Darn. Someone let the cat out of the bag. Video on 996 prices increasing.
07-14-2019, 10:25 PM
#46
Rennlist Member
yeah they just ain't worth diddly squat and won't ever be worth nothing mass produced same front end of the car as boxster cheap quality squeaks and rattles galore ims bearing blowing up every 2 seconds not air cooled headlights LOL wishful thinking though best of the best might go up a little but wont never be worth nothing for collector value like old real porsches
07-14-2019, 10:30 PM
#47
yeah they just ain't worth diddly squat and won't ever be worth nothing mass produced same front end of the car as boxster cheap quality squeaks and rattles galore ims bearing blowing up every 2 seconds not air cooled headlights LOL wishful thinking though best of the best might go up a little but wont never be worth nothing for collector value like old real porsches
07-14-2019, 10:59 PM
#49
07-14-2019, 11:33 PM
#50
Drifting
yeah they just ain't worth diddly squat and won't ever be worth nothing mass produced same front end of the car as boxster cheap quality squeaks and rattles galore ims bearing blowing up every 2 seconds not air cooled headlights LOL wishful thinking though best of the best might go up a little but wont never be worth nothing for collector value like old real porsches
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808Bill (07-16-2019)
07-15-2019, 06:41 PM
#51
Race Director
So it's better to spend $10K on a roller and $40K to build it instead of spending $30K for a sorted 996 and banking the $20K?
Thrifty!
Thrifty!
That's the only way I think people should buy a 996!
The 996, to me, is a car that screams "do it right the first time or don't do it at all". Buy a nice roller and have it shipped to F6I for a rebuild. Sure, it costs more but you can at least enjoy it. Plus, you will recoup a lot of that back if it needs to be sold. I think it's actually cheaper to do it this way. Practically all of the major maintenance is done at once.
Look at how many people have been posting about blown engines. Quick way to lose $10k+!
The 996, to me, is a car that screams "do it right the first time or don't do it at all". Buy a nice roller and have it shipped to F6I for a rebuild. Sure, it costs more but you can at least enjoy it. Plus, you will recoup a lot of that back if it needs to be sold. I think it's actually cheaper to do it this way. Practically all of the major maintenance is done at once.
Look at how many people have been posting about blown engines. Quick way to lose $10k+!
07-15-2019, 11:43 PM
#52
Advanced
Here is a 02 996 cab that sold on BAT for $30,000 ,in comments there are a few people complaining their bid was not recognized .They say they were willing to up the bid by $3,000 or so.79k miles orig motor ,maybe the values are going up . https://bringatrailer.com/listing/20...11-carrera-30/
07-16-2019, 10:19 AM
#53
Rennlist Member
The points in this post make a lot of sense. I've seen it with each air-cooled 911 generation. I've owned at least one example of each. The process is this:
1) Progressively, the poorly-maintained/crap/junk cars get parted out, wrecked or otherwise lost, so the PROPORTION of nice cars in the total pool for that generation steadily increases.
2) Why? Because the enthusiasts maintain and preserve the nice ones.
3) Also, technical fixes for that generation's mechanical woes arise, making items like pulled head studs, blown air boxes, IMS etc etc etc moot.
4) And, add the rose-colored glasses/nostalgia that come with the passage of time.
5) Result: the pool is whittled down to mostly nice cars that people appreciate. The values go up.
I think some variation of this will happen (or is already happening a bit) with the 996. The fact that they drive so nicely and feel so analog but with modern amenities and (yes!) reliability once you take care of #3 above altogether means the world will slowly take notice.
Someone was saying they think 996s are still depreciating. I think that is only happening to the cars in step #1 above. It is their dying gasp.
1) Progressively, the poorly-maintained/crap/junk cars get parted out, wrecked or otherwise lost, so the PROPORTION of nice cars in the total pool for that generation steadily increases.
2) Why? Because the enthusiasts maintain and preserve the nice ones.
3) Also, technical fixes for that generation's mechanical woes arise, making items like pulled head studs, blown air boxes, IMS etc etc etc moot.
4) And, add the rose-colored glasses/nostalgia that come with the passage of time.
5) Result: the pool is whittled down to mostly nice cars that people appreciate. The values go up.
I think some variation of this will happen (or is already happening a bit) with the 996. The fact that they drive so nicely and feel so analog but with modern amenities and (yes!) reliability once you take care of #3 above altogether means the world will slowly take notice.
Someone was saying they think 996s are still depreciating. I think that is only happening to the cars in step #1 above. It is their dying gasp.
07-16-2019, 10:59 AM
#54
Rennlist Member
If my engine in my '00 996 blew, I'd probably buy a really nice, new-to-me 996 for around $20-25k. Or I'd find and install a donor stock engine (addressing IMS etc. during the install) for far less. But I do nearly all my own work, so maybe I have a different perspective than the "check-writing" 911 owner.
Regardless, there's no universe (for me) in which paying >>$20k for any kind of work on a non-turbo 996 makes any sense at all, unless I ended up with the equivalent of a 996 Turbo engine or some similar performance increase.
