Excellence Magazine pricing update for 996TT, October 2010
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I paid about 47k for my 2002 with 19.5k on the clock about 14 months ago. Not sure how to respond after seeing these numbers.
I did get 2 sets of wheels (stock and HRE's) and 2 rear decklids (one with stock spoiler and the other Mashaw GT2).
I did get 2 sets of wheels (stock and HRE's) and 2 rear decklids (one with stock spoiler and the other Mashaw GT2).
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you guys can call bs all you want, and sure, the low price is hideously low, obviously 100k mile vehicles that are beat to sh*t. at the same time, if you browse the FS section of this exact forum, you will find numerous 996TT's, clean, reasonable miles listing at 38k, 39k, 40k that just sit with no buyers.
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Been keeping an eye around for a while and the starting point that I have seen for 2001s has been around 38-40. Although the scary thing is the numbers for the 997tt seem to be pretty close to what I have been seeing. Starting at about 70 for lower options and about 40k mi...
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you guys can call bs all you want, and sure, the low price is hideously low, obviously 100k mile vehicles that are beat to sh*t. at the same time, if you browse the FS section of this exact forum, you will find numerous 996TT's, clean, reasonable miles listing at 38k, 39k, 40k that just sit with no buyers.
Tiptronic is also a value killer...same price of an 01 6speed, you can get an 03 tip for the same price (maybe in better condition, too)
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Most of the ones that sit with no buyers below $40K are modded or have some story behind them. The ones listed at dealerships that are under $40K ALL have some paint work done (at least I was not able to find a low price car in excellent shape under $40k at a dealership). At 9 years of age, the condition impacts the price significantly. I bought mine with a little more mileage, no service records, but in mint condiiton in the mid 30s. The ones I saw with less mileage and/or service records had a premium of about $4K-$8K.
Tiptronic is also a value killer...same price of an 01 6speed, you can get an 03 tip for the same price (maybe in better condition, too)
Tiptronic is also a value killer...same price of an 01 6speed, you can get an 03 tip for the same price (maybe in better condition, too)
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As someone lurking and looking at these cars, there is a huge difference between what the cars that folks frequenting the boards vs. not are priced at (some is in true value, some perceived). 996TTs that are immaculate, perfectly serviced, etc. should command a premium, and sellers generally find out what is true value vs. perceived value. Joe Average selling his car that he has had dealer serviced at recommended intervals, put the standard 7-9k miles/year on and done nothing else to, is likely closer to this range.
My observation is that many of you own cars that are true statistical outliers and would not be included in a pricing analysis like this. You can see their pricing logic through the link titled "Behind the Numbers" on their page http://www.excellence-mag.com/resour...uide/186787951.
Of note, they are careful to make the point that cars at the higher end of the price range are usually better values.
My observation is that many of you own cars that are true statistical outliers and would not be included in a pricing analysis like this. You can see their pricing logic through the link titled "Behind the Numbers" on their page http://www.excellence-mag.com/resour...uide/186787951.
Of note, they are careful to make the point that cars at the higher end of the price range are usually better values.
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I agree with you. Mods don't necessarily bring any more value, in many instances lower the value of these cars. A perfectly clean example will get significantly more than what the magazine is suggesting, but from what I have seen, there are very few of these low mileage clean cars around. I know because I'm shopping around to get back into one of these things. :P
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you guys can call bs all you want, and sure, the low price is hideously low, obviously 100k mile vehicles that are beat to sh*t. at the same time, if you browse the FS section of this exact forum, you will find numerous 996TT's, clean, reasonable miles listing at 38k, 39k, 40k that just sit with no buyers.
I think the prices ranges on here are pretty close to the actual selling price.
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I think it really depends on the car. As an example, on the 23rd of this month a 2001 996TT sold at the Manheim auto auction in Riverside, CA for $44,500.00 with just under 17000 miles. I recently turned down $48,000.00 for my 9000 miles car. As you all know, condition and history plays a big part in these prices. That's my two cents
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I believe there was also a 2001 996TT that sold at auction this month for $29K with 80K miles with a lot of mods.
A few months ago, there was a 2001 996TT that sold at auction for ~24K with ~60K miles, modded, no trunk or hood lids. The dealer who bought it found a hood and trunk and is trying to sell it for $37K today.
As these cars get older, I am pretty sure the lows and highs will drift further apart.
A few months ago, there was a 2001 996TT that sold at auction for ~24K with ~60K miles, modded, no trunk or hood lids. The dealer who bought it found a hood and trunk and is trying to sell it for $37K today.
As these cars get older, I am pretty sure the lows and highs will drift further apart.
