996 prices are on the rise. - Page 4 - Rennlist - Porsche Discussion Forums



996 Forum
Sponsored by:
Sponsored by:

996 prices are on the rise.

Reply
 
Thread Tools Search this Thread
Old 03-16-2017, 12:03 AM   #46
Vancouver996
Addict
Rennlist Member
 
Vancouver996's Avatar
 
Join Date: Feb 2015
Location: Vancouver BC
Posts: 434
Default

Since prices aren't going up in the USA according to most of you but they are elsewhere the us might be a good place for export porsches in the next few year , not quite like the 80's was , when I could buy 911 Sc and make 30-40 percent after landing , but low mile gen 2 c2 manuals and c4S might be worth while
Vancouver996 is offline   Reply With Quote
Old 03-16-2017, 02:15 AM   #47
808Bill
User
 
Join Date: Dec 2016
Posts: 891
Default

808Bill is offline   Reply With Quote
Old 03-16-2017, 02:46 AM   #48
TonyTwoBags
User
 
TonyTwoBags's Avatar
 
Join Date: Apr 2016
Location: Intermountain West
Posts: 1,268
Default

on the market for 314 days, eeek. As a former realtor I can tell that the seller feels his 911 is "special".
TonyTwoBags is offline   Reply With Quote
Old 03-16-2017, 03:07 AM   #49
johnireland
Addict
Rennlist Member
 
johnireland's Avatar
 
Join Date: Sep 2014
Location: Sherman Oaks, CA
Posts: 1,726
Default

Those are crack pipe asking prices and paying that would be only for suckers. The entire auto industry is floating on a finance bubble. New car dealers are offering 60 and 72 month loans at 0% interest in an effort to keep the stock moving. Leasing has replaced purchasing with the returns after 2 or 3 years being shuffled off to the auction lots.

The 996 is an excellent car but with very real limits and compromises in the design. Enjoy it for what it is and throw aside those dreams of it every becoming worth more than you can buy them for today.

I've been offered an 06 997 S with 90k miles at a price in the mid twenties. 996s in Los Angles are going asking for ten thousand less.

Find a nice 996 for under 17k and drive it for 5 years and maybe even longer...but don't imagine it will ever be worth more than you paid for it.
Their low price is part of what makes them such good cars...for the money.


Quote:
Originally Posted by 808Bill View Post
johnireland is offline   Reply With Quote
Old 03-16-2017, 03:39 AM   #50
MRWW
User
 
Join Date: Mar 2014
Posts: 20
Default

Quote:
Originally Posted by sugarwood View Post
Then for the price of another Camry you can get a replacement engine.
After that, then for the price of yet another Camry you can get stuff like a new gearbox or valve job.
Then, for the price of a third Camry you can sort out things like a suspension, cooling system, exhaust, brakes, etc.

If these cars were so cheap, everyone on the planet would be commuting in a used Porsche.
Aside from throwing down $15k for a new mill, they are pretty cheap to own and operate all things considered (like the fact they will go 175MPH). Couple grand a year put away for operational expenses and your on solid ground when things come up.

Now Joe Camry is most likely not in a position to plop that kinda coin down when needed, that's why he is driving a disposable universal Japanese vehicle to his remedial IT desk job so he can load up his 401K just enough to be able eek out a retirement where he does not have to eat cat food as a subsistence strategy. The poor bastard had no idea that Janice would put on that extra 100lbs after having a few kids, back in the day when he still had enough hair for a pony tail, drove an el camino and worked at guitar center she was the head jazzercise instructor at the local fitness center, nothing could stop them

Beware of the Camry effect
MRWW is offline   Reply With Quote
Old 03-16-2017, 07:09 AM   #51
Addict
Rennlist Member
 
randy308@optonline.net's Avatar
 
Join Date: Nov 2008
Location: Boynton Beach Florida.
Posts: 533
Default

MRWW ,quite possibly the funniest thing i have read here in a long time!!!!!
randy308@optonline.net is offline   Reply With Quote
Old 03-16-2017, 08:56 AM   #52
cv8
User
 
Join Date: Mar 2017
Posts: 6
Default

Quote:
remedial IT desk job so he can load up his 401K just enough to be able eek out a retirement where he does not have to eat cat food as a subsistence strategy
uh-oh
cv8 is offline   Reply With Quote
Old 03-16-2017, 09:22 AM   #53
Cosmo Kramer
Addict
Rennlist Member
 
Cosmo Kramer's Avatar
 
Join Date: Jan 2009
Location: SW Ontario
Posts: 3,676
Default

Quote:
Originally Posted by johnireland View Post
The 996 is an excellent car but with very real limits and compromises in the design. Enjoy it for what it is and throw aside those dreams of it every becoming worth more than you can buy them for today.
Many Porsches, especially earlier ones have limits and compromises in their designs and bring insane money. The 930, with its massive handling issues to name one.
Cosmo Kramer is offline   Reply With Quote
Old 03-16-2017, 11:59 AM   #54
David993S
Addict
Rennlist Member
 
David993S's Avatar
 
Join Date: Apr 2009
Location: Hudson, OH
Posts: 879
Default

I think a lot of folks on this thread (the ones thinking appreciation) will ultimately be in for a big disappointment.

