eunsulover

Porsche has been known to hold values quite well (look at 911/964/993). The abundance of 996 in the market, however, has caused the used car market of 996 to be unfavorable. It is truly amazing to see many 996 C2s in mid-$20K range.

What do you think about the used 997 market??

RonCT

Well, as a 997S owner I don't think anything about the resale markets. I bought the car I want, plan to keep it for many years. Whether the paper value holds or drops is irrelevant to my enjoyment of the car.

I will say I got 9.3% off MSRP on an ordered 2007 car, which put it in the same general price range of a used 2006 at the time - so it was an easy decision.

Edgy01

Depreciation of Porsche automobiles or appreciation of Porsche automobiles. Which concerns you the most? I think they're mutually exclusive. Many people think more about the economics of buying a Porsche than the pure experience of owning one. Which are you? The accountant? Or the enthusiast? For every year taht Porsches have been made they were always more expensive than a reasonable car. Always. What can we do about it? Porsche AG is on a campaign today of making as many as there is a demand for, unlike Ferrari which builds 5 less than the demand. Porsche is making the 997 with two shifts working a day. There is considerable demand for these cars,--globally. As a result, there will be many of these cars around in the future. Much as many don't want to be reminded, the 996 and the Cayenne have been two of the most successful Porsches ever made.

Alan Smithee

Desireable 911s have historically skipped generations, the 996 being a low point between the 993 and 997. I foresee the 997 holding its value much better than the 996, regardless of sales volume.

rcg412

Where do you get this crap? Its a mass produced car... the 997 is going to depreciate just like the 996.

Alan Smithee

I didn't say it was going to appreciate...I said it would hold its value better than the 996. Where do I "get this crap", as you so rudely put it? I stated it as my opinion for the following reasons: (1) It's universally heralded as superior in terms of design, performance, and reliability, (2) even with the improvements, the price new did not increase, and (3) a look at the current used market shows that resale is indeed strong.

Edit: Just noticed in your profile that you're a 996 owner. No wonder the sour grapes.

2ndof2

There are very few cars that won't depreciate. 997, 996 are not among those few.

The fact that far less 928's were built compared with 996s or 997s did not save them from a disgraceful plummet in values. Demand was the issue.

The more 997s that roll off the line the greater the chance of value dropping because demand is being satisfied. Simple Econ 101.

I thought that buying a 993 that was 7 years old would have already experienced the bulk of its depreciation given what seemed like strong demand for a car no longer being built. Trouble is most 993 owners eventually wound up putting their cars on the market to probably buy a newer porsche. Guess what that lower demand has done and is doing to 993 prices? Same will happen to the 997s except there will be alot more of them hitting the market at the same time. Just hope for steady wage increases in the economy and greater world population that desires used 997's and maybe prices won't totally implode on you. I'm looking forward to the big drop so I can pick one up cheap in a couple of years when my 993 is getting a little long in the tooth.

nkhalidi

I think RCG means the 997 will depreciate at the same rate as the 996, and that there's no objective evidence to the contrary. Correct me if I'm wrong, RCG.

Just because magazines commend the 997 as a strong evolutionary step from the 996 doesn't mean 997 owners all have instant classics in our garages. I think a lot of the reason the 993 holds values so well is the - warranted or unwarranted - romance and mystique surrounding its air-cooled motor.

rcg412

Haha - it doesnt matter if I had a 996, 993, 356 or whatever. Your comment was clearly made to make you feel better about your car, as evidenced that you have a more "desirable" model.

Why would I be sour about owning a 996? I love the car.

Leader

I've always had the feeling that the 996's close resemblance to the 986 (front view) played a role in its less-than-stellar resale prices.

Perhaps the facelift of the 997 may help its value as the years go by.

Even with the 987's restyle, the Carrera and Boxster are not as close as were the 996 and 986.

(How come there's so much "contention" on this Forum lately?)

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.

rcg412

You are correct - the 997 will depreciate at the same rate as the 996.

OCBen

And the reason why demand for the 997 will likely be higher than for the 996 is probably summed up here:


Are you just making a clarification of your previously stated opinion, as there is really no sound basis to support your position compared to the valid reasons stated by Smithee and Leader to support theirs?

MrBonus

Perhaps I'm a bit jaded by my 997-colored glasses but I think demand for the 997 will be higher simply because it has brought back a portion of the audience it had previously alienated by the 996's departure from the classic 911 design.

rcg412

no - i was clarifying per nkhalidis post. My point is quite clear, 996s and 997s are mass produced at levels never seen before in Porsches history - as a result, they should depreciate similairly. Leader has a valid point - but I would argue the differences would be negligible.