996 vs 993 - will prices meet in the middle?
05-07-2015, 01:55 PM
#16
Three Wheelin'
993 was last air-cooled, low volume 911 and it will only continue to appreciate. 993 is one of the best looking 911 cars ever.
996 was a transitional model, made in much higher #s compared to the 993. 997 with higher mileage already can be had in high 20s and low 30s range; there was a gorgeous black/black 08 C2S with 100k miles for sale in Phoenix for $35k by dealer. As 997s get older and cheaper, 996s will become even cheaper.
In a few years 997s will be selling in low to mid 20s; that's current 996 territory.
996 was a transitional model, made in much higher #s compared to the 993. 997 with higher mileage already can be had in high 20s and low 30s range; there was a gorgeous black/black 08 C2S with 100k miles for sale in Phoenix for $35k by dealer. As 997s get older and cheaper, 996s will become even cheaper.
In a few years 997s will be selling in low to mid 20s; that's current 996 territory.
05-07-2015, 01:59 PM
#17
Priceless stuff. Besides isolating those poor folks who contract ebola, mostly in West Africa, and the fact that someone has a better than average chance of dying from it, once contracted, I guess you can say we've learned to live with it. Very analogous to an IMS bearing failure in 996.
05-07-2015, 04:10 PM
#18
Three Wheelin'
But these are in higher numbers and less quirky than the older ones.
I think for a while they will be an affordable way to get a really fun and good looking car that a person can daily drive into the ground and not have to worry about future value as much or at least worry about it at the moment.
05-07-2015, 05:00 PM
#19
Rennlist Member
Thread Starter
993 was last air-cooled, low volume 911 and it will only continue to appreciate. 993 is one of the best looking 911 cars ever.
996 was a transitional model, made in much higher #s compared to the 993. 997 with higher mileage already can be had in high 20s and low 30s range; there was a gorgeous black/black 08 C2S with 100k miles for sale in Phoenix for $35k by dealer. As 997s get older and cheaper, 996s will become even cheaper.
In a few years 997s will be selling in low to mid 20s; that's current 996 territory.
996 was a transitional model, made in much higher #s compared to the 993. 997 with higher mileage already can be had in high 20s and low 30s range; there was a gorgeous black/black 08 C2S with 100k miles for sale in Phoenix for $35k by dealer. As 997s get older and cheaper, 996s will become even cheaper.
In a few years 997s will be selling in low to mid 20s; that's current 996 territory.
While original production numbers speak to relative rarity and supply, market demand also effects prices. When a car like the 993 gets into the toppy price zone people start looking at 964...and then 996s.
The only thing that will prove anyone right or wrong is time. $29900 for some salvage titles would be appropriate...theft..minor accidents at the time when wholesale 993 prices were down in the low 20s. Again what people ask and what they get is two different issues. The accident free 993 that could get offers over $26k tell me that the market is getting soft.
05-07-2015, 06:00 PM
#20
The "accident free 993 that could[n't] get offers over $26k" was a salvage title and a tiptronic, per the comments above. Both of those facts affect the price. Can you post a link to that listing, please?
05-07-2015, 06:23 PM
#21
Rennlist Member
I think tips and manuals should be valued differently. They are not comparable cars. I don't think your analysis of the 993 market is accurate. Tip vs manual, salvage title vs clean (as noted by Quad above), are all material differences in valuation.
If you think clean titled 993s are overpriced, why don't you just buy a decent salvage titled car? If it's repaired properly and drives like it should, then you'll get what you want. After all, you're not looking for the valuation increase on the car, you just want that driving experience at a price you're comfortable paying.
If you think clean titled 993s are overpriced, why don't you just buy a decent salvage titled car? If it's repaired properly and drives like it should, then you'll get what you want. After all, you're not looking for the valuation increase on the car, you just want that driving experience at a price you're comfortable paying.
Priceless stuff. Besides isolating those poor folks who contract ebola, mostly in West Africa, and the fact that someone has a better than average chance of dying from it, once contracted, I guess you can say we've learned to live with it. Very analogous to an IMS bearing failure in 996.
Well, Johnny, looks like you woke the 993 crowd up. Looks like you might have hurt someone's feelings. Now, apologize to Quadcammer for insulting the Type 993 or else he'll be in here all the time. And we certainly don't want that now, do we?
05-07-2015, 06:41 PM
#22
Race Director
05-08-2015, 01:26 PM
#25
Rennlist Member
Thread Starter
Yes the 993 owners seem to take this personally...I don't know why. We are simply talking about what we experience in the market. I always start my pricing of a car at what a dealer would pay if I was trading it in. Then I decide how much profit I'm willing to give him based on how much I like the car. When I've bought fine art it wasn't an investment it was because I found it something I really liked and wanted to hang in my home but I also set price limits. Same with vintage watches. If you are a dealer you have to make a profit. If you are an enthusiast you're just happy to break even.
The car I mentioned that sold for $29900, I didn't see that the was salvage...I'll go back and look. The tip that I was originally interested in (until I drove a tip) and that could not get an offer over $26k was not salvage, it was a very very nice looking car. I've even had second thoughts and am trying to contact the owner.
As of right now, a 95 guards red/blk w/ 82k miles opened at $300, closed at $40,200 and didn't make its reserve.
A 97 tip blk/blk w/ 65k was asking $42950...no offers.
A 97 targa w/ tip blk/blk opened at $10k closed at $28100 reserve not met. Relisted as Buy It Now for $48997 or make offer. I wish the seller lots of luck.
