996 facelift - future values?
Discussion
straw poll -
facelift 2002 996 bought for £30k today
likely value in 18 months time?
£25k?? less?
are there any clever sites that do depreciation modelling? my excel skills are being tested to the max here!
Background - I am trying to justify the purchase of another 911 to futurewife (in the year of our wedding - its a tough ask....and she is an accountant
)
Am i on a hiding to nothing arguing that the bulk of the depreciation will have been done in the first 5 years on life - so a well maintained warrentied 996 represents great value.....
...well kinda.
any opinions?
Cheers,
BERGS
facelift 2002 996 bought for £30k today
likely value in 18 months time?
£25k?? less?
are there any clever sites that do depreciation modelling? my excel skills are being tested to the max here!
Background - I am trying to justify the purchase of another 911 to futurewife (in the year of our wedding - its a tough ask....and she is an accountant
) Am i on a hiding to nothing arguing that the bulk of the depreciation will have been done in the first 5 years on life - so a well maintained warrentied 996 represents great value.....
...well kinda.
any opinions?
Cheers,
BERGS
2002 facelift for 30K sounds very good value already, so - unless its done a high mileage or has some stories - sounds you're onto a good one.
Price in 18 months will depend on mileage, condition and colour. Can't see it going down as far as 25K. The cheapest 2001 facelift I saw (recently) was 26K with 120,000 miles on it.
Keep the mileage below 70K ish, make sure you get a 111pt check and warrantee it, keep the warrantee on it, and I reckon it'll still be worth 28K to 30K in 18 months time.
(unless its red, with savannah interior and tiptronic of course) ...
Price in 18 months will depend on mileage, condition and colour. Can't see it going down as far as 25K. The cheapest 2001 facelift I saw (recently) was 26K with 120,000 miles on it.
Keep the mileage below 70K ish, make sure you get a 111pt check and warrantee it, keep the warrantee on it, and I reckon it'll still be worth 28K to 30K in 18 months time.
(unless its red, with savannah interior and tiptronic of course) ...
diesel130 said:
2002 facelift for 30K sounds very good value already, so - unless its done a high mileage or has some stories - sounds you're onto a good one.
there's a few about - one at henrys place - think its a 2003 in fact - so yes, at that price would probably been to the moon and back
then again it does have that dog diahorrea coulour interior 
www.911virgin.com/996zda.htm
there also a targa in rainforest green that is oop north somewhere - for under £32k
http://dealerservices.autotrader.co.u
great value really. as i said - my battle is getting sign off from the future other half! wish me luck!
BERGS2 said:
nervous said:
ballcocks car is for sale, if i was in the market for another, id have his.
errrrr. 60k euro???? for a '99 3.4 in Green with the dog poo interior?
chancers price!
(no offence
) ... Not the first time I've been called a chancer , and hopefully not the last. 
On the other hand , that price is what you would call an opening gambit , the colour combo is very much personal taste and I would buy the same again , but the car is pristine , is OPC warranted (unusual for an Irish car as unfortunately we just don't look after our cars as we should over here) and finally , and most importantly , Irish car prices are bloody ridiculous due to insane Government tax , therefore (if you do your research) you'll see the price isn't all that outlandish after all.
Ah shite ... Delete all of the above .. I prefer being a chancer!!
steve996 said:
Sold my absolutely minted 29K 02 privately for 33250 last week. Works out at 16% depreciation in 11 months. Just as well I negotiated 2K off his sticker price when I bought it, otherwise it'd have been over 20% of a hit in less than a year!
I think the major part of depresiation is the dealer bid/offer spread, they have to make a living.
If you buy private smartly, you could get it down below 10% PA easy.
I'm in a similar position - I'm picking up my 2002 Targa tomorrow from an OPC. getting through the Finance Committee (The Wife) took some doing - but eventually she OK'd it. I've got it from an OPC so has teh 12 month warrenty, on 29,000 on teh clock but i do expect to do 15 - 20,000 a year for a couple of years. I think it should be worth £25,000 if I keep it tidy. I recommend keeping a small 'pot' of cash locked away in the garage - and paying cash for everything!
WingedTiger said:
I'm in a similar position - I'm picking up my 2002 Targa tomorrow from an OPC. getting through the Finance Committee (The Wife) took some doing - but eventually she OK'd it. I've got it from an OPC so has teh 12 month warrenty, on 29,000 on teh clock but i do expect to do 15 - 20,000 a year for a couple of years. I think it should be worth £25,000 if I keep it tidy. I recommend keeping a small 'pot' of cash locked away in the garage - and paying cash for everything!
nice - good luck with the car!
if you dont mind - how much?
jonny996 said:
steve996 said:
Sold my absolutely minted 29K 02 privately for 33250 last week. Works out at 16% depreciation in 11 months. Just as well I negotiated 2K off his sticker price when I bought it, otherwise it'd have been over 20% of a hit in less than a year!
