Will 996 cars prices get back to 18 months ago ?
#1
Will 996 cars prices get back to 18 months ago ?
Will the 996 prices drop a little ? Or a lot ? Or none ? 18 months ago a manual coupe was 18 to 21 k with about 90 to 100 k miles. Now those cars are 30 k .
Will this price swell ever even out ?
Will this price swell ever even out ?
#2
Rennlist Member
I don't think so, looks like they hit their bottom 2-3 years ago and are only going up from what I see. Heck, a 914 can't be had, in good shape, for less than $15k. I don't mind, but I'm not selling my dream car as a child anytime soon!!!!!
#3
A super bare cayman is about 60 k new.. when i see 2009 caymans for it42 k.. with 80 k miles i just think for 18 k i get a new car with warranty and zero issues.. so if i drive a new one ten years for 2 grand a year it seems a better deal.
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Optionman1 (02-24-2022)
#6
Rennlist Member
All car prices, new and used, are pumped right now. I would expect a relaxing of prices at some point, but not likely to drop to pre-pandemic levels. Used car prices always vacillate to some degree, but this is not a normal condition.
The trigger for all of this is the microchip shortage. Looking at some of the components that we use in our business there is still 52-week lead times!
The housing market is going through a similar bubble and that is expected to continue through 2022.
However, with a major conflict going on in Europe the stability of just about everything is on shaky ground.
Are you looking to buy?
The trigger for all of this is the microchip shortage. Looking at some of the components that we use in our business there is still 52-week lead times!
The housing market is going through a similar bubble and that is expected to continue through 2022.
However, with a major conflict going on in Europe the stability of just about everything is on shaky ground.
Are you looking to buy?
Last edited by Marv; 02-24-2022 at 08:22 AM.
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Elumere (02-24-2022)
#7
Burning Brakes
Agreed. Rather than spend $100k on a needy old 993, I bought a new Cayman GTS 4.0. Far better car.
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dporto (02-24-2022)
Trending Topics
#8
While we are all glad to see our cars appreciate… I bought mine for $16k… c’mon man no need to rub it in that others can’t get the deal you got.
#9
Instructor
I would expect a slump in prices at some point, but no, not back to where they were, but maybe a 15-20% drop as the used car pressures let up.
Given what is going on in Europe right now, all bets are off until we get back to 'normal'
If you want the car to enjoy, and you can pay the current prices, then consider how long you will want to enjoy the car, and if that answer is longer than a short-term toy... Then just pick one and buy the damn thing. You won't be thinking about how much you paid for it when you are blasting through the twisties.
Given what is going on in Europe right now, all bets are off until we get back to 'normal'
If you want the car to enjoy, and you can pay the current prices, then consider how long you will want to enjoy the car, and if that answer is longer than a short-term toy... Then just pick one and buy the damn thing. You won't be thinking about how much you paid for it when you are blasting through the twisties.
#10
Three Wheelin'
I think most things, not just cars, will drop in price. Maybe not to pre covid prices but if scarcity becomes less of an issue then there isn't a reason for pricing to be so high. When it comes to enthusiast cars I think there will be some that drop in price but don't think we will see pre covid pricing, at least for a while or until people realize cars generally aren't good investment vehicles, especially when you are buying at an all-time high.
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Elumere (02-24-2022)
#11
Three Wheelin'
Prices certainly won't go backwards. This spring / summer will be telling on whether we've reached another plateau, which I believe is a more realistic assumption.
#12
Rennlist Member
I would expect a slump in prices at some point, but no, not back to where they were, but maybe a 15-20% drop as the used car pressures let up.
Given what is going on in Europe right now, all bets are off until we get back to 'normal'
If you want the car to enjoy, and you can pay the current prices, then consider how long you will want to enjoy the car, and if that answer is longer than a short-term toy... Then just pick one and buy the damn thing. You won't be thinking about how much you paid for it when you are blasting through the twisties.
Given what is going on in Europe right now, all bets are off until we get back to 'normal'
If you want the car to enjoy, and you can pay the current prices, then consider how long you will want to enjoy the car, and if that answer is longer than a short-term toy... Then just pick one and buy the damn thing. You won't be thinking about how much you paid for it when you are blasting through the twisties.
#13
Rennlist Member
OP, to your question...
It doesn't matter if you are a long-term owner. The 996 will only become more desirable over time.
Solutions to issues that are inherent to the 996 are plentiful, with more on the way. It's non-nanny, non-techno design makes it easy to repair with quantifiable costs, versus the 991 and 992 of which we still have no idea what the issues will be nor what they will cost to repair.
Good luck if you are short-term speculator trying to flip cars for a profit. Or if you are looking for an entry point. None of us have a clue as to where prices will go over the next 18 months.
It doesn't matter if you are a long-term owner. The 996 will only become more desirable over time.
Solutions to issues that are inherent to the 996 are plentiful, with more on the way. It's non-nanny, non-techno design makes it easy to repair with quantifiable costs, versus the 991 and 992 of which we still have no idea what the issues will be nor what they will cost to repair.
Good luck if you are short-term speculator trying to flip cars for a profit. Or if you are looking for an entry point. None of us have a clue as to where prices will go over the next 18 months.
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Type65 (02-24-2022)
#14
Compared to the rest of the used car market I think the price correction on all used 911s will be relatively small. It's no Dodge Grand Caravan, after all.
Best time to buy is now.
Best time to buy is now.
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Type65 (02-24-2022)
#15
Rennlist Member
I paid $27k for my car that was in good running order in may 2021
and have since put into it close to $10k between maintenance items and returning it back to mostly original aero form I don’t think I will get back my money if it appreciates but really it’s not my motivation
if my 100k mileage engine holds out I hope to drive the beejeezuz out of it and then try to save up for an RND 3.8
untill then I will be smiling like the joker 🃏 “why so serious “
and have since put into it close to $10k between maintenance items and returning it back to mostly original aero form I don’t think I will get back my money if it appreciates but really it’s not my motivation
if my 100k mileage engine holds out I hope to drive the beejeezuz out of it and then try to save up for an RND 3.8
untill then I will be smiling like the joker 🃏 “why so serious “
Last edited by EVOMMM; 02-24-2022 at 12:21 PM.
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