997.2 Pricing
#1
Pro
Thread Starter
997.2 Pricing
Is it me or are the 997.2’s going up in price? I have a 2009 Carrera S 28,000 miles and on various sites they are asking $50,000 - $65,000. I originally bought mine January 2010 new 0 miles from a Porsche dealer in New Hampshire when market was down and had it shipped out. Paid $77,000.
#2
Three Wheelin'
Holy smokes. Considering inflation and the miles you've added.. youve more or less made a few bucks or at very least broken even owning the car the last 9 years. That's a success story if ever there could be one for buying a standard 911!
#3
Prices are always the highest in the spring going into the summer. However I do think the 997 depreciation curve is flattening out.
#4
Pro
Thread Starter
I always look throughout the country for cars. Bought wife’s Q7 in Colorado at $10,000 off now they want to sell me a Q8 a discount way below what I’m being offered in California. Plus I enjoy spending time searching as long in the end i win.
#5
Nordschleife Master
Offers ranged from $48,000 from a private individual to $55,000 trade in from a dealer without even knowing what I would be buying from them to $65,000 from another two private buyers (with no money). When first listed, two Rennlist members thought my car with the options included at the initial list price of $69,000 was a steal so you can see how this whole thing about the depreciation curve can get complicated unless you're dealing with a bone stock car, no history no matter how insignificant and no upgrades even if it's some of the most expensive OEM Porsche upgrades available. Some people just don't like upgrades, even if they're OEM and no matter what the price.
#6
appeal of bone stock.
I can see why as a seller it is frustrating. I think when your car is upgraded and cared for diligently it definitely hurts when you get lowball offers, etc.
I think the appeal factor of bone stock cars is that they are untouched, unblemished and any prospective buyer then has the opportunity to mold the car as he or she wants and also
if they ever want to resell the car, it would appeal to many buyers. As the years go by and people mod the cars, the bone stock cars with low miles become more rare and therefore prices naturally inflate in an upward trend. I agree as the recent post states, the 997 deprecation curve has for the most part flattened and on an upward trajectory. These cars are simply beautiful and when compared to the 991s, the 997s with its shorter wheelbase and analog feel are just amazing cars.
I guess the moral is if you have a bone stock car to keep it that way if you have hopes of resale, to keep it bone stock and low miles.
I think the appeal factor of bone stock cars is that they are untouched, unblemished and any prospective buyer then has the opportunity to mold the car as he or she wants and also
if they ever want to resell the car, it would appeal to many buyers. As the years go by and people mod the cars, the bone stock cars with low miles become more rare and therefore prices naturally inflate in an upward trend. I agree as the recent post states, the 997 deprecation curve has for the most part flattened and on an upward trajectory. These cars are simply beautiful and when compared to the 991s, the 997s with its shorter wheelbase and analog feel are just amazing cars.
I guess the moral is if you have a bone stock car to keep it that way if you have hopes of resale, to keep it bone stock and low miles.
I agree on bone stock no stories C2's, C2S's, C4's and C4S's. With others, some variables need to be applied. As stated in other threads I just took my 2011 GTS (62,000 miles) off the market after a totally chaotic period for sale. The "history" ? A replaced rear bumper that does not show up on Carfax. After market wheels (not the cheap ones) , H&R lowering springs and OEM GT2 carbon fiber bucket seats. Dealership PPI, Carfax and original build sheet supplied to anyone who inquired. Also have 5 years worth of maint./service records.
Offers ranged from $48,000 from a private individual to $55,000 trade in from a dealer without even knowing what I would be buying from them to $65,000 from another two private buyers (with no money). When first listed, two Rennlist members thought my car with the options included at the initial list price of $69,000 was a steal so you can see how this whole thing about the depreciation curve can get complicated unless you're dealing with a bone stock car, no history no matter how insignificant and no upgrades even if it's some of the most expensive OEM Porsche upgrades available. Some people just don't like upgrades, even if they're OEM and no matter what the price.
Offers ranged from $48,000 from a private individual to $55,000 trade in from a dealer without even knowing what I would be buying from them to $65,000 from another two private buyers (with no money). When first listed, two Rennlist members thought my car with the options included at the initial list price of $69,000 was a steal so you can see how this whole thing about the depreciation curve can get complicated unless you're dealing with a bone stock car, no history no matter how insignificant and no upgrades even if it's some of the most expensive OEM Porsche upgrades available. Some people just don't like upgrades, even if they're OEM and no matter what the price.
