Welcome to 911UK
The only place for Porsche, 911uk is the definitive enthusiast and resource site for the Porsche 911.
Registration is fast, simple and absolutely free, so join up today for full access to the site and benefit from latest member offers.

Porsche Classifieds
Porsche Buyers Guides
Sell Your Porsche on 911uk
Create a Free Classified Advert
Search Ads
Classified Adverts FAQ
Trade Classified Information
Buyer & Seller Fraud Protection
Pre Purchase Inspection (PPI)
Porsche Car Sourcing
Porsche Cars Wanted
Model
Stock
Porsche 911
991 : 2011- 9
997 : 2004- 66
996 : 1997-2005 44
993 : 1993-1998 11
964 : 1989-1993 4
Carrera 3.2 : 1983-1989 0
Carrera SC : 1977-1983 0
930 Turbo : 1975-1989 0
Early 911 : 1964-1977 2
Porsche Other Models
Classic : 1950-1965 1
Boxster : 1997- 15
Cayman : 2005- 13
Cayenne : 2003- 10
Macan : 2014- 1
Panamera : 2009- 3
912-914-924-928-944-968 3
959 - CarreraGT - RaceCar 1
Car Parts For Sale & Wanted
Other Items For Sale & Wanted
Wheels Tyres For Sale & Wanted
Number Plates For Sale Wanted

Porsche Services
Porsche Body Shop Repair
Paint Protection & Body Wrapping
Porsche Classic Insurance
Porsche Classic Parts
Porsche Classic Restoration
Porsche Design Collection
Porsche Engine Gearbox Rebuild
Porsche Heritage & History
Porsche News
Porsche Picture Gallery
Win a New Porsche 911

Porsche Parts
Body Parts, Body Styling
Brakes, Clearance
Electrical, Exhausts
Engine Cooling, Engine Electrical
Engine Rebuild, Heating Cooling
Interior Incar, Lighting
Rubber Seals, Service Parts
Steering, Suspension
Transmission, Workshop Tools
Early 911, 911 - 930, 928 - 968
964 - 993, 996 - 997, Boxster
Cayman, Cayenne, Panamera

Porsche Model Range
911 [991] 2011-Current
Porsche 911 [991]
911 [997] 2004-Current
Porsche 911 [997]
911 [GT] GT1-GT2-GT3
Porsche 911 [GT]
911 [996] 1997-2005
Porsche 911 [996]
911 [993] 1993-1998
Porsche 911 [993]
911 [RS] RS-RSR
Porsche 911 [RS]
911 [964] 1989-1993
Porsche 911 [964]
911 3.2 1983-1989
Porsche 911 3.2 Carrera
911 SC 1977-1983
Porsche 911 SC
911 [Early] 1964-1977
Porsche 911 [Early]
Boxster & Cayman
Porsche Boxster & Cayman
Cayenne & Panamera
Porsche Cayenne & Panamera

911uk Site Partners

Post new topic   Reply to topic
Author Message
jotaking
Spa-Francorchamps


Joined: 01 Jun 2012
Posts: 344



PostPosted: Mon May 08, 2017 12:26 pm    Post subject: Precious Pricing Reply with quote

As you all know, the prices have been moving up in recent times and I am now finding myself in a position that I didn't really contemplate happening so soon.

I purchased my 997.1 turbo 2 years ago and had one eye on the "minimal depreciation" & "possible future classic" thing and the other as a fun toy to be used for high days and holidays.

My plan was for a keeper and to hopefully use it for 10 years or more and then sell at a little profit or break even.

With the recent gains on prices I am now finding myself getting a little precious over mileage and condition!

My odometer is at 9200 miles ready to hit the "collector wall" at 10K and therefore be worthless.

Should I cash out and get a 996 or cash in and get a GT3 or stick and wait until they hit 250K next spring? Floor
 
  
View user's profile Send private message
   
Boba fett
Kyalami


Joined: 14 May 2015
Posts: 1859



PostPosted: Mon May 08, 2017 12:48 pm    Post subject: Reply with quote

WOW nearly 10k miles, thats worth peanuts Thumb

Difficult to answer, so i'll answer as if it was mine and how I would feel:

I think they are fetching good money now if its a manual. So, if it is indeed a manual, and speed and acceleration is not the be all and end all, it must be one of the lowest miles example around and is worth a tidy sum, to the point, where with a little extra cash you could get a GT3.

