Porsche 911 997 Prices are Exploding | Carrera Depreciation and Buying Guide
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- čas přidán 6. 08. 2024
- Buying a Porsche 911 997? Then this is the video to watch. In this depreciation and buying guide of the Porsche 911 997 Carrera, I will show you how much the values changed in the last year and how much the car depreciates per 1000 miles. Moreover, I will show you how these numbers differ for the Carrera S, Base, and GTS
You can contact me at fourwheeltrader@gmail.com if you would like a personalized analysis.
The Porsche Carrera 911 997 is often quoted as the last mechanically 911 thanks to its mechanical steering. Especially the 997.2 seems to be desired as it comes with a revised engine and PDK transmission. Given the above, and the current trend in use car prices, it is no surprise that 911 prices increased. But are there any differences between the models? Did the Carrera S, for example, increase more than the base model? That and more is what you will find out in this video.
We start with a high level overview of the market so that we know how the market looks. After that, I will show you how much the Carrera s, base, and gts went up in value last year. As it turns out, the values increases are extremely similar. However, is there a certain market segment which is driving this increase? Are the low mileage cars responsible for the increase, the manuals, or perhaps the 997.2? The remained of the video shows that there are indeed some differences between the market segments but that these are relatively small; All markets increased.
Moreover, the price increase in the Carrera 997 market is the larger I have seen on the channel. In the last part of the video I will show you that the price increase is a multiple of the increases in some other car markets.
Content:
0:00 The last mechanical 911
01:11 Porsche 911 997 Market & Price changes
05:02 Base model
09:52 Carrera S
12:10 Carrera 4S
13:26 911 values vs other cars
14:16 Conclusion
Disclaimer: The Content is for educational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this video constitutes a solicitation, recommendation, or endorsement to buy or sell any cars. The information published has been obtained from or is based on sources which are believed to be accurate and complete. Although reasonable care has been taken, the completeness and the accuracy of any information published cannot be guaranteed. Any opinions may be wrong and may change at any time. You should always carry out your own independent verification of facts and data before making any purchase decision - Auta a dopravní prostředky
*Which car would you like to see analysed next?*
BMW Z4 M. Or Z4 3.0 si
Also thank you for this video. Glad it’s validated by you, just snagged one up recently!
E92 BMW 335is
Audi B8 and B9 RS5
@@riduculous Awesome, congrats with your new car.
Great analysis as always. Please include the 997.2 Targa (4S and S) versions in one of your next videos as well. It’s an interesting market segment and it wasn’t part of any of your 997 videos so far (as far as I know). Similarly to the GTS , you won’t find many cars for the analysis, however, it’d be good to see the high level change/trend at least. Also, focusing more on the PDK versions would make sense in these videos, as it was one of the main differentiation points of the .2 generation, as you mentioned it too (recognizing of course the overall popularity of the manual transmission, even beyond this generation). Thank you.
I bought a 997.1 last year and have watched the prices skyrocket! I'm lucky to have found my Speed Yellow dream 911 then instead of now.
997s are reaching classic status - the engine (yes even the .1s) have proven to be pretty reliable and all the weak areas are known and have fixes available. 997s are the new 993s. Last of the “small” form factor 911, last hydraulic steering, last of the mezger (turbo and GT), last to come with 6 speed manuals (unless you get a 991.2 GT car… the 7speed wasn’t as loved by people and for good reason - it just wasn’t as good). Mechanically the 996 and 997s are very similar so the 997.2 really was the end of the line for a car that was basically intruded in the late 90s
I think this comment absolutely nails it man. When I picked 07 up in 2015, it was following a failed attempt to get a less expensive 993. I ended up driving the 991.1 and felt like the my car was a superior driver even if the stats were in the favor of the newer car. My 07 taught me so much on handling dynamics and balance versus brute power. But I was one of the few people requiring a new engine after my 3.8 ate itself with an IMS failure. Luckily I had a warranty, lol. Aside from that, they are truly remarkable cars.
