Selling 80,000 mile 944 Turbo

[wibble]

Very nice. I will be making the same decision to sell mine soon - watching the 996 market for the past 6 months and the time is right.

 

[Greg James]

Do you think a 996 will hold your money better than a 944 turbo?

 

[JagdHamster]

I'd like to say money isn't a factor in this decision. It was, but in odd ways:

Firstly, I think the 944 (Turbo especially) market has done really well, so you have to sell to "take profits".
Secondly, the 996s are starting to move upwards from their crazy lows. So I do think it is a good time to buy 996s; there's certainly less risk of a bubble-imploding loss and more upward potential. (no I don't work in the city!)
Also, because my 944 was worth so much more at 80,000 miles than it would be at 100,000 miles, I was starting to feel like each drive was costing £10/mile, which took some of the enjoyment out of it. Can't really enjoy a car you can't drive

Lastly, this particular spec. 996 Carrera is a lot more "sporty" (pointy, squirty, Lotus-y) than the 944 Turbo, probably like a 944 S2 is (which is possibly what I should have bought originally instead). But I'm always tempted by P-O-W-E-R! It wasn't quite what I wanted personally. Still a lovely, lovely thing, though.

HTH,

Russ

 

[Greg James]

Nice one hope you enjoy it and protect your cash as well. Are 996 s going up at the moment? I suppose all the other models have what are the 997s doing price wise? Ive always fancied one of those.

 

[blade7]

ORIGINAL: JagdHamster



Firstly, I think the 944 (Turbo especially) market has done really well, so you have to sell to "take profits".


Russ

If the 944 Turbo goes the way of the 968 CS I'm off, not because I can "take profits" but because all the speculator BS will get stuck on the car like sh*t to a blanket.

 

[pauljmcnulty]

If the 944 Turbo goes the way of the 968 CS I'm off, not because I can "take profits" but because all the speculator BS will get stuck on the car like sh*t to a blanket.

I think that's already the case. Certainly with original turbos on lower miles, or the rarer versions like the siver rose.

Modified, higher-mileage or scruffy examples are less appealing to collectors, but I wonder if the inevitable has happened with the car's kudos increasing at the same time as prices of all classic cars are rising?

The good news is that it's not all 944s that investors want. The 968 CS might now be over-priced, but there's no great premium on a Sport, which is almost the same car.

I can see a 50K miles silver rose in concourse condition continuing to rise in value so fast you wouldn't want to use it, but there are still enough "ordinary" turbos on the road that will never be in that category. The people investing in classic cars purely for profit are only after a very small number of 944s, and I'm not sure yours or mine will every be one they are queueing up to bid for! []

What the speculators have done is drive all the values up significantly. This can only be good for all of us, as it becomes more viable to spend proper money on maintenance and restoration. I see it as a positive thing, and they're still cheap enough to drive without worrying.

 

[steve 944t]

That's a lovely looking 996 and perfect spec. My 996 came to a rather tragic end after spontaneously combusting on the drive [], cause unknown but presumed electrical. I think the 996 C2 makes an almost perfect road car - wonderful steering, instant throttle response, superb brakes once you get used to the hard pedal and just the right amount of usable performance. I now have a 997 C4S which is fabulous but if anything it has too much performance for road use and it is all too easy to see some pretty high numbers on the speedo. It is also blooming wide - looks fantastic but not ideal for hustling down country lanes.

Enjoy your 996 and don't have sleepless nights about IMS failure! Oh, and don't worry about it randomly catching fire either - I am assured it is not common []

 

[blade7]

ORIGINAL: pauljmcnulty


The 968 CS might now be over-priced, but there's no great premium on a Sport, which is almost the same car.

I've been saying this on PH for years and 968 CS fans regularly spit out their dummies [] I draw the some conclusion with a 88 Turbo S and a fully optioned 89-91 Turbo....

