996 for £10k-£13k No more depreciation?
Discussion
Looking into getting a 996 in the next few months.
I despise depreciation!
Will values of 1998 - 2001ish 996's fall any more over the next few years? Obviously I know there are a few potential problems but they seem fantastic value.
I would be looking to spend no more than £13k on the best one I can find and will be doing about 5k miles a year.
Maybe if well cared for and looked after could I look at getting all my money back (and more?) if I sell in a few yrs time?
Have 996's gone as low as they will ever go?
Cheers for your advice/opinions!
I despise depreciation!
Will values of 1998 - 2001ish 996's fall any more over the next few years? Obviously I know there are a few potential problems but they seem fantastic value.
I would be looking to spend no more than £13k on the best one I can find and will be doing about 5k miles a year.
Maybe if well cared for and looked after could I look at getting all my money back (and more?) if I sell in a few yrs time?
Have 996's gone as low as they will ever go?
Cheers for your advice/opinions!
No, todays 13k 996's will be max 10k in 3 years I reckon as they get older, and there are far too many out there for them to hold any real value, they definitely won't be apprieciating, there are already plenty of sub 10k 996''s. They also have a reputation of poor relaibility and also its stilla c70k car when it comes to running costs, not many want that burden.
No, but 
If you buy the best that you can and then maintain it fastidiously (over and above what most people want to spend on a £13k 996 - N spec tyres, warranty, replacing the RMS at the first drop etc) then I reckon that there's a good chance that you'll get your money back.
A good 996 will always be worth more than a bad 996 and there are beginning to be plenty of bad 996's.
However, fighting depreciation is certainly going to cost you more than the depreciation itself.
A better question is how much will it cost to run and maintain a good 996 over two or three years.
If you buy the best that you can and then maintain it fastidiously (over and above what most people want to spend on a £13k 996 - N spec tyres, warranty, replacing the RMS at the first drop etc) then I reckon that there's a good chance that you'll get your money back.
A good 996 will always be worth more than a bad 996 and there are beginning to be plenty of bad 996's.
However, fighting depreciation is certainly going to cost you more than the depreciation itself.
A better question is how much will it cost to run and maintain a good 996 over two or three years.
Horsepower27 said:
Looking into getting a 996 in the next few months.
I despise depreciation!
Will values of 1998 - 2001ish 996's fall any more over the next few years? Obviously I know there are a few potential problems but they seem fantastic value.
I would be looking to spend no more than £13k on the best one I can find and will be doing about 5k miles a year.
Maybe if well cared for and looked after could I look at getting all my money back (and more?) if I sell in a few yrs time?
Have 996's gone as low as they will ever go?
Cheers for your advice/opinions!
My (possibly wrong) thoughts:I despise depreciation!
Will values of 1998 - 2001ish 996's fall any more over the next few years? Obviously I know there are a few potential problems but they seem fantastic value.
I would be looking to spend no more than £13k on the best one I can find and will be doing about 5k miles a year.
Maybe if well cared for and looked after could I look at getting all my money back (and more?) if I sell in a few yrs time?
Have 996's gone as low as they will ever go?
Cheers for your advice/opinions!
I think there is a split in the market which will only get bigger, there are the well looked after early 3.4 996s C2s with FMDSH, low'ish miles, desirable (plain) colours, totally standard, good options - These won't hold value but will depreciate v.slowly and will one day be semi collectable and widely respected/in favour again. There is already a price overlap between 3.4s and 3.6s.
You then have the rest (bar C4S/Turbo/X51/GTs) which will plummet in £££ like a sack of spuds! I like to think I have the the first variety.
Cheers guys
£1k, maybe £2k a year I can deal with, no more than that.
Food for thought, hopefully I can find one that is in good condition for the money and then keep it like that rather than buy a bad one and get it up to good condition.
To justify it to Mrs Horsepower we must be able to sell it for not much less than we bought it for if a baby Horsepower comes along. However, I'm pretty sure we could fit a child seat in the back of a 996?!
£1k, maybe £2k a year I can deal with, no more than that.
Food for thought, hopefully I can find one that is in good condition for the money and then keep it like that rather than buy a bad one and get it up to good condition.
To justify it to Mrs Horsepower we must be able to sell it for not much less than we bought it for if a baby Horsepower comes along. However, I'm pretty sure we could fit a child seat in the back of a 996?!
Miles I am not too worried about.
Cosmetics I am also not too worried about, a few little scratches and minor dints mean I can knock ££££ off the price and then not worry too much when I give the keys to the Mrs. Plus live in central London, it will be parked on street so inevitable it will pick up marks.
However, MUST be in great mechanical condition
Cosmetics I am also not too worried about, a few little scratches and minor dints mean I can knock ££££ off the price and then not worry too much when I give the keys to the Mrs. Plus live in central London, it will be parked on street so inevitable it will pick up marks.
However, MUST be in great mechanical condition
Horsepower27 said:
However, I'm pretty sure we could fit a child seat in the back of a 996?!
Ours is the daily runabout/family car, we have 2 maxi cosi SPS forward facing seats in back of ours, you may struggle with backward facing baby seats though.Quinny zap pushchair will fit in front of C2
Horsepower27 said:
I'm pretty sure we could fit a child seat in the back of a 996?!
You'll have no problem fitting a baby seat in the back (I have two). you can even get a buggy that'll fit in the front. Rear facing baby seats (0-9 months) are a bit of a squeeze but as long as the passenger is happy to compromise on a bit of legroom then it's fine. There's a surprising amount of space in a 911.Hopefully that'll mean you can justify spending a bit more and therefore depreciate the car over a longer period.. Simples!
