What to do about the price of the 996 tt

Hi I am very activly searching for a 996 tt but am constantly being told that the cars that i am looking at , circa 50k will be 40k by christmas, do i wait ...?

996 tt prices Definitely wait and by in january. They will fall 1-2k per month from now.

Thanks Marc, all you people cannot be wrong so i think im gonna wait, is there anyone who thinks that this impending price drop will NOT happen.?

I am not so sure.. What year/spec you looking at ?

I would keep a watchful eye... Nothing much is selling at the moment, so I would keep an eye on how long they have been in stock if you are buying from a dealer (OPC or Indy). Most dealers operate a 90-day stock policy and will be more flexible shall we say at the end of the 90 days than at the beginning... :wink: Of course, you run the risk that the really nice ones get snapped up early, but at the moment, even they aren't selling - and as more Lehman Bros type situations happen, there may well be a few more on the market, with owners desperate for some cash! (Apologies to anyone affected, but I'm afraid this is the way of the modern World... )

Too true. The Canary Wharf car park opposite Lehman's is normally 911 central, with a smattering of Fezzas and Astons, but today there were a lot fewer in there. Maybe coincidence, but I don't think so. Clive

Im going for a 2004 or 2005 with less than 25k miles, Cheers for the replys too. Is there an argument to say that there will be alot of people waitinf till january so that will increase the price !

all you people? you only had one answer? and what credentials does that particular person have (no offence intended) but we are in the www here. If they falll 1 to 2k per month from now on that means it will be worth absolutely nothing in 2 years time............. I guess you can always look at it as free motoring from that point onwards.

here's a personal view on things (from someone who unfortunately works in canary wharf)... current shock to the housing/car market is largely related to consumer confidence (or the lack of it)... The press have been having a field day with doomsday prophecies about house prices (i can't remember the last time i read a balanced article)... Yes, the City (across banking / private equity / hedge funds / etc) is in a down cycle, and that is unlikely to improve for the net 12-18 months (personal view). So then it'll leave our cars (355s/360s/599s/996s/993s/etc) entirely reliant on the good ole market forces of supply + demand... cars in short supply (993s, RS models with ltd production numbers) will generally fare better than more commoditised/high-volume cars - which i think unfortunately includes 996TTs / 997s / etc.. Call me disgruntled, but i've lost a lot of respect for porsche on the basis they don't seem to be standing behind their product and have become more of a commoditised player like BMW/VW/Benz/etc... Give me a 993 and a recognised indie to service it!

The credit crunch is just used as an example, but it has nothing to do with availability of credit or finance. People can still get loans easily enough. No, it's pure supply/demand. It's nothing to do with the Porsche marque, or 996 specifically. Many 2nd hand cars are struggling. People are not buying, because a) they listen to the BBC who tell us every week that we're doomed in one way or another and b) they believe that because of the turmoil, prices will continue to drop. So the problem becomes self-prophesising. The trick is to try and buy at the bottom of the curve, the challenge is predicting when this actually is. Dealers have a problem, because they can only afford to lose so much money and they will just drop taking in cars that they cannot shift. My personal view is that the time has come for relative consolidation within the market, because FS companies are valued at bargain prices (look at HBOS for example) and the M&A will keep everyone busy for the next 12-18 months. By this time, banks will want to start making money again and this requires investment and liquidity, so that market will start to pick up. Continued growth in the emerging markets is also supporting the global banks and helping offset regional losses in EU and US. I think there will be a few more high profile casualties, but a new US Government coming in and a potential challenge in the UK will also fuel additional growth. On the topic of the original post, I would say that a mint 04 Turbo is probably worth around 45-50k and will continue to depreciate, but not at the rate that the marques been dropping. In general, a car that you want to use as a daily drive will also be a depreciating asset, but buying a car, such as the Turbo, that has had the majority of it's depreciation in the first 3 years will be a good buy.

I've also got a similar dilemma on when to catch it at the right time, I think I'm just going to buy in Jan what ever happens as this is generally when cars are at the lowest any way. I still haven't decided on a 996 C2 or 987 Boxster though...

Thank you very much for the time/effort in this reply, Im gonna leave it till December i think and buy then, unless anyone is desparate to sell a 996 tt with less than 25k miles and will accept Decembers forecasted price today !. forecasted price-------- 42k now-------38k december.

Well I just sold a 03 996 TT (Black manual 40k miles) to OPC Leeds for £35k they have given it a polish and put it into their own stock for £42k and I am sure they will do a deal. I would love to find out who buys it so I could give them a very pleasant surprise and an extra 50 horses :floor:

Buy in December and waste 3 months not driving the car of your dreams? Why not wait until Jan, Feb and save yourself another £2-3k? :frustrated:

Agreed :thumb: ....it's going to continue to depreciate at similar rates no matter when you buy it. As discussed elsewhere it's the cost to change that really matters.