993 Prices - Crystal Ball

[Olly1]

Since selling my 964 earlier in the year I`ve been thinking about getting a 993 to take back to NZ with me when I eventually leave the UK. (was going to be this year but have decided to stay for a few more years)

SO, my question is (potential can of worms) What do the masses think will happen to 993 prices over the next 2-3 years,
- Increase,
- Stay much the same, or
- Decrease?

I haven't been following the 993 prices for that long (circa 12 months) but in the last few months I`ve seen some advertised for what I would consider as "crazy prices". They dont seem to be selling, Thank God, but it does get me thinking.


As nice as it would be to have, I don't need a 993 right now. It would be a weekend toy and not likely to do any more than 2,000 miles per year while in the UK but I`ve made up my mind I will buy one at some stage and with the crap interest and exchange rates I`m trying to justify buying one now.


Interested to hear peoples thoughts.

Cheers

 

[davidcross]

they will always be a great little aircooled car and i dont think prices have changed much over the last 18 months but current economic climate will dictate that alot of weekend toys will come up for sale therefore prices wont be going up in a hurry

 

[tallmat]

I think they will start creeping up; but it depends which 993 you're thinking of.

Low mileage and good provenance cars have gone up in the past 18 months, and will continue to do so.

Supply is contracting and typical purchasers are not hedgies and bankers who's bonuses are getting slashed. Their changed fortunes are why 997 values are plummeting (and the 991, of course)

Never to early to start looking, having time to find exactly what you're looking for is essential.

Good luck.

 

[Dylan1]

as has been said i suspect a low(sub50k)miles C2S or C4S will always command good money.

a bogstandard C2 or C4 with average 80/90/100 plus miles will i expect drop-my immaculate 90k example sold for 15k earlier in the year and i see lots going for the same kind of money.thos expecting 20kplus for one are dreaming which is why so many are left unsold.for the same reason 997`s have plummeted the 993 is also falling(tho not nearly so fast)-less people with spare cash for fun cars.not going to change over the next few years so may as well get a good one now and enjoy it.have a nice x,ams present to yourself[]

 

[davidcross]

ORIGINAL: dyllan

as has been said i suspect a low(sub50k)miles C2S or C4S will always command good money.

a bogstandard C2 or C4 with average 80/90/100 plus miles will i expect drop-my immaculate 90k example sold for 15k earlier in the year and i see lots going for the same kind of money.thos expecting 20kplus for one are dreaming which is why so many are left unsold.for the same reason 997`s have plummeted the 993 is also falling(tho not nearly so fast)-less people with spare cash for fun cars.not going to change over the next few years so may as well get a good one now and enjoy it.have a nice x,ams present to yourself[]

Wise words.......

 

[Mark Elder]

Agree with what is above - you may as well buy now (when you come across one that's good at right price) and enjoy it. I don't seem them falling significantly - so no point in hanging on.

I'm quite horrified by how much 997's have plummeted. 6 Years ago when I has buying my 993 they had been out of "current car status" for around 7 years but you still had to pay a price for them that's not a lot different from 997 prices now - certainly I've seen 997s advertised in last month for less than I paid for my 993!

 

[JB 3.2]

As observed by many before. 997 prices look like 'good value' but service and repair costs are in another league compared to the 993.

 

[RSIMON]

I think well maintained car should hold their value and low mileage cars increase. This makes 993's very good value due to their lack of depreciation which then reinforces their value. Quiet a number of Porsche models drop quite rapidly in value, mostly the non 911 models. 996's have crashed, and apparently 997 (see above) are doing the same. If 993's were going to fall they would have done so long before now.

The 993 is arguably one of the best looking 911's, has low running costs, classic insurance and better than having money sitting in an account earning less than the rate of inflation. Plus if you look at places like Douglas Valley Breakers there are less of them every year.

