997 Turbo / GT2 2006–2012 Turbo discussion on the 997 model Porsche 911 Twin Turbo.
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997 Turbo pricing

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Old Mar 19, 2013 | 04:32 PM
  #16  
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Originally Posted by michaeldantep
Thoughts on the prices of 997 turbos. Will they take another hit this Fall or has the large hit already taken place? I'm in the market for one, so I want to know when would be a good time to buy.
It depends on what year you are looking at. The 07-09' units have taken a pretty good hit aleady. (40-50% off MSRP) They should hold steady for a while. The 10-13' on the other hand have a lot more room. Prices should continue to fall until the release of the 991 Turbo.

Good luck with your search!!
 
Old Mar 19, 2013 | 07:10 PM
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I have no data to base this on, but my guess would be there is a percentage of 997TT owners that will want move into the 991TT. That should create more supply of the 997TT.

Additionally, leases will continue to roll off and for those who lease, regardless of if their next car will be a 991TT, that also creates more supply.

Unless the 991TT is a flop, you should expect more supply. At any point in time there is a thin amount of buyers for used sports cars, so anything to impact the balance should impact the price.

I don't think the impact will be immediate, it may take another 12 months to happen. Are you willing to wait that long?
 
Old Mar 20, 2013 | 07:43 AM
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Originally Posted by sc170
It depends on what year you are looking at. The 07-09' units have taken a pretty good hit aleady. (40-50% off MSRP) They should hold steady for a while. The 10-13' on the other hand have a lot more room. Prices should continue to fall until the release of the 991 Turbo.

Good luck with your search!!
Originally Posted by DoninDEN
I have no data to base this on, but my guess would be there is a percentage of 997TT owners that will want move into the 991TT. That should create more supply of the 997TT.

Additionally, leases will continue to roll off and for those who lease, regardless of if their next car will be a 991TT, that also creates more supply.

Unless the 991TT is a flop, you should expect more supply. At any point in time there is a thin amount of buyers for used sports cars, so anything to impact the balance should impact the price.

I don't think the impact will be immediate, it may take another 12 months to happen. Are you willing to wait that long?
These are good comments. .1 turbos are in a totally different category and given that the 991 body style is not dramatically different, hard to imagine a further huge hit in value.

What will take the biggest hit? The "percentage of 997TT owners that will want to move to a 991TT"? The biggest bargain will be the 997.2 TTS in my view. It will have performance closest to the 991TT, but will now be slower. Some people will dump them, simply because they have the money and now own yesterday's news. You definitely see this now with 2012 GTS's, which are the current best value. Many people simply bought them as stop gap cars before the 991 and traded them as soon as the 991 was out. Many GTS's have high asking prices, but often are sold at very reasonable numbers.

Value is the strongest where I was looking '08-'09 turbos. You can easily find a '12 GTS cheaper.
 
Old Mar 20, 2013 | 08:30 AM
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i was looking at an 08 997 black black with suede interior. black champion wheels. 65k miles with cermanics. 4 owner car.
$65k is what they were asking and did not budge.
the car sold yeterday. i think the prices of 997.1's are coming down a bit.
 
Old Mar 20, 2013 | 08:04 PM
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Agree, the 997.1 merger mt combo is going to be highly sought after, pending condition n miles.
The 12-13 tts will take a sharp dump.
 
Old Mar 20, 2013 | 08:55 PM
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Originally Posted by Steve K ny
i was looking at an 08 997 black black with suede interior. black champion wheels. 65k miles with cermanics. 4 owner car.
$65k is what they were asking and did not budge.
the car sold yeterday. i think the prices of 997.1's are coming down a bit.
That much mileage and 4 owners kills value. That car was pretty fairly priced, considering.
Originally Posted by TT Surgeon
Agree, the 997.1 merger mt combo is going to be highly sought after, pending condition n miles.
The 12-13 tts will take a sharp dump.
I hope so too!
 
Old Mar 23, 2013 | 08:25 PM
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I was looking at 997.1tt prices about a year ago and the higher mileage(50k+) ones were sellling in the low 70k range. I checked recently and I see a lot more in the low 60k with similar mileage. There were a few dipping into the mid 50k range which was surprising. Pristine ones will always command more. You will see the last strong depreciative drop within a year of the release of the 991tt and the prices will bottom out in a few years. 996tt prices seem to have bottomed out and have been pretty steady over the past year or 2.
 
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