However, then you will be worried about putting miles on that, but some consider it the holly grail !!

Its Difficult, a lot of us Turbo owners face the same issue, I very very nearly bought an F430 a few weeks ago, but with the extra cash id have to pay out, I bought an M3. Right thing to do??, who knows but I drive around in a lovely M3 rather than a bag of sand Lu Lu.

Oh and PS - If its a Tip, of course you are better off just running it into the ground Thumb bye
 
  
View user's profile Send private message
   
Norfolk & Idea
Suzuka


Joined: 15 Jan 2016
Posts: 1032
Location: South Yorkshire


PostPosted: Mon May 08, 2017 12:52 pm    Post subject: Reply with quote

It ain't exactly going to be 'worthless' when it passes 10k miles. I'd carry on as you are for now, enjoying it on sunny days and weekends.
I love driving mine. I sometimes get precious about the mileage on mine then think 'stuff it, I'm off for a blast'
_________________
2012 997.2 Turbo Basalt Black
2008 Ducati 1098R (Track)
2016 Macan GTS
2008 Vito Sport- Household Star!
 
  
View user's profile Send private message
   
Desert Dragon
Spa-Francorchamps


Joined: 03 May 2017
Posts: 323



PostPosted: Mon May 08, 2017 2:10 pm    Post subject: Reply with quote

With that I'd just drive it to and from the MOT every year if its a manual. Its going to be worth silly money in 10 years. Well done on buying a collector quality car

As you say just buy a C2 to swan around in - great cars Thumb
 
  
View user's profile Send private message
   
silvermilnec
Österreich


Joined: 20 Feb 2012
Posts: 980
Location: Leeds West Yorkshire


PostPosted: Mon May 08, 2017 5:22 pm    Post subject: Reply with quote

I was talking to a customer today with a 997.1 turbo manual with 19000 on the clock black on black good spec, he was going to sell last year at £55k. I asked him today if he was selling and he said I hardly use it but he'd kick himself if he sold It now only for it to be worth £100k next year 😳
_________________
1996 944
1998 968
2000 996 C2
2006 997 4S
2009 997 1.5 Turbo basalt black on black
 
  
View user's profile Send private message
   
cheshire911
Paul Ricard


Joined: 10 Jun 2012
Posts: 3440



PostPosted: Mon May 08, 2017 5:45 pm    Post subject: Reply with quote

OP: These cars are mileage sensitive, despite whatever anybody says otherwise. Even worse if you are into Italian V8's. But all is not as it appears. A Ferrari specialist I know recommends buying a 360 or 430 with mileage on it, not a garage queen. That means around 25-35k miles. But one BIG caveat - absolutely impeccable service history to the schedule with genuine parts and for the 360, cambelt changes on the dot every three years whether the car has been driven or stored.

In time this general approach could apply to Porsche.

10k miles is still low (you don't mention what year the car is). Remember, a true collector may buy at 10k miles ans simply store the car and is likely to have a number of other vehicles to use for daily use and weekend trips in the summer. The store car may only see daylight when it goes for a service - keeping the history going is key even for a stored car.

So a lot of 997 Turbo owners will still be out and about putting miles on their cars - probably not daily driver miles but certainly 4-6 months of weekend use at 3k miles per annum. So there is a sizeable pool of such cars with higher starting miles than yours and rising each year, and so long as you are modest and not putting on 10k per annum, yours is likely to remain a "low mileage" example versus the pool of cars available for buyers.

The one thing I'd say is keep the service history to the schedule to preserve its value and interest when you come to sell. OPC or indy is down to you and is an argument I wont go down. But its an interesting observation that sellers are keen to advertise and state where it is the case of a full OPC main dealer service history as a sale-ability factor, so there is something more to this debate than meets the eye for 996 and 997 model range.
_________________
996 2002 X50 Turbo Manual
"Once bitten; forever smitten"
 
  
View user's profile Send private message
   
Martian
Magny-Cours


Joined: 18 Mar 2009
Posts: 2704
Location: Bury St. Edmunds

2007 Porsche 997 Turbo

PostPosted: Tue May 09, 2017 10:17 am    Post subject: Reply with quote

My 10 year old Turbo is on 42K miles. I bought it at 2 years old and 10K miles, done various annual mileages between 800 one year to 10K another. Yes it's a lowish mileage car, but I enjoy it too much to store it away to preserve it for someone else. It's never going to hit stratospheric values as per some exotica, so I'm going to keep on using it as and when the mood takes me which quite handily averages out to about 4K miles per year.
 
