997 Values (997.1/997.2). 2021

[v6matt]

Has anyone else noticed that recently 997 values have gotten quite strong vs where they were say 2 years ago.

I was surprised to see early 997.2 Carrera 2's with 45k on the clock for £38k (I may be falsely remembering these at about £34/35k) and 997.1 2008 Carrera 4's with 60k on the clock list at £32k. (These were anywhere between £29-30k)

Prices seem all over the place though, as the spread on the same kind of cars can show over £4k difference.

e.g. This 997.2 https://www.pistonheads.com/buy/listing/10442400 was £36k which felt about right but you would now struggle to find a replacement at that value vs this one which seems ambitious ? https://www.pistonheads.com/buy/listing/10769539

Is this just dealers trying their luck? Or do go for this sort of money day in / day out now?

 

[T8]

It's not so much the last two years but the last two months.

Decent 996s and 997s (and Gen1 991s for that matter) have become scarce in the current Covid climate resulting in asking prices rising. Obviously it's difficult to know whether these prices are actually being achieved but the best ones are certainly selling fast.

It seems that a lot of people are looking to treat themselves by buying things that in previous times they might have resisted and, as we all know, an 'entry level' 911s is a great way to have fun.

The 'spread' that you refer to has always been there as mileage, spec and - to a lesser extent age - cause variances but the lines do seem to be getting blurred of late.

Similarly private sellers and 'ordinary' traders seem to be thinking that their cars are worth the same as those being offered by Porsche Specialists and are pushing their luck a bit. This may be a worthwhile policy as some buyers may get desperate if there's a supply shortage.

 

[Luddite]

I am NO economist.

I think there is bound to be a Covid effect on the market for much, Porsche included. My good lady`s 5 year old Evoque ins renewal has come in recently with it being valued £800 upwards by the ins Co on last years value. As for buying from a private seller who thinks his car should be priced similar to the trade, then I suspect the value of guarantee and whatever legal protections buying from trade may not be worthy of consideration..? For sure I can see a little to no value in such matters when buying from Honest John of Comedy Cars, but I suspect there is potential for real peace of mind if buying from a well respected specialist trader providing other than a poorly regarded Insurance policy backed guarantee...? I suspect you pays your money you takes your choice.... ?

As for the possible effect of Covid, and Climate change as they create the new normal in time and on real world economic situation, perhaps best to keep the blinkers in place and enjoy what you can while you can..? But then I admit to ever being the negative thinker on money matters... :?:

 

[ChrisS80]

It's not so much the last two years but the last two months.

Decent 996s and 997s (and Gen1 991s for that matter) have become scarce in the current Covid climate resulting in asking prices rising. Obviously it's difficult to know whether these prices are actually being achieved but the best ones are certainly selling fast.

It seems that a lot of people are looking to treat themselves by buying things that in previous times they might have resisted and, as we all know, an 'entry level' 911s is a great way to have fun.

The 'spread' that you refer to has always been there as mileage, spec and - to a lesser extent age - cause variances but the lines do seem to be getting blurred of late.

Similarly private sellers and 'ordinary' traders seem to be thinking that their cars are worth the same as those being offered by Porsche Specialists and are pushing their luck a bit. This may be a worthwhile policy as some buyers may get desperate if there's a supply shortage.

T8 has just about summarised my experience having been seriously looking since the start of Feb, and keeping a careful eye out prior to that.
Who knows what will happen post lockdown but as Luddite says you pays your money, you take your chance... only time will tell if it was a good, or not so good decision

 

[v6matt]

Thanks everyone,

I am thinking about selling my car and was wondering what the market was like and how realistic the pricing that I have seen is given the spread is so wide.

The message I think is, probably pushing my luck to go to dealer specialist levels depending on the spec/condition.

If a car was £30k privately, what would you expect to pay at a specialist porsche garage vs a non specialist?

 

[Luddite]

I guess the spread on condition of 997`s can be "so wide" also, and in a private sale where the difference between an enthusiast cared for and maintained 997 with all the usual issues attended to, and one just run and run but perhaps with perfect paintwork and interior, can be night and day... the latter could be a money pit in waiting..? Buying old cars is a risky business, but folk seem happy to do it on a click & collect basis these days so you never know, the market might become hot as England breaks free of lockdown... Good luck with your intended sale. :thumb:

 

[ChrisS80]

In a recent conversation with a well known and well respected specialist regarding a private sale they said the equivalent of (adjusted for your example):
If they had been offered it by the seller they would have been looking to pay 27k and would have done their checks, prepared for sale and listed it at between 32 and 34k depending on condition.
I would say these guys price a lot more realistically then some of the others where presumably the margins are higher.
What are you selling as may well be interested at around the 30k mark, feel free to pm me if you like?

 

[System]

997s will soon be priceless. Especially the black ones :wink:

 

[6times7]

Only if they have the sun roof delete though! Obviously.

 

[System]

Sunroofs are obligatory for the full wind in your hair, rattle in your ear, and water in your footwells experience!

 

[tom_nieto]

Sunroofs are obligatory for the full wind in your hair, rattle in your ear, and water in your footwells experience!

If you want to minimise weight high up in the car (i.e. the sunroof delete argument) why not get rid of the roof entirely?? Porsche lowered the centre of gravity in my car by fitting a convertible roof mechanism.

 

[tyinsky]

Very interesting reading in this report. Looks like the 997 is the new 964!

 

[buttertubs]

997 prices will rocket next year, just after I sell mine.

E46 M3 prices jumped about 12 months after i sold mine
:floor:

 

[glenwells]

will hold off then!!

997 prices will rocket next year, just after I sell mine.

E46 M3 prices jumped about 12 months after i sold mine
:floor:

to Buttertubs - will take your advice It is normally me that has the 'buy high sell low' luck!!

Its all about supply and demand trends and what else is going on.

Did note in the last year there have been some very favourable reviews on the 997 997.2 cars. Seems to be the they have a status, to some people, of being a more raw 911 in steering size handling etc. Whilst the 991 and 992 are in their own right superb cars they have grown and evolved.

Joking aside hoping to hold onto mine for a long time to come.

Regards
Glen

 

[T8]

Very interesting reading in this report. Looks like the 997 is the new 964!

:grin: