Estimated value of my 993tt
Well all this is a very hard post for me to write but the time may be here for me to let go of the favorite Porsche I've owned so far. With that being said I have no idea what to price it at and of'course I'd love nothing more than for it to go to a fellow Rennlister. I will initially list it in the members for sale forum first but until then I need to try and figure out what is a fair price. So I'm soliciting all you on what you think this excellent example of a driver would be. See I think it is the perfect example of a 993tt because its improved in multiple areas and it has only 7k miles on the engine and turbos which I had freshened up a few years ago. It's a absolute blast to drive and yet as docile as stock. I've owned the car 7 years now and have spared no expense on it since taking ownership. I would love nothing more than to find it a home to another Porsche enthusiast as myself.
Here's a high level of what it is. 1996 Slate Grey metallic w/blk interior 77K odometer miles Body
Thanks for your opinions and suggestions. Is $130K right? Chadhttps://cimg3.ibsrv.net/gimg/rennlis...d8ad49e465.jpg https://cimg8.ibsrv.net/gimg/rennlis...fe8f89adc3.jpg https://cimg6.ibsrv.net/gimg/rennlis...319704689f.jpg |
Price
That is a nice car
my turbo R is valued per insurance at 175 im not sure if that is helpful I would think a purest would be put off by all your improvements but it is a very sweet car my guess is north of 100 but less than 140???? what do I know ? |
I'd agree scosurf. It seems way too nice to be a $100k car(since you can't even find one for that) but no way do I think its worth +$140k and hey if the purest wants to put it back to stock they can...I have take off parts. except for the original turbos.
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Chad, thanks for rejoining. Please post a price. Thanks!
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It's a great car you have, but 993TT prices have softened from their peak. The higher you price it, the longer it may sit.
So the question for you is, is it more important for you to get your price, or more important for a quick transaction and not to have your car for sale for a long time and field tons of tire kickers? I can tell you that for $130K you are facing competition from cars with more originality and fewer miles that have been sitting near those prices for a long time. Check out Cars.com, Autotrader etc. and you'll see. Good luck, and as Mark said, post a price! :cheers: |
Thanks goofball. I'm a bit confused on post a price comment. I put $130k just so there is a price there and heck if someone wants it for $130k then let's talk...but the car isn't formally for sale. I am however trying to understand based on people that also currently own these and other Porsche aficionados on this site would list it for sale for if it was theirs to sell today. I put all the details on what was done to it so that peers could get a good understanding of the things I've done to it these past 3 years. In terms of what's out there...In my quick scan I didn't see anything less than $125k(asking price) and the car closest to mine in terms of modifications the person is asking $175k.
In no way do I have illusions of grandeur of what this car is worth. I really just put this post up to see if it was yours what you would list it at. I haven't been following the market and thus why I'm asking for opinions/help. |
The only thing that has "softened" was the continued rise of the prices. Good cars get what they're expecting. I would say a buck 30 is reasonable, (and shouldn't sit for long) if you find someone who is more bent on driving a great car, as opposed to ROI. Your car is not outta reach to make stock, and obviously I think everything you've done, has enhanced/bettered the car. This should go to someone that wants a 3TT forever.
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I have a friend with a 24k mile 993TT he has a buyer at $170k. Not sure if it helps but with all air cooled cars it depends on miles and condition. Nice cars bring the big $$ the rest sit.
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Thanks Guys...I'm not looking for big dollars. but don't want to under list it either. everyone's comments are appreciated. I just checked Car.com and the market doesn't seem very soft in terms of what people are asking...my god.
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Beautiful car, but from what I have seen in the market, people do not value almost anything that takes the car away from stock. The engine rebuild is probably good, maintenance items that have been upgraded perhaps like shocks and springs might be neutral or positive for value, but non-stock wheels, seats, steering wheel, painted items, etc. don't add value, and probably reduce value if they cannot be costlessly reversed. You might find a buyer that wants the car just as you have it, but I think there is a lot broader market for cars that are as close to original as possible. I'd think about putting it back closer to stock and separately selling whatever upgrade parts you have.