07-16-2019, 12:15 PM
#55
I wonder if you get even close to what one puts in when getting a 25k rebuild? I would love extra power and reliability but can't wrap the head around the cost benefit. These cars are money pits few dig themselves out of. I would think this just makes the hole that much deeper. If your planning on keeping forever it makes sense. Flipping in a 3-5 years, not so sure. Thoughts?
No doubt there is a cool factor when you say this works been done. Moves you up a notch in the 911 hierarchy for sure. Worth the cost? Depends on the driver. If it makes you happy, go for it. Pretty darn cool.
No doubt there is a cool factor when you say this works been done. Moves you up a notch in the 911 hierarchy for sure. Worth the cost? Depends on the driver. If it makes you happy, go for it. Pretty darn cool.
07-16-2019, 12:29 PM
#56
Drifting
I wonder if you get even close to what one puts in when getting a 25k rebuild? I would love extra power and reliability but can't wrap the head around the cost benefit. These cars are money pits few dig themselves out of. I would think this just makes the hole that much deeper. If your planning on keeping forever it makes sense. Flipping in a 3-5 years, not so sure. Thoughts?
No doubt there is a cool factor when you say this works been done. Moves you up a notch in the 911 hierarchy for sure. Worth the cost? Depends on the driver. If it makes you happy, go for it. Pretty darn cool.
No doubt there is a cool factor when you say this works been done. Moves you up a notch in the 911 hierarchy for sure. Worth the cost? Depends on the driver. If it makes you happy, go for it. Pretty darn cool.
These cars are not investments. Like any depreciating asset you can't expect to make money on one. Sometimes you have to pay if you want to play.
07-16-2019, 12:52 PM
#57
Racer
Thread Starter
One other thing I'd point out is a flaw I see in these comments:
"I'd never spend $X on an engine rebuild--I'd just buy another car for less than $X."
That would work, assuming everything else is equal, but if you are a steward of your cars, the longer you own your car, the more straightened out it will be and the harder it will be to replace. Plus, who's to say how long the engine will last.
"I'd never spend $X on an engine rebuild--I'd just buy a long block from Porsche"
Problem here is you are buying an engine with the same inherent implementation flaws in it the first engine had (IMSB, timing chains built by lowest bidder, etc.).
"I'd never spend $X on an engine rebuild--I'd just buy a engine out of another car".
Same as Porsche long block issues, but also you are gambling on the unknown of how the engine was treated for the life of ownership.
If those methodologies work for some of you, I'm not going to fault you. Those don't fit my strategy for ownership of my 996--I bought the exact speced car I wanted and I plan on keeping it forever.
07-16-2019, 01:23 PM
#59
Whoever said investments? I was only talking about getting soaked when selling. Just wondering how the resale impact will be effected. If I drop 25k and drive for 5 years, can I sell at a 15k premium over other 996's. I don't know the answer, I was looking for thoughts, that's it.
"Pay to play" how much performance are we talking here? Play what? Is y head going to get whipped back like a Turbo. Aren't we now talking 996TT $ now,.
I have no problem with people doing this, heck I might if I had the money. I applaud people that look long term and protect their cars. I'm the same way.
Here is where my question came from. I know it's not exactly apples to apples but I just sold my 00 Box S. LN Retrofit, new clutch (clutch felt fine, while your in there thing), hardtop, sport seats and lots of other stuff. I got soaked. I recognize that people saw my car for 15k and said "hey, I can buy this one for 10-12k". I didn't care because I thought I was going to keep forever. Well 5 years later I decided I wanted a change. Looking back, I think I would have been better off financially just driving it at the initial cost of $11k . I likely would have still gotten 10k for it and only dropped $1k over the 5 years not the amount I am embarrassed to say. Don't think it would have changed the fun factor that car delivered.
I am not judging, just asking.
"Pay to play" how much performance are we talking here? Play what? Is y head going to get whipped back like a Turbo. Aren't we now talking 996TT $ now,.
I have no problem with people doing this, heck I might if I had the money. I applaud people that look long term and protect their cars. I'm the same way.
Here is where my question came from. I know it's not exactly apples to apples but I just sold my 00 Box S. LN Retrofit, new clutch (clutch felt fine, while your in there thing), hardtop, sport seats and lots of other stuff. I got soaked. I recognize that people saw my car for 15k and said "hey, I can buy this one for 10-12k". I didn't care because I thought I was going to keep forever. Well 5 years later I decided I wanted a change. Looking back, I think I would have been better off financially just driving it at the initial cost of $11k . I likely would have still gotten 10k for it and only dropped $1k over the 5 years not the amount I am embarrassed to say. Don't think it would have changed the fun factor that car delivered.
I am not judging, just asking.
07-16-2019, 01:43 PM
#60
Race Director
You're not going to get a $15K premium. You might get a bump of some kind if the entire market was informed - but there vast majority of people just want a shiny thing; and even most "informed" consumers still know bupkus about the M96 issues.
If I'm going to pay $15K more than other folks pay for a 996, it's not gonna be for a n/a model. Prices are just too cheap right now to pay a significant premium for a less-desirable model when more collectible 996's are out there...
If I'm going to pay $15K more than other folks pay for a 996, it's not gonna be for a n/a model. Prices are just too cheap right now to pay a significant premium for a less-desirable model when more collectible 996's are out there...