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YOUR RESEARCHFor all those ripping on 996 values.......
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Replace way they did things in order
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Porsche had to change the way they did things in order to survive.
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Before I bought my car I did a lot of research and ultimately figured on around $5k per year in dep. Not great but I was willing to live with it.
Best value I ever had was my BMW K75c motorcycle. Bought a used one and paid GBP1,200 for it - rode it for 18 months and put over 50,000 miles on it (yes, you did read that right) and then sold it for GBP1,000. Now THAT was cheap motoring...
Barry
Wow! That's great! You must have kept it in immaculate condition. My 2000 996 has about 75,000 miles on it, so I probably won't sell until either the Boxster Coupe or the 998 come out in a few years. I'd be lucky to get $35,000 for mine right now.
Congrats man!
The key was getting the 2000 C2 for $50K. I bet the original owner paid at least $80K for that car and sold it about three years later to you for $50K.
nice trade Robert!!! enjoy, enjoy, enjoy! oh yeah - enjoy that black paint as well
my next car is going to be either Red or Polar Silver(and a turbo
) i'm done with black
Thanks all...I bought it right w/ 11k on it and highly upgraded...Sold it with 23k on it and it was show room condition, even though I took 3rd in my class for the year in auto cross season...
I love my 997!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! What a car.....Sport chrono is awesome, along with factory short shift kit I could care less about any other options.....
R
The cheap 996's are cheap for a reason. Usually, low options, plain vanilla cars in salt locations. blah. Don't worry about Porsche values. If the car is nice, people will pay.
Um...NO! My car was loaded up with many desirable options. And, is in concour condition (mentioned by a local PCA rep). I say again...the deals will be out there. Porsche is no longer in the "unique car" catagory. Ferrari is. Aston is. Porsche had to change the way they did things in order to survive. If they still made the "hand built" cars of old, we would not be driving them. Face it, they make thousands of these cars. Yes, they make incredible machines. As sad as it is, they just are not as special as they used to once be.
All in all, they are a fantastic car. And, I will love them as long as I breathe. I am a tried and true Porschephile. I just report what I see...
Chad
I think it was mentioned before, but the key was that you got a nice pre-owned, low mileage car for a very good price. It will be interesting to see 997 values over the next 2-3 years. I highly doubt that they will hold their initial values like the early 996/Boxsters during the dot com bubble. Either way, nice ride, happy to see that you are happy, and someone else got a beautiful 996! Win-Win.
Dhad, congrats on your deal but what are you in the process of doing now????? Converting your plain jane car to an aero style car. In the end, you will have invested more dollars to make it look better. You are just going about it in a different way. Aero cars bring an easy $5k to the table and actually sell easier than most any other option, including awd.
I do agree on the hand builts vs. the machine builts, there will always be a following for the old. IMO, I don't think 996's of any kind will venture too far below the $30k mark. If it's a factory aero or c4, I'd expect closer to $40k-$50k depending on year. BTW, I sold my C4 with partial aero for $54k. I bought it for $51k two years ago. Today's value would be around the $40-$45k mark guessing?
997's will be the same value wise as the 996...early on they will hold a bit but once market is flooded with them they will go down like everything else ....
Yep - all modern cars face this now. Once the lease terms are up, tons of used ones are dumped onto the market and prices go down. High-end cars like Porsches are especially vulnerable since more people can afford to lease them than buy them when new - or there are the growing segment of the market that don't like driving anything that's out of warranty.
Emanuel
i like this guy
btw, dallsboats, your car looks awesome. what wheels in what size? LMs? 19s? What'd u use to lower?
so i'm looking on ebay just checking out the market... really interested in a 2001 C2 with full aerokit and a nicely optioned interior. would like to keep it under 25K miles. what's the approximate $ range for a car in mint condition that's been cared for rennlist style?
also, do the C4s drive better? how much slower is it than a C2?
congrats and glad you sold your car for that price.
But sadly, your good luck is the exception, not the rule. Even 996 Turbo prices are lowwww.. I saw a couple under $70k RETAIL. An X50 2002 sold for $85k private party.
I've only driven a friend's C4, and that only once, but I loved it even more than he does. He got it because we're in Chicago and the weather can be iffy. I liked it because rather than a tail-sliding Tiff Needel style driver, I like to go fast with agility and precision, and the C4 has the grip to give me that at levels few cars can this side of a Lamborghini Gallardo. Porschephiles like to say you might lose them on the straights but they'll catch you in the twisties, and that's never been truer than with a 911 C4.
But that's a matter of taste - try one yourself.
Emanuel
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