996 value going up?
10-26-2016, 12:10 AM
#16
Rennlist Member
Exactly right. I still don't really understand why owners of 996TT bad mouth their own cars.
Review the facts:
the most durable engine Porsche has produced
extremely comfortable GT car
point and shoot in traffic
I like the headlights because I'm queer for the GT1
did you feel like doing a few mods so it can roast most anything
I say let the prices rise, if you missed the boat when they bottomed out, too bad for you.
I have two 996TT (#24 and 30 Porsche's I have owned since 10/6/1971) my daily driver, Protomotive GT700 with a 121,000 miles and it is very fine. I would not sell it for less than $50K. I also have a RUF 550 RTurbo better bring something north of $65,000 otherwise I'll just enjoy them myself.
F@#K the haters, sip a little bourbon, and pay up!
Review the facts:
the most durable engine Porsche has produced
extremely comfortable GT car
point and shoot in traffic
I like the headlights because I'm queer for the GT1
did you feel like doing a few mods so it can roast most anything
I say let the prices rise, if you missed the boat when they bottomed out, too bad for you.
I have two 996TT (#24 and 30 Porsche's I have owned since 10/6/1971) my daily driver, Protomotive GT700 with a 121,000 miles and it is very fine. I would not sell it for less than $50K. I also have a RUF 550 RTurbo better bring something north of $65,000 otherwise I'll just enjoy them myself.
F@#K the haters, sip a little bourbon, and pay up!
10-26-2016, 03:20 AM
#17
Rennlist Member
Has anyone ever played with making the 996tt Mezger engine normally aspirated? When I was test driving the car I didn't buy I was still very impressed at the way it pulled and how quickly. It was almost an embarrassment of riches. With my puny little 3.4 NA it takes a while to wind it out, but that elongates the pleasure. Even with my 997.1 S I always felt like I was running out of road too soon.
10-26-2016, 04:19 AM
#18
Originally Posted by johnireland
Has anyone ever played with making the 996tt Mezger engine normally aspirated? When I was test driving the car I didn't buy I was still very impressed at the way it pulled and how quickly. It was almost an embarrassment of riches. With my puny little 3.4 NA it takes a while to wind it out, but that elongates the pleasure. Even with my 997.1 S I always felt like I was running out of road too soon.
10-26-2016, 11:25 AM
#19
Three Wheelin'
10-26-2016, 02:23 PM
#20
RL Community Team
Rennlist Member
Rennlist Member
10-26-2016, 03:24 PM
#21
Review the facts:
the most durable engine Porsche has produced
extremely comfortable GT car
I like the headlights because I'm queer for the GT1
did you feel like doing a few mods so it can roast most anything
I say let the prices rise, if you missed the boat when they bottomed out, too bad for you.
F@#K the haters, sip a little bourbon, and pay up!
the most durable engine Porsche has produced
extremely comfortable GT car
I like the headlights because I'm queer for the GT1
did you feel like doing a few mods so it can roast most anything
I say let the prices rise, if you missed the boat when they bottomed out, too bad for you.
F@#K the haters, sip a little bourbon, and pay up!
^ I Like this guy!
11-02-2016, 11:40 PM
#23
Rennlist Member
11-04-2016, 12:04 PM
#24
Cool article
https://www.hagerty.com/articles-vid...31/porsche-959
Off topic a bit but wanted to share it.
https://www.hagerty.com/articles-vid...31/porsche-959
Off topic a bit but wanted to share it.
Last edited by jeanmarcboilard; 11-04-2016 at 02:38 PM.
11-04-2016, 05:20 PM
#25
Rennlist Member
With articles like this, the cat is going to get out of the bag....Guess I need to start shopping for #2 
11-04-2016, 05:45 PM
#26
Rennlist Member
As an earlier poster pointed out, the only thing that matters is the actual sales price. Asking prices are like politicians promises...dreams. I drove an 02 996tt the other day...96k miles and priced at about $33k. The condition made it not worth that sort of money. Suspension was tired, interior trim needed some attention to details, the wheel balance and alignment were off...which all led me to feel that the car had not been well cared for and I was seeing the tip of the iceberg. A much better example sat next to it and the price was $43k. So one car didn't sell at $33k and I'm guessing it is really only worth $28k. And the $43k car is really a $38k.
Of course I'm stripping away most of the dealer's profit...but I'm seeing what they pay when they pick up these cars at auction. The dealer (an independent) bought over 15 cars at one auction, turned around and is selling one of them to an authorized Porsche dealer (for a small but fast profit) and that car will quickly become a CPO and the price will go up again.
The only true price is what ever each of us is willing to pay for a specific car at a specific time. The 993tt is a perfect example of an over heated market. It is a better car than the 930 and a lesser car than the 996. And its rarity is only relative.