Horsepower27 said:
Cheers guys
£1k, maybe £2k a year I can deal with, no more than that.
Thats a very modest depreciation budget indeed.....even run of the mill BMs etc lose more than that......with cars that are more exotic, depreciation is to be expected, and is likely to be heavier than that..£1k, maybe £2k a year I can deal with, no more than that.
My 997 lost me £5k in as many months! But hey it's all part of the 'experience'!
disco1 said:
Horsepower27 said:
However, I'm pretty sure we could fit a child seat in the back of a 996?!
Ours is the daily runabout/family car, we have 2 maxi cosi SPS forward facing seats in back of ours, you may struggle with backward facing baby seats though.Quinny zap pushchair will fit in front of C2
(Quinny Zapp will also fit a C4 aswell)
turboman786 said:
Thats a very modest depreciation budget indeed.....even run of the mill BMs etc lose more than that......with cars that are more exotic, depreciation is to be expected, and is likely to be heavier than that..
My 997 lost me £5k in as many months! But hey it's all part of the 'experience'!
I think if you buy well you can lose £1k a year on an older 996 quite easily, especially now the values are circa £10k.My 997 lost me £5k in as many months! But hey it's all part of the 'experience'!
I think if you bought something nice for £13k, and kept on top of it, you could lose £1k-£1.5k a year in depreciation over 3 years. I agree with the point above that nice well looked after examles are going to get more and more rare as the years go on. And they will command better prices going forwards.
When all is said and done, 996s and 997s won't hold their money like a 993 or other low produced 911 model, unless they are motorsport models (GTx) or similarly made in low numbers with a special engine then maybe they will hold their money better. The carerra of this world sadly will not.
To keep it if the pitter patter comes along I can see myself having to agree to sit in the back and have a backwards facing baby seat in the front with the Mrs driving.
I knew there was an advantage to being a shortarse.
In today's money, what do you think a 100k mile 1999ish C2 will fetch in 2020. Are we thinking it might go down to £3-4k?
I knew there was an advantage to being a shortarse.
In today's money, what do you think a 100k mile 1999ish C2 will fetch in 2020. Are we thinking it might go down to £3-4k?
Horsepower27 said:
To keep it if the pitter patter comes along I can see myself having to agree to sit in the back and have a backwards facing baby seat in the front with the Mrs driving.
I knew there was an advantage to being a shortarse.
In today's money, what do you think a 100k mile 1999ish C2 will fetch in 2020. Are we thinking it might go down to £3-4k?
Mate, who knows, in all seriousness, no idea, and it would be completely 100% car specific.I knew there was an advantage to being a shortarse.
In today's money, what do you think a 100k mile 1999ish C2 will fetch in 2020. Are we thinking it might go down to £3-4k?
I do know that you will have spent more that 3-4k keeping it running in the next 8 years. However that is true of all cars.
I reckon if you said £2k depreciation in the first year and then £1kpa going forward you wouldnt be far away.
However, I think the risk is more around maintenance. You need to buy very carefully in the first place. £3-4k to get one up to scratch is not uncommon.
And then we get to the engine. In my view, an early 996 on an original spec engine will eventually D chunk, score or disintegrate its IMS.
Whether that will happen during your ownership is the risk you need to assess. Of course, you could buy one with a Hartech or Autofarm engine, and that would be a much better propostion.
But make sure any 'rebuild' has specifically addressed these issues.
They are cheap for a reason.
MTR
However, I think the risk is more around maintenance. You need to buy very carefully in the first place. £3-4k to get one up to scratch is not uncommon.
And then we get to the engine. In my view, an early 996 on an original spec engine will eventually D chunk, score or disintegrate its IMS.
Whether that will happen during your ownership is the risk you need to assess. Of course, you could buy one with a Hartech or Autofarm engine, and that would be a much better propostion.
But make sure any 'rebuild' has specifically addressed these issues.
They are cheap for a reason.
MTR
doneitnow said:
I would have thought that if money is really tight you would be best steering clear of this sort of car that "could" cost a fortune IMHO.
Money not particularly tight. I am tight though and don't like throwing it out the window with depreciation.gibbon said:
Mate, who knows, in all seriousness, no idea, and it would be completely 100% car specific.
I do know that you will have spent more that 3-4k keeping it running in the next 8 years. However that is true of all cars.
Agreed, no way of telling really, all sorts could happen before then.I do know that you will have spent more that 3-4k keeping it running in the next 8 years. However that is true of all cars.
Anyway a 996 was one of the few cars (maybe only car) that is modernish, more than reasonably quick, exciting to drive that won't suffer massive depreciation a year. Plus I have wanted one ever since my uncle took me out in his at massive leptons on Dartmoor about 10 yrs ago
mollytherocker said:
And then we get to the engine. In my view, an early 996 on an original spec engine will eventually D chunk, score or disintegrate its IMS.
Why do people keep spouting this guff? If every 996 engine exploded then there wouldn't be any 996s left on the roads now would there???
Less than 5% of 996s had issues (some experts think less than 2%) with most issues realised early in the engines life! With any car you pay your money and take your chances.
disco1 said:
Why do people keep spouting this guff? If every 996 engine exploded then there wouldn't be any 996s left on the roads now would there???
Less than 5% of 996s had issues (some experts think less than 2%) with most issues realised early in the engines life! With any car you pay your money and take your chances.
Performance engines of any kind need rebuilding more often than engines in a low state of tune, which will also, at some point, need rebuilding. Its hardly shocking news.
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