When do 996 Prices hit bottom??

A 1982 911 SC with 200K miles is priced $10,000 more than a 2000 996 with 100K. Other than the engine kaboom, the 996 should be a better car than the 911SC in every way. No?? So when do 996 prices hit bottom (if ever)? 996 are currently priced like they aren't even a genuine Porsche product (like it was made by GM with a Porsche badge stuck on it). I have a strong interest in behavioral finance. Is this a classic case of market mispricing or are prices totally rational?? And are 993 prices hitting tulip levels??

Finally someone is addressing this issue.

My 79 SC sold a few years ago for $35k while I purchased it for $21k. My '99 C2 was purchased 9 years ago for $33k and might be worth $19-20k currently. So many Porsches that had poor resale value and were not looked upon favorably are now selling for big $. If you can wait long enough, even the 996s will eventually sell for bigger $ than they are now, but I wouldn't hold your breadth.

1982 Porsche = classic. 1999 Porsche = used car.

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+$996

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The comparison to make is to newer ones. How many 996 owners are 996 enthusiasts versus Porsche enthusiasts or 911 enthusiasts? How many will go to a newer one as time passes, the 996 gets older and the 997 cheaper? How many people in the market for a 996 would buy a 997 if they could? I am afraid it will get a bit more ugly for the 996 when the direct injection non-IMS engines become more affordable in the used market. In any case I'm in the market for a 996 and experience tells me whatever car I own drops to rock bottom once I own.

I want an $8500 996 with a good return or exchange policy.

996 prices hit rock bottom around here probably about a year ago. Prices are slowly edging upward - I suspect at least partially due to the state of the CDN $. Used to be a lot of US cars coming this way but now they are returning south across the border.

They have been rebounding during the last year, for sure. I see more demand for solid 996s with real price tags than we ever have. I get at least 5 emails a week from people searching for 996s, and that never happened before. They are looking for solid cars with the inadequacies addressed, and are willing to pay for them. The aircooled cars are the ones that are worth more everyday. Lots of reasons for that, and the high tide in the market isn't limited to Porsche. This is happening to most all special interest European cars, and has been for the last two years. It has little to do with which is the "best" car to drive.

While the air-cooled 911's will always have a following, new people to the market that are drivers will appreciate a car that controls its destiny versus the climate. Of course if the price narrows one would prefer the 997 due to the improvements and 911 headlights but otherwise 996's are in a sweet spot. I guess a $10,000 boxter is a lot of car for the money but in the 911 world there's a ton of daylight price-wise between a 996 and 911's. There has to be some sort of market correction. Like with anything else if we knew when we could make some money on an investment. Remember how the last several years everyone predicted the fed would raise interest rates after the following meeting? Still waiting .....time will tell.

The aircooled cars are a lot like a piece of property... No more exist. What started the aircooled price spikes was the 65-73 cars going up steeply in value. This brought up each generation along with it, and even the 2.7 cars are now worth good coin, though they were the last to respond.

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Yes. I need to know when the market tops out. My retirement plan is dependent upon it. I have the majority of my retirement invested in a 996. The market is at it's bottom for Mk I's right now. Don't hold your breath for an increase for at least 5 years. "And you deserve it! " Love, Yoav

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Tell that to Gator and be more convincing than I've been telling him he'll be asking a solid price for his. Maybe then it will be in my "why the hell not?" range I think they hit bottom a few years ago where a decent one was going for 15 and you could find the odd 13 one that wasn't a money pit. Now it seems the average is creeping up to the 18-20 range for a decent C2 in good mechanical shape with decent options.

I will not be persuaded by some hack that drives a Turbo. My MK1 is worth every bit of 40k. It's Guards Red for Christ's sake! I even added some fancy Armor All tire gel this weekend. It looks so racy with the shiny tires, yet classy at the same time.

"Hack"?! We 996TT drivers prefer the term "pretentious a-hole". Please have a little more respect in the future. Because Turbo.

