996 Previous model naturally aspirated Porsche 911 community. Discuss C2, C2s, C4, C4s, Targa and Cabriolets.

Where is the market going on 996s?

Thread Tools
 
Search this Thread
 
Rate Thread
 
  #1  
Old 07-08-2008 | 09:23 PM
atr911's Avatar
Thread Starter
|
Registered User
Joined: Jul 2008
Posts: 289
From: Ottawa, CANADA
Rep Power: 38
atr911 has much to be proud ofatr911 has much to be proud ofatr911 has much to be proud ofatr911 has much to be proud ofatr911 has much to be proud ofatr911 has much to be proud ofatr911 has much to be proud ofatr911 has much to be proud of
Where is the market going on 996s?

I'm in the market for a 996 and am curious what you guys think is going to happen to the value of these cars in the coming months. The winter season is only months away and the economy isn't exactly favorable. Not to mention that unfortunately 996s aren't the most sought after cars with the 993 on one end and the 997 on the other.

Don't get me wrong, I like these cars. Excellent bang for the buck. A real heating system, tons of potential for performance and appearance (a little vanilla stock).

Soooooo all this being said, 99-01's are selling for under 30 and 02-04's are only slightly above this pricing. Where are they going to be in December?

Keep in mind, I've been watching some of these vehicles on the market for MONTHS... So unfortunate.
 
  #2  
Old 07-09-2008 | 06:23 AM
XLR82XS's Avatar
Registered User
Joined: Jan 2004
Posts: 5,702
From: SW FL
Rep Power: 388
XLR82XS Is a GOD !XLR82XS Is a GOD !XLR82XS Is a GOD !XLR82XS Is a GOD !XLR82XS Is a GOD !XLR82XS Is a GOD !XLR82XS Is a GOD !XLR82XS Is a GOD !XLR82XS Is a GOD !XLR82XS Is a GOD !XLR82XS Is a GOD !
I picked up my 02 C4 cab. 3 weeks ago and found that pricing still holding steady in the 40-50K range for 01-04s. My father sold his 01 C4 cab. with options & hartop for 55K in late 04/early 05. (9K miles) Judging by what the average price is and what I paid for my 02 it looks like the market is fairly steady and will stay that way for while.
 
  #3  
Old 07-09-2008 | 07:49 AM
pjalexandre's Avatar
Registered User
Joined: Jun 2006
Posts: 289
From: Virginia
Rep Power: 30
pjalexandre is infamous around these parts
The market for these is going straight up baby... collector status is imminent and they will skyrocket right up there.
 
  #4  
Old 07-09-2008 | 08:08 AM
perryinva's Avatar
Registered User
Joined: Mar 2008
Posts: 184
From: Richmond, VA
Rep Power: 24
perryinva is infamous around these parts
Originally Posted by pjalexandre
The market for these is going straight up baby... collector status is imminent and they will skyrocket right up there.
ROTFLMAO.....Well, they sure can't go DOWN much more, can they...
 
  #5  
Old 07-09-2008 | 09:10 AM
Benjamin Choi's Avatar
Banned
Joined: Mar 2004
Posts: 3,103
From: Kirkland, WA
Rep Power: 145
Benjamin Choi is infamous around these parts
sillly question.

it's depreciating just like any other mass produced automobile.
 
  #6  
Old 07-09-2008 | 09:42 AM
Ray S (Chicago)'s Avatar
Registered User
Joined: Apr 2005
Posts: 314
From: North Carolina
Rep Power: 34
Ray S (Chicago) has a spectacular aura aboutRay S (Chicago) has a spectacular aura aboutRay S (Chicago) has a spectacular aura about
Originally Posted by atr911
Soooooo all this being said, 99-01's are selling for under 30 and 02-04's are only slightly above this pricing. Where are they going to be in December?
These cars will continue to depreciate. However (today), you will not find prices for nice cars in the range you quote above. Sure you may find some rough examples in that range, but buyer beware.
 
