997.1TT depreciation and current market value
02-11-2017, 12:24 AM
#16
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The 996s are creeping up because they were so grossly undervalued for so long, but the 996 zeitgeist of ugly headlights and cheap interiors will keep them below 997s IMO. Having the last mezger 6mt 997 is better than the first water cooled tip 996, I suppose. A lightly modded low mile 997 tt 6 mt is the car to have, IMO.
Last edited by TT Surgeon; 02-11-2017 at 02:36 AM.
02-11-2017, 12:46 AM
#17
Drifting
I think 996TTs are starting to earn some nostalgia points, too. I know they are for me, at least.
02-11-2017, 09:51 AM
#19
If your'e looking for a Porsche Turbo of any year, 996's are the cheapest ($). 997's are next. Then you enter the 930 and 991 $ realm. The 964's are a different league.
I'm guessing the 996's will stay down there at the bottom of the list for a long time. 997's have the 'last of the Mezger' and (veritable) 'last of the MT's' going for them. I think the real question is how the 991's will fare down the road.
I'm guessing the 996's will stay down there at the bottom of the list for a long time. 997's have the 'last of the Mezger' and (veritable) 'last of the MT's' going for them. I think the real question is how the 991's will fare down the road.
02-11-2017, 10:55 AM
#21
Rennlist Member
A few years back, people realized that the 996TTs were great values. When you could find one in the high $30K, low $40K range for a car that had the vaunted Mezger, looked better than the other 996s (because it actually had some hips to it), and was plenty fast and could be made faster, people started seeing past the headlights and buying a lot of car for the money. As with everything, as more people started realizing this, they became more desirable... and expensive. I actually ended up with my current 997TT because of the price creep on the 996TT. I had an NA 997 and was thinking about getting a turbo. I missed out on a GT2 "conversion" that was built by my local indy shop and then started looking around at cars to do my own GT2 conversion. When I found a nice 2002 TT with low miles for $45K and the owner wouldn't budge on the price, I realized that I might as well start looking at 997TT instead, and drop the whole idea of modding up a 996. Glad I did.
I do not believe the the 996 values will eclipse the 997, so as the 996 rises, I think the 997 will rise too, just like another poster already said in this thread. I don't think anyone is expecting these to skyrocket or become investments, but if you buy a car, drive it for 5 years and then sell it for not too much less than what you bought it for, that's a huge win. I'm not thinking that the floor for high mileage tips will get below $45K and low mileage 6MTs will stay above $60K.
I do not believe the the 996 values will eclipse the 997, so as the 996 rises, I think the 997 will rise too, just like another poster already said in this thread. I don't think anyone is expecting these to skyrocket or become investments, but if you buy a car, drive it for 5 years and then sell it for not too much less than what you bought it for, that's a huge win. I'm not thinking that the floor for high mileage tips will get below $45K and low mileage 6MTs will stay above $60K.
This is exactly how I got back into Porsche's. I saw that I could drive, & by drive I mean put a lot of miles on, a 996tt, & the only real cost would be maintenance.
I used to buy them new, or near new, & I was always afraid to put miles on them. Stone chips, & depreciation from miles kept them in the garage.
I bought a 12000 mile garage queen 996tt in 2014 for $53k. I sold it in 2016 with 35000 miles for $44k.
I don't think you can drive a new f-150 for that... My only regret is that I didn't drive until it had 65000 miles on it & sell it for $41k!
I did the same thing when I bought a 997tt... I found a nice low mileage (right at 13000 miles) example that I'm driving a lot. I'm paying a bit of a premium for the garage queens, & I think next time around I'm going to buy a car with a few more miles on it, & I should suffer even less depreciation. (I guess I'm a slow learner).
I've stopped thinking of them as art, & started enjoying the cars.
A good friend of mine has always asked me; "Would you not have sex with your wife so that you can save her for the next guy?.... then why would you not drive a car?".
02-11-2017, 11:47 AM
#22
Burning Brakes
I've done a bit of Googling on this topic, and most of what I found were threads from 5-7 years ago either predicting what the future values of the 07-09 997TT will be, or people sharing what they paid for their's. I've noticed two things:
1. The individuals that predicted the future values in 5-6 years (now) were way off
and
2. The individuals that bought theirs back in 2010-2012 (when they were 2-5 years old) paid roughly what they are selling for now
1. The individuals that predicted the future values in 5-6 years (now) were way off
and
2. The individuals that bought theirs back in 2010-2012 (when they were 2-5 years old) paid roughly what they are selling for now
02-12-2017, 05:10 PM
#23
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Anyone who has money to spend when most others don't will usually make out. During the recession not a lot of people had the money or were willing to let go of it for a slightly used 997.1 Turbo. Those that did made a very smart decision as the car has likely not depreciated much if any at all. Good on them.
As a 997.1 TT owner, I sure hope the value stays high, whether I keep it forever or sell it soon. Higher price is usually a plus.
Since 991 TT's are 200k with options, that should keep the 997 prices up decently.
Of course, this is all speculation as I don't have a functional crystal ball.
Chris
As a 997.1 TT owner, I sure hope the value stays high, whether I keep it forever or sell it soon. Higher price is usually a plus.
Since 991 TT's are 200k with options, that should keep the 997 prices up decently.
Of course, this is all speculation as I don't have a functional crystal ball.
Chris