@@brandonchism6960 same here, I bought my 997.1 after giving up on buying a 993. I’ve driven every 911 generation (I work for an independent Porsche dealer), and the 997 feels closer to the prior generations than the 991 and 992. It feels so small and mechanical in comparison. It really was the end of an era. I knew they would only appreciate, and I’m glad I bought when I did! Although I won’t be selling it for while….love it too much!
My understanding is the low mileage cars tend to have more problems and a higher chance of IMS failure. This is due to not being driven and not having regular maintenance.
I have an 06 997 with 112k miles. I daily drove the car with a 40mile round trip commute for years. The car has had very few problems and visits the shop only for routine maintenance. Easily the most reliable car I’ve ever owned.
Same. All about the heat transfer apparently.
I agree with this. I bought a 997.1 Carrera S with 38,000 miles on. Driven about 1000 miles a year if that for the last 5 years.
It suffered bore scoring so after I bought it I had the engine rebuilt, clutch replaced, IMS upgraded as well as upgrading all the suspension. It will be my daily driver for the foreseeable future. These cars need to be driven, fresh oil on a regular basis etc.
I love my car and although it would be nice to see a return on what I paid for it I bought it to drive and enjoy not as an investment.
Yes everyone talks about IMSB but bore scoring is a bigger problem for the 997.1 and just as expensive to repair (full rebuild). Buying a 997.1 without a bore scope and leak down test is playing Russian roulette.
@@Tryingnottocrash - Had a Hartech conversion on mine and it's a great car. Not really interested in investments with cars either. Just drive them.
I have a 2006 997.1 Cab and just love it and with no problems. But I swear the more I drive it the better it runs.
I currently own a late 997.1 S manual with low mileage. Short of finding a good deal on a 991.2 GT3 manual, I will continue to keep it indefinitely. After owning it for over 10 years, I feel that 997 is definitely the LAST generation of 911 with the right size and just enough electronic aids. It feels modern but at the same time retains the old-school ethos of a classic 911. Imho, this is probably the reason why the market shot up so much recently. People want to lock into one before it's too late, especially when the newer 911 are increasingly morphing into a GT. As for the reasons why better appreciation on mid to high mileage base models, my guess is that they are over $10k cheaper than low mileage base or S models, which is probably sufficient to attract bargain hunters.
totally agree with you ;) I have the same sensation when driving mine. Perfect size, not too much electronics, good power, perfect combination !
I get mine in 15 hours! 😛💪👌
I bought a 997 turbo last year and have been patting myself on the back ever since 😆
Great video. Thanks for all the hard work making these.
Bought my base 997.1 (modified) with 63k miles late last year. Dumped a ton of money into maintenance and upgrades so it's nice to see a lot of that has been recovered thanks to appreciation. Enjoying the car more and more every day. Great video!
Thanks for the study and your clear presentation btw. Would love to see an update by the end of this his year!
I bought a 997.1 S 6sp with 40k mi. last summer.
Why? Because I wanted to treat myself during covid.
Sir, you are a genius.
wow... what great detailed stats. I have a manual 997.1 C2S with 155k miles. Has nearly every OEM sport/comfort option. Runs perfect...looks like new! Great to see this positive data.... thank you!
Marvelous presentation very informative extremely helpful answered so many questions I have thank you so much wonderful work
It's pretty simple. The starting point for the high milage cars is much lower. The entire market is nuts now as you note. They are all going up so the lower start pointers higher % increase.
You’re right on target. I would only add that the demand for these cars has a financial ceiling and as prices move over $50k, that demand drops off substantially.
Thanks For another Exciting video and making me think that my 997 is still relevant and worth something
997.2 will go even higher in a couple years since it’s a great car.
I managed to purchase a high mileage manual 997.1 c4s for 30k at the beginning on the pandemic when prices were at their lowest.
That appears to have been a great deal!
Great Video!! Happy I picked up a 997.1 C2s manual 3 years ago. Many sources suggest the IMS issues are worked out in 07 and 08 models of the 997.1
Thank you for the video!
