Im just curious... what are the values of the 966 right now? Im in the market for a 966/977 at the moment, are values trending up still? This a good time to get into one?

Not looking for a daily driver, just something that Ill drive on the weekends during the 3 seasons. Personally looking for a Cab 4S with 50-70k on it in great condition and history.

Appreciate any feedback.

 

"Right now" is always the best time to buy a 996.

 

Look at what's sold on C&B/BaT and subtract 10-15% for private party sales. Too much variation by spec and location to give you a "good" answer. Go test drive one and buy it.

 

Do you guys feel prices will continue to rise with these cars?

Here's an example for you, I bought my e46 M3 3 years ago for 16k. Just sold it recently for 24k, prices with those were on the move and took advantage of it.

 

Maybe they will or maybe they wont. The last thing I would do is buy a 996 as an investment. When people do that they tend to not drive the car because "value" and that's one of the worst things you can do. Find the car you like, get a PPI and enjoy the driving experience.

 

Well, the past 3 years aren't the best for projecting future precedent, we do know they aren't making any more 996s and the 986/996 are starting to be more viewed through the slow car fast appeal, so its hard to picture demand/price trending significantly down outside something extreme like gas going to $20/gallon.

 

I can guarantee that prices are going to go up...or down.
It might be by a lot or by a little, but they will not stay the same.
Same goes for the price of oil and the stock market in general.
Guaranteed to change...one way or the other.

 

If you want to buy a car as an investment get your name on the new GT3 list. Buying a 20+ year old car as an investment, of which 10's of 1000's were made, and which also happen to be the lowest priced 911s available, will never be a smart move. If you still want to give it a go, study the cars and the specs that sell well and find one of those. Good luck and let us know what you get!

 

Values for the 996 have been bottomed out now for a good 6-7 years now.

Sure, values did go up quite a bit during and after Covid, but due to inflation and other costs going up (food, software, many many things), I’m not sure the 996 went up that much more than many other items…

I do not see 996 values dropping. If they do, other values will be dropping due to larger economic factors.

So yes, find a good 996 and realize you won’t be losing money due to depreciation. You will potentially have other costs, though, especially if the engine has bore scoring or you get unlucky and something big breaks, but otherwise, it’s still good value compared to a similar $50-$60k car that’s a lot newer.

 

Works for Rolex and any 911 as well.

 

Note that this is the "right" time of the year to buy a sports car in the Northern Hemisphere with winter approaching. Prices probably have a little more wiggle room this time of year.

 

996's have definitely retreated from Covid highs, just like many other "alternative assets". No one is paying 9%+ for a weekend toys these days. Buyers are still out there, but they are cash buyers, thus demand is down. As far as a 50-70K mile 996 C4S cab is concerned....to become valuable/collectable the car has to be limited production, limited colorway, or very low mileage. The car you are seeking is none of these. Buy what you want/like. Treat it well, maintain in, and the day you sell you hope to break even. Thinking any more that that is a fools game. You should be able to find what you are looking for, for under $40K fairly easily. Good Luck.

 

Hmmmm I wouldn’t necessarily say “definitely” because it hasn’t. A Clean 996.x prior to Covid could be had in the low 20’s and you could find nice .1s in the high teens. As you pointed out, specific spec cars were a tad more, I paid $29k a 2003 Slate w/Aero(not an aero car but OEM aero added) on Dec 11, 2020. They’re still a bargain compared to the roundies and 997’s though.

 

I said "retreated"; the act of moving back. Prices have pulled from covid highs, 100% fact. Go ask anyone who bought a car in 2022 and is trying to sell it today. Theyre underwater. Especially if you bought it from any uber super high retail seller. If you are waiting for pricing to return to precovid pricing, its never going to happen as your dollar is worth significantly less today than it was in 2020.

 

This
$20,000 in 2020 is almost $24,000 adjusted for inflation today.
996 prices have outperformed inflation, barely