  
View user's profile Send private message
   
e92
Silverstone


Joined: 25 Apr 2016
Posts: 100
Location: Reading


PostPosted: Tue May 09, 2017 11:51 am    Post subject: Reply with quote

Personally I wouldn't want to drive the 997 turbo and add miles to it. You are potentially sitting on a lot of money in the future especially at that mileage (totally different to people expecting to attract collectors with cars over 20k miles). If you have available funds I would hold onto the 997 turbo and buy another car. Im guessing you are a car guy and hence enjoy driving. If you were to just keep the 997 turbo, it would be like marrying a supermodel and then sleeping in another room so the next guy can enjoy her company.
_________________
2001 996 Manual Turbo - Markski Remap, 964 RS LWFW, GT3 gearbox mount, Cargraphic Exhaust, 997 GT2 SSK, Forged DV, PSS10 Coilovers, GT3 front brakes, RSS Engine Mounts, Recaro seats, GT3 front control arms
2008 E92 M3 - Sold
 
  
View user's profile Send private message
   
DucatiRob
Suzuka


Joined: 22 Jul 2015
Posts: 1225
Location: Milton Keynes

2006 Porsche 997 Carrera 2S

PostPosted: Tue May 09, 2017 7:18 pm    Post subject: Reply with quote

For me the best thing about owning a 911 is driving it, same for my Ducati, so my advice would be to keep it, drive it and enjoy it Thumb
_________________
Present
Carrera C2S Manual
Mercedes CLK DD
Ducati 996
 
  
View user's profile Send private message
   
MisterCorn
Zolder


Joined: 08 Jan 2011
Posts: 5322
Location: Nottingham, England

2004 Porsche 996 Turbo

PostPosted: Tue May 09, 2017 7:28 pm    Post subject: Reply with quote

I feel your pain, a true FWP. I have a 2007 DB9 on just under 9k miles, my plan is to do a few hundred miles in it per year, but each and every mile is special. My 996 turbo was bought on 21k miles and is now close to 36k. Fortunately that has been modified so is pretty much worthless anyway. If you want to drive it but don't for fear of what it might do to the future value, why not sell it now, take some profit and buy one on 60k miles that you can add 20k to. You will prpbably still have free motoring but also some money in the bank.

MC
 
  
View user's profile Send private message Visit poster's website
   
askgeez
Suzuka


Joined: 05 Apr 2015
Posts: 1228
Location: London/ Essex


PostPosted: Tue May 09, 2017 9:24 pm    Post subject: Reply with quote

Errr sell it

Buy a pork that you feel less precious about Dont know

Having a beautiful car that you don't want to drive is like being married to Rachel Riley and only shagging her once a month Floor
_________________
997.2 GTS coupe PDK
997.1 C4s coupe Manual (sold)
 
  
View user's profile Send private message
   
Boba fett
Kyalami


Joined: 14 May 2015
Posts: 1859



PostPosted: Tue May 09, 2017 9:41 pm    Post subject: Reply with quote

askgeez wrote:
Errr sell it

Buy a pork that you feel less precious about Dont know

Having a beautiful car that you don't want to drive is like being married to Rachel Riley and only shagging her once a month Floor


Hmmm Rachel.....

I would say having a go once a month is still worth it though, I would start early doors, and make it a long epic ride, it would always be special then as you would be all worked up and excited having looked at it for the past 28 days or so.
 
  
View user's profile Send private message
   
MNC911
Österreich


Joined: 10 Feb 2016
Posts: 949
Location: Prestbury


PostPosted: Tue May 09, 2017 9:57 pm    Post subject: Reply with quote

Sell it, for reasons you've already given. It's possibly peaking near the top of its price hike. Secondly you're not driving it because the mileage is of clear concerns. Lastly if you want a chance in life to get a GT car it's a good time to buy one by comparison of money difference.

