Shark

Spent some time in this forum 11-12 years ago when deciding whether to go 993 or 996 Turbo. Ultimately, chose the 996 for alot of reasons. Had the car 8 years and 70,000 miles...lost about $45,000 on it but it was a great car.

At that time ('05), a decent driver grade 993TT with 50k miles was about $70k give or take.

So I have $100k to spend this time around so started looking at the cars for sale, most higher mile cars are $120k-150k ask. So I was wondering if you guys see the trend as moving up or down right now.

If they are going up, I'll probably look in other directions

Thanks for the help guys

Turbohead

I don't think you will ever see a nice 993 TT for that price. Most now are being hoarded as collectors as the the ultimate air cooled 911. Not many were built .

By contrast over 7000 units of 996 TT were produced so price dropped quickly and were great buys . Supply and demand worked . BTW these are staring to move back up in pricing


Elliot

Shark

According to what I found, there were 5,978 993 turbos built, so that alone doesn't tell the whole story.

I'm not looking for a low mile collector grade $100k turbo, just a driver grade car

tcsracing1

You should be able to find a higher mile driver for $100k.
It may require tlc. Just keep looking and be ready to strike.

These Older Drivers that are not moving will have room to negotiate.

Ultra Low mile cars have indeed climbed high but hit the peak.
They will always have buyers however. They will not go down.
I cannot see prices climbing any higher in the next 5 years on any Porsche.

Low (ish) mile cars will sit now unless seller adjust price.

OverBoosted28

Less than 2000 993TTs made it to USA. May find a "beater" for $100k, or less.

ronnie993tt

What goes up must come down. As soon as rates go up I think the bubble assets will drop. I bought my then 8k miler for a song at the bottom of the financial crisis.

Shark

A beater would be less of a car than I would accept for that money though because of the work needed to restore to driver grade.

For me, a beater is a car that barely runs, and has mechanical and cosmetic issues. but is complete.

KM

Shark,
I've been pondering the corrollary to your question...will there be any buyers willing to pay $100K+ for a quality driver? I've had my 60K mile driver for sale for several months (advertised for a very reasonable $109K) and have had quite a bit of interest although not at $100K+. I've turned down several offers in the low/mid 90's. This excludes the multiple 'low ball' offers which I never took seriously.

Appears buyers and sellers of driver quality 993 turbos still have a differing viewpoint on the value of these cars. While sellers are being influenced by the high ask for collector quality cars while buyers are faced with the reality of paying six figures for a 20+ year old car.

Kevin

Shark

Kevin,
I think there should be buyers for driver grade cars for $100k....not sure why you haven't found one. From the short survey I made (where is yours advertised?), assuming your car is in appropriate shape following a PPI, 9% back of ask would seem to be fair for both sides....so not sure what the hang up is.

One possibility is the small number of people who can come up with cash money, since it can be difficult to finance a 20 year old car. One solution I've seen is consignment through a dealer that finances similar cars.

Another point is I really think the $100k barrier is something that seperates the "regular" working class buyer of classic cars from the wealthy collector class. We saw that in the Diablo market.

AC/911's

Less Than 2000, Many went Over Seas when Euro was good (few hundred?), Many Tracked & Modded, Many Wrecked, My guess Maybe 800+ Decent ones left under 100k miles, Don't Think ever see any GOOD Stock Ones(US) under a 100k miles for under $100k.

carguy19

The market for these cars was rolling for 3 good years. In the past 3-4 months the prices have pulled back, but like any asset there are ups and downs. In five years, the nice sub 35K mile cars will be worth 250-300K.

There are many interested people and only a small amount of really nice cars.

Over the past few months the prices pulled back because lots of long term owners took their money and sold the cars, so there was a flood of cars for sale. The people that bought them now from a younger generation have a serious future classic and will enjoy substantial gains on the cars if they hold them long term.

Quadcammer

There is a nice red tan 80k mile car for 110k.

I would expect a 100k mile car for 100k, but in nice shape

goofballdeluxe

There have been several nice examples here on the RL classifieds, not "beaters" at all, most with about 50-60K miles, and have been sitting unsold in the $120K range.

So, I think you'd be able to find a $100K example with higher mileage that needs some work. I think it can be done, but it will take some searching, time and patience.

Seems to be the market has bubbled out and soften considerably since the peak.

Good luck

Knight

This alone provides a pretty good indication of the current market. Mine you some may be more particular about color combo etc, however for the mileage and asking price it seems fair in today's market.

I don't think a $100K 993TT it out of the question too.

It's an interesting observation when one mentions there is a flood of cars for sale, yet another states there were not many built or still currently on the road. Bottom line I think buyers have just smarten up, I mean realistically what some of these cars are and were asking at the peak is ridiculous IMO.

msw

my turbo is at 355k miles...40k on recent rebuild

i wouldn't even consider taking $100K....not that anyone would ever offer that...:-)

not because i think it is worth more...

but because i can't think of another car i would rather have for $100K