996 prices are on the rise.
#16
Rennlist Member
1985 Carrera for $22K https://honolulu.craigslist.org/mau/cto/6009908328.html
1975 Vert for $25K https://honolulu.craigslist.org/big/cto/6012086248.html
1975 RSR Clone $18K https://honolulu.craigslist.org/big/cto/6017651242.html
1975 Vert for $25K https://honolulu.craigslist.org/big/cto/6012086248.html
1975 RSR Clone $18K https://honolulu.craigslist.org/big/cto/6017651242.html
Read more: http://www.city-data.com/forum/hawai...#ixzz4b58BMbs6"
#17
#19
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#20
Drifting
Wake up, wake up......you're dreaming.
#21
Three Wheelin'
Economics lesson....the price of 996s will go up sooner or later. If a consumer wants a 911, they want a 911. There is no direct substitute product. The prices of all 911s pre 996 have risen dramatically. Virtually all comparable 911s prior to the 996 currently cost 100% more or even more than that. A 964 with 75k miles is gonna cost you $50,000 today, the same car sold for $25k in 2008. However, the 996 prices will NOT rise significantly because there are a lot of 997s at reasonable prices. A 10% - 15% increase in the average price of 996 over the next 2-3 years should happen. So that dirt cheap $15K 996 will cost $16.5K . The well cared for car listing now at $22k will cost $24k.
#22
Drifting
^^^ Perhaps, but here's another economics lesson: Don't look at the Porsche market through Porsche-colored glasses. Porsche made a Bazillion 996's - as sports cars go, it's mass produced. Given there were so many made, and given their (potential) issues, prices are not going anywhere. Maybe in another 20 years a pristine 996 may fetch good money, but the average 996 is going to be a $15K - $20K car (or less) for a very long time.
6GT3's are certainly an exception.
My crystal ball tells me so. I'll bet that "dirt cheap" $15K 996 will be $13K in 2 or 3 years.
Here's some food for thought: I won't say what I paid for my Ferrari 360 but I thought with only approx. 8000 made for all production years, it would probably never drop below $100K......WRONG. Today my 360 is worth maybe $60k-ish, maybe $70K on a really good day. Now 8000 cars is not many, but it's a huge number in Ferrari production. The most mass-produced Ferrari ever made. How many 996's did Porsche make? Think about it.
6GT3's are certainly an exception.
My crystal ball tells me so. I'll bet that "dirt cheap" $15K 996 will be $13K in 2 or 3 years.
Here's some food for thought: I won't say what I paid for my Ferrari 360 but I thought with only approx. 8000 made for all production years, it would probably never drop below $100K......WRONG. Today my 360 is worth maybe $60k-ish, maybe $70K on a really good day. Now 8000 cars is not many, but it's a huge number in Ferrari production. The most mass-produced Ferrari ever made. How many 996's did Porsche make? Think about it.
#24
Economics lesson....the price of 996s will go up sooner or later. If a consumer wants a 911, they want a 911. There is no direct substitute product. The prices of all 911s pre 996 have risen dramatically. Virtually all comparable 911s prior to the 996 currently cost 100% more or even more than that. A 964 with 75k miles is gonna cost you $50,000 today, the same car sold for $25k in 2008. However, the 996 prices will NOT rise significantly because there are a lot of 997s at reasonable prices. A 10% - 15% increase in the average price of 996 over the next 2-3 years should happen. So that dirt cheap $15K 996 will cost $16.5K . The well cared for car listing now at $22k will cost $24k.
#25
If previous gens are any indicator the wide body cars should fare the best once bottomed out, which I personally feel the 996's are. But...if you believe Hagerty's data for my MY 2003 they made more (7900-ish units) C4S than any other 911 version that year by a wide margin. Not so for '02 and '04 and I would guess first year jitters for AWD and then in '04 diluted by the addition of the C4S cab.
But they sure cranked out a lot of C4S coupes in 2003 it appears!
But they sure cranked out a lot of C4S coupes in 2003 it appears!
#26
Rennlist Member
Economics lesson....the price of 996s will go up sooner or later. If a consumer wants a 911, they want a 911. There is no direct substitute product. The prices of all 911s pre 996 have risen dramatically. Virtually all comparable 911s prior to the 996 currently cost 100% more or even more than that. A 964 with 75k miles is gonna cost you $50,000 today, the same car sold for $25k in 2008. However, the 996 prices will NOT rise significantly because there are a lot of 997s at reasonable prices. A 10% - 15% increase in the average price of 996 over the next 2-3 years should happen. So that dirt cheap $15K 996 will cost $16.5K . The well cared for car listing now at $22k will cost $24k.
The 3.2 Carrera became super hot and you could still get an SC or 964 for a reasonalbe price, but not for long. I feel like 996/997/991 are in a similar boat, but we'll have to see
#27
Race Director
I'd suggest looking at the KBB site to get a picture of 996 values either trade-in or private sale. If those numbers are accurate then you'll be surprised at how low they are.
#28
The Op is in Canada , and here 996 prices have been going up .
I'd venture a couple of reasons ,
The demand is there , these cars have been getting favorable right ups in Porsche specfific magazines . Now when you go to PCA meeting , people are into the cars , but a few years ago a 996 owner at a pca meeting felt like the last kid picked to play hockey . The 968 , 944 & 928 PCA crowd all seem to be getting into 996s now.
There were never that many of them here compared to the USA , and a few years ago when the dollars were on par , some were coming in from the states but now with the low price of oil , our dollar has dropped and the flow of USA import cars has stopped .
Even in Vancouver , the number two market for high end cars in North America , there just aren't many 996s around . Back when the 996 was new we had one multi brand dealer , now there are two new OPCs ( and a third new OPC in Victoria) and 4 independent Porsche sales & repair places . I see 4 991s and 10 boxsters of every era , for every 996 .
I get offers on mine every week . You just don't see them and people want one .
Unlike when I lived in the UK and you couldn't throw a rock without hitting a silver 996 , there have never been lots of them around up here .
I'd venture a couple of reasons ,
The demand is there , these cars have been getting favorable right ups in Porsche specfific magazines . Now when you go to PCA meeting , people are into the cars , but a few years ago a 996 owner at a pca meeting felt like the last kid picked to play hockey . The 968 , 944 & 928 PCA crowd all seem to be getting into 996s now.
There were never that many of them here compared to the USA , and a few years ago when the dollars were on par , some were coming in from the states but now with the low price of oil , our dollar has dropped and the flow of USA import cars has stopped .
Even in Vancouver , the number two market for high end cars in North America , there just aren't many 996s around . Back when the 996 was new we had one multi brand dealer , now there are two new OPCs ( and a third new OPC in Victoria) and 4 independent Porsche sales & repair places . I see 4 991s and 10 boxsters of every era , for every 996 .
I get offers on mine every week . You just don't see them and people want one .
Unlike when I lived in the UK and you couldn't throw a rock without hitting a silver 996 , there have never been lots of them around up here .
Last edited by Vancouver996; 03-13-2017 at 04:38 PM.
#29
Advanced
Judging from what I'm seeing lately on Bring a Trailer, the OP may very well be right. Right now a '99 aero package with 75k is at $24k with 3 days remaining and a clean well maintained '00 cab with 99k sold for $22.5. So one can hope the trend continues. (at least those of us who already own one)
#30
Intermediate
Thread Starter
Interesting opinions from you all. As I said, the 2002's and higher are good sellers here; 99-01's were cheap and aren't rising as fast in value. I passed on a few mk1's 3.4L for 10-12k less than I paid for my 02 C4s coupe all original including IMS and RMS.
Fifteen yr. old cars are not beat as someone suggested unless you beat them; be kind to your friends and they will return the favor.
Fifteen yr. old cars are not beat as someone suggested unless you beat them; be kind to your friends and they will return the favor.