The enjoyment is driving the damn things not watching the ODO thinking of the costs or you might as well not have it at all. All your getting for your money is a pat on the back from the insurance company for basically giving them free money for a car that lives with the handbrake on. Just sell it. Thumb
_________________
History:
'10 911 Cab
'13 Cayman
'02 Boxster
 
  
View user's profile Send private message
   
DucatiRob
Suzuka


Joined: 22 Jul 2015
Posts: 1225
Location: Milton Keynes

2006 Porsche 997 Carrera 2S

PostPosted: Tue May 09, 2017 10:11 pm    Post subject: Reply with quote

Having a Porsche and averaging 20 miles a week seems like sacrilege to me, just the same a doing Rachel Riley only once month nooo
_________________
Present
Carrera C2S Manual
Mercedes CLK DD
Ducati 996
 
  
View user's profile Send private message
   
T8
General
General


Joined: 29 Jun 2010
Posts: 12888
Location: Kent


PostPosted: Tue May 09, 2017 11:52 pm    Post subject: Re: Precious Pricing Reply with quote

jotaking wrote:


My plan was for a keeper and to hopefully use it for 10 years or more and then sell at a little profit or break even.



Your plan was a good one and remains so.

However if you're starting to think of it as anything more than a fantastic car then only you can decide whether to cash the investment in now or 'mothball' it and cash in at a later date.
_________________
2007 Guards Red 997 Turbo Tiptronic
ex 2004 Polar Silver 996T Tiptronic
ex 2002 Seal Grey 996.2 C4 Tiptronic
ex 1978 Silver 924 Manual
 
  
View user's profile Send private message
   
Norfolk & Idea
Suzuka


Joined: 15 Jan 2016
Posts: 1032
Location: South Yorkshire


PostPosted: Wed May 10, 2017 6:37 am    Post subject: Reply with quote

Hmm, just looked up Rachel Riley and can confirm she is indeed a hottie...

What's this thread about again??
_________________
2012 997.2 Turbo Basalt Black
2008 Ducati 1098R (Track)
2016 Macan GTS
2008 Vito Sport- Household Star!
 
  
View user's profile Send private message
   
Boba fett
Kyalami


Joined: 14 May 2015
Posts: 1859



PostPosted: Wed May 10, 2017 7:56 am    Post subject: Reply with quote

Norfolk & Idea wrote:
Hmm, just looked up Rachel Riley and can confirm she is indeed a hottie...

What's this thread about again??


There is always a downer though - She is a bit fhick

Back on topic though...

I'm told there is roughly 9 litres in the Turbo.
 
  
View user's profile Send private message
   
tom_nieto
Trainee


Joined: 08 Jan 2017
Posts: 92



PostPosted: Wed May 10, 2017 3:45 pm    Post subject: Reply with quote

MisterCorn wrote:
I feel your pain, a true FWP. I have a 2007 DB9 on just under 9k miles, my plan is to do a few hundred miles in it per year, but each and every mile is special. My 996 turbo was bought on 21k miles and is now close to 36k. Fortunately that has been modified so is pretty much worthless anyway. If you want to drive it but don't for fear of what it might do to the future value, why not sell it now, take some profit and buy one on 60k miles that you can add 20k to. You will prpbably still have free motoring but also some money in the bank.

MC


It's not a black DB9 convertible by any chance?
 
  
View user's profile Send private message
   
MisterCorn
Zolder


Joined: 08 Jan 2011
Posts: 5322
Location: Nottingham, England

2004 Porsche 996 Turbo

PostPosted: Wed May 10, 2017 3:52 pm    Post subject: Reply with quote

No, it is grey (or as AM call it, Grigio Titanio) manual coupe, black leather interior and sportskit.



MC
 
  
View user's profile Send private message Visit poster's website
   
seeforez
Barcelona


Joined: 10 Jan 2016
Posts: 1476
Location: up norf


PostPosted: Wed May 10, 2017 6:32 pm    Post subject: Reply with quote

Ferris: Look, it's real simple. Whatever mileage we put on, we'll take off.
Cameron: How?
Ferris: We'll drive home backwards
_________________
997.1
 
  
View user's profile Send private message
   
Display posts from previous:   
Post new topic   Reply to topic   All times are GMT - 12 Hours
Goto page 1, 2  Next
Page 1 of 2

 
Jump to:  

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You can attach files in this forum
You can download files in this forum
You cannot post calendar events in this forum