Age vs. Mileage
02-13-2013, 09:44 AM
#16
Racer
Except where do you stop...
Everyone always stretches there budget but there is a point at which you just can't stretch it anymore. So for me the initial aim point was for a Boxster S or a 996. Because of the age of my children (4 and 6) we decided that a 911 was probably better than a Boxster as we would be able to use it more. A good 996 was the same price as a low 997. The 997 was in my opinion a better looking car so decided to push for it. Then I decided I needed to buy a good one so the budget went up a bit more to accommodate it. At this point we are already in the 15 to 20k more than budget area. Now while I agree a 09 is a more reliable option than the 07 I went for the extra 15 - 20 wasn't going to fit into my already pushed budget. I put the after market warranty on it so I know I am good for the next three years.
Some people say you should wait and I see there point it basically what I have done myself until this year. But the other side of the argument is just buy what you can afford now and enjoy it. So while a 997.2 is probably the better car my 997.1 is in my opinion 99% of the 997.2 and whole heap better than the alternative which is another 2 or 3 years without a Porsche. I like I am sure the rest of you don't know what the future holds, there is every possibility that your financial position is somehow compromised in the future or you are hit by a bus. So just for once live for today rather than for the future.
Everyone always stretches there budget but there is a point at which you just can't stretch it anymore. So for me the initial aim point was for a Boxster S or a 996. Because of the age of my children (4 and 6) we decided that a 911 was probably better than a Boxster as we would be able to use it more. A good 996 was the same price as a low 997. The 997 was in my opinion a better looking car so decided to push for it. Then I decided I needed to buy a good one so the budget went up a bit more to accommodate it. At this point we are already in the 15 to 20k more than budget area. Now while I agree a 09 is a more reliable option than the 07 I went for the extra 15 - 20 wasn't going to fit into my already pushed budget. I put the after market warranty on it so I know I am good for the next three years.
Some people say you should wait and I see there point it basically what I have done myself until this year. But the other side of the argument is just buy what you can afford now and enjoy it. So while a 997.2 is probably the better car my 997.1 is in my opinion 99% of the 997.2 and whole heap better than the alternative which is another 2 or 3 years without a Porsche. I like I am sure the rest of you don't know what the future holds, there is every possibility that your financial position is somehow compromised in the future or you are hit by a bus. So just for once live for today rather than for the future.
02-13-2013, 12:52 PM
#19
I agree with the above post, sometimes today might be the only day. You never hear anyone say "I shouldn't have bought my dream car". Don't break the bank but understand we are all here only once. I know that this might be too deep for the original topic, but get what you feel is important .1-.2 and enjoy life, like the rest of us 997'ers.
02-13-2013, 03:01 PM
#20
Instructor
You guys are FAR too worried about depreciation!!!
How about some good ole fashioned APPRECIATION! Like- drive it like you stole it!!
Invest in fun and experience and stop worrying about how much you'll get back when you sell the thing. Lighten up!!!! Life is too short for this depreciation nonsense. These cars are not meant to be great financial investments...so, the point is.... moot.
How about some good ole fashioned APPRECIATION! Like- drive it like you stole it!!
Invest in fun and experience and stop worrying about how much you'll get back when you sell the thing. Lighten up!!!! Life is too short for this depreciation nonsense. These cars are not meant to be great financial investments...so, the point is.... moot.
02-13-2013, 03:24 PM
#21
Nordschleife Master
these things are not an investment
they're cars, and they depreciate
if you're on a budget, look at what is in your budget - my first 911 left my hands with 178K on the odometer (in other words, they're pretty well made cars) - if you're worrying about potential failures (and the costs thereof), consider somthing else perhaps
they're cars, and they depreciate
if you're on a budget, look at what is in your budget - my first 911 left my hands with 178K on the odometer (in other words, they're pretty well made cars) - if you're worrying about potential failures (and the costs thereof), consider somthing else perhaps
02-13-2013, 04:16 PM
#22
I'm a 996.2 er and I jumped over to see the type of issues/topics are being addressed on the 997 forum. I must say the talk is different here - I'm with LewisB......drive the damn things. They're fun and they depreciate. Keep it a long time and enjoy it......and buy the best one you can, according to you and no one else.
02-13-2013, 04:41 PM
#23
Rennlist Member
Dumped my 997.1 after 18 months because I wanted a PDK and a PCM that could actually be used. Added bonus are cool headlights that swivel and those snotty little DRL's that don't scream aftermarket.
Have never thought twice about the extra $, depreciation, or whatever especially in sport mode when I punched the gas to get the airport on time this morning. Yep, ski rack and all. See you in Tahoe!
Have never thought twice about the extra $, depreciation, or whatever especially in sport mode when I punched the gas to get the airport on time this morning. Yep, ski rack and all. See you in Tahoe!
Last edited by Mark Harris; 02-13-2013 at 05:57 PM.
02-13-2013, 05:56 PM
#24
I think if this is the car your lusting after, go for it.
If its not CPO, then work an aftermarket warranty into the deal.
