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996 GT2 Market (price) check

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  #1  
Old 10-28-2009, 04:25 PM
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996 GT2 Market (price) check

Gents,

Just checking here. I've searched the threads/posts, but wanted to put it to you (the experts) now.


0-10k miles
10k-20k miles
above 20k miles


Thanks in advance.


Greg
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  #2  
Old 10-28-2009, 05:01 PM
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0K-10K miles $78 - $85k
10K-20K miles $68 - $78k
20K plus $57 - $67K

2004's have a higher value, with 2003's next and 2002's last.

My opinion as to the REAL market value of the 996 GT2.. I just bought one and put 8 months of research into them.. priced out every one for sale in the USA and Canada, from 2002 to 2005 (2005 Canada only AFAIK, although I heard that 2 might have been sold in the USA)
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Old 10-28-2009, 05:06 PM
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Quote:
Originally Posted by 80shilling View Post
0K-10K miles $78 - $85k
10K-20K miles $68 - $78k
20K plus $57 - $67K

2004's have a higher value, with 2003's next and 2002's last.

My opinion as to the REAL market value of the 996 GT2.. I just bought one and put 8 months of research into them.. priced out every one for sale in the USA and Canada, from 2002 to 2005 (2005 Canada only AFAIK, although I heard that 2 might have been sold in the USA)
Great post. A friend is looking for one now....ill direct him to this thread for sure.
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Old 10-28-2009, 07:59 PM
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Quote:
Originally Posted by 80shilling View Post
0K-10K miles $78 - $85k
10K-20K miles $68 - $78k
20K plus $57 - $67K

2004's have a higher value, with 2003's next and 2002's last.

My opinion as to the REAL market value of the 996 GT2.. I just bought one and put 8 months of research into them.. priced out every one for sale in the USA and Canada, from 2002 to 2005 (2005 Canada only AFAIK, although I heard that 2 might have been sold in the USA)

Thank you very much for the real time info. How do you like your purchase?
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Old 10-28-2009, 08:04 PM
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If you check ebay right now, theres a silver 2004 with ~11k for 78k buy-it-now. Looks like a one-owner, but I have no idea about the history of the car.
http://cgi.ebay.com/ebaymotors/A-Rar...item45eeebe59e

Last edited by vr4henry; 10-28-2009 at 08:10 PM.
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Old 10-28-2009, 08:06 PM
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Quote:
Originally Posted by vr4henry View Post
If you check ebay right now, theres a silver 2004 with ~11k for 78k buy-it-now. Looks like a one-owner, but I have no idea about the history of the car.
That car was the deal of the century. Carfax was clean. But it sold yesterday according to the dealer. Not surprised...
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Old 10-28-2009, 08:11 PM
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Originally Posted by Divexxtreme View Post
That car was the deal of the century. Carfax was clean. But it sold yesterday according to the dealer. Not surprised...
No joke!? When I saw it, I thought it had to be too good to be true.

Bit more cash in hand, I woulda clicked the button.
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Old 10-28-2009, 08:16 PM
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Quote:
Originally Posted by One of Twenty View Post
Thank you very much for the real time info. How do you like your purchase?
It's quite amazing... I have owned a LOT of Cars thoughout my life, including multiple Porsches, BMW's etc, etc.. My last Car was a Corvette Z06 and it just didn't do it for me, so after 8 months of looking at all my options, including a Ferrari Challenge Stradale, BMW M6, Ferrari 430, Lambo Gallardo and a few others, I realized that the present market prices for the 996 GT2 put it well within my reach.. I looked at every Car I could and flew all over the USA and Canada looking at the Cars in person until I found mine.. It was PERFECT!! I bought it within 5 minutes of seeing it...

Natural brown leather interior, aluminum package, dark gray alcantara headliner and utterly flawlwss in every regard...




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Old 10-28-2009, 09:22 PM
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Great find! Congrats. Love the color combo.
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Old 10-28-2009, 09:52 PM
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Congrats on finding your car. Have a great timing driving it
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Old 10-28-2009, 10:02 PM
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Quote:
Originally Posted by c2scanada View Post
Congrats on finding your car. Have a great timing driving it
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Originally Posted by EZ Cookin View Post
Great find! Congrats. Love the color combo.
Thanks guys.. It's really the best Car I have ever owned and I'm loving it...
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Old 10-28-2009, 10:43 PM
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Quote:
Originally Posted by 80shilling View Post
0K-10K miles $78 - $85k
10K-20K miles $68 - $78k
20K plus $57 - $67K

2004's have a higher value, with 2003's next and 2002's last.

