Shadetree930

You forgot the part where those same people then bemoan the lowball offers they get from cheapskate follow-on buyers who learned on an internet forum that the can get a 996tt garage queen for $20k.

They demand that they won't pay a penny more ... It has to be true ....they learned it on the internet!

"02996ttx50

i would posit the percentage of people that buy this car them mod the hell out of it then sell it are never doing so because they want to, but rather they may have bitten more than they can chew. again, tires are still $544.00 each if you like ps2's and i noticed a few years ago, as they had been touching their bottom in price, that people were getting into them without having a clue that in may ways it's cheaper to maintain a new 991tts with a factory warranty than it is one of these. because in order that these remain in tip top shape ( or perfect mechanical reliability, pick your language ) one has to stay far ahead preemptively of their maint intervals and nothing is "cheap" on these cars.

so lots of young turks with their choice of a new 335i or a used porsche turbo opted for the marquee brand since it IS a "super car" without really anticipating fully or accurately the costs they would incur to keep them at their peak level of performance.

the guys that say they spend 1k a year to maintain them, well i say they are either very lucky or only driving them 1k MILES a year.

that's the phenomenon i have noticed for quite some time. in my business, it for me is analogous to digital technology that is allowing people to make records that might actually better serve us all by only listening.

Shadetree930

^^^ Agree

They buy the cheap internet 'deals' and quickly find out that with these cars you have two choices:

Pay Now = Buy a well cared for 996tt and you WILL pay for that privilege. (Hint ... it will be more than $20k)

Pay Later = Once you pay just to get your bargain running reliably and then pay to bring it up to standard cosmetically then pay even more to get the stock performance that you were supposed to get with this supercar ... You just paid the Pay Now price.

At the end of the day, you spent the same amount of money.

Or ... you realize you are in over your head and flip it to the next Craigslist bottom feeder.

Third-Reef

We could drive the prices up kind of like what they did with the Arabian horse market in the 80s-90s. I will buy your car from you 02 with 75K on it for $80K and you buy my 02 with 50K on it for $85K. Then we do it again. Perhaps the amount we can drive up prices will out pace the sales tax we pay. Back in the 90s we got a free (no such thing as a free horse) $40K Arabian from a relative that got sucked up in the end stages of the Arabian bubble.

Carlo_Carrera

Our cars are meant to be driven. Not polished. - Ferry Porsche


The Porsche embodies my philosophy of individual freedom of motion – which should serve humanity, not burden it. - Ferry Porsche


The 911 is the only car that you can take from an African safari to Le Mans, then to the theatre, and after that, drive on the streets of New York. - Ferry Porsche

rmc1148

If a lot of buyers weren't like old ladies wanting fresh French pastries for the price of week old bread it would be easier to take lol. Its exactly as mentioned in that if they have heard you can buy for x you must sell for x= they can kiss my a. Luckily it seems I have a buyer that is serious and is willing to work with me and I will try my best to be fair.

FRUNKenstein

Well 928's are now selling for $52,000, so maybe there's still hope in the future for the 996TT.

http://bringatrailer.com/listing/1986-5-porsche-928s/

rmc1148

Yes very true the 928 is finally getting some of the love it deserves= great car.

"02996ttx50

well hell.. then forget anything i may have said previously. if 928's are pushing 52k?

then every one of us is currently holding onto a future million dollar steve mqueen 930 turbo lol

"02996ttx50

love those quotes. i have no doubt i could dakkar rallye my car or baja one thousand it.. and it has still gotten me many after dinner *******. porsches vibrate and chicks still dig em lol

FRUNKenstein

Concur with both. The 996TT is simply going through the typical depreciation-appreciation life cycle that nearly all sports cars that were produced in any significant number experience. Here's an article about it with a nice, simple graph to visualize it:
https://totallythatstupid.com/2012/0...ciation-curve/




The good news is that it does appear that we are at the bottom of the depreciation curve - it seems there is universal agreement on that. How soon and how quickly prices begin to escalate is anybody's guess.

I just plan to drive mine and enjoy it. I've put over 4,000 miles on it since I bought it a little over 5 months ago. I plan to keep it forever, so the value in today's market is irrelevant to me. Same goes for my 951 (bought 5 years ago) and 928S4 (bought 2 years ago).

I'm sure I'll buy additional Porsches in the future, but I'll keep these 3 and just add to them. My one Porsche regret is selling the 964 back in 2008 (bought in 2003) - I wish I had just held onto it as I sold it for $15,600 and it would be worth far more now. I would say the same about the '99 C4 aero coupe (bought in 2013), but to a lesser extent because the 996TT really was a replacement for it.

I am also quite certain that whatever future Porsches I buy will also be bought at the bottom of the curve, just like the 5 previous purchases. They are fantastic cars, and purchased at the right time, they are actually a nice place to park some money. Although not bought for investment purposes, I feel like I could easily sell any of the 3 current cars and get as much or more than what I paid for them should the need ever arise.

Dan87951

Lately it seems most of the discussions on rennlist are about "market value". Whatever happened to enjoying our cars for what they are? I'm starting to wonder if the majority are more interested in "flipping cars" for profits than actually being enthusiast about the model they bought. I have a whole range of different cars in my collection and I could care less what other people think about the cars I buy. Life is too short to wonder what people think.

BioBanker

The only time Im thinking about the value of the car is when Im paying to fix it!

Other than that Im just thinking about what an awesome car it is.

z06801

And where are all these cheap track builds? I don't see them, we have seen builds by people very passionate about their turbos which in the end costing as much as the car did new, these are usually top notch builds using the best of what Porsche and the the aftermarket have to offer making these cars into beasts. We see people do motor builds for 1/2 mile and 1 mile events where the drive train cost as much as a 997 turbo. I'm a certified PCA instructor and race and do TT with NASA and I don't see any "bottom feeders" racing or doing track days in clapped out 996turbos, I do see happy enthusiast in modded 930's, 993turbos 996s 997s and 991's of every variety and cups enjoying their cars and learning the craft of driving and maintaining their cars. I applaud all of the above. Anybody who can buy a used 996tt for 40K+ with cash and put in 20-30k in mods could have any car in their garage they wanted, especially if they just wanted to look at it sit there. The value of this platform is more realized when they are driven

Dock

What's that got to do with my post??