C2S current value check
Addict
Rennlist Member
Rennlist Member
Joined: Jan 2004
Posts: 8,687
Likes: 124
From: Boston, MA
Well, purchasing is a simple act of one guy selling and one guy buying. If he;s not willing to sell, he's not willing to sell. If you're willing to buy for more than $36K, you can also do so. I've verbalized my understanding of the market value of such a car today.
Nordschleife Master
Joined: Jun 2003
Posts: 5,314
Likes: 24
From: Los Altos, CA
$36 - $39K Range in the current market ... even less in 6 months 
After a long while of searching off and on, I have found a C2S I'm excited about.
I know pricing on C2S's have held in reasonably well but wanted to get a reality check as I also know this car has been sitting for some time and clearly any depreciating asset has depreciated over the last 6 months.
The car: 1997 C2S, 33k miles, polar silver / black, 6-speed, motor sound package.
Condition: Described as very clean with one known minor touch up on the paint (no accident but scraped against another car while being moved). Also a relatively well documented example
Thanks in advance.
I know pricing on C2S's have held in reasonably well but wanted to get a reality check as I also know this car has been sitting for some time and clearly any depreciating asset has depreciated over the last 6 months.
The car: 1997 C2S, 33k miles, polar silver / black, 6-speed, motor sound package.
Condition: Described as very clean with one known minor touch up on the paint (no accident but scraped against another car while being moved). Also a relatively well documented example
Thanks in advance.
6th Gear
Joined: May 2005
Posts: 6
Likes: 0
From: Austin, Texas & Sydney, Australia
1998 C2S - Black/Black
Paid $42,500 fully loaded (Halogen lights, etc) with 42,000 miles in June. I've put 3,000 miles on it (now putting away for winter).
My expectations are the C2S will stay in the 30-40 range for next 5-10 years (assuming mileage around 3-4k p/year)
My expectations are the C2S will stay in the 30-40 range for next 5-10 years (assuming mileage around 3-4k p/year)
Rennlist Member
Joined: Mar 2003
Posts: 2,781
Likes: 442
From: kansas
I agree, low 40's in this market for a low mileage S. The WB 993's seem to be a sought after item.
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Rennlist Member
Joined: Oct 2006
Posts: 94
Likes: 0
From: Brownsville,TX
How do put a price on an emotional purchase?.I spent over two years looking and finally found a low mileage(24K),inmaculate,1 owner 96 Carrera coupe.I bought it from Truspeed in 2006 , paid $40K and maybe would have paid more because it was the right car forme.I discovered Rennlist and enjoy reading it everyday,the slippery slope started soon after,I really enjoy owning this car.
It is the only 993 where i live and I keep getting offers,specially from 996 and Cayman owners,last week i had a firm unsolicited offer for $48k from a fellow golfer friend,told him I would sleep on it.
Went home and thought about which car I would replace it that will give me the same enjoynment,uniqueness,history.ect and honestly I couldn't,and my 14 year old boy when ask if I should sell it,he said "Dad you love that car, i've seen you spend time in the garage just looking at it".I'm keeping mine and hope to never have to sell it.The 993's are the best and last of a unique car,prices are relative,if you really want one and find the one that you want don't let the price and or market perceptions hold you back.
Joseph
96 Carrera coupe
midnight blue/midnight blue,6sp. 996 3-spoke steering wheel,from Gert:alucarbon shifter and hand brake,MO33 with Bilsteins HD,fr. and rr. sway bars,aluminun door sills,MY02 17" wheels
It is the only 993 where i live and I keep getting offers,specially from 996 and Cayman owners,last week i had a firm unsolicited offer for $48k from a fellow golfer friend,told him I would sleep on it.
Went home and thought about which car I would replace it that will give me the same enjoynment,uniqueness,history.ect and honestly I couldn't,and my 14 year old boy when ask if I should sell it,he said "Dad you love that car, i've seen you spend time in the garage just looking at it".I'm keeping mine and hope to never have to sell it.The 993's are the best and last of a unique car,prices are relative,if you really want one and find the one that you want don't let the price and or market perceptions hold you back.
Joseph
96 Carrera coupe
midnight blue/midnight blue,6sp. 996 3-spoke steering wheel,from Gert:alucarbon shifter and hand brake,MO33 with Bilsteins HD,fr. and rr. sway bars,aluminun door sills,MY02 17" wheels
Last edited by 993 Azul; Nov 3, 2009 at 05:47 PM.
Instructor
Joined: Oct 2009
Posts: 144
Likes: 0
From: Nova Scotia
Joseph,
I completely agree. We are not buying gas here where we can shop around and get the cheapest price for the same product. These are emotional purchases of somewhat rare cars. I looked a long time for my 1998 2S with all of the options and in the colour and the low milage that I wanted. I wasn't about to let a couple of thousand dollars let it get away. I've already had a couple of thousand dollars worth of fun and I've only had it a few days!
As a long time car collector we are in this hobby because we love it - what price can you put on that.
Just my 2 cents!
Alex
1998 C2S
1980 MGB
1967 E-Type OTS
2007 ML 350
I completely agree. We are not buying gas here where we can shop around and get the cheapest price for the same product. These are emotional purchases of somewhat rare cars. I looked a long time for my 1998 2S with all of the options and in the colour and the low milage that I wanted. I wasn't about to let a couple of thousand dollars let it get away. I've already had a couple of thousand dollars worth of fun and I've only had it a few days!
As a long time car collector we are in this hobby because we love it - what price can you put on that.
Just my 2 cents!
Alex
1998 C2S
1980 MGB
1967 E-Type OTS
2007 ML 350
Rennlist Member
Joined: Jun 2008
Posts: 4,123
Likes: 592
From: Winston-Salem, NC
ARJAG, you're absolutely correct. Life's too short to let the right car (or the right woman) get away. I hate to hear people say "I had this chance to buy one a few years ago but..." Decide what you want, find it, buy it, enjoy it. We all know that 993's are "cult cars" and are fast becoming collector cars. As time goes by, good ones will be harder and harder to find and prices will rise. It's that way with guns, art, coins, fine antiques, etc. Always buy not for speculation but because you really have a "love affair" with it. That way, no matter what the market does, you're not nervous.
Racer
Joined: May 2009
Posts: 466
Likes: 2
The fact of the matter is this, based on my experience with real values of Classic Low-production Porsches:
I bought my 1958 Porsche 356,when the economy sucked, back around 1980, and paid about $30,000 for it, enjoyed the car for 28 years, sold it last year for $84,000. that proves that in time these Porsche 993s will appreciate too! Don't look at todays values, buy a nice example drive it enjoy it and just "sit" on it for some time, it is an appreciating automoble, which it time will return better than your 401, or here in Canada, your RRSP OR RIF.
My .02 cents, trust an old-timer!
Bert
I bought my 1958 Porsche 356,when the economy sucked, back around 1980, and paid about $30,000 for it, enjoyed the car for 28 years, sold it last year for $84,000. that proves that in time these Porsche 993s will appreciate too! Don't look at todays values, buy a nice example drive it enjoy it and just "sit" on it for some time, it is an appreciating automoble, which it time will return better than your 401, or here in Canada, your RRSP OR RIF.
My .02 cents, trust an old-timer!
Bert
