How Low will the 996TT Go?
#17
Burgled
Rennlist Member
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Joined: Aug 2003
Posts: 22,384
Likes: 14
From: Altamonte Springs, Fl/Gwynns Island, Va.
To me if it loses $15-20K after owning it for 3-4 years so what. My pickup truck lost that much in the same time and it isnt anywhere near as much fun to drive.
#18
I conquer on the hp issue. w/ gas and energy consumption becoming an ever growing concern i figured that we may be looking at some of the last high horsepowered gasoline engines being built b/4 hydrogen and biofuel cars start to dominate in the next 10-15 years. The end is near buy it keep it and b/4 u know it u may be holding a relic or at least a piece of nostalgia
#19
The price of used 993 and 993TT hit bottom a few years ago. They are starting to appreciate if they are well maintained. You'll actually pay as much or more for a any 993 over any like model 996. As I said before...cars will start losing HP in the years to come and never recover like they did from the late 1970's. Computer managment techonolgy was the saviour then but now can no longer keep HP gains and meet ever more restrictive emissions limits.. Unless the professor from back to the future can get the flux capacitor to maket very soon...only dead slow hybreds will be offer to the public within the next 10 years. 50mpg but only 50mph.
#20
I read yesterday in Excellence magazine that in the last 6 years, 10,000 Porsche Turbos were imported to the USA. I think that goes a long way in explaining the current pricing. That figure comes from the Oct. 2006 issue. There were way fewer 993TT's built, according to Excellence, only 2085 imported to the USA. I think that explains why they are holding their value so well.
Last edited by Land Jet; 06-21-2007 at 05:44 PM.
#21
Originally Posted by sixsilly
I conquer on the hp issue. w/ gas and energy consumption becoming an ever growing concern i figured that we may be looking at some of the last high horsepowered gasoline engines being built b/4 hydrogen and biofuel cars start to dominate in the next 10-15 years. The end is near buy it keep it and b/4 u know it u may be holding a relic or at least a piece of nostalgia
#22
I think the sky is falling! Hahahaha! Come on guys! The NA porsche's have always been CRAP! Just start looking back at 80's, 90's turbo's in good shape either sell for what they were new or pretty close.
This whole thing about production numbers and value is some what true. If the population hadn't grown at all in 20yrs, I might buy that. I would like to think in 20yrs Porsche made a few more customers. The 993 are kind of unfair to compare. Although their shape is magnificent their technology is inferior. People like them because it's the last of that breed.
In my opinion I think prices will stay in the high 50's to mid 60's for the next few years. There is no way they will ever reach 35k for a well kept low mileage example. Inflation won't allow it. Can you imagine how cheap a 996 carera would be? What $2-3k? I have about 110k in my car as it sits! Do I wish it was worth the same as I have in it sure. I am not going to loose any sleep if it loses $50k in resale over next few years. I have said this before, if you are afraid of losing money on a car you probably can't afford it. I have lost money on every car I ever owned. I like cars, I like to drive them. Ah just the cost of playing around.
This whole thing about production numbers and value is some what true. If the population hadn't grown at all in 20yrs, I might buy that. I would like to think in 20yrs Porsche made a few more customers. The 993 are kind of unfair to compare. Although their shape is magnificent their technology is inferior. People like them because it's the last of that breed.
In my opinion I think prices will stay in the high 50's to mid 60's for the next few years. There is no way they will ever reach 35k for a well kept low mileage example. Inflation won't allow it. Can you imagine how cheap a 996 carera would be? What $2-3k? I have about 110k in my car as it sits! Do I wish it was worth the same as I have in it sure. I am not going to loose any sleep if it loses $50k in resale over next few years. I have said this before, if you are afraid of losing money on a car you probably can't afford it. I have lost money on every car I ever owned. I like cars, I like to drive them. Ah just the cost of playing around.
#26
Originally Posted by ryangambrill
Would you choose a F355 or 996TT??
No place for me to get F car serviced here, etc. Lots of P car service shops. Etc.
JB
#27
Originally Posted by ryangambrill
Would you choose a F355 or 996TT??