Really appreciate this analysis! I’m listing my 997.2 2009 c2 convertible at auction-I think. I’ve been amazed at how these prices have jumped, and assumed it was a COVID-driven fluke. Your work here makes me re-think whether it may be the beginning of the transition to ‘classic car’ status.
Excellent video with very valuable information well analyzed. Thanks. 2 weeks back, I bought a 2010 997.2 Carrera base 6MT with 65k miles and well maintained car with the dealer, for $47500. This car had 7 previous owners all in Florida and maintained at Porsche Orlando Florida. I could not negotiate much and paid the price.
Great video. Would also like to see the current state of the Porsche 987.2 Cayman today vs pre pandemic.
997.1 C2S Manual owner here, have fairly high miles at 87k, but bought the car last year for $30k, liking the news here. :)
Sell now on Bring a Trailer for $48k. Use the profit to score a 997.2 manual. No bore scoring or IMSB concerns.
Great video - thank you! :-)
10/10
bmw i8 to reivew! funny enough, I have been craving a 997 i think your analysis is spot on!
Super analysis man!!
Higher mileage ones increasing more as people are buying those to use rather than store away as investments.
I bought 997.1 Turbo several years ago with 60k on clock as this was never going to be highly sought after, so putting more miles on wouldn’t affect the price so much as if I’d paid a lot more for a lower mileage.
Great videos!!
Great video 👍🏼
Fantastic video, as always! Any thought on Coupe vs Cabriolet ? Thank you!
Hi, thanks for the great video, but what about cabriolet (convertible) ? Keep on this way !
Excellent video as always. I have 14 Cayman S and it has been nice seeing it appreciate. Some part of me wanted to upgrade to a 997.2 last year and I should have done it. I am probably priced out at the moment, but maybe down the road!
Where do u store your 14 cars
Very nice analysis. I think that folks appreciate the last of the more analog models and the manual in particular. The 997 is smaller .. i would say it is not as bloated as... i am 6'7" and do fit snuggly in a 997.2.
Great stuff. My view re high vs low mileage cars is that high mileage cars were undervalued, while low mileage cars were rare and priced at a premium. High mileage cars were cheaper and so had a bigger potential market. A low mileage, manual 997.2S is a great buy (and were undervalued, hence their rise). Especially in a good colour - these cars were rare in traditional Porsche colours like silver. Aside from the data, these are great cars - the best modern Porsche, the GT3 especially.
the mid-to-high mileage car differentials are probably a regression to the mean artifact, there was more "change" available in that system relative to the low-mileage variants. I have a 997.2 base, manual 4 cabrio, low-ish, but not too low, miles, it's a peach, and I'm kind of stunned it's actually going up in price, was thinking of selling it when I first got it as part of a debt repayment last year, but no reason to now. I drive it on weekends, track it about once a month, it's rock steady, super happy I have it. Thanks for the video, helps make sense of these things.
Great video. Love the 08 C4S, love those hips! Good information to know 👍
a review on the porsche panamera, and the trends with restmods of the AM General H1 and military humvees would be cool.
I have a video about the panamera market: czcams.com/video/gHiVIC_J0g4/video.html
@@fourwheeltrader awesome. I'm sorry that I didn't find it. Thank you. Awesome content subscribed.
I scored a high mileage (84k miles) 997.2 C4S with a 6-speed manual in perfect condition and with rare goodies (like full leather dash, Porsche crest in the headrest, turbo .1 wheels) under $45k in late 2019. I partially rationalized the purchase by telling myself the price would go up (at least it would not go down) and I am happy to see this justified by this analysis. Sorry, its not for sale! But I also looked at buying a Turbo earlier that year and unfortunately did not do so, because those have gone up in price even more I think. Its crazy.
I think the analysis is spot on. I suppose the reason why the ones with mid-higher miles are going up relatively more, is that for persons buying a 10 year old car it does not play a huge role if it has some miles and in absolute values, the ones with higher miles have been relatively cheap. Hence the prices might rise quicker on those ones, than on the low mile cars, that have always been relatively expensive...
