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Pinarello
Newbie


Joined: 12 Dec 2015
Posts: 26



PostPosted: Fri Nov 10, 2017 7:16 pm    Post subject: prices going down? Reply with quote

contentious issue ahoy...

I've been looking on and off for a couple of years for a manual 996 4s or a turbo (amongst a couple other cars). prices have no doubt been going up and if you talk to any dealer they will tell you they are still going up.

although since the summer I have noticed things heading in the other direction. just looking on eBay, buy now/classified prices are going with the trend of strong/rising values but the auction prices, where people are bidding what they're prepared to pay are heading the other direction. and a lot of classifieds have been sitting, with quite a few being reduced.

most noticeable are the lower end 4s not meeting their reserve and bidding ending around the £15k mark. also the odd reasonable standard sub £20k 997 4s here and there.


this time last year there wasn't a noticeable slow up at any point or decent <£20k 997 to be seen. I don't recall anything <£16500 either, apart from cat d type stuff or ropey tiptronics. and there were more wanted ads out there from dealers for 911s than there are now.

anyone else noticed this? I'm thinking with the interest rates ever so slightly improving it might have a bit more influence too?
 
  
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BChivs
Monza


Joined: 02 Aug 2017
Posts: 155



PostPosted: Fri Nov 10, 2017 8:50 pm    Post subject: Reply with quote

Maybe slghtly biased when I say this, but I don't agree. I looked for a long time to find a decent 996 C4S.....there is a boat load of crap out there! Good cars sell, and the ones that are left sitting on the shelf usually seem good cars from first impressions, but often carry woes like poor/patchy history that cannot be rectified. They are owners over valuing their cars due to other cars on the market clearly selling for decent money.

Then there is the seasonal dip. You said you noticed cars selling for stronger money in the summer, but that will always happen.
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996C4S, manual, Polar Silver, Black Crested Leather with memory option, BOSE, factory PSE, sunroof delete, Rear Park assist, Litronics, Carbon interior Pack, Silver dials, RUF lowered.
 
  
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Marky911
Suzuka


Joined: 04 Jun 2009
Posts: 1045



PostPosted: Fri Nov 10, 2017 8:56 pm    Post subject: Reply with quote

Seasonal
 
  
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paul987
Albert Park


Joined: 27 Feb 2015
Posts: 1592
Location: east mids


PostPosted: Fri Nov 10, 2017 9:16 pm    Post subject: Reply with quote

I've not noticed it on 996 C4s... I have seen a few early high miles 997 C4s bidding up to around the 15k and not meeting the reserve
My feeling is it 2 things on the 997 time of year + they are generally not great examples for various reasons(poor history, maintenance etc) hence they are being auctioned in the first place also at auctions you get a lot of dreamers who can't afford it really and trade buyers who want to turn a profit neither of these types will pay the asking price.
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alex yates
Shanghai
Shanghai


Joined: 06 Mar 2014
Posts: 11170
Location: 4,000 holes in Blackburn, Lancashire

2000 Porsche 996 Carrera 4

PostPosted: Fri Nov 10, 2017 9:44 pm    Post subject: Reply with quote

Marky911 wrote:
Seasonal


+1

As for the interest thought, can't see that having any bearing whilst CC companies are still doing 2 year interest free deals.
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wasz
Kyalami


Joined: 28 Dec 2012
Posts: 1818


1999 Porsche 996 Carrera 2

PostPosted: Fri Nov 10, 2017 9:50 pm    Post subject: Reply with quote

Best time to buy any car is dec/jan there are fewer cars out there but even fewer buyers.

Once people have paid for christmas they start looking around. I've seen some right bargains go under the hammer on eBay over the years in early December.
 
  
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easternjets
Suzuka


Joined: 29 Apr 2016
Posts: 1236
Location: Up North!


PostPosted: Fri Nov 10, 2017 10:01 pm    Post subject: Reply with quote

Seasonal and good cars always sell quickly, the lemons stay on the shelf!
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g7jhp
Trainee


Joined: 04 Sep 2005
Posts: 97
Location: Herts


PostPosted: Fri Nov 10, 2017 11:03 pm    Post subject: Reply with quote

I'd say prices have softened.

