Rat3d M

I've done a bit of Googling on this topic, and most of what I found were threads from 5-7 years ago either predicting what the future values of the 07-09 997TT will be, or people sharing what they paid for their's. I've noticed two things:

1. The individuals that predicted the future values in 5-6 years (now) were way off

and

2. The individuals that bought theirs back in 2010-2012 (when they were 2-5 years old) paid roughly what they are selling for now

I just bought my 2007 911 Turbo, and after a few weeks of searching Ebay and Autotrader every day and watching what they sell for and seeing what is available to me, I discovered that 997.1TT's are currently trading hands for anywhere from $55k-$80k. The $55k-$70k range are Tiptronics (lower mileage being at the higher end) and the $65k-$80k are all 6sp manuals. Most 6sp manuals are $70k+, though a few with 50k-60k miles can be had in the mid $60ks (although rare). Sorry if my pricing analysis is off, but this is what I saw when I was in the market.

Now with that aside, I found one post from 2010 that I sort of chuckled at, where the individual swore that in 5 years a 1st gen 997 Turbo would be in the mid $40ks. I know predicting depreciation is hard, but that's so far off it's not even funny. Most other's were predicting that they will continue to drop from what they were 5-7 years ago (roughly what they are selling for now as far as I can tell) though what people paid for them 5 years ago people seem to be charging (and getting) for them today.

So my question is, how are these doing as far as depreciation is concerned, and what is it that is making them drop in value so little in the last 5-7 years? NADA value seems to be about $10k less than "market value" at the moment. It's hard to touch a 997.1TT in 6sp manual for under $65k today, even with 50k miles (any less than 40k miles, forget it, less than 30k you will be paying $70k+). Just wondering if I picked a good time to get into these, or if they will in fact plummet at some point like people predicted 5 years ago?

HellaHashTags

The way I see it, 996TTS prices are moving up and are now right next to 997.1TT prices. In my opinion, the 997.1TT is objectively better than the 996TTS. I wouldn't be surprised if the 997.1TT started moving up alongside the 996TTS.

jootunk

I'm running to my storage unit now to get my crystal ball, when I return I'll tell you the answer.

Rat3d M

You have 1 post. Did you join for that?

Skwerl

Agree with HellaHashTags.

I think also the used 911 market got a wrench thrown into it a few years back as collectors suddenly decided that old Porsches are actually amazing must-have icons and not just pre-owned German cars. What used to be a pretty predictable pattern for Porsche depreciation isn't so clear cut anymore, as everyone tries to guess which models will be blowing up in value down the line. Hence all of the "last of!!" conversations you see everywhere that's part and parcel to the vintage sports car boom of the last few years. I haven't looked personally but I bet people were off on their GT3 predictions in 2010, too.

TrackJunke

I picked mine up with 36k miles for low 60s, well optioned 6 speed manual about 18mo-2 years ago. I feel like that was a pretty good price and could sell it for close to that if I wanted. However, I think the cars are going to continue to depreciate into the 50s over the next few years. Part of the reason prices for all Porsches are currently strong I think has a lot to do with current stock market valuations. If we enter a recession, all bets are off as far a depreciation goes.

On another note, I think the air cooled stuff is just plain overvalued. The cars are pretty fun but I don't necessarily think they deserve this cult status they seem to currently hold. I had a 993 for about 8 years and sold it for exactly what I paid for it but put 55k miles on it. I am currently more than happy with a faster, better HVAC, more practical and just as fun to drive 997 Turbo.

atcbi5

It's a race between what was a newer car in 2012 vs older car with less miles. It's all converging at the moment. So a 2007 with low miles is a big risk I would think. What I mean is it's 2017 now those cars are 10 years old.

squid42

The used prices on all premium cars made in 2008-2010 are messed up.

The economy crisis made people buy very few, and very few were made. At the same time those years of cars were the last of a generation for several manufacturers. Namely almost everybody switched to electric steering support, start/stop engine, silly control schemes (not Porsche), naturally aspirated engines. Some hate direct injection. Looks changed significantly, with lots of the slimness of Porsche, BMW etc gone in favor of a bulkier look.

Now there are some people who want some of that, they have money, but the cars didn't multiply.

Also, those are the last manual turbos.

What I am saying is that predicting 2017 values for these cars was very difficult to do in 2008-2012.

TT Surgeon

First off, a 997tt will always be worth more than a similar 996tt. 997.1tt prices have pretty much leveled off for average to above average cars. I consider hi mile worn out cars and overly modded frankenturbos outliers, those you'll find in the 50s or worse just like their 996 brethren. In five yrs a nice low mile lightly modded 997.1tt 6mt will be highly desired, just how much nobody knows, certainly not aircooled levels.
There is one group of 997 turbos, about 22, that were converted by Ruf USA while they were still open, those cars are full on Ruf conversions with paperwork, those cars will fetch 6 figures.

CodeRed

Not understanding why 996tt prices are headed up, while the 997.1tt stay flat since being so better looking, etc. What is the reasoning? btw, glad 996tt are increasing...all of these cars are undervalued

Southpaw

Last of the fried egg headlights!

vbb

A few years back, people realized that the 996TTs were great values. When you could find one in the high $30K, low $40K range for a car that had the vaunted Mezger, looked better than the other 996s (because it actually had some hips to it), and was plenty fast and could be made faster, people started seeing past the headlights and buying a lot of car for the money. As with everything, as more people started realizing this, they became more desirable... and expensive. I actually ended up with my current 997TT because of the price creep on the 996TT. I had an NA 997 and was thinking about getting a turbo. I missed out on a GT2 "conversion" that was built by my local indy shop and then started looking around at cars to do my own GT2 conversion. When I found a nice 2002 TT with low miles for $45K and the owner wouldn't budge on the price, I realized that I might as well start looking at 997TT instead, and drop the whole idea of modding up a 996. Glad I did.

I do not believe the the 996 values will eclipse the 997, so as the 996 rises, I think the 997 will rise too, just like another poster already said in this thread. I don't think anyone is expecting these to skyrocket or become investments, but if you buy a car, drive it for 5 years and then sell it for not too much less than what you bought it for, that's a huge win. I'm not thinking that the floor for high mileage tips will get below $45K and low mileage 6MTs will stay above $60K.

atcbi5

I am keeping mine. I could care less what occurs. It's been tinkered with. FVD tune, Europipe-1, eibach springs and some cheap *** Victor wheels. Oops, I also tinkered with the electronic systems. Added a Denison unit. My car is probably worth 30k. Man, I also tinkered with the engine! Maybe 22k? Screw it, going to Carmax see if I can get 18.5k for it. Hopefully they don't read my 22 hits on rev range 6! Ok maybe 7.5k.

CodeRed

yeah, they are so much better modded...and relatively cheap to begin with that you really cant get too hurt, no matter what happens...plus such great car to keep long term, so who cares much about resale

Harry Da Hamster

I can't imagine 997.1 TT prices going much lower than where they are now because:

1) They still look modern
2) They all look similar for the entire 50 year production
3) The enthusiasts who can't afford a new 911 Turbo (including myself) prefer manual and they're not so common on new cars nowadays.
4) Brand new 911's will continue to rise in rice
5) Porsche 911 has an undeniable motorsport heritage. Therefore there's a cult like following with enthusiasts and in the media. That also attracts the groupies who are casual car fans.

The only thing i can think of that will work against the steady values or possible appreciation is the rise of mileage.