those red interiors fit the old saying of good from far and far from good. . . I was initially attracted to the color but then thinking of getting into an interior that color everyday made that initial thought go away pretty quickly!!!!

Luckily for the seller that beauty is in the eye of the beholder.

 

If you’re looking for a PDK car, this seems pretty hot in today’s market:

https://www.carmax.com/car/19144756

 

Not for 997.2s unless we see macro economic changes which would devastate more than just the 997.2 market.

Here is an example of car purchasing habits during periods of horrible to hyper inflation which we may face now with all the money being printed. Wife is a Russian educated and Yale graduate investment banker. Her buddies from Novosibirsk University Specialty School (Russian's equivalent to MBA), all of whom are in financial industry in Russia, were all purchasing purchasing exotic and high end sports cars back around 2015sih (may be off a little) when Putin devalued currency to offset budget deficits caused by low oil prices. They were literally taking all of their life savings and buying Porsches, high end Mercedes, Ferraris and etc.

The Ruble was freefalling so bad they were putting their money into hard assets that were somewhat rare in Russia until the currency stabilized. Who knows, the same may happen here or it may get so bad no one even purchases cars. Only time will tell.

For us, we are off to Bali as soon as border opens back up to live in our hotel we just purchased there. Pretty much done with things here. There may be a bubble to burst here, but it ain't going to be limited to just cars or 997.2s.
.

 

148 people saved that car so far.

 

If on 911 number 1, it may not make sense. Porsche market in general does not make sense.

Specialty 911s in mint condition like this will continue to appreciate over time. 997.2 aero kits are not plentiful and not nearly as plentiful as 997.1 aero kits. They can be downright hard to find at times. Then, factor in only 3,100 miles and this car will appreciate over time in the present state.

Here are few examples I personally witnessed that demonstrate the Porsche market in general for the last 15 to 20 years.. In early 2000s, one could buy 911 3.2s for low $20k and 964s for $15k to $20k. In 2003ish, I sold a mint 30k mile 94 911 3.6 Turbo for $58k which may be worth $300k or more in recent years. In 2004, I sold my 993ttS for $175,000. I have seen these priced $500k or more in the last few years. That same year I sold my 993tt with about 30k miles for $65K. Prices are about double that now even for higher mileage examples. CGTs got down to about $275,000 (sold mine for MSRP right before bottom fell out on them) and now they are $750k.to $1mm.

Granted, I am quoting prices of more high end Porsches simply because that is really the only market I know well, but a 2012 aero kit car with only 3,100 miles is also super rare and perhaps even rarer than the examples I quoted. That car will never reach those price levels, but it will appreciate and hold value if it remains in its present state.

 

Can someone pull a Carfax on this car? My account has expired.

 

Thought I was looking at a GTS, could have sworn their listing said GTS originally....yeah I'd guess $85k list price. I have a 4S with 6k miles so I hope they get every bit of it

 

They are asking $89,999 for the 3k mile 997.2S

 

and yet, no one has reserved it for the affordable price of $0.00

 

the bubble we’re currently experiencing is affecting all used cars, not just exotics, and is driven by increased consumer demand for vehicles and a tight supply due to many Covid-19 related factors. Sure, the wealthy may be investing in more hard assets than normal, but once Covid-19 is under control (however long that takes), I really do believe we will see prices normalize across the board, even with inflationary influences taken into account.

 

so as long as the owner doesn’t actually drive it? Guess there are folks here purely (or mostly) for the investment value. Which is totally ok. Just an example of why something that makes no sense to one person makes a ton of sense for another.

not being able to drive car as much as I want would be a deal killer for me and as such, I wouldn’t seriously consider this example. In the end it depends on your “use case”. And that is totally ok.

 

997.2 prices were already appreciating well prior to Covid. They have been going up since at least early 2017. Supply has always been tight for 997.2s and there are more available now than in 2017 when my wife picked up a 997.2 cab for to drive that summer. I remember looking every day at new listings because they were moving so quickly and there were generally 10 or so 997.2 cabs on gurus, cars.com and Autotrader at any given time. I sold that car 7 months later in 24 hours on Gurus and had 2 or 3 full price offers. I sold it for $3k more than we paid for it after putting 10k miles on it.

THERE ARE NOW 47 NON-TURBO 2009-2012 CABRIOLETS on Cars.com right now . . . so much for short supply. That is a glut compared to what it was like pre-Covid.

I sold my 991.2 Turbo in October 2019 with the idea of buying a 997.2 cabriolet. I looked ever day for 3 weeks for an S, 4S or GTS. There was about 10 or so 997.2 cabriolets for sale for 3 weeks and they all suuucckked. I found my GTS cab early one Sunday morning that got listed after hours the night before and immediately held it pending PPI. 3 weeks earlier I called and emailed about a GTS cabriolet in San Francisco at 9:00 CST on Saturday morning that was listed the day before. It already had a deposit pending PPI.

Good 997.2 Inventory has been in short supply and moving very rapidly since at least early 2017. I, however, do not disagree that there has been another spike lately, but that seems driven largely by the market for manual cars and the high prices tend to pull up pdk and even 997.1 prices.

 

Yep, you are not the market for that car and that car probably will not get sold as a daily driver. There are a lot of guys out there that have many cars and don't drive some of them many miles at all. Petza is that way with some of his cars. I have cars I put less than 2k miles a year on, but I put 30k miles on my 2012 GTS I purchased 15 months ago. It had less than 29k miles when I purchased it.

 

and then there are guys like me who have been looking and can’t find one, at a decent price, that checks even half of the boxes
I have passed on at least a dozen that were at car lots that just didn’t look right. Did a PPI on one that I really liked and it had scoring.

 

I would just keep saving, waiting, and get a nice 997.2. That way perhaps prices will come down and you eliminate almost all of the scoring with the DFI engines.