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

Advice for a noob please?

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Old May 28, 2011 | 07:01 AM
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Question Advice for a noob please?

Hey guys, new old guy here. Looking for some opinions from some Porsche experts please. I'm seriously thinking about picking up a used 996TT. I would be raiding my retirement money as a treat to myself for having made it through a recent brain tumor removal adventure. Due to the source of my funds I am concerned about how the car will hold it's value in the future. I'm seeing quite a few really nice, low mile cars in the 50's. From what I have been reading, while doing my best to educate myself, they seem to be very reliable. We had owned an 87 911 cab some years back & had a great time with it. My biggest fear is having the car for a short while & getting hammered with a giant repair bill.

In your opinions do you think these cars will somewhat hold at their present price levels in coming years? Anything scary (moneywise) about these cars I am missing? I had a local shop suggest a C4S over the TT but they didn't give me any good reasons why they thought this. I have not driven a C4S yet, but had a good drive in an 03 TT & was blown away by the low & midrange power these cars have. I would just be using it for pleasure use in the twisties so my added mileage would be relatively low. Thanks in advance for any help & advice you can give me.
 

Last edited by Oldfart; May 28, 2011 at 08:55 PM.
Old May 28, 2011 | 10:34 AM
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Welcome to the addiction that is this forum. You won't be dissapointed if you buy a 996tt. They are simply awesome cars. You are bound to get plenty of biased info here since we all love these cars. Others will have more info for you than me since I've only owned mine for just over a year but it has been a great 1st year and I have researched the hell out of these cars for the past couple years. I was in the same boat as you a few years ago trying to decide between a 996 C4S and a 996 turbo and I opted for a 2002 996 C4S that I got a great deal on. As you can see that didn't last long and I realized I longed to have the turbo so I bought one and sold the C4S. If all the HP of the turbo isn't something you long for, the C4S is plenty of car and is lots of fun as well. I recommend you drive both. It is basically a 996 turbo without the amazing GT1 engine or the turbos of course. Other than that they look similar have the same wide body, same suspension, same wheels, and same brakes. I think mechanically you are not really losing much if any reliability with the turbo over the C4S. The GT1 engine in the turbo is much stouter than the engine that goes into the C4S and handles the increased power easily. There are however some items that are problems and should be looked out for with the 996tt. A good pre purchase inspection by a reputable Porsche mechanic before you purchase can weed out some of the cars that might have problems. Some issues I can think of off the top of my head is the clutch slave/accumulator system is prone to failure, the hydraulic rams on the spoiler fails, and coolant expansion tanks crack and leak, and coolant hoses have come loose (see recent thread on this). Obviously if you can get a good car that has some aftermarket warrenty or Porsche CPO warrenty that is even better.

If you search the archives you'll find a lot of information on these cars. The 996tt is undervalued right now due to the economy. Myself and many others on here see the 996tt holding its value over the years as the economy recovers but really who knows what will happen. It's hard to see the values on these cars falling too far given the exceptional performance. Great examples of these cars can be had from the high $30k to $50k range.

Good luck in your search
 
Old May 28, 2011 | 10:40 AM
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Ask yourself "if I were driving a C4 and a turbo drives by, will I still want the turbo"? Because I can guaranty you if you are driving the turbo and a C4 drives buy, you won't want the C4.
 
Old May 28, 2011 | 12:07 PM
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Originally Posted by landjet
Ask yourself "if I were driving a C4 and a turbo drives by, will I still want the turbo"? Because I can guaranty you if you are driving the turbo and a C4 drives buy, you won't want the C4.
Funny thing is, that is exactly what was I was thinking when a local shop suggested the C4 instead. I had an immediate, "Yes, but ..... " in my head. I couldn't stop thinking about the unreal bottom end these cars have. The 2 things that blew me away were the torque & how well the all wheel drive hooked up to eliminate most of the squirelly behavior that many high powered cars can have.
 
Old May 28, 2011 | 06:13 PM
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I wanted a Turbo as a little kid back in the 80's. Several times I almost settled for a non turbo (c4s or gt3) but decided that I should wait for what I want. It took a few extra years, but mine is a dream come true.

What are you looking for and what do you want it to do? The answer should point you in the right direction.

If its just to satisfy your desire to own a Porsche, a non turbo might be a good direction. If its to scare the wife and beat up on kids in Audi's, you need boost.
 
Old May 28, 2011 | 06:24 PM
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My story exactly.


To The OP a high miles car will always be cheap and probably reliable if you get nice car. A low miles car will be relatively expensive. The question is are you going to put a LOT of miles on a low mileage car and make it high mileage car? if so get the high miles car. If not get the nicest example and keep it pristine and it will retain a lot of value.

Originally Posted by 03 996tt
I wanted a Turbo as a little kid back in the 80's. Several times I almost settled for a non turbo (c4s or gt3) but decided that I should wait for what I want. It took a few extra years, but mine is a dream come true.

What are you looking for and what do you want it to do? The answer should point you in the right direction.

If its just to satisfy your desire to own a Porsche, a non turbo might be a good direction. If its to scare the wife and beat up on kids in Audi's, you need boost.
 