I think it really depends on the car. As an example, on the 23rd of this month a 2001 996TT sold at the Manheim auto auction in Riverside, CA for $44,500.00 with just under 17000 miles. I recently turned down $48,000.00 for my 9000 miles car. As you all know, condition and history plays a big part in these prices. That's my two cents
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I don't have any vested interest in this as I sold my TT last year, but the numbers don't seem too far off. Add $5K if you like, and that's where the market will be.
Like stated, there are a couple of nice mildly modded TTs on the site here asking in the high 30s. I have started looking at these cars again as of late since I mentioned to a friend of mine how cheap they are now, and he is looking to pick one up.
Like stated, there are a couple of nice mildly modded TTs on the site here asking in the high 30s. I have started looking at these cars again as of late since I mentioned to a friend of mine how cheap they are now, and he is looking to pick one up.
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Just to play devil's advocate a bit - the article was a market-update "buyer's guide" for all U.S. 911 turbos, 1976-77 through 2007. Did you also feel that the 964T (965) or 993TT valuations were below market?
1994 low: $40,100
1994 high: $53,700
1996 low: $49,100
1996 high: $65,800
1997 low: $49,500
1997 high: $66,300
Or, how about the 997TT?
2007 low: $68,200
2007 high: $91,300
If not - do you think Excellence's research dept. has an axe to grind with 996TTs? It's probably fair to ask... why would they? It also appears that '03 and '04 values listed are pretty close to market asking prices at present - maybe the premium is that you still find clean, low-mileage CPO'd vehicles from dealerships for those model years? IDK.
To quote from the article's "What to Buy" concluding paragraphs... "Perhaps the best value of the bunch is the 996 Turbo, which has fallen out of favor aesthetically but remains a technical tour de force." While I personally rather like the aesthetics of the 996TT, I realize the Excellence quote above is an opinion shared by many... styling is a very subjective topic. Overall, I'd hazard a guess that the ranges quoted by Excellence are closer to true market valuations than seller's asking prices for unsold vehicles, or insurance replacement-value quotes. YMMV, of course.
1994 low: $40,100
1994 high: $53,700
1996 low: $49,100
1996 high: $65,800
1997 low: $49,500
1997 high: $66,300
Or, how about the 997TT?
2007 low: $68,200
2007 high: $91,300
If not - do you think Excellence's research dept. has an axe to grind with 996TTs? It's probably fair to ask... why would they? It also appears that '03 and '04 values listed are pretty close to market asking prices at present - maybe the premium is that you still find clean, low-mileage CPO'd vehicles from dealerships for those model years? IDK.
To quote from the article's "What to Buy" concluding paragraphs... "Perhaps the best value of the bunch is the 996 Turbo, which has fallen out of favor aesthetically but remains a technical tour de force." While I personally rather like the aesthetics of the 996TT, I realize the Excellence quote above is an opinion shared by many... styling is a very subjective topic. Overall, I'd hazard a guess that the ranges quoted by Excellence are closer to true market valuations than seller's asking prices for unsold vehicles, or insurance replacement-value quotes. YMMV, of course.
OMG LMAO, try finding a clean 1994 3.6 Turbo for $50k. A quick Autotrader search shows the cheapest 965 3.6 Turbo (1993-1994) at $70k.So Exellence also missed their mark on that generation
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If you're interested, simoncpj's post links to the electronic version of the article, and there's a rather in-depth pop-up you can open that explains their methodology. Infallible? Of course not... but makes for a handy guide and starting point (IMHO).
Last edited by c32AMG-DTM; Sep 29, 2010 at 12:52 PM.
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I've been on both sides of this argument recently (I bought my turbo 2 months ago)
Before I bought one, I was very much of the opinion that sellers believed their cars were more valuable than the market believed ...
Now that I own one, I am disappointed with what the market believes my car is worth ...
I paid above the high end of the stated range.
The cars that I found that fell in the range weren't worth having, IMHO. I know people have found screaming deals and I looked and looked and looked for one myself.
In the end, I decided to "pay up" for the one I wanted.
If I needed to sell my car today, I would find it very difficult to sell within $5k of what I paid for it. If I was willing to wait it out, market prices would just continue to fall.
I hope that the floor for prices is $30k and they never fall below that level. It is a bit discouraging to see prices falling about $10k a year though.
Before I bought one, I was very much of the opinion that sellers believed their cars were more valuable than the market believed ...
Now that I own one, I am disappointed with what the market believes my car is worth ...
I paid above the high end of the stated range.
The cars that I found that fell in the range weren't worth having, IMHO. I know people have found screaming deals and I looked and looked and looked for one myself.
In the end, I decided to "pay up" for the one I wanted.
If I needed to sell my car today, I would find it very difficult to sell within $5k of what I paid for it. If I was willing to wait it out, market prices would just continue to fall.
I hope that the floor for prices is $30k and they never fall below that level. It is a bit discouraging to see prices falling about $10k a year though.
