Hello all, wanted to get some input from those in the know about a 996tt. Looking at my first Porsche, time for something besides a vette. Have been looking for about a month and have found a really clean 2002 with 22,000 miles. Bone stock, 2nd owner and has clean PPI and service history from 2005 to present. I'm at $45K, seller wants $50. He isn't really budging but I do not want to overpay for a car that I know I like, but until you live with it awhile hard to know if you really love it. Any input would be appreciated.

 

I like your price, seems reasonable for the year and mileage. When you say "clean PPI", is that provided by the seller or have you already obtained your own PPI? If it's a PPI report from the seller, I'd recommend paying the couple hundred dollars for a PPI at a shop of your own choosing (and of your own specifications). If you really like it, and considering the relatively low mileage, I would consider going up to $46-47k, but not $50k. There are just too many cars out there from which to choose.

Just my opinion. Good luck with your search and purchase.

 

I like your price, seems reasonable for the year and mileage. When you say "clean PPI", is that provided by the seller or have you already obtained your own PPI? If it's a PPI report from the seller, I'd recommend paying the couple hundred dollars for a PPI at a shop of your own choosing (and of your own specifications). If you really like it, and considering the relatively low mileage, I would consider going up to $46-47k, but not $50k. There are just too many cars out there from which to choose.

Just my opinion. Good luck with your search and purchase.[/quote]


The PPI was paid for by the seller, I spoke with the service manager personally. He walked me through the PPI results and service history which was all basic maintain issues, brake fluid, brakes, oil etc. EH then sent me a copy of the PPI and all service records. Thanks for your input, makes me feel like I should hold line on pricing and have a PPI done myself.

I am really looking forward to owning a tt either way.

 

Unless it's white hold firm on your price

 

In 2011 the 2002 Porsche 996TT sold between $32,800 and $43,900, as reported by excellence magazine in the link below:

http://www.excellence-mag.com/resour...uide/186787951

 

I'm in the exact same boat as SilverFox. Curious to hear what others have to say.

 

That is not claiming "in 2011 the 2002 Porsche 996TT sold for between..." - it's simply a general guideline for market prices for average examples with average mileage. Several clean '02 and later 996TT's sold in the 50's in 2011 - some might've even been pushing 60's, IDK.

In addition, if you read Excellence's guidelines and sales reports, they typically add 10% on top of that range for low mileage, pristine examples (like the one the OP is looking at, by the sounds of it). That would push it up in the $48k+ range.

TheSilverFox, I'd say maybe push to $47k or so if you're comfortable with that, also might be worth reminding the seller that the market for these kinds of cars softens up in the wintertime (assuming you're in the U.S., and not TX, FL, or CA), and that the 991 is just coming out and will probably soften the 996 market a bit too.

Ultimately, if the seller is unwilling to budge, it's up to you to figure out if this is "the car" or not... and if so, is it worth the extra couple grand to stretch and meet his price?

There are a lot of 996TTs out there, but really clean, nice cars are getting harder and harder to find - and they command a premium. The car is a popular modding platform, a somewhat popular year-round, 4 seasons daily driver for some owners, and as such a greater percentage see salt/snow/rain/stones/miles/etc at a faster rate than other supercars.

Many guys spend months travelling the country and do half a dozen PPIs before finding "the car" ... which adds up. Not trying to sway you one way or another, but all factors to consider in your purchase decision. Good luck.

 

Not all PPI's are the same. I have no issue with the seller paying for the PPI if believe that you are able to get all the information you need, but please make sure that all the common issues were addressed (such as 2nd gear popout, rear spoiler hydraulics, and other issues commonly discussed) and that you get a DME readout for over revs.

I would keep on looking in your area while you're considering/negotiating for this one. If the seller won't come down closer to your price, there should be many more around from which to chose. I see it as much more of a buyer's market for the basic 996tt (excluding the GT2). As nice of a car that it is, they were made in fairly large numbers.

 

A basic 996 TT can be had for mid 40's but you would have to cough up some dough for a 996 TT with low mileage, desirable color combination, options and service records.

For the person that advised you to hold your ground as there are just too many TT to choose from, all i have to say is, there are also quite a few buyers out there that are willing to pay for a nice low mileage cars

 

50k is too much and really the low milage is not a bonus.Cars that sit alot tend to have more issues than others that are driven more.Really though its up to which car gives you that got to have it feeling.From an investment point forget about it,we will not be making a profit on our cars plain & simple.I say keep looking its definately a buyers market,but its your money

 

I also think your price is about right, but not knowing what kind of options it has or exactly how nice it is makes it a little tough to value. I've got a high option 02' (149k msrp), with x50, aero, among other options and i would probably ask 50k for mine if i was going to sell. I'm the second owner and it's got 26k on it. Just to give you another price opinion.



chris

 

I searched for nearly a year, couldn't find exactly what I wanted with the right color and desired options that passed a PPI. I had about 6 PPIs done on different cars before I found a mint low mile '04 Cab. The color was about my 5th choice, didn't have the sports seats I wanted and it was a few $k more than I really wanted to pay. I decided I could live with the price and adjust to the color as I was tired of looking and wanted a car. Now after owning the car for 9 months, I'm still very happy with my decision. Every time I drive the car it looks and feels like brand new, tight and quiet. The extra few $k was really worth it. The color is still not my favorite, but I'm behind the wheel experiencing it, not looking at it. Still wish I had sports seats, but the overall like new condition, over serviced, all books and records, 4 keys make up for it.

Bottom line: price is only 1 of many things to consider, and no necessarily the most important.

 

I have an interesting observation...

We have a group of members kept saying... "The 996TT market is not good; I can't sell my car...".

We have a group of members (probably some from the other group) kept telling the potential buyers... "You are paying too much money; don't buy this car unless the seller drops $10k..."... and turnaround and tell the seller... "GLWS".

 

i have seen 997tt going in the high 50's ..best to walk for now, he'll call you

 

I'd like to add, the market is very, very good for clean, low mile, no issue cars that are priced fairly. An extremely good example will sell quickly and command a good price. The dogs out there that are over priced in many cases will not sell and may be on the market for over a year. I have seen very nice Turbo 996's sell in less than a week. People willing to spend $50k +- $5k or so will not settle for cars with stories and excuses. I have close ties with the dealer here, and a family member that sells there. They can't keep a nice 996 Turbo for more than a week or two.

Another good sign is the price is up for all 996 Turbos compared to several months to a year and a half ago. In the pit of the recession, prices were lower than now. I think the market has close to bottomed, I can't imagine even a high mile average shape '01 dropping much lower than the $29k-$35k I've seen for a year or so.