All of that said, the prices people are talking about here seem reasonable. I'd just think the number would be higher if you the car was more original. Good luck with the potential sale. p.s., I think that color is great and I'd pay a premium for it. |
I agree the color combo is a premium
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Hey Chad, sorry that you are selling. I don't really follow the price of these cars like most on here do, so I can't give you any advise on the price. You have a well set up car and I wouldn't change a thing to sell it. Not everyone wants a rock stock car, especially if the mods are done tastefully! Besides, every mod is reversible if someone wants to return it to stock. It seems that there used to be a time on here when all we talked about was modding our cars. That was fun and the forum was very active :thumbup:. Once the value of these cars increased, the general consensus is that the car should look like it came off the showroom floor. To each their own ;). Anyhow I think you've do a great job with setting up you car and wish you the best!
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Awesome color combination...great looking car. Just posted my 993tt on the Marketplace which is lower mileage and all original - yet more money. I think your ask is fine.
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Agreed I think your ask is fine too! Closer to $100K just seems like to good of a deal. Keep in mind some areas are now approaching winter season so your overall pool of buyers will be down too. You guys are lucky in Cali. :)
Assuming cosmetically your in good shape, plus your engine rebuild these few points go a long way IMO. The car sounds like it's literally turn key for the next buyer to enjoy. I guess another way to look at this, how much would a 77K mile TT go for with original clutch, original suspension, no rebuild, original turbos etc. It's not like your car has a crazy body kit or wheels, aftermarket interior stuff etc. It's tastefully upgraded, good luck hopefully there can be a turn of events and you keep the car. |
I'm currently in the market to buy. The number that popped in my head BEFORE looking at anyone else's guesses was $120k
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Miles, condition, originality. Yours is a nice example but the mods hurt value. if you put it back to stock, or close, you might get 130. As is, I'd say 100-115k.
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Originally Posted by Slate993tt
Thanks goofball. I'm a bit confused on post a price comment. I put $130k just so there is a price there and heck if someone wants it for $130k then let's talk...but the car isn't formally for sale. I am however trying to understand based on people that also currently own these and other Porsche aficionados on this site would list it for sale for if it was theirs to sell today. I put all the details on what was done to it so that peers could get a good understanding of the things I've done to it these past 3 years. In terms of what's out there...In my quick scan I didn't see anything less than $125k(asking price) and the car closest to mine in terms of modifications the person is asking $175k.
In no way do I have illusions of grandeur of what this car is worth. I really just put this post up to see if it was yours what you would list it at. I haven't been following the market and thus why I'm asking for opinions/help. |
Thanks again all. Sounds like what my gut was telling me is what this group also believes in that of'course Stock equals highest re-sale $$$ (due to the amount of people who want to stuff these away and wipe em down with diapers each night) but the fact the engine has been rebuilt(including new (Rod Bolts, Bearings and Nuts does help it's value. I do have the factory wheels, shocks, mufflers etc so if someone wants much more stock it won't be hard. Note to self that I should probably put the stock wheels on for pictures since that is probably causing some stomachs to turn since it was water pumper turbo wheels on it. As far as putting stock shocks back on it I'd just about die if I had to go back to the understeering pig this thing was prior to dialing it in...but I guess purists may enjoy that and I should raise it to the Paris-Dakar ride height specs again...I mean after all it is a 4x4. Those of you who have switched from the stock shocks to Pss9's or 10's know what I'm talking about.
Ideally the car would go to someone who wants to drive it daily and love having a solid and sorted 21 year old car that can still keep up with the best of them. So it sounds like at 130ish range I put my have patience pants on and at closer to $100k someone would be getting the deal of a lifetime. Unfortunately around the $100k mark really won't work for me so looks like having some patience for the right buyer is my future. Thanks again everyone as always you've been a great help....and yes I miss the days when the board was filled with "modification threads" and what have you done to your 993 lately and track threads etc. But hey even I took mine off the track 2 years ago because of the rapid valuation climb. btw it does 1:33's at Big Willow on radials...yes radials not R-compounds. Take care everyone as your knowledge has yet again proven priceless. love this board. Chad |
Great color. Bring a Trailer? I lurk there but don't know what it would cost you (never registered). You can set the reserve at any price you like. Some high dollar cars seem to sell there.
Good luck. |
Start at a buck 40, and stop at 130. Both of you will feel like you did well. That's not outta the realm of reasonableness. Just wait for the knowledgeable one, who wants your car! IF, you must, GLWS.
Aloha :-) |
Thanks Keadog. I've never sold or bought through Bring-a-trailer but I am aware of the website. great idea.
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Sweet Turbo. I think a $129k ask will get some interest. I wouldn't sell your car for less than $115k. It looks sorted and a documented rebuild is a real piece of mind for the next buyer. Put on the original rims maybe will help, but I personally like the 996tt rims on the 993tt. GLWS.
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Good thread, nice car, someone will read this and it will get stuck in their head and they will buy it lol
glws |
Another decent place to get pricing info can be eBay. Not perfect, but it does get a national reach with lots of eyeballs.
Here's the latest listing I have of a 993TT that ended yesterday. It's not an apples to apples comp as this car only has 26K miles, but you can follow listings that have ended and note where the bidding price ends to help you gauge where 993TT pricing is at the moment. https://www.ebay.com/itm/1997-Porsch...p2047675.l2557 Good luck :cheers: |
Thanks All! More great info and help...as always. Bloose, I will put it on the 993tt wheels for picture day but the tires on the 996tt rims are soo much better so I probably won't leave the 3tt wheels on it long. But I agree that from a selling standpoint the original wheels will serve me better. But this car is a driver and I try to drive it a minimum of once a week if not more.
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The engine having been apart is likely not be a positive thing - I did not see any comments on why it was rebuilt? They typically last more than 70K so was there an issue?
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Pricing is surely all over the place. I've spoken to a number of Porsche shops including reputable dealers who know the market and the word I'm getting is that the market on 993TT and 964T's are softening up, more so than many expected. It remains location dependent with California typically fetching the highest numbers, and of course, in the winter months in the Northeast, the lowest. One guy I spoke to has 2 cars on consignment, both '96's, and has claimed interest has wained in the cars, he's advised both sellers to lower prices, but they continue to believe the cars are worth astronomical amounts. These are mid 50's mileage cars, one slightly modified, the other bone stock. Like anything, it will take some time for reality to set in with some sellers.
Will people pay the moon and the stars for clean, low-mileage (sub 20k) cars? Of course - but they are rare and not what most of the market is looking for. The car I linked to below, a '96 with 47k miles, recently sold (as in within the past few weeks) for less than $110k from a private seller who advertised the car for a friend on another Porsche forum. And the ad sat for a bit, being reduced a few times before it sold. When I finally saw the ad it had a deposit already. The ad has been updated on the other site so the price is now gone, as the dealer/flipper didn't want people knowing what he paid for it. If anyone wants the links to the original ad PM me. The dealer/flipper is now asking $20k + more. https://www.ebay.com/itm/1996-Porsche-911-Carrera-Turbo/322916281932?epid=73988170&hash=item4b2f4f6e4c:g:n84AAOSwfVhaIZ-s&vxp=mtr |
Originally Posted by Mike J
(Post 14661885)
The engine having been apart is likely not be a positive thing - I did not see any comments on why it was rebuilt? They typically last more than 70K so was there an issue?