My opinion as to the REAL market value of the 996 GT2.. I just bought one and put 8 months of research into them.. priced out every one for sale in the USA and Canada, from 2002 to 2005 (2005 Canada only AFAIK, although I heard that 2 might have been sold in the USA)
Like 80shilling I have tracked the GT2 market weekly since 2002. They really need to be broken out by year and by mileage.

North American (US/Canada) Car Production
2002 - 184
2003 - 90
2004 - 24
2005 - 7 (2 Canada, 5 USA)

I generally agree with the pricing noted above, however a premium is paid for the 2004 and 2005 cars of $5k to $10k due to the rarity and to the fact that they were improved versions with motor upgrades and suspension changes. The 2004 for $78k noted was an absolute bargain.

There is currently a 2005 on Auto trader for $94k with 10K miles, but it has sat for sometime -the history is not clear (e.g. nice one owner car).

We have 1 member who bought a very nicely optioned black GT2 last year with 1,895 miles for $91k +/-, the car was for sale for over a year and changed hands between a few dealers. That was a very nice car and a good buy. My guess today is that car would sell for a similar price with a patient seller. But most dealers and hi line after market guys won't touch them, simply too hard to sell. The car is not for everyone!

Any low mileage GT2 (5k or less) with clean history for $85k or less will be a good buy in the long run. It is an exceptional car for true drivers, it is not for the faint of heart. It has no safety net except ABS and your own good sense and that will make it Porsche's last great Turbo that was totally raw! 20 years from now people will not believe you could buy such a car for the road.

Good luck with your search.

JCM
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Old 10-28-2009, 11:05 PM
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Thumbs up

Great information and great reply.. I'm always amazed by the sheer depth of knowledge that exists on this Forum.. I used it as an invaluable resource to figure out what I wanted and what I could do with my GT2..



Quote:
Originally Posted by supercup View Post
Like 80shilling I have tracked the GT2 market weekly since 2002. They really need to be broken out by year and by mileage.

North American (US/Canada) Car Production
2002 - 184
2003 - 90
2004 - 24
2005 - 7 (2 Canada, 5 USA)

I generally agree with the pricing noted above, however a premium is paid for the 2004 and 2005 cars of $5k to $10k due to the rarity and to the fact that they were improved versions with motor upgrades and suspension changes. The 2004 for $78k noted was an absolute bargain.

There is currently a 2005 on Auto trader for $94k with 10K miles, but it has sat for sometime -the history is not clear (e.g. nice one owner car).

We have 1 member who bought a very nicely optioned black GT2 last year with 1,895 miles for $91k +/-, the car was for sale for over a year and changed hands between a few dealers. That was a very nice car and a good buy. My guess today is that car would sell for a similar price with a patient seller. But most dealers and hi line after market guys won't touch them, simply too hard to sell. The car is not for everyone!

Any low mileage GT2 (5k or less) with clean history for $85k or less will be a good buy in the long run. It is an exceptional car for true drivers, it is not for the faint of heart. It has no safety net except ABS and your own good sense and that will make it Porsche's last great Turbo that was totally raw! 20 years from now people will not believe you could buy such a car for the road.

Good luck with your search.

JCM
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Old 10-28-2009, 11:09 PM
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I just looked again and the 2005 I noted with 10k miles on Autotrader (still listed as a 2005) is in fact the same car on Ebay as a 2004 for $78,995. Car fax shows the car as a Florida car, sold at auction with 7,500 miles +/-, then it shows up a year later in California with current mileage. That makes sense, as it was sold new in 7/04 - before any of the 2005's were produced.

Still if the car checks out it would be a great buy at that price.

JCM
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Old 10-28-2009, 11:23 PM
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I notice this 04 GT2 8 months ago, they were asking $115k. I thought they sold it but was up for sale 3 months later as "the owner's car" for $105K. A few weeks later it was 95K, then 89K and now 79K! 80shilling said he saw that car but bought a 03 GT2 in WA. I wonder what condition is that 04 GT2?.


Quote:
Originally Posted by vr4henry View Post
If you check ebay right now, theres a silver 2004 with ~11k for 78k buy-it-now. Looks like a one-owner, but I have no idea about the history of the car.
http://cgi.ebay.com/ebaymotors/A-Rar...item45eeebe59e
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