What to pay for a Porsche 996 Splash

While many enthusiasts bemoaned the death of the air-cooled flat-six when the 996 generation arrived, this version of the Porsche 911 introduced much-needed technological advancements to the model lineage – being not just more powerful than its predecessors, but lighter and stiffer too.

Today, the 996 range is not only a compelling entry point to Porsche ownership – with some cars available for £10,000 or less – but also contains some of the very best road and track sports cars of the 911 back catalogue.

Since our first auctions in 2019, Collecting Cars has now sold more than 300 examples of the 996-generation Porsche 911, covering almost every variant, from entry-level Carreras through to a £200,000 GT3 RS.

Our team has reviewed numerous examples sold, to give you a guide on anticipated prices. Of course, bidding on any given car will be impacted by service history, condition, and mileage – not to mention the finer points of the specification and options.

What to pay for a Porsche 911 996 Convertible

996 Carrera / Carrera 4

Originally powered by a 3.4-litre 300hp water-cooled flat-six, this was revised to 3.6-litre capacity for the 2002 model year with power rising to 315hp. A six-speed manual transmission was standard on all models, with a five-speed automatic optional (made by ZF for the 3.4-litre cars and sourced from Mercedes-Benz for the 996.2 model).

The all-wheel-drive Carrera 4 offers impressive all-season usability, but the no-frills rear-drive Carrera will typically fetch a higher price, with purists often seeking out non-sunroof cars and early examples with the cable-operated throttle. 

In the UK, a 3.4 Carrera 4 with around 82,000 miles previously sold for £11,500, while a facelift rear-wheel-drive 3.6 Carrera with 90,000 miles sold more recently for just over £15,000. A similar mileage 3.4 Carrera in Canada found a winning bid of C$28,500. In Australia, a relatively limited supply when new coupled with strict import requirements drives equivalent prices considerably higher. In late 2023, a smartly specified 3.6 Carrera with the desirable manual gearbox and 126,000km from new sold for A$53,300.

Issues with the IMS (intermediate shaft) bearing and the RMS (rear main seal) on 996 engines are well documented, if mostly blown out of proportion – but cars with these items replaced or upgraded will always fetch more. A 98,000-mile 3.6-litre Carrera with this maintenance carried out received a winning bid of £17,750 in 2022.

What to pay for a 996 Porsche 911 Targa

996 Targa

Introduced as part of the facelift in 2002, the Targa features a single-piece retractable glass roof, which floods the cabin with light and delivers a rather different interior atmosphere to a standard coupe. Uniquely, the Targa’s glass rear window operates like a hatchback, enabling easy access to the luggage shelf behind the rear seats. Prices are broadly in line with the 3.6-litre Carrera, with a 53,000-mile Tiptronic car achieving £17,500.

What to pay for a 996 Porsche 911 Carrera C4S

996 Carrera 4S

Launched alongside the Targa for the 2002 model year, the Carrera 4S borrowed the same formula as the 993 car with the same name. That meant it had the wider Turbo-style body, wider track and tyres, incorporating its suspension components and brakes, as well as the deeper front bumper with air inlets. 

While its naturally aspirated flat-six offered no more power than a standard Carrera, today it is a far more sought-after model. Higher-mileage examples can be found for around £20,000 or less, but a manual gearbox Carrera 4S with around 40,000-50,000 miles is likely to sell for around £25,000. A pristine collector-quality example with just 10,927 miles on the clock was sold in 2022 for £41,000.

What to pay for a 996 Porsche 911 40th Anniversary

996 40th Anniversary

Introduced as a swansong for the 996 and marking 40 years of the 911, the 40th Anniversary 996 Carrera boasts a specification that “verges on perfection” according to Total 911 magazine. The car was equipped with the ‘X51’ Powerkit as standard, featuring cast aluminium manifolds with a modified cross section; larger, machined and polished exhaust ducts; and a revised valvetrain. This engine produced up to 345hp, and was also complemented by a limited-slip differential and ‘M030’ sport suspension.

The premium achieved by a 40th Anniversary model over a Carrera 4S is in the region of 20%+, depending on the exact specification, mileage, condition and history. In Australia, a well-maintained example sold for A$90,000. In the UK, a 63,000-mile car with very good history found a winning bid of £31,100. Given the market is broadly flat for the 996 over the last two years, these prices remain good indicators.

