fat_louis

Hello Everyone

Hopefully I do not induce any sense of indignation or raise any blood pressures, but where is the 993 on the depreciation curve?

What I am asking is are prices holding firm, drifting down slowly, ready for a crash, shooting up, appreciating, etc? Sale prices seem strong despite the weak economy and overall age of these vehicles. At least that is what I am noticing.

I know it must be model and year specific as well. Not asking anyone to predict the future or anything.

Please forgive me. I am a BMW M3 guy, but am interested in getting a 993 someday as I figure it is the last "real" Porsche and they look damn cool. The E30 M3 (1988-1991) flew under the radar for many years, and good examples could be had for a song. This is no longer the case. Anything similar happen to the 993, or did the transition to liquid cooling make the car an instant classic?

Regards,
Dr. Louis

sptschoice

Sale prices seem strong despite the weak economy and overall age of these vehicles. At least that is what I am noticing.

Regards,
Dr. Louis[/QUOTE]

DR, You answer your own question.......

veblenesque

My sense is that the curve on 993 prices was the mid-2000s. If you'd bought a 993 in 2004-2006, you likely saw the value of your car car hold steady or increase. 911 resale prices are an interesting phenomenon. 996 prices have dropped like a stone to the point that they may now be resale bargains. However, 993s have more upside potential since they were produced in much lower numbers and are unique since they are the best performing of the air cooled variants. Older 911s have been shooting up at auctions, particularly rare versions. Late 70s, early 80s SCs have simply been holding their value. The only 911s that haven't reached their nadir of depreciation are the later 996s and 997s.

vjd3

It's quite remarkable, actually. I have my dad's 1999 BMW 740iL which is an absolute creampuff with 30k miles on it, one owner, all records, no accidents. It stickered at about what a 98 Carrera 2 coupe did and it's probably worth about $10-12k retail today. I would expect a Carrera 2 in the same shape with the same miles to be a $40k car.

I also saw a nice looking 03 Carrera 2 with 40k miles advertised for $23k the other day.

tctung

Same here in Taiwan. In 2005-2006 averaged price for a 1994 C2 was about $40,000. It is $45,000 now. Back then a 993 Turbo was $78,000. It is now $87,000.

scott watkins

My sense is they took a hit during the recent depression, but are coming back. Have had a couple of strong unsolicited offers for my C4S recently.

95 NC 993

I feel the 993 market bottomed out about the same time as the economy in 2008 for the nicer cars, with prices not going any lower since then. A well maintained decent 993 is definitely not any cheaper today than it was in 2008 and probably will never be again unless the economy tanks hard. That indicates the 993 market has definitely bottomed out already. The only way for the price to go is 'up' from this point. Again, talking about the nicer cars, not abused 150,000+ miles examples. Another contributing factor is the amount of 993 models leaving the continent permanently returning home to Europe. Not small numbers either. The $3,000 or so costs to ship overseas is not stopping the serious buyer over there.

Quadcammer

If you leave them in a hermetically sealed chamber and rub them with only the finest microfiber cloth once a week, they should hold their value ok.

if you actually use the thing, forget it, they lose plenty of value when you add the mileage.

Do I think they are going to appreciate significantly in the next ten years, not a chance in hell.

samba-lee

On it's way up for sure. Certainly more desirable than ever and growing.

os993

I think if you view any car purchase in such a light (investment/depreciation) might draw you down the wrong path. Better to find the exact car you like/want, purchase it and enjoy it. At this stage of time, all cars have taken their massive deprection hit, so pick what you like and go for it.

If you want, you can pick up a new 996 model for great prices, as mentioned above. Again, your decision based on what you like.

Stealth 993

It will hold it's value way more then any NEW car!

What I have been seeing is high mile, beat up cars are cheap (under $30k), mid mile, cared for cars are in the $30K range. Garage queens are in the $40k range. C2S & C4S just add 20-40%

I paid $35k for my 95 C4 a little over 3 years ago, & feel it's still around the same sale price.

deadhead1960

After +/- 15 years, all cars including the 993 are fully "depreciated." The vast majority typically have a value of 15-25% of their original sticker price. The 993 is an anomaly and on average has retained approximately 50% of it's original price; a bit more for coupes and a bit less for cabs/tips. External variables such as the economy or a magazine review will cause these valuations to fluctuate 5-10% in either direction. And yes on the supply side, the constant exportation of these cars to Europe and possibly Asia in the next 3-10 years (Porsche's biggest market) will result in prices holding steady. To Quadcammers point, for sure a well driven car with 100k+ miles will always be worth less than a similar condition 30k car, however that's not a depreciation issue. The best time to buy one...is of course right now.

Quadcammer

that first line kinda goes without saying.

as for your C4, how many miles have you put on it.

David993S

IMHO, 993's should now hold their value relatively speaking with probably a litle more depreciation over the next few years, provided the car is well maintained, no accidents, etc. Otherwise, they aren't going to be good "investments" as Porsche made just too many of them for them to become valuable collectors' cars....there's no shortage of nice 993's for sale.

Buy a nice one, drive it, maintain it, and enjoy it.....that's what they're for.

Cheers.

DC from Cape Cod

It would seem that there is a shortage of certain 993 models/colors as it takes some people months to find the right car and some people have to go across the country to find the one they want.