Prices Keep Drifting Up
06-19-2021, 02:48 PM
#1277
Man I was thinking this was more of a BaT anomaly but it’s starting to bleed over to regular sales outside of auction sites. Long story short, my neighbors brother in law offered me $36.5k. He’s been looking at 996.2/997.1 for a couple years now and he was telling me feels like he missed the boat.
You'll always miss the boat if you never get on board...
If 996's are $60k in 2 years, getting in at $40k would be a steal. If 996's are $20k in 2 years, you'll have lost half of your value in 24 months...but you'll still have a 996 to drive. I'm thrilled I decided to get on board. Looking forward to the Pcar experience. Hoping the car is good to me, and doesn't drain my wallet with repairs, but its kinda one of those, "expect the worst, hope for the best" mindsets.
Last edited by JP_Gervs; 06-19-2021 at 02:50 PM. Reason: Edit: and by "You", I mean your neighbor's brother-in-law
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NYoutftr (06-19-2021)
06-19-2021, 03:49 PM
#1279
Rennlist Member
Thread Starter
06-19-2021, 04:16 PM
#1280
Rennlist Member
Originally Posted by bdronsick;[url=tel:17502158
17502158[/url]]If?? MY99 are $55K now. 4S are $65K now. 6TT are $75K now. GT are $150K now.
In two years add a zero.
In two years add a zero.
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joseph mitro (06-20-2021)
06-19-2021, 04:58 PM
#1284
Rennlist Member
I love love to say this, but I think the 996 market will heat up and intensify in a year or two. Collectible 911’s have traditionally defied all objective predictions holding prices down. The reason is passion and desire.
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Porschetech3 (06-19-2021)
06-19-2021, 05:32 PM
#1285
Rennlist Member
Thread Starter
A silver lining to the rapid price increase across 996 models is the cost of an invasive PPI is no longer a significant % of a buyer's potential outlay. It might even incentivize sellers to provide a 3rd party PPI upfront and recoup the cost through a better final price. Hopefully less people will buy blind and then show up on RL asking about a ticking sound.
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Tom Loder (06-20-2021),
user 8298308 (06-19-2021)
06-19-2021, 05:37 PM
#1286
Rennlist Member
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user 8298308 (06-19-2021)
06-19-2021, 05:50 PM
#1287
Rennlist Member
Originally Posted by bdronsick;[url=tel:17502264
17502264]I love love to say this, but I think the 996 market will heat up and intensify in a year or two. Collectible 911’s have traditionally defied all objective predictions holding prices down. The reason is passion and desire.
1.) The 997 and 991 will be coming down in price as time goes on, so people are going to start comparing 996s to those cars. It will be the same old arguments as before: The SC 3.0 vs 3.2 Carrera vs 964 and ‘which one should I buy?’ will have the same answer as it has always had, ‘buy the newest 911 you can afford.’
2.) People who bought the 996 2-6 years ago did so mostly because they were cheap. Not because it was such a supreme handling car, or unique headlights, or cable throttle, despite owners claiming that’s the reason. No, we bought them despite the headlights and negativity about the interior, because driving a 911 in that price point was almost too good to be true. And for most, it was and still is. For some (major repairs), not so much.
Once the 996 gets to be priced like any other used 911, then any other used 911 becomes the target of ‘passion and desire.’
The argument that the 996 feels vintage compared to ‘sterilized’ newer, modern cars, is the same old argument from the early 911s, up through the 964s, including the 996 - especially the 996 - when it came out.
But make no mistake about it - the Porsche 911 is an amazing machine. The newer the 911, the more incredible and amazing it is. These cars end up being the fastest, more fun and extreme cars on the planet in the most extreme variants.
I wouldn’t sell my 911 for any other car, but I would sell it for a better 911. Better ones could be newer or older, but once the used 911 costs $50k instead of $20k, the air-cooled market opens up, as well as the 997, and not long from now, the 991.
Last edited by Mike Murphy; 06-19-2021 at 05:52 PM.
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06-19-2021, 06:01 PM
#1288
Rennlist Member
There are 2 future problems for ever increasing 996 prices:
1.) The 997 and 991 will be coming down in price as time goes on, so people are going to start comparing 996s to those cars. It will be the same old arguments as before: The SC 3.0 vs 3.2 Carrera vs 964 and ‘which one should I buy?’ will have the same answer as it has always had, ‘buy the newest 911 you can afford.’
2.) People who bought the 996 2-6 years ago did so mostly because they were cheap. Not because it was such a supreme handling car, or unique headlights, or cable throttle, despite owners claiming that’s the reason. No, we bought them despite the headlights and negativity about the interior, because driving a 911 in that price point was almost too good to be true. And for most, it was and still is. For some (major repairs), not so much.
Once the 996 gets to be priced like any other used 911, then any other used 911 becomes the target of ‘passion and desire.’
The argument that the 996 feels vintage compared to ‘sterilized’ newer, modern cars, is the same old argument from the early 911s, up through the 964s, including the 996 - especially the 996 - when it came out.