I agree tot your final conclusion. The shortage on the semiconductor market is of no (or very limited) importance to the market of 10-15 years old cars.
BMW Z1 would be great! Great Vids!
Very interesting. How about extending the analysis in the 997 GT cars? The numbers are smaller, but the percentage of sales the last several years has been reasonably high, I suspect. I have had a 997.2 GT3 RS for 3 years. I love it. I track it and have taken it on One Lap in 2019 and 2021.
First, an excellent presentation! Like the gentleman below, I want to kick myself for selling my 2005 Carrera, manual, with 60K miles for $26K a couple of years ago. BUT, I recently received a call from the dealer who sold me my 2009 4S Cabriolet, now with 16K miles, offering to buy it back at what I paid for it. Makes sense now that I know prices have risen but I LOVE MY CAR so no way will I ever sell this one.
Excellent analysis… but towards the end I was not sure whether or not you said the 4S appreciated the fastest in the 997 series (base, S, 4S and GT)
Great analysis! What about the 997.2 Targa 4S?
Wow... this is awesome...quite happy i bought the 997.1 S at the right time 3 years ago. Great content keep up the good work
I did as well! 3 years ago
Bought my manual 2007 997.1 C2S at 79K miles last August for $35K off Rennlist. Perfect condition and I drive it daily. Up to 85K miles and loving every minute. Only an oil change needed so far. Love this analysis and the work he does in general.
Price differences for higher mileage 997s are likely due to the “perception” that those cars have resolved the IMS/RMS engine failure reported issues. Analyze the data for cars below 70k miles and those above 70k miles. 70k miles is the factory recommended mileage for clutch inspections/replacements and when IMS/RMS fixes are recommended for engines with serviceable IMS. I’ve owned a 997.1 manual for 5 years (from 24k miles to 47k miles) and I have had ZERO mechanical issues with the car despite driving it thousands of miles per trip for several annual road trip events (Werks, PCA trips, road rallies in the Smokies, etc.). Best value 911!
Hi, I own a 997 carrera mk1 from 2005. Only 115.000 km. Manual. IMS and clutch changed. Silver colour with black leather interior. With PASM. Perfect conditions. All revisions done and documented. What do you think, for how much I could sell it in Spain. Thanks a lot and congrats for your channel!
Awesome analysis!! As a potential 911 buyer I’ve been watching the market and have noticed these changes in the 997 (much to my disappointment). I find it interesting that the mid to higher mileage cars saw a bigger price increase and I would guess it’s because they are perceived as the better bargain/compromise and the “market” has picked up on that. Low mileage cars are always more expensive so people just skip those, maybe? Either way, thanks. I’ll save this and refer to it during my hunt.
Do it! No regret. It’s an amazing vehicle and always a plus when it holds its value or in this case appreciates!
@@neilpith3342 I plan on it. Want a 997.2 but the price difference makes me wonder if I should consider a 997.1. I know all about the IMS, bore scoring, RMS, etc. I just need to sell my current toy to make room for/help pay for the 911. My problem is it has to be a 6 MT, a coupe, and an S.
@@neilpith3342 The hunt is over. Picked up my 997.1 a little over a month ago.
Great video. 987.2 update should be next.
Thank you for yet another thorough analysis. Literally noone does it quite like you! 👍
You already did a video on why car prices are currently so high. May I ask for your valued personal opinion if it's going to stay like this for some longer time? I have a feeling it's not going to come down again and better buy now, or never be able to afford one before all the bans kick in over here in Europe, starting next year. I'm not specifically talking about Porsche. I know it cannot be predicted but was curious about your very personal opinion at this very moment.
As always, keep it up!
Perhaps this should be answered in a seperate video :)
@@fourwheeltrader Now that would be another first-class and interesting production!
Actually at this very moment I was/am really just curious about how you see it, without any need to explain why. It matters to me personally, as simple as that!
It's simple...value and fun. All versions deliver solid performance, fun, with pretty good looks and reliability. Add in the scarcity of manuals in new affordable sports cars and laws of supply and demand take over. The chip crisis and covid definitely played a hand too but I've been wondering when this would happen. I guess I'll hold on to my 06 Carrera S convertible/manual with 43K miles for a bit longer. Thanks for the analysis.
