Value

[TJW964]

Hi All

A guy at work is thinking of selling his 996 Turbo. It is immaculate and has only done 9,500 miles since new. It was his Dad's car and was a present to him. It has done 6,000 miles in the last 18 months. RHD, Blue, all usual other features.

What do you think it is worth? 35? 40? 45? 50? other?

Might be able to get some pics, but only if it is a dry day. LOL.

 

[Rodney Naghar]

What model year is it?

 

[TJW964]

Ah, technical questions. Will find out. Think it about 6 years old.

 

[Rodney Naghar]

I'd say ask low 40's to achieve high £30's.

Autobahn (read not cheap) are currently selling a 15k 02 turbo, asking £39,995.
A private seller is asking £43k for an '01 with 15k (but I think he's a dreamer)
Berkshire High Performance are asking £43k for an '01 with 5k on the clock.
Another private seller is asking £45k for his 19k '03.

That's over £5 a mile depreciation...ouch!

 

[Dylan1]

in answer to your question,imo it may be worth 40-45k but expect nearer 35k in current climate

 

[jason]

Yeah 996 turbos are the supercar bargain of the century at the minute.

30k for highish miler

35k+ for low miler

Bargain....and still none of them are selling....heading into recession?....we've been in it about 8 months!!!!![]

 

[sniper]

There are 02 plate 996TT on the UK porsche dealer website for £45K plus with around 30k-45K miles.

A 2002 with ultra low miles - I would expect at least £45k private - what a porsche dealer will offer you well thats another story - I would approach the independent's for a fairer deal.

 

[Dylan1]

02 plate 996TT on the UK porsche dealer website for £45K plus with around 30k-45K miles.

we know thats at least £10k more than they will give you-!!!!

 

[whoisit]

then don't take it.......

it's the owners that cause the depreciation,. stop selling cheap & values will hold up, pretty simple really.

 

[jason]

But the owners have to sell...that's why they are going down....these are everyday supercars and used as such...not like the aircooled models that sit in enthusiasts garages and are pampered to death...(except maybe this one as its hardly been used!).

You have your choice of 00, 01 and 02 996TT's and don't think you'd pay more than 37-38k for the best now....grab them while they are hot! How much lower can they go? Surely they won't hit mid twenty's? surely....

 

[whoisit]

I havn't seen any "great" 02 cars for £38k..........

and why do the owners "have" to sell? it's not bloomim' Wall street in 1929!

you're worse than the Daily Mail []

Most owners are just bored & fancy a change, therefore if you do sell cheap then you buy cheap. Guess what, the cost to change is actually less than it was, and if that's true why isn't the market jumping?

 

[Dylan1]

because in the real world in which most of us live[]there is less available money so less people able to buy "luxury"items like porsche!!

 

[turbo jonny]

I believe the UK economy will get worse for the next 1-2 years, and most cars will
continue to depreciate hard as the next rounds of the credit crunch hit home.The UK has more
personal debt ( 1.4 trillion £) than the rest of Europe put together! Add that to rising fuel and
taxes....

 

[whoisit]

ORIGINAL: dyllan

because in the real world in which most of us live[]there is less available money so less people able to buy "luxury"items like porsche!!

so less buyers I agree but, if those buyers want a car then 5k here or there in "our" market ain't a big deal is it, I mean that's one big service, new brakes & tyres & a warranty renewal. If sellers held firm prices would hold & people would still buy. In fact they would buy because prices were firm.

I guess I am advocating a cartel [] !

 

[Dylan1]

there are far better qualified people than me to comment on the economics -all I know is that generally less money means less spending on anything but essentials-and whilst we may be more protected than most due to our perhaps stronger financial position we are not immune .not as bad as 1929(when my american great uncle lost everything)but it hasnt bottomed out yet either (so i am led to believe)[]

 

[jason]

ORIGINAL: whoisit

I havn't seen any "great" 02 cars for £38k..........

and why do the owners "have" to sell? it's not bloomim' Wall street in 1929!

you're worse than the Daily Mail []

Most owners are just bored & fancy a change, therefore if you do sell cheap then you buy cheap. Guess what, the cost to change is actually less than it was, and if that's true why isn't the market jumping?

I think was answered by......

ORIGINAL: dyllan

because in the real world in which most of us live[]there is less available money so less people able to buy "luxury"items like porsche!!

Supply and demand and way less demand of luxury items right now....

 

[tallmat]

ORIGINAL: dyllan

there are far better qualified people than me to comment on the economics

You don't need to be an expert to understand the basic economics here: supply and demand.

Though it pains many on this forum , the fact is that Porsche is now - effectively - a mass produced car. Annual sales exceeding 100,000 is no longer exclusive..

And many are bought on credit or as company cars, and when the tide turns, these come to market at a time when demand is weakened. So prices react accordingly. Have pity on Cayenne owners - there's a 2004 'S' Autotrader today, 60,000 miles, looks in good condition. £12,000. Less than a quarter of it's original cost.

The idea a few individuals hold out to preserve prices may work for older models which are rare and there's no new supply to satisfy demand. But anything post 996 / Boxster / Cayenne - well there's just too many of them. Even Ferrari and Lambo values are sliding.

But, being positive, Porsche will always be a prestigous brand and more importantly their cars are brilliant. So it's a great time to buy!

 

[turbo jonny]

Totally agree with the above, but would add that if you can wait to buy in the looming winter of discontent
they will be even cheaper !

 

[Dylan1]

You don't need to be an expert to understand the basic economics here

i was just being modest-i actually have a phd in macroeconomics



only joking-thats my son[]

 

[whoisit]

good for you! I wasn't trying to seem naive. There is a lot of talk about prices & values & depreciation and all that razzamatazz. All I want to do is install the view that the fact that a car has chunked 5k in value is neither here nor there in the scheme of things. At Porsche price points 5k is reletively negligable. But, when we see a certain models value reduce by that amount it tends to provoke somewhat of a shock reaction. It's the "desperation " to sell that causes the lower price, what I am asking is why are we desperate? I can understand a dole chequing fiesta owner being desperate to make the next rent payment. I don't see the same desperation in the 60k Porsche owning fraternity. So, my conclusion is that any "desperation" in this market is more "boredom", and that if these owners were less suseptable to taking the proverbial bath on trade in or resale then the whole market would benefit. Maybe my point is too subtle to worry about............