Chad |
Shame all this originality departure has to be a negative. I like ALL his mods. Hate front bumperettes (unless car is black) etc....
question: -Do we really have to put stock US shocks/springs back on these when needed for the 4x4 look? Are PSS10's regarded as acceptable in the collectible world? i cant believe i'm still riding on my original shocks/they have to be shot so do we think i can put Bilsteins on w/o a scowl?.........cant they be jacked up to suv height anyway? ;) |
Originally Posted by Ridin Dirty
(Post 14664412)
Shame all this originality departure has to be a negative. I like ALL his mods. Hate front bumperettes (unless car is black) etc....
question: -Do we really have to put stock US shocks/springs back on these when needed for the 4x4 look? Are PSS10's regarded as acceptable in the collectible world? i cant believe i'm still riding on my original shocks/they have to be shot so do we think i can put Bilsteins on w/o a scowl?.........cant they be jacked up to suv height anyway? ;) In my case, I replaced the suspension on my car, but kept the original parts and will put it back on if I ever sell. I hate the SUV look and handling, but also agree that the value is lower unless I put the stock suspension back on: https://cimg2.ibsrv.net/gimg/rennlis...b4c5f23872.jpg |
Originally Posted by 993TurboS
(Post 14665354)
My opinion is that if it can be returned to original with no evidence that it was ever altered, then there should be no value impact. If you take off a set of wheels and then put them back on, that does not impact value. If you take off springs and them put them back on, no impact. If you replace a maintenance item with OEM, no real impact. If you have access to the original shocks and springs, either because you keep them or they are still available from Porsche, you shouldn't have a problem. Selling the car with the non-stock springs should degrade value by at most the cost of getting the original springs back on the car.
In my case, I replaced the suspension on my car, but kept the original parts and will put it back on if I ever sell. I hate the SUV look and handling, but also agree that the value is lower unless I put the stock suspension back on: https://cimg2.ibsrv.net/gimg/rennlis...b4c5f23872.jpg |
Originally Posted by 993TurboS
(Post 14665354)
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Originally Posted by 993TurboSMy opinion is that if it can be returned to original with no evidence that it was ever altered, then there should be no value impact. If you take off a set of wheels and then put them back on, that does not impact value. If you take off springs and them put them back on, no impact. If you replace a maintenance item with OEM, no real impact. If you have access to the original shocks and springs, either because you keep them or they are still available from Porsche, you shouldn't have a problem. Selling the car with the non-stock springs should degrade value by at most the cost of getting the original springs back on the car. In my case, I replaced the suspension on my car, but kept the original parts and will put it back on if I ever sell. I hate the SUV look and handling, but also agree that the value is lower unless I put the stock suspension back on:Beautiful S you have. I agree for the most part regarding the originality of a low production "S" model, but do you really think anyone with a non "S" is ever going to put the original stock suspension back on their car once they've upgraded it? Unless the stock suspension you have removed is in unused perfect working condition, why would you put it back on? The struts and shocks on these cars notoriously had a very short life. Anyone buying one of these 20 year old cars would know the suspension was shot if it was original. Unless you have changed your engine and transmission with a different serial#, every modification (bolt on parts that is) is reversible.Slate993TT has a very nicely modified car. He mentioned that he modified the engine to gain another 100HP. Ruf has been doing it for years with great success. Ruf 993TT's command big money and they are modified extensively. Do Ruf cars get a pass because they have the Ruf name attached to them? Why is a Ruf with 500HP worth more than a non Ruf with 500HP? Just wondering............__________________ |
Bradford I agree with your points, it's kinda artificial. Certain name brand 'upgrades' - ruf/andial seem to command a premium. I guess there's some history behind those names. It's the same though with 'options' in a used car market, rarely do expensive 'options' add significant value to used cars. Never made sense to me. Having said that, I did buy a stock/original Ferrari 328, stock 928 and stock nsx too... You know that preowned Aston Martin poster with the hot women and caption about being 'used but do you really care?' I guess we do when we want to make it our own - and stock seem less used. :icon501:
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I think the point a lot of people here miss is that the value of these cars is not driven by the enthusiast community - it's driven by the investors, the collectors, and the non-Porschephile. They are the ones who drove the prices to sky high levels over the past few years. These groups want stock, unmolested cars. If the market was driven by enthusiasts, I argue these cars would not be valued north of $100k. In my opinion good ones would hover around the $70-$80k mark, like NSX's and 355's.
