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YOUR RESEARCH996's not as de-valued vs. 997 as we thought?
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It's not old enough to be considered a "classic" and not new enough to be considered "current" or state of the art, so the prices will reflect that and it adds up to a good used sports car deal!
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Some low mileage high optioned Gen 1 cars are still going for low to mid $50s....just check online.
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It's not old enough to be considered a "classic" and not new enough to be considered "current" or state of the art, so the prices will reflect that and it adds up to a good used sports car deal!
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Just screwing around as usual and plugged some numbers into the N.A.D.A. site. Base 911 Carrera w/ no options except for traction control(since it became standard in 2005) average 6k miles a year.
2002 w/72k miles $23,600
2003 w/66k miles $26,300
2004 w/60k miles $31,500
2005 w/54k miles $36,500
2006 w/48k miles $39,100
2007 w/42k miles $42,600
I know this proves absolutely nothing but the price increase looks quite linear to me. I don't see the sudden jump in price when you move up to the 997's in 2005. And granted you typically won't see 2005-2007's this cheap usually because their mileage is much less. BTW if anyone is wondering why this idiot (me) is dicking around providing all of you with such useless info it's because I've been laid up with a foot injury the past 6 weeks and have nothing better to do.
Because 997 interior looks ugly as hell. I meant let's face it and you gotta admit 997 interior just purely sucks when compared to 996.
Only good thing about 997 is the front end, some can argue 996s MK1 & MK2 aren't bad, but 997 rounded headlights look much sexier.
Just my $.02
Fixed. Because the 996 interior is garbage. The hvac and plastic all look straight out of a Honda or Toyota of the same gen. Full leather helps, but it's still a major failiure.
996 = great engine. Excellent car to drive. Poor interior. Ok exterior (front headlights just aren't Porsche imo), doors never should have gone to the flip handles instead of the actual door handles of the 993 and 997. I could go on.
LOL. I too was unable to drive my car (Cayman) for ten weeks last fall due to a broken foot (left). Talk about frustrating.
Luckily I was able to drive my wife's C4 because it's a Tiptronic, at least when she wasn't using it.
I believe that even Porsche "cult" will start experiencing the AMG syndrome very soon.
With Porsche line up becoming ever diversified and 911s becoming even more common and so much more complex, the inevitable will happen. Prices of all Porsche cars will be diving immediately after the purchase.
Now, with new legislation trying to mandate the "communicating" cars and "self driving cars" are now just around the corner. I am willing to BET $100 that by 2050 you will not be allowed to drive a car by yourself in USA, which would mean that all old cars in USA will become obsolete or illegal to drive.
So, buy that house in Russia or Mongolia, as those places will be the last refuge for non-self-driving vehicles.
I don't think so. Read the 2013 TUV Used Car reports. It'll have you believing that 911's only get better with age. It's amazing how they consistently lead most categories. 6-7 year old 8-9 year old 10-11 year old.
I know our cars will forever suffer from the stigma of the IMSB issue but once you get past that we're golden.
The fact is that the 996 is currently in no man's land, just like any other sports car that's in the 10 - 15 year old range. It's not old enough to be considered a "classic" and not new enough to be considered "current" or state of the art, so the prices will reflect that and it adds up to a good used sports car deal! Check out the prices on a BMW Z3 or Z4 or Merc... same thing! As for the IMSB - there's a fix for it! Interior - not up to the price demanded for the car new, but certainly better than the previous gen! Round headlights = not a Porsche - seriously? Maybe they should go back to 14" wheels too?
I think the drop in 997 prices was inevitable with the launch of the 991. Early 997s will be under $30K before you know it. The cycle will repeat when the 992 launches.
Wash, rinse, repeat.
I've already seen higher mileage 997s (70-80k-ish) showing up for under $30k on Craigslist. On the other end of the spectrum, it's hard to find a quality 996 for less than $15k, even with higher miles. So you have the 996 really starting to bottom out, with the 997 starting to sink into the same price range. I don't think the 997 will ever be as cheap as the 996 generally speaking, but I bet they are well into the $20k range within a few years. It's win-win for enthusiasts, because we'll have our pick of some really great 911s for the price of a new Civic.
I see the 997 prices plummeting her also. Ultimately I think the 996 will win out in the collect-ability stakes as it was the first of the water cooled 911s and the 997 isn't (despite being a nice car).
