997 2005-2012 911 C2, C2S, C4, C4S, GTS, Targa and Cabriolet Model Discussion.
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997 depreciating faster than 996?

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Old Mar 25, 2007 | 12:04 AM
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You guys are all wrong! I expect to make at least $10k on mine when I sell it. I made sure that I picked up a pristine 2006 right off the showroom floor with delivery miles only.
 
Old Mar 25, 2007 | 12:09 AM
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Originally Posted by 2thfixr
You guys are all wrong! I expect to make at least $10k on mine when I sell it. I made sure that I picked up a pristine 2006 right off the showroom floor with delivery miles only.
Your future is secure!!! I will do the same tomorrow!!!!
 
Old Mar 25, 2007 | 01:29 AM
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Originally Posted by 2thfixr
You guys are all wrong! I expect to make at least $10k on mine when I sell it. I made sure that I picked up a pristine 2006 right off the showroom floor with delivery miles only.
you're kidding right?
 
Old Mar 25, 2007 | 01:51 AM
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Originally Posted by TAnthony
Mine can depreciate to 0 and then I'll just push it off the cliff.....
i will help you, then you can help me push mine!
 
Old Mar 25, 2007 | 02:17 AM
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Originally Posted by jrloM3
you're kidding right?
yes, of course. If you actually expect to make money or break even on a car that is not a limited production special or a high demand vehicle you should go to Barret-Jackson instead of your local Porsche dealership. IMO, enjoy your Porsche, drive it as much as you can, sell it when the warranty expires and lick your wounds while driving the wheels off of your next money losing "investment".
 

Last edited by 2thfixr; Mar 25, 2007 at 03:32 AM.
Old Mar 25, 2007 | 03:02 AM
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Originally Posted by doccao
Drive your PCAR without any remorse or care for depreciation. Cars are toys, not investments! It's the price for fun.
Second Amen of that.

That's why I drive my car every weekend, took my 2006 997 C2S to race track & auto cross. Just hit 15,000 miles, on my second set of tires. Just have fun with it, don't worry about the $$$.
 
Old Mar 25, 2007 | 08:42 AM
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Originally Posted by blakshukvw
You're exactly right. More 996's and 997's than 993's ever. Plus the 993 is the last "real" Porsche. They still have better quality than any new Porsche. Porsche put everything they learned over the years into the 993 and it is the epitomy of what a 911 is.
Do you actually believe this tripe when you type it?
 
Old Mar 25, 2007 | 09:01 AM
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Originally Posted by trovan
i will help you, then you can help me push mine!
To a rocky death or deep ocean kind of death? Perhaps we should meet in the middle of the country and put them into an old quarry....
 
Old Mar 25, 2007 | 09:08 AM
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If you are going into a new Porsche with resale as your main concern then you should be looking for a deal on a used one. If you are buying a new vehicle, no matter what brand, you must know you will take a big hit eventually when you want to sell. I buy Porsches because I love the car and I can afford it, no matter what the resale is. So get in, drive it, and enjoy it without worrying about the $$.

Want to talk about bad resale go buy a Mustang Shelby GT500. Dealers are getting $20K over list for these "limited production" cars. When I told a "friend" of mine who owns a Ford dealer I wanted one he told me $10K over like he was doing me a favor. I said, "but it's a Mustang?" He said they are only making a few this year, so I said "how many? He says 5000!!! FIVE THOUSAND is worth paying $20K over list? Now that's 5000 people who will learn what bad resale is. Especially since you know Ford will make as many as they can sell next year.
 
Old Mar 25, 2007 | 09:11 AM
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Originally Posted by blakshukvw
You're exactly right. More 996's and 997's than 993's ever. Plus the 993 is the last "real" Porsche. They still have better quality than any new Porsche. Porsche put everything they learned over the years into the 993 and it is the epitomy of what a 911 is.
I'm guessing you are a 993 owner?

This is a ridiculous statement based entirely on opinion.
 
Old Mar 25, 2007 | 09:13 AM
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for those who are concerned about the resale value - best bet would be lease, where they know exactly what their car will be worth. 99% of cars don't appreciate in value. it's to minimize loss, you can pick a car that is not optioned fully when buying brand new if you don't want to lose much. When trading in or selling those values are the one that eat up most. Losing 2k on a 10k car is equal to losing 20k on a 100k car. But of course the 20k will give you goosebumps.
 
Old Mar 25, 2007 | 11:03 AM
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to address the original poster's question, i'm not sure if the 997 is depreciating faster than the 996. what i do know: my 997 that i am currently selling hasn't garnered much attention. it is priced well low to similar cars in MY locale, it is a popular color choice and the like. what i have found: for how wonderful these cars are there is no real demand for them at the higher price ranges. there are hundreds to choose from. there are those who can afford fire-sale prices which helps depress the market even further. there are the 2005 lease returns who are making their way into the secondary markets. sure, have i found some who are willing to offer me "MMR"? or wholesale porsche prices? yes, and that is what is so laughable. if these autos were so "sought after" then secondary market prices would reflect such, but they don't. ebay auctions are small sample but a telling story nonetheless. and yes, there is a reason why 993's prices are so high in relation to the more recent 996 and 997 models, but that's for you to decide why. i have my own reasons.
 
Old Mar 25, 2007 | 12:15 PM
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Just remember this important message for life in general.

"Life's too short to drink cheap wine and not own or drive a Porsche"

If you don't get a smile on your face when you either look at or drive your car then your not living life to it's fullest. If you have the means or want to make sacrafices then drive something that gives you a thrill and don't worry about depreciation. It happens!

 
Old Mar 25, 2007 | 03:05 PM
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I hate to say it, cause I don't want to offend guys that buy new, but this is part of the reason I buy slightly used cars. Someone else takes the big hit. With my 996 I ended up paying 12K to own it for 30 months(not including mods which never give you any return). About $400/month, pretty good for a P-car imo.
 
Old Mar 25, 2007 | 04:45 PM
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Originally Posted by AP Boxstr
Just remember this important message for life in general.

"Life's too short to drink cheap wine and not own or drive a Porsche"

If you don't get a smile on your face when you either look at or drive your car then your not living life to it's fullest. If you have the means or want to make sacrafices then drive something that gives you a thrill and don't worry about depreciation. It happens!


what he said
 


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