jeffnudd

Will it lose money like a 996 does?

Ive been looking for ages for the correct 997 and Ive come to the conclusion that it has to be a Carrera S as the 993 S seem to hold their money and I'm kind of hoping the 997 S will do the same.

I currently have 2 old 911's a 964 (1990) and a (1972) T, both in lovely condition and i am selling both and getting just one. I have had several conversations with people and they seem to think i should stick to a 993 simply to hold value but i really like a 997 but i dont want to lose money hand over fist.

I would really appreciate some feedback on this issue.

I have seen a couple of 997's in the flesh and love the look, but for some reason something is telling me to stay away from them and im not too sure why?

Targa Tim

I never advise people to buy a Porsche to hold value, but 993 in any variants will hold value better than a 997 Carrera S in the long run.
Having said that, 997C2S will perform better than the 993 in every way, and it is more comfortable and roomy to drive.
It is your personal decision whether to buy a car to hold value, or to get better performance.

Edgy01

My prediction is that the 997 will lose some money but in the end what you're looking for is a fun car to drive, and not an investment. Property is usually the only stuff that will pay you back in spades. I do better with real estate than investing in a Ferrari.

CORSASCHNELL

They call the 997 the most successful Porsche 911 model because they have sold more 997 than any other variation, thus they will probably not hold values that well.

The last of the air-cooled 911's seem to be in high demand and hold value best.

Cars are depreciating assets and lose value unless you get a limited production car with unique features.

PTParks

I would not worry about any loss in value. The car is so enjoyable to drive that any perceived loss in value is made up by the return the car gives you. Trust me, I was changing cars like most people change their underwear until I bought my '09 Carrera S. It's a keeper (yes, I still change my underwear). There are only a few cars, usually the ultra-exotics, that command an as-new price irregardless (think Carerra GT or the 959). You'll be too busy driving and smiling to care about future value.

hot nikon

There were some graphs up that showed the depreciation curves for diff 911 models, the GT3 had the most shallow of the curves.

Unless you are buying a 356 or a GT3RS or something, you will lose money.

Ask the 997TT guys how much they lost in the 1st year. The 2nd?

Make your money elsewhere, use it to afford your Porsche "habit".

An 09 997/2 S that sold for $90k when new, can be had for less than $60k today.

The TT boys loose a LOT more.

Stay away from a highly optioned car, or maybe I should say, don't pay a lot more for a highly optioned car.

Good Luck.

am722

Any chance you might just keep the two you have? Because I'd much rather have a '72 and a 964 than one of these late-model overengineered GT cruisers.

And I drive one.

jeffnudd

Thanks for the replies guys, some interesting comments.

The 964 is a fun car to drive but simply not roomy enough for my self, the wife and a 1 year old, as for my 72 it is very agricultural to drive and no seat belts in the back, but in the time i have had them i have not lost any money.
Infact i have made a bit of money on top.

The engine problems worry me too on the 997's, is there a fix for the problem? as i own my own garage anyway i could avoid replacing a costly engine.

luisimo

Also keep in mind that maintenance is going to be WAY more that you are currently are paying. Just tires alone is south of 2,000.00 yearly service is about 1,000.00 (Replacing all fluids and filters). That does not include unexpected events. I have MANY coworkers that eventually sell their 'new to me' 911s because of the higher than usual cost of ownership.

911Dave

If you buy a brand new 997, you are going to LOSE YOUR ***.

In March 2007 I bought a brand new Carrera S for $100K. Two years later I sold it (with 7,000 miles) for $55k. That's all they were worth.

My 993 C4S has increased in value in the one year I've owned it. It is now sold to a new owner who will no doubt enjoy a further increase in value.

My advice is buy one that is 2-3 years old already. Do NOT buy a new Porsche unless you don't care about depreciation.

pissedpuppy

throw down some stock tips while peering into the future!!!

911Dave

Stock tips hell, give me next week's powerball number.

SteveFromMN

In 1963 I bought a new Corvette convert $3933. Drove it everyday winter and summer for 15 years 150k miles. Sold it for $6000. In 1999 I bought a 996 Cab drove it everyday summers only for 12 years 50k miles. Traded it in got $20k. But I enjoyed both cars everyday I drove them. Buy the car because you want to drive it and enjoy it everyday and forget about cost. If you want to collect and just look at them buy models a lot cheaper and they take up less space! I have models of all my old cars.

JW911

If you buy the earliest 997 you won't lose too much. The 05s are nearing the bottom of the depreciation curve. Not all the way there, but getting close. You can get a nice car for less than $40K. Keep it in good shape and it will probably always be worth mid 20's at the bottom. If depreciation is your concern, don't buy a later year. 07 and 08 are virtually identical to the 05 but you will pay a whole lot more for a car that looks and drives exactly the same. The 09s have a better engine but the price really jumps. I wouldn't worry about the maintenance, especially if you do it yourself. Oil changes and filters and spark plugs have cost me less than $600 in 5 years and 50K miles.

beden1

You bought your 2007 at the peak of the market and sold it shortly after our economy hit bottom. The resale value of all cars hit their lowest levels ever since the Great Depression during that period in 2010. Sales of Porsche 911s (and Corvettes) fell off a cliff. Your example is (hopefully) a one-off occurrence.

Here's a link to show the Porsche 911 US sales figures by year from 2002 through 2012 to date. Total sales in 2007 were 12,497 versus total 2010 sales of 5,737, or minus 57%.
http://www.goodcarbadcar.net/2011/01...s-figures.html

I believe that if demand for sports cars picks up again in the years to come, the late model year 997s will hold their values well because there will be a short supply of quality used cars.