Stop worrying about appreciation or depreciation. They're great cars. Drive them and enjoy them now.
David993S is offline   Reply With Quote
Old 03-16-2017, 12:07 PM   #55
b3freak
Addict
Rennlist Member
 
b3freak's Avatar
 
Join Date: Oct 2015
Location: Gawga DAWG Country
Posts: 2,323
Default

^^^ I agree.

Look at my value estimate that I posted on the popular 1999 Carrera. And basically, unless you have a "concours grade" pristine car that's virtually in like-new condition... or maybe a "Raby" modified, then these cars are depreciating further.
b3freak is offline   Reply With Quote
Old 03-16-2017, 12:18 PM   #56
jaetee
Addict
Rennlist Member
 
jaetee's Avatar
 
Join Date: Jul 2016
Location: Tarpon Springs, FL
Posts: 464
Default

Quote:
Originally Posted by b3freak View Post
^^^ I agree.

Look at my value estimate that I posted on the popular 1999 Carrera. And basically, unless you have a "concours grade" pristine car that's virtually in like-new condition... or maybe a "Raby" modified, then these cars are depreciating further.
Yup, special editions and paint to order colors and super-low miles garage queens are the cars that will eventually climb in value... but even then it is likely going to take a considerable drop off in supply (ie, 996's heading to scrapper) for that evenutal appreciation to climb significantly.

I do think that nicely maintained running cars won't drop terribly much more in value... They seem to have reached a cyclical state where they peak in value around spring and drop off heading into winter. The marque, pedigree of the 911 of and within itself, and the sheer cost of good used replacement engines will keep the prices from falling too much lower.

I think fixer-upper cars in the $8-$13k range will remain sporadically available for years to come, and the quantity of those will likely increase in availablity as time goes on and people become disenchanted with "cheap 911" projects gone sideways.
jaetee is offline   Reply With Quote
Old 03-16-2017, 12:22 PM   #57
b3freak
Addict
Rennlist Member
 
b3freak's Avatar
 
Join Date: Oct 2015
Location: Gawga DAWG Country
Posts: 2,323
Default

Quote:
Originally Posted by jaetee View Post
I think fixer-upper cars in the $8-$13k range will remain sporadically available for years to come, and the quantity of those will likely increase in availablity as time goes on and people become disenchanted with "cheap 911" projects gone sideways.

You nailed it my friend Jaetee!

No telling how many stories I've read and personally witnessed, where someone bought these 996 p-cars thinking it would be a 'walk in the park' only to find out they've purchased a money pit. Not in every case. These are reliable cars IMHO, but when the break.. they BREAK your bank account! Word to the wise!!!
b3freak is offline   Reply With Quote
Old 03-16-2017, 12:26 PM   #58
808Bill
User
 
Join Date: Dec 2016
Posts: 891
Default

Quote:
Originally Posted by johnireland View Post
Those are crack pipe asking prices and paying that would be only for suckers. The entire auto industry is floating on a finance bubble. New car dealers are offering 60 and 72 month loans at 0% interest in an effort to keep the stock moving. Leasing has replaced purchasing with the returns after 2 or 3 years being shuffled off to the auction lots.

The 996 is an excellent car but with very real limits and compromises in the design. Enjoy it for what it is and throw aside those dreams of it every becoming worth more than you can buy them for today.

I've been offered an 06 997 S with 90k miles at a price in the mid twenties. 996s in Los Angles are going asking for ten thousand less.

Find a nice 996 for under 17k and drive it for 5 years and maybe even longer...but don't imagine it will ever be worth more than you paid for it.
Their low price is part of what makes them such good cars...for the money.

Yes, I was being sarcastic...feeding the frenzy of some.
808Bill is offline   Reply With Quote
Old 03-16-2017, 12:32 PM   #59
dporto
Addict
Rennlist Member
 
dporto's Avatar
 
Join Date: Oct 2014
Location: L.I. NY
Posts: 1,868
Default

"The 930, with its massive handling issues to name one."

Hmmm, affectionately known as widowmakers... You don't hear that much anymore, as they're all sitting in garages appreciating in value... When they are driven, it's usually just down to the local cars and coffee on the weekends.
dporto is offline   Reply With Quote
Old 03-16-2017, 01:41 PM   #60
johnireland
Addict
Rennlist Member
 
johnireland's Avatar
 
Join Date: Sep 2014
Location: Sherman Oaks, CA
Posts: 1,726
Default

Quote:
Originally Posted by Cosmo Kramer View Post
Many Porsches, especially earlier ones have limits and compromises in their designs and bring insane money. The 930, with its massive handling issues to name one.
As you say...."insane money."
johnireland is offline   Reply With Quote
Reply

Related Topics
Thread Thread Starter Forum Replies Last Post
Question on which models may appreciate best from here? sharknose General Porsche Discussions Forum 2 01-05-2017 08:11 PM
Stop Sale is the cause of current Premiums on Cost of GT cars? The New 911 991 GT3 GT3RS and 911R 18 07-01-2016 03:01 AM
968 Part supply ihoe 924/931/944/951/968 Forum 4 11-03-2015 02:21 AM
Will Porsche re-price the GT4? matttheboatman GT4 22 10-12-2015 09:49 PM
Thinking of buying a 996 Tim_944 996 Forum 22 07-03-2015 02:13 PM


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Forum Jump


All times are GMT -3. The time now is 07:35 AM.


Copyright ę 1998 - 2017 Rennlist.com
 
  • Ask a Question
    Get answers from community experts
What's your question?
Send