Will the 997's depreciate as badly as the 996?
 

Seeing how ridiculous the 996's values are, got me wondering if ours will follow the same fate? Can we expect our cars to be worth $20k in a few years?

My 09 stickered at $83K.

I paid $62K new.

I imagine next year it will be worth less than $62K.

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Almost all cars are are worth less over time.

Average vehicle loses 50% in 3 years.

Bottom line - enjoy the car.

Other option is to put $ in a CD (2% interest) or the market (which has the potential to be worth less than 50% in3 years) - both of these options are less fun than driving the Porsche.

Ideally, the $ tied up in the car should be expendable $.

I think not. The 996 has been considered the redheaded stepchild 911 since it came out. The 997 is a terrific car. With VW at the helm, the 911 will be pushed to new directions. The 997 is the last true Porsche.

Edgy

Come on - this is not the end of Porsche, but I agree with the 996 being the redheaded step child. I don't think the 997 looks dated compared to the 996, which to me was crap from the beginning.

That's funny. 996 styling is not my cup of tea. I use to have one. But, it was love at first sight with my 997.

Well, you can already buy 2005 base cars for mid 30s... The early 996s that are in the 20s are 9 to 10 years old. Yes, in my opinion, this is what you will find. It's relatively simple. Supply and demand. When Porsche made a few thousand cars a year there were always more people wanting them than cars available. With 200,000 cars a year - yes, that's 1 Million Porsches (all models together) over 5 years, there is NOTHING that warrants a premium for used cars... They are great cars but there is absolutely nothing exclusive about them anymore... Turbos from the 80s are still worth high 30s. Turbos that are 2 years old have already depreciated 40 grand... You do the math.

Besides the dated interiors of the 996's , the 996 had some real trouble with IMS issues and engine failures. These issues have bothered the 997 much less and the interior was a huge improvement. The added 997.2 was only really an engine update. I would think the 997 holds its value pretty well. However, like all cars, they only go down. Question is, how much and how fast. Obviously, the last year really killed values. You need to believe in a pretty serious rebound in the economy for Porsche prises to firm.

Yes, I think they will and already have. There is nothing to indicate that the 997 will not depreciate in a similar manner as the 996.

A quick check on AutoTrader shows 100+ 2005 997 Coupes (excluding the GT3) listed from $34K to $69K, with the average being $49K. A similar search on AutoTrader shows 70+ 996 Coupes (excluding the GT3) ranging from $$27K to $69K with an average of $48K. I realize these are "asking" prices and this is not a statistically valid sampling, but it shows the relative "value" of the 996 and 997.

IMO, there is nothing uniquely "special" about the 997 that will keep it from depreciating like most "series" of 911s. Just one man's opinion.

Given the lack of serious quality issues emerging unlike those on the 996 (RMS) I think the pricing on 997s has already taken the last serious hit. There is an occasional report of failed IMS however the occurrences are nothing like what is seen on 996 cars. Additionally it doesn't look like a boxster/boxster coupe since it has the more traditional headlamps.

I think overproduction by Porsche leading to the deep discounting on new cars is largely to blame for the huge fall in prices.

There appears to be a number of variables contributing to a significant decline in the value-over production, economy, and perception issues (rich banker syndrome). It has/will continue to decline to whatever the market dictates. In 20 years they may go the other way and be worth more. In-the-mean-time, I will enjoy the crap out of my car and not give a rats arse about depreciation.

The 997 doesn't have the ugly stepchild problem that the 996 does.

It depends on what Porsche does with the next 911. It is certainly possible that they could go in the wrong direction such as what we see with the so-called spy shots that resemble a Mitsubishi Eclipse, or perhaps switch to an engine position that isn't so far aft. It's possible.

Also look at it this way. Ferrari wasn't obscenely priced back when the 328 was the current model. The current models now are well up there as far as new model pricing goes. It could be with global demand that Porsche continually raises prices and becomes more Ferrari-like with pricing in a few years. If so, a lot of people won't be reaching for those and it could help slow down some of the depreciation of the 997's compared to the fate of 996's.

A $20K 996 is 10 years old. Of course the 997 will go the same way. Just wait until the new variant comes out and the 997 reaches a decade old......it will absolutely end up in the same ballpark. Enconomics. Supply and demand.

Sorry guys, but there is nothing particularly "special" about the 997 (says a 996 guy, I know) that will keep the value up in years to come. Is it an improvement over the 996? Of course! Is it breakthrough/radical....absolutely not. $34K cars available today and 5 years to go before the decade.....$20s aren't far away guys.

Nah... if 997's are in the $20's then 996's will be in the teens, and most people who can afford a car in the teens could pay up for one in the $20's that isn't so ugly, both inside and out! :evilgrin:

Wait until you see what VW has in store for the 911! Production number increases! And you thought they were cranking out the 996 and 997!

allocations are down for next year as production was cut. we've seen a ton of used 997s hit the market as they came of lease and were sold due to economic stress but much of the price reduction has stabilzed or come back a bit.

supply way, way up, and demand way down, drove prices down. as well, the delta between new and late model cars has driven resale values down with $20k off new 997s readily available...

i would guess used 997s will stabilize if they have not already