How much lower can it go? If your prediction turns out, ricers will soon be making fun of us 996 TT owners and our "CHEAP" cars, I agree with Jim, it can't go much lower, can it?

 

It happened with the E39 M5 in Europe, not because of the e60 M5 though, but 2nd hand market for expensive sedans isn't the best in EU. I have seen e39 M5's going for as low 199 000 SEK which is lower then what a civic type r is new.

 

It's a given that 996 TT prices will drop. Just look at how many TT's are advertised in Dupont. Some of those cars have been listed for more than a year without getting sold. It's clearly a fact that supply exceeds demand. When the 997 TT hits the market the demand will go down since prospective buyers will look for the new generation TT. Supply on the other hand will increase when current 996 TT owners try to unload their cars. Anyone that thinks above facts won't drive 996 TT prices down is living in lala land.
Ps I predict high mileage 01's (20K +) will sell for high 60's when the 997 TT becomes available.

 

The 993 turbo's are bringing just about as much as 01 996 turbo's. I love the exterior looks of the 993 turbo (use to own one) but the interior is the major drawback on the 993 versus the 996.

Hopefully the 997 turbo will address the exterior, by making it alot more agressive looking. But like others I am stuck with my 996 turbo for life!

 

Well said and I couldn't agree more.

 

I agree, Buddy. Well ,that and the fact that the last 4 digits of my cell phone are "0996" (that was on purpose...if I could have gotten "0993", I might have bought one).

While I agree with the 997, I fell in love with the "odd" headlights of the 996. It makes this gen stand out from all other gens. I love this car and can't see myself getting anything else, honestly. It is the first year of the water cooled engine. It holds a place in my heart.

 

I think years from now the 996 model line will be coveted for the headlight design. It completely broke away from the previous generations and with the 997 going right back to the standard oval...you're looking at a very unique car. I happen to love the current turbo lights and can't wait to get my hands on one. Now I just need to wait for the right one to become available.

 

Do I see prices going up? Can I dream can't I.

 

Well, IF we can destroy enough current 996TTs, we can drive the price up.

IF the 997TT prices go up too far, then more people might try and pick up the 996TT as a bargain. That could keep prices steady if not bump them up a few.

Take a look at the MKIV Supra TT for example.

 

That was not really me speaking. I was tring to find words from PMac's dictionary.

Hello? There is already a huge difference between 996 and 997 Turbos. Do you honestly think everyone who can spend 75 or 80 is the same person who can spend or is willing to spend 140-150? The numbers of prospective buyers increases exponentially as the price drops. The only thing the 997 will do is take a percentage of 996 owners who don't care about the big hit and want the latest, and put their cars on the market. This will not be a big percentage folks. Many cars have already been sold from the original owner which is what created the rather large drop we have already seen. The second owner is not a trade way up buyer. They are the one who stretched to get a phenomenal car at a great price and won't be selling anytime soon. These are the people who will help stabilize the price and won't/can't afford 997 Turbos.

 

the trade up buyer will certainly not be threatened by the increase in sticker of the new 997 turbo. However, the 996 turbo (as you agreed) will now fall into the preowned pool and even if the demand is high, which might not occur, it will see a decrease in value just by being in this category. i disagree with you w/r to the group of present porsche owners who will take the leap up. traditionally, the porsche owner,whether being a plain carrera or the turbo, play a significant role in the demand for the new turbo. As their leases come to an end or they have contracted the "porsche fever", their curiousity increases. If the negative equity on their car is low, the percentage desiring this new "993-996" hybrid turbo will ,IMO, increase.

 

I agree somewhat but previously a 911 Turbo was a solid move that didn't depreciate that much. i think the 996 saw greater depreciation faster for whatever reason. I think some might go elsewhere, not to a 997, as a result of what went on. All of this is a guess and we'll have to refer back to this in a year or so to see who was closer to right.

 

you bring up a good point that some might go elsewhere and not to the 997...what cars would you suppose they would consider?

 

The only thing to do is double down. I would love to buy a GT2 on the cheap, although the though of driving it daily makes me a touch nervous.

 

I thought you were going to buy 2