Perfect as always. You could do one on the e92 M3.
please don't!
These videos are a lot better with year over year data! well done!
Please do the same analysis for the 996.
I have a 996.2 C4S 6 gears.
Amazing content as per usual. And the channel and production is maturing very nicely.
Thanks! Hoping to improve the production quality even further.
Scored a 997.1 4S Cabriolet with 22k miles, and intending on putting at least 20k on it in the near term. I figure I got a good deal at $51k, but prices were already up by the beginning of 2021. Even at 44k miles, I’ll be in a good position. The first owner had it for 14 years, luckily oil changes and maintenance were a constant, so I’m hoping for smooth sailing. Now I gotta take it places! Any Porsche clubs or rallies in the LA area?
I have a 100k mile 08 911. It’s amazing.
Would be curious to see the price comparison between the cabrio and coupe. Proud owner of a Supercharged 997 C2 6MT cab, the 450whp is unreal
The 997.2 manuals are what people want.They are willing to get a higher mile car because not many where made.The GTS manual is very rare so people just want one and will even go with a high mile car to get it.
Hi, do you know if the 997.2 Carrera S cab have had any increase in value the last year?
High mileage 997.1 are on increasing in demand due to Ims bearing issues no longer an issue. They have been taken care of.
Over here in the UK apparently they are still depreciating slowly according to info I can find on the net. As an owner of a mint condition 997.2 C2S I'm hoping we follow the US price trend. But I wonder what the impact will be of the inevitable shift to non dinosaur burning cars? I think there is more of a push here in the UK.
@fourwheelTrader my guess is that the mid-to-high mileage cars had a lower base price and there were more of them, meaning lots of supply historically...whereas the lower mileage cars, generally, have a far lower supply base and consequently a higher price. So...when the abnormal market conditions conspired over the past year, the low mileage and higher priced cars already were at or near their peak value. Moreover, the demand for those cars was smaller b/c of their already high price. Meanwhile, the demand overall started to rise, and this demand (and money) began to chase (at the time) cars perceived to be a better value for the money...namely higher mileage cars with an (initially) lower price point. This influx of new demand driven by the past year, coupled with a rising belief that the 997 could be the next "modern classic" in line with what has occurred with the 993 and more recently the 964, drove more buyers into this segment. After all, it wasn't that long ago that a buyer could pick up a very clean 964 for the high teens or low to mid twenties (those days are long gone). Moreover, look what has started to happen with the 996, a car that mechanically was a huge leap forward for Porsche, but long despised b/c of its questionable styling and more cheap interior...But let's get back to the 997...the 997.2 in particular, as you point out, is massively improved over the 997.1 - the introduction of the 9A1 engine, which carried over to the 991.1, was a huge leap forward. The 997.2 for all intents and purposes is a completely new and different car mechanically over the 997.1. Moreover, the volume of units produced is about 45% less than its predecessor, the 997.1, due to the great recession of 2007-2008 (model years after the 997.2 picked up traditional higher production numbers). When you consider all of these factors, the 997.2 values should continue to rise, regardless of the temporary supply and production interruptions of the past 12+ months. I'm a lucky owner of a 997.2. I looked at what was happening in the 964 and 993 markets (as well as nearly all air cooled cars) and bought a 997.2 in March of 2020. It had all the goodies I wanted and it was meticulously well maintained with every service record in a binder for me to review and confirm. It was a great move and I will keep the car forever. (Previously owned Porsches: 991.1 C2S, 997.2 GT3, Cayman PD1, Cayman S 987.1, Cayenne TT 958)
We see this in the used Ferrari market. New buyers purchased automatics, versus used buyers are "enthusiast" buyers and prefer manuals. I think this demand explains the automatic versus manual. The used buyer prefers manual cars. As far as the mileage.. I think it's a balance, everyone wants a low mileage car but the supply is so limited and price so much higher that it brings up the prices of the higher mileage cars, which higher prices are due to the manual cars.
