Mike Murphy

Porsches seem to be cheaper in hawaii. Not sure why other than "Cars are cheaper here because they are beat to death by the poor roads. Tires get shredded by sharp, lava cinders and you need more repairs, again due to the poor roads. The salt air causes corrosion, not just in rusty body panels, but also wreaks havoc on electrical connectors. Add in rodents that love to chew on wires and that is why used cars can be cheaper here. They are not a bargain.

Read more: http://www.city-data.com/forum/hawai...#ixzz4b58BMbs6"

gnat

Do scams count?

https://washingtondc.craigslist.org/...039341194.html

brianbbs67

Its a beautiful scam, though..

ZuffenZeus

Here's 5 year data on the Rennlist 996 popular 1999 Carrera:

David993S

Wake up, wake up......you're dreaming.

ejdoherty911

Economics lesson....the price of 996s will go up sooner or later. If a consumer wants a 911, they want a 911. There is no direct substitute product. The prices of all 911s pre 996 have risen dramatically. Virtually all comparable 911s prior to the 996 currently cost 100% more or even more than that. A 964 with 75k miles is gonna cost you $50,000 today, the same car sold for $25k in 2008. However, the 996 prices will NOT rise significantly because there are a lot of 997s at reasonable prices. A 10% - 15% increase in the average price of 996 over the next 2-3 years should happen. So that dirt cheap $15K 996 will cost $16.5K . The well cared for car listing now at $22k will cost $24k.

David993S

^^^ Perhaps, but here's another economics lesson: Don't look at the Porsche market through Porsche-colored glasses. Porsche made a Bazillion 996's - as sports cars go, it's mass produced. Given there were so many made, and given their (potential) issues, prices are not going anywhere. Maybe in another 20 years a pristine 996 may fetch good money, but the average 996 is going to be a $15K - $20K car (or less) for a very long time.
6GT3's are certainly an exception.

My crystal ball tells me so. I'll bet that "dirt cheap" $15K 996 will be $13K in 2 or 3 years.

Here's some food for thought: I won't say what I paid for my Ferrari 360 but I thought with only approx. 8000 made for all production years, it would probably never drop below $100K......WRONG. Today my 360 is worth maybe $60k-ish, maybe $70K on a really good day. Now 8000 cars is not many, but it's a huge number in Ferrari production. The most mass-produced Ferrari ever made. How many 996's did Porsche make? Think about it.

beetleything

There is a lot of 'wishful' thinking in this thread.

m3driver

A real economics lesson...your theory is 100% speculation back up by zero emperical data.

curtsr

If previous gens are any indicator the wide body cars should fare the best once bottomed out, which I personally feel the 996's are. But...if you believe Hagerty's data for my MY 2003 they made more (7900-ish units) C4S than any other 911 version that year by a wide margin. Not so for '02 and '04 and I would guess first year jitters for AWD and then in '04 diluted by the addition of the C4S cab.

But they sure cranked out a lot of C4S coupes in 2003 it appears!

Mike Murphy

I think you're onto something. If we want to know how well 996s are doing, it's going to be mostly based on the 997. If the 997 values tank, people will arguably take one of those over a 996. They cannot take a 993, so only a 991 would be the next substitute.

The 3.2 Carrera became super hot and you could still get an SC or 964 for a reasonalbe price, but not for long. I feel like 996/997/991 are in a similar boat, but we'll have to see

Barn996

I'd suggest looking at the KBB site to get a picture of 996 values either trade-in or private sale. If those numbers are accurate then you'll be surprised at how low they are.

Vancouver996

The Op is in Canada , and here 996 prices have been going up .
I'd venture a couple of reasons ,
The demand is there , these cars have been getting favorable right ups in Porsche specfific magazines . Now when you go to PCA meeting , people are into the cars , but a few years ago a 996 owner at a pca meeting felt like the last kid picked to play hockey . The 968 , 944 & 928 PCA crowd all seem to be getting into 996s now.


There were never that many of them here compared to the USA , and a few years ago when the dollars were on par , some were coming in from the states but now with the low price of oil , our dollar has dropped and the flow of USA import cars has stopped .

Even in Vancouver , the number two market for high end cars in North America , there just aren't many 996s around . Back when the 996 was new we had one multi brand dealer , now there are two new OPCs ( and a third new OPC in Victoria) and 4 independent Porsche sales & repair places . I see 4 991s and 10 boxsters of every era , for every 996 .
I get offers on mine every week . You just don't see them and people want one .
Unlike when I lived in the UK and you couldn't throw a rock without hitting a silver 996 , there have never been lots of them around up here .

taylor15

BAT cars bring a premium, which I don't understand. There was a 150k C4S sold for 23-24k 2 weeks back that had been listed here and Craigslist for 25k with no love. When you add buyer pays 5% they paid more than they could have by making him an offer. I think there is a false sense of security or people think they have some sort of buyer protection ala eBay..maybe it's something else. I would never judge the market from that source

studio112

Interesting opinions from you all. As I said, the 2002's and higher are good sellers here; 99-01's were cheap and aren't rising as fast in value. I passed on a few mk1's 3.4L for 10-12k less than I paid for my 02 C4s coupe all original including IMS and RMS.
Fifteen yr. old cars are not beat as someone suggested unless you beat them; be kind to your friends and they will return the favor.