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YOUR RESEARCHQuestion re: $ values of various years/models
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'03 c4 cab model
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As far as the OP's question - I disagree with Riad - I'm sure it was the '03 C4 Cab model that will hold it's value the best
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A decent one will cost you at 50 grand these days and are running all the way to six figures.
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Happy Holidays,
Another "New guy" question... For the past few months I have been using this discussion forum to help me learn about Porsches. I have mentioned to several friends that this is a GREAT way to learn about these cars. I really am benefitting from all of your current and past posts. Thank you. This has made me feel much more confident about working on my 996.
My newest question is: What are the values of the various models/years of Porsches? For instance I think the 944 was originally created to appeal to a level of buyer at the lowest end of Porsche ownership....thus one of the lowest valued model.
Which are the "Collector Porsches", etc.
Maybe you guys can add a little bit of information each and us "new guys" can learn this information.
Thanks for the education. It has already been very beneficial.
Happy Holidays,
Andy T
There is no getting around the fact that cars are a depreciating commodity, some more than others.
I don't really know that much about the 993 versions, but what little I have read about them they seem to have veleled out in value with some models appreciating in value. THis is due to a couple of reasons: 10 they were the last air cooled 911's and 2) fewer 993's were sold than 996's.
The 996's continue to depreciate as do the 997's. Even the limited production Carrera GT's have depreciated and will probably continue to do so, but not as rapidly as other Porsche models.
I think it is important to enjoy the cars for what they are, a truely unique icon for which there is no substitute!
Currently the most recently rapidly appreciating models have been the late 60's through 1973 911 S's. A decent one will cost you at 50 grand these days and are running all the way to six figures.
Is that so? From the prices I'm seeing for 993's, any of the 996's are depreciating more rapidly. I wish your statement were so. I paid well over $75K for my car 2 years ago - I'd take a very substantial hit if I sold it today - even in pristine condition and with less than 3K miles on it.
It's not so, not even close.
It was a joke - hence the statement "That's my story and I'm sticking to it"
I paid about $110,000 (tax included) in 2004 for my C4S and it's probably worth in the low 60's now.
Riad - mea culpa!! It's early. It's the Sunday morning after Thanksgiving. I've had my family here for 6 FRICKEN DAYS for the holidays!!
Now, you can understand why I took you seriously. I'll know better next time, that's for damn sure.
Just realized, this is my 996th post! Coincidence? Hmmmm.....
God bless you! I'm guessing you have a pending visit scheduled with your therapist? Look at the bright side, you have a new topic to discuss (a.k.a. family camped out in your house for 6 days) instead of the "usual" topic (a.k.a. Tim keeps making fun of me for not driving the Porsche).
I'll bet your therapist will add your family members to his Christmas Card list! He should because I heard him say the other say that “After Thanksgiving, one of my clients is buying me some TechArt wheels for the Turbo!”
Consider your goal. Do you want one for regular driving that will depreciate less than others?....or do you want a collector car that will hold or increase value, but one you won't drive very much?
Older cars may appreciate, but are not good choices for regular transportation...esp. if you are worried about depreciation. Late 80's cars are well designed, have low entry fees, still have good parts availability, are great to drive and are galvanized. Or go later for more modern creature comforts....but more depreciation.
While 996 prices have been dropping lately, I really don't see them going much lower. I mean, you can already get into a 996 for slightly more than $25k...does anyone really think the gap between the 993 and the 996 will get any bigger than it already is? At some point people that just want to own a Porsche will wise up and ask themselves why they'd pay more for an older car.
IOW, I think the 993 prices will actually HELP 996 prices before too long.
I can commiserate with Phil - Just dropped the in-laws of last night after a full week with us... they're nice enough folks, but a week of Korean soap opera's was enough
As far as the OP's question - I disagree with Riad - I'm sure it was the '03 C4 Cab model that will hold it's value the best
Yeah, right.
As other's have said some 993 models in nice condition have appreciated more due to rarity than anything else.. however, given the #'s 996's Porsche manufactured I think we're going to have to wait a LONG time to see that kind of any kind of appreciation on the 996 models.
To me, cars are like computers. Pretty much figure they're sunk money - enjoy them for what they are, and if when it comes time to sell, you end up getting some money back out of your investment then consider that a bonus.
- Nick
Hey Nick,
Happy Thanksgiving. I agree with your comments up to the computer analogy. A computer will loose nearly 100% of its value. Even if someone purchased a brand new 996, it should hold/have held 60-75% of its value after a few years shouldn't it? I like what RF5BPilot mentioned in his post...buy it as a regular driver knowing that it will depreciate less rapidly than other cars. That was my thought when I got into Porsche ownership.
OK... So far I have learned that 993's hold their value because the are the last air cooled and relatively few were produced. 1960-1973 911 S's are actually appreciating in value, although I am not sure why 1973 was the last year noted. What happened to the 911 S in 1974?
Thanks again.
Andy T
The modern 911s certainly don't hold their value like the old ones.
I bought my '82 Targa in '91 for $20k -- drove it for ten years, put 70k miles on it, and sold in 2001 for $15k.
74 was the start of the US impact bumpers and other variations that are far less attractive to the early car buyer. Up until 73.5 is the magic early car years.
You mean my Commodore 64 hasn't retained 60% of it's value?
You're right - computers and other bits of electronic technology probably depreciate faster, but I tend to treat 'em the same way in my mind.. as spent money.
If I get something out in the end, so much the better - but it's not something I count on.
- Nick
There really is a ton of history out there to learn if you have the time. Wikipedia is actually a good base source to learn from as, believe it or not
, each of the forums here are
slightly
biased toward their own generation/type of car. One great part of ownership is the history and there is a rich heritage and lineage your car is descended from. In many ways, the 996 is recognition by porsche that their flagship car has and must move to the future. I happen to think that it is also a throwback in some of the visual clues to the original with minimal flaring and smooth lines, but that is a lengthy debate and is immediately debunked by not having round headlights
In any event, have fun and welcome to the nuthouse.