Last edited by Turbo Fanatic; May 28, 2011 at 06:35 PM.
Old May 28, 2011 | 06:35 PM
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Will the extra $10K really make a difference in your retirement nest egg? I'd go for #1 on your list...get the Turbo for a bit of a premium and you'll never look back. Good luck with your decision!
 
Old May 28, 2011 | 08:51 PM
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Originally Posted by 03 996tt
I wanted a Turbo as a little kid back in the 80's. Several times I almost settled for a non turbo (c4s or gt3) but decided that I should wait for what I want. It took a few extra years, but mine is a dream come true.

What are you looking for and what do you want it to do? The answer should point you in the right direction.

If its just to satisfy your desire to own a Porsche, a non turbo might be a good direction. If its to scare the wife and beat up on kids in Audi's, you need boost.
I'm just looking for a fun back road blaster when the mood is right, just for me. Beating up on the kids in their Audi's & the Ricer crowd would be some EXTRA fun.
 
Old May 28, 2011 | 08:54 PM
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Originally Posted by ari
My story exactly.


To The OP a high miles car will always be cheap and probably reliable if you get nice car. A low miles car will be relatively expensive. The question is are you going to put a LOT of miles on a low mileage car and make it high mileage car? if so get the high miles car. If not get the nicest example and keep it pristine and it will retain a lot of value.
I would not be piling on miles. I have a beater van, a Volvo V70R, & a few bikes so it would be just for when I want to go have some fun with it. I'm thinking a low miles, really clean car would fit the bill.

Thanks very much for the informative answers from everyone.
 

Last edited by Oldfart; May 28, 2011 at 09:00 PM.
Old May 29, 2011 | 08:46 AM
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Where are you in the Northeast?
 
Old May 29, 2011 | 10:19 AM
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I think the term "ricer" is mainly used in the biker world. Dont like it used in this forum if you catch my drift
 
Old May 29, 2011 | 11:04 AM
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Originally Posted by terrywakayama
I think the term "ricer" is mainly used in the biker world. Dont like it used in this forum if you catch my drift
I don't. Seems like the term accurately defines a type of car/mod crowd that is commonly seen on 4 wheels.

So what am I missing?
 
Old May 29, 2011 | 10:28 PM
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Given the depressed prices of a 996TT, it's very hard not to say yes.
 
Old May 30, 2011 | 01:16 AM
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Originally Posted by ard
I don't. Seems like the term accurately defines a type of car/mod crowd that is commonly seen on 4 wheels.

So what am I missing?
Maybe he's Asian and takes it as a racial slap as opposed to a term to describe a style. I use the term occasionally as it is the quickest easiest way to imply a visual. But I understand how some people take it. Perhaps rightfully so.

Jim
 
Old May 30, 2011 | 12:57 PM
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Originally Posted by Oldfart
Hey guys, new old guy here. Looking for some opinions from some Porsche experts please. I'm seriously thinking about picking up a used 996TT. I would be raiding my retirement money as a treat to myself for having made it through a recent brain tumor removal adventure. Due to the source of my funds I am concerned about how the car will hold it's value in the future. I'm seeing quite a few really nice, low mile cars in the 50's. From what I have been reading, while doing my best to educate myself, they seem to be very reliable. We had owned an 87 911 cab some years back & had a great time with it. My biggest fear is having the car for a short while & getting hammered with a giant repair bill.

In your opinions do you think these cars will somewhat hold at their present price levels in coming years? Anything scary (moneywise) about these cars I am missing? I had a local shop suggest a C4S over the TT but they didn't give me any good reasons why they thought this. I have not driven a C4S yet, but had a good drive in an 03 TT & was blown away by the low & midrange power these cars have. I would just be using it for pleasure use in the twisties so my added mileage would be relatively low. Thanks in advance for any help & advice you can give me.
The car will be a depreciating asset and will require further expenses to maintain and keep it in the road.

The car has no collectibilty so will probably follow the depreciation curve and continue to lose value as you own and drive it.

You can mitigate the depreciation somewhat by buying a good car, for reasonable money, giving it good servicing, leaving it stock and staying off the track.

The car in this case will depreciate less then it would otherwise.

Then there is this: Another risk is if the car is not covered by some warranty it can suffer a serious problem that can have you facing thousands to repair. These cars sold new for $120K (my 03 Turbo cost its owner $119K and change) and they are complicate and rather expensive to have serviced and if something goes wrong repaired.

In the worst case if the engine say fails you could be facing a repair bill that might approach 50% or more of the car's value before the engine got sick.

Next comes this: Be sure you have good insurance. The car is at risk from things beyond your control. An accident or something else (flood, fire, tree falling on the car) can erase any value the car might have had before the incident.

Oh, I'm sure you know this but a purchase like this should in no way materially affect your retirement income or the principle upon which you depend for this income.

I know some people in their 90's who have been retired for over 30 years and thankfully have sufficient investments and pension income to let them live comfortably, though not lavishly. But everytime I visit them they tell me of other retirees who are having to tap into their savings/retirement money to make day to day living expenses simply because the amount of money they had set aside doesn't produce the retirement income they had anticipated or in a few cases they touched this money earlier in their retirement to fund a second house purchase, a dream vacation, or something similar.

Oh, thank goodness you are on the road to recovery after your cancer experience. All the best to you.

Sincerely,

Macster.
 


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