  #7  
Old 07-09-2008 | 09:50 AM
Benjamin Choi's Avatar
Banned
Joined: Mar 2004
Posts: 3,103
From: Kirkland, WA
Rep Power: 145
Benjamin Choi is infamous around these parts
agreed with ray. sure you can pick up a 996 for those prices, but you're going to get a pos one compared to say my car that's absolutely mint inside and out.

the 996s/997s will depreciate the same way. i don't buy this 996 is the red headed step child so somehow the depreciation curve is markedly worse than the 997.

the 993 is a unique beast because they made far fewer of them than they did the newer water cooled versions. sure it's aircooled, but it's also dated but not in a bad way since it is a 911.
 
  #8  
Old 07-09-2008 | 09:50 AM
swift996's Avatar
Registered User
Joined: Mar 2008
Posts: 499
From: Orlando, FL
Rep Power: 36
swift996 is infamous around these parts
I think over time (long-term) they will hold value. Once people scrap them, wreck enough of them, etc.

The thing that will be nice is they will be affordable and tons of parts will be around for them. Can only be good for aftermarket development.
 
  #9  
Old 07-09-2008 | 10:03 AM
ls911's Avatar
Registered User
Joined: Nov 2007
Posts: 314
From: Wa
Rep Power: 31
ls911 has a spectacular aura aboutls911 has a spectacular aura aboutls911 has a spectacular aura about
If they keep dropping I'll buy another one to make me feel better.

Ray is spot on
 
  #10  
Old 07-09-2008 | 10:07 AM
pjalexandre's Avatar
Registered User
Joined: Jun 2006
Posts: 289
From: Virginia
Rep Power: 30
pjalexandre is infamous around these parts
The car market as whole is very soft (both new and used). All economic indicators point to a recession and everyone is wary of oil prices. Some dealerships have put out signs saying "No SUV trade in here".

Great time to buy some cool cars if you have the coin and the space to keep them.

Where it goes for our 996's, best optimistic guess is to continue downward but with some stabilization of the price. They will continue to depreciate but good well cared for examples will still fetch a decent price.

One thing to look at is that early boxsters have already dipped below 10K on the bottom end.
 
  #11  
Old 07-09-2008 | 10:31 AM
Benjamin Choi's Avatar
Banned
Joined: Mar 2004
Posts: 3,103
From: Kirkland, WA
Rep Power: 145
Benjamin Choi is infamous around these parts
Originally Posted by pjalexandre
One thing to look at is that early boxsters have already dipped below 10K on the bottom end.
As they should... they're POSs
 
  #12  
Old 07-09-2008 | 11:05 AM
Doc_Porsche's Avatar
Registered User
Joined: Jan 2008
Posts: 878
From: California
Rep Power: 53
Doc_Porsche is infamous around these partsDoc_Porsche is infamous around these parts
going down .... just buy it to enjoy it.... when the time comes......UPGRADE
 
  #13  
Old 07-09-2008 | 11:25 AM
dcentric's Avatar
Registered User
Joined: Dec 2007
Posts: 812
From: Dallas
Rep Power: 52
dcentric is a jewel in the roughdcentric is a jewel in the roughdcentric is a jewel in the roughdcentric is a jewel in the rough
When my warranty runs out i'm putting a supercharger on mine.
 
  #14  
Old 07-09-2008 | 11:30 AM
Benjamin Choi's Avatar
Banned
Joined: Mar 2004
Posts: 3,103
From: Kirkland, WA
Rep Power: 145
Benjamin Choi is infamous around these parts
when my warranty runs out... well, we'll see if i keep it that long
 
  #15  
Old 07-09-2008 | 11:51 AM
Ray S (Chicago)'s Avatar
Registered User
Joined: Apr 2005
Posts: 314
From: North Carolina
Rep Power: 34
Ray S (Chicago) has a spectacular aura aboutRay S (Chicago) has a spectacular aura aboutRay S (Chicago) has a spectacular aura about
Originally Posted by pjalexandre
One thing to look at is that early boxsters have already dipped below 10K on the bottom end.
Please show me the where the early 986's for under $10k are?
 


You have already rated this thread Rating: Thread Rating: 0 votes,  average.

Quick Reply: Where is the market going on 996s?



All times are GMT -6. The time now is 01:38 PM.