How much did you pay for your used 996TT?
#198
12-05-2009, 04:41 PM
I saw/stole this format from M3forums, and i think it is very helpful for future 996TT owners, so if you don't mind, please share! 
1) How much did you pay for your used 996TT?
2) When did you buy it?
3) Year and mileage?
4) What was the original price, and how much did you bargain down?
5) Did it come with the warranty, or did you buy one, or neither?
Thanks, TK
1) How much did you pay for your used 996TT?
2) When did you buy it?
3) Year and mileage?
4) What was the original price, and how much did you bargain down?
5) Did it come with the warranty, or did you buy one, or neither?
Thanks, TK
June 2009
2003, 9500 miles
$62K. (Originally stickered at $119K. Have original sticker.)
New/improved CPO: 2 years (til June '11) 100K miles.
Sincerely,
Macster.
#200
12-06-2009, 05:51 PM
42.000 Euros (about 62K $) in may 2009
My 2001, 54.000 miles.
Balck with blue interior.
I've lost nearly 10.000euros in 6 months
....you can now buy 996tt's for less than 35K euros here in Italy.
As well as "like new" 996 GT2's for less than 65K euros.
My 2001, 54.000 miles.
Balck with blue interior.
I've lost nearly 10.000euros in 6 months
....you can now buy 996tt's for less than 35K euros here in Italy.As well as "like new" 996 GT2's for less than 65K euros.
#202
12-06-2009, 05:59 PM
it is what it is when it the car of your deams
I dont know why the 996 has come down so much - its a huge bargan i paid more or my perfect 964 with 40 k on the car. This 996 was perfect with 12k for $44,000.. I know i will be doing a clutch at 25 and some other mods but who cares... I did not spend the 115,000 cost when new. This car has a boatload of technolgy - its not a 500 hp 997 and i like the looks of a 997 but unless you hve 145k to burn and your a working man the 996 is a great care with lots of potential if you want another 100 or 400 hp. The air cool car is a thing of the past and way to expensive for what it is. RB
#203
12-06-2009, 06:10 PM
There are too many 996TT on the market. Porsche produced an astonishing amount of TT's. That's why prices are falling down.
I think it's the best value for money in this moment ( along with the Z06, IMHO)
I think it's the best value for money in this moment ( along with the Z06, IMHO)
#204
12-24-2009, 08:52 AM
Join Date: Apr 2008
Location: Columbus, OH
Posts: 472
Rep Power: 55 
As promised, except about 6 months late, here are some toplines of the data from this thread.
There are a million ways to slice the data, so whoever would like the data sheet sent to them, I would be glad to send it as I don't know how to attach it to the post.
Topline conclusion is that while a few people got a great deal on their cars lately, the well known "you get what you pay for" is true here. The overall drop in pricing is a combination of car age and increase in mileage - low mile cars still bring premium, and will likely continue to do so, while some cars that rack up mileage become steals.
My only comment to some of the folks that bought their cars pre-major depreciation is that I don't feel at all like you paid "too much" for your cars and you should not regret spending the extra $$ - you bought your cars with low miles and prectically new, and got to enjoy them for several years until they became affordable to the rest of us, and that should be well worth the premium to any car enthusiast. :-)
So, the sample for the attached grid is 77 cars sold in last 2 years. Most of the cars sold prior to 2008 that were shared here were sold at premium pre-major depreciation and close to the manufacture year (2004/2005s), so they are more of outliers for analysis purposes.
In the sheet attached, "TT" coded cars are 996TT cars, and "TT+" are X50, Cab, S or a combination of those. Many ways to slice the data, but I thought it would be valid to compare base TTs vs. higher trims to see price variations. The sheet includes avg. prices and mileage by mfg. year, TT vs. TT+, and overall pricing/mileage averages.
The average price for a base trim car sold in last 2yrs (accross mfg years) is $52K, and average mileage is 27k. Higer trim cars average $62K, and average mileage of 23k.
2001's overall average $45K, and mileage of 33K, while 2002-2005 cars average $60k, and average mileage of 23K.
The detail sheet I have also has info on what extra options/mods each of the cars came with at the time of purchase - glad to send it, just need your e-mail.
Let me know if you have any questions, and sorry for the delay in sharing this!
Hope some of you shopping for a TT find this useful, and those of you already owning this awesome piece of Porsche engineering don't regret your purchase over a couple of grand. :-)
Thanks, TK
There are a million ways to slice the data, so whoever would like the data sheet sent to them, I would be glad to send it as I don't know how to attach it to the post.
