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Steve997
Monza


Joined: 11 Aug 2013
Posts: 210



PostPosted: Fri Feb 02, 2018 7:42 am    Post subject: Gen 1 and Gen 2 Prices Reply with quote

Not worried about depreciation as it's something I accept owning a car and I bought my car to enjoy and that's enough for me. But what is people's opinion on the market for Gen1 and Gen 2 cars.

Still depreciating, stable after some significant rises in recent years, appreciating, haven't got a clue the 992 arrival and subsequent market increase in used 991 available will mix it up all again?

What do people think ?
 
  
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T8
General
General


Joined: 29 Jun 2010
Posts: 14006
Location: Kent


PostPosted: Fri Feb 02, 2018 10:31 am    Post subject: Reply with quote

My opinion is that, in the short term, values of non GT 997s are likely to stay where they currently are.

They all hit the bottom of their depreciation curve a couple of years ago and have risen since. Equivalent 991s are still depreciating and I can't see them ever being cheaper to buy than a 997 so I reckon that 997 values will be 'capped'.

I can't see the impending 992 affecting 997 values at all.
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ex 2004 Polar Silver 996T Tiptronic
ex 2002 Seal Grey 996.2 C4 Tiptronic
ex 1978 Silver 924 Manual
 
  
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benbuhagiar
Silverstone


Joined: 28 Dec 2014
Posts: 130
Location: Kent

2008 Porsche 997 Carrera 2

PostPosted: Fri Feb 02, 2018 11:33 am    Post subject: Reply with quote

"I can't see the impending 992 affecting 997 values at all."

Will 991 owners move into 992s? Consequently "flooding" the market with used 991s, bring their value down? If 991s prices start to look more attractive, will 997 owners upgrade to 991s?

You can see what I am getting at. In reality no one knows for certain but I wouldn't rule out any deprecation on 997 values.
 
  
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Robertb
Long Beach


Joined: 01 Sep 2003
Posts: 6531
Location: South Oxfordshire

2002 Porsche 996 Carrera 4S

PostPosted: Fri Feb 02, 2018 12:33 pm    Post subject: Reply with quote

T8 wrote:
My opinion is that, in the short term, values of non GT 997s are likely to stay where they currently are.

They all hit the bottom of their depreciation curve a couple of years ago and have risen since. Equivalent 991s are still depreciating and I can't see them ever being cheaper to buy than a 997 so I reckon that 997 values will be 'capped'.

I can't see the impending 992 affecting 997 values at all.


My theory is that the 997.2 among the anoraks could become sought after as the last of the NA, compact, non EPAS 911s, hence I can envisage a nice manual car fetching more than a 991.
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Rhodris-dad
Montreal


Joined: 28 Nov 2013
Posts: 531
Location: RHYL


PostPosted: Fri Feb 02, 2018 1:43 pm    Post subject: Reply with quote

At the moment everyone is presuming that moving from the 997 to the "better"991 will be the automatic choice and at this point in time I would agree with that.

However, in the future a 991 Carrera may not be as desirable as say an equivalent mileage 997.2 4S. Their values seem to be getting closer as time goes by and I can guess, at some point in the future, the value of a Carrera with higher mileage losing ground.

997.1's on the other hand will not, IMHO, because of the more reliable DFI motor (at the moment anyway) Question and PDK over Tip.

When I bought my car nearly 4 years ago....a 3.5 year old car had a residual value of 50% but last April, when I had finished the finance and was looking to move up to a 991, the values of those cars at 3 years old were at 80% what ....so that scuppered that plan.

On the plus side, the local OPC had a very similar spec manual car at £11k more that what I paid for mine, so a private sale should see me achieve something pretty close to what I paid. Although I don't really see the value increasing much in the near future.
 
  
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Magic919
Hockenheim


Joined: 05 Jun 2013
Posts: 653
Location: Berkshire


PostPosted: Fri Feb 02, 2018 1:50 pm    Post subject: Reply with quote

Prices need to drop about 35%, so we can start trading up.
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Paul Farrar
Trainee


Joined: 20 May 2005
Posts: 82
Location: Thruxton, Hants


PostPosted: Fri Feb 02, 2018 2:19 pm    Post subject: Reply with quote

....and of course, if I hadn't sold my full history, manual and low mileage 993 Carrera S for £35K 6 years ago, I wouldn't have to pay probably double that to buy one now....
_________________
currently:
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previously:
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Robertb
Long Beach


Joined: 01 Sep 2003
Posts: 6531
Location: South Oxfordshire

2002 Porsche 996 Carrera 4S

PostPosted: Fri Feb 02, 2018 2:36 pm    Post subject: Reply with quote

Paul Farrar wrote:
....and of course, if I hadn't sold my full history, manual and low mileage 993 Carrera S for £35K 6 years ago, I wouldn't have to pay probably double that to buy one now....