Of course I'm stripping away most of the dealer's profit...but I'm seeing what they pay when they pick up these cars at auction. The dealer (an independent) bought over 15 cars at one auction, turned around and is selling one of them to an authorized Porsche dealer (for a small but fast profit) and that car will quickly become a CPO and the price will go up again.
The only true price is what ever each of us is willing to pay for a specific car at a specific time. The 993tt is a perfect example of an over heated market. It is a better car than the 930 and a lesser car than the 996. And its rarity is only relative.
And sure, we never know at what price cars are actually changing hands, but I think there is enough demand for the really nice examples now (coupe, 6 spd., low miles, stock or light mods) that most buyers are not scoring those examples for 10%+ off asking price. Those with nice cars tend to know what they have.
Obviously, this topic has been hashed out quite a bit recently, but as you allude to, I think the same thing is starting to happen to 996TT's that you see with high value/collectible cars: the discrepancy in value between low quality examples and very nice/stock examples is growing. A beat up car might not be worth $30k, but a pristine one is easily $50k+.
When I first started seriously looking ~6 months ago (after casually following the market for years), I was hoping to find a nice 996TT for ~$35k. Sadly, all of the examples I found in that range were not nearly the condition I was hoping to find, and I ended up upping my budget to nearly $50k to find the car I wanted. And I am not an ****/concours kinda guy. I just wanted a properly cared-for car.
Time will tell, but I think the REALLY nice examples are probably changing hands at decent values, because the demand is there, and once you start seriously looking, I think you'll find that the supply (again, of really nice coupe 6 speeds) isn't as big as many would suggest.
11-04-2016, 08:59 PM
#27
!["02996ttx50's Avatar](data:image/svg+xml;utf8,<svg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 50 50'><circle class='avatar-circle-default' fill='%23759d7b' cx='25px' cy='25px' r='20px'></circle><text class='avatar-text-default' x='49%' y='53%' fill='white' text-anchor='middle' alignment-baseline='middle'>"</text></svg>)
i love this car more than any other 911 I've had excepting my previous 996 turbo.
i will hope to tangentially illustrate a point:
out of necessity recently, i just had a dealership gouge me for a simple fuel pump r&r.
as they always hand you a checklist will all the bull**** they couldn't sell me ( ahem.."asked" if i wanted a new fuel sender too, the idiots ) the ONLY thing they could markup on their porsche dealership checklist was that there was a scrape on one of my aftermarket wheels and that my rears didn't match my front tires! ( I'm rwd, thank you very much
..and while i love 996 turbo's ( and 650 triumphs
( presumably ) as much as horsepowerfarm does, i suffer from no illusions about it's day to day market value. $26k for a reliable and daily 2.9 sec 0-60?!
and yet, my car is market valued at btw 26k and 30k depending upon who is buying. ( owing only to hi mileage )
deal of the century hah!
i will hope to tangentially illustrate a point:
out of necessity recently, i just had a dealership gouge me for a simple fuel pump r&r.
as they always hand you a checklist will all the bull**** they couldn't sell me ( ahem.."asked" if i wanted a new fuel sender too, the idiots ) the ONLY thing they could markup on their porsche dealership checklist was that there was a scrape on one of my aftermarket wheels and that my rears didn't match my front tires! ( I'm rwd, thank you very much
..and while i love 996 turbo's ( and 650 triumphs
( presumably ) as much as horsepowerfarm does, i suffer from no illusions about it's day to day market value. $26k for a reliable and daily 2.9 sec 0-60?! and yet, my car is market valued at btw 26k and 30k depending upon who is buying. ( owing only to hi mileage )
deal of the century hah!
11-04-2016, 09:55 PM
#28
What's the fuel pump story got to do with anything?
11-04-2016, 10:36 PM
#29
it was the contextual setup for my anecdotal explanation, that in spite of my cars mileage ( and hence its "diminished" value ), my car has nothing discernible ( at least by A PORSCHE TECH ) wrong with it! yet, it was still only worth 26-30 k give or take?
i'm gonna bet you're the only guy that needs this explained. critically think much?
next time, instead of me explaining myself ( hopefully only to you ). simply, re-read my post lol
ps: your first clue would be my qualifying statement: "i will hope to tangentially illustrate my point". ( duh )
i'm gonna bet you're the only guy that needs this explained. critically think much?
next time, instead of me explaining myself ( hopefully only to you ). simply, re-read my post lol
ps: your first clue would be my qualifying statement: "i will hope to tangentially illustrate my point". ( duh )
11-05-2016, 01:05 AM
#30
Rennlist Member
in Rick's defence, I also wondered what the fuel pump story had to do with the conversation. Now that you explain and point out the tangentially I understand your earlier post but it did confuse me. I don't think Rick was picking on you here.
Carry on, and everybody enjoy the weekend
Carry on, and everybody enjoy the weekend