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

2001 996 Turbo value

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Old Apr 4, 2015 | 11:54 AM
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2001 996 Turbo value

I have considered buying a 997 Turbo and wanted to get an idea of what my car would be worth. It is a 2001 996 Turbo, seal grey with black interior, sport seats, several other options, 6 speed, MSRP was $ 127,000+ . It is stock except for a EPL flash and it was lowered when new with H&R springs. mileage is 6,550 miles. I purchased it in 2005 with 3,400 miles and I am the 2nd owner. I have all keys, window sticker and all documents from when it was new. It does have the 3m film on the front of the car. Has been garaged and covered since new and not in rain since I have owned it. Has had proper services and has been driven approximately twice a month. It is pretty much like new. I'm just trying to determine how much it would cost me to move to a 997 turbo and whether that would be a good move. It may not be worth it as little as I drive my car. Thanks for any input.
 
Old Apr 4, 2015 | 02:16 PM
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You will get lots of opinions but I would say high 40s low-mid 50s sounds about as good as they get. If you don't plan on using the 997 anymore then the 996 I say keep the 996 and your money. Your car sounds as nice as them come enjoy it.
 

Last edited by rmc1148; Apr 4, 2015 at 02:28 PM.
Old Apr 4, 2015 | 05:36 PM
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a 6k mile car I think would fetch a premium. 55k-60k. There is a 7k mile car on cars.com and I think it was asking 70k. Not saying anyone is paying it, but you'd be in line with what other ultra low mile cars are asking.

If you sell your car for anything with a 4 in front of it I will hunt you down and beat you with a tire iron.
 
Old Apr 4, 2015 | 06:05 PM
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I agree but get tired of the naysayers and arguments. This or any forum would be the last place I would ask values. Do a search on online markets and do an average asking and go from there.
 
Old Apr 4, 2015 | 08:25 PM
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Keep that many miles on it and in 10 years it will be worth $100k. With The Mezger motor it will become a highly sought after car.
 
Old Apr 4, 2015 | 08:58 PM
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Completely unscientific chart that takes data scrubbed from cars.com
This is the average asking price of all 996TT Coupes with a manual transmission.
I'm liking the trend.
 
Old Apr 4, 2015 | 09:14 PM
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Edmunds true value puts the car at 40k$ trade in value and 45k$ retail
 
Old Apr 5, 2015 | 06:58 AM
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Originally Posted by Highlander
Completely unscientific chart that takes data scrubbed from cars.com
This is the average asking price of all 996TT Coupes with a manual transmission.
I'm liking the trend.
Great job, the trend is an important piece of information, and Highlander has shown nicely the trend in pricing. Great to see it going up. However, now that it is spring, I'm willing to bet the n = number of cars for sale on cars.com (and elsewhere) is climbing as sellers hold off till better weather. Winter cars go cheaper as the buyer market is lower in the Northern zones. In fact, asking price is mostly impacted by the mileage on the car. But year over year the trend will surely be up. To the OP, your 6.5K mile car will be highly skewed upward, from my data asking price should be $60,500.

My data shows asking prices in this ballpark (a few % difference based on year and other options, e.g. glut of 2001 1st gen cars):
5k mi = $63k
20K mi = $51k
40k mi = $45k
60k mi = $42k
80k mi = $39k
100k mi = $38k

Find a car with a price below this trend that has been babied with all maintenance records and you are a winner.

Bottom line, the really low mile cars will command disproportionate prices. The upward trend in pricing will continue - the over-designed Mezger motor will be sought after now that 997.2 - 991 gen turbo has the (difficult to upgrade) DFI motor.
 

Last edited by DaveCarrera4S; Apr 5, 2015 at 07:01 AM.
Old Apr 5, 2015 | 07:15 AM
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2001 996 Turbo value

Thanks for all the input guys! The more I hear and think about my car I wonder if I should keep it. Right now that's the way I'm leaning. I really appreciate all the response.
 
Old Apr 5, 2015 | 08:02 AM
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Keep yours. I don't really see anything super compelling about the 997 that you would want to park in your garage and not drive versus the 996.
 
Old Apr 5, 2015 | 08:58 AM
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Originally Posted by leftlane
Keep yours. I don't really see anything super compelling about the 997 that you would want to park in your garage and not drive versus the 996.
This...

If you're not driving it, don't sell for nothing and get a 997 garage queen
 
Old Apr 5, 2015 | 09:09 AM
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agree w ttpopo if you're even capable of owning such a car and not driving it!? thereby limiting somewhat the diminishing value, then doing essentially the same thing with the newer 997tt makes about as much sense. in order for your car to really fetch big money, it will have to be one day recognized as the "car" that it is, and i don't think thats the car currently. again, just compare a 993c2 to a 996turbo money wise and i think that'll illustrate my point. there i NO rhyme or reason to that, it;s just madness, pure and simple lol

if it were me? i'd have to ask myself "why". if you do trade "up" make sure you get the 997.1tt which truly is the last of the mezger gt1 derived motors and will someday command a premium above and beyond what one might ordinarily expect from a barely driven tt.
 
Old Apr 5, 2015 | 10:43 AM
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I pulled this from yesterday's numbers.

It's pretty obvious from the numbers that the mileage has a much bigger contribution to price than the year does.

Miles on the Y axis, Price on the X axis.



 

Last edited by Highlander; Apr 5, 2015 at 10:48 AM.
Old Apr 5, 2015 | 06:39 PM
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NADA trade in value (low) $28275 High retail $37750.

Anything over NADA High Retail is great! I'd love to see you get $50K!

Sadly a dealer most likely would offer $25-$28K. Horrible, I know.

I was thinking about trading my DD in, it's a mint '13 model Subaru Crosstrek I've owned for 22 months. On a '15 model with trade, my car has depreciated almost 35% in under 2 years. They want to allow me $2K less than NADA "rough trade in price". @ 2 different dealerships, within a hundred $ or so from each other.

Your cost of ownership can be measured in $'s per mile.
 
Old Apr 5, 2015 | 08:04 PM
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NADA is not what any smart person would use with an older sports car of any type. Thankfully I'm sure he is not that stupid.
 
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