Discussion
Depends a lot on the service record. Has it had documented yearly oil changes? I looked at one, that age with 30k on the clock advertised with FSH. It had no documented evidense to suggest it had not had the same oil in it for 6 years and 12k miles! That car was up for £15k privately. The vendor was the type of chap who really should have known better, but he chose to read the service interval as 12k milers OR every year. What looks like a very similar car is now being offered by a dealer for £20k.
These cars are not collectors items now and probably never will be. So very low miles is not really a big plus. Condition is everything. Personally I would rather buy one that has been used and maintained a bit more fully. Lots of the parts with rubber in them need replacing as a result of time anyway - low miles does not change that. If the spec is one people want you might get into the mid teens. Realisticaly I dont see it being up in the high teens unless it is in some way special. If it was a 1998 / 1999 car with the throttle cable perhaps it would more likely to fetch some premium for the low miles.
I will be interested to see what others think, but I suspect that for a driving car (as oposed to a collecting one) many will be suspicious of low miles / short journeys or long periods sat idle. That does not mean it will be hard to sell for the right price - but the right price is probably based more on condition than miles for the 996.
These cars are not collectors items now and probably never will be. So very low miles is not really a big plus. Condition is everything. Personally I would rather buy one that has been used and maintained a bit more fully. Lots of the parts with rubber in them need replacing as a result of time anyway - low miles does not change that. If the spec is one people want you might get into the mid teens. Realisticaly I dont see it being up in the high teens unless it is in some way special. If it was a 1998 / 1999 car with the throttle cable perhaps it would more likely to fetch some premium for the low miles.
I will be interested to see what others think, but I suspect that for a driving car (as oposed to a collecting one) many will be suspicious of low miles / short journeys or long periods sat idle. That does not mean it will be hard to sell for the right price - but the right price is probably based more on condition than miles for the 996.
People will pay 20k for the right cooking 996. To someone who values low miles, as long as substantiated, I reckon 20k. It all depends on the spec of course but fans of high milers have plenty to choose from. Fans of low milers don't and will have to pay for it.
The closest barometer I'm aware of for a sold price is 43k miles for £16310:
https://www.silverstoneauctions.com/1999-porsche-9...
The closest barometer I'm aware of for a sold price is 43k miles for £16310:
https://www.silverstoneauctions.com/1999-porsche-9...
skinny said:
Personally on a 16 year old car with a known dodgy engine, 15k scares me more than 115k and I wouldn't pay a premium for it. But some people do and that's just fine by me! 
The car is worth £15k every day of the week and I'll buy it tomorrow for that. Mail me.There are a heck of s lot of these cars with 'known dodgy engines' around driving happily about seemingly without any issues at all.
The internet is responsible for spreading this type of hysteria. Why else would a guy whose car history doesn't include Porsches make such a statement? With all due respect of course
PM me and I'll give you £15k tomorrow.
Tend to agree. the reference to the 964 is particularly relevant. When it first became old and the 993 / 996 were the cars to have, nobody wanted a 964, they all had engine leaks, were expensive to maintain and you needed a 993 as it had all the issue fixed. Plus they built "a lot" of them.
Now 964s fetch strong money, all the issues are sorted by previous owners for the leaky engines, and independents have developed ways of fixing them at reasonable (not cheap) prices. All of a sudden they are desirable.
I can see the 996 reaching that status at some point. Right now its the cheapest 911 you can buy right?
Now 964s fetch strong money, all the issues are sorted by previous owners for the leaky engines, and independents have developed ways of fixing them at reasonable (not cheap) prices. All of a sudden they are desirable.
I can see the 996 reaching that status at some point. Right now its the cheapest 911 you can buy right?
[quote=h_]Tend to agree. the reference to the 964 is particularly relevant. When it first became old and the 993 / 996 were the cars to have, nobody wanted a 964, they all had engine leaks, were expensive to maintain and you needed a 993 as it had all the issue fixed. Plus they built "a lot" of them.
Now 964s fetch strong money, all the issues are sorted by previous owners for the leaky engines, and independents have developed ways of fixing them at reasonable (not cheap) prices. All of a sudden they are desirable.
I can see the 996 reaching that status at some point. Right now its the cheapest 911 you can buy right?
[/quote]
Agree with this completely, nobody had a good word to say about 964's for a long time & prices reflected that. 996 C4S's are already tipped as a future classic & prices have firmed up, early 3.4's are being talked up so it can only be a matter of time now surely?
Now 964s fetch strong money, all the issues are sorted by previous owners for the leaky engines, and independents have developed ways of fixing them at reasonable (not cheap) prices. All of a sudden they are desirable.