If it's the Porsche, fine.
If it's the Ferrari, I'll take it, sell it, buy the 996TT, and with the difference buy a Civic for grocery runs and probably still have some $$$ left over.
#28
Originally Posted by cpu77
I think the sky is falling! Hahahaha! Come on guys! The NA porsche's have always been CRAP! Just start looking back at 80's, 90's turbo's in good shape either sell for what they were new or pretty close.
In my opinion I think prices will stay in the high 50's to mid 60's for the next few years. There is no way they will ever reach 35k for a well kept low mileage example. Inflation won't allow it. Can you imagine how cheap a 996 carera would be? What $2-3k? I have about 110k in my car as it sits! Do I wish it was worth the same as I have in it sure. I am not going to loose any sleep if it loses $50k in resale over next few years. I have said this before, if you are afraid of losing money on a car you probably can't afford it. I have lost money on every car I ever owned. I like cars, I like to drive them. Ah just the cost of playing around.
In my opinion I think prices will stay in the high 50's to mid 60's for the next few years. There is no way they will ever reach 35k for a well kept low mileage example. Inflation won't allow it. Can you imagine how cheap a 996 carera would be? What $2-3k? I have about 110k in my car as it sits! Do I wish it was worth the same as I have in it sure. I am not going to loose any sleep if it loses $50k in resale over next few years. I have said this before, if you are afraid of losing money on a car you probably can't afford it. I have lost money on every car I ever owned. I like cars, I like to drive them. Ah just the cost of playing around.
And 80's/90's Porsches aren't crap! In fact, they've done a relatively good job of holding their value. A well-maintained 80's 911 can easily bring in excess of $20k. They're also wonderful machines, on a more objective note A recent discussion on the 928 board shows those cars fetching significantly more in some cases.
#29
I've said it before but...
the perspective on 996 pricing is getting to be like the stock market in 2001; doomsday predictions that we havent't seen the bottem and the rational folks were starting to step in and buy.
The reality is that the base 996's are at their bottem. The reason this is important is that each upgraded iteration is only ~5K above the last, ending with the Turbo at about 50K for a pig and 85K for a nice car that is 3 years old. The next step is into a 997S which is 5K more than the top 03 996TT. See the trend?
I've seen the same pattern with Corvettes as the next generation is introduced. I can recall when no one would touch a C3 when the C4's came out. Then the C5 came out and the C4 was the dog, collectors started to like the C3... Next, the C6 is out and the C5 falls out of bed and holds, C4's are now being speculated on by the collectors. Porsche is now a mass produced sports car like the Corvette.
Don't believe me? More people are starting to buy and push up the 964, the car that everyone thought was a mistake. Kinda like the Corvette C3...
Just my opinion
the perspective on 996 pricing is getting to be like the stock market in 2001; doomsday predictions that we havent't seen the bottem and the rational folks were starting to step in and buy.
The reality is that the base 996's are at their bottem. The reason this is important is that each upgraded iteration is only ~5K above the last, ending with the Turbo at about 50K for a pig and 85K for a nice car that is 3 years old. The next step is into a 997S which is 5K more than the top 03 996TT. See the trend?
I've seen the same pattern with Corvettes as the next generation is introduced. I can recall when no one would touch a C3 when the C4's came out. Then the C5 came out and the C4 was the dog, collectors started to like the C3... Next, the C6 is out and the C5 falls out of bed and holds, C4's are now being speculated on by the collectors. Porsche is now a mass produced sports car like the Corvette.
Don't believe me? More people are starting to buy and push up the 964, the car that everyone thought was a mistake. Kinda like the Corvette C3...
Just my opinion
#30
Corvettes though are truly massed produced. I think they make 8k z06's in 2002 alone!. I had heard numbers of something like 40k plain jane corvettes a year. The turbo would be more like a Z06 and those numbers are much higher than a turbo production of say 2k per year?
Here is a link http://www.corvetteactioncenter.com/...02z06prod.html
Here is a link http://www.corvetteactioncenter.com/...02z06prod.html