996 prices falling...what to expect from 997???

[MichM3]

Dear,

996 prices are dropping enormously...we bought a second hand '98 996 convertible back in 2004 and are selling it now...we lost nearly 12.000 euro (8500 pounds) at 1.5 years time. Sad, sad, very sad. OK I'm from the continent but as I'm a dedicated 911&PW reader, I saw the prices dropping here in the UK as well...a regular 996 can be found cheaper than a regular 993 (yes yes, the 993 is the last of the "classics" and the last air-cooled model and it's doesn't look like a Boxster, etc...but it is freightening!). There are so many 996 produced (a lot more than the 993) that it has lead to the fact that the offer is bigger than demand.

So as we conclude that the 996 isn't the most popular model according to Porsche-men, what will be the behaviour of second hand 997? This model is far more popular, but will the large production figure do drop the prices like with the 996???

regards,

Mich

[bumcrack]

more of the same i feel, puts me off buying the 997

>> Edited by bumcrack on Monday 26th December 18:19

[gunner]

tough to see 997 prices doing anything other than following similar trend to the 996 ultimately.no comment on whether or not it's a good car,I'm afraid anything being manufactured in the sort of numbers that Porsche now churn out is bound to depreciate heavily.laws of supply and demand,plain and simple.

[rumplestiltskin]

More 997's will be made than 996's you can guarentee that (except the turbo) so the exact same will happen, the residuals will suffer big time.
A 997 C2s dropped £750 last month according to Glass's Guide.

[MichM3]

that's indeed very painfull and will withdraw me from buying a 997 in a few years...unless the models like TT, GT3, RS and other exotic names...perhaps also the 4S will tend to keep better value

[magriggs]

"Mass-produced Cars in Depreciating Shocker"

993 prices will come off eventually, when they start falling to bits.

[POORCARDEALER]

magriggs said:

"Mass-produced Cars in Depreciating Shocker" 993 prices will come off eventually, when they start falling to bits.

Good 993s will continue to fetch very strong money...............its only the ratty lower end cars that will struggle

[mikeg996]

And eventually all the "good" 993s will become old, rattly 993s...

[williamp]

If you bought somehting to appreciate in value (or at the very least, not to depreciate) then you should'nt have bought a car. Painting? yes. Sculpture? yes also. But you bought a new car. And regardless of what it is, it will cost you money.

Tough.

[sleep envy]

williamp said:

If you bought somehting to appreciate in value (or at the very least, not to depreciate) then you should'nt have bought a new car.

I'd like to add the above word in bold to qualify that statement.

The sought after cars such as E30 M3s, certain 993s, Mk1 & Mk2 Golfs etc will, at least, hold their value and in some instances increase in value.



ETA: 997 will probably command reasonably strong money to begin with but IMHO it will pretty much follow the path 996 values have gone.

>> Edited by sleep envy on Wednesday 28th December 09:39

[MichM3]

sleep envy said:

williamp said: If you bought somehting to appreciate in value (or at the very least, not to depreciate) then you should'nt have bought a new car. I'd like to add the above word in bold to qualify that statement. The sought after cars such as E30 M3s, certain 993s, Mk1 & Mk2 Golfs etc will, at least, hold their value and in some instances increase in value. ETA: 997 will probably command reasonably strong money to begin with but IMHO it will pretty much follow the path 996 values have gone. >> Edited by sleep envy on Wednesday 28th December 09:39

I didn't buy a new 996, but a second hand one...and depreciating 8000 pounds in 1.5 year is more than I expected...I don't say a car has to keep value or increase in value, but this was too much pricefall for a 7-8 year old 911 that only had covered an extra 6000 miles.

Besides, E30 M3's and MKI GTI's do keep good value, but they certainly don't increase anymore..certainly not these days;-)

[leosayer]

Buy a car from a dealer and then trade it in for another one (or the same one) the following week could easily see you lose £8000.

[bumcrack]

Certainly with OPC dealers

[james_j]

POORCARDEALER said:

magriggs said: "Mass-produced Cars in Depreciating Shocker" 993 prices will come off eventually, when they start falling to bits. Good 993s will continue to fetch very strong money...............its only the ratty lower end cars that will struggle

Yes, and give it a few years and the restoration business will turn to 993s. Most cars that have become collectable go through similar stages; for example, 356s were regularly scrapped when tatty as I am sure were many early 911s. Now that would never happen with a 356 or early 911, virtually any are looked at in terms of restoration instead of breaking.