Should I give away my 996TT?
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Look, I completely expect any OTHER car to depreciate. However, Porsche has a history of maintaining low production, thereby supporting exclusivity and resale values.
The 996TT hit and 50 years of a certain business philosophy was thrown right out the window.
Porsche tricked people by severely restricting the # of 996TTs when they first came out in mid-2000. That forced initial premiums of up to $50K over sticker. 8-12 months later, they beefed up production and the market value landslide began.
Mercedes has done the same thing with their AMG cars.
The 996TT hit and 50 years of a certain business philosophy was thrown right out the window.
Porsche tricked people by severely restricting the # of 996TTs when they first came out in mid-2000. That forced initial premiums of up to $50K over sticker. 8-12 months later, they beefed up production and the market value landslide began.
Mercedes has done the same thing with their AMG cars.
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Originally posted by dennywags
yeah, those guys at porsche are real bastards for building enough cars to meet demand. i think they might be trying to trick everyone so the can make a profit. i bet some of porsche's work force might make enough money to actually afford a 996tt. it is this type of capitalism that is making it impossible to pay off one's credit card debt thus ruining the world.
who the **** is everyone on this forum ripping off so they can afford a $140k car. i am sure you work hard and are good at what you do, but so are the men and women at porsche.
the fact that your porsche depreciated should not be surprising news.
go buy a ferrari and lock it in your garage if you want resale value.
otherwise, suck it up and be happy you have a world-class car.
yeah, those guys at porsche are real bastards for building enough cars to meet demand. i think they might be trying to trick everyone so the can make a profit. i bet some of porsche's work force might make enough money to actually afford a 996tt. it is this type of capitalism that is making it impossible to pay off one's credit card debt thus ruining the world.
who the **** is everyone on this forum ripping off so they can afford a $140k car. i am sure you work hard and are good at what you do, but so are the men and women at porsche.
the fact that your porsche depreciated should not be surprising news.
go buy a ferrari and lock it in your garage if you want resale value.
otherwise, suck it up and be happy you have a world-class car.
capitalism and credit cards? lack of self control? morbid obesity?
blame someone else... you are the victim - simply unlucky in life...
sounds like tom daschle!
"...They are the ones who "won life's lottery." The evil rich. Shameless exploiters of the common man. Selfish and greedy cretins who never pay their fair share of taxes. Lexus-driving ogres who manipulate our economy for their own benefit. Bad people indeed. ..."
http://worldnetdaily.com/news/articl...TICLE_ID=31216
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Originally posted by trojanman
Look, I completely expect any OTHER car to depreciate. However, Porsche has a history of maintaining low production, thereby supporting exclusivity and resale values.
The 996TT hit and 50 years of a certain business philosophy was thrown right out the window.
Porsche tricked people by severely restricting the # of 996TTs when they first came out in mid-2000. That forced initial premiums of up to $50K over sticker. 8-12 months later, they beefed up production and the market value landslide began.
Mercedes has done the same thing with their AMG cars.
Look, I completely expect any OTHER car to depreciate. However, Porsche has a history of maintaining low production, thereby supporting exclusivity and resale values.
The 996TT hit and 50 years of a certain business philosophy was thrown right out the window.
Porsche tricked people by severely restricting the # of 996TTs when they first came out in mid-2000. That forced initial premiums of up to $50K over sticker. 8-12 months later, they beefed up production and the market value landslide began.
Mercedes has done the same thing with their AMG cars.
Bond
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If Porsche were marketing a totally new vehicle concept (like the Cayenne), I could understand a limited initial run.
I hardly think that Porsche had any doubt that they would sell every 996TT that they built.
Porsche already had a history of building breathtaking Turbo cars. Why would the 996TT be any different?
I hardly think that Porsche had any doubt that they would sell every 996TT that they built.
Porsche already had a history of building breathtaking Turbo cars. Why would the 996TT be any different?
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Maybe I only speak for myself, but I am going to keep my 996 TT until I fall in love with the 997 TT. I cannot sell it (no matter at what price), since I wouldn't know what to buy else. Ferraris and Lambos are too exotic to become an everyday driver and most other pseudo alternatives are either too pimp or no good rides at all.