Dealers are expecting them to sell for less and there are certainly more cars coming onto the market (3.2, 964, 993, 996, 997) with cars hanging around.

Started earlier this year and we now have the Xmas dip, a first rise in rates, Brexit looming. It'll be interesting to see if it recovers in 2018 or more cars hit the market as 'investors' get itchy feet.

But only my opinion and I have a 996 turbo so no interest in talking up or down.
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Pinarello
Newbie


Joined: 12 Dec 2015
Posts: 26



PostPosted: Fri Nov 10, 2017 11:16 pm    Post subject: Reply with quote

I would agree with seasonal and bad ones sticking around with any other car. although thats what I'm pointing out, it hasnt been happening with these 911s and now its changing.

over 2 years+ that I have been regularly looking, there hasn't been much in the way of seasonal differences, its been pretty stable and the cheap ones sold fast.

but that doesn't seem to be happening now, prices going down from the mid summer (surely they would be staying the same or going up in summer? like they do with motorbikes) and cheap ones sitting about and having the prices lowered.

there was one on eBay for £18k+ that went down to £16500 before it sold. I don't recall seeing that this time last year or the year before.

it was buy at £16500 a few years ago and sell for a few grand more a year later.
 
  
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MisterCorn
Zolder


Joined: 08 Jan 2011
Posts: 5329
Location: Nottingham, England

2004 Porsche 996 Turbo

PostPosted: Sat Nov 11, 2017 1:23 am    Post subject: Reply with quote

It is about time we saw some sense on prices, they need to drop a lot. I suspect we will see turbos back at under £30k in the near future given the number of cars from PCP deals coming on to the market.

MC
 
  
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wizard993
Donnington
Donnington


Joined: 23 Jan 2008
Posts: 11804


1966 Singer Gazelle

PostPosted: Sat Nov 11, 2017 9:04 am    Post subject: Reply with quote

GT/RS’s will always do their own thing though and these will keep advancing regardless.
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alex yates
Shanghai
Shanghai


Joined: 06 Mar 2014
Posts: 11170
Location: 4,000 holes in Blackburn, Lancashire

2000 Porsche 996 Carrera 4

PostPosted: Sat Nov 11, 2017 9:11 am    Post subject: Reply with quote

Prices of any decent condition 996s are all going in one direction and will stay that way until, if ever, the classic car market crashes.
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jcw749
Newbie


Joined: 04 Nov 2017
Posts: 12



PostPosted: Sat Nov 11, 2017 10:24 am    Post subject: Reply with quote

My very recent search for a 996 C4S supports prices for anything decent remaining strong - I ended up going with a 2005 manual, silver / black with 54k miles for £22k, although the service history isn't quite as complete as I'd ideally have liked (2+ years between minor / major, although the mileages between were small) and it didn't have PSE, which I'd initially set out as a deal breaker. I noticed anything priced in the £20-24k bracket with similiar spec. & miles were selling whilst I dithered.
 
  
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crash7
Monza


Joined: 28 May 2011
Posts: 229



PostPosted: Sat Nov 11, 2017 11:40 am    Post subject: Reply with quote

Prices are softening and have been for months, this is not exclusive to Porsche other marks have been seeing the same.

Cars do sell but you only see the asking price in the public domain and not the sale price which leads people to believe the markets are stronger than they are, particularly on forums where people have a vested interest.

Competitively priced cars will sell, but those with inflated price tags will stay on the shelf.

It's a buyers market, just ask those trying to sell
 
  
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Dammit
Imola


Joined: 23 Sep 2016
Posts: 846



PostPosted: Sat Nov 11, 2017 1:59 pm    Post subject: Reply with quote

I'm looking to buy an M5 Touring at the moment, but I think I'll shelve that until early next year - the economic slow down should usefully lower prices.
 