 

[Waylander]

I totally agree the CS is just a sport with a few bits removed and the coupe a sport with the right bits added, they are all the same car under the skin, as you can get a coupe with M030 just the same as a sport or CS

The big problem for investors is there are now quite a few sports that have been dressed as a CS and as the VIN checks out as a Clubsport it's very hard for them to sort the real from the fake

 

[blade7]

ORIGINAL: Waylander

The big problem for investors is there are now quite a few sports that have been dressed as a CS and as the VIN checks out as a Clubsport it's very hard for them to sort the real from the fake

Serves them right for believing the hype, and what about a CS fitted with comfort seats and other options [] .

 

[Waylander]

Same problem in reverse, the big money is on low mileage Clubsport with the hardback buckets and all the garish decals as it came out the box

 

[JagdHamster]

Thanks for your comments , Steve.

I don't worry at all; the car was such a bargain that I have a cash reserve in the bank should the unthinkable happen (they reckon only 5% do anyway), so no stress at all. Also, this one's been run on Millers Nanodrive oil most of its life and superbly maintained, so the chances have to be very slim.

I agree it's the close to the perfect road car;I used to have a 996 Turbo and it was big bruiser of a thing in comparison. This one steers and rides so well it reminds me of a Lotus Exige I once drove (with a much better engine), so that's a good sign.

Cheers,

Russ

ORIGINAL: steve 944t

That's a lovely looking 996 and perfect spec. My 996 came to a rather tragic end after spontaneously combusting on the drive [], cause unknown but presumed electrical. I think the 996 C2 makes an almost perfect road car - wonderful steering, instant throttle response, superb brakes once you get used to the hard pedal and just the right amount of usable performance. I now have a 997 C4S which is fabulous but if anything it has too much performance for road use and it is all too easy to see some pretty high numbers on the speedo. It is also blooming wide - looks fantastic but not ideal for hustling down country lanes.

Enjoy your 996 and don't have sleepless nights about IMS failure! Oh, and don't worry about it randomly catching fire either - I am assured it is not common []

 

[JagdHamster]

Hi Blade,
I'm with you (and Paul); it's started already and it's a significant reason why I've changed types.
Cheers,

Russ

ORIGINAL: blade7

ORIGINAL: JagdHamster



Firstly, I think the 944 (Turbo especially) market has done really well, so you have to sell to "take profits".


Russ

If the 944 Turbo goes the way of the 968 CS I'm off, not because I can "take profits" but because all the speculator BS will get stuck on the car like sh*t to a blanket.

 

[OLD_ian]

It does look like a nice 996 and that's what i'm currently wondering about - well that or a Cayman.

With 996s I think the risk of the engine going pop is already priced in as they seem amazing value. The only factual source of statistics I've found is from the US class action lawsuit. It looks like the early cars have around a 1% chance, the later cars more like 7-8% failure rate. Asking people like Hartech what the failure rate is won't produce an accurate reflection of the true state of things due to confirmation bias. They obviously have immense expertise and are the people to see after your engine goes pop, but they'll see many more engines that have gone pop for that very reason.

anyway, lovely car!

ORIGINAL: JagdHamster

Thanks for your comments , Steve.

I don't worry at all; the car was such a bargain that I have a cash reserve in the bank should the unthinkable happen (they reckon only 5% do anyway), so no stress at all. Also, this one's been run on Millers Nanodrive oil most of its life and superbly maintained, so the chances have to be very slim.

I agree it's the close to the perfect road car;I used to have a 996 Turbo and it was big bruiser of a thing in comparison. This one steers and rides so well it reminds me of a Lotus Exige I once drove (with a much better engine), so that's a good sign.

Cheers,

Russ

ORIGINAL: steve 944t

That's a lovely looking 996 and perfect spec. My 996 came to a rather tragic end after spontaneously combusting on the drive [], cause unknown but presumed electrical. I think the 996 C2 makes an almost perfect road car - wonderful steering, instant throttle response, superb brakes once you get used to the hard pedal and just the right amount of usable performance. I now have a 997 C4S which is fabulous but if anything it has too much performance for road use and it is all too easy to see some pretty high numbers on the speedo. It is also blooming wide - looks fantastic but not ideal for hustling down country lanes.

Enjoy your 996 and don't have sleepless nights about IMS failure! Oh, and don't worry about it randomly catching fire either - I am assured it is not common []