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Hang onto your 996TTs! The 996TT-future collectible

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Old 02-16-2016, 02:19 PM
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neanicu
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Default Hang onto your 996TTs! The 996TT-future collectible

http://www.carbuzz.com/news/2016/2/1...bo-996-7731985


Here is a quick rundown of the 996 generation of the 911. The 996 was sold from 1999 to 2005. The generation was the successor to the much loved 993. Unfortunately for Porsche, the 996 had difficulties living up to the standard that the 993 set. Diehard Porsche fans were outraged that the company was ditching the classic, air-cooled engine for a water-cooled design; the decision was made in order to meet stricter guidelines for emissions and noise regulations as well as a higher expectation for performance.

Porsche fans were also disappointed by the oddly shaped headlights that are still the only non-circular units to ever be put on the 911. The inherent hatred from Porsche fanatics and catastrophic IMS issue make this generation of the 911 by far the cheapest on the market today. Even the powerful Turbo model is quite affordable. This is where the 996 generation can be redeemed in the future. Other generations of the 911 Turbo have skyrocketed. The 930, 964, and 993 generation Turbos are now worth a ton of money. However, this crazy appreciation has not yet affected the 996 generation of cars. Prices range from the high $60,000 range for a perfect example, to just under $40,000 for one with some miles on the odometer (around 60,000).

This makes the car a substantial deal at the moment. When you realize that you are getting a twin-turbocharged Porsche with over 400 horsepower for the same price as a base BMW 328i, the 911 Turbo starts to make sense. Although the 996 Turbo's interior seems incredibly basic by today's standards, the lack of technology may actually help this car's value in the long run. Think about the last time you tried to use a computer that was made in 2001; it is completely out of date. The 996 911 had a very basic interior, which means you won't have to deal with completely antiquated infotainment when you drive your car. Fortunately, the performance technology found in this car is far from ancient. The 996 Turbo is incredibly fast even by today's standards.

With the six-speed manual transmission (which is the one you should buy), the 911 Turbo could hit 60 mph in just four seconds and had a top speed of 190 mph. Can you think of many other cars that are THAT fast for less than $40,000? The 996 Turbo also featured a different engine design than other 996 911s and did not suffer from the IMS issue. Although the 415 horsepower of the 996 is less than the modern day Carrera S, it costs less than half of the 2016 model's base price of $103,400. For a car that once had a starting MSRP of $152,095, it is staggering that they are now available for less than the price of a sport sedan with no options. Once you buy this car, you can laugh at the poor fellow who actually paid that price when it was new.

The headlights may be odd, but we think that will actually help the value of this car long term. The automotive world is full of cars that were thought to be ugly when they were new, but appreciated over time. This 911 generation may surprise a lot of people when the special models like the GT3, GT2, and Turbo are no longer affordable. No one thought the 964 generation would ever appreciate, and now those same people question the 996. If you can buy any of the special 996 generation cars, know that your money is going into a good investment!

Last edited by neanicu; 08-31-2016 at 09:02 AM.
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Old 02-16-2016, 02:37 PM
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jumper5836
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For sure, I will not sell mine, I got a great deal on mine and it's a fantastic car. I also have a 996 C4S which I think is the better looking of the two and will also be a collectible. It may have the m96 engine in it but I think after a rebuild with nikasil cylinder liners dropped in and IMS fix done will command higher values then those with stock engines.
Old 02-16-2016, 02:40 PM
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xmaciek82x
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Well, being only a Porsche owner for 3 days, my opinion is pretty much a wild guess. But I doubt the 996 Turbo will ever be are pricey as 930, 964, and 993 generation Turbos. It will probably shoot up $10k to $15k in the next couple years (5+ years) and stay at that. Highly doubt they will drop in price anymore but really won't ever double or triple in value.

I see many posts about people being too concerned about the value of the car. Yup, its was a $120k+ car and now it is a $40k+ car. Happens all the time.
Old 02-16-2016, 02:46 PM
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Originally Posted by Shadetree930
The drumbeats in the jungle are getting louder and faster .....
Old 02-16-2016, 03:09 PM
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Olemiss540
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What did 993 Turbo's use to sell for at bottom? Just curious how their depreciation compares to the 996 generation.
Old 02-16-2016, 03:14 PM
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Turbodan
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Originally Posted by Olemiss540
What did 993 Turbo's use to sell for at bottom? Just curious how their depreciation compares to the 996 generation.
$50k
Old 02-16-2016, 03:33 PM
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christallon
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Originally Posted by xmaciek82x
Well, being only a Porsche owner for 3 days, my opinion is pretty much a wild guess. But I doubt the 996 Turbo will ever be are pricey as 930, 964, and 993 generation Turbos. It will probably shoot up $10k to $15k in the next couple years (5+ years) and stay at that. Highly doubt they will drop in price anymore but really won't ever double or triple in value.

