993 prices

[Porker993]

996/997 prices certainly seem to be taking a hit, witness the general gloom on trade in values over on the 997 forum. 993 prices ? Hard to say. There are not that many on the market, and prices are closely linked to mileage and condition, so fluctuate widely. You can pay sub £16k for a cat D up to £50k plus for a mint TT.

 

[hanhams81]

Any solid news as to prices since the economic gloom descended. Some recent reports have been hard to fathom! Are prices still firm or perhaps softening a little? Not that I seek to sell. Mine will be in my box with me when the time comes. It's just that a little good cheer will not go amiss. It would also help if the rain stopped so that I can get out for a decent run.(Dry weather driver, sad I know). When it was sunny there was no V Power about these parts thanks to the tanker driver's strike.

 

[Dylan1]

it seems 993 prices generally have softened a bit,but nowhere as bad a hit as the 997/987/996 model.it does seem poss to pick up lowish mileage good condition 993`s for mid-high twenties which wouldve been 30+a few months ago

 

[Coopes]

Yeah the 996 prices have taken a massive hit. There is a 996 Carrera 2 for sale on autotrader for under 14k. This could be frowned upon of Porsche being of its own success. They have made the units and increased there profits 10 fold if not more. The future is not bright!!

 

[Guest]

Obviously those wishing to buy will be trying to use any bit of 'negative media coverage' to talk prices down as much as possible, but I think 'good' condition cars shouldn't suffer that much as there is always a shortage... not making any more after all I'd rather hold onto mine than sell it at a deflated price, errr, well actually I'd just rather hold onto mine I'd make a wild guess / sweeping statement, and say that most 993 owners probably own their cars rather than have them on finance, so won't need to sell them to cover other bills if things get worse, hence there wont be a rush to the market.. Less cars available means steady residuals... Well thats my theory anyway And more expensive fuel, means I value every mile more

 

[Incept]

Hi, If you check out the prices being asked by retailers for 993 2s models in the Autocar, prices don't seem to have moved at all since I got mine 2 1/2 years ago. Of course condition and rarity will always play a greater part in values when times are hard. Just more reasons to spend our weekends caring for our prized possessions!! Cheers, Chris

 

[Mark Elder]

There certainly don't seem to be any more 993s around to buy than there were 2-3 years ago (indeed, my percention is fewer cars now). I suppose that is good for me [] (although, as already stated above, I can't imagine why I'd ever sell mine...)

 

[Dylan1]

check out the prices being asked by retailers for 993 2s models in the Autocar, prices don't seem to have moved at all since I got mine 2 1/2 years ago. whilst 20-30k cars still seem around the same maybe,the higher priced ones seem to have vanished so i still think there is some softening(tho not as much as 996/7`s for the reasons prev mentioned)IMO of course

 

[jdpef356]

I guess if you were looking for a Porsche car the current climate now would be the time to do so. Although if you are looking for a 993 it would appear that no more than usual are on the market. Of these few how many having made the intro phone call would you travel to view? In my case not many. On the general Porsche front trying telling an early 911 owner that his car is going south in the value stakes and he will laugh - and the 356 guys would be on the floor laughing. Thats why when looking for a car its always wise to find something thats a bit special. ie Last in line 993 - then look for LE within models.

 

[Mark Elder]

...and..just had my tax disc renewal notice.... a mere £185 for our cars[][]

 

[Dylan1]

waw mark.thats £20 less than i paid for mine!! the final straw-must sell up immediately[]

 

[vinceg]

Have mentioned in some prior posts that I maintain a little excel price modeller on 993 prices. Started this off several years ago when I was looking for my own car as a porsche newbie trying to figure out 'fair value'. Have continued to maintain this as a background task. Nothing elaborate here but I do think its probably fairly close. At the end of the day its down to 2 parties agreeing a strike price. Condition and history of course remain critical and difficult to guage from a adverts... That said, model based on 1800 cars over 3 years which are price normalized against yr, miles, model, colour, lhd, cat d, owners, dealer, man/auto,service hist,condition,...so from a stats point in has some merit. 3 years trends I have recorded against a baselined car of each model type as below. % figs are respective YonY movements. Would be interested if anyone has any strong contra opinions but seems to support what I was told originally ' by a number of seasoned oldies - 'good 993 dont lose much value'. And compared to the 3 years loses on my new ML! In summary: 'S' cars flat; turbos up, rest down a tad, but not a lot. 2S 4S C2 C4 Cab Targa TT Jun-05 Jun-06 -0.8% -0.6% -5.3% -7.0% -5.7% -3.6% 3.5% Jun-07 -0.3% -0.3% 3.4% 1.2% -3.3% 0.3% -1.1% Jun-08 2.2% 2.1% -1.3% -0.4% 0.0% 0.8% 5.9%

