How much is my 2003 Carrera 2 worth?

dannyp1 · Dec 2, 2014

Looks like i'm going to have to sell my pride and joy next summer. Eight years I've had my lovely 996 C2. It's been awesome. Drives as good as the day i bought her. 88000 miles and looks as good a new. Alloy wheels all refurbed, shiny and new. I have the Carrera spoiler, the one that porsche built it with (can't remember what its actually called). Plenty of extras: headlights, bose and whatnot.

I've looked on pistonheads and it's not clear how much i should expect to get for it? The prices were so low! Can it really be worth so little?

wibbaboo · Dec 3, 2014

Hi - I have spent the last 6 Months searching for a 996 Cab (Tip) -
As part of my search I looked at 51 Online sales that fell into this criteria of car. (from Sept - Nov 14)
and scored each one - (Some) of the graphs I produced are below... I know its not what you are selling - but may help in having a recent snapshot of the market.

I bought one last month and immediatly got an evaluation from webuyanycar which was 30% less than what I paid for the car... I intend to get an evaluation every year for depreciation purposes

wibbaboo · Dec 3, 2014

Richard_Hamilton · Dec 3, 2014

Greg, that is sooooo sad (but just the sort of thing that I would do!)

Glad that one worked out for you.

dannyp1 · Dec 8, 2014

Oh my god! That's even worse than I thought. 10k, give or take??

Awesome charting and research there mate: Respect.

10k? Man, that's wild. Actually, it's good news. Good news because it's so low. So low there is no point in selling the car! I spend £40k on that baby eight years ago. For me, it's still a $40k car. Drives as good as the day I got her. I certainly get £40k value and enjoyment out of her every time I drive her.

10k! That's a travesty. If I sold the car, whoever bought would be laughing all the way to the Leeds. Nothing ever goes wrong with it! Ever. (Touchwood)

Just did a WeBuyAnyCar and it came up @ £9,700 - and they always knock you down for even more than that.

Now I just need to convince the wife. But really, there is no point selling the car if that's all I get, which is awesome news!!!!

Next question: Any point in economising on service costs by going to a non OPC?

Stuart Mackay · Dec 13, 2014

Surely it will be the same for any potential classic car? The economic laws of supply and demand will dictate the prices.

You know the story...prices fall, they get bought, trashed and then broken up by folks who cant afford to look after them?

Then all of a sudden they become fashionable again, become eligible for classic race series and prices will increase when the Youth of the Noughties get a few bob and want to buy back the thing they never could quite afford in their youth!?
It would be interesting to know how many 996s were exported to China or India when new? As these markets will drive the classic car values over the next fifty years,

The technical issues that seem to place a spectre over the cars value are technically easy to fix and the aftermarket specialists no doubt will continue to develop their products for the cars.

The next thing you know, the values climb as the restoration/ preparation costs drive the classic car price market.

Who would have thought ten years ago that early sporty escorts could be worth £40-50 grand now? Also racing elans and Mk1 lotus cortinas are knocking on towards £100 grand these days! A value that far outweighs their remanufacture cost but is driven by Historic racing being popular worldwide.

Think about it guys, what other cars are there out there that cost £80 grand new that you can buy for around £10-20 k and still can put a smile on your face as much as a 996?

Enjoy the cars, buy more than one now while you can, cherish them and sadly(!) they will be a good pension fund or at least an investment whose ultimate value will more than match the cost of ownership?

SteveAndrews · Dec 14, 2014

These charts are all very well but from my own experience in 2013 of looking for a 996, when the cheaper cars are actually seen or more detailed enquiries made there is usually a reason why they are cheap! Cars that are described as being with full service history sometimes turn out to not be so full or "will be posted on to you". Others described as good condition turn out to be anything but. People want to meet in places other than the address on the log book. My experience was that cars that really sounded genuine and weren't that cheap often did get sold fairly quickly.

Even cars advertised by some so called smaller specialist dealers were in a poor state when I turned up to view them. I would have been embarrassed to show a car in the condition they were. It seemed that some dealers didn't want to spend anything on the cars until they had a deposit from a buyer and relied on promising that the paintwork would be sorted, the wheels refurbed, the engine would be fixed etc after someone had agreed to buy.

I suppose what I am really saying is that if your car is in very good condition, in a good colour, then don't sell it short. You cannot expect to sell it at the same price such as as 911Virgin would ask, as they have to give guarantees etc and have reputations to keep. But their prices for a similar car, less a couple of thousand since it is a private sale, is probably a good place to start. I've just checked and 911Virgin are currently advertising a 2003 996 4S with 51k miles for £21,995. I know it's a different car as a 4S with lower miles and more valuable but it illustrates that good cars still don't come cheap.

Ripmax · Dec 15, 2014

I don't know if it was a one off when I looked a couple of weeks a go, but it felt like there were a lot less cars for sale than three years a go when I bought mine (I bought mine in October 2011). The values were pretty much the same but supply seemed a lot less. So that's not all bad, if that is the case. I paid £11k for my C4 with 79k miles on the clock back then. So to get £9k or £10k now with 90k doesn't feel at all bad. If I don't think about the £7k I've spent that is...

thirteeneast · Dec 19, 2014

ORIGINAL: wibbaboo

Hi - I have spent the last 6 Months searching for a 996 Cab (Tip) -
As part of my search I looked at 51 Online sales that fell into this criteria of car. (from Sept - Nov 14)
and scored each one - (Some) of the graphs I produced are below... I know its not what you are selling - but may help in having a recent snapshot of the market.

I bought one last month and immediatly got an evaluation from webuyanycar which was 30% less than what I paid for the car... I intend to get an evaluation every year for depreciation purposes

But "webuyanycar" don't give quotes just insults?

gwyn may · Dec 25, 2014

You dont buy a porsche and worry about the devalue, you buy it for what it is[8|]

912UK · Jan 7, 2015

Dannyp1 sell it to me..

I have been skirting round 996's for a while now.. I had been chasing 996 Turbo Cab's but the ball just kept moving North every time I got close. It didn't help with inspection costs on cars that where , well rubbish. I am not going to say what I think of the owners who knew about the faults! So with that I am £500 down.

I am not interested in the early 911 hype I think £30k for a 911 SC is just mental, nice cars I would buy one now for £20ish K but it's a bubble I will wait.. So then back to 996's got to say each one I have driven I have loved them. The turbo is mental and fast great stuff but the more this goes on the time I really use the car I think a nice 996 for sensible money £10k and some money spare incase of engine issues I think is the route to go..

can we see 996's cira £5k mark?? I don't think so not for a while. May be higher miles basic ( grey hire car interior cars ) but half decent spec 996's I can't see them dropping below £8-10 eara for some time. So I think this is the year I will pull the trigger to be honest and leap into flat 6 world only it's watercooled.