In terms of why a RUF is worth more than a car that may be simply modified by a Porsche speed shop or a guy wrenching in his yard, among lots of other things, RUF cars carry a very unique provenance- in fact, real RUF cars are VIN'd directly through RUF . Google Porsche RUF and see what went into these cars (and still does). |
I like to think of mine as one that performs just as good or better than a RUF and I didn't have to pay the $$$ to enjoy that feeling. Hope the next owner of it feels the same way. I really like RUF's btw the same way I love Ferrari's and all types of cars I can't afford. What I love even more is making the cars I do own perform like the higher dollar ones. I agree that it wasn't the enthusiasts the drove up the price of the Oil-Cooled 911's.
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Quote: Yes it seems that the only factory option on our cars that adds value are sport seatsOriginally Posted by Basal Skull https://rennlist.com/forums/images/buttons/viewpost.gifBradford I agree with your points, it's kinda artificial. Certain name brand 'upgrades' - ruf/andial seem to command a premium. I guess there's some history behind those names. It's the same though with 'options' in a used car market, rarely do expensive 'options' add significant value to used cars. Never made sense to me. Having said that, I did buy a stock/original Ferrari 328, stock 928 and stock nsx too... You know that preowned Aston Martin poster with the hot women and caption about being 'used but do you really care?' I guess we do when we want to make it our own - and stock seem less used. https://rennlist.com/forums/graemlins/icon501.gif Quote: Originally Posted by njcycleguy https://rennlist.com/forums/images/buttons/viewpost.gifI think the point a lot of people here miss is that the value of these cars is not driven by the enthusiast community - it's driven by the investors, the collectors, and the non-Porschephile. They are the ones who drove the prices to sky high levels over the past few years. These groups want stock, unmolested cars. If the market was driven by enthusiasts, I argue these cars would not be valued north of $100k. In my opinion good ones would hover around the $70-$80k mark, like NSX's and 355's. In terms of why a RUF is worth more than a car that may be simply modified by a Porsche speed shop or a guy wrenching in his yard, among lots of other things, RUF cars carry a very unique provenance- in fact, real RUF cars are VIN'd directly through RUF . Google Porsche RUF and see what went into these cars (and still does). Whereas, Slate993TT gets his engine done by a local Porsche trained master mechanic that he can take to for service at any time. I think there is this perception that if Ruf (I think this only holds true for the 993TT) doesn't build your engine, then it must be substandard. Otherwise, the value of a quality built engine by a local Porsche trained master mechanic should be worth that of a Ruf built engine??? We are not talking about the Yellowbird where Ruf blew people away with their performance or their 911 years ago. We are talking about a very well thought out mid range powered engine package that Ruf builds but is easily duplicated by others for the 993TT. This is not in any way a slam on Ruf. I just want to open a dialogue to see what others think. |
Member to Member ad for the car placed by me last night. |
Good luck with the sale - I think you priced it realistically but I guess we shall see. I was considering this car when Bert had it for sale but really wanted arena red.
You may want to mention the interior color change in your ad though - which was a good move IMO. |
Remember this car in DC FS originally. Good move on the black interior change. It was what held me back at that time. GLWTS.
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Originally Posted by Slate993tt
(Post 14720746)
Member to Member ad for the car placed by me last night. |
Originally Posted by Nurburger
(Post 14721803)
Good luck with the sale - I think you priced it realistically but I guess we shall see. I was considering this car when Bert had it for sale but really wanted arena red.
You may want to mention the interior color change in your ad though - which was a good move IMO. |
Originally Posted by porschefig
(Post 14722534)
Link? I found your 997 Cab S ad but not the 993TT.
If you can't go into that section just PM me with your questions and I'll be happy to help you. I listed it for $120k. |
Originally Posted by Nurburger
(Post 14721803)
Good luck with the sale - I think you priced it realistically but I guess we shall see. I was considering this car when Bert had it for sale but really wanted arena red.
You may want to mention the interior color change in your ad though - which was a good move IMO.
Originally Posted by chsu74
(Post 14721995)
Remember this car in DC FS originally. Good move on the black interior change. It was what held me back at that time. GLWTS.
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