Buy one now..........

[Crimp]

http://www.classicandsportsfinance.com/hot-right-n...

Mind you mines tuned so worth about 10p and a conker

[Mark A S]

Always nice to know your cars value is going north, dealer I bought mine from last November says he would advertise it now for around 6k more than I paid for it.
In a strange way I hope the values do not go crazy as then I would perhaps think twice about Hillclimbing it!

[nsm3]

Wish I had read a similar article when I dropped my 7/1 GT3, exactly 2 years ago - the classifieds make painful reading at the mo!

Wonder how much longer before we see a bit of correction with some of these recent prices?

[IMI A]

nsm3 said:

Wish I had read a similar article when I dropped my 7/1 GT3, exactly 2 years ago - the classifieds make painful reading at the mo!

Wonder how much longer before we see a bit of correction with some of these recent prices?

That correction will not occur for GT3 or turbo - both still relatively cheap. RS have flown and rightly so.

[Digga]

I bought my 996tt hoping it would hold value rather than depreciate. Anything else is a bonus.

I also bought without a PPI, which is a bit daft (in retrospect, very daft) and not something I'd ever repeat, but fully aware that a 15 year old car is going to need some TLC. Especially one with two turbos. First bill from Sports & Classic (who have been excellent) was a bit hair-raising and I still have a to-do list of non-urgent stuff I'd like done, which (if I am to keep a wife as well as a nearly-classic car) will have to wait a few months at the very least, but I now have a car that ticks every box I wanted:

• Silver (I'd have been equally pleased with Seal Grey)
• Manual
• Black sports leather (not the 80's style wrinkled nonsense)
• Black dials
• No stupid 90's faux ali or wood trim (why!!!???)

I don't care too much where values go but I do think the article might be right.

Edited by Digga on Thursday 6th August 09:25

[g7jhp]

CSF Team said:

HOT RIGHT NOW – PORSCHE 996 TURBO AND GT2
By CSF Team | Buying a Classic, Market and Values

The 996 has until recently been in the shadow of its older brothers but there has been a resurgence in interest in the turbocharged models.

The Porsche 911 (996) is thought of by some, if not many, Porsche enthusiasts as the poor relation compared to both the 997 and earlier air-cooled models. Water cooled and to many people not as attractive as the 993, the 996 was still (unsurprisingly) a great car and remains something of a bargain – but maybe not for long.
You’d be amazed at how quickly we can spot a trend here at Classic & Sports Finance and that’s because when a car begins to become popular buyers pick up the phone to us. These spikes in interest are normally pretty dramatic – earlier this year the Ferrari 456 was tipped by Quentin Willson on the Classic Car Show as a car to watch and within 24 hours we had half a dozen enquiries on them from eager buyers. Asking prices for the 456 went up pretty quickly – they have almost doubled since February – and the number of cars available has increased dramatically which tells us that owners are trying to cash in their classic car “investments”.
We have seen a similar pattern over the last few weeks with the Porsche 996 Turbo and in one week we arranged finance for no less than four of them. Buyers were losing out on cars that were selling from under them which is a always a strong indicator of demand and the phones were red hot with enquiries.

So – why the flurry of interest?
Porsche as a classic marque is doing extremely well at the moment and, as Andrew Mearns of Gmund cars put it to us, “you’ll never be disappointed when you drive a Porsche” which isn’t something you can say about every older car. The 996 looks great value when compared to other similarly priced classics and is certainly inexpensive when compared to other contemporary supercars such as the Ferrari 355 and 360. They are easy to drive and with four wheel drive and a raft of electronic driver aids are flattering as well as astonighingly capable and practical.
Manual Turbos have gone up by approximately 30-35% according to specialist Tom Harris of 911 Virgin with prices moving from £28-30,000 for a decent, average mileage car to £38-40,000 and we can’t disagree. But what is it about the turbocharged that has piqued buyers’ interest.
According to Tom, the well built race-derived “Metzger” engine is one of the main attractions. It doesn’t suffer from the weaknesses of the standard 996 Carrera engine (IMS bearing failure) and is very reliable – more so in many people’s eyes than the more recent 997. There are also fewer of them which always helps and the styling, which just five short years ago was considered to be lacking, now looks purposeful and aggressive although realistically the interior is a little dated. The 964 is also a good example of Porsche that has grown into it’s looks over the years.

What to watch out for
According to the team at 911 Virgin it is really important to check that the car has been properly maintained – check for bills amounting to around £2-3,000 per annum. Check for accident damage and rust underneath and avoid tuned cars where overboost can cause problems. The turbocharged 996’s are potent even if only one of the twin turbos is working so check that everything is in order even if a car still feels quick. Over revs (caused on the downshift) can be identified with an ECU interrogation. The X50 pack gave the car an extra 30hp which gives a subtle performance benefit for an extra £3-4,000 on the price – on balance probably not worth the extra according to Tom.

