993 Values Appreciating
11-15-2006, 02:36 PM
#32
Racer
Join Date: Nov 2006
Location: The 2-1-Thrill
Posts: 308
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by doberdog
There are only a few dozen 993's for sale accross all of Canada at one time so they do demand a higher price than the U.S. There are more U.S. cars for sale here in the last year or so due to the stronger Canadian dollar but a local car always pulls more money. If you are looking for a wide body car, they are even harder to come by, so a low KM car that is local and is an S goes for top dollar. The U.S. prices are so low compared to Canada but it is also a great market to sell into. If you think a nice C2S is hard to find in the U.S. try finding one here!
11-15-2006, 02:47 PM
#33
Instructor
Join Date: Nov 2001
Location: Hollywood Hills, CA
Posts: 181
Likes: 0
Received 0 Likes
on
0 Posts
I've seen this same discussion go on with the early (69-73) cars too. I think a good low mile no excuse 993 is going to hold its value now. High mile cars will be good deals for people who want to drive them. But don't look at them as an investment. Cars are pretty much always a poor investment. Buy 'em, drive 'em and if you can get out of it for close to what you paid then it was an excellent deal. I think you can do that with a 993 now.
I also think that the S cars are currently at the top of their market price for now. Having watched the market for the last four or five months, pretty much all the same cars are still for sale. I personally think their will be a little correction on those prices. After all there's not as much cheap money around nowadays.
I have also watched the market for 993 Twin Turbos rocket. You could buy a good 20k mile car for around $60k two years ago. I kick myself for not getting one as now good ones are asking in the high 70s and those cars do seem to still be selling.
You can buy a "first gen" (99-01) 996 in the $30k range at the moment and medium mileage "second gen" 02s are in the low $40k range. Thats a hell of a deal and a lot of car for your money, especially when you consider these cars stickered at $80k plus just a couple of years back.
On the 997s, give them a couple more years and they will also be a steal in the $40k range. In the meantime 993 prices will hold I think which makes owning one a bargain. I went the new Porsche route once and would never do it again (except maybe for a 997 GT3RS that I'd keep forever). I had a $90k sticker 2000 C4 that cost me $50k to "own" for three years. Never again.
I also think that the S cars are currently at the top of their market price for now. Having watched the market for the last four or five months, pretty much all the same cars are still for sale. I personally think their will be a little correction on those prices. After all there's not as much cheap money around nowadays.
I have also watched the market for 993 Twin Turbos rocket. You could buy a good 20k mile car for around $60k two years ago. I kick myself for not getting one as now good ones are asking in the high 70s and those cars do seem to still be selling.
You can buy a "first gen" (99-01) 996 in the $30k range at the moment and medium mileage "second gen" 02s are in the low $40k range. Thats a hell of a deal and a lot of car for your money, especially when you consider these cars stickered at $80k plus just a couple of years back.
On the 997s, give them a couple more years and they will also be a steal in the $40k range. In the meantime 993 prices will hold I think which makes owning one a bargain. I went the new Porsche route once and would never do it again (except maybe for a 997 GT3RS that I'd keep forever). I had a $90k sticker 2000 C4 that cost me $50k to "own" for three years. Never again.
11-15-2006, 02:59 PM
#34
Instructor
I paid 39.5k for my 97 C2 3 years ago. It had 33,000 miles. It now has 43,000 miles and if
I can get more than 39.5k for it, then I'd have to say it is appreciating.
A car is hardly ever a good "investment". Even if it's appreciating in value - that can change
over time as the market for Ferrari's in the late 80's proved so well.
On balance I think we should be happy the cars are holding or maybe going up in value as we
are enjoying them. Not too many people have the same situation.
One thing is for sure though. 993's rock.
I can get more than 39.5k for it, then I'd have to say it is appreciating.
A car is hardly ever a good "investment". Even if it's appreciating in value - that can change
over time as the market for Ferrari's in the late 80's proved so well.
On balance I think we should be happy the cars are holding or maybe going up in value as we
are enjoying them. Not too many people have the same situation.