What to pay for a 996 Porsche 911 Turbo / X50 / Turbo S

996 Turbo / X50 / Turbo S

This era of the 911 Turbo was the first to feature the ‘Mezger’ engine derived from the Le Mans-winning GT1. Its 420hp output eclipsed even the Ferrari 360 Modena, giving it the ‘giant killing’ performance that has come to define the Turbo’s capability. A more robust Tiptronic transmission was sourced from Mercedes-Benz (which would also be carried across into the 996.2 Carrera models), while the standard six-speed manual remains the most sought after.

In 2002, the optional X50 Performance Package was introduced, adding larger K24 turbochargers and intercoolers, a revised ECU, and a quad-pipe exhaust system, which boosted the engine’s output to 450hp. The 996 Turbo S model incorporated the X50 upgrade, as well as standard-fit Porsche Ceramic Composite Brake (PCCB) discs, a CD changer, and alu-look cabin inlays.

While higher mileage cars are available for around £25,000, a 40,000-mile manual gearbox car sold in late 2023 for £38,750. A similar mileage 996 Turbo S achieved just over £50,000, reflecting the fact that it was one of just 60 UK-delivered cars. In Sweden, a 98,000km manual 996 Turbo sold for €50,505, while similar money also bought a Tiptronic car - reflecting the fact that the latter had some desirable 'Sonderwunsch' (Porsche Exclusive) options. At the very top end of the market, a 9,000-mile Turbo S in a rare Paint to Sample colour was sold for £85,500 in 2022 - and this remains a record price for a UK-market car.

What to pay for a 996 Porsche 911 GT3 / Clubsport

996 GT3 / Clubsport

Introduced in 1999, the 996 GT3 was the first car with this now-famous moniker. It used the bodyshell of the Carrera 4 but with the rear seats removed and other lightweighting measures implemented. There was stiffer suspension and uprated brakes, as well as a deeper front bumper, side skirts, and a fixed rear wing. 

The dry-sumped naturally aspirated ‘Mezger’ engine produced 360hp, rising to 381hp in 996.2 GT3 guise, with the latter capable of 0-60mph in just 4.0 seconds. The desirable Clubsport specification incorporates a factory-fitted roll cage, composite bucket seats trimmed in Nomex fabric, and a single-mass flywheel.

In early 2024, a 60,000-mile 996.1 GT3 specified with the rare Clubsport package sold for £60,000, while the same model in Sweden with lower mileage achieved €85,000. Reflecting the stability in the 996 market over the last two years, a 996.2 GT3 Clubsport with around 40,000 miles and some subtle modifications sold for £67,000 in early 2023. Back in 2021, an 11,000-mile car found a substantial winning bid of £89,496.

What to pay for a 996 Porsche 911 GT2 / Clubsport

996 GT2 / Clubsport 

While a simple summary of the 996 GT2 would be a 911 Turbo with the drive shafts ahead of the rear axle removed, in reality it was far more substantial. Its twin-turbocharged ‘Mezger’ engine was tuned to 462hp, and it was equipped with GT3 adjustable suspension with rose-jointed supports, as well as ceramic brakes.

Nicknamed the ‘widowmaker’, it required a careful choice of tyres to make the most of the chassis, but delivered a thrilling experience behind the wheel. Just 1,287 examples were built, and of those the most desirable are the 70 Clubsport specification cars with Recaro seats, a half roll cage, and six-point racing harnesses.

In April 2023, a German-delivered 996 GT2 Clubsport with just 51,000km from new sold for €132,000, while in the UK a 40,000-mile GT2 with strong maintenance history changed hands for £92,750. Again reflecting the limited supply of cars delivered to Australia, a very rare Clubsport specification car with 34,000km sold in March 2024 for a remarkable A$331,500.

What to pay for a 996 Porsche 911 GT3 RS

996 GT3 RS

The rarest 996 is the 911 GT3 RS, with just 682 cars having left the factory. The 996 RS featured a raft of lightweighting measures, including a polycarbonate rear window, composite bucket seats, and a carbon-fibre bonnet; as well as lowered and stiffened suspension, delivering a level of purity and precision rarely seen since. 

GT3 RSs are rarely used as long-distance road cars, so most have relatively low mileage. In March 2024, a 44