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996 prices are on the rise.

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Old 03-12-2017, 10:30 PM   #31
ejdoherty911
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Originally Posted by Barn996 View Post
I'd suggest looking at the KBB site to get a picture of 996 values either trade-in or private sale. If those numbers are accurate then you'll be surprised at how low they are.
Those numbers are not accurate. I just looked up the value of a 1992 911 C2 in very good condition in KBB. $16,000. So they're only off by about $40,000. Porsche 911s have never been accurately priced in KBB or Edmunds or NADA.
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Old 03-12-2017, 10:34 PM   #32
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A real economics lesson...your theory is 100% speculation back up by zero emperical data.
Um. Economics is theory. Empirical data cannot exist BEFORE an event has taken place. So yes, you are 100% correct there is no empirical data for an event that has yet to occur.
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Old 03-13-2017, 04:18 PM   #33
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The frount cover of April 2017 GTPorsche magazine is a picture of a 996 & 997 ,
This is the heading of the article

996 vs 997 Carrera
As 996 Carrera values continue to rise they are converging with their newer 997 counterparts. This promotes an interesting debate – which 911 is the better prospect?

I just downloaded it , great article , the central theme is rising 996 prices overlapping with 997.1 prices .

Last edited by Vancouver996; 03-13-2017 at 04:36 PM.
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Old 03-13-2017, 04:39 PM   #34
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Originally Posted by ejdoherty911 View Post
Those numbers are not accurate. I just looked up the value of a 1992 911 C2 in very good condition in KBB. $16,000. So they're only off by about $40,000. Porsche 911s have never been accurately priced in KBB or Edmunds or NADA.
Nobody pays book value, so the prices on there really don't reflect the market for any vehicle
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Old 03-13-2017, 06:00 PM   #35
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I wouldn't think anyone would buy a 996 for resale value, got my 03 C4S coming from a 14 Sti hatch, about equal value now, just hoping to stay reasonable prices, so as not to depreciate as much as the Subaru if that makes sense
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Old 03-14-2017, 04:09 AM   #36
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911 Carrera for Toyota Camry money, really is the deal of the decade.
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Old 03-14-2017, 02:25 PM   #37
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KBB numbers are useless for sports cars - for the buyer and the seller. When I bought my Z4, I paid 20% over KBB value... and 5 years later when I sold it, I sold it for 20% more than the current KBB value. It doesn't take desirability into account - just assumes all cars depreciate along a similar curve based on miles and age.
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Old 03-14-2017, 02:32 PM   #38
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Looks like the market has soft spots. $20k for a 2004 MY



https://www.cargurus.com/Cars/invent...ting=169572067
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Old 03-14-2017, 04:06 PM   #39
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^^^ And cargurus has another '04 listed with slightly less miles for $18K.
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Old 03-14-2017, 04:29 PM   #40
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What price range did a basic 996 bottom out at?
Until recently, I had never seen them under $20k so I assumed they are lower priced than ever.
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Old 03-14-2017, 04:35 PM   #41
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You would expect the next 5 years a whole bunch of 996 Mk.1 to get to the scrap yard. Those with 150k+ miles you see at low prices but pristine early 50-75k miles car values are creeping up IMHO. There simply are not that many around allready now! Good ones I mean. The "average" cars without interesting options will stay at the bottom for a long time. Which is great, fantastic cars at reasonable prices!!

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Old 03-14-2017, 06:10 PM   #42
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Quote:
Originally Posted by charlieaf92 View Post
KBB numbers are useless for sports cars - for the buyer and the seller. When I bought my Z4, I paid 20% over KBB value... and 5 years later when I sold it, I sold it for 20% more than the current KBB value. It doesn't take desirability into account - just assumes all cars depreciate along a similar curve based on miles and age.
How true. I recently tried to get a trade in value for my 99C2 with 82k and it came back with some ridiculous number of like $7500. I've been in plenty of cars that were worth $7500 and i can tell you for sure my car doesn't fit into that price category. KBB is only good if you're the buyer and want to try and lowball the seller.
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Old 03-15-2017, 09:39 AM   #43
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911 Carrera for Toyota Camry money, really is the deal of the decade.

Then for the price of another Camry you can get a replacement engine.
After that, then for the price of yet another Camry you can get stuff like a new gearbox or valve job.
Then, for the price of a third Camry you can sort out things like a suspension, cooling system, exhaust, brakes, etc.

If these cars were so cheap, everyone on the planet would be commuting in a used Porsche.
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Old 03-15-2017, 09:57 AM   #44
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How true. I recently tried to get a trade in value for my 99C2 with 82k and it came back with some ridiculous number of like $7500. I've been in plenty of cars that were worth $7500 and i can tell you for sure my car doesn't fit into that price category. KBB is only good if you're the buyer and want to try and lowball the seller.
Believe it or not, used car dealers usually can make $5k-$7k on these cars, even after expenses. Auction prices are still in the $9k-$13k range. Buy it, sink $1-$2k into it, list it for sale for $19k-$22k, sell it for $1k-$2k less than original asking price or after lowering the price because it doesn't sell, and that's how it's done.

The real deals to be had for these cars are the ones that aren't selling. The market sometimes just cannot bear it. For example, there's a 99 996 Cab in St. Louis that's been for sale for 9 months or so. It has 46,000 miles. I'm not sure if the condition, but I would offer $16k and pay $17k for that car and probably win it for near $17k. Very unlikely that car's value would ever drop below that number, even if you doubled the mileage on it.
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Old 03-15-2017, 02:36 PM   #45
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this is the first "used" car that I've owned that won't lose a ton of value... it's an 05' (996) C4S, w/ factory aero, gaurds red on natural brown (rare combo), 38k miles

this car won't ever skyrocket - but it may go up some in value and I should always to be able to get back out what I put into it.... you can't say that with many used cars.
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