993 sales seem to have dramatically slowed
08-01-2017, 05:17 PM
#121
Three Wheelin'
All the "mods" are to me a sunk cost, they shouldn't be factored in the price as they depend on the taste of the person. It's part of the experience of owning a car, if you are into modifying.
Now, if the car has blown shocks, engine leaking like a fountain, ripped seats that this is not really "modifying".
As for the future, Elon Musk put it well:
“I think that all cars will go fully autonomous in long-term. I think it will be quite unusual to see cars that don’t have full autonomy,” Musk said. “Any cars that are being made that don’t have full autonomy will have negative value. It will be like owning a horse. You will only be owning it for sentimental reasons,”
I also see a bright future for race tracks
Now, if the car has blown shocks, engine leaking like a fountain, ripped seats that this is not really "modifying".
As for the future, Elon Musk put it well:
“I think that all cars will go fully autonomous in long-term. I think it will be quite unusual to see cars that don’t have full autonomy,” Musk said. “Any cars that are being made that don’t have full autonomy will have negative value. It will be like owning a horse. You will only be owning it for sentimental reasons,”
I also see a bright future for race tracks
08-01-2017, 07:05 PM
#123
Rennlist Member
Thread Starter
I'm in the market for another 993 S, 4S or Turbo. Glacier white only, high end driver or garage queen.
When the market is falling or soft like it is now, there isn't an urgency to buy. There aren't multiple buyers for same car, cars sit longer, you don't have to settle for less than what you're looking for. Many sellers who bought recently, and got in too high are in panic mode trying to sell for inflated prices to recoup $$ they couldn't afford it in the first place.
I've owned many of these, now spend my time buying horses. I look forward to buying a 993 again whenever the dust settles.
When the market is falling or soft like it is now, there isn't an urgency to buy. There aren't multiple buyers for same car, cars sit longer, you don't have to settle for less than what you're looking for. Many sellers who bought recently, and got in too high are in panic mode trying to sell for inflated prices to recoup $$ they couldn't afford it in the first place.
I've owned many of these, now spend my time buying horses. I look forward to buying a 993 again whenever the dust settles.
08-01-2017, 07:08 PM
#124
Rennlist Member
Quite a few years back when a good 993 turbo was selling for $75k-$85k I saw one of my track friends buy one for the bargin price of $60k. It was a bit higher miles than most others so he rationalized the savings away. When the car arrived it was a rusty mess with leaky turbos and all. He said the seller offered him some spare wheels and snow tires. That was the first red flag. I on the other hand paid $75k for a mint arena red one with GT2 turbos. Who got the better deal?
I tend to think the more expensive car is the cheaper one in the long haul. Nice soft leather, clean OEM paint and rust free bodies are worth the 10-20% premium in my eyes. When the time comes to part ways I find buyers with similar values who appreachiate finding a clean example.
08-01-2017, 08:49 PM
#126
Instructor
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I have an oddball C2S with 226k miles on the clock. Rebuilt original engine, purchased from a big name on this forum. I have the itch to get into a 997.2 manual car and daily drive it into the ground. No idea what a car like mine would command, but I'd be ok with selling in the $50k range. Will I get it? Who knows. I'm sure I'll be a statistic pretty soon here.
08-03-2017, 02:17 PM
#127
Rennlist Member
Original topic
I don't think sales have dramatically slowed. If anything I'd say sales have picked up a bit. If you look at the top 5 threads in the 993 forum. 3 of them are about new 993 purchases by enthusiast. Prices may have settled down and it seems like enthusiast here are snatching them up. Thats a great thing!
08-03-2017, 11:34 PM
#128
I don't think sales have dramatically slowed. If anything I'd say sales have picked up a bit. If you look at the top 5 threads in the 993 forum. 3 of them are about new 993 purchases by enthusiast. Prices may have settled down and it seems like enthusiast here are snatching them up. Thats a great thing!
08-04-2017, 04:19 PM
#129
Rennlist Member
Again... the good, original, low mile & well maintained cars will always command a premium.