Topline conclusion is that while a few people got a great deal on their cars lately, the well known "you get what you pay for" is true here. The overall drop in pricing is a combination of car age and increase in mileage - low mile cars still bring premium, and will likely continue to do so, while some cars that rack up mileage become steals.
My only comment to some of the folks that bought their cars pre-major depreciation is that I don't feel at all like you paid "too much" for your cars and you should not regret spending the extra $$ - you bought your cars with low miles and prectically new, and got to enjoy them for several years until they became affordable to the rest of us, and that should be well worth the premium to any car enthusiast. :-)
So, the sample for the attached grid is 77 cars sold in last 2 years. Most of the cars sold prior to 2008 that were shared here were sold at premium pre-major depreciation and close to the manufacture year (2004/2005s), so they are more of outliers for analysis purposes.
In the sheet attached, "TT" coded cars are 996TT cars, and "TT+" are X50, Cab, S or a combination of those. Many ways to slice the data, but I thought it would be valid to compare base TTs vs. higher trims to see price variations. The sheet includes avg. prices and mileage by mfg. year, TT vs. TT+, and overall pricing/mileage averages.
The average price for a base trim car sold in last 2yrs (accross mfg years) is $52K, and average mileage is 27k. Higer trim cars average $62K, and average mileage of 23k.
2001's overall average $45K, and mileage of 33K, while 2002-2005 cars average $60k, and average mileage of 23K.
The detail sheet I have also has info on what extra options/mods each of the cars came with at the time of purchase - glad to send it, just need your e-mail.
Let me know if you have any questions, and sorry for the delay in sharing this!
Hope some of you shopping for a TT find this useful, and those of you already owning this awesome piece of Porsche engineering don't regret your purchase over a couple of grand. :-)
Thanks, TK
#205
12-24-2009, 09:09 AM
As promised, except about 6 months late, here are some toplines of the data from this thread.
There are a million ways to slice the data, so whoever would like the data sheet sent to them, I would be glad to send it as I don't know how to attach it to the post.
Topline conclusion is that while a few people got a great deal on their cars lately, the well known "you get what you pay for" is true here. The overall drop in pricing is a combination of car age and increase in mileage - low mile cars still bring premium, and will likely continue to do so, while some cars that rack up mileage become steals.
My only comment to some of the folks that bought their cars pre-major depreciation is that I don't feel at all like you paid "too much" for your cars and you should not regret spending the extra $$ - you bought your cars with low miles and prectically new, and got to enjoy them for several years until they became affordable to the rest of us, and that should be well worth the premium to any car enthusiast. :-)
So, the sample for the attached grid is 77 cars sold in last 2 years. Most of the cars sold prior to 2008 that were shared here were sold at premium pre-major depreciation and close to the manufacture year (2004/2005s), so they are more of outliers for analysis purposes.
In the sheet attached, "TT" coded cars are 996TT cars, and "TT+" are X50, Cab, S or a combination of those. Many ways to slice the data, but I thought it would be valid to compare base TTs vs. higher trims to see price variations. The sheet includes avg. prices and mileage by mfg. year, TT vs. TT+, and overall pricing/mileage averages.
The average price for a base trim car sold in last 2yrs (accross mfg years) is $52K, and average mileage is 27k. Higer trim cars average $62K, and average mileage of 23k.
2001's overall average $45K, and mileage of 33K, while 2002-2005 cars average $60k, and average mileage of 23K.
The detail sheet I have also has info on what extra options/mods each of the cars came with at the time of purchase - glad to send it, just need your e-mail.
Let me know if you have any questions, and sorry for the delay in sharing this!
Hope some of you shopping for a TT find this useful, and those of you already owning this awesome piece of Porsche engineering don't regret your purchase over a couple of grand. :-)
Thanks, TK
There are a million ways to slice the data, so whoever would like the data sheet sent to them, I would be glad to send it as I don't know how to attach it to the post.
Topline conclusion is that while a few people got a great deal on their cars lately, the well known "you get what you pay for" is true here. The overall drop in pricing is a combination of car age and increase in mileage - low mile cars still bring premium, and will likely continue to do so, while some cars that rack up mileage become steals.
My only comment to some of the folks that bought their cars pre-major depreciation is that I don't feel at all like you paid "too much" for your cars and you should not regret spending the extra $$ - you bought your cars with low miles and prectically new, and got to enjoy them for several years until they became affordable to the rest of us, and that should be well worth the premium to any car enthusiast. :-)
So, the sample for the attached grid is 77 cars sold in last 2 years. Most of the cars sold prior to 2008 that were shared here were sold at premium pre-major depreciation and close to the manufacture year (2004/2005s), so they are more of outliers for analysis purposes.
In the sheet attached, "TT" coded cars are 996TT cars, and "TT+" are X50, Cab, S or a combination of those. Many ways to slice the data, but I thought it would be valid to compare base TTs vs. higher trims to see price variations. The sheet includes avg. prices and mileage by mfg. year, TT vs. TT+, and overall pricing/mileage averages.
The average price for a base trim car sold in last 2yrs (accross mfg years) is $52K, and average mileage is 27k. Higer trim cars average $62K, and average mileage of 23k.
2001's overall average $45K, and mileage of 33K, while 2002-2005 cars average $60k, and average mileage of 23K.
The detail sheet I have also has info on what extra options/mods each of the cars came with at the time of purchase - glad to send it, just need your e-mail.
Let me know if you have any questions, and sorry for the delay in sharing this!
Hope some of you shopping for a TT find this useful, and those of you already owning this awesome piece of Porsche engineering don't regret your purchase over a couple of grand. :-)
Thanks, TK
With that many data point, you should try to regress the effects of the age versus effects of mileage. It would be interesting to answer this age old question - is it the age or is it the mileage that affects the price, the most. Perhaps you can use a nuisance covariate variable to split the cars into pre and post, mid 08 to reduce the effects of the financial crisis.
#206
12-24-2009, 02:17 PM
1) How much did you pay for your used 996TT?
$56,988
2) When did you buy it?
December 2009
3) Year and mileage?
2003 / 19,500 miles
4) What was the original price, and how much did you bargain down?
$65,988 + $1,900 for CPO
5) Did it come with the warranty, or did you buy one, or neither?
$56,988 with CPO warranty for 2 years / 100k miles
$56,988
2) When did you buy it?
December 2009
3) Year and mileage?
2003 / 19,500 miles
4) What was the original price, and how much did you bargain down?
$65,988 + $1,900 for CPO
5) Did it come with the warranty, or did you buy one, or neither?
$56,988 with CPO warranty for 2 years / 100k miles
#207
12-25-2009, 07:34 PM
Join Date: Apr 2008
Location: Columbus, OH
Posts: 472
Rep Power: 55
Sheets sent to those who requested!
I would be glad to shoot you the sheet if you want to play with it!
Thanks for sharing, sounds like a nice car!
With that many data point, you should try to regress the effects of the age versus effects of mileage. It would be interesting to answer this age old question - is it the age or is it the mileage that affects the price, the most. Perhaps you can use a nuisance covariate variable to split the cars into pre and post, mid 08 to reduce the effects of the financial crisis.
1) How much did you pay for your used 996TT?
$56,988
2) When did you buy it?
December 2009
3) Year and mileage?
2003 / 19,500 miles
4) What was the original price, and how much did you bargain down?
$65,988 + $1,900 for CPO
5) Did it come with the warranty, or did you buy one, or neither?
$56,988 with CPO warranty for 2 years / 100k miles
$56,988
2) When did you buy it?
December 2009
3) Year and mileage?
2003 / 19,500 miles
4) What was the original price, and how much did you bargain down?
$65,988 + $1,900 for CPO
5) Did it come with the warranty, or did you buy one, or neither?
$56,988 with CPO warranty for 2 years / 100k miles
#208
12-26-2009, 01:36 PM
I got the data and did a regression to see contributors to price. Recoded some of the variables to make a model that makes sense to me. An astonishing 83% of the variance in price was accounted for by the following variables (although it's a small data set, I know):
1) Miles - 26 cents per mile discount
2) x50 option (0/1 variable) - $4300 premium
3) Age - how old in years the car was at time of purchase (an approximation, since model year and transaction year was rounded) - $4100 decline per year old (above and beyond the mileage)
4) cab (cabriolet) - $2500 premium but not statistically significant (fewer transactions, so an unclear relationship)
5) war (warranty) - $2500 premium
6) crisis (sales after August 2007 when credit became tight) - $8800 immediate drop.
One can calculate whether they beat the average on their own purchase by applying the modeled formula to their case. For example on my purchase:
2002 X50
$45,000
March 2009 (implying an age of 7 and crisis = yes)
52000 miles
Warranty
$93039 - $.269 * 52000 - 7 * $4127 + $4292 + $2527 - $8838 = $48143
So, I beat the average by $3143.
1) Miles - 26 cents per mile discount
2) x50 option (0/1 variable) - $4300 premium
3) Age - how old in years the car was at time of purchase (an approximation, since model year and transaction year was rounded) - $4100 decline per year old (above and beyond the mileage)
4) cab (cabriolet) - $2500 premium but not statistically significant (fewer transactions, so an unclear relationship)
5) war (warranty) - $2500 premium
6) crisis (sales after August 2007 when credit became tight) - $8800 immediate drop.
One can calculate whether they beat the average on their own purchase by applying the modeled formula to their case. For example on my purchase:
2002 X50
$45,000
March 2009 (implying an age of 7 and crisis = yes)
52000 miles
Warranty
$93039 - $.269 * 52000 - 7 * $4127 + $4292 + $2527 - $8838 = $48143
So, I beat the average by $3143.
Last edited by SAVED4IT; 12-26-2009 at 02:29 PM.
#209
12-26-2009, 01:52 PM
I got the data and did a regression to see contributors to price. Recoded some of the variables to make a model that makes sense to me. An astonishing 88% of the variance in price was accounted for by the following variables:
1) Miles - 26 cents per mile discount
2) x50 option (0/1 variable) - $4300 premium
3) Age - how old in years the car was at time of purchase (an approximation, since model year and transaction year was rounded) - $4100 decline per year old (above and beyond the mileage)
4) cab (cabriolet) - $2500 premium but not statistically significant (fewer transactions, so an unclear relationship)
5) war (warranty) - $2500 premium
6) crisis (sales after August 2007 when credit became tight) - $8800 immediate drop.
One can calculate whether they beat the average on their own purchase by applying the modeled formula to their case. For example on my purchase:
2002 X50
$45,000
March 2009 (implying an age of 7 and crisis = yes)
52000 miles
Warranty
$93039 - $.269 * 52000 - 7 * $4127 + $4292 + $2527 - $8838 = $48143
So, I beat the average by $3143.
1) Miles - 26 cents per mile discount
2) x50 option (0/1 variable) - $4300 premium
3) Age - how old in years the car was at time of purchase (an approximation, since model year and transaction year was rounded) - $4100 decline per year old (above and beyond the mileage)
4) cab (cabriolet) - $2500 premium but not statistically significant (fewer transactions, so an unclear relationship)
5) war (warranty) - $2500 premium
6) crisis (sales after August 2007 when credit became tight) - $8800 immediate drop.
One can calculate whether they beat the average on their own purchase by applying the modeled formula to their case. For example on my purchase:
2002 X50
$45,000
March 2009 (implying an age of 7 and crisis = yes)
52000 miles
Warranty
$93039 - $.269 * 52000 - 7 * $4127 + $4292 + $2527 - $8838 = $48143
So, I beat the average by $3143.
this is awesome, thanks
#210
12-26-2009, 02:03 PM
Join Date: Apr 2008
Location: Columbus, OH
Posts: 472
Rep Power: 55 I got the data and did a regression to see contributors to price. Recoded some of the variables to make a model that makes sense to me. An astonishing 88% of the variance in price was accounted for by the following variables:
1) Miles - 26 cents per mile discount
2) x50 option (0/1 variable) - $4300 premium
3) Age - how old in years the car was at time of purchase (an approximation, since model year and transaction year was rounded) - $4100 decline per year old (above and beyond the mileage)
4) cab (cabriolet) - $2500 premium but not statistically significant (fewer transactions, so an unclear relationship)
5) war (warranty) - $2500 premium
6) crisis (sales after August 2007 when credit became tight) - $8800 immediate drop.
One can calculate whether they beat the average on their own purchase by applying the modeled formula to their case. For example on my purchase:
2002 X50
$45,000
March 2009 (implying an age of 7 and crisis = yes)
52000 miles
Warranty
$93039 - $.269 * 52000 - 7 * $4127 + $4292 + $2527 - $8838 = $48143
So, I beat the average by $3143.
1) Miles - 26 cents per mile discount
2) x50 option (0/1 variable) - $4300 premium
3) Age - how old in years the car was at time of purchase (an approximation, since model year and transaction year was rounded) - $4100 decline per year old (above and beyond the mileage)
4) cab (cabriolet) - $2500 premium but not statistically significant (fewer transactions, so an unclear relationship)
5) war (warranty) - $2500 premium
6) crisis (sales after August 2007 when credit became tight) - $8800 immediate drop.
One can calculate whether they beat the average on their own purchase by applying the modeled formula to their case. For example on my purchase:
2002 X50
$45,000
March 2009 (implying an age of 7 and crisis = yes)
52000 miles
Warranty
$93039 - $.269 * 52000 - 7 * $4127 + $4292 + $2527 - $8838 = $48143
So, I beat the average by $3143.
Thanks for running this.
TK