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997.1 v 997.2

jaked

New member
Joined
18 Apr 2013
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4
Hello all, just joined. I have wanted a Porsche for years and decided now finally is the time. Read a fair bit on all the boring bore scoring stuff / ims / rms etc which scares the hell out of me but i am going to buy one, just now deciding which way to go. I had an 05 .1 inspected recently with a view to putting on a maintenance plan with my local specialist, however it needed in total £7k plus vat of work to correct all they could see + tyres. I knew it was a bit tatty but hoped it had been maintained well. My main worry the bores actually looked okay. Needed new rear shocks, wishbones all round, front discs, geo etc, all coil packs cracked, rms leaking but could leave that a while, lots of other bits and bobs. Got the price down to £21k but didnt buy it.

Anyway now thinking i will either go for a .1 from a respected specialist 05 for £29k ish and pay the extra for some piece of mind, this i would need finance on but could clear without a balloon which i really didnt want or now thinking if i did have a balloon could stretch to a gen 2. I did not want to pay OPC prices or the warranty, the specialist plan is more appealing to me and less money but the older car may still not be accepted without work (or the newer one), they told me any car that age could have all the same issues. The gen 2 i suppose i ought to stick to OPC to retain value but then would need the warranty and increased service costs on top of a car that is a fair bit more than i was going to spend :?

Any ideas on depreciation over say 5 years on the 2 cars?

Thanks :)
 
jaked said:
Any ideas on depreciation over say 5 years on the 2 cars?
:welcome:
The Gen2 will be more stable regarding depreciation over the next couple of years, I guess. And you don't have to deal with IMS & Co.
 
Wow you just dived right in there didn't ya? :welcome:

I'll let some of the more senior guys advise on which way to go. I think if it were me and it was possible to stretch to a Gen 2 car that's the route I would take.

In terms of depreciation the 997's were mass produced (which is the only reason I can afford one today) so they are only going to fall further. But by how much who knows?

At a guess I think the Gen 2 cars would lose a little more of their total value than the Gen 1 cars given the Gen 1 cars have been around longer. However they don't have the potential engine issues the Gen 1 car may have and the DFI engines are more fuel efficient and faster so again who knows?

Given what a good 996 C4S goes for today I expect my 2006 997 Gen 1 C4S to be worth MAYBE 20-23K in 3 years.
You'll hear this from others I am sure but get the car you want and forget the depreciation :thumb:

-AP
 
Best you can do for depreciation is look at equivalent aged 996/997.1 especially on carrera/carrera S.

Current 997.2 S will be approx £40k+ at independent, more at OPC.

997.2 carrera will be mid £35k+.

No idea what they're going for privately but as you'll need to finance not an issue.

If I were going to buy any 997 without a warranty it'd be the 997.2 - no reported engine issues.
 
It's so simple you just need man maths:

997.1 05/06 29k now in three years will be worth what an 02/03 is now so 13/14k for an extremely good one therefore cost is £5k pa

997.2 08/09 45k now in three years will be worth what an 05/06 is worth now so £29k for an extremely good one therefore cost is £5k pa

So really the only decision is do you want a Gen 1 or a Gen 2? :thumbs:

Might not stand up to total scrutiny but a great start
 
997.2 (unless Turbo or GT3, in which case, 997.1)
 
I agree with all the responses so far and I can see where you're coming from with regards to considering depreciation. With them being mass produced you're not going to ever reach the appreciation status of the 993 so the depreciation is really inevitable, how much you lose will largely depend on where you purchase it from in the first place. You'll pay a premium for an OPC model and much less if you go private. There are risks associated with the latter.

The reality is that any premium brand car will depreciate, the important element for me when considering the 997 was to lose money on a car I love driving and owning having owned many BMW's/Mercedes over the years, the 997 makes losing upwards of £5k a year in depreciation (plus service costs) much easier to accept as I get the enjoyment from ownership.

I imagine the Gen II will command a premium over Gen I for it's updated spec + revised DFI engine which negates any of the worries with the Gen I which may hold it's price better long term.
 
Cheers for the replys guys. Got some figures back tonight to finance £36k with a £9k deposit so £45k car, it is more than i want to go to really. I know lots of people say it but i want to keep the car a long time if i can. The thing with the £29k car is they can be had for £23-£25k private which makes depreciation look much better....but its making sure they dont need the difference spent straight away, there must be good ones out there, harder to finance private sale but i think it is possible. If i can get the car on a maintenance plan should the worst happen its parts cost only.

Anyone with a 997S for sale want to bring it down to Bournemouth for an inspection? :D
 
If you keep the car for, say 4 years, the more you pay, the more you'll lose.

Looking at the 996.1 v 996.2, the only differentiator is age and I can't see any reason why the 997.2 would buck the trend. Yes I understand the engine benefit, but can't see that resulting in a softening in the depreciation personally.
 
GT4 said:
997.2 (unless Turbo or GT3, in which case, 997.1)

Debatable. For a GT3, the only reason to buy a gen 1 is the lack of centre lock wheels and trying to save money (which is forlorn if you track it). In every other way the gen 2 is the better car. To my mind a 996.2 GT3 with a selection of NXI-approved suspension mods would be a better option than a 997.1. I honestly believe that a gen 2 Clubsport is a better car than even a gen 1 RS (which was why I put my money where my mouth was and bought the gen 2).

Gen 1 makes a better case on the 997 Turbo, but otherwise gen 2 all the way.
 
I was only addressing the 997.1 vs 997.2 question (otherwise I may have dropped the 993 bomb, or advocated the seminal 996.1 GT3)

As for preferred 997 GT3s, for me, the 997.1 works best: more raw handling, more sunroof, less centre-locks, better looks and the perfect displacement (I don't like the idea of larger capacity Mezger blocks and the ensuing proximity to the envelope).

If those features don't float your boat, well that's fine, they were my preferences.
 
It's so simple you just need man maths:

997.1 05/06 29k now in three years will be worth what an 02/03 is now so 13/14k for an extremely good one therefore cost is £5k pa

997.2 08/09 45k now in three years will be worth what an 05/06 is worth now so £29k for an extremely good one therefore cost is £5k pa

So really the only decision is do you want a Gen 1 or a Gen 2? thumbsup

Might not stand up to total scrutiny but a great start

Not sure where you are getting the 13/14/K figure from because a simple search shows the "extremely good" 996 cars going for a fair bit more than that....

However, I am aware I was not buying property when I bought my car I wouldn't be at all surprised if I was proven wrong.... Guess the GT3 will have to wait :roll:

-AP
 
I have the 997.1 manual, does what I want. My mate had the 997.2 PDK, but had lots of problems with the PDK. Didn't get a result with it been fixed so sold it back to the main dealer he bought it from. He has not bought another 911 since. Not saying there are lots of PDK issues, but they do have their problems.
 
Just FYI I sold me December 2006 Targa 4 with a good spec and 34k miles with a 2 year OPC warranty for £31k so £29k for a 05 car sounds like a lot.
 

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