Boeing 717

Im seeing some really nice 07 turbos going for the mid-$70's now, does anyone belive that in the next few years these cars may dip down into the low $60's, if so i would like to wait a couple of years then get one of these instead of a 997s in a short time.

Thanks

Macster

At least into the $60s if I don't miss my guess. What's to keep the 997 values inflated? I bought a nice low miles 03 996 Turbo in June 09 about 6 years after it originallly sold for less than half its MSRP ($119K) and got a 2 year CPO warranty too boot.

I don't see anything to prevent 997s from depreciating similarily though whether they depreciate a bit less or a bit more depends upon the economy at that time.

In fact in some ways I'm counting on it caues I'll probably be in the market for a nice 997 in a few years hence.

Sincerely,

Macster.

Tacet-Conundrum

When the 998 TT comes out, watch out on the falling prices.

carcommander

Cars or any kind of other toys are not investments. If you wait long enough it will go to zero and be yard art.

Boeing 717

Yea i figured that...... i just want opinions as to how long it will take to get to the low to mid 60's.

Macster

One formula that is used to estimate depreciation is:

Take the car's cost to the dealer. When sold to a buyer the car depreciates 10% from this number.

Then every year the car depreciates another 10% though other factors come into play either accelerating the depreciation or slowing it. Things like the economy, or the unexpected popularity of the model to list two. Or if Porsche released a replacement that renders the older model very outdated. 'course this works both ways. The subsequent replacement model can be crap and this helps to bolster the previous model's used car price.

So using the above formula you can estimate when a particular car will reach whatever price point you want. Of course, the longer you run the formula the more fuzzy the numbers become. A car's deprecation is usually faster early on then slows some though it can pick up speed again when the next new model makeover released (if it is any good... if bad it can work to slow or even temporarily halt depreciation). But I think absent a crystal ball from which one can see the future this formula will get one into the ballpark regarding future value.

You can apply the formula to older cars and see how closely it "predicts" the older cars' values.

Sincerely,

Macster.

Targa Tim

Higher mileage ones will eventually go down to somewhere in the 40s, tiptronic probably worse.

racer

996TT's can be had for nearly nothing... While I would guess 997TT production numbers are a little less than the earlier ones, I see no reason why these can't be $40K cars in another 5 years. introduction of the 998 will knock at least 10-20% off current prices.. especially when all those owners go to trade in for the new car

Boeing 717

I figured these were quite a bit nicer than the 996TT so i didnt think they would come down to those values.

racer

Price is based on supply and demand, no? the 998s will also cause the 996s to drop in value.. and when a car is 12-15 years old, its seems to bottom out on the bell curve. 996 prices drop.. and this will cause 997 prices to drop too.

TT Surgeon

I don't think 997tt value will drop quite as much as 996tt prices. The 996 is a good car, but when compared to a 993tt it's always been the red headed stepchild of the turbos. The 997 seems to have more in common, looks wise, than the 996. jmo

Bklyn964Turbo

997 Turbos will be in the $60K range in two years and you can take that to the bank....yes they are better than the 996 TT but as much as we love these cars we are a small minority...they are just expensive cars that depreciate like all the rest from VW to Bentley, Ford to MB... for the other 99% of people in our world not on this site it's just a car...no disrespect intended to the frequent visitors of this site as I am a HUGE fan here....

I for one am also on the 997 TT price watch ...lurking waiting...hoping...that depreciation rates continue...here are some things that will impact that pace:
US economy ...if it continues to struggle or be inconsistent...most Americans will postpone luxury purchases....most people on this site are part of a small minority that aren't as impacted as Joe Plumber
Used car interest rates...lower rates increase demand
Porsche special financing on 997 TT certified pre-owned....low rates increase demands
How current tweaks and improvements to the 2010 TT motivate existing owners to trade in for 2010...could produce more inventory...this point isn't likely to have much impact...
How many 08s come off lease in the next 6 months and sit on dealer lots...the more cars that sit the more willingness to deal
When is the 998 coming?...this will initially cause a big dip

Just my two (or three) cents

ltc

It's all about production numbers.
The 997Turbo is no different than the 996 Turbo; neither are limited production vehicles.

The 997 Turbo MAY be a bit better off since it appears to be one of the last production cars (along with the GT2/GT3) to use the Metzger dry sump, so it might have some of the 'air cooled' support similar to 993's.

But in the end, it will likely follow the 996 Turbo curve, bottom out and desirable examples will creep back up over time.

ac27

Its going to depend a lot on options. Porsches are all about options so obviously the turbos with better options will hold their value better than the ones without all the options. The other thing is the tip turbos will probably lose their value the most only because of the new PDK which people are raving about right now.

Pauly90266

The 997TT will be similar to the 996TT depreciation curve. The days where you can buy a 911 and expecting it holding value is long gone.