One thing is for sure though. 993's rock.
11-15-2006, 03:00 PM
#35
Rennlist Member
""By the end of the 993's lifespan in 1998, Porsche had produced 409,081 Porsche 911. In only 4 out of 35 years the 993 contributed almost one fifth to this figure, leaving it behind as one of the more successful 911 derivates..."" - source = Wikipedia
I don't think any P-car appreciates, except the rate ones. The best value for a driver car is to get a car that stops depreciating, and it seems to me that all Porsches over 7 or 8 years old stop depreciating by that point, regardless of model.
I don't think any P-car appreciates, except the rate ones. The best value for a driver car is to get a car that stops depreciating, and it seems to me that all Porsches over 7 or 8 years old stop depreciating by that point, regardless of model.
11-15-2006, 03:01 PM
#36
Rennlist Member
I meant "Rare" instead of "rate" in the above post. Darm SpellChecker can't help me.
11-15-2006, 03:23 PM
#37
Nordschleife Master
Join Date: Jun 2005
Location: Neither Here Nor There
Posts: 5,351
Likes: 0
Received 7 Likes
on
5 Posts
Originally Posted by murphyslaw1978
I meant "Rare" instead of "rate" in the above post. Darm SpellChecker can't help me.
11-15-2006, 04:08 PM
#38
Platinum Dealership
Rennlist
Site Sponsor
Rennlist
Site Sponsor
when i purchased my car in jan 03, the cars in the same price range (give or take) were a 2002 -2003 corvette Zo6, a 99-2000 996 c2, and a new 2002 or 2003 boxster or S. compared to how much those cars have dropped with the mileage i have put on my car in the mean time, I am very happy that was the choice i made. haven't had really any major mechanical issues or anything out of the normal tires and brakes and services. The depreciation curve on these cars has been pretty flat for about 3 years now, and hopefully that trend continues.
I agree that the round headlights on the 997 will probably put some downward pressure on the 993 eventually, and the 996 will be like the 964 with only two (964 :RS america and 3.6T 996 gt3 and maybe the gt2 will stabilize) models that really capture a collector or enthusiast base in the long term
I agree that the round headlights on the 997 will probably put some downward pressure on the 993 eventually, and the 996 will be like the 964 with only two (964 :RS america and 3.6T 996 gt3 and maybe the gt2 will stabilize) models that really capture a collector or enthusiast base in the long term
11-15-2006, 04:25 PM
#39
Values definitely appreciating...I bought a 993RS in 2003......sold it in 2005 for $15k more than I paid for it....spoke with the purchaser this evening and he has since been offered $15k more than he paid for it.......fortunately I bought another Rs Cs....which I have also been offered more money for, than I paid for the car....Slightly academic really, as if you sell....you only end up buying a more expensive RS anyhow.
The worst thing is in maybe 5-10 years, assuming we are still allowed to drive, these things will be too expensive to use on track as we will all be so concerned with the values........time to enjoy it while we can
The worst thing is in maybe 5-10 years, assuming we are still allowed to drive, these things will be too expensive to use on track as we will all be so concerned with the values........time to enjoy it while we can
11-15-2006, 04:39 PM
#40
Three Wheelin'
Bottom line supply and demand. Rare cars that people really like such as the 993RS or the (less) rare C2/4S or 993TT models that are well kept and have a strong following will retain the most value. Simple as that. I slum it in the lowly, common man's C2 coupe that I do not expect to plummet in value nor rocket upward.
p.s. there's always a counter-arguement....my 928 was rare and dropped in value like World Com stock...I literally gave it away having put $6K into the car to ready it for sale and getting only $6,500 for it...what a deal!
p.s. there's always a counter-arguement....my 928 was rare and dropped in value like World Com stock...I literally gave it away having put $6K into the car to ready it for sale and getting only $6,500 for it...what a deal!
