Are 997.1 holding value?
#1
Are 997.1 holding value?
I have about $70k that I am willing to spend on a toy and a 911 Turbo is essentially my dream car. Problem is, I typically get sick of my toys after a year or two. Is the 997.1 Turbo a candidate for someone like me who:
-Might want to sell the car after 1-2 years without taking a huge depreciation hit?
-Wants to cap spending at $70k? Seems to limit me to 2007-2008 cars with 40k+ miles which seems like a lot.
-Wants a tactile performance car that is just as much about emotion as it is fast Nurburgring lap times?
-Wants to be able to DRIVE THE CAR without constantly worrying about putting on miles/depreciation.
My last car was an '09 GT-R that I loved but felt that it was getting long-in-the-tooth in terms of styling. The 997 Turbos are ageless to me.
If this is NOT the car for me, I would love to hear suggestions. Thanks fellas!
-Might want to sell the car after 1-2 years without taking a huge depreciation hit?
-Wants to cap spending at $70k? Seems to limit me to 2007-2008 cars with 40k+ miles which seems like a lot.
-Wants a tactile performance car that is just as much about emotion as it is fast Nurburgring lap times?
-Wants to be able to DRIVE THE CAR without constantly worrying about putting on miles/depreciation.
My last car was an '09 GT-R that I loved but felt that it was getting long-in-the-tooth in terms of styling. The 997 Turbos are ageless to me.
If this is NOT the car for me, I would love to hear suggestions. Thanks fellas!
#2
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They seem to be about steady from when I purchased mine last year. These cars are a great value IMO. Classic styling and nice interior but basically down 50% from MSRP. They will depreciate but not rapidly from this point. The 996 turbos are still going for 40-50k and are far less desirable IMO.
#3
Drifting
They seem to be about steady from when I purchased mine last year. These cars are a great value IMO. Classic styling and nice interior but basically down 50% from MSRP. They will depreciate but not rapidly from this point. The 996 turbos are still going for 40-50k and are far less desirable IMO.
#4
Rennlist Member
Value is stabilizing. The look is classic and they've got well enough power to still keep up with more modern cars. I think the perfect car to meet your requirements.
#5
Burning Brakes
Skullbussa
At the 70K mark your talking 2007 maybe 2008 and that won't be a CPO car probably like you said a 40K car.
Maintenance is much higher then your old GTR. Most manual transmission cars with that mileage will need a clutch and throw out bearing 1.5K. Tires and maybe brakes as well. another 2K.
If you set aside about 5K in pop up repairs you should be Ok.
I would estimate a 15K loss in value in 2 years trade In value.
Hopefully I didn't scare you to bad.
Ian
At the 70K mark your talking 2007 maybe 2008 and that won't be a CPO car probably like you said a 40K car.
Maintenance is much higher then your old GTR. Most manual transmission cars with that mileage will need a clutch and throw out bearing 1.5K. Tires and maybe brakes as well. another 2K.
If you set aside about 5K in pop up repairs you should be Ok.
I would estimate a 15K loss in value in 2 years trade In value.
Hopefully I didn't scare you to bad.
Ian
#6
Drifting
I bought my my car 4 years ago..I bought it with 37k miles. It was a CPO car. I have 68 k now and still have the original clutch (with a tune.)
Ian is correct though on all counts.
A car with 40k may need a clutch. You can probably find one that has already had it done..And has good tires and a recent brake job..
If it makes you more comfortable my TT is the most trouble free, reliable Porsche I have ever had. I have had no substantial mechanical repairs of any kind.
I drive my car almost everyday and drive it hard..
Look around and find what you want. Make sure you get the Sport Chrono and the sport seats and an interesting interior. Don't be afraid of a higher mileage TT if it has been well kept. They age very well..
Mine is a gem and I'm not parting with it anytime soon..
Good luck with your search! You will not regret getting a TT!
Ian is correct though on all counts.
A car with 40k may need a clutch. You can probably find one that has already had it done..And has good tires and a recent brake job..
If it makes you more comfortable my TT is the most trouble free, reliable Porsche I have ever had. I have had no substantial mechanical repairs of any kind.
I drive my car almost everyday and drive it hard..
Look around and find what you want. Make sure you get the Sport Chrono and the sport seats and an interesting interior. Don't be afraid of a higher mileage TT if it has been well kept. They age very well..
Mine is a gem and I'm not parting with it anytime soon..
Good luck with your search! You will not regret getting a TT!
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#8
I thought 07 are out of warranty? 50k miles or 48 months. It's 2014 guys moot point. How about a 993 TT with 5k miles? It ain't got no warranty, same with a 997TT. I would be afraid to buy a low mileage 07 turbo. Things will break like all of the 07's that have been running for a while. Yes try to get a warranty for it, you will be paying thru the nose. Ridiculous some of the stuff written on this forum.
#9
#10
Burning Brakes
I thought 07 are out of warranty? 50k miles or 48 months. It's 2014 guys moot point. How about a 993 TT with 5k miles? It ain't got no warranty, same with a 997TT. I would be afraid to buy a low mileage 07 turbo. Things will break like all of the 07's that have been running for a while. Yes try to get a warranty for it, you will be paying thru the nose. Ridiculous some of the stuff written on this forum.
#13
Rennlist Member
Great cars. Owned my 08 for 18 months, no trouble at all. Nothing. Will need some tires soon. I'm not sure what it's value is but I agree that they've definitely stabilized. I think the new $200+ 991 turbo may have something to do with that. In the meantime, spring is on it's way...
#14
Rennlist Member