  
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BChivs
Monza


Joined: 02 Aug 2017
Posts: 155



PostPosted: Sat Nov 11, 2017 6:19 pm    Post subject: Reply with quote

In my eyes classic cars are very much like property....they may fluctuate very slightly, but they will only ever go in one direction If kept in good order. If there is any slight drop it's all relative as if you were to sell to replace it the same would happen with any other model. There is no change specific to a 996.
Plus I still in strong belief that it's the good cars that drive the market. Look at this one for example....nice cond, spec, and history with sensible mileage. It sold inside a fortnight at 3.5k more than I paid for my C4S 2 months ago which is the same year, same mileage and history.

https://www.pistonheads.com/classifieds/used-cars/porsche/911-carrera-996/porsche-996-carrera-4s-3-6-6-speed-manual-coupe-porsche-sports-exhaust-sat-nav-bose-sunroof-heated-seats/7941195
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Pinarello
Newbie


Joined: 12 Dec 2015
Posts: 26



PostPosted: Sat Nov 11, 2017 6:56 pm    Post subject: Reply with quote

BChivs wrote:
In my eyes classic cars are very much like property....they may fluctuate very slightly, but they will only ever go in one direction If kept in good order. If there is any slight drop it's all relative as if you were to sell to replace it the same would happen with any other model. There is no change specific to a 996.
Plus I still in strong belief that it's the good cars that drive the market. Look at this one for example....nice cond, spec, and history with sensible mileage. It sold inside a fortnight at 3.5k more than I paid for my C4S 2 months ago which is the same year, same mileage and history.


equally there's this one, very similar, reserve not met £20600. this time last year I'm quite sure it would have met it's reserve.

https://www.ebay.co.uk/itm/Porsche-911-996-Carerra-4S-2004-/282712725100

I'm just using eBay as an example as it shows the price people bid to and theres less conjecture around what it sold for.
 
  
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DavidM
Newbie


Joined: 22 Oct 2017
Posts: 1



PostPosted: Sat Nov 11, 2017 7:14 pm    Post subject: Reply with quote

Thought I'd chime in here, prices are softening and have been doing so for the last year (certainly within the trade and especially with the classics that have boomed over the last few years) It may not be widespread yet as it's simply not in sellers and dealers best interests to admit it. There are numerous collectors and Investors offloading their stock at the moment, the wise one's will have done so 18 months ago. I think anyone that has the opinion that classics will only go up may well be in for a shock in the next year.
I work closely with classic cars and dealers, I own a 996 along with some others, not for any investment gain but for enjoying the cars for what they are and what they were designed for... driving.
 
  
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paul987
Albert Park


Joined: 27 Feb 2015
Posts: 1592
Location: east mids


PostPosted: Sat Nov 11, 2017 8:24 pm    Post subject: Reply with quote

What's with all the newbies saying prices are going down... Question
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BChivs
Monza


Joined: 02 Aug 2017
Posts: 155



PostPosted: Sat Nov 11, 2017 8:55 pm    Post subject: Reply with quote

Pinarello wrote:
BChivs wrote:
In my eyes classic cars are very much like property....they may fluctuate very slightly, but they will only ever go in one direction If kept in good order. If there is any slight drop it's all relative as if you were to sell to replace it the same would happen with any other model. There is no change specific to a 996.
Plus I still in strong belief that it's the good cars that drive the market. Look at this one for example....nice cond, spec, and history with sensible mileage. It sold inside a fortnight at 3.5k more than I paid for my C4S 2 months ago which is the same year, same mileage and history.

https://www.pistonheads.com/classifieds/used-cars/porsche/911-carrera-996/porsche-996-carrera-4s-3-6-6-speed-manual-coupe-porsche-sports-exhaust-sat-nav-bose-sunroof-heated-seats/7941195


equally there's this one, very similar, reserve not met £20600. this time last year I'm quite sure it would have met it's reserve.

https://www.ebay.co.uk/itm/Porsche-911-996-Carerra-4S-2004-/282712725100?hash=item41d2fdd66c%3Ag%3AhF8AAOSwcXVZ9KII&nma=true&si=Sh9eWB2KW7mu1L4hJQEFMVyQur4%253D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557

I'm just using eBay as an example as it shows the price people bid to and theres less conjecture around what it sold for.


eBay prices are even further from reality than anywhere else! Who in their right mind buys a used 996 from an eBay auction without viewing or any form of PPI?
When your actually buying, and chasing available cars driving hundreds of miles to view that's when you get a true feeling of values....my point is there is more rubbish out there than good....I even posted about it a few months ago. It is very very difficult to find good used cars, and when they come up trust me they don't hang about!
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