To me there's a lot of truth in "There is NO substitute." And if the 997 TT does not turn out to be a kick-*** car, then I keep it until the 998 hits the streets.
To me there's a lot of truth in "There is NO substitute." And if the 997 TT does not turn out to be a kick-*** car, then I keep it until the 998 hits the streets.
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trojanman,
don't worry what others are saying. you're got your priorities in line. I did the same:
-paid my way to college and medical school
-bought a house
-got married
-had kids
-bought a GT3(after owing honda civic, E3 M3, BoxsterS, E46 M3)
Tony
don't worry what others are saying. you're got your priorities in line. I did the same:
-paid my way to college and medical school
-bought a house
-got married
-had kids
-bought a GT3(after owing honda civic, E3 M3, BoxsterS, E46 M3)
Tony
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That's my strategy with the TT too, Marx. Now that I got it flashed, there's no way I'm trading for a newer car with less hp. I'm waiting for the 998 no matter what. The 997 design has actually taken a big step backwards in terms of visual excitement to me.
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Good for u, Tony. School should teach everyone the right priorities.
And for all those kids out there who are browsing this board, take your time and do it right guys. Don't max out your first job's paycheck just to get your hands on these cars. Save up and invest in some real estate first.
And for all those kids out there who are browsing this board, take your time and do it right guys. Don't max out your first job's paycheck just to get your hands on these cars. Save up and invest in some real estate first.
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Originally posted by trojanman
I'm selling because I want to rid myself of the payment that is 3/4 as much as my house payment! I'm hot to sell it by Friday because another payment is due. I'm further motivated to REALLY sell it before March, because it's under warranty until the end of march. I feel that the factory warranty acts as a catalyst to help move a deal along.
I'm a young guy (25) and I'm just getting my priorities in order. Selling the car will allow me to pay off my revolving debt in 16 months instead of 5 years, and it will allow me to buy my dream engagement ring for my GF next year.
I may take over a short term lease on a car from www.swaplease.com or www.leasetrader.com
Lots of people try to ditch their cars in the last few months of a lease. Some examples that interest me: 2004 FX45 with 14 months remaining, 2003 M3 Cab with 7 months remaining...you get the idea.
This way, I don't have to get locked into a car for an extended period, and I don't have to worry about selling it in this crappy market.
Either that or I may go in halfsies with my dad's SL55.
I'm selling because I want to rid myself of the payment that is 3/4 as much as my house payment! I'm hot to sell it by Friday because another payment is due. I'm further motivated to REALLY sell it before March, because it's under warranty until the end of march. I feel that the factory warranty acts as a catalyst to help move a deal along.
I'm a young guy (25) and I'm just getting my priorities in order. Selling the car will allow me to pay off my revolving debt in 16 months instead of 5 years, and it will allow me to buy my dream engagement ring for my GF next year.
I may take over a short term lease on a car from www.swaplease.com or www.leasetrader.com
Lots of people try to ditch their cars in the last few months of a lease. Some examples that interest me: 2004 FX45 with 14 months remaining, 2003 M3 Cab with 7 months remaining...you get the idea.
This way, I don't have to get locked into a car for an extended period, and I don't have to worry about selling it in this crappy market.
Either that or I may go in halfsies with my dad's SL55.
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My gosh, there are so many turbo's around you see them on every street cornor. 
Do you like the car because everyone wants one and there just isn't enough to go around? 
If that is why anyone bought it .......... big mistake. 
I can remember picking up my first 289 AC Cobra used for $4,500.00. Yeah, no one wanted one. You couldn't give them away. They were not practical for the average person with a family 
Forget what other people like or want. You need to find out if you really want it. In addition you need to determine if you can really afford to buy and maintain. It sounds like many buyers had the herd mentality in addition to not really being able to afford what they were buying. Not a bad situation for Porsche.
However, this still does not make it any less of a car, again providing you like it, can afford it and it fits into your stage in life. Face it, it's not a family car or an everyday driver for 99+% of the population.