08-04-2017, 10:32 PM
#130
Rennlist Member
I'l be selling soon and here is what....
I will lead with:
1. Clean CarFax
2. Reams of receipts going back to 2000
3. Good leak down #'s all 5% or less, compression good too,
257 HP to the rear wheels,
4. Re-geared, 3rd - 6th,
5. Tasteful mods on the car
6. 87,XXX miles, not a garage Queen
7. Everything works
8. New tires, refinished wheels
9. Turn Key DE car if one is so inclined.
10. Grand Prix White (Porsche Racing Color I have heard)
11. Emissions compliant,
12. Price? Reasonable..to be determined.
Only selling because I was seduced by a white GT3, and I have not the space for 2 cars.
1. Clean CarFax
2. Reams of receipts going back to 2000
3. Good leak down #'s all 5% or less, compression good too,
257 HP to the rear wheels,
4. Re-geared, 3rd - 6th,
5. Tasteful mods on the car
6. 87,XXX miles, not a garage Queen
7. Everything works
8. New tires, refinished wheels
9. Turn Key DE car if one is so inclined.
10. Grand Prix White (Porsche Racing Color I have heard)
11. Emissions compliant,
12. Price? Reasonable..to be determined.
Only selling because I was seduced by a white GT3, and I have not the space for 2 cars.
08-04-2017, 10:53 PM
#131
Instructor
Join Date: Jan 2004
Location: Jamison, PA
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The problem with the $40ish priced cars is whether you are buying a well kept corrosion free no stories car or something that has been neglected and becomes a $50ish car really quickly. I did not look at a ton of 993s, but the "deals" I did look at were not really deals because they had issues. Also, that the market prices coupes over cabs inured to my benefit when I was looking, but worked against me because I really wanted a cab and there were a lot fewer of them around. The only sacrifice I made was I got a C4 rather than a C2 (I was looking for a C2 and, in fact, it was the only C4 I looked at), but now that I have it, I am actually happier I got the C4. Without the nannies of the newer cars, the AWD should make it safer especially if it ever gets caught in rain. By no means to I think I got a great price or anything like that, but I got a great car at a fair price which IMHO is much better than a great deal on a not so great car.
It is funny to me that the extra cost of a cab and C4 actually made the car cost less used.
It is funny to me that the extra cost of a cab and C4 actually made the car cost less used.
John
08-05-2017, 12:41 PM
#132
Addicted Specialist
Rennlist Member
Rennlist Member
A bit OT here, but if one is so inclined, a Tiptronic/C4 is likely the best way "into" one of these cars (or a Tip + Cab!) if one is looking for a relative bargain. Crud, if I had the means, I'd get a Cab w/Tip (or with AWD if that's what popped up) myself as a DD. What's not to love?
Edward
Edward
08-05-2017, 01:02 PM
#133
Rennlist Member
Edward knows these things, a wise man. Get a "Tip" cheap...it includes a tranny oil cooler....then slowly but surely shop for a G50 6 Speed. Rebuild it/ Re-gear it? Have the case tapped for a tranny oil cooler, drop in the G50 6 speed, and you are on your way.
08-08-2017, 02:57 PM
#134
Addict
Rennlist Member
Rennlist Member
I sold my 95 Cab 6 speed a year ago due to personal reasons, I really didn't want to sell it. It was really clean with 60K ish miles. I sold it within 3 weeks, with strong interest from multiple parties. The guy that I sold it to now wants to sell it. He's had for sale for 3 months with no luck. I could probably buy it for 10% less then what I sold it for, but I'm not sure if I want to get back into a 993.
The market is definitely softer than it was a year ago.
The market is definitely softer than it was a year ago.
Last edited by agent325; 08-09-2017 at 08:00 PM.
08-08-2017, 03:53 PM
#135
Rennlist Member
Thread Starter
If you can buy it for 10% of what you sold it for you'd be an idiot NOT to buy it back. I have a feeling you meant 90% of what you sold it for or 10 % LESS than you sold it for. That would be a harder decision. Sorry - but if I didn't say it, someone else would have.