The engine is also pretty solid with minimal maintenance which reduces fears on high mileage. Plus, there are *very* few new affordable sports cars with manuals.
Great vid we need a 997 update please!
The 997 will be included in the upcoming 911 Carrera market update.
@@fourwheeltrader Yesssssss
the 997 is pretty enough, raw enough, fast enough, and still 'reasonably priced' for those several metrics ........
All right except reasonably priced. Priced are ridiculously high compared to how old car is and what it have to offer
For now....inflationary forces will accelerate value creep.
Agree on all counts. Plus: If you had a 911 in the past and sold it, you will always want another one. Especially if you are driving a mini-van or a large SUV.
That was the case with me. Fortunately and luckily, I had a job during covid. Then, I realized I wasn't getting any younger, so this aging out baby-boomer bought a '06 997.1 S manual. Cab. I stretched a bit and paid cash.
Another thing to add, that adds to the appeal (others have mentioned it, I know): you can work on them. I've changed the oil, swapped the cartridge for a spin-on oil filter, and added wheel spacers. This weekend will be the short-shift kit, the strut brace, and swapping the HVAC buttons. The 997s have a hobby aspect to them which, I think, also adds to the appeal.
And, yes: it's fast enough. Even stock. Even the convertible. 350 HP on that wheelbase, with that weight. Yeah: fast enough!
@@passingthrough812 yeah i respect people that work on their cars. I also want to buy 981 and do as much maintenance as I can, i mean oil change is stupid easy not ti do it yourself! Spark and plugs require some patience from what i see online, but still perfectly doable diy!
@@passingthrough812 and buying 997 with cash.... Holy shit ! Thats a lot of cash!! I cant imagine saving even half that amount
Any difference is roof type (coupe, convertible, targa)? Or no significance in the data?
I think the values of the mid to high mileage cars have increased due to some of the mechanical issues the 997.1 can have a lower mileage, from my understanding it’s rare for a 997.1 to to have rms ims issues after 70-80k. I don’t know for sure but this is what I was told.
Pls consider updating your 997.2 presentation June 2021.
Mid to high mileage 997.1 provide more proof points to being free of IMS and other rare but finite issues with the generation assuming the car meets or exceeds any PPI. Porsches need to be driven for the mechanical package to be properly utilized. Garage Queens represent a greater unknown. btw, what happened to the 4S and even 4S Cabriolet drill down??
Great video! I have a 2011 997.2 Cab 4S manual with 19K miles, should I hold or sale?
It will only increase - close to the last (2012) naturally aspirated models! ... so keep it!
Planning to keep my 997.1 4S MT for the rest of my life. Sad I sold my previous two 911s.
This is interesting. All the 997.1 cars need to be rebuilt with new cylinder liners to be usable for the long term. This is regardless of the mileage. If the work has not been done it will need doing soon regardless of the mileage and service history. So low mileage on these cars is really only a hint to the condition of the bodywork and interior.
Purchasing one of these cars is a very complex task unless you are buying it to rebuild yourself, which can be done quite easily on a 997.1
You are missing one, the 997 Turbo (falls between the S and GT models). Which is the car I have 2008 997.1 Turbo Cabriolet. Wonderful car.
It's covered in a separate video: czcams.com/video/PhpFcXGRj1c/video.html
My goodness - your analysis is extraordinary.... and this is coming from an OCD MBA type! One thing - you didn't mention any relevance to the cabrio and targa models. Care to give at least a generalized comment about those prices? Or are they statistically (% change) about the same as coupes?
The Targas are not included. I don't recall any significant difference between the cabriolets and the coupes.
Got an offer on my manual 997 Carrera C2 GTS with 43000km. The offer is 10% higher than when I bought it end of 2019 with 28000km. Basically I drove the car for 18 months for free. Difficult to resist the offer, but it is such a brilliant car. And maybe prices will further increase. Any advice?
Unless you have something notably better to replace it with, I'd hang onto your GTS. You're likely to regret selling it, as values will continue to climb too.
