997 Depreciation compared to 996?
#61
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Originally Posted by blk on blk
If the 996 was so undesireable how come it sold the most units? Seems to be slightly contradictory. That said I prefer the 997 appearance wise, but there is not denying the 996 was highly desireable. It may not be the best looking 911 ever built, but there is no denying the success that car was/is.
#62
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Originally Posted by rcg412
Only two people OCBen and Alan Smithee are convinced that their 997s wont depreciate like 996s. Seems everyone else understands porsches depreciate, and 996s and 997s are mass-produced cars, not the limited supply 993s of yore... If that gets them off - so be it.
I'm not denying both models will depreciate similarly. All I'm saying is that a 10 yr old 997 will likely be more desirable than an 11 yr old 996, even if the latter had more options and had a higher MSRP than the 997. And that's all I've ever said here.
I don't see why you're getting off on wasting your time trying to make a point that is based on pure speculation and not on facts. Like I said, time will tell. Until then why waste it on frivolous speculation?
#63
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Originally Posted by rcg412
Only two people OCBen and Alan Smithee are convinced that their 997s wont depreciate like 996s. Seems everyone else understands porsches depreciate, and 996s and 997s are mass-produced cars, not the limited supply 993s of yore... If that gets them off - so be it.
All other things being equal:
A 1978 911SC is worth more than a 1977 911S
A 1995 993 is worth more than a 1994 964
Over time, a 2005 997 will be worth more than a 2004 996
I don't know why it's so hard for you to accept this.
And the 993 was never in limited supply as a new car.
#64
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Originally Posted by Alan Smithee
..A 1978 911SC is worth more than a 1977 911S...A 1995 993 is worth more than a 1994 964
...
...
#65
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Originally Posted by Alan Smithee
*sigh* You either didn't read my posts (see #48), or you're just trying to be argumentative.
All other things being equal:
A 1978 911SC is worth more than a 1977 911S
A 1995 993 is worth more than a 1994 964
Over time, a 2005 997 will be worth more than a 2004 996
I don't know why it's so hard for you to accept this.
And the 993 was never in limited supply as a new car.
All other things being equal:
A 1978 911SC is worth more than a 1977 911S
A 1995 993 is worth more than a 1994 964
Over time, a 2005 997 will be worth more than a 2004 996
I don't know why it's so hard for you to accept this.
And the 993 was never in limited supply as a new car.
#66
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i say we put this argument to rest for now and revisit it in about 10 years..... where the available data will substantiate the claims made forth........No argument there... just acceptance... i say if you love your 996 go with that, if you love your 997 go with that..... this argument is frivolous..... we all love porsche.... isn't that enough for now......?
#67
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Originally Posted by Porsche_Smile
i say we put this argument to rest for now and revisit it in about 10 years..... where the available data will substantiate the claims made forth........No argument there... just acceptance... i say if you love your 996 go with that, if you love your 997 go with that..... this argument is frivolous..... we all love porsche.... isn't that enough for now......?
#69
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1989 Carreras are worth more than 1990 964s - why? early 964s had cylinder head sealing problems, more people seem to prefer the clean styling of the Carrera vs. the chunky cladding of the 964, and the Carrera also seems to have the mystique of the "last of the handbuilt 911s" whether true or not
1998 993s are worth more than 1999 996s - why? as mentioned before the mystique of the last air cooled 911, the attractive body style of the 993 and the fact that 996s are a little bland on the styling front (especially the nose)
I have a 1988 944 turbo and a 2006 997S. I didn't buy either as an investment, I bought the 944 turbo as a very balanced and more forgiving track car and the 997S cause I love the way it looks and wanted to treat myself to a nice daily driver in fair weather. But I sure do wish I bought every clean 1970-1973 911 T, E or S I could have gotten my hands on 5 years ago and I wish I never sold my very original 1970 GTO with Ram Air 3 and M21 4 speed!!
1998 993s are worth more than 1999 996s - why? as mentioned before the mystique of the last air cooled 911, the attractive body style of the 993 and the fact that 996s are a little bland on the styling front (especially the nose)
I have a 1988 944 turbo and a 2006 997S. I didn't buy either as an investment, I bought the 944 turbo as a very balanced and more forgiving track car and the 997S cause I love the way it looks and wanted to treat myself to a nice daily driver in fair weather. But I sure do wish I bought every clean 1970-1973 911 T, E or S I could have gotten my hands on 5 years ago and I wish I never sold my very original 1970 GTO with Ram Air 3 and M21 4 speed!!
#70
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man.... what a list..... that would've been sweet to keep .... 1970 GTO........ some of the GTO's back when are worth like 14-15 million...... what the hell? i bet none of the 997s will hit that mark.......
#71
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A factor to consider is what price Porsche will ask for these new improvements we are hearing about on the "refreshed" 997.
No doubt it will increase in price and at some point that will drive away some of the marginal purchasers, whose only option will be a late model used Pcar, which would tend to raise their value somewhat.
I think the 997 will hold its value better than 996, but I warn you I have been wrong in the past! One time I thought I had made a mistake, but I was wrong!