Funny how you couldn't even sell a 964 a few years ago until now. I laughed at them, but now I'm crying (for not buying one.)

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I've seen this with NSX, e30 m3, 308, 328gts, 348, 914, CRX, etc. Unlike some of those cars though I always looked at the 964's as the worst in the 911 lineage and never regretted not getting one, even for investment purposes. My $.02

It is not often that I have a definitive answer, but to this question I do. Monday, September 21, 2015 at 7:30 pm. That's when I sold mine and if history tells me anything, then 996 prices will start to sky rocket.

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Wow I look at the 964 in a completely different light. I see it as a perfect intermediary between classic and modern from an air-cooled perspective. It still retains the classic 911 bug eyes and raised fenders yet underneath it's essentially a 993 MKI. Sure it had some teething issues leaking heads and distributor issues but I kick myself each time I see one for sale because I contemplated buying one about 7 years ago for the grand total of $17k. Was in great shape but instead I decided to look for a 996. Oh well...Might have not been the best investment money-wise but for my purposes it was the better suited vehicle.

Generally the week you decide to sell one... The real shame is that with the exception of the power plant reliability, the 996 is a truly remarkable car - far better than the air-cooled cars before it. This claim will **** off persnickety AC owners, but it's a fact. The car had more power, was less terrifying, and was overall the best-driving base-model 911 ever made. The incremental German stodgy development process went out the window when the 996 was designed - which was both awesome, as we got a revolutionary car rather than an evolutionary car - but also the Achilles' heel - how many simultaneous changes can you make without overlooking something really important? While there were corners cut to make the price point, endless gushing reviews in the car magazines at the time made it obvious that ours was in many ways the best 911 ever. This sentence will delight all of the "996 sucks, M96 sucks, blah" assclowns that troll this forum. *cough*KK*cough* There is a perfect storm of suck driving 996 pricing (and an associated halo effect for last-gen aircooled 911's). The 996 was made in MASSIVE numbers compared to previous models. Prior to the 996, Porsches were bought by Porsche-enthusiast stock brokers, lawyers, and other d-bags. The quantity of 996's produced, along with the lease packages Porsche put together for the 996, made the 996 attractive to ALL d-bags, regardless of whether they were Porsche enthusiasts. 996 values continue to swirl the bowl due to far too much inventory, endless bad press (because every douchebag Jalopnik writer thinks a pithy article about the 996 will launch his career into automotive journalist stardom), and public hand-wringing by owners who are terrified at the prospect of seeing an asset potentially turn into a significant liability. Porsche has an opportunity to resurrect the 996's reputation - produce an updated (i.e. reliable) crate engine for use in the 996. Regrettably, Porsche seems uninterested in this endeavor, and the sad reality is that far too many people will be absolutely gutted when they conclude that selling their beautiful 996 as a roller is the only option that makes any financial sense. The 996 COULD be Porsche's Miata, the car that the aftermarket loves because it performs so well - but not without affordable (and reliable) replacement engines. I hate seeing the posts for 996's sold as rollers because the owner can't justify the cost of a rebuild on top of what he already has in the car. It sucks for that owner, and it sucks for the entire 996 community.

I am confused. Gator? Are u KCAttorney??? am I seeing things? Oh, and like you, my 4CS is going nowhere under $35k... m

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Don't forget that the 996 came around just in time for Porsche to scoop up large chunks of Internet Bubble money. I was at AOL when we bought ours (yay stock options!) and ours was far from the only new Jag/Porsche/Z8/Ferrari/etc.. in the parking lot. We were all young, stupid, and had more money than we'd ever seen and Porsche (among others) was happy to take it from us Now of all of those people I've kept track of I only know of one other that still has his car (a C4S).

When a decent rebuilt engine costs $15k or less. "Decent" = lasts 150k+ miles.

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Now that's funny.

I'm just going to leave this here. Again. National Prices for Porsche 996 and 997s