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928 GTS vs. '99 996

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Old 10-10-2005, 10:04 AM
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Bill Coleman
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Default 928 GTS vs. '99 996

Production that is, not performance.

If I read the numbers right, total GTS sales in the US were ~300. A search of Autotrader turns up 5 cars. A similar search of just '99 911s yields a staggering 403 cars for sale - in other words there are currently more '99 996s listed on AutoTrader than total US sales of the 928 GTS! And if you search for '00 911s you get another 269 hits.

I'm always thinking about what my next Porsche might be. A GTS would be my first choice, but I've got to believe that with that many 996s available the resale is going to continue to fall, and that in a couple years there are going to be some nice 996s available for not much money.

That's going to make it awful tempting...
Old 10-10-2005, 11:53 AM
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Brent 89-GT
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I've looked at early 996 prices as well. There is a good reason they are so plentiful on the used market and they are so cheap. Fact is, they have some issues. They leak oil, either from porus engine cases or the rear main seal area. There have been a lot of engine replacements due to this condition and anybody who does the research becomes less willing to own one of these cars. As much as the GTS appeals to me, that engines oil consumption worries me as well. Then I look at threads showing GTS dyno numbers and threads with S4/GT dyno numbers and I see no reason to change what I have. If I were to change anything I think a supercharger on my 928 would be the best way to spend the money.
Old 10-10-2005, 12:02 PM
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Cameron
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Average mileage late '90s 996s are in the mid to upper twenties range. Not far from the price of an early '90s 928 GT. Much cheaper than 928 GTS pricing.
Old 10-10-2005, 12:17 PM
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cobalt
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There were more than 400 GTS's made. I have no problems with oil consumption. I add a quart every 1500 to 1800 miles which is pretty good for a Porsche. Power is not bad. MY GTech showed me a reading of 365BHP with just an RMB a 0-60 time of 5.35 seconds and a 1/4 time of 13.75 seconds @102mph. This was on a slight upward slope weighing in at 3505 pounds and I am sure I can get more out of it.

Drive a 996 and then take a GT or GTS out and you will see the real reason why so many 996's are for sale.
Old 10-10-2005, 12:17 PM
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Bill Coleman
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Originally Posted by Cameron
Average mileage late '90s 996s are in the mid to upper twenties range. Not far from the price of an early '90s 928 GT. Much cheaper than 928 GTS pricing.
There are a few listed in the high $20s, but most are $30k and up. Of course that's what they're asking, not necessarily what they're selling for.

It amuses me that I sold my '89 Carrera a couple years ago for ~$28k and now I could buy a 10 year newer 911 for about the same money.

And to be clear - any purchase would be an addition, not a replacement. I have no intention of giving up my current 928!
Old 10-10-2005, 12:23 PM
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Bill Coleman
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Originally Posted by cobalt
There were more than 400 GTS's made.
I thought so to, but according to the 928 Specialists website US sales were only 120 in 1993, 84 in 1994, 95 in 1995 and 5 in 1996 (leftover '95s, presumably). ROW sales were considerably higher.
Old 10-10-2005, 12:31 PM
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Originally Posted by cobalt
MY GTech showed me a reading of 65BHP with just an RMB a 0-60 time of 5.35 seconds and a 1/4 time of 13.75 seconds @102mph.
Anthony, sounds like you have a nice healthy GTS. I would be VERY interested in a DynoJet sheet (and the raw data) if you do runs. The other GTS dyno thread reveals some disappointing numbers which I think may be from not-completely-healthy GTSs. I would love to have some data that shows a stock GTS making stock numbers.
Old 10-10-2005, 01:02 PM
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cobalt
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Originally Posted by Bill Coleman
I thought so to, but according to the 928 Specialists website US sales were only 120 in 1993, 84 in 1994, 95 in 1995 and 5 in 1996 (leftover '95s, presumably). ROW sales were considerably higher.
According to Chucks research on the registry. He is showing 408 possibly more in total. 90 early 93's, 102 late 93's, 139-94's and 77-95's. Not all are accounted for. I know of one that wasn't sold until late 96 because it sat at the dealership for quite some time before it eventually sold for much less than sticker. Everyone else I spoke to seems to think Chucks numbers are pretty close. I asked someone to look into production numbers for the 94 turbos and the GTS who had contacts at the factory. He could not give me exact numbers but was told the number was just north of 400 for US spec cars and both cars had very similar stock production numbers. (the overall number of 94 turbos was higher due to the S models but 409 stock 3.6T's were made) I was told that some of these cars may not have been sold in the US although they were US spec cars. So the true number may never be known.


