997 turbo prices

barriejames · 14 Apr 2013

Hi all

Need some advice. Looking at spending a largish sum of 50k on a 997 turbo from Porsche and have got a 10% discount off screen price. Couple of things. Will these drop out of bed over the next few years or will a mint one always be sought after and is this way over the top in cost. It is a 23k miles car 2008 08 manual? I want a car to take into retirement and not to change possibly for ever so have to get this right.

abcheetham · 14 Apr 2013

You'll always lose money on it mate - but hey, there's no bank interest worth having so swap your cash for that Turbo and you'll love it!

barriejames · 14 Apr 2013

I agree don't mind taking a sensible hit but if I invested in a 360 I think possible 5 years they will still be over 40k? That's not a massive issue but good 996 turbos and I mean good still near 30k.

So I figure the same for good 997's

Private this car would be almost 50k so Porsche are selling it for the same?? with full two year warranty surely this has to be worth something, I wonder sometimes if you are better off from a Porsche dealer as they like anyone have to keep turnover moving so bargains can be had.

T8 · 14 Apr 2013

£50k for a 2008 car with low mileage from an OPC seems a great deal. :envy:

I'm sure there will still be a big hit to be taken over the next 3 years. Late (05) low mileage 996T's are still worth nearly £30k as a trade-in so I'd say that's your 'benchmark'.

After that :dont know: . but my personal opinion is that the 997T depreciation will slow down a lot once early cars drop under £35k - given how much the 991 is going to cost.

If you're looking to keep it a long time I'm sure you'll end up getting fantastic value for money out of it. :thumb:

Roro · 14 Apr 2013

Is the 2008 Mezger (Gen 1) or DFI (Gen 2)? If it's the former, then residuals will be stronger I think, judging by what I've read on other similar-ish threads on the forum. There was also a magazine that did a long term comparison of the different 911 Turbos and the one they said was the one to have was a manual 997 Gen 1 (Mezger).

sssammm · 14 Apr 2013

6 years ago I bought a 1997 993 turbo mint low milage black / black with X50 pack, it was a tool, I paid £35k, 3 years ago i sold it for £35k, I would have spent the money if it was in the bank, Its probably worth £65 today, did it all wrong...now Ive bought a 997 tiptronic s, Black / Black 40k miles, humungus amount of options for £42k, hope it might go the same way,
When I sold the 993, I thought I had a result......

sam

barriejames · 14 Apr 2013

Roro said:
Is the 2008 Mezger (Gen 1) or DFI (Gen 2)? If it's the former, then residuals will be stronger I think, judging by what I've read on other similar-ish threads on the forum. There was also a magazine that did a long term comparison of the different 911 Turbos and the one they said was the one to have was a manual 997 Gen 1 (Mezger).

Hi Gen 1 speed yellow with lots of spec. Sadly I don't know much about them, except I like them. I have had three 996s models but the last was a year or so ago.

Seventy Seven · 14 Apr 2013

Sounds like a good deal to me.

Turbo 997 will probably hold value better than most 997s!

Martian · 15 Apr 2013

997 Turbo prices have started to rise dramatically. Gen1 Mezger manuals should be touching £90K by July/August this year!

Or I'm kidding myself!

GT4 · 15 Apr 2013

barriejames said:
I agree don't mind taking a sensible hit but if I invested in a 360 I think possible 5 years they will still be over 40k? That's not a massive issue but good 996 turbos and I mean good still near 30k.

So I figure the same for good 997's

Private this car would be almost 50k so Porsche are selling it for the same?? with full two year warranty surely this has to be worth something, I wonder sometimes if you are better off from a Porsche dealer as they like anyone have to keep turnover moving so bargains can be had.

I can see at least two differences:

1) Rarity value (a lot less 360 than 997T)
2) The 360 is about 5-7 years further down the depreciation line (either in the specific vehicle you are looking at, of the price profile for the model in general) - and hence there is either less depreciation left or more likely, as with most Ferrari eventually, it has turned a corner and may start appreciating - with the best will in the world, you are looking at another 10 years before the 997T MIGHT start to do the same.

The upside is that even with the higher overheads of a Turbo engine (over Carrera etc), 997s overall cost to keep will never be as expensive and fragile as the repair/maintenance requirements of the 360.

A 360 may go up X over 5 years, but you will have paid X^2 to keep it!

cheshire911 · 15 Apr 2013

Crystal ball gazing is fraught with difficulties and no-one can accurately predict which will be the gems and which will be lemons. Last months 911 & Porsche World ran an article about 996's whihc they had been slating of late. Now they reckon (in essence) the dogs of the 996's will go to the graveyard in the sky and what will remain will be good clean cars that will be sought after (no commitment mind on appreciating assets). However they did mention the possibility that the 996 Turbo could be very highly sought after - apprecaite in price? I don't know but I know one thing, reading GT Porsche this month Peter Morgan has written articles on cheap Porsche vs not cheap and the Carrera 4s. They reckon the 996 4S and the Turbo will be the cream of the pick. So where does that leave the 997? Even more difficult to predict what will happen given that the oldest 997 is 9 years old, still depriciating and that means whoever buys today and sells in the next few years is likely to lose money. Given the reputation of the Mezger engine. I'd guess that the safest bet in a 997 would be a Mezger-engined Turbo.

Looking around (and going off the article about cheap Porsche in this months GT Porsche) 996 Turbo prices are all over the place. They can be had from £22k to north of £30k which probably reflects condition, history and mileage. Question then is do you go for a high end late 996 Turbo or a bottom-end early 997 Turbo? Each to their own on that one. One thing is clear - they are great supercars, meant to be enjoyed. If they appreciate in time, then that is a bonus.

Re: Ferrari 360, I don't know about these but I have heard a lot about how unreliable and fragile they are and how much more expensive they are to own and run than a Porsche Turbo. Maybe those members here who have both might clarify their experience and ownership realities.

T8 · 15 Apr 2013

cheshire911 said:
.......... 996 Turbo prices are all over the place. They can be had from £22k to north of £30k which probably reflects condition, history and mileage.

Question then is do you go for a high end late 996 Turbo or a bottom-end early 997 Turbo?

There's a few very nice 04/54/05 996 Turbos around at the moment for £30k-£34k but not many '06 997 Turbos for under £42k. That's a big gap and I reckon it'll be a couple of years before there's any cross-over in 996T / 997T prices.

As I said before a 2008 car for £50k, from an OPC, sounds a really good deal - especially with that low mileage.

cheshire911 · 15 Apr 2013

If the 991 Turbo's arrival is factored in, then prices for 997's may fall sharper than first thought. But then again they could hold up. All in the lap of the Gods.

Seventy Seven · 15 Apr 2013

Seventy Seven said:
Sounds like a good deal to me.

Interesting interior colouring, if I have the right one?! May explain the discount.

Ekona · 15 Apr 2013

barriejames said:
I want a car to take into retirement and not to change possibly for ever so have to get this right.

If that's the case, it doesn't matter how much it drops, surely? Depreciation is only a problem if you have to sell.

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