I have a 2008 997.1 C2S manual and struggle to find a better future option. It's a keeper! 😄
@@hensh911 You are absolutely right. I actually have nothing I could think of that I would like more, except for GT4/3/2. But then I don't have the back seats and I would need an additional car as daily. There is plenty of other (and faster) stuff around at the same price as the GTS (RS4, M3, AMG etc), but none of these are as exciting to drive.. and most of these don't come in manual 😉
Guessing the mid-high mileage cars are going up for three reasons:
1) They're expensive cars, so there would naturally be more demand for the lower priced specimens.
2) They are the "enthusiast" deals. Enthusiasts tend to prefer manual, and aren't as afraid of a high mileage car (they do their own repairs, or don't plan to drive it as a daily.)
3) Cars of this performance and age, with higher miles will be nearer to the bottom of their depreciation curves. Enthusiast shoppers are probably aware of this.
I got a 997.1 C4S manual with a complete reworked engine fixed by a german company named Cartronic. Best repair technology available worldwide. Made 20k since and runs smoothly like cream. I own the car 10 years now and have fun everyday.
They increased because they had already bottomed out. With the demand during covid and low supply it pushed higher mileage cars up in value. Also guys with high mileage car probably had for awhile and saw a good time to unload.
And thats strange part i dont get. Lot of ppl losing jobs, global crisis and fkicng luxury item is appreciating in value... Doesn't make sense imo
@@Angry-Lynx it looks like people, who can buy luxury goods, are also less impacted by the pandemic.
I also believe that the 997 high mileage cars are currently considered the cheapest way to enter in the Porsche world with a modern, reliable car. They probably have the highest demand. Once you get in the price range of the lowest mileage cars, there are also other options.
Roni92pl people with enough money to buy a Porsche were financially unaffected by the pandemic. And since many of them dined out less and travelled less, these folks already “of means” had even more disposable income, thus driving the price of these way up.
Agreed.
I'm wondering what a 997.1 C2S Launch Edition with 21000 miles might bring on today's market. These cars are even more rare (337 total imported).
997 GTS 6-speed is the cream of the crop. Wide hips, rwd. Very low production numbers. I believe the GTS has lower production numbers than the 997.2 GT3.
997.1 values are stupid high right now. Bore scoring, IMSB should be hammering the values yet the buyers on BAT keep bidding them up through the roof. PPI? Nah...just bid way higher than the last one sold for.
If I buy a 997.2 manual and drive it 10K per year for 10 years, what will it be worth? Assuming I take car of it properly.
You can only imagine how much the GT2 will go for.
Well, I guess I'll hold onto my 997 gts then for a while ;)
No you should sell now. This crazy market won't last.
First world problems
Nah just give it to me and unload that stress off your shoulders.
@@BuckMcAntlerson i'm quite good with stress 😉😂
@@mikehertz6507 it's a first world problem video ;)
So glad I bought my 2012 911 turbo s at the start of 2020, already made money
Do you reckon the 997 turbo S is an investment ?
@@rcfrenzy6477 I wouldn’t look at it as “investment” per say. Just a toy that appreciates in value more than it depreciates
@@jmoo876 ok cool, I was looking to purchase one but I’m doing my research.Thank you 👍
Holy fuck just when i wanted to buy 911 or cayman they have to shoot in value 😭
How ironic
I'd have liked to see more of a breakdown too to add that cars with certain options also achieve the higher values. For example a PDK cars with the sports exhaust, sports chrono, sports plus seats, Bose stereo would achieve higher value than a manual without those options. To me, these are the must haves people are looking for on their 997.
I agree with you ;)
Its because they've stopped making the 911. Chips are keeping them from shipping til end of 2022.
I understood that the 996 had also gone top a lot. But in the chart at the end where you compare all cars, the 996 does not feature at all?
