997 Turbo pricing: stable or dropping?
#91
No way in the world would I pay close to the same for a 6TT vs a 7TT, say whatever you want the 7 is so much nicer inside and out, the 6 gen was about as close to a design mistake as porsche has ever made...and I bought a 6TT when new, so just trying to be real.
#92
Yes, a 7 is better than a 6 - it's newer, arguably prettier, has more power, but despite all that the price of a 6 is rising and the 7 isn't done depreciating yet.
And I want both - I'm just funny about what color.
#93
#94
Another change that I observed in the last 12-18 months is that attractive 997 cars (turbo, gts etc) tend to be more bunched at high end dealers. Very few private sales out there. I tracked some cars that were obviously bought out from private party and were offered at a higher price at a dealer right thereafter.
#95
Another change that I observed in the last 12-18 months is that attractive 997 cars (turbo, gts etc) tend to be more bunched at high end dealers. Very few private sales out there. I tracked some cars that were obviously bought out from private party and were offered at a higher price at a dealer right thereafter.
#98
The guy who mentioned the cyclical nature of the economy has a fantastic point. We are in a fairly bullish period with our economy at the moment. People haven't forgotten the Great Recession by any stretch, but people are also spending a little more freely and buying toys again. This will not last. I'm not saying it will be doomsday, but I do expect a bit of a bubble bursting in the next few years, and when that happens, the price of toys will drop. 10-15 year old Porsches with the requisite expected maintenance will not be what people are scrambling to buy.
That said, I think the economy will go back on an upswing and perhaps with it so will these cars. I just don't think that happens until the cars are closer to 20 years old, much like we're seeing with the 993TTs today (though, not quite on that level).
This is all guesswork by me, but it is what I believe. So with that in mind, the people looking to buy these cars, rarely drive them for fear of putting on mileage, and then sell at a profit in a few years might want to think twice about that plan. I don't think they're dropping off a cliff... I see $50K being the floor for 6MTs and $40K being the floor for the tips... but that's the more likely scenario that I see in the next 3-4 years than these cars swinging up over $80K, $90K+.
I do not predict the 996TTs eclipsing the price of the 997TTs though. Aside from comparing a pristine low mileage 6MT against a high mileage ragged Tip, I believe the 6s will always be lower than the 7s.
tl;dr- drive and enjoy your cars and stop "collecting" them hoping for a big payday. Be happy that these cars depreciate very slowly.
That said, I think the economy will go back on an upswing and perhaps with it so will these cars. I just don't think that happens until the cars are closer to 20 years old, much like we're seeing with the 993TTs today (though, not quite on that level).
This is all guesswork by me, but it is what I believe. So with that in mind, the people looking to buy these cars, rarely drive them for fear of putting on mileage, and then sell at a profit in a few years might want to think twice about that plan. I don't think they're dropping off a cliff... I see $50K being the floor for 6MTs and $40K being the floor for the tips... but that's the more likely scenario that I see in the next 3-4 years than these cars swinging up over $80K, $90K+.
I do not predict the 996TTs eclipsing the price of the 997TTs though. Aside from comparing a pristine low mileage 6MT against a high mileage ragged Tip, I believe the 6s will always be lower than the 7s.
tl;dr- drive and enjoy your cars and stop "collecting" them hoping for a big payday. Be happy that these cars depreciate very slowly.
#100
Yes, a recession is due in the coming years and the "collector car market" is due for a correction. However, there's a certain performance value proposition that 997 Turbos have that can't be ignored. For example, a .2 has 500 hp, 500 ft-lb, amazing AWD traction, weighs less than 3500 lbs, comes with three pedals, and can be had for less than six figures. How many other cars on the market (new or used) can make those claims for less money? The next best thing is a 997 GT2, which trades for double the price.
It isn't just a frenzied bull market or fetishist collectors keep the values steady, these are legitimate high-performance values to be had. We're not talking about dog-slow six-figure 300hp air-cooled cars here, we're talking about cars that still hold their own against the best cars money can buy.
It isn't just a frenzied bull market or fetishist collectors keep the values steady, these are legitimate high-performance values to be had. We're not talking about dog-slow six-figure 300hp air-cooled cars here, we're talking about cars that still hold their own against the best cars money can buy.
#101
I agree with most of the above comments...the best way to get the value out of these cars is to drive them. If you get one at $75k, it is still about half of the original msrp, so not a bad deal at all...so just enjoy driving it!
#102
What are people's thoughts on the .1 versus .2 pricing? It seems to me that .1 is closer to 6TT levels than certainly .2 with the '09 .2 being the unicorn here. For those that have had both, please share your thoughts if you can. As someone who is in the market for one (coming from a 991), I'm starting to become intrigued by these cars but need to learn more about the .1 vs. .2 differences aside from upgraded interior and cosmetic changes.
#104
What are people's thoughts on the .1 versus .2 pricing? It seems to me that .1 is closer to 6TT levels than certainly .2 with the '09 .2 being the unicorn here. For those that have had both, please share your thoughts if you can. As someone who is in the market for one (coming from a 991), I'm starting to become intrigued by these cars but need to learn more about the .1 vs. .2 differences aside from upgraded interior and cosmetic changes.
Both platforms have their merits and you definitely won't be unhappy with either.
Objectively speaking, the 997.2TT was the Last manual Turbo made.
#105
Probably right, though FWIW, RL member 4ocious had both - a 2009TT and now a 2011TTS. I can't recall which posting, but I recall him providing a bit of comparison (though not entirely apples to apples, since latter is TTS, not TT). Perhaps he can chime in on differences and experience. Generally, I suspect most would say they've both incredible cars, but differences (e.g. Mezger ended 2009, .2's have less turbo lag, etc.).