Quote:
Originally posted by JP911
Dropping 996 prices have had little effect on 993 prices.
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I disagree. Only a few short years ago, it was tough to find a 993 under $40K. Now they are very commonly found in the $25K range. The 996 cars are dropping in price - 1999 models can be had for under $30K just about anywhere (I'm looking for one right now, so I know first hand). These are still good, low-mileage cars (50K) that are not basket cases either. The market is just going very soft for them right now because they made a whole lot of them. Same thing with the 996 Turbo - you can pick up a 2001 996 Turbo for $65K (yes, guaranteed, I looked at one a few weeks ago at this price - one sold for $70K at the German AutoFest two days ago). Yet, there are people who think their 1989 Turbo is worth $50K - just doesn't make much sense.
Early cars (pre-1973) will hold their values for now, assuming that the real estate crash doesn't affect them too much. 1974-1998 should be prepared for a tumble as the 996 prices push down the prices of the earlier cars - the 993 will not be exempt. Of course 1987-89 and 1995-98 will hold their value better than other models, but they will still face downward pressure.
I think a big price correction in the entire market is coming as the 996s come up for sale, and the real estate market adjusts, *and* the adjustable ARM loans start to adjust upwards...
But, a 911 has never been a good financial investment from day one...
-Wayne