Disappointing trend in values
10-04-2017, 12:15 PM
#61
Race Director
I dropped $30K on my car 5 years ago. At my really good (0%) APR, my "payment" every month has been $500.
The monthly lease payment on a brand new Turbo S coupe is $2,429 for 42 months. Oh, plus nearly $15K due at signing.
Obviously there are people around - more than you'd imagine, I suspect - who believe that driving a new, top-of-the-line 911 is 5x better - and thus worth 5x more - than driving a 17-year-old base-model coupe. I don't happen to be one of those people - so the true value of the 996 to me is that it affords me a "supercar" experience, albiet a two-decade-old one, at the cost of a jankey minivan (a base-model 2017 Honda Odyssey minivan costs exactly $10 less than I paid for my 996).
(and the guy leasing the Turbo S still doesn't own anything after shelling out $102,018...)
The monthly lease payment on a brand new Turbo S coupe is $2,429 for 42 months. Oh, plus nearly $15K due at signing.
Obviously there are people around - more than you'd imagine, I suspect - who believe that driving a new, top-of-the-line 911 is 5x better - and thus worth 5x more - than driving a 17-year-old base-model coupe. I don't happen to be one of those people - so the true value of the 996 to me is that it affords me a "supercar" experience, albiet a two-decade-old one, at the cost of a jankey minivan (a base-model 2017 Honda Odyssey minivan costs exactly $10 less than I paid for my 996).
(and the guy leasing the Turbo S still doesn't own anything after shelling out $102,018...)
10-04-2017, 03:17 PM
#64
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Some people have only had to change oil, many have had much more. You cannot take the running costs out of the equation for the 996 - that's where the real gamble is.
10-04-2017, 04:14 PM
#67
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And the running costs would be $50K per year if had the same ratio as my 996 maintenance/purchase price.
On one hand I think my running costs are high because this year included rear ties, clutch, flywheel, shocks, coolant tank. On the other hand, there's seems to be ton of stuff that can go wrong on these cars, so I'm not so sure the costs are going to let up.
On one hand I think my running costs are high because this year included rear ties, clutch, flywheel, shocks, coolant tank. On the other hand, there's seems to be ton of stuff that can go wrong on these cars, so I'm not so sure the costs are going to let up.
10-04-2017, 05:32 PM
#68
I'm at $500ish/mo on maintenance about 18 months in, but that includes a fairly aggressive PM schedule including IMS Solution, 1.5 sets of tires, brakes, AOS, coil packs, plugs, CPS, FPS etc. Add fun parts like sways & whatnot and I'm at $1k/month. I've cut back on driving mine from DD to mostly weekends due to the issues so far. I may end up swapping it out for an 84-93 C2 after I save a bit, but I'm not completely sure that would reduce costs.
The good news is that after the first 10,000 miles and winter cycle the car seems to be more reliable.
The good news is that after the first 10,000 miles and winter cycle the car seems to be more reliable.
10-04-2017, 08:10 PM
#69
Rennlist Member
10-05-2017, 05:43 PM
#72
front tires needed replacements due to cracking/age $500 for new P/S AS3
cracked AOS ~$350
small leak in oil cooler line ~$1,500 (engine out labor shared with IMSS)
IMSS - $1,800
rear brake pads needed replacing (idiot light came on) ~$100
coolant leak during winter heat cycling ~$200
cracked coil packs/plugs needed replacing due to the coolant leak & age ~$900
misfires when hot due to bad crank position sensor ~$200
slow start burned a starter motor, had to replace y-cable & starter ~$500
five oil changes ~$700
driver school maintenance ~$200
Since buying it, I've done a lot of canyon runs, several 1,000 mile weekends & generally have driven the Carrera more than my other car. It's the most enjoyable all around car I've ever driven
I do expect maintenance costs to even out with some troublefree years ahead, so my picture isn't exactly complete.
10-05-2017, 07:35 PM
#73
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