 

[Dylan1]

lack of depreciation

low-not lack of depreciation I would suggest.mine lost about 3-4k in a year.i know friends who have experienced the same-all with immaculate well kept cars.the days of zero(or near)depreciation,are over i am afraid,(for all but the very low mileage C2 or 4Ss)or remain so only in the eyes of the unrealistic!!

 

[lauris]

i have been watching 993's, 355 ferraris and 360 ferraris and gt3's for about a year now, have owned all over the years and presently looking for a good 993 as a third car

values of good low mileage 993's have remained firm, C2 manual cars in good colour combos are firm at around 20k for low mileage ones, tiptronics are very hard to sell and most of the ones on piston heads have been sitting for 6 months or so, unless very cheap-(mid teens), the C2S and C4S (I had a C2S) have kept their value very well and are worth high twenties or low thirties,

there is not a lot selling at all, and really only low priced cars of ones with low mileage are moving, there are around 120 993's on pistonheads normally and there will be lucky if there are 2 new ones each week, (most of the cars just listed are just being relisted so they dont look like they have been sitting around since summer 2011)

where will the values go, well good low mileage cars (60k or less), manual, and in good colour combos should retain their value and in the long term will probably increase in value, but it will be a slow increase, (air cooled cars will ultimately become more and more collectable)

part of the sales problem at the moment is that 996's and now good 997's are in the 993 price bracket, so the market for people looking for 993's is getting smaller as you can buy a 40k manual, fully loaded 997 for the price of a half decent 993. (£25 will now get you a stunning 997) the 997 is a completely different experience but faster more refined, better on fuel and looking like exceptional value compared to 993's - but they will continue to fall in value where as a good 993 should retain its value.


my own personal prediction, is that a C2 manual with airon (non air-con cars a really difficult to sell as aircon has become the norm in everything from a punto upwards) sport seats, with low milegage (less than 60k) in red, black, white, silver, mainly with black interiors are likely to the most desirable cars,

the C2 s (or C4s) are already at a high price and unlikley to go much higher in the next 5 years,

I wouldnt look at any of them as an investment, but as a weekend toy that shouldnt lose much in value, they do represent good value.


As a weekend toy, another car to consider is a 3.2 (987 boxster) again more refined and with noticeable better handling and much much better fuel economy, you can pick up low low mileage cars for less than £15k now, i had a boxster as a daily driver for a couple of years and loved it,


just my thoughts,

good luck with your hunt for a car,

scott

 

[Olly1]

Some really good comments coming out guys, thanks. I too see the prices of the 997's and they look a hell of a car for the money and also better for a daily back home but I just can't shake the 993. Ideally looking for a nice black on black NB with
My budget for a "toy". Although if I don't buy now potentially I can throw a few more k at the car in a couple of years as I won't have had to allocate 2k a year for annual maintenance, insurance etc

 

[jdpef356]

Olly

If you want a 993 don't settle for anything less. Save, buy, enjoy the 993 experience. Then you can if you wish sell and buy a 997/991 (whatever) which have continued to depreciate so you would still at current depreciation rates be able to afford one.

Lovely as all Porsche cars nothing worse than taking something out of the garage and thinking, if only I had waited! []

 

[spe]

I am not sure on this but does the car need to be registered in your name for 12 months before shipping for less import duty?

 

[Olly1]

ORIGINAL: spe

I am not sure on this but does the car need to be registered in your name for 12 months before shipping for less import duty?

Yes it does. Also can't be soldin first 12 mths in NZ. Although I don't see that being any problem.

 

[Russell Wheatley]

Olly,

even if the prices do not drop you have to factor in running costs - garage storage (if you don't have one), insurance, tyres, dampers, yearly maintenance.
Also like any 15-18 year old car things will wear out due to age/mileage. If you are prepared to put up with this, you will have fun travelling around England in your little car.

Russell

 

[Robert Teague]

I drive a manual car for my day to day usage but went for a tiptronic c2 and don't regret it one bit. The torque (varioram) suits it well and with the steering wheel buttons is good fun. The values may be lower but the value is not!
Don't rule it out in any way.
Good luck
Robert