2001 996TT for sale - Signal Yellow
#31
Race Director
I am considering buying a 911 as weekend toy car, I set my budget at around 45k. Question for the members, considering I drive it ~4,000 miles per year for 5 years, what will take a bigger hit in depreciation, a 996tt or a 997.1, all other things being equal (condition, miles, etc.)
I know you are supposed to drive it and enjoy it but life changes and I would like to know what to expect.
TIA
--Sebis
I know you are supposed to drive it and enjoy it but life changes and I would like to know what to expect.
TIA
--Sebis
Maybe I'm misreading what you wrote but if the difference in depreciation between the 2 models you listed is that important, that critical to your selection decision perhaps neither car is for you.
There is depreciation but there is also the risk of serious car trouble: engine of course, but there is transmission failure too, just to name two of the bigger troubles which can befall a car; which can make depreciation over a few years seem inconsequential.
There is also the risk, admittedly small, of an accident that even though the car is repairable and is repaired can impact the car's resale value and thus depreciate the car even more than it would have depreciated anyway.
But accidents can and do happen. One took out my 4 week old Cayman S but before the decision to total it was made had me facing the prospect of having a brand new car depreciate to probably well under half its value immediately before the accident; and about 2 weeks after buying a very nice (pristine) 03 Turbo an encounter with a mule deer smashed the car but also but no little dent in the car's resale value.
In the case of the Cayman S I had planned on driving the car for a while then trading it in for something newer (another Cayman or perhaps a 911) in a few years. The accident damage dashed any hopes of having any trade in value at all. Thankfully the car was declared a total loss.
In the case of the Turbo I liked the car so much I decided to just hang on to it and drive it as long as I could. The accident damage while severe was only skin (sheet metal) deep and the car has been a real peach for the nearly 100K miles I have put on the car since the accident.
My point is I certainly didn't intend to have any accidents and am a careful driver but circumstances beyond my control, beyond my ability to see into the future sure negatively affected the resale value of two otherwise very nice cars.
#32
RL Community Team
Rennlist Member
Rennlist Member
I am considering buying a 911 as weekend toy car, I set my budget at around 45k. Question for the members, considering I drive it ~4,000 miles per year for 5 years, what will take a bigger hit in depreciation, a 996tt or a 997.1, all other things being equal (condition, miles, etc.)
I know you are supposed to drive it and enjoy it but life changes and I would like to know what to expect.
TIA
--Sebis
I know you are supposed to drive it and enjoy it but life changes and I would like to know what to expect.
TIA
--Sebis
#33
Not to deviate too much from this thread, I love this 2001 996tt and I wish I was ready to pull the trigger, but I am not.
Thanks for your advise.
--Sebis
#35
Here are two options 997.1 vs 996tt, similarly priced like about the same miles:
2005 997.1 C2S
http://www.autotrader.com/cars-for-s...ngId=347076415
2003 996tt
http://www.autotrader.com/cars-for-s...ngId=348526672
2005 997.1 C2S
http://www.autotrader.com/cars-for-s...ngId=347076415
2003 996tt
http://www.autotrader.com/cars-for-s...ngId=348526672
#36
RL Community Team
Rennlist Member
Rennlist Member
Here are two options 997.1 vs 996tt, similarly priced like about the same miles:
2005 997.1 C2S
http://www.autotrader.com/cars-for-s...ngId=347076415
2003 996tt
http://www.autotrader.com/cars-for-s...ngId=348526672
2005 997.1 C2S
http://www.autotrader.com/cars-for-s...ngId=347076415
2003 996tt
http://www.autotrader.com/cars-for-s...ngId=348526672
The 2003 Turbo is well priced and has a different motor than the C2S. The Turbo motor known as a Mezger engine or GT1 is bullet proof. Their values are close to rock bottom. They might go down slightly but not by much and in a few years their values should rise.
The carfax of the Turbo shows it was in a minor front end accident. Have a good inspection of the Turbo done at a reputable shop and if all checks out it is definitely the one to buy. Haggle over the price because of the accident. You might get a great deal.
#37
Okay this is easy. The 2005 C2S is over priced IMHO and those cars have an engine called an M97 motor that is susceptible to intermediate shaft bearing failure which can cost you big money to fix. These cars' value will continue to depreciate.
The 2003 Turbo is well priced and has a different motor than the C2S. The Turbo motor known as a Mezger engine or GT1 is bullet proof. Their values are close to rock bottom. They might go down slightly but not by much and in a few years their values should rise.
The carfax of the Turbo shows it was in a minor front end accident. Have a good inspection of the Turbo done at a reputable shop and if all checks out it is definitely the one to buy. Haggle over the price because of the accident. You might get a great deal.
The 2003 Turbo is well priced and has a different motor than the C2S. The Turbo motor known as a Mezger engine or GT1 is bullet proof. Their values are close to rock bottom. They might go down slightly but not by much and in a few years their values should rise.
The carfax of the Turbo shows it was in a minor front end accident. Have a good inspection of the Turbo done at a reputable shop and if all checks out it is definitely the one to buy. Haggle over the price because of the accident. You might get a great deal.
#38
Burning Brakes
It is definitely not the same colour as Speed Yellow. It has a more orange tint to it.
#39
Burning Brakes
It is definitely not the same colour as Speed Yellow. It has a more orange tint to it.
#40
RL Community Team
Rennlist Member
Rennlist Member