ryangambrill

Not related to this vehicle but just saw it was posted today.

WOW!!! 997TT prices are falling fast!!!

Chris from Cali

Yeah if that car had just about any other color combo, I'd be giving him a call...

docjackson1

why are you so surprised? that is a 2-3 year old car that could have had an msrp under 130k. that is not an example of a collapsing market-that is an example of a 3 year old turbo.

ltc

'Modern' Porsche Turbos (i.e. 99x models) will all suffer the same depreciation/fate, simply due to overproduction.
Same curves, just different offsets/starting points.

Perhaps the GT2 will be a bit of an exception, but not by much.

wbrownie

Great observation. Car will depreciate about $1K per month regardless of miles. I bought a 2002 turbo in 2006 that had 7k miles for $72K. It had a sticker of $120K.

Remember the 2007 turbo came out in 2006.

turbodickie

Now $90000

Bob in NY

where?

TT Surgeon

Average post-993tt turbo depreciation, like the good doc said, these cars are 2-3 yrs old now. Auction(wholesale) prices are not truely representative of the 997tt market imo. Hard to compare a low mile garage queen/enthusiast car vs a 'average condition' lease turn in/ trade in at auction, if the car was decent the dealer would have kept it.

MFC996

Check it on ebay about half of the manual '07 coupes have a buy it now of less than 100k. The scary part is they seem to be attracting very little interest. Within a month or two it'll be at 90.

Bob in NY

January or February may be the bottom before Spring but with this screwy economy who knows.
I'm looking at a few pre-owned 07's at a dealer in NJ that according to carfax they bought in August....

docjackson1

bob-which dealer?

AAHTT

A quick nationwide search on the Porsche pre-owned site showed 99 cars for sale for the 2007 year and only a handful were under 100k$ and those had over 20k miles and not CPO.
I would never buy a used turbo on e-bay unless I was a dealer myself.

turbodickie

You are right these cars are near impossible to sell. This is my last Porsche other than my GT2. I am tired of losing my butt on these cars. This car is an excellent car and can be had cheaper than any other TT. I am definitely over it. Thanks.

MFC996

Dude there's an '07 CPO Coupe WITH PCCB's and 12k miles at a Porsche dealership an hour from my house listed at 97,900. It's gotten zero interest at what should be a very competitive price. Most of the '07's I've seen on ebay have been put there by the dealerships. It's a buyer's market and it's only gonna get worse (or better depending on your perspective).

docjackson1

that 3 year old 07 should be selling at $90,000. the pccbs do little for the price of that car-all they give the owner is an expensive repair bill if the brakes fail. at $97,000 for an 07, you have to remember that with a discount, you can buy a brand new 09 with the upgrades (touch screen pcm with xm, bluetooth, etc) for about 30 grand more-not that much for someone looking to spend a hundred grand. these 07 tubo cars have to be priced a bit more realistically-$90,000 would make more sense here. i laugh when i see some of the dealers in nj where i live looking to get 109k for their used 07 turbos-we must also remember that porsche made a ton of 07 turbo coupes, probably close to 2000. they only made 500 or so 08 turbo coupes and even fewer so far 09 coupes. i think the 09 turbo coupes might do relatively well on resale-with the new restrictions on 09 turbos being produced, and with the upgrade in the 09 interior and pcm, the 09 might be a realatively desireable car.