I looked at a 95 white w/ blue interior...asking $32k...really didn't like the color combo and it just looked too tired to get interested in.
I honestly do not need a second Porsche. At a certain price I'd have to sell the 996 to buy the 993. But as I see the market getting wobbly I start to get greedy and think that if I fine the exact right one at the exact right price I can have them both. And if I can do it on my senior citizens budget then others might be able to do it as well.
And for all the RL rich folks who think that $55k for a 95 C2 is a fair price...that's their choice and I won't **** on their shoes because I disagree.
I can post links and will in the future. And anyone who wants to can go to ebay and look up whatever sold or auctions that ended without a sale.
The car I mentioned that sold for $29900, I didn't see that the was salvage...I'll go back and look. The tip that I was originally interested in (until I drove a tip) and that could not get an offer over $26k was not salvage, it was a very very nice looking car. I've even had second thoughts and am trying to contact the owner.
As of right now, a 95 guards red/blk w/ 82k miles opened at $300, closed at $40,200 and didn't make its reserve.
A 97 tip blk/blk w/ 65k was asking $42950...no offers.
A 97 targa w/ tip blk/blk opened at $10k closed at $28100 reserve not met. Relisted as Buy It Now for $48997 or make offer. I wish the seller lots of luck.
I looked at a 95 white w/ blue interior...asking $32k...really didn't like the color combo and it just looked too tired to get interested in.
I honestly do not need a second Porsche. At a certain price I'd have to sell the 996 to buy the 993. But as I see the market getting wobbly I start to get greedy and think that if I fine the exact right one at the exact right price I can have them both. And if I can do it on my senior citizens budget then others might be able to do it as well.
And for all the RL rich folks who think that $55k for a 95 C2 is a fair price...that's their choice and I won't **** on their shoes because I disagree.
I can post links and will in the future. And anyone who wants to can go to ebay and look up whatever sold or auctions that ended without a sale.
05-08-2015, 02:31 PM
#26
Yes the 993 owners seem to take this personally...I don't know why. We are simply talking about what we experience in the market. I always start my pricing of a car at what a dealer would pay if I was trading it in. Then I decide how much profit I'm willing to give him based on how much I like the car. When I've bought fine art it wasn't an investment it was because I found it something I really liked and wanted to hang in my home but I also set price limits. Same with vintage watches. If you are a dealer you have to make a profit. If you are an enthusiast you're just happy to break even.
The car I mentioned that sold for $29900, I didn't see that the was salvage...I'll go back and look. The tip that I was originally interested in (until I drove a tip) and that could not get an offer over $26k was not salvage, it was a very very nice looking car. I've even had second thoughts and am trying to contact the owner.
As of right now, a 95 guards red/blk w/ 82k miles opened at $300, closed at $40,200 and didn't make its reserve.
A 97 tip blk/blk w/ 65k was asking $42950...no offers.
A 97 targa w/ tip blk/blk opened at $10k closed at $28100 reserve not met. Relisted as Buy It Now for $48997 or make offer. I wish the seller lots of luck.
I looked at a 95 white w/ blue interior...asking $32k...really didn't like the color combo and it just looked too tired to get interested in.
I honestly do not need a second Porsche. At a certain price I'd have to sell the 996 to buy the 993. But as I see the market getting wobbly I start to get greedy and think that if I fine the exact right one at the exact right price I can have them both. And if I can do it on my senior citizens budget then others might be able to do it as well.
And for all the RL rich folks who think that $55k for a 95 C2 is a fair price...that's their choice and I won't **** on their shoes because I disagree.
I can post links and will in the future. And anyone who wants to can go to ebay and look up whatever sold or auctions that ended without a sale.
The car I mentioned that sold for $29900, I didn't see that the was salvage...I'll go back and look. The tip that I was originally interested in (until I drove a tip) and that could not get an offer over $26k was not salvage, it was a very very nice looking car. I've even had second thoughts and am trying to contact the owner.
As of right now, a 95 guards red/blk w/ 82k miles opened at $300, closed at $40,200 and didn't make its reserve.
A 97 tip blk/blk w/ 65k was asking $42950...no offers.
A 97 targa w/ tip blk/blk opened at $10k closed at $28100 reserve not met. Relisted as Buy It Now for $48997 or make offer. I wish the seller lots of luck.
I looked at a 95 white w/ blue interior...asking $32k...really didn't like the color combo and it just looked too tired to get interested in.
I honestly do not need a second Porsche. At a certain price I'd have to sell the 996 to buy the 993. But as I see the market getting wobbly I start to get greedy and think that if I fine the exact right one at the exact right price I can have them both. And if I can do it on my senior citizens budget then others might be able to do it as well.
And for all the RL rich folks who think that $55k for a 95 C2 is a fair price...that's their choice and I won't **** on their shoes because I disagree.
I can post links and will in the future. And anyone who wants to can go to ebay and look up whatever sold or auctions that ended without a sale.
05-08-2015, 04:27 PM
#27
Rennlist Member
Thread Starter
No one takes what you say personally. We just all know you won't be buying a Porsche 993. In my case, I just love reading the funny $hit you write, like comparing living with the Ebola virus to living with the 996 IMS bearing failure. Please write some more funny stuff, it's very entertaining to me.
05-08-2015, 06:06 PM
#28
http://www.cnbc.com/id/15839243
But who really knows why insiders sell positions. Maybe some are selling company stock to diversify, maybe go on a trip this summer or even purchase their favorite Porsche.