Year 2050 BJ Auction. Now here we have a 2003 Porsche Carrera 4S. Notice the extremely rare NON-ROUND headlights. Those headlights make this car an instant classic. We expect it to sell for around $1,000,000,000,000.00 (inflation adjusted to around $100k in today's dollars).
997 prices 'plummeting.' Not really. Certainly they are decreasing, as would be expected. But not off any cliff that I see.
The bottom line with the water-cooled cars as compared to the SCs, Carreras, 964s, and 993s that proceeded them: Huge increases in production numbers, aided by leasing. Simply put, there are a lot more 996s and 997s in circulation. We can worry about the impact of things like IMS, etc. on prices, but I think that mostly this is simple supply and demand at work.
You're not standing where I am. Very few 996s in comparison to 997s and a $15,000 price difference difference between 03 turbo and a 08 turbo both with 50k miles.
I have been actively looking for a 997 for several months and hope to find one by June. Any of the cars I have found that are priced in the $30's are all high mileage (over 70K). My 996 only has 66k on the clock so thats not going to work for me. I looked at an 06 Cab, triple black that started at $49k with only 15.5K miles. I watched it drop to $44K which is when I took a look. The rotors were completely rusted and yes, it was an east coast car. I was concerned it was a Sandy Car so I didn't even drive it.
A guy about 150 miles from me had an 07 in my #1 color combo, low miles but wanted $59K. I told him I thought he was at least $12-$15K high, but if he was motivated I would make the trip. He told me to stay home.
Short story is that here in Scottsdale where Pcars are plentiful, prices are still up even with lots of supply. Good for my sale, but not for my purchase, but I guess it all works out in the end. The search is half the fun anyway.
Totally agree. The 996 was the first really mass produced 911, and the first full departure from the the original design. The air cooled cars are seen as classics today, and their value is appreciating accordingly. The 996 is much like the '74-'77 911, a car that had a fatal flaw (thermal reactors) and was bookended by much prettier models. The '74-'77 has gone up in value but nothing like the others, they are really the only affordable air cooled 911 left. I suspect that in time the 996 might take a similar path. Bottom line, if you're buying a 996 expecting eventual appreciation you will be very disappointed.
While certainly of casual interest, and important to you no doubt, you would perhaps agree that values and availability in Dubai don't actually have any relevance for this discussion, right?
Buying any Porsche product beyond a few special editions (or a 918) and expecting any appreciation will be disappointing. Porsche is now mass-producing automobiles. Wonderful cars to be sure, but not rare or collectible in any way. Just too darned many of them.
This is not a complaint in any way; I'm glad Porsche is stable and profitable - and going back to LMP1. But there is a certain something that is lost, perhaps something that a modern car just can't provide the way an old 911, or an MGB, or an XKE, or a TR3, or a (fill in your favorite here) can.
I have to agree, and it's not because I have a 997.
Well maintained 997s with decent mileage are still up there, mid to high $40s for gen 1. Some low mileage high optioned Gen 1 cars are still going for low to mid $50s....just check online. Now if you feel like it's worth it or not that's a whole different story. For high $50s - low $60s I would take a gen 2 997 (as I have) vs. any gen 1 outside of the Turbo. But that's just me. Some folks value options, color and package more and would easily pay top dollar for a gen 1 car. Therefore prices are still up there. I do feel like the 996 prices have reached near the bottom. No way can 911s get any cheaper. 996 turbos though are still well into the upper $40s lower $50s for decent ones.
Porsche951: Since you've apparently got plenty of time to site around and twiddle, can you look up some more year -vs- price data and plot it out? Be sure to collect random data. About 100 cars should be good. Let's see if this is truly linear. I'll calculate the R-value and standard deviation if you can throw it into a table.
And, more importantly:
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I believe auto price depreciation follows a natural log (Ln) elimination pattern. Within the same design models, different year model should follow a zero order decrease then when a new model is released, a steeper one time first order depreciation occurs. Here's a graph of simple zero order depreciation following a natural log formula. Steeper depreciation in the beginning that tapers off.
I never thought my pharmacokinetics principles could be applied to Porsche pricing.
Thank you mom and dad for supporting me through my education. It has paid off.
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