I can see the 996 reaching that status at some point. Right now its the cheapest 911 you can buy right?
[/quote]
Agree with this completely, nobody had a good word to say about 964's for a long time & prices reflected that. 996 C4S's are already tipped as a future classic & prices have firmed up, early 3.4's are being talked up so it can only be a matter of time now surely?
As long as its in a nice colour combination and has good service history its value will be around 20k. The fact several interested people seem keen to buy it now at 15k me being another show the true value is north of that. I know what i paid for my white c2 996.1 with aerokit and 53k miles and it was more than 15k!!
Now is the time to buy 996's, as they have bottomed and are on the up. I paid £13.5k for a 2003, 996.2 C4 cab, with 70k and fsh, a 6 owners in Dec 15. was the cheapest I could find with the specific spec, sports seats and manual. So I would say this one is definitely north of £15k, look at the offers already. Most high end sports cars reach the trough at about 10-15 yrs then start to rise again. Remember 12 yrs back bought a 3.2 carrera for £10k used for 2 yrs sold for £12.5k. look where they are. Turned down an Aston Martin DBS V8 from the early 70's for about £6-8k at the time about 15 yrs ago, now these are north of £100k
You can't buy one owner Porsche cars easily. Certainly not cars over 10 years old in a private sale. The dealers Hoover them all up. Ad states FPSH. That tells me one man has been farting into that drivers seat since day one. Taking it into Porsche when servicing due and likely not flinching as they perform the OPC walletectomy. These are the owners who typically green light whatever 'may' need doing without considering other options. £15.5k from me.
There's a lot of healthy bids being fired in here. The OP hasn't even told us what colour the car is. I'm guessing...Ocean Jade? ;-)
I'd say this is a car worth north of £15k OP. For me personally, the low mileage wouldn't be an incentive. Any of the known engine problems are just as likely on a low miler, in fact possibly (arguably) even more so. However, the market IS heavily mileage driven, and in that respect, what you have on offer here is unusual, so £15 + is certainly realistic.
I'd say this is a car worth north of £15k OP. For me personally, the low mileage wouldn't be an incentive. Any of the known engine problems are just as likely on a low miler, in fact possibly (arguably) even more so. However, the market IS heavily mileage driven, and in that respect, what you have on offer here is unusual, so £15 + is certainly realistic.
anonymous said:
[redacted]
I've never understood fear of low mileage. I get that a life of cold starts and short runs is bad, but low mileage on an old car is more likely an indicator of infrequent use. With correct maintenance and storage that shouldn't be a problem.
The things is, high mileage cars were low mileage once, so stating there is an increased risk of failure with low mileage cars doesn't make sense to me. All cars are low mileage cars at some point. Only some cars are high mileage cars.
If the engine did go pop, what would you rather 'invest' the repairs in? A high mileage car or a low mileage car? There are many other factors of course, but IMHO that's why, even putting the risk of failure aside, there is perceived value in low mileage.
These are good points that you make chaps. Just to add a bit of clarity - the point I was trying to make was perhaps that the higher mileage car has already PROVED that the engine hasn't failed and is probably now unlikely to do so, where as the low miler is still an unknown quantity.
I bought my car at 99k miles, although with a brand new engine installed. I drive 20k miles a year in the car and wasn't willing to take a chance on anything other than a new engine from a certain well known company. A low mileage car on the original engine would've held no interest for me. The problems with the 996 fundamentally relate to a 'design fault' that was only rectified on the 997.2.
I'm just looking back now on what I've spent on the car in the last eight months, and a lot of this stuff is age related rather than mileage related. My car is now 18 years old, so it was no surprise that it needed new radiators, condensers, hoses, coolant reservoir. None of this is cheap stuff to sort out, yet it will still be just as necessary on the low mileage car.
I bought my car at 99k miles, although with a brand new engine installed. I drive 20k miles a year in the car and wasn't willing to take a chance on anything other than a new engine from a certain well known company. A low mileage car on the original engine would've held no interest for me. The problems with the 996 fundamentally relate to a 'design fault' that was only rectified on the 997.2.
I'm just looking back now on what I've spent on the car in the last eight months, and a lot of this stuff is age related rather than mileage related. My car is now 18 years old, so it was no surprise that it needed new radiators, condensers, hoses, coolant reservoir. None of this is cheap stuff to sort out, yet it will still be just as necessary on the low mileage car.
LordHaveMurci said:
Has the OP actually stated if it's his car he's looking to sell or a car he's interested in bidding on?
Clever marketting.Its gone to 18k already, and funneled interest towards it.
If he'd advertised it at £18k, people would just move to the next ad.
My money is on him selling it.
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