GT2
The rear wheel drive, turbocharged GT2 was produced in even lower numbers as well as weighing less and boasting an extra 70 horsepower and ceramic brakes but lost out on rear seats and air conditioning. Prices have gone up by around 100% in the last 12 months. Set up is critical on the GT2.

When compared to Ferrari, Porsche manufactures a lot more cars so we don’t anticipate the same dramatic price hikes associated with the Italian marque over the last 12 months. However we do expect to see 996 Turbo prices rise, particularly for the best cars (as usual) as they have realistically looked like a bargain for too long.

Not sure when this first appeared but I see 911 Virgin have a standard 2002 996 turbo in Arctic with Black leather with 49k miles for £44k so another 10% higher (unless this is now low mileage)!

[Digga]

g7jhp said:

Not sure when this first appeared but I see 911 Virgin have a standard 2002 996 turbo in Arctic with Black leather with 49k miles for £44k so another 10% higher (unless this is now low mileage)!

Don't know, but that car looks mint. Very nice and, given recent prices, I reckon it'll sell pretty sharpish.

[g7jhp]

Digga said:

Don't know, but that car looks mint. Very nice and, given recent prices, I reckon it'll sell pretty sharpish.

I'm sure it will as they price will, although some will say silver's boring it looks stunning on the 996 turbo!

Edited by g7jhp on Thursday 6th August 10:05

[Mark A S]

As we All know, Silver ones are the fastest

[Digga]

g7jhp said:

I'm sure it will as they price will, although some will say silver's boring it looks stunning on the 996 turbo!

In terms of the purists, silver was the launch colour for the 996tt.

FWIW I don't think it is 'best', just one of:
Silver = classic, very pretty
Grey = slightly more menacing
Black = pure evil (but also a bd to keep clean)
Red = 959 lookalike

But, black interior is the law IMHO.

[Crimp]

Interesting read all the same.
I'm not surprised to be honest that the prices are going North on the 6T.
It has been the "supercar like" performance bargain of the 911 stable for the last 5 yrs.
Don't think the prices will ever go silly like the 993 Turbo due to production numbers but interestingly enough there are fewer cars now for sale and the trade are having problems getting them, all forcing market values up.

[mollytherocker]

Why cant anybody spell Mezger? Its not that hard! Lose the bloody T!

[therevday]

Tony I have my 10p and conker ready! Where shall I pick the car up from

[therevday]

Whoops Wrong Chap! I mistook your user name for someone else. Though the offer still stands

[Adam B]

"According to Tom, the well built race-derived “Metzger” engine is one of the main attractions. It doesn’t suffer from the weaknesses of the standard 996 Carrera engine (IMS bearing failure) and is very reliable"

Oh FFS - research and check the name for god sake

edited to add quotes to make the clear, crystal clear by Adam B on Friday 7th August 21:12

Edited by Adam B on Friday 7th August 21:15

[Adam B]

"According to Tom, the well built race-derived “Metzger” engine is one of the main attractions. It doesn’t suffer from the weaknesses of the standard 996 Carrera engine (IMS bearing failure) and is very reliable"

Oh FFS - research and check the name for god sake

Edited to add quotes to make the clear, crystal clear by Adam B on Friday 7th August 21:12

Edited by Adam B on Friday 7th August 21:16

[Mad March Taffy]

Talking about spelling....


The 'well-respected' Porsche journalist who wrote an article on buying a 996T in GT Porsche magazine this month can't spell the word 'supersede' either....

[northo]

Apologies for the spelling. Duly amended.

[Digga]

Crimp said:

Don't think the prices will ever go silly like the 993 Turbo due to production numbers

No, I quite agree.

For the 6t and 7t, the halo effect of having 'the last' Mezger engine will help, but they're never going to have the same rarity and place in the marque's history as the last aircooled.

These issues aside, I think the driver choice of how they want a car to feel and look is subjective and you can't really put a fag paper between any of them from 993 to 997.2 - you can fully understand why any of them might be the weapon of choice for a particular owner. As an example, I actually love the 996 interior, precisely because it does feel dated. It feels like driving an old(ish) car, in my eyes, a modern classic. I can equally see why some would find it idiosyncratic at best and always opt for a 997, or otherwise the true classic layout of the 993.

Edited by Digga on Friday 7th August 10:12

[Tom 911V]

Adam B said:

According to Tom, the well built race-derived “Metzger” engine is one of the main attractions. It doesn’t suffer from the weaknesses of the standard 996 Carrera engine (IMS bearing failure) and is very reliable

Oh FFS - research and check the name for god sake

I am more than familiar with the spelling of Mezger thanks. The gentleman who wrote the article had an informal chat with me over the phone and then put pen to paper. I have not been quoted verbatim and had no control over the content, context or spelling. Hope that clears things up Adam.