Originally Posted by brnrdtns

Something that I think is being left out of this debate is that most buyers at this level are likely financing their cars. (I did some years ago.) We are Americans and we like to live a little bit outside of our means sometimes. If you are in the market for a Turbo and you have to borrow to do it I believe that many would go for the 996 at 40 to 50 over a 997 at 55 to 65 because they simply are only able to borrow a limited amount which may put the 997 out of reach. This would have the effect of raising 996 demand and thus values, and limiting 997 demand a bit. While the 996 is a great car, almost everyone likes the 997 better. Prices may not necessarily reflect desirability as much as they reflect access to financing.

Originally Posted by TimeTomorrow

I'm not sure where you are getting your info. It's actually more common to have trouble financing an older car rather than a newer more expensive one. Most banks will not finance a car over ~7 years old, regardless of price. Many have mileage limits too. BOA for instance will not finance a car over 100k miles. That being said, all of this is baked into what we are seeing in the market, so I'm not sure what your point is.

996's don't look great... inside or out. Depending on your priorities that either makes them a tremendous performance bargain and fun per buck superstar or a car that deserves the bottom of the barrel pricing they command.

Originally Posted by brnrdtns

Something that I think is being left out of this debate is that most buyers at this level are likely financing their cars. (I did some years ago.) We are Americans and we like to live a little bit outside of our means sometimes. If you are in the market for a Turbo and you have to borrow to do it I believe that many would go for the 996 at 40 to 50 over a 997 at 55 to 65 because they simply are only able to borrow a limited amount which may put the 997 out of reach. This would have the effect of raising 996 demand and thus values, and limiting 997 demand a bit. While the 996 is a great car, almost everyone likes the 997 better. Prices may not necessarily reflect desirability as much as they reflect access to financing.

Originally Posted by turboslut

This indeed WAS the case when I bought/financed in 2014. Most major banks at that point would only finance a car with 60k miles or less...or within 5 model years. It really limited your options (BOA and Capital One were the ones I found that were willing to do a 6yr old car).


Fast forward to 2016 and the land of easy money! Banks are willing to finance anything at this point in time....at low rates. I would also take a look at credit unions. PowerFi.org is willing to do upto 75k miles and 10y of age....at rates sub 3%

My friend just used them to get an 08 Vantage....and they offer repair warranty.

Originally Posted by TimeTomorrow

so, more concisely, no bank in your post would finance a 12 year old 996 turbo...

Originally Posted by turboslut

996 is out but 997 is in...brnrdtns said in his earlier post that the 997 could not be financed since it was $15k more. I stated otherwise. Plus, if you really think about it....lack of financing options should depress 996 pricing, as more and more transactions would be on a cash basis. I would bet that there are more financed buyers than cash for most products on this earth. Less buyers..less demand....lower pricing.

Originally Posted by turboslut

For color, I bought mine ('08 6spd TT coupe) for $55k with 64k miles two years ago (single owner car). Currently at 78k miles and climbing....plus I love my daily commute. I purposely bought high mileage so that I could not have any feelings about putting some more on.

Originally Posted by Impulsivebuyer...

Just stumbled across this 'older' thread...On Pricing...

Every Porsche is a marvel of engineering, and a pleasure to drive. They just are- that's why we buy them. 993,996,997, etc., etc. They're not practical. They're not inexpensive to maintain- even if you do it yourself. But they are wonderful driving machines- All of them. Every time I contemplate selling mine- I drive it.....

I'm glad I had the crazy idea 7 years ago to buy it. It was worth every penny.