen.

Once they are at circa £40k, I think demand will meet supply.

Only my view of course!

MTR
Prices will go the way of the 996tt in roughly the same time span IMO.

Koing

Martian O

2,734 posts

193 months

Sunday 11th December 2011
quotequote all
Lordglenmorangie said:
I have a gen one on a 06 plate with 46K on the clock, it's a high spec and immaculate , dealer has offered 39 to 40 K I doubt I will get much more. However there will be a point when the cars will level out and I expect that will be 25 to 30 K not unlike the 996T now.
!
But it is yellow! biggrin


rash m

168 posts

205 months

Sunday 11th December 2011
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Best colour in a turbo i would hav it .

mollytherocker

14,469 posts

240 months

Sunday 11th December 2011
quotequote all
Koing said:
mollytherocker said:
The 997T Gen1 will of course depreciate more but £30k? I am not sure that will ever happen.

Once they are at circa £40k, I think demand will meet supply.

Only my view of course!

MTR
Prices will go the way of the 996tt in roughly the same time span IMO.

Koing
I'll tell you why I dont think it will;

Looks - 997 shape 'more 911' and liked more by enthusiasts (& many hate the 996 headlamps.)
Interior - Generally perceived as much better.
The 996T suffers from the engine reputation of the 996 Carrera (Wrongly of course).
Performance - 996T is quick but 997 is in another league. Arguably a supercar.
Its the last of the Mezger engined Turbos. Sounds silly but important to the beards. (Like me!)hippy

You can of course argue against all of the above to a degree but I think it all adds up to make a difference.

Oh and one more thing. I reckon the 996T has bottomed out now people are realising what a bargain it is. It should stay firm.

MTR