11-15-2006, 05:45 PM
#41
Rennlist Member
Join Date: Jun 2005
Location: Sandy, UT/Fish Haven, ID
Posts: 3,033
Likes: 0
Received 2 Likes
on
2 Posts
I do know Im only 1 of 539 95 C4 Coupes in the US. Probably a few less with accidents. Obviously not the rarest of the 993s but its nice to have a unique car and not see a lot of them.
11-15-2006, 05:58 PM
#42
Skippy
Rennlist Member
Rennlist Member
Originally Posted by Monique
Convinced the 993s are headed for collector car status.
For instance, the RS market has dried up. Last year, there were 5-10 RS Tourings for sale at mobile.de at any time. Add the RSCS and the Cup cars and the numbers hovered at 17-20 for a combined total.
Now, there are 2 RS touring offered at anytime. Add a few Cup cars and the numbers are at 7-9. The RSCS is virtually unseen anymore (107 built... complete with street papers)
Owners of RS's expect their value is appreciating. In the last year, the market price has gone from 60-65 K euros to 73-80 k euros for good RS tourings.
The same trend is developing for the C2S and (IMO the C2 also) in the North American market. More so than the C4S... (from a collector POV, the AWD system is not as desirable).
So if you own a C2 or C2S, expect depreciation to stop and value to begin an upward trend.
Again, this is my opinion.
For instance, the RS market has dried up. Last year, there were 5-10 RS Tourings for sale at mobile.de at any time. Add the RSCS and the Cup cars and the numbers hovered at 17-20 for a combined total.
Now, there are 2 RS touring offered at anytime. Add a few Cup cars and the numbers are at 7-9. The RSCS is virtually unseen anymore (107 built... complete with street papers)
Owners of RS's expect their value is appreciating. In the last year, the market price has gone from 60-65 K euros to 73-80 k euros for good RS tourings.
The same trend is developing for the C2S and (IMO the C2 also) in the North American market. More so than the C4S... (from a collector POV, the AWD system is not as desirable).
So if you own a C2 or C2S, expect depreciation to stop and value to begin an upward trend.
Again, this is my opinion.
11-15-2006, 06:02 PM
#43
Platinum Dealership
Rennlist
Site Sponsor
Rennlist
Site Sponsor
porsche only made a few thousand 993s combined- i think they actually sold more 996's from 99-01. rarity is great, but for my c2s it's nothing like you lucky bastards that were able to get the 993 RS. the way the gt2 depreciated so sharply in a few years i'm sure was really disappointing to a lot of people who bought new- but the 996 gt3 (no sunroof) has held up really well and it seems will be a comparably enthusiast collected car.
The looks, build quality and rarity of the 993 will propel it a lot higher than almost any other car today- but a lot of cars from the mid and late 90's had great styling and dynamics- that was before the computers took everything over.
The looks, build quality and rarity of the 993 will propel it a lot higher than almost any other car today- but a lot of cars from the mid and late 90's had great styling and dynamics- that was before the computers took everything over.
11-15-2006, 09:01 PM
#44
What I love about owning and driving the older P cars is that you can buy them at a fair price, enjoy driving and owning them and then sell them for close to what you paid. This is possible with most of the 10 year old plus cars. I look at this as being a better alternative than buying a run of the mill new car that is worth nothing after 5 or 6 years and gives back no joy or pride during that time.
I will continue to buy and drive and trade the older Porsches and enjoy every minute I get to spend behind the wheel.
FS
I will continue to buy and drive and trade the older Porsches and enjoy every minute I get to spend behind the wheel.
FS
11-16-2006, 04:58 AM
#45
Addict
Rennlist Member
Rennlist Member
Originally Posted by kris
JP, I was at Penders in Liege to pick-up a few parts last friday when I noticed a 993 RS Polar Silver with 50.000 kms selling @ 55.000 euro on their stock list. I asked the parts guy where the car was sitting, turned out it just sold.
Look at mobile.de. The cheapest there is 73K. The most expensive is Euros 99999... located at Singen and these guys have average cars selling at silly prices. (Once, I looked at a Ferrari there)
They hope to find the "sucker".