#7
Rennlist Member
My 2009 C2S with full leather, 6MT and hardbacks is bone stock and staying that way. I'm 61 yrs young and will start to think about selling it in ~25 yrs. And there's the real issue with prices. Those that own them aren't selling
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#8
Pro
Thread Starter
True as to the few selling and with original owners of them that most likely adds to price. I had a messed up shoulder for over a year and at 61 also for me getting in and out was difficult. I thought at one point getting a Q8 S-Line but after having 997 detailed again that’s difficult to do.
Last edited by 91469972; 04-21-2019 at 08:23 PM.
#9
Burning Brakes
My C2S has the full Fabspeed intake and exhaust with cats and ECU tuner, plus an additional custom ECU tune. That's about $10k in extras that probably reduce the value of the car by $5k.
#10
#12
Burning Brakes
I would not be happy if the car wasn't quite the way I wanted and I had the means to improve it. Even if it's a car I don't plan to keep for very long. When i sell my C2S in a few months I fully expect to lose at least $10k and I'm OK with that.
#13
mods for short period?
Do you mod to enjoy and then flip into another ride after a certain time or just if you feel like getting into another car. I would think with mods that one would like to enjoy it for a period of time (at least a year).
#14
I agree on bone stock no stories C2's, C2S's, C4's and C4S's. With others, some variables need to be applied. As stated in other threads I just took my 2011 GTS (62,000 miles) off the market after a totally chaotic period for sale. The "history" ? A replaced rear bumper that does not show up on Carfax. After market wheels (not the cheap ones) , H&R lowering springs and OEM GT2 carbon fiber bucket seats. Dealership PPI, Carfax and original build sheet supplied to anyone who inquired. Also have 5 years worth of maint./service records.
Offers ranged from $48,000 from a private individual to $55,000 trade in from a dealer without even knowing what I would be buying from them to $65,000 from another two private buyers (with no money). When first listed, two Rennlist members thought my car with the options included at the initial list price of $69,000 was a steal so you can see how this whole thing about the depreciation curve can get complicated unless you're dealing with a bone stock car, no history no matter how insignificant and no upgrades even if it's some of the most expensive OEM Porsche upgrades available. Some people just don't like upgrades, even if they're OEM and no matter what the price.
Offers ranged from $48,000 from a private individual to $55,000 trade in from a dealer without even knowing what I would be buying from them to $65,000 from another two private buyers (with no money). When first listed, two Rennlist members thought my car with the options included at the initial list price of $69,000 was a steal so you can see how this whole thing about the depreciation curve can get complicated unless you're dealing with a bone stock car, no history no matter how insignificant and no upgrades even if it's some of the most expensive OEM Porsche upgrades available. Some people just don't like upgrades, even if they're OEM and no matter what the price.
Or, you could sell it with the parts, add something to the price (seller has to take it to stock and sell parts, and it being their problem, they are going to maybe give you 1/2 of what they could sell the parts for), so maybe an extra $6k? $59k sounds quite reasonable. It sounds like you had an offer close to that though. When I bought a 997 that was heavily modded, I made sure to take it back to stock before selling it. Selling the parts was a hassle, but it beat the other option of selling it for even less, with the aftermarket parts, and having to dump OEM parts (which nobody wants).
No offense, but people here aren't going to pay $65k,, not with the accident and high miles. Even no accident and high miles, I just don't see anyone paying that for an OEM PDK. Maybe someone who really wanted a manual, but even that seems iffy, given that most would prefer lower miles and would rather spend $10k more. The last couple private seller ones on the PCA have moved in the mid 70's for 25k mile type GTS cars. There was a really nice, super clean one in SF in silver for sale for a long time at $75k and 25,000 miles (PDK), and I was first in line for a CPO'd manual last spring at $72k (40,000 miles), so these aren't exactly unicorn dust.
You likely have still done quite well if you were like most here and bought your car 4 years ago when the GTS were selling for less than they are now. If you are out $15,000 for putting 50,000 miles on that car, you did exceptionally well!
#15
those are easy mods to reverse! I spent all of $400 to get my parts reversed, and it easily netted me $4k come resale time, plus the $3500 I netted on the extra parts. The OEM parts wouldn't have had any value on the resale market