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YOUR RESEARCHAccording to Evo the are appreciating!!!
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first water cooled production 911
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Suggestion
The low mileage, unmolested and clean C2 coupes on the market had been flat but been slowly creeping up in asking price and I imagine in final sale price in the last year.
Leading evidence: 'first water cooled production 911' (1 discussions report identifying this cause; no attributable repair resolution). Across 1 matching discussions, the most frequently mentioned possible cause is 'first water cooled production 911' (1 discussions; 1 report identifying it and 0 suggest it). The most frequently discussed action is 'Clean c2 coupes' (1 discussions). For that action, 0 discussions report a resolution and 0 report an unsuccessful attempt. No action has an explicit, attributable resolution report under the current rules. These are forum reports and suggestions, not a confirmed diagnosis.
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Low mileage examples are below 40k miles are being replaced with the new below 60k low mileage.
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Suggestion
The low mileage, unmolested and clean C2 coupes on the market had been flat but been slowly creeping up in asking price and I imagine in final sale price in the last year.
Explicit resolution reports before identified causes, performed actions and suggestions. Within each level, matching component labels precede direct query mentions and inherited thread context; successful versus unsuccessful discussion counts, owner confirmations and independent discussion support determine order. This is not a probability of success.
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Suggestion
Head studs pulling out over and over, general fussy running once you had any miles on it.
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Clean c2 coupes
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Suggestion
The low mileage, unmolested and clean C2 coupes on the market had been flat but been slowly creeping up in asking price and I imagine in final sale price in the last year.
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For Christmas my dear old Mother in Law got me a copy of EVO, (thank you) anyhow I had to smile when I read this 997 buying guide.
Looks like I bought mine at just the right time!!!!!
Must be the MW effect.
I don't really want them to go up.
More cost to replace
More opportunity cost to drive
Less supply on the market in terms of color choices, interiors, etc.
***not scientific or validated***
I bought mine almost 3 years ago and found it but saving my search parameters on Autotrader. Usually once or twice a week I reopen that search to see what's on the market and prices.
Ive noticed a few things: based on my car
I bought an under 30k mile 02 tt at $40k. 2 previous owners stock and documentation dating back to initial purchase.
A car identical is averaging 4-5k higher on Autotrader.
Low mileage examples are below 40k miles are being replaced with the new below 60k low mileage.
Less cars are available.
The nice thing is, I know I will at least break even if I decide to ever let it go.
I sold my 996 C4 2 years ago with 131K miles with a refreshed engine for $21K. I thought the car did pretty well.
ps.....this article is good news for 997's too!
I know many will disagree with me here, but the 996 has the potential to be a very valuable car in the near future. Some of you would find that laughable due to the amount of 996 cars that were sold during it's production years and the problems (i.e. IMS failure) that tended to tarnish it's reputation with owners, but still, there is something to think about here.
A few reasons why the 996 has so much $$$ potential:
1. It was the first water cooled production 911
2. The tear drop (or "fried egg" if you prefer) front lights caused the purists to freak out worse than the Hillary supporters during the 2016 presidential election night. The unique design was hated, but because it was radically different, that will mean more demand from collectors.
3. The 996 was the very last 911 Ferry Porsche witness to go into production. In fact, he traveled to meet Pinky Lai to personally thank him and have his photograph with the designer from Hong Kong.
4. It was "the 911 that saved Porsche" from utter demise.
5. On most respects, the 996 was from ground up a completely new design unlike any of it's predecessors. Ok ok ok... I'll admit it... Porsche reused the 4-spoke steering wheel on the Mk1 996.
cheers!
I just purchased my first 996. I have been watching the market for the last four years and really paying attention the last two years.
The Turbos, GT3, GT2 and 4S models have been appreciating, but the coupes had been staying flat.
The low mileage, unmolested and clean C2 coupes on the market had been flat but been slowly creeping up in asking price and I imagine in final sale price in the last year. I noticed the asking prices where staying flat but the cars had more miles and issues on average. I decided it was time to buy one.
As the saying goes, "a rising tide lifts all boats...." Disclaimer: these are just my subjective observations...
Don't confuse optimistic asking prices with sale prices. Lots of dreamers. For real data go to EBay "Completed Listings" . Not perfect nor complete data but at least it is an actual sale price.Ignore NADA, Kelley ,Edmunds because the value depends to a huge extent in maintenance and PM. Those 2 issues are seldom mentioned in the jouno-reviews
I agree there are many sellers with unrealistic asking prices that don't sell or they end up taking much less than the asking price.
Ebay "completed listings" is one of many sources. The actual "sold listings" gives a better snapshot. I see the general pool slightly dropping in value because of aging and more miles etc. However is you look at year over year and an apples to apples comparison (miles, model year, owners, maintenance records, etc.) my observation has been they have been flat to slightly increasing.
NADA and KBB has such a wide range from trade in to retail options and condition dependent that they are only good as a general guideline to pricing.
All cars go through a bellcurve of value as time passes.
I wouldn't say a NA 996 is a good investment, but my opinion is we are at or close to the bottom of the bellcurve and a good time to get the most for your $.
I agree with you, and what simply drives the 996 prices down is the amount of trashed cars out there. You don't really see a lot of trashed 993s, or 997s.
I'm seeing collector cars in general starting to creep up, including Porsches.
Some of us are old enough to remember cars like my current '77 911S with the "dreaded" 2.7. Lots of heat soak trouble due to "thermal reactors" (cat converters) tucked up nice and close to the engine, causing all manner of mischief. Head studs pulling out over and over, general fussy running once you had any miles on it. And, if you weren't an expert on C.IS. when you bought one, you would be by the time you sold it. All this aside, My '77 is now worth more than my '99 these days. For regular use, I much prefer the '99, and no, I don't feel any more "connected" in the '77. I think the 996s will continue to do well, but as others said, I bought mine to drive!