No doubt it will increase in price and at some point that will drive away some of the marginal purchasers, whose only option will be a late model used Pcar, which would tend to raise their value somewhat.
I think the 997 will hold its value better than 996, but I warn you I have been wrong in the past! One time I thought I had made a mistake, but I was wrong!
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#72
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Originally Posted by stubenhocker
...but I warn you I have been wrong in the past! One time I thought I had made a mistake, but I was wrong! ![thumbsup](https://rennlist.com/forums/graemlins/bigok.gif)
![thumbsup](https://rennlist.com/forums/graemlins/bigok.gif)
Hey Brother,
You're trying to say that when you think you're right, you're actually wrong. And when you're wrong, you're actually right?!?!?!?
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![ooops](https://rennlist.com/forums/graemlins/icon501.gif)
![nono](https://rennlist.com/forums/graemlins/nono.gif)
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#73
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Having owned 7 Porsches over the years and having sold 6 of them various ways, all I can say is that when you go to sell you will find the real selling price. From my fiirst 1970 911T to the 2000 996, it seemed that trying to get in cash what everyone said the car was worth, was always a major challenge.
Porsche owners seem to like to fool themselves into thinking these cars are always worth much more than they really are. Just read the classified in the NY Times. I managed to drive a Boxster for a year with 20000 miles added and only lose $500, but that is generally the exception. It all boils down to supply and demand.
The first big hit of 997's coming off lease is just beginning. When the market gets flooded with lots of them, watch the prices drop. Right now there are not a lot of 997's on the market since most leases are 3 years. A used 997 will get top dollar right now because there are so few comparatively.
996's meanwhile are showing up in ever greater numbers as warranties run out. Watch what that does to the resale price. Remember that right now most 997's are still on warranty. Try and get top dollar for a Porsche without a warranty. Prices on 997 will do their big drop over the next few years, just as 996's did when their leases and warranties started running out.
In the end we are driving cars that do in fact depreicate and they depreciate a lot when you look at as cash. But we love the cars and take our lumps in the wallet.
Porsche owners seem to like to fool themselves into thinking these cars are always worth much more than they really are. Just read the classified in the NY Times. I managed to drive a Boxster for a year with 20000 miles added and only lose $500, but that is generally the exception. It all boils down to supply and demand.
The first big hit of 997's coming off lease is just beginning. When the market gets flooded with lots of them, watch the prices drop. Right now there are not a lot of 997's on the market since most leases are 3 years. A used 997 will get top dollar right now because there are so few comparatively.
996's meanwhile are showing up in ever greater numbers as warranties run out. Watch what that does to the resale price. Remember that right now most 997's are still on warranty. Try and get top dollar for a Porsche without a warranty. Prices on 997 will do their big drop over the next few years, just as 996's did when their leases and warranties started running out.
In the end we are driving cars that do in fact depreicate and they depreciate a lot when you look at as cash. But we love the cars and take our lumps in the wallet.
#74
Three Wheelin'
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i absolutely agree with your first two paragraphs but the third one i disagree with. there are PLENTY of 997's to choose from and the prices are dropping and have dropped. there are 1yr old cars that are selling $15k++ below their msrp of a year ago. top dollar? i don't think so. seeing too many cars both on this board/6speed/ebay that are actually trading for much less than the original offer.
regards
regards
Originally Posted by rmillnj
Having owned 7 Porsches over the years and having sold 6 of them various ways, all I can say is that when you go to sell you will find the real selling price. From my fiirst 1970 911T to the 2000 996, it seemed that trying to get in cash what everyone said the car was worth, was always a major challenge.
Porsche owners seem to like to fool themselves into thinking these cars are always worth much more than they really are. Just read the classified in the NY Times. I managed to drive a Boxster for a year with 20000 miles added and only lose $500, but that is generally the exception. It all boils down to supply and demand.
The first big hit of 997's coming off lease is just beginning. When the market gets flooded with lots of them, watch the prices drop. Right now there are not a lot of 997's on the market since most leases are 3 years. A used 997 will get top dollar right now because there are so few comparatively.
Porsche owners seem to like to fool themselves into thinking these cars are always worth much more than they really are. Just read the classified in the NY Times. I managed to drive a Boxster for a year with 20000 miles added and only lose $500, but that is generally the exception. It all boils down to supply and demand.
The first big hit of 997's coming off lease is just beginning. When the market gets flooded with lots of them, watch the prices drop. Right now there are not a lot of 997's on the market since most leases are 3 years. A used 997 will get top dollar right now because there are so few comparatively.
Last edited by oalvarez; 04-13-2007 at 04:41 PM.
#75
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Originally Posted by Alan Smithee
Not really...if used demand is stronger than the 996 for the reasons stated (and supply is assumed equal), values will be higher. That's how "simple econ 101" works.
When 997s are cheap enough I will probably be in the market for one but only if I grow tired of my 993. I already have a daily driver so its all about a fun weekend toy for me. Newer car and better performance is only a part of the equation. Fun factor is #1.