But make no mistake about it - the Porsche 911 is an amazing machine. The newer the 911, the more incredible and amazing it is. These cars end up being the fastest, more fun and extreme cars on the planet in the most extreme variants.
I wouldn’t sell my 911 for any other car, but I would sell it for a better 911. Better ones could be newer or older, but once the used 911 costs $50k instead of $20k, the air-cooled market opens up, as well as the 997, and not long from now, the 991.
1.) The 997 and 991 will be coming down in price as time goes on, so people are going to start comparing 996s to those cars. It will be the same old arguments as before: The SC 3.0 vs 3.2 Carrera vs 964 and ‘which one should I buy?’ will have the same answer as it has always had, ‘buy the newest 911 you can afford.’
2.) People who bought the 996 2-6 years ago did so mostly because they were cheap. Not because it was such a supreme handling car, or unique headlights, or cable throttle, despite owners claiming that’s the reason. No, we bought them despite the headlights and negativity about the interior, because driving a 911 in that price point was almost too good to be true. And for most, it was and still is. For some (major repairs), not so much.
Once the 996 gets to be priced like any other used 911, then any other used 911 becomes the target of ‘passion and desire.’
The argument that the 996 feels vintage compared to ‘sterilized’ newer, modern cars, is the same old argument from the early 911s, up through the 964s, including the 996 - especially the 996 - when it came out.
But make no mistake about it - the Porsche 911 is an amazing machine. The newer the 911, the more incredible and amazing it is. These cars end up being the fastest, more fun and extreme cars on the planet in the most extreme variants.
I wouldn’t sell my 911 for any other car, but I would sell it for a better 911. Better ones could be newer or older, but once the used 911 costs $50k instead of $20k, the air-cooled market opens up, as well as the 997, and not long from now, the 991.
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Mike Murphy (06-19-2021)
06-19-2021, 06:55 PM
#1289
There are 2 future problems for ever increasing 996 prices:
1.) The 997 and 991 will be coming down in price as time goes on, so people are going to start comparing 996s to those cars. It will be the same old arguments as before: The SC 3.0 vs 3.2 Carrera vs 964 and ‘which one should I buy?’ will have the same answer as it has always had, ‘buy the newest 911 you can afford.’
2.) People who bought the 996 2-6 years ago did so mostly because they were cheap. Not because it was such a supreme handling car, or unique headlights, or cable throttle, despite owners claiming that’s the reason. No, we bought them despite the headlights and negativity about the interior, because driving a 911 in that price point was almost too good to be true. And for most, it was and still is. For some (major repairs), not so much.
Once the 996 gets to be priced like any other used 911, then any other used 911 becomes the target of ‘passion and desire.’
The argument that the 996 feels vintage compared to ‘sterilized’ newer, modern cars, is the same old argument from the early 911s, up through the 964s, including the 996 - especially the 996 - when it came out.
But make no mistake about it - the Porsche 911 is an amazing machine. The newer the 911, the more incredible and amazing it is. These cars end up being the fastest, more fun and extreme cars on the planet in the most extreme variants.
I wouldn’t sell my 911 for any other car, but I would sell it for a better 911. Better ones could be newer or older, but once the used 911 costs $50k instead of $20k, the air-cooled market opens up, as well as the 997, and not long from now, the 991.
1.) The 997 and 991 will be coming down in price as time goes on, so people are going to start comparing 996s to those cars. It will be the same old arguments as before: The SC 3.0 vs 3.2 Carrera vs 964 and ‘which one should I buy?’ will have the same answer as it has always had, ‘buy the newest 911 you can afford.’
2.) People who bought the 996 2-6 years ago did so mostly because they were cheap. Not because it was such a supreme handling car, or unique headlights, or cable throttle, despite owners claiming that’s the reason. No, we bought them despite the headlights and negativity about the interior, because driving a 911 in that price point was almost too good to be true. And for most, it was and still is. For some (major repairs), not so much.
Once the 996 gets to be priced like any other used 911, then any other used 911 becomes the target of ‘passion and desire.’
The argument that the 996 feels vintage compared to ‘sterilized’ newer, modern cars, is the same old argument from the early 911s, up through the 964s, including the 996 - especially the 996 - when it came out.
But make no mistake about it - the Porsche 911 is an amazing machine. The newer the 911, the more incredible and amazing it is. These cars end up being the fastest, more fun and extreme cars on the planet in the most extreme variants.
I wouldn’t sell my 911 for any other car, but I would sell it for a better 911. Better ones could be newer or older, but once the used 911 costs $50k instead of $20k, the air-cooled market opens up, as well as the 997, and not long from now, the 991.
06-19-2021, 07:03 PM
#1290
Honestly it's all chump change with the money being made in the stock markets the last couple of years. Most of these buyers have accounts that can fluctuate $10-50k a day. So truth be told, if you're paying 50k for a car that 2 yrs ago was 35, who cares?
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bdronsick (06-21-2021)