I found a 2006 S with 11,500 miles. I thought to myself, that the mileage was low, and I'd end up having issues probably. But the car had the color, and options that I would have ordered back in 2006 if I had bought it new, so that sealed the deal. Plus is still smells new inside!
I paid $3600 for a comprehensive, "exclusionary" type of warranty that covers everything I'd ever be concerned about for the next 5 years or 60k miles, and its a transferable warranty as well. I may drive the car about 7k miles a year, tops. So in a year or two, hopefully the low miles and mint condition will help keep depreciation under control.
Because of this, and after a thorough inspection by me, including seeing the car's history, I pulled the trigger without a PPI. If anything goes wrong, the warranty will cover it.
I did prefer the 997.2 because of the 385 HP DFI motor, but for the difference in coin, I was able to get an entry level Porsche at a great price with the 06 S, knowing that in the future I'd rather just step up to a 997 TT anyway, once the itch becomes impossible to quench. So for now, the 997.1 won't depreciate as quickly ( in theory) as the .2 car, allowing me more equity toward the 997 TT when I'm ready.
The 997.1's are nice cars though, no question about it. Hard to justify the extra $ for a .2 for some of us, as they're both so competent cars.
If its not CPO, then work an aftermarket warranty into the deal.
I found a 2006 S with 11,500 miles. I thought to myself, that the mileage was low, and I'd end up having issues probably. But the car had the color, and options that I would have ordered back in 2006 if I had bought it new, so that sealed the deal. Plus is still smells new inside!
I paid $3600 for a comprehensive, "exclusionary" type of warranty that covers everything I'd ever be concerned about for the next 5 years or 60k miles, and its a transferable warranty as well. I may drive the car about 7k miles a year, tops. So in a year or two, hopefully the low miles and mint condition will help keep depreciation under control.
Because of this, and after a thorough inspection by me, including seeing the car's history, I pulled the trigger without a PPI. If anything goes wrong, the warranty will cover it.
I did prefer the 997.2 because of the 385 HP DFI motor, but for the difference in coin, I was able to get an entry level Porsche at a great price with the 06 S, knowing that in the future I'd rather just step up to a 997 TT anyway, once the itch becomes impossible to quench. So for now, the 997.1 won't depreciate as quickly ( in theory) as the .2 car, allowing me more equity toward the 997 TT when I'm ready.
The 997.1's are nice cars though, no question about it. Hard to justify the extra $ for a .2 for some of us, as they're both so competent cars.
After they have your dough, they don't worry about you!
I would never do any warranty but CPO.
02-14-2013, 04:06 PM
#25
Rennlist Member
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I notice that there are a lot of 911s with low mileage as they are likely being used as secondary cars. I am fairly wary of these cars as I know that some major issues don't show up until 20-30K in (casting and porous block issues) and 911s do not like to sit for extended periods of time.
I'll take a crack at your specific questions :
Anyways, I am looking for opinions on buying a 2006 911S with 17K miles, service solely by the dealer.
1. What type of routine maintenance should I expect annually?
1. What type of routine maintenance should I expect annually?
2. What maintenance should I perform immediately upon purchase?
I might go ahead and do some of the 50k mile checks just because of the age; stuff like serpentine belt, coolant cap. Really these cars don't have a lot of problems.
3. Anything specific to watch out for (M97 motor)?
4. Is it worth it to spend another $15K and get a 2009 911S with 40K (besides the extra hp)?
02-15-2013, 02:55 PM
#26
You guys are FAR too worried about depreciation!!!
How about some good ole fashioned APPRECIATION! Like- drive it like you stole it!!
Invest in fun and experience and stop worrying about how much you'll get back when you sell the thing. Lighten up!!!! Life is too short for this depreciation nonsense. These cars are not meant to be great financial investments...so, the point is.... moot.
How about some good ole fashioned APPRECIATION! Like- drive it like you stole it!!
Invest in fun and experience and stop worrying about how much you'll get back when you sell the thing. Lighten up!!!! Life is too short for this depreciation nonsense. These cars are not meant to be great financial investments...so, the point is.... moot.
02-18-2013, 06:13 PM
#28
Intermediate
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I've noticed that there are 2 camps with regards to buying pre owned 911's. One camp is okay with doing their diligence and research and buying what they perceive to be the best car for the dollar, CPO or not. The other camp who buys pre owned 911's seem to find solace in the fact that their car is a CPO, and place the highest value on that item above all else. I agree that CPO is the best option IF available at time of purchase. Sometimes you can find a great CPO car at your price point, sometimes you can't. Depending on where you live, the inventory of late model 997's may not be that high, so this limits options somewhat for certain folks.
In terms of depreciation, I like the comments posted here. I am one who sometimes thinks about that too much, and it does detract from enjoyment of ownership. I need to just focus on enjoying the car. Too bad we've had over 30" of snow here in the last 10 days!!!!
02-19-2013, 06:46 PM
#29
Racer
^^^ Good observations. If one could get a sufficient number of good, actual selling price data, original sticker price data, and matching mileage data, all for a specific recent period of time, it would be interesting to run a multiple regression and see if it's possible to get statistically valid results. I did something like this when I was shopping for my car, but I could not get actual sales data, only asking price data. It's not quite the same thing.
