Value of 996TT increasing?
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Originally Posted by Kevin D
I have a dealership and have sold many high-line automobiles including 996 TT's....I haven't seen this, may be localized. If anything, 996 TT prices are dropping like a rock* I regularly see them in the high-50's to low 60's in the auctions (01-&02's with 40-55K miles) ...I think the bottom on these cars will be the low 50's.....after that, depreciation slows to a snails pace for this model line and be soley dependant on mileage and condition.
--Kevin
--Kevin
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Also, the prices may be increasing from a seasonal point of view. I know during the winter months, sports cars and convertibles tend to get real "soft" in th market place. Of course with the better weather coming, these cars tend to get stronger (price wise). How many people are looking to spend upwards of 100k on a 911 Turbo or any Porsche during the winter months with snow on the ground and not be able to really drive the car much until spring. Keep in mind alot of us on here are not "garage queens" with our cars, but we are only a small part of the whole Porsche family, and I am sure there are tons of people who buy these cars and only drive them on Sundays. Once again my thoughts and opinion only.
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Originally Posted by Finality
Kevin do you have the latest auction prices?
** $66,900 for 15K miles is HIGH for these cars...
** $60,400 for 30K miles is Average price for these cars...
** $53,900 for 45K miles is Low range price for these cars...
I'm already seing price hit the low 50's for 01 TT's. 45K miles is not bad at all IMO either....
...as i said, the prices are "dropping like flies" for the TT's...01 & 02's with a little bit of mileage on them will be great bang for the buck in the near future. ( I think I'll start seeing high 40's for 01 TT's near the end of this year when the 997TT's debut)
--- Kevin
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