Do you like the car because everyone wants one and there just isn't enough to go around? If that is why anyone bought it .......... big mistake. I can remember picking up my first 289 AC Cobra used for $4,500.00. Yeah, no one wanted one. You couldn't give them away. They were not practical for the average person with a family Forget what other people like or want. You need to find out if you really want it. In addition you need to determine if you can really afford to buy and maintain. It sounds like many buyers had the herd mentality in addition to not really being able to afford what they were buying. Not a bad situation for Porsche.
However, this still does not make it any less of a car, again providing you like it, can afford it and it fits into your stage in life. Face it, it's not a family car or an everyday driver for 99+% of the population.Last edited by cjv; Feb 9, 2005 at 11:19 PM.
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Originally posted by Marc996Miami
Its a car and the book is what people work by forget mods and that stuff. It is not art...your analogy holds no water with me this is not some free market economy study. they made a fuc*** boatload of 996's of all types and the RESALE sucks ****...Look at 993 values they are still holding strong. Porsche has opened up the flooedgates since 1999 w/ the 996 intro and where I live in S. Fla as well as many other metro areas 996's TT's and all are a dime a dozen and thats what they are selling for!
Its a car and the book is what people work by forget mods and that stuff. It is not art...your analogy holds no water with me this is not some free market economy study. they made a fuc*** boatload of 996's of all types and the RESALE sucks ****...Look at 993 values they are still holding strong. Porsche has opened up the flooedgates since 1999 w/ the 996 intro and where I live in S. Fla as well as many other metro areas 996's TT's and all are a dime a dozen and thats what they are selling for!
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Originally posted by Marx
Maybe I only speak for myself, but I am going to keep my 996 TT until I fall in love with the 997 TT. I cannot sell it (no matter at what price), since I wouldn't know what to buy else. Ferraris and Lambos are too exotic to become an everyday driver and most other pseudo alternatives are either too pimp or no good rides at all.
To me there's a lot of truth in "There is NO substitute." And if the 997 TT does not turn out to be a kick-*** car, then I keep it until the 998 hits the streets.
Maybe I only speak for myself, but I am going to keep my 996 TT until I fall in love with the 997 TT. I cannot sell it (no matter at what price), since I wouldn't know what to buy else. Ferraris and Lambos are too exotic to become an everyday driver and most other pseudo alternatives are either too pimp or no good rides at all.
To me there's a lot of truth in "There is NO substitute." And if the 997 TT does not turn out to be a kick-*** car, then I keep it until the 998 hits the streets.
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Sorry, but I think you should sell it if you are serious. 2.5 K is not a reason not to sell...what is that like 4% or 5%. I don't think the price will be going up on the 911.
As far as everyone complaining about how Porsche made too many, which is bringing down the price. What if they made 400 or so? They would get a big premium on the price, there would be hardly any 996 TT members on the board and probably all the people complaining about the depreciation would be complaining that the cars were not obtainable due to the high cost and low production numbers.
I always thought Porsche was about "the every day driving super car" right?
As far as everyone complaining about how Porsche made too many, which is bringing down the price. What if they made 400 or so? They would get a big premium on the price, there would be hardly any 996 TT members on the board and probably all the people complaining about the depreciation would be complaining that the cars were not obtainable due to the high cost and low production numbers.
I always thought Porsche was about "the every day driving super car" right?
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i dont want to sound like a jerk (but i might do) PAY cash or else dont get a ANY car.. and thats even MORE important when it comes to a "sports" car
they cost ALOT when new but come resale time...you CANT/WONT get MOST of your money back...(dont forget to add up the fun value of the car)
i think that you are smart selling at this time..and im not talking about the price or anything else..but the fact thatyou need to get ur bills paied and most important of all BUY your own house and PAY for it..then get a car
take care and g luck to whatever YOU decide to do
they cost ALOT when new but come resale time...you CANT/WONT get MOST of your money back...(dont forget to add up the fun value of the car)
i think that you are smart selling at this time..and im not talking about the price or anything else..but the fact thatyou need to get ur bills paied and most important of all BUY your own house and PAY for it..then get a car
take care and g luck to whatever YOU decide to do