996 future values
Rennlist Member
Joined: Dec 2011
Posts: 4,423
Likes: 1,807
From: Gig Harbor, WA
Snarky Answer: If you're buying a 996 as an investment vehicle, I have a few Pontiac Aztecs I'd like to sell you.
Slightly more serious answer: It's a Porsche, which translates from German to roughly "beautiful bank account torturer". Even if the value stays the same 4 years down the road, you're not coming out ahead on one of these.
One step closer to a serious answer: Personally, I think the market is pretty much bottomed out on 996s at this point and I don't think the values will drop much more than where they are now. However, a car with 50k more miles on it is definitely going to be worth less than it was when you bought, but it's not going to be worth only its weight in metal if you take care of it.
Slightly more serious answer: It's a Porsche, which translates from German to roughly "beautiful bank account torturer". Even if the value stays the same 4 years down the road, you're not coming out ahead on one of these.
One step closer to a serious answer: Personally, I think the market is pretty much bottomed out on 996s at this point and I don't think the values will drop much more than where they are now. However, a car with 50k more miles on it is definitely going to be worth less than it was when you bought, but it's not going to be worth only its weight in metal if you take care of it.
Thread Starter
AutoX
Joined: Jan 2014
Posts: 12
Likes: 0
Thanks for the answers guys. I think the Captain had the right attitude.
I'm not buying for investment. If I wanted to do that, I would buy an early 80's. I am looking for something that has more or less bottomed out. I know there will be maintenance costs that are way more than most cars.
Truth is that I really want a sports car again. I had a G35 years ago and it was a blast. Then I wound up with a huge commute so I bought a Jetta TDI. Commute is back to normal, so I'm looking for something that can be a "reliable" daily driver. They guys I work with that have 996s say they are some of the most reliable cars around. One guy has 250k on a 99 or 2000, and I believe he has only followed the maintenance schedule.
Thanks guys, looking forward to joining in the fun.
Jason
I'm not buying for investment. If I wanted to do that, I would buy an early 80's. I am looking for something that has more or less bottomed out. I know there will be maintenance costs that are way more than most cars.
Truth is that I really want a sports car again. I had a G35 years ago and it was a blast. Then I wound up with a huge commute so I bought a Jetta TDI. Commute is back to normal, so I'm looking for something that can be a "reliable" daily driver. They guys I work with that have 996s say they are some of the most reliable cars around. One guy has 250k on a 99 or 2000, and I believe he has only followed the maintenance schedule.
Thanks guys, looking forward to joining in the fun.
Jason
Instructor
Joined: Oct 2013
Posts: 181
Likes: 3
Read through lots of the posts here and you will see that there is alot of scare mongering that has helped in destroying the value of 996's. My feeling is that in time, that will subside, (failures more prone in lower mileage, and lots of enthusiasts preemptively replacing IMS), thus if you have a well maintained example, it is to your benefit... Porsche has been an iconic automobile name for over 50 years, and the 911 being the pinnacle, so I don't think that is going away... even if the 996 is considered the "entry level" 911.
Also... if you lease a base Jetta TDI for $300/month, you will pay $14,500 over 4 years with nothing at the end to show for it... you can get a stripper 996 for almost that same price and even if the engine blows you can probably get $5k for it.
Also... if you lease a base Jetta TDI for $300/month, you will pay $14,500 over 4 years with nothing at the end to show for it... you can get a stripper 996 for almost that same price and even if the engine blows you can probably get $5k for it.
Captain Obvious
Super User
Super User
Joined: Aug 2003
Posts: 22,846
Likes: 348
From: Cambridge, Ontario, Canada
Considering that other 928 owners are circling this forum should tell you that the prices are now low enough that they will start buying them soom. When this happens the 996 community will become a real DIY cowd. Those that had them will move over to the newer model and the cycle begins.
Trending Topics
Three Wheelin'
Joined: Jul 2010
Posts: 1,809
Likes: 18
From: Miami, FL
Bought my 2004 40th AE from out of state in 2010 at a very fair price w/ 34k miles 3+ years later I am about to hit 70k miles and I could probably get same price locally or maybe even slightly more for it.
Not that I would but just saying
Not that I would but just saying
Rennlist Stories
The Best Porsche Posts for Porsche Enthusiasts
Porsche Reveals Coupe Variant of the Electric Cayenne With a Fresh Look
Verdad Gallardo
10 Porsche Colors That Have More Personality Than Most People
Verdad Gallardo
Guntherwerks' Final Speedster Creation Is the Ultimate Porsche Restomod
Verdad Gallardo
10 Reasons I Hate Going to the Porsche Dealership (& the 1 Reason I Stay)
Joe Kucinski
Porsche Shakes Up The Nürburgring Lap Record Table Once Again
Verdad Gallardo
6 Ways the Porsche 911 GT3 S/C Redefines Performance
Joe Kucinski
10 Wildest Homologation Specials Porsche Ever Sold
Verdad Gallardo
Super Rare RUF BTR III Comes Out of Hibernation, Looking For a New Home
Verdad Gallardo
10 Porsche Opinions That Can Start a Fight
Joe Kucinski
Race Director
Joined: Sep 2012
Posts: 10,424
Likes: 229
From: SOcialist republic of CALifornia
If you like it, it will be worth far more to you in 4 years than it will be to the used car market. I bought my 996 to keep long-term. If I knew I was likely to turn it over in a few years, I probably would have gone with something else. It's impossible to guess where 996 values will be in 4 months, let alone 4 years.
Nordschleife Master
Joined: Mar 2004
Posts: 8,573
Likes: 97
From: great white north
Considering that other 928 owners are circling this forum should tell you that the prices are now low enough that they will start buying them soom. When this happens the 996 community will become a real DIY cowd. Those that had them will move over to the newer model and the cycle begins.
Banned
Joined: Mar 2010
Posts: 7,697
Likes: 31
From: Chicago
Instructor
Joined: Dec 2004
Posts: 178
Likes: 2
From: Las Vegas