View Poll Results: What is a 2000 996 ME with 8,000 miles worth?
Under $26,000
25
47.17%
$27,000
7
13.21%
$28,000
4
7.55%
$29,000
2
3.77%
$30,000
8
15.09%
$31,000
0
0%
$32,000
2
3.77%
Over $32,000
5
9.43%
Voters: 53. You may not vote on this poll
Millennium 996 values
Drifting
Joined: Jan 2012
Posts: 2,056
Likes: 8
From: Cambridge, ON
Most of those cars have upwards of 60K miles on them and, as you pointed out, they're priced in the upper $40K range. That doesn't qualify as low mileage or "$40K". And, I still question the condition of any low mileage TT priced in $40s unless the buyer is just trying to dump their car.
-Eric
-Eric
Racer
Joined: Jul 2009
Posts: 324
Likes: 0
From: Rhode Island
I have been keeping my 40th in stock condition and did stuff like the IMS, keep it clean and garaged, and put at least 6000 miles on it a year to keep the greasy parts lubed and the seals healthy in hopes that if someday I do have to sell it I can get what I paid for it, and call all those years "free driving" with no depreciation.
Dang, I should have got a 993 for that!
Anyways - when I was initially shopping a couple years ago I had my heart on an air cooled model, and initially was looking at "less expensive" options like the 911SC, or one like I test drove - a 1987 911 with the G50 transmission - in classic Guards Red with the whale tale and black leather. The car was so hot looking, but drove like crap. I should have test drove more air cooled cars, as this 87 had close to 200,000 miles on it without ANY service records and they wanted $15,995 for it. I wasn't going to buy it so I low balled him at 13K and he said no (I am glad in retrospect) and then he called the next day to say yes, but I knew that car was only a cosmetic queen, and a disaster once a PPI would be done (based on how it felt like it had 130HP and was difficult to shift even with the G50). Long story short I ended up following the old adage "Get the newest Porsche you can afford" and it has worked out pretty well.
Sorry to go off topic so much..
Racer
Joined: Jul 2009
Posts: 324
Likes: 0
From: Rhode Island
Thread Starter
Racer
Joined: Jun 2007
Posts: 349
Likes: 1
From: Grand Rapids
The car I'm looking at is a 2000 Millennium Edition, not a 2004 40th Anniversary Edition. I agree with others comments that the value of the special edition only exists if it comes with extra power. The ME has AWD but no extra hp. The 40th is 2WD but has the X-51 power kit and has a 3.6 ltr out of the box (not a 3.4 like the ME). History proves that Porsches with more power have stronger resale values. A 73 911T with S-options and sport seats won't command anywhere close to a 73 911 S with no options. Only 408 911 SC Weissach's were made but they didn't get any extra power. Today they command very little premium over any other SC. Any year where a Turbo S was offered the price is substantially more than a base turbo because of more power (take a 94 Turbo 3.6 and compare it to a 93 Turbo 3.3). About the only Porsche that deviated from this logic was the 93/94 RS America where no additional hp power was offered, but the car was a factory lightweight.
Personally, I like the Millennium Edition. The interior is nothing short of stunning. I took the average price of the poll and made him a cash offer of $27,000 last Friday. I haven't heard back but he did lower his price to $39,000 over the weekend. Getting closer.
Personally, I like the Millennium Edition. The interior is nothing short of stunning. I took the average price of the poll and made him a cash offer of $27,000 last Friday. I haven't heard back but he did lower his price to $39,000 over the weekend. Getting closer.
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Drifting
Joined: Jan 2012
Posts: 2,056
Likes: 8
From: Cambridge, ON
Good for you for giving it a shot. You have nothing to loose, and the interior and paint is fabulous... Somehow I think this guy is a collector, and may have a barn full of nice cars. Just be careful about the ultra low miles.
Racer
Joined: Mar 2012
Posts: 471
Likes: 203
From: Pittsburgh Dad
I almost bought a millenium. Looked at 2 in the high 20's. 40k miles, and 70k miles. After gettting into this price range, and the IMS issues, I opted to go up into the 40's and get a TT. Something to think about, but at $30k's you may as well consider spending a little more IMO.
