911 (996) Porsche 996TT now less expensive than 993 TT

[donau]

I did some looking around at eBay Motors and came up with these 5 MY 2001 996TTs that were all less expensive than the least expensive 993TT that I saw (MY1997 $64,800). The prices quoted are the Buy it Now price:

2001 $59,900: http://cgi.ebay.com/ebaymotors/2001-911-TURBO-AWD-XENON-SUNROOF-CD-CHANGER-2-2_W0QQitemZ330045098119QQihZ014QQcategoryZ10156QQrdZ1QQcmdZViewItem

2001 $60,888:http://cgi.ebay.com/ebaymotors/2001-Porsche-911-Turbo-Seal-Grey-Black-LOADED-RARE_W0QQitemZ150053151321QQihZ005QQcategoryZ10156QQrdZ1QQcmdZViewItem

2001 $58,800: http://cgi.ebay.com/ebaymotors/2001-PORSCHE-911-TURBO-6-SPD-39K-NICEST-1-N-THE-COUNTRY_W0QQitemZ110049231571QQihZ001QQcategoryZ10156QQrdZ1QQcmdZViewItem

2001 $53,995: http://cgi.ebay.com/ebaymotors/2001-PORSCHE-911-TURBO-AWD-51K-BUY-IT-NOW-53-995_W0QQitemZ220042592505QQihZ012QQcategoryZ10156QQrdZ1QQcmdZViewItem

2001 $55,995: http://cgi.ebay.com/ebaymotors/2001-911-Turbo-ONLY-55-995-Must-See-This-One_W0QQitemZ260047378592QQihZ016QQcategoryZ10156QQrdZ1QQcmdZViewItem

Anyone interested in getting a modern turbocharged Porsche, now might be a good time to check out the market.

And if you own a 993TT, hold on to it!

 

[Bruce]

Interesting information Olli. I remember reading through my various "GT Purely" magazines and it appeared the 993 Turbo and 996 Turbo held near equal value in Britian. Even though the 996 is cheaper then the 993, i'd have to buy the 993 Turbo.

 

[donau]

Interesting information Olli. I remember reading through my various "GT Purely" magazines and it appeared the 993 Turbo and 996 Turbo held near equal value in Britian. Even though the 996 is cheaper the 993, i'd have to buy the 993 Turbo.

I agree, you can't go wrong with the 993TT. It's a classic.

 

[Centurion]

I agree, you can't go wrong with the 993TT. It's a classic.

Yet the 993TT is a classic and is actually the last moderately exotic 911. As with many high performing cars the 911TT does depretiate alot especially 2-3 years after the demand has been met. The GT2 is also taking some bad depretiation beating right now. Then again the cars you have posted are 5 years old which does account quite alot for the "low" price. Are you planing on pulling the trigger on a 996 TT?

 

[drronh]

Supply and demand- over 22,000 996TT were built. If I remember right only about 5000 993TT built, most of them 1996's. Only 7-800 1997 993TT were sold in the USA. Look for the same thing on the 997TT. And don't forget 996TT is also now in the price range of 964 turbo 3.6.

 

[Bruce]

If I remember right only about 5000 993TT built..

Just about right The total number of 993 Turbo's built is 6510.

 

[donau]

Yet the 993TT is a classic and is actually the last moderately exotic 911. As with many high performing cars the 911TT does depretiate alot especially 2-3 years after the demand has been met. The GT2 is also taking some bad depretiation beating right now. Then again the cars you have posted are 5 years old which does account quite alot for the "low" price. Are you planing on pulling the trigger on a 996 TT?

Thanks Luwalira! I have also noticed the price level of the GT2s. They seem to be about the same as the 993 (Twin) Turbo S - cars. You are right about the age of these 996s. The later models are still more expensive. But the trend is still quite clear. The 993TT will end up being the more valuable car, despite the fact that the 996 is a "better" car from a technological point of view.

No, I am not quite ready to pull the trigger on either of those two cars. I will get a second Porsche within the next couple of years though to keep company to my 930. Still deciding which one to get. 993TT the top contender, but it could be anything from a 356 to a 997.

 

[donau]

.... And don't forget 996TT is also now in the price range of 964 turbo 3.6.

Exactly, this is the car that will definitely also keep it's value, or it will go upwards due to its' rarity, and the fact that it's the best original style Porsche Turbo there is. Positively another keeper.

 

[donau]

.... I have also noticed the price level of the GT2s. They seem to be about the same as the 993 (Twin) Turbo S - cars. .....

Correction: A Rennlister just put up his Arena Red 1997 993TTS for sale for $140,000. I've seen GT2's at a lot lower than that.

 

[Centurion]

Just about right The total number of 993 Turbo's built is 6510.

Thanks for a very accurate number. I never knew that the 993TT was produced in such a "small" quantity. That problably explains why I barely ever seen one on the roads, unlike the 996TT which isn't a rare sight.

 

[Bruce]

Thanks for a very accurate number. I never knew that the 993TT was produced in such a "small" quantity. That problably explains why I barely ever seen one on the roads, unlike the 996TT which isn't a rare sight.

Yeah the 993 had very small production numbers and it looks even fewer in my mind when over 10,000 Ferrari 360 Modena's were produced.

 

[drronh]

Correction: A Rennlister just put up his Arena Red 1997 993TTS for sale for $140,000. I've seen GT2's at a lot lower than that.

Richard Sloan usually has about 5 993TTS for sale on his site averaging about $165-170K, up to $225K for Jerry Seinfeld's car. FYI the 2003-2004 GT2 will hold it's value better because it had some improvements (power, CF wing, etc) and only #17 2004 GT2 were sold in USA.

 

[donau]

Richard Sloan usually has about 5 993TTS for sale on his site averaging about $165-170K, up to $225K for Jerry Seinfeld's car. FYI the 2003-2004 GT2 will hold it's value better because it had some improvements (power, CF wing, etc) and only #17 2004 GT2 were sold in USA.

Those prices make the $140,000 look like a bargain. Thanks for the production number for the 2003-2004 GT2 cars. That's nice information as the books that I have don't have those numbers. The Peter Morgan book only goes up to 1998 and the Marc Bongers book has most numbers until 2005, but not all. For example the GT2 and GT3 numbers for MY2003-2005 are missing. In fact the little Porsche 911 Red Book maybe the best for stats but even that did not have those numbers. I guess the next, updated editions will include that data too. The #17 GT2s sold in the USA will definitely make it hold it's value.