Notices
997 Forum 2005-2012
Sponsored by:
Sponsored by:

997 Depreciation compared to 996?

Thread Tools
 
Search this Thread
 
Old 04-12-2007, 01:33 PM
  #61  
rcg412
Rennlist Member
 
rcg412's Avatar
 
Join Date: Sep 2005
Location: Back-Country Greenwich, CT
Posts: 1,815
Received 122 Likes on 81 Posts
Default

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.
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.
Old 04-12-2007, 01:45 PM
  #62  
OCBen
Banned
 
OCBen's Avatar
 
Join Date: Feb 2005
Location: Back in the OC
Posts: 15,022
Likes: 0
Received 12 Likes on 12 Posts
Default

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 see you've completely missed the point.

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?
Old 04-12-2007, 02:14 PM
  #63  
Alan Smithee
Rennlist Member
 
Alan Smithee's Avatar
 
Join Date: Feb 2004
Location: Los Angeles
Posts: 5,299
Received 298 Likes on 147 Posts
Default

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.
*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.
Old 04-12-2007, 04:28 PM
  #64  
Mike Murphy
Rennlist Member
 
Mike Murphy's Avatar
 
Join Date: Aug 2006
Location: Chicago, IL
Posts: 8,964
Received 1,744 Likes on 1,084 Posts
Default

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
...
This is news to me, I did not know this. How much of a difference are we talking about in terms of percentage or dollar amount between the two?
Old 04-12-2007, 04:30 PM
  #65  
MrBonus
Three Wheelin'
 
MrBonus's Avatar
 
Join Date: Sep 2004
Location: Delaware
Posts: 1,796
Received 14 Likes on 6 Posts
Default

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.
No, just limited in demand.
Old 04-12-2007, 05:50 PM
  #66  
Porsche_Smile
Three Wheelin'
 
Porsche_Smile's Avatar
 
Join Date: Nov 2006
Posts: 1,894
Likes: 0
Received 0 Likes on 0 Posts
Default

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......?
Old 04-12-2007, 06:20 PM
  #67  
MrBonus
Three Wheelin'
 
MrBonus's Avatar
 
Join Date: Sep 2004
Location: Delaware
Posts: 1,796
Received 14 Likes on 6 Posts
Default

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......?
I enjoy a pointless argument based on loose precedent and conjecture.
Old 04-12-2007, 06:45 PM
  #68  
Porsche_Smile
Three Wheelin'
 
Porsche_Smile's Avatar
 
Join Date: Nov 2006
Posts: 1,894
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by MrBonus
I enjoy a pointless argument based on loose precedent and conjecture.
well then........let the fireworks continue..........

Old 04-12-2007, 11:40 PM
  #69  
Corky Rodriguez
Advanced
 
Corky Rodriguez's Avatar
 
Join Date: Nov 2003
Posts: 53
Received 7 Likes on 2 Posts
Default

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!!
Old 04-13-2007, 12:01 AM
  #70  
Porsche_Smile
Three Wheelin'
 
Porsche_Smile's Avatar
 
Join Date: Nov 2006
Posts: 1,894
Likes: 0
Received 0 Likes on 0 Posts
Default

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.......
Old 04-13-2007, 12:30 PM
  #71  
stubenhocker
Racer
 
stubenhocker's Avatar
 
Join Date: Oct 2004
Posts: 499
Likes: 0
Received 1 Like on 1 Post
Default

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!
Old 04-13-2007, 12:54 PM
  #72  
Targa Tim
Rennlist Member
 
Targa Tim's Avatar
 
Join Date: Aug 2003
Location: Canada
Posts: 2,878
Received 81 Likes on 32 Posts
Default

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!

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?!?!?!?
Old 04-13-2007, 02:36 PM
  #73  
rmillnj
Racer
 
rmillnj's Avatar
 
Join Date: Jan 2004
Posts: 385
Likes: 0
Received 0 Likes on 0 Posts
Default

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.
Old 04-13-2007, 03:31 PM
  #74  
oalvarez
Three Wheelin'
 
oalvarez's Avatar
 
Join Date: Jan 2004
Location: los angeles
Posts: 1,341
Received 54 Likes on 37 Posts
Default

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

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.

Last edited by oalvarez; 04-13-2007 at 04:41 PM.
Old 04-13-2007, 03:47 PM
  #75  
2ndof2
Three Wheelin'
 
2ndof2's Avatar
 
Join Date: Sep 2003
Location: Westlake Village, CA
Posts: 1,915
Received 6 Likes on 6 Posts
Default

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.
I agree with you on that point relative to 996's but I was actually referring to the price of 997's in general. The topic asks for prices relative to 996's so in that context you are definately right. Not only that, but the 997 is newer and that means with inflation etc. you are probably starting from a higher price point to begin with anyway.

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.


Quick Reply: 997 Depreciation compared to 996?



All times are GMT -3. The time now is 12:33 PM.