I didn't have the 996 data yet when i made this video. At the end of the following video you will find a comparison of all the generations:
czcams.com/video/3g4JZzdeh2Y/video.html
I’m always this close 🤏 to selling my 997.2 6 spd, but then I go drive it and come back to “never!” … until I can afford a GT3
I think the high mileage cars went up because supply went down therefore people are willing to pay more. Also high mileage cars just got hit way too hard pre-Covid.
what do you think? i have an opportunity to buy 2011, 997.2 , 6spd manual for $45.5k has 90k miles. seems to be well maintained has some service receipts. no accidents. exterior and interior is excellent. should i buy this now?
BASE 911 Carrera
267 Automatically Dimming Interior and Exterior Mirrors
342 Multi-stage Heating System for Front Seats
414 Standard Carrera IV Wheel
480 Manual transmission
619 Bluetooth Interface for Mobile Phone
640 Sport Chrono Package Plus
672 Extended Navigation Module for PCM 3.0
680 BOSE® Surround Sound System
686 XM® Radio
810 Floor Mats in Interior Color
870 Universal Audio Interface
AN Black Standard Leather
P15 Electronically Adjustable Seats
X1 Arctic Silver Metallic
And how is the development of the GT2, GT3 and turbos in the 997.1?
I have separate videos for the Turbo and GT3 on my channel. The GT2 i didn't cover yet.
At least with 997.1, my opinion is that mid to higher-mid (50k to 75k) mileage cars are a) running and have had there "problems" sorted (i.e. IMS bearings and bore scoring) and b) they've had the items that need repair or servicing taken care of (i.e. water pump, coolant reservoir, 60k service (major service comes at 90k)). They are great cars, so, if they've been well maintained and taken care of, they are obtainable by more people which brings up the final point: all cars are getting more expensive. So, when a buyer is faced with a decision between a $45k BMW 3 or 4 series or a pureblood, well treated Porsche for the same price . . . more and more folks are going to want to get that sports car fix that only a 911 can supply! Or you can justify it by saying "my 911 allows me to safely social distance!" BTW: I own and love an '06 911S Cab with 59,000 miles on it, 7k of which I added (and I recently I had the water pump, the belt, and the coolant reservoir replaced which cost $3,500 + another $600 for the 60,000 service).
Prices of high mileage cars were more depressed when the supply was greater. Now that supply is less people are willing to pay more for higher mileage examples. Also people may be realizing that mileage doesn't matter that much with these cars. They are very well built and if taken care of properly they can easily reach 150,000 miles on the original engine.
Do your research before buying, especially 997.1 bore scoring; get a PPI/bore scope on any 997.1. 150k miles is possible but who knows how then previous owners drove it? Figure your downside risk is a $30k engine rebuild. It’s happened to many owners so buyer beware.
Prices for higher mileage cars went up simply because not many people with their savings can afford a low mileage 997. That middle class has driven the prices up: fear of inflation and less traveling overseas and dining, nightclubbing etc. is doing the thing. But rich people who can afford to spend 100k on a low mileage 997 would probably go and buy 992 or stupid Taycan instead.
And what about the Targa, purest 911 in my eyes.911 line with sea of light into the cocpit.997 Mk1 from 2007 changed the IMS with reinforced version, MK 1 still the purest one, no red line between the rear lights, less is more.
The targa is unfortunately not included in the video.
The higher mileages meant most of the car problems has just been fixed otherwise buyers would not touch it. Though .2 is nivce buy I rather go for the hard to find $S Targa .1
what about the 991.2 models ?
does it holds the value well like the 997 ?
This is the latest update i have on the 991 market: czcams.com/video/IoZioXBPW3o/video.html
@@fourwheeltrader thank you .
I'll never take a chance on M96/M97 engine. Porsche never addressed oil supply to the IMS bearing, 9A1 engine is the real answer.
Ed s the 9A1 engines are now show problems with bore scoring due DFI washing the bores of oil so even 997.2 don't escape problems
very few cases on DFI related bore scoring on 9A1 relative to the IMS failure & bore score to M96/M97. I change oil on my 9A1 sooner than Porsche recommends being aware of fuel dilution on the oil.
Can you do the Ferrari FF ?
Here you go: czcams.com/video/wT_I2aFI0t0/video.html