What is too much $$ for a 996TT?
05-23-2017, 04:13 PM
#16
Mine, in the driveway of the first owner, from whom I bought it 2 years ago :-)
Since you are from Idaho, I parked this car at the Trader Joes in Boise last year, and a guy hunted me down in the store to congratulate me on it; he said he owned one of the cabs.
05-23-2017, 04:20 PM
#17
Attachment 1168796
Mine, in the driveway of the first owner, from whom I bought it 2 years ago :-)
Since you are from Idaho, I parked this car at the Trader Joes in Boise last year, and a guy hunted me down in the store to congratulate me on it; he said he owned one of the cabs.
Mine, in the driveway of the first owner, from whom I bought it 2 years ago :-)
Since you are from Idaho, I parked this car at the Trader Joes in Boise last year, and a guy hunted me down in the store to congratulate me on it; he said he owned one of the cabs.
05-23-2017, 04:24 PM
#18
Intermediate
That's an outrageous price. 2003 996TT Seal Gray 6sp with 13k miles, K24's, intake/exhaust and Sachs clutch with Champion wheels....picked up for $54k.
I am partial to red, however...
I am partial to red, however...
05-23-2017, 04:54 PM
#20
Originally Posted by champignon
That's about $20K over the highest 996 TT I have seen, while looking recently.
From what I have read, the 996 TT will never be considered "collectible," due to high production numbers. If you buy this at anything approaching $80K, you will lose value on the car faster than most new cars depreciate as you put on mileage and the car becomes further dated.
From what I have read, the 996 TT will never be considered "collectible," due to high production numbers. If you buy this at anything approaching $80K, you will lose value on the car faster than most new cars depreciate as you put on mileage and the car becomes further dated.
Total production run may hurt value or collectible status, but it's not always a fact.
05-23-2017, 06:19 PM
#21
RL Community Team
Rennlist Member
Rennlist Member
Collectibility is of course in the eye of the beholder.
Within the "relatively modern" BMW universe, with which I am much more familiar than the Porsche one, the 1M, made only in 2011, had total sales numbers in N. America of less than 1000, coupes only, 740 of which were sold in the USA. The Z3M Coupe (often referred to as the "clownshoe"), had less than 3000 sold in N.A; there was also the Z3 Coupe, of which about 2000 were sold.
The E46 M3, on the other hand, had about 26,000 examples sold in NA in coupe form, and close to 18,000 in convertible form.
The first 2 are considered "collectible," on account or rarity, the latter, albeit a fine car, is not (let's not get into the SMG transmission issue, examples of which contained in these total numbers would not meet my definition of a "fine" car).
The 911, 996 Porsche Turbo, had approximately 6600 coupes and about 2550 cabs sold in the USA during the production run of years 2001 through 2005. The 2004 and 2005 coupes are the rarest during the run.
My personal opinion is that rarity is what drives prices and collectibility in cars; it certainly is what I have observed in the used, fine, German car market as long as I have been following it.
None of this has anything whatever to do with desirability, quality, enjoyment or pride of ownership.
Therefore, stating that I am "100%" incorrect is certainly a 100% incorrect statement, itself :-)
Within the "relatively modern" BMW universe, with which I am much more familiar than the Porsche one, the 1M, made only in 2011, had total sales numbers in N. America of less than 1000, coupes only, 740 of which were sold in the USA. The Z3M Coupe (often referred to as the "clownshoe"), had less than 3000 sold in N.A; there was also the Z3 Coupe, of which about 2000 were sold.
The E46 M3, on the other hand, had about 26,000 examples sold in NA in coupe form, and close to 18,000 in convertible form.
The first 2 are considered "collectible," on account or rarity, the latter, albeit a fine car, is not (let's not get into the SMG transmission issue, examples of which contained in these total numbers would not meet my definition of a "fine" car).
The 911, 996 Porsche Turbo, had approximately 6600 coupes and about 2550 cabs sold in the USA during the production run of years 2001 through 2005. The 2004 and 2005 coupes are the rarest during the run.
My personal opinion is that rarity is what drives prices and collectibility in cars; it certainly is what I have observed in the used, fine, German car market as long as I have been following it.
None of this has anything whatever to do with desirability, quality, enjoyment or pride of ownership.
Therefore, stating that I am "100%" incorrect is certainly a 100% incorrect statement, itself :-)
It is like the old stock market saying. "Don't fight the market. You will always lose."
05-23-2017, 06:22 PM
#22
RL Community Team
Rennlist Member
Rennlist Member
05-23-2017, 06:29 PM
#23
Nine to 14 years from now, when the production run of the 996 Turbo attains an age of 25 years old, pristine, low mileage examples of the 996 Turbo may well sell for a whole lot of money.
But all of this begs the point; only a fool would buy a production automobile as an investment, unless perhaps they were as well capitalized as Jay Leno. The cost of upkeep, including maintenance, repairs, insurance, garaging, time cost of money, etc etc etc, will eat up any potential profit, probably 5 times over.
Bottom line, if you want a car to enjoy, however you enjoy it, be it as daily driver, garage queen, or even a car that you don't drive at all -- more power to you. Expenses for hobbies and passions do not need to be justified, if you can afford them and if they bring you enjoyment without hurting others -- great.
Just don't try to justify the purchase of an automobile as an "investment," e.g. "prices of 996 Turbos are heading up!!!"
One might fool one's self with that sort of logic, but it is really completely fanciful.
05-23-2017, 07:08 PM
#28
I would still be happy to sell my Lapis Blue/Natural Tan, 6 speed, 24500 miles for $65K! A car has come up for sale in a private collection that I have been after for years!
05-23-2017, 07:29 PM
#29
Hell, you could pick up a driver-quality SC Targa with the price difference... How cool is that.
05-23-2017, 07:38 PM
#30
Rennlist Member
The best rule of thumb for pricing the 996tt is to only use "what you can afford to not only buy, but to keep serviced." And the worst thing you can do to a car is not drive it.