Forget it! I deleted my response, its not worth it

 

it probably has 200,000 miles & has a salvaged title!

 

Yup I am guessing th same thing.

 

As a recent purchases I can tell you there are many sellers and relatively few buyers. There are cars with clean titles available for sub 20K with around 100K miles.

FWIW many of those cars have been thrashed and although it won't show up on the title those cars are every bit as problematic as a rebuilt salvage. I started on my journey thinking I could keep it below 20K. Four PPIs later I boosted my budget my a hefty margin and got a great deal on a great car.

Will prices go up? Or even stabilise? Hard to say, but supply and demand has to play a part. As atr911 said Porsche increased manufacturing output with the 996 and that will affect the equation, however, I *believe* that maybe there are a few more motivated sellers out there than normal(?) Maybe the current outlook is making a few people put off their 'toy' purchases(?)

If the economy picks up maybe fewer sellers and more buyers(?) Should at *least* stabalise the price.

And as long as the pleasure you get from you car hasn't depreciated .....don't worry, be happy!

 

For those of us with 996's,particularly older ones the worst is probably over. If a car is now worth $20K maybe it will go down by 10% a year or so, but that is not that much $. Be glad you don't have a 2009 or 2010, they are going down by $15K-$20K+ a year, with the worst #20K as soon as you drive off the lot.

 

^ Thanks to you guys the wife is now scrapping my Aston Martin idea, and contemplating a 996TT.

She found one she likes for $33k.

(The Aston I found was $60k)

 

Gentlemen:
The automobile for all practical purposes has never been an investment tool, certain Ferrari's, Porsche's etc. not withstanding. I bought mine with the intent of enjoying the snot out of it, tracking it and modding it etc. I sold my boat when the two boys were no longer interested, talk about a depreciating market. My Porsche, and I expect a lot of you out there, have it as a hobby, dream car or what ever. Enjoy it, definitely drive it because it is losing value just sitting there. And for you out there that have never been to the track with your P-car, get there and it will all seem worth it, especially when you fly by 400 hp mustangs, c4 and c5 vettes, leave them in the dust in the turns, that is worth every dime.
James Greer