996 turbo investment?
#31
Burning Brakes
as with many others, i wouldn't view a 996tt as an investment as much as i would an undervalued model that can't go anywhere but up. we're not talking 993tt action, just a nice place to put some money into a car and not worry about depreciation. enjoy it, drive it and don't hassle the money.
I bought my 99' 996 last year... drove 7k miles, and sold it for $2k more than what I bought it for. I expect the 996tt I just bought to be pretty similar but I don't know why I'd ever sell it.
#32
Three Wheelin'
It really isn't, it's a slow car from the 80s. I'm a BIG BMW M fan, but let's be real.
And my point was exactly that, it's not always just about production numbers.
You guys in US should see the value of the 996 Turbos in Europe. I wouldn't be able to by my own car if I was in the market today, it's going up!
And my point was exactly that, it's not always just about production numbers.
You guys in US should see the value of the 996 Turbos in Europe. I wouldn't be able to by my own car if I was in the market today, it's going up!
#33
$2K is TTL, a service visit or a rounding error, making a slight profit is hardly appreciation.
#34
Rennlist Member
There was a similar discussion several months ago, see bellow link.
https://rennlist.com/forums/996-turb...996tt-x50.html
https://rennlist.com/forums/996-turb...996tt-x50.html
#35
#36
Burning Brakes
Yeah I'm not proclaiming to have made money on the car, because after taxes and maintenance I didn't... but compared to most other $20k cars out there I avoided the 4-5k in depreciation so actually netted 6-7k in my book.
The tt was 33k. 102k miles. 6 spd cab. Evo GT700 kit and a host of other nice mods.
The tt was 33k. 102k miles. 6 spd cab. Evo GT700 kit and a host of other nice mods.
#37
Rennlist Member
Yeah I'm not proclaiming to have made money on the car, because after taxes and maintenance I didn't... but compared to most other $20k cars out there I avoided the 4-5k in depreciation so actually netted 6-7k in my book.
The tt was 33k. 102k miles. 6 spd cab. Evo GT700 kit and a host of other nice mods.
The tt was 33k. 102k miles. 6 spd cab. Evo GT700 kit and a host of other nice mods.
It is easy to talk a lot of conjecture and facts are difficult to sift through in chat rooms.
#38
These cars will eventually find their way back up. It was an expensive car when new and once all the high mileage track cars have bcome scrap metal, those in great condition and low mileage will go up. Im not afraid to say that i bought my tt x50 because i believe i can drive it and make money down the road. If My plan fails i know I will have enjoyed this bad *** car and make my money back.
You can buy a high mileage 993 na for 50k or a low mileage one for 80k. Thats why the turbo 993s are the unicorn. I have faith these will go in that same direction. Maybe not 993tt money but i do believe they will go up in value as time goes on. Just my opinion...please keep the blasting to a minimum!!
You can buy a high mileage 993 na for 50k or a low mileage one for 80k. Thats why the turbo 993s are the unicorn. I have faith these will go in that same direction. Maybe not 993tt money but i do believe they will go up in value as time goes on. Just my opinion...please keep the blasting to a minimum!!
#39
Drifting
The key is leaving the car stock as that is what most people want now and will be even more so in the future. I like doing mods to my cars so I'm not being judgmental, its just the way it is with 911 turbos and it wont be any different with the 996tt. Most people do mods to follow the crowd and will never see or use the added hp= and also usually sell within a couple years losing the money spent and reducing the desirability and buyer pool. Not looking for an argument and just my take from being in the car game for over 40 years.
#40
To me the investment in these cars is to have something to enjoy and drive and I wouldn't want mine any different. All the modifications I've have done have only made driving it which I do everyday a better experience. I would much rather have my higher mile well maintained car with the mods I have then a bone stock one with a third of the miles. The air cooled 911 turbos are thirty years older and have only recently gone up in the last 6 yrs. are you really going to worry about selling your car for 15-20k even 50k more in 10-20yrs because you never drove it? It reminds me of my wife and her Christian Louis Vuitton shoes. If nobody raced and modded the air cooled 911s nobody would care about them now. It's their track pedigree that's made them what they are.
#41
I don't see why these cars need to double in price like the 993 to be a good investment. A car that you can put a decent amount of miles on and then sell it in 5 years or so for the same price is a GREAT investment for a car. Especially compared to my 335 which seems to cut its value in half every year
#42
I don't see why these cars need to double in price like the 993 to be a good investment. A car that you can put a decent amount of miles on and then sell it in 5 years or so for the same price is a GREAT investment for a car. Especially compared to my 335 which seems to cut its value in half every year
That is what I did with my e36 m3, drove it for few years and sold it for basically what I bought it for. Buy a new BMW and you lose have the value in a few years.
#43
I agree with others about it not being about appreciation but the lack of depreciation that is the big selling point. I bought mine because it was the best bang-for-the-buck car on the market at the time. I mod and drive mine because its what I want to do with the car.
The fact that I know that Im not taking a massive hit on depreciation is a big selling point. Even if I had to spend 15-18k rebuilding the engine down the road, its still less than the hit I would take if I bought something like a Mustang/Camaro/370z etc for the same price.
The fact that I know that Im not taking a massive hit on depreciation is a big selling point. Even if I had to spend 15-18k rebuilding the engine down the road, its still less than the hit I would take if I bought something like a Mustang/Camaro/370z etc for the same price.
#44
Hi all - I currently have a 964 which I've seen soar in value in the last 3 years. Love the car but also love the fact it's appreciating rather than depreciating. Looking at 996 turbo prices, they seem like amazing value right now compared to all other 911 turbos. Do you reckon they are underpriced and will shoot up in future?
My vague plan I need some views on: sell my 964 cab manual for £30k and get a 996 turbo tip for £35k. In five years the 996 is worth maybe £50-60k.
My vague plan I need some views on: sell my 964 cab manual for £30k and get a 996 turbo tip for £35k. In five years the 996 is worth maybe £50-60k.
I bought it for fun, but I know that they hit the bottom as depreciation concerns, so there's only one way: up! IMHO
Is this a ****box as some say:
I don't think so. And it goes, oh Lord! I'm affraid for my license: it's impossible to go slow.
#45
It really isn't, it's a slow car from the 80s. I'm a BIG BMW M fan, but let's be real.
And my point was exactly that, it's not always just about production numbers.
You guys in US should see the value of the 996 Turbos in Europe. I wouldn't be able to by my own car if I was in the market today, it's going up!
And my point was exactly that, it's not always just about production numbers.
You guys in US should see the value of the 996 Turbos in Europe. I wouldn't be able to by my own car if I was in the market today, it's going up!