What is going on with 986 and 996 prices?

[986_inquiry]

Originally Posted by Perfectlap

I don't think its the IMS issues. Not after talking to my Indy this weekend about the cost to rebuild NA/Turbo air-cooled Carreras.
Man if dropping $12K on of those repairs doesn't scare away a first time Porsche buyer... and you thought $2K for a IMSB was bad?

IMS totals the engine, so it is a $12k+ repair

Originally Posted by Perfectlap

Also, the 996 has been well below 20K for quiet some time now. I'm seeing threads of people picking up fairly well kept 996's for $10-$12K.

996 911 for $10k? While I don't doubt that might have happened somewhere (hate to see what it looked like!), that's hardly the norm. ~$20,000 is closer to what they cost in average condition, but if you have some links for 911's selling for $10,000 I'd be happy to take a look