maybe in 4 years I can get a 997TT for what I bought my 996TT for, if they also drop in price like my car did.

 

I think things have stabalized a bit. A few months ago a car here was listed at 42K with HRE's, the owner was desperate and in real estate. The car ended up selling for low 50s because the owner had 5-6 offers and sold it to the highest bidder within a week. Lately as I look the cars in the low 40s are getting tougher to find and the median for 01's and higher mileage cars seems to be high 40s. As more enthusiests find this "within their budget" you will see these cars scouped up and the prices stabalize a bit.

 

So what do you think a clean '02 (one owner, perfect, never tracked or driven in rain) with 8.8k miles is worth today ?

Bill

 

Maintenance issues vs. older 993 and 964 Turbos??? I thought that 996 Turbos were relatively better on maintenance than all the older Turbos .. in fact some say considerably better.

Unfortunately, the 996TT is a relatively mass produced car. I think something like 15,000 were sold in North America??? - does someone know for sure?

There probably will be a floor for a good car - I' think something like $40-$45K. The only way I can see the values going up is if the circulation of good existing cars somehow diminished - say from 10,000 nice examples today to 2,000 ten years from now.

 

Depends mostly on the color/ options and if it's got any aftermarket wheels or modifications. Mid to high 50s ? Mileage is low, but for that low of mileage, but most seem to prefer the 03/04s for whatever reason.

 

I think low 60s would be fair. High 50s should sell quickly on the private market. I imagine a dealer would pay low-mid 50s for it. A lot also depends on the interior/exterior color, transmission etc.

 

A while back I did the math on total 996TT revenue for Porsche--total cars produced times average MSRP of $125k. The result is well OVER a BILLION dollars. And what do you think the profit margins were? 15-20%? Whatever it was, it was big money.

 

If you think a 964t is cheap to maintain vs a 996tt, I respectfully disagree. You can spend a tiny fortune on a rebuild alone. Parts are very hard to come by. The primary reason why the 964t (esp the 3.6) has kept its value is because of the limited numbers produced.

 

110% agree here...

There's simply no big "GOTCHAs" on the 996TT, other than the "2nd gear pop-out" issue. The motors are solid, the interiors are solid, the drivetrains are solid... Whatever issues someone thinks are "there", I'd really like to know about... For a street driven car, these cars are near perfect... The only issues I've had have been related to tracking them... Then you need improvements... for street? They do everything well.

Mike

 

Anyone familiar with computer ram? Well 5 years ago you can buy 1gb SDRAM ram for $15 My old computer's ram took a dump so i figured i can buy one for dirt cheap to keep it running for another year or so. Boy was i wrong. SDRAM costs WAY more than the new DDR2 ram.. How much more? Well 1gb SDRAM now costs $60-80 at newegg and the new technology ddr2 ram costs $25. When SDRAM first came out it was $150-$200. And when DDR2 rame came out it was $300. As you can see, the 996TT is like the new DDR2 ram where it now costs $25 for 2 gb of ram because the new DDR3 is coming out... But give it a few more years when DDR2 gets older, it will cost $80 like the SDRAM did. History will repeat itself.

 

Yup, i agree

 

I'll take 68K for mine right now if anyone's interested. It's a TIP.

 

I believe that total 996TT's imported and sold in the US was something like ~9,500 ish?

Can anyone confirm? This is by no means a mass produced vehicle. However, relative to other Porsche turbos, there are a few more available...

Buy the car b/c of the amazing value and bang for the buck, enjoy it for as long as it keeps you interested and excited and then move on... It's a car and a depreciating asset. Well worth it in my humble opinion! Literally the best all around vehicle I've owned. It does just about everything above average and many things WAY above average!!!

 

I've had some time to think about this issue, and I'll throw these observations out...

The 996TT was really designed and marketed as a GTcar for executives. It has never had the reputation of competing with Ferrari or even other Porsches at the track and as a performance car.

That mindset is changing. Every time I go to the track with mine, guys are coming up to me and saying "I thought those cars weren't supposed to be good track day cars? You passed me like I had the e-brake on!"

Guys like Tom Kerr, Matt Callahan, Dez, and others here who track their 996TTs and GT2s are busting the myth that these cars aren't good road course platforms here in the United States. As this platform emerges as a top performer, I think the mindshift will make these cars more desirable to more than just the "GT" cruising and DD crowd. Having another point of interest to prove what a great platform this car is will only help in the marketing and resale of these cars.

I think the price has bottomed and will rebound slightly. As I've said before I believe these cars will rest happily in the $50-70K range, depending on the setup and the customer.

I won't let mine go for less than $65K and that's with $40K in receipts/upgrades/maintenance.

Mike

 

After trying to sell my 2002 996TT for as low as $45KFIRM and no offers, I realized its not the price. The car was in great condition, advertised several places, well cared for, with 56K miles, and there was one person that looked at it. Granted the RWD might have scared people away, there wasn't much reason I can see behind the lack of interest. I think the market is soft because the economy is wrecked. People aren't spending money. Someone said recently "the guys not effected by the market are just buying 997TT. Because of a recent car purchase, I am able to keep mine in the garage and can't see me moving out of it for many years.

Sharky's gone from Dirty ***** to Garage Queen, literally overnight.