Anthony, sounds like you have a nice healthy GTS. I would be VERY interested in a DynoJet sheet (and the raw data) if you do runs. The other GTS dyno thread reveals some disappointing numbers which I think may be from not-completely-healthy GTSs. I would love to have some data that shows a stock GTS making stock numbers.
I have been trying to get both my cars on the dyno for a few months now. I can't seem to find the time. The turbo needs to be tested first but I should have this done by the spring. I had the turbo dynoed last year and tried the GTech after. The numbers came up a little shy from the dyno because I was getting too much wheel slippage. In all I would say these devices are pretty close to being accurate. I would really like to see what the dyno actually says regarding the GTS. I saw the other numbers and I was a bit surprised. I don't have enough experience with the 928 but overall the car feels very solid and strong. At 58k miles and a good clean history of being well maintained I would think this engine is in its prime. (At least I hope so!) You will be the first to know when I get the results from the dyno.
Old 10-10-2005, 01:06 PM
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A high percentage of of all new Porsche cars the last several years are being leased.(RENTED)and at the end of the lease the "owner" has the option to buy it at a price established at the time of the initial lease. Fact is the financial companies ALL grossly overestimated the residual value of used water cooled 911s (that made for lower payments and lower payments gets more customers). So many of the renters simply turn in the car at lease end ! The financial companies dump them at the wholsale Auctions ...The rest is history. The financial companies thought they were dealing in financing and interest rate arbitrage BUT in reality they are in the business of making used cars and guessing about what cars will be worth 3-5 years in the future. Their crystals ***** let them down on this one.
Old 10-10-2005, 01:18 PM
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Bill Coleman
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Originally Posted by cobalt
According to Chucks research on the registry. He is showing 408 possibly more in total. 90 early 93's, 102 late 93's, 139-94's and 77-95's.
I stand corrected - I'd forgotten that Chuck had gotten hold of some better counts of the various years. By his numbers there were 408 total 928 GTS sales in the US, or just slightly more than the number of '99 996s currently listed on AutoTrader (down to 401 last time I checked).
Old 10-10-2005, 01:53 PM
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Scott M.
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Do a search for F360's. It almost seems that there are more for sale currently than they made.

The price you pay to be in vogue.
Old 10-10-2005, 02:28 PM
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Bill Coleman
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Originally Posted by Scott M.
Do a search for F360's. It almost seems that there are more for sale currently than they made.

The price you pay to be in vogue.
Remember not long ago when used 360s were selling for as much as new ones - if you could find one?

AutoTrader currently has listings for *169* of them for sale as low as $115k and none higher than $250k. Seems the F430 has stolen its thunder and it's no longer 'desirable'. But if you want a 430 there's a 2 year waiting list, or you can pay even more for a used one. Sound familiar?

My favorite listing is the 'used' F430 with 88 miles on it, a sticker price of ~$234k, and an asking price of $340k!!!
Old 10-10-2005, 02:34 PM
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Weissach
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If you wait a little longer, the 996TT's will also be at comparable prices. They're already worth less than many 993TT's...
Old 10-10-2005, 06:51 PM
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996's will continue to go down in value....remember many of the hardcore aircooled guys do not like the 996 or 997!

GTS's will probably remain in the stable to appreciating range do you their low numbers..especially good conditions 5 speeds.....

I do think the car do buy is early S4's....especially in 5 speeds....the pre GT cars...there are quite a few out there (total production for 87-88 is about 3400 cars) and the prices are far cheaper than GT's or GTS's....you can find an excellent S4 for less than $20K, vs far more for GT or GTS....for the same total investment of a nice GTS...you could have a wicked S4 with a S/C or stroker! Which is still cheaper than many SUV's
Old 10-10-2005, 07:52 PM
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cobalt
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Originally Posted by Bill Coleman
Remember not long ago when used 360s were selling for as much as new ones - if you could find one?

AutoTrader currently has listings for *169* of them for sale as low as $115k and none higher than $250k. Seems the F430 has stolen its thunder and it's no longer 'desirable'. But if you want a 430 there's a 2 year waiting list, or you can pay even more for a used one. Sound familiar?

My favorite listing is the 'used' F430 with 88 miles on it, a sticker price of ~$234k, and an asking price of $340k!!!
Yeah my sisters friend sold his 360 at a serious loss so he could pay almost $100k over list to get his hands on an F430. They are great driving cars sound great and are damn capable but give me a break, worst of all the build quality is laking. This guy also has a GTS and he recently spent the same as I paid for my pristine GTS to have his spruced up. Shows you what having too much money has done to the markets.

GTS's will probably remain in the stable to appreciating range do you their low numbers..especially good conditions 5 speeds.....
I hope your right. I have seen the 94 turbo market rise in the past 2 years since I bought mine and have been offered $15k over what I have into it. Not that I bought the cars as investments but it never hurts to own a car that costs you nothing in the end to have owned.


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