 

[jason]

If you have no intention of ever selling why on earth do you care? And how will knowing what something is worth that you are never going to sell cheer you up a bit? 993 prices tend to be firmer than others as half of them on the market are not actually up for sale - just owners seeing what they can get possibly. The ones that are up for sale are usually 5-8k cheaper than these and sell so it's difficult to work out. The new models have taken a tumble simply based on supply and demand.....but the 996TT has to be the supercar bargain of all time now....and what a car! (I sold mine about 4 months ago before the inevitable drop came[&o])

 

[Porker993]

That's very interesting. I hear what you say about "nominalising" the statistics for mileage, etc (do you mean "normalising" ?) but the truth is, as mileages get higher, actual prices fall, creating a perception of falling prices ?

 

[Mark Elder]

Yes - very interesting indeed. Only downer is that I see the largest drop of all (7% for C4 in 2006 - when I bought mine) exactly matches my normal investment luck! If you spot me buying something, it's time to invest elsewhere. Seriously, Vince, well done for all the work on this. What do you reckon for the depreciation per mile? (Although I agree with Jason - who cares, I'm not going to sell! - I just want to enjoy - done 10,000 miles in her in last 12 months)[][]

 

[vinceg]

Good spot on the normalize -corrected. Mustn’t trust that spell checker so much…. Below is the mileage adjustment table from the model. Low miles command increasingly steep premiums and if you intend to drive it probably a bad idea to buy at that point. Have noticed cars > 80k seem very hard to sell into the trade but probably some of the best value – especially the star ship milers if they are sound. Model uses below to adjust against an assumed 60k reference car FYI. 2S 4S C2 C4 Cab Targa TT 0 13 13 10.4 10.4 10.4 10.4 30 10 10 10 8 8 8 8 20 20 7 7 5.6 5.6 5.6 5.6 15 30 5 5 4 4 4 4 9 40 2.5 2.5 2 2 2 2 5 50 1 1 1 1 1 1 3 60 0 0 0 0 0 0 0 70 -1 -1 -1 -1 -1 -1 -2 80 -2 -2 -2 -2 -2 -2 -4 90 -3 -3 -3 -3 -3 -3 -6.5 100 -4.5 -4.5 -4.5 -4.5 -4.5 -4.5 -8.5 110 -5.5 -5.5 -5.5 -5.5 -5.5 -5.5 -10 120 -6 -6 -6 -6 -6 -6 -13 130 -6.5 -6.5 -6.5 -6.5 -6.5 -6.5 -15 140 -7 -7 -7 -7 -7 -7 -16 150 -7.5 -7.5 -7.5 -7.5 -7.5 -7.5 -17 160 -8 -8 -8 -8 -8 -8 -18 I certainly don’t live this stuff but have maintained the model over the past few years - few hours a month - as a little background interest. What I did find originally, and still do, is it is not uncommon to see very large variations relative to fair market – both ways. This much more pronounced in the private sales market. I only use dealer cars in the modeling but do note private cars. So you may have bought that C4 at well below market and hence still worth all you paid.

 

[hanhams81]

Thanks for the opinions. Jason, it's the businessman in me even though I am long retired. My tutor always recommended not to invest in a depreciating asset if at all possible. Difficult to achieve but good advice none the less. My bike is still worth what I paid for it! It seems we have been wise investing in a 993. Knowing just adds another lift to the joy of driving the things. Hanhams 81

 

[Dylan1]

My tutor always recommended not to invest in a depreciating asset if at all possible. mine used to say-if it flies floats or fornicates,rent it!! presumably yours had a bike then []

 

[jdpef356]

And how will knowing what something is worth that you are never going to sell cheer you up a bit?

Well just imagine how you would feel if you thought your house was worth 250K only to get it valued at 200. Even if you were not going to sell it I bet you didn't have a smile on your face for the next couple of days! Well its certainly good to know that your selected choice in wheels was wise - of course the real investment is in the pleasure you get from driving your pride and joy. Anything else is a bonus.

 

[Dylan1]

"Well just imagine how you would feel if you thought your house was worth 250K only to get it valued at 200. Even if you were not going to sell it I bet you didn't have a smile on your face for the next couple of days!" strange this english preoccupation with house prices and car depreciation(or less deprciation!).any folks from other countries must think us a strange and depressing bunch!!most foreigners just get on and enjoy life[]