I see many posts about people being too concerned about the value of the car. Yup, its was a $120k+ car and now it is a $40k+ car. Happens all the time.
Dunno about this. I was one of those early 964 adopters and was blown away at what happened. The technology in the 996 TT cars is truly astonishing. They are truly undervalued at this point, but the market always wakes up. The really low production numbers for some of the variants within the range are also encouraging... Take the 05 TT S (shameless plug here). Porsche delivered less than 100 examples of this variant (6 Speed manual coupe) to NA for sale, that was it. I believe we are seeing the beginning of the appreciation cycle for the simple 996 TT, and very well deserved at that... IMO
Old 02-16-2016, 05:06 PM
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The word is getting out. With the new 991.2 Turbos approaching $200k after adding options/goodies, 996tt prices (and 997tt) are going to have that much more value, and prices on both models will likely continue to go up... esp due to each 911 iteration's MSRP prices much more than its predecessor.

Time will tell, but I suspect the turbos w/Mezger engines and hydraulic steering will continue to be very desirable.
Old 02-16-2016, 08:10 PM
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Road King
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For me, it's all about the driving experience. With no dated interior electronics to distract or worry about (failing), I can focus on the the steering, shifting, braking, etc. My mildly tuned 996T certainly can keep up with most modern sports cars on a twisty road mountain road, and this is exactly why I bought it. There simply isn't anything else out there for mid $40s that can do what our cars can do holistically.

Future classic? We'll see, but in the meantime, it's a great drive. I don't think I've heard many say that the aircooleds run/drive/handle better than the 996!
Old 02-16-2016, 08:40 PM
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America
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Originally Posted by Olemiss540
What did 993 Turbo's use to sell for at bottom? Just curious how their depreciation compares to the 996 generation.
Sold my 993TT with 18k miles 6 years ago for $80k and 1992 America Roadster for $40k 8 years ago. I have a inkling that the prices will go up, but didn't think they would skyrocket like they have.

Regarding our our beloved 996TT. They will go up little more but will always be priced below the 997TT. Also saw somewhere the first few years of the 997TT production numbers very low due to the economic bubble at the time. Think there will always be a $15k difference for same mileage car between 996tt and 997tt.
Old 02-16-2016, 09:00 PM
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I think they'll slowly creep up to the $50-60K range and stay flat.......just wishful thinking. Part of the justification to the other half was that we wouldn't lose any money on it
Old 02-16-2016, 09:07 PM
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Originally Posted by America
Regarding our our beloved 996TT. They will go up little more but will always be priced below the 997TT. Also saw somewhere the first few years of the 997TT production numbers very low due to the economic bubble at the time. Think there will always be a $15k difference for same mileage car between 996tt and 997tt.
I hate to admit it, but I agree with this. I can't see the 996 turbo value exceeding the value of a comparably maintained/mileage/color 997 turbo. Just speculation, I'm interested to see what happens!
Old 02-16-2016, 09:27 PM
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jumper5836
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Originally Posted by ANJ-911
I hate to admit it, but I agree with this. I can't see the 996 turbo value exceeding the value of a comparably maintained/mileage/color 997 turbo. Just speculation, I'm interested to see what happens!
Most of them were auto so a manual would also fetch more money. All though the 997.1 mezger under went cost saving measures making it more prone to failures. IMO The electronic awd & lack of ability to go rwd or customize a suspension without the electronics and PSM nannies taking a fit makes it less desirable. The 50's style head lights will always keep the 911 outdated and the 996.2 will always look more modern like other marques and the other models and super cars that Porsche produces, that don't need to attain approval from the 993 crowd.
I am not a fan of the exhaust that's been ingrown into the bumper or the fishy looking fog lights in the front bumper. These little things really put me off of it.
Old 02-16-2016, 09:52 PM
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neanicu
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That sleeve on the camshafts in the 997 TTs is what would really keep me away. I have seen the failure in pics and I just can't understand why Porsche thought that would hold on a rotating assembly. Really bad design. I'd rather weld coolant pipes than having any other issue which requires engine disassembly.

In the end,they all had their quirks,but the 996 TTs have hit rock bottom for a while now and well maintained ones can only be going up as the supply is drying up.
Old 02-16-2016, 10:21 PM
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I can agree with the 996TT gaining value due to its different look. I also agree with it topping 60kish. I think most people on here will be dead the time the 997TT climbs in price. The 997 had higher production numbers


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