I think the major part of depresiation is the dealer bid/offer spread, they have to make a living.
If you buy private smartly, you could get it down below 10% PA easy.
You could get it down a bit, not sure about 10%, that would have meant I'd have had to find my minted 20K mile 02 C2 with an OPC warranty a year ago privately for about 36500. I looked pretty widely around at the tome and there weren't many decent, low mileage ones around much below 40, and certainly very few North of the border. I agree I paid a wee bit into Kenny Dunns pocket (the Edinburgh Indie I bought it from) but to be honest I saw a few pre-facelift sheds at the time in the 35+ range.....
Either way, I'm not actually complaining - I had some very memorable drives in it for my 6 1/2 grand and loved every minute of the ownership experience (apart from selling it!). I will definitely have another a few years down the line.
Hi Bergs2 I paid 38,500 for mine from an OPC. From my position (I haven't a clue what I'm talking about mechanically basicaly and it will be a first car doing 15,000 a yr) I thought going to an OPC would be best - its MOT'd etc for 12 months has the 12 month warrenty, 4 new tyres, refurbed wheels, they've chucked in some updated discs for the Sat Nav too whicg are over £400. So I feel I've paid about £37,000 plus warrenty plus discs. They found the air con wasn't great so they've fixed that too - so all in all I'm pretty happy.
Its only done 29,000 and its a 02 plate - it doesn't feel like i've paid over the odds ...though tell that to the wife...!
Its only done 29,000 and its a 02 plate - it doesn't feel like i've paid over the odds ...though tell that to the wife...!
steve996 said:
jonny996 said:
steve996 said:
Sold my absolutely minted 29K 02 privately for 33250 last week. Works out at 16% depreciation in 11 months. Just as well I negotiated 2K off his sticker price when I bought it, otherwise it'd have been over 20% of a hit in less than a year!
I think the major part of depresiation is the dealer bid/offer spread, they have to make a living.
If you buy private smartly, you could get it down below 10% PA easy.
You could get it down a bit, not sure about 10%, that would have meant I'd have had to find my minted 20K mile 02 C2 with an OPC warranty a year ago privately for about 36500. I looked pretty widely around at the tome and there weren't many decent, low mileage ones around much below 40, and certainly very few North of the border. I agree I paid a wee bit into Kenny Dunns pocket (the Edinburgh Indie I bought it from) but to be honest I saw a few pre-facelift sheds at the time in the 35+ range.....
Either way, I'm not actually complaining - I had some very memorable drives in it for my 6 1/2 grand and loved every minute of the ownership experience (apart from selling it!). I will definitely have another a few years down the line.
you got to take the £895 for the warenty out of the maths as that was insurance not depreciation.
I to got mine from kenny dunn & all I can say is I walked into the deal with a saab worth £6k, drove a 996 for a year then walked out with a audi worth £4k, I ain't complaining.
Did you sell yours back to Kenny?
jonny996 said:
steve996 said:
jonny996 said:
steve996 said:
Sold my absolutely minted 29K 02 privately for 33250 last week. Works out at 16% depreciation in 11 months. Just as well I negotiated 2K off his sticker price when I bought it, otherwise it'd have been over 20% of a hit in less than a year!
I think the major part of depresiation is the dealer bid/offer spread, they have to make a living.
If you buy private smartly, you could get it down below 10% PA easy.
You could get it down a bit, not sure about 10%, that would have meant I'd have had to find my minted 20K mile 02 C2 with an OPC warranty a year ago privately for about 36500. I looked pretty widely around at the tome and there weren't many decent, low mileage ones around much below 40, and certainly very few North of the border. I agree I paid a wee bit into Kenny Dunns pocket (the Edinburgh Indie I bought it from) but to be honest I saw a few pre-facelift sheds at the time in the 35+ range.....
Either way, I'm not actually complaining - I had some very memorable drives in it for my 6 1/2 grand and loved every minute of the ownership experience (apart from selling it!). I will definitely have another a few years down the line.
you got to take the £895 for the warenty out of the maths as that was insurance not depreciation.
I to got mine from kenny dunn & all I can say is I walked into the deal with a saab worth £6k, drove a 996 for a year then walked out with a audi worth £4k, I ain't complaining.
Did you sell yours back to Kenny?
I'd already taken the ADDITIONAL £500 I gave Kenny for the OPC inspection/warranty out of the equation! (He gave me a deal against his own warranty i.e I went OPC rather than his own cover and paid the difference)
I didn't sell it back to him, I sold it privately to a local guy near Aberdeen. After advertising it I'd actually half changed my mind and decided not to sell after all....and then I get a phone call and a genuine buyer - it was a bit of a quandry
Looks like I'm coming back down to Edinburgh to look at a beast of a Cayenne, not at Kenny's though.
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