Will 996 Values Increase?
Our objective in this section is not to give you a sales pitch or develop an argument to increase the market value of the 996. Instead this section is intended to increase awareness of the 996 true value as a great 911.
Until the aftermarket developed a cure for the intermediate shaft bearing and rear main seal problems, the question of 996s values increasing could not be answered with any confidence. However, now that there are maintenance and permanent non-maintenance upgrade options for the IMSB and RMS, they are no longer a factor in devaluing the 996. And if you're one of the many 996 owners you already know the great value of this 911. You can drive your 996 everyday and head to work, groceries, pick up the kids, Home Depot, with assurance that it will start at every event, and when the climate gets warm turn on "genuinely" cold air-conditioning. In case of an accident, there are multiple air-bags within a body structure that followed safety requirements to protect its occupants. And when needed, the performance is available and by design supersedes its predecessors.
Compared to previous 911s, the 996 has been a victim of continuous exaggerated and unwarranted criticism. The internet forums, persistent misinformation, and a pernicious class action lawsuit had placed the 996 on a directionless trajectory. This has overwhelmingly and singularly overshadowed the true value of the 996 from revealing itself. Any and all merits the 996 had regarding driving dynamics, performance, reliability, and quality were ignored due to the IMSB and front end similarity to the Boxster, and water-cooled engine.
For 2017, experts have advised us that 996 values have finally bottomed out. Partly because the word is spreading about the aftermarket cure (as in "permanent" fixes) for the IMSB, the RMS and other series-specific niggles. In fact, 996s have already begun to rise in value; leading the charge are the 996.2 Carrera 4s with their turbo bodies and four-wheel drive. Excellence, Panorama and other Porsche-related magazines and websites are finally featuring 996s on their pages (and not just purple cabriolets with paintings of Andy Worhol on the doors unicorns). There will continue to be detractors. For example, the 964s and 914s have been highly criticized in print with comments from journalists stating that these cars would never go up in value. And for a number of years, 914-4s were commonly traded for $5-8000 and 964s for under $20K, like our beloved 996, but times have changed for those models, as well as the 912s and 74-77 911s. We expect to see a new round of articles stating that the 996 will never go up in value and the journalists will authoritatively blame it on headlight designs, water-cooled engines, the IMSB and the RMS reliabilities. Similar to the criticisms of the Volkswagen derived 914s, and plastic-clad body of the 964 or large bumper 911s.
Air-cooled values have gone through the roof, consequent insurance costs are higher, the fragile nature and expensive upkeep of the older 911s can be a deterrent to ownership. In contrast the modern amenities and excellent driving dynamics found in the 996 are pointing potential buyers to this great car.
In 2017 reality has begun to catch up with and surpass perception. Even though there have not been spikes in prices, you can find videos discussing the true value of these cars. Even PCA has begun to spotlight the 996s along with other reviews of this great car (see below). What's most telling about these videos is that the IMSB is hardly mentioned as a PROBLEM in these cars. In the meantime great values (steals!) are still available in the marketplace.
The moral of this story is that the 911 has been unfairly picked on for the type of design and engineering “flaws” that have existed since early 911s have been around. Like the flaws found in pre-996 911s time heals all wounds and the two major flaws known as the IMSB and the RMS are now entering permanent upgraded status and will soon be a part of its unique-series history rather than its continuing problem.