996 Turbo / GT2 Turbo discussion on previous model 2000-2005 Porsche 911 Twin Turbo and 911 GT2.

996TT pricing

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Old Sep 10, 2008 | 03:06 PM
  #31  
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The marketplace is always the final word, but as stated before, the cars are WORTH more than they are selling for at the moment. That will change b/c they are Porsches, and Turbos at that, 2 names that do well in the long haul. Drive a 993 and a 996 Turbo back to back and only those longing for "nostalgia", i.e. less performance and dated interior looks (996 isn't MUCH better there), will select the 993. It's a joke that 993 buyers are paying more and I laugh out loud everytime someone says, "but it's the final evolution of air-cooling". I guess that means turbo props should be more expensive than jets and my old rotary phone is kick-***. Come on people. If you have one, don't sell unless you have to and if you are in the market for one, you better get while the getting's still good.
 
Old Sep 10, 2008 | 03:20 PM
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Red Devil, I agree with you to a point. But you don't mention the amount of 996TT cars made vs 993TT and even 964 3.6T (talk about a real old school turbo!). Part of the reason why the prices of 996TT's are where they are now is because there is a high supply of them in the marketplace. So as much as I agree with you that some of it is nostalgia, the big reason IMO is economics. Supply and demand.
 
Old Sep 10, 2008 | 03:36 PM
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Just stand firm.......they'll either take it or not, but it is your market! Good luck! Hope to see pics of your new baby soon!

Originally Posted by Motoracer
wow! Ok, if it can be had at $56k it will be home with me by the weekend!
 
Old Sep 10, 2008 | 06:58 PM
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Went to the dealer and the sales guy ends up knowing a lot of the same people I know...he was VERY honest. Before even going on a test drive, after talking for a while, he said this isn't the car for you. When he drives it he said it feels tired and although it only has 25k miles, it feels beat up.

I gave him my info to locate me another car and left...carless But happy I didn't get that car.
 
Old Sep 10, 2008 | 10:22 PM
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Originally Posted by Motoracer
Went to the dealer and the sales guy ends up knowing a lot of the same people I know...he was VERY honest. Before even going on a test drive, after talking for a while, he said this isn't the car for you. When he drives it he said it feels tired and although it only has 25k miles, it feels beat up.

I gave him my info to locate me another car and left...carless But happy I didn't get that car.
I'm not exactly sure what you're looking for but mines up for sale in the for sale section.

https://www.6speedonline.com/forums/...mi-so-cal.html
 
Old Sep 11, 2008 | 05:10 AM
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Originally Posted by ilko
Red Devil, I agree with you to a point. But you don't mention the amount of 996TT cars made vs 993TT and even 964 3.6T (talk about a real old school turbo!). Part of the reason why the prices of 996TT's are where they are now is because there is a high supply of them in the marketplace. So as much as I agree with you that some of it is nostalgia, the big reason IMO is economics. Supply and demand.
Production numbers and original owner's most-likely to sell on the cheap make the 996 TT cheaper than the 993 TT, but it is still the better car if you are going to drive it. As a long-term investment/ garage queen, I'd have to go with the 993 of course. Eventually, a lot of the 996's will disappear and the really good ones will hold and go up.
 
Old Sep 11, 2008 | 07:53 AM
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Originally Posted by Red Devil
Production numbers and original owner's most-likely to sell on the cheap make the 996 TT cheaper than the 993 TT, but it is still the better car if you are going to drive it. As a long-term investment/ garage queen, I'd have to go with the 993 of course. Eventually, a lot of the 996's will disappear and the really good ones will hold and go up.
Agree 100%.
 
Old Sep 11, 2008 | 08:54 AM
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Since we are talking prices, what are your thoughts on a Yellow '04 Turbo Cab, 16k miles?
 
Old Sep 11, 2008 | 01:11 PM
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I follow car prices like some guys read the sports pages, and have for over 20 years, and I buy at least one used car every year. Just my vice I guess. There is a huge softening in the high line used car market. Vipers, Vettes and Porsches, etc, have taken a big hit in the last 12 months or so. But the entire car market is like this as well. For example. I bought my brand new leftover 2007 Chevy Silverado regular cab 4x4 pickup truck work truck last year for less than $15k (for a new 4x4!). You can still get those deals and more from GM this year. The same is true on many brans of new vehicles especially trucks and high line vehicles. Mercedes is discounting way below Invoice and other brands are as well.

My goal is to always try to buy a used vehicle at trade in value so that when I sell it I don't take such a beating. This is not always easy to do and takes tremendous tenacity and a love of the hunt that is not for everyone. 996 turbos seem to de-value around 20K a year for the first 2 years and then taper off to around 8-10k a year (rough numbers), but there will always be a bottom. The cheapest, oldest higher mileage examples may be selling in the 45K range, but most are still in the 50's. 996 turbos will not hit $30K for many, years, so while we all take a big hit every year there is a bottom that the cars will reach eventually. Look at the price of standard 996's, they are now down in the 20's all day long for the lowest cost units, but not going much lower and these are older, non turbo cars.

It cost big money to own these cars, but if you let some other person take the big depreciation hit the first few years you can own great car for far less then the first owner did.

I have 7 nice cars, and of their values combined still don't add up to the price of a new turbo. It's all in how you choose to play the game!
 
Old Sep 11, 2008 | 10:18 PM
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and then there is the surge on the 993TT?????? that skews even the most rational of comparators. The deals now seem to be cars with tons of mods as we can now get cars with 40K worth of mods for almost nothing except the actual car value!!!
 
Old Sep 12, 2008 | 06:03 AM
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Originally Posted by JimC
and then there is the surge on the 993TT?????? that skews even the most rational of comparators. The deals now seem to be cars with tons of mods as we can now get cars with 40K worth of mods for almost nothing except the actual car value!!!
Mods almost never add value and often will take it away over time. The exception to this is a car that is set up so right for a particular buyer that he will pay more than the stock equivalent. You will see more and more of this with 996 TTs, because these cars really come alive with mods. It defeats the whole purpose for the second or third owner to buy a stock car at a good value, and then pay top-dollar for new mods. A well-sorted and modded car will command more until someone starts buying them for long-term or collector purposes.
 
Old Sep 12, 2008 | 06:29 AM
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Hate to sound like a broken record but since we are talking prices, any thoughts on a price for a Yellow '04 Turbo Cab with 16k miles? Car has had 3 owners and will be CPO'd by the dealer.
 
Old Sep 12, 2008 | 11:26 PM
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Originally Posted by Bob Z.
Hate to sound like a broken record but since we are talking prices, any thoughts on a price for a Yellow '04 Turbo Cab with 16k miles? Car has had 3 owners and will be CPO'd by the dealer.
80K or so
 
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