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

Why does the 996TT depreciate so?

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Old Nov 6, 2004 | 02:44 PM
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Why does the 996TT depreciate so?

The 993TT was exceptionally resistant to depreciation, and still is so. But 996TTs sell on the private market for mid 80s. Why didn't the 996TTs inherit the resistance??
 
Old Nov 6, 2004 | 03:18 PM
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Because it was WAAYYYY over produced and because the 996 shape had some controversy compared to the 993...a true legend IMHO
 
Old Nov 6, 2004 | 03:18 PM
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ps..did you really total a 993 turbo??? details...?!
 
Old Nov 6, 2004 | 03:22 PM
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993's will always be more collectible as the last of the Air Cooled "true 911's" (to many not me)
 
Old Nov 6, 2004 | 03:39 PM
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Originally posted by ruffinit
ps..did you really total a 993 turbo??? details...?!
https://www.6speedonline.com/forums/...threadid=17733
 
Old Nov 6, 2004 | 09:22 PM
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OVERPRODUCTION.
 
Old Nov 6, 2004 | 09:41 PM
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It's so po'-bastids like me
can have the hope of someday affording one!
 
Old Nov 6, 2004 | 11:25 PM
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GT2's will always hold their value, even my 993TT held its value till the end.

Great car.
 
Old Nov 6, 2004 | 11:27 PM
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Originally posted by mikesmith
Common Looks, Too many of them IMO..
Everybody has one these days it seems...
Now a GT2????????????????
Looked around latley good GT2's like 2002's can be had for mid 130's.
 
Old Nov 7, 2004 | 12:58 AM
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dealers give messive discount when they're new. sellers got scared by internet when they try to sell used.
 
Old Nov 7, 2004 | 12:59 AM
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Hey guys with the dollar at an all time low against the Euro (Germany has to sell the car at a higher price to the US Market to make the same profit) and that production on the TT will stop next year (less supply), there is a very good chance that you'll see the prices of used 996 TT's stabilize and maybe even increase over the next couple of years, IMO.
 
Old Nov 7, 2004 | 08:25 AM
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Originally posted by exS4
It's so po'-bastids like me
can have the hope of someday affording one!
That's classic. I'm hoping the same for the CGT...
 

Last edited by rockitman; Nov 7, 2004 at 08:37 AM.
Old Nov 7, 2004 | 08:34 AM
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911 Turbos used to be "rare", and hard to come by. The factory would produce few of them, and the cars retained their exclusivity.

My 1997 993 Turbo was my daily driver for 3 years. I sold it with 39,000 miles on it to a friend for $82k, which is what dealers had offered me.

I don't have the numbers, but many many times as many 996 Turbos have been produced, and they've been produced since mid 2000.

Dealers didn't used to discount 911 Turbos, and the cars would hold their value really well. Both scenarios have changed.

It's just the much much larger production numbers in relation to a somewhat larger demand.
 
Old Nov 7, 2004 | 08:36 AM
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the GT2 is the worst depreciater relative to its MSRP.

instant 60k hit the minute you take it home

(or 30-40%)~~
 
Old Nov 7, 2004 | 08:42 AM
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I think it's because 400-500 hp cars , whether they are sports/GT/sedans- are so common , almost mundane and spread across such a wide new car price range now, that for the great majority of casual buyers who care most about HP rating and would glaze over if you talk about area under the curve, max TQ, weight/hp,handling, stopping power, etc. has affected all these cars' resale , other than very limited cars like V8 Ferraris.
In other words, entry into the HP Club is so plentifully easy now.
 

Last edited by MKW; Nov 7, 2004 at 08:46 AM.
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