Depends on how many are made, if they do a production run like they did with the CGT... expect low 100's in 1-2 years and 80-95k depending on mileage in 3-4

I agree; and the 'over sticker' foolishness will not last as long as it did with the 996tt. In fact, one of our sponsors has a 997tt posted in the for sale section and mentions that he has another one coming soon that the customer has backed out on.

buy it for the enjoyment; not the investment.

I thought it would be interesting to bump this thread discussing 997TT pricing and when it would hit the 100K(ish) mark.

Looks like it happened sooner than a few people expected that's for sure.

I wonder what my car will be worth in 2.5 years, I'm at 21K miles in 8 months, when Im done with my lease I'll probably be at 80K, lol.

No way am I going to pay their residual. Has anyone had any luck making an offer to the lien holder below the residual because of high mileage?

I think if leased via the manufacturers finance arm they would be eager to make a deal vs. take the hit at auction. But Turbo's will sell on the dealer lot easy enough, so I doubt they will budge much..all depends on what you negotiated at purchase.

I would have thought that with such a high mileage car that they would be happy to get rid of it.

Personally I think that I will probably want to keep it, so I figured the more undesirable I make it to other buyers the more they are likely to offer it to me. And I wouldnt be low-balling them, I'd give them a fair market value, I just know that when that date comes around in a bit under 3 years, the fair market value for an 08 997TT with 80-100K miles will be no where near the residual on the lease.

I saw a 07 Turbo go for $95K at the auction, had the usual stuff, chrono, diff. I was only offered 102K for mine with ALL the stuff left on the car and 98K if I took off everything. The Turbo unfortunately is already "soft" on the used market.

Cars in general are facing sales obstacles . Even new cars .
The problem with selling a high end car in a down economy is less buyers .
If a person bought a 135K Turbo and gets 105K that sounds fairly decent .

If the car is modified then the appeal narrows down to select buyers who share similar interest . In my opinion --all it takes is a test drive of a stock 997tt followed by a comparison with modded car that has both reliability, added performance , and no issues .

Many people part out their cars but there are those who look at extensive work and joy they got and hope that the next owner would want to carry that legacy . I'm not selling my car but I can;t imagine parting it out . It would bother me so much that I would just keep the car.

I understand that some people sell the car to recover finances but my advice would be not to buy that car in the first place . If a car sets the person back financially selling it only adds more to the loss because he no longer has that item which he actually enjoyed .

As for leasing a 997tt and going over the miles --Yikes . The sooner you pay it off the better I would never lease this type of car . By the time one pays the three years it comes close to 90K to have no equity? It makes no sense to me.

I don;t think the residual is negotiable . One might hedge the loss going into trade as the dealership might be eager to sell another unit . As for a manufacturer taking a loss at auction my thoughts are that they would rather lose on one car because they make so much on others that they will adhere to the rules of the contract.

Good luck though.

In terms of leasing it has always worked out for me because I never wanted a car after 2 years, except for the E46 M3 I had, I woulda kept it, but I moved on.

With the 997TT I dunno, I think I'm in love which I gotta admit I didnt expect, if I knew what I know now I woulda gone about it differently, but I certainly dont regret my decision.

Though at the end of the lease you have no equity you have paid down a portion of the car so its not like the money simply evaporated, sure you over pay the value of the financing involved but in my case I save in other ways to get around that.

As for going over on the miles, it really amounts to the amount the car would depreciate as a result, it isn't that big of a hit. Leasing a real exotic, now there you would take a huge hit, to the tune of around $1.50 a mile, but then again the extra mileage there also gives a bigger depreciation on the car so it all works out in the end.

Either way, the end of the lease is too far off to worry about it much now, right now Im enjoying the car, and I got a bunch of mods coming, so that by mid-november I think my car will be "officially done". Though Im sure by the time next summer rolls around I will be itching to do something else to it, damn mod bug.

get a GT3

Bought my turbo last yr in june

have 5000 miles on it after a yr +.

will sell it or trade in before the warranty expires in 3 more years


my long term budget for my next turbo assumes I get $60K for my current turbo with a total of 14K to 18K miles on it at trade in.

If I get $60K I ll be pleased as punch.

Of course if its worth more, all the merrier.


BUT, i d say $60K is a good conservative estimate for a net trade in,, PLUS you get the tax benefit in Fl which adds almost $4K,, so thats $64 K on a trade in..


Cabman

I just sold my 07 2 weeks ago. Again all the usual stuff, 5k miles and perfect condition for 129k. The buyers are out there.

Agreed until you talk to an honest indy...the repair liability you incur for a 993TT is much larger...more heat....more damage...top end rebuilds are much more common than most think...at 15k each at least, that is not something to sneeze at. That being said, once people realize that issue, I think the water cooled cars will actually come into their own. I sure hope so....as I have one. :-) In the meantime, one does not buy a high end car to look at it in my book...drive it and enjoy it. If you need to think about the money, get a used 996TT and keep 50-70k in the bank. Put 10k into mods, and have 650hp......

JB

I agree with this as long as Porsche meets market demand by producing more and more cars we will see the 997tt drop below 100k in the next few years

Look at the post "Sub-$100k 997TT," two '07's popped up last week in the Mid-$90's.

yeah, people need to wake up and realize that there porsche is worth way less then they think, and it's only gonna get worse.

Buy a car for enjoyment as they say