Funnily enough was looking at the classified ads of a 2006 Porsche mag the other day... highlights were a nice 993 2S for £36k, and a 16k mile 964RS for £39k! Oh, and £64k for a 3000 miles 2005 C2S... a nice 50k mile 996 TT was £41k, not disimilar to what they fetch now.
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Phil 997
Brands Hatch
Brands Hatch


Joined: 05 Dec 2015
Posts: 13242
Location: Bournemouth,Dorset

2009 Porsche 997 Carrera 4S

PostPosted: Fri Feb 02, 2018 5:13 pm    Post subject: Reply with quote

The 992 unfortunaitly will never be a proper 911 its lost all the carataristics that make it so.
Therefore the 997.2 and 991 will be the last of the proper 911s , for many the 991.2 is already not a true 911 with its 3ltr turbo engine so only the 991.1 was a true 911 but many say it was the start of Porsches move toward a touring car and away from the sports car that the 911s always been . Therefore for many the 997.2 will be the last true 911 , due to this it will hold its price and may even go up from here. That in turn will drag the 997.1 and 996 models prices up with it as there will always be enthusiasts who for whatever reason whether its cheaper RFL, more analog driver involved driving, or purely budget will be looking to get into a 997.1 or 996.
any flex in the prices will be as it is now ,based on mileage, spec , service history and model type.
That is my opinion Thumb Thumb Thumb
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T8
General
General


Joined: 29 Jun 2010
Posts: 14006
Location: Kent


PostPosted: Fri Feb 02, 2018 5:23 pm    Post subject: Reply with quote

Phil997s post is a cut and paste from something written in 1998.

The original post was:

The 996 unfortunately will never be a proper 911. It's lost all the characteristics that make it so. Therefore the 993 and 964 will be the last of the proper 911s. For many the 996 was the start of Porsches move toward a touring car and away from the sports car that the 911s always been . Therefore for many the 993 will be the last true 911 , due to this it will hold its price and may even go up from here. That in turn will drag the 964 prices up with it as there will always be enthusiasts who for whatever reason whether its cheaper RFL, more analog driver involved driving, or purely budget will be looking to get into a 993 or 964. Any flex in the prices will be as it is now, based on mileage, spec , service history and model type.

They were right. Maybe he will be too. Dont know

ps. Wink
_________________
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ex 2004 Polar Silver 996T Tiptronic
ex 2002 Seal Grey 996.2 C4 Tiptronic
ex 1978 Silver 924 Manual
 
  
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FZP
Kyalami


Joined: 18 Jan 2015
Posts: 1999
Location: Cheshire


PostPosted: Fri Feb 02, 2018 5:38 pm    Post subject: Reply with quote

Robertb wrote:
Paul Farrar wrote:
....and of course, if I hadn't sold my full history, manual and low mileage 993 Carrera S for £35K 6 years ago, I wouldn't have to pay probably double that to buy one now....


Funnily enough was looking at the classified ads of a 2006 Porsche mag the other day... highlights were a nice 993 2S for £36k, and a 16k mile 964RS for £39k! Oh, and £64k for a 3000 miles 2005 C2S... a nice 50k mile 996 TT was £41k, not disimilar to what they fetch now.

I'm still not over the 997.1 GT3RS i almost bought for £68k with 15k miles on the clock.
The 997.2 C2S is the sleeper in that range. It will be more desirable as the years go on
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KJD
Suzuka


Joined: 18 Feb 2015
Posts: 1188
Location: Monmouthshire


PostPosted: Fri Feb 02, 2018 5:45 pm    Post subject: Reply with quote

I've almost had my 997.1 2 years now and from what I see it's retained its value or at worst only dropped a few % so that has to be good news.
The equivalent spend on a BMW or Merc would now have me in tears.
I don't follow prices on 997.2 or 991 as they are out of reach for me so I just enjoy what I have.


Grin
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pcat
Spa-Francorchamps


Joined: 16 Oct 2013
Posts: 301



PostPosted: Fri Feb 02, 2018 7:00 pm    Post subject: Reply with quote

Oh goodie, another wassitworth thread, its been at least 5 minutes since the last one Smile
 
  
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pcat
Spa-Francorchamps


Joined: 16 Oct 2013
Posts: 301



PostPosted: Fri Feb 02, 2018 7:04 pm    Post subject: Reply with quote

(Ive had my gen 2 S for 4 and a half years, put amost 50k miles on it, and as far as i can tell it worth about 5k less than i paid for it, cheapest car ive had in 20 years, i lost 16k in 2 years on a bloody 1 series bmw)
 
  
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Phil 997
Brands Hatch
Brands Hatch


Joined: 05 Dec 2015
Posts: 13242
Location: Bournemouth,Dorset

2009 Porsche 997 Carrera 4S

PostPosted: Fri Feb 02, 2018 7:09 pm    Post subject: Reply with quote

T8 wrote:
Phil997s post is a cut and paste from something written in 1998.

The original post was:

The 996 unfortunately will never be a proper 911. It's lost all the characteristics that make it so. Therefore the 993 and 964 will be the last of the proper 911s. For many the 996 was the start of Porsches move toward a touring car and away from the sports car that the 911s always been . Therefore for many the 993 will be the last true 911 , due to this it will hold its price and may even go up from here. That in turn will drag the 964 prices up with it as there will always be enthusiasts who for whatever reason whether its cheaper RFL, more analog driver involved driving, or purely budget will be looking to get into a 993 or 964. Any flex in the prices will be as it is now, based on mileage, spec , service history and model type.

They were right. Maybe he will be too. Dont know

ps. Wink



Floor Floor I like what you did there Tel Grin Grin at first I almost believed you and was thinking how could it be so similar to what I wrote Thumb Thumb
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DerbyJim
Hockenheim


Joined: 25 May 2014
Posts: 669
Location: Surrey


PostPosted: Fri Feb 02, 2018 7:18 pm    Post subject: Reply with quote

KJD wrote:
I've almost had my 997.1 2 years now and from what I see it's retained its value or at worst only dropped a few % so that has to be good news.
The equivalent spend on a BMW or Merc would now have me in tears.
I don't follow prices on 997.2 or 991 as they are out of reach for me so I just enjoy what I have.


Grin


Well said mate!
_________________
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Exige S2 - track car
Elise S1 - being dismantled ready for new respray
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Steve997
Monza


Joined: 11 Aug 2013
Posts: 210



PostPosted: Mon Feb 05, 2018 8:08 am    Post subject: Reply with quote

Not interested in owning a car purely as an investment but driving a 997.1 but wanting a 997.2 (funds don't currently allow) I wonder if the gap I need to bridge will become larger as time passes.
 
  
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T8
General
General


Joined: 29 Jun 2010
Posts: 14006
Location: Kent


PostPosted: Mon Feb 05, 2018 12:22 pm    Post subject: Reply with quote

Steve997 wrote:


..................... driving a 997.1 but wanting a 997.2 (funds don't currently allow) I wonder if the gap I need to bridge will become larger as time passes.



Personally, as that gap is already quite significant, I can't see that it will get any larger if you just compare similar (i.e model, spec, history, ave' miles pa) Gen1 to Gen2 cars.

How many £££'s your own 'cost to change' will increase will of course depend upon whether you end up going for a lower average mileage per annum, higher spec car than your current one rather than just a like-for-like change.

Good Luck Thumb
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ex 2004 Polar Silver 996T Tiptronic
ex 2002 Seal Grey 996.2 C4 Tiptronic
ex 1978 Silver 924 Manual
 
  
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Robertb
Long Beach


Joined: 01 Sep 2003
Posts: 6531
Location: South Oxfordshire

2002 Porsche 996 Carrera 4S

PostPosted: Mon Feb 05, 2018 12:28 pm    Post subject: Reply with quote

Another question... a top notch fully Hartech'd .1 or a standard higher miles .2 Question
_________________
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Current: 2003 C4S Coupe, seal/black

Ex: '02 C4S Coupe, '96 993 Targa, '88 Carrera Sport Coupe
 
  
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DerbyJim
Hockenheim


Joined: 25 May 2014
Posts: 669
Location: Surrey


PostPosted: Mon Feb 05, 2018 12:42 pm    Post subject: Reply with quote

Robertb wrote:
Another question... a top notch fully Hartech'd .1 or a standard higher miles .2 Question


Both will be a major step-up from the 996, in particularly the interior and IMHO the looks of the 997 versus the 996 too. Though I do like the bum of the 996 C4S

For me there's not enough of a difference between the 997.1 and 997.2 to warrant me splashing out but here are my pros and cons:

997.1
+ arguably better sound, just love the sports exhaust on the .1
+ more manuals available which could be a major point of getting / not getting a .2
+ prefer the slightly larger and non-LED rear lights on the 997.1
+ good value at the moment compared with the 997.2

997.2
+ better PCN interface, bluetooth and touchscreen sat nav
+ steering feels slightly better at front end
+ PDK is amazing compared with the tiptronic if that's what you want
+ DFI engine better made than the 997.1 and slightly more beneficial mpg too

I couldn't justify circa 10k to change up, but then I do know the status of my car in terms of servicing, upkeep, 2nd owner etc. A well priced GTS on the otherhand may sway me.... Grin
_________________
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Exige S2 - track car
Elise S1 - being dismantled ready for new respray
BMW 328i F30 - blown away by how good this car is
 
  
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