B-Line

Excellent point TT... I don't plan on selling mine so I don't really care about market values..
I'm just adding my .02 on the subject cause it's interesting to follow.

So unless fossil fuels become $30/gallon, I'm just going to keep enjoying my Turbo and my 993 for that matter, until the cows come home. And since the economy is in the crapper anyway, I don't foresee me wasting money on upgrading my toys anytime in the near future..

I'd rather keep my money working for me in my investments.

Likemystoppie?

ding ding ding!!

That's the spirit! Give'em hell!!

I know if it was my $$ I'd do the same.

Terry Adams

I am right behind you. 19K miles in 12 months.

B-Line

I've only got 6600 miles on my Turbo but I have good excuses:

1) I also have 3 other cars
2) My commute to work is 1.5 miles
3) My older dog has a hard time getting in and out of the 911 rear seats. Since I take my dogs to work, I don't take the Turbo on a daily basis.

NTI 911E

I take my dog in the 911 too. She won't get in the back though, even though she's just a little beagle.

B-Line

I've got two big dogs.. And I can't fit them both on the front seat. Portuguese Water Dogs..



They don't mind the back of the Bimmer though:

OneManTX

1, 2 ) only 3000 in 4 months - I need to move farther from work! And yes, I have another car but I need it every time the TT sucks a nail into a tire!
3) Plenty of room for these bad boys in the 911

goatfarmer1970

I too am watching the slope of the curve and waiting for a particular intercept point, and would love a second opinion (third, fourth, whatever) on the following: I understand from a friend and local Porsche dealer that there are approximately 6,500 2007 Turbos for the US market. This sounds reasonable in light of some of the financial disclosure Porsche made (of ~ 14,000 2007 turbos worldwide). If that's the case, the depreciation should look a lot like the 996TT curve, although maybe with a higher asymptote/plateau to reflect the fact that the car is a lot better looking inside and out.

B-Line

I would guess that the relative bottom will appear somewhere around the time that the first batch of 36 month lease cars start to expire.

Dealerships will then see more cars on the lot the caveat being, the 36 month lease cars are generally daily drivers that will almost always have higher miles.

But then comes the mystery of Porsche pre-owned pricing. There will always be wholesale cars, privately held cars, lot cars, off lease cars, etc. And the difference in pricing between a book value, wholesale car and a privately held, garage queen can be vast.

Of course the 997 Turbos will depreciate greatly, as does EVERY other car in existence. But I don't think it will be as great as the 996 Turbo's because it seems as though most enthusiasts shy away from collecting 996's and steer more towards the 993 and probably the 997 market. The 997 is a fantastic model and is widely regarded in the highest manner. The 996 Turbo might be a fantastic car, but as mentioned, suffers from lesser looks, interiors that are less than stellar and the fact that it shares the same body designation as other 996 cars which have plummeted in value.

Even a Ferrari F430 was fetching $60-$80k premiums and now they are MSRP new. That's a $80,000 loss if you paid it two years ago.

My hunch is, the 997 will fair better than the 996 if only because of the image differences between the two body styles. The 997 has been very highly received and are sought after while the 996 buyer tends to attract the, "WOW, I can buy a 911 for $25,000" crowd. Even my 993 C2S is holding better values than it's 996 equivalent and it's a 12 year old car.

The thing about the 911 market is, their is a car for almost every budget. The bigger question is, what are you willing to pay for or how long are you willing to wait?

Of course the last or maybe first thing to keep in mind though, what's happening to the economy????
- Cause with the financial outlooks for the next few years, the high-end sports car market and even the recent taste of high fuel prices, who knows what might happen.

Your guess is as good as anyones..

TRINITONY

^^^ one like ur old car going for > 79K .. http://cgi.ebay.com/ebaymotors/1998-...QQcmdZViewItem

must be the tail..

B-Line

LOL.. anyone wants to buy my 993 C2S for $80k, I'll throw in a toaster..

Jay-Three

I just sold my '07 this past Friday. 17k miles, six speed, Arctic/Black $133k sticker. I got $101,500. There was a catch, I assumed the buyers lease on his '07 Cayman S for the final 8mos at $1k/mo.

B-Line

Hey Jay- Three,

Welcome to the forum.. Never heard of a car sale, lease pickup before but I'm sure you're not the first.

But why would you want to go from a Turbo to a Cayman S?

Jay-Three

Oh yeah, I guess I should have mentioned I picked up an '08 Audi R8! I had a buyer for the Turbo before I took the R8 and he bailed at the last minute. I had already taken delivery of the R8. I owned both for a month which was pretty scary as I am not in the financial situation to own both. I figured taking the Cayman was my best bet right now especially with how low the Turbo's have gone. There would have been no deal without taking the guys Cayman for the final 8mos.
I actually have the R8 up for sale right now too. Don't "have to" sell it, but should right now for personal reasons. I paid $124,900 in November. Asking the same...2400 miles. PM if you would like more info/pics.

B-Line

How did you like the turbo compared to the R8?

I still don't get the Lease buy swap. You are now paying $8k for a car lease on a car you don't want. And you don't know for sure how well the original leaser negotiated the purchase.

I would have kept the Turbo, priced it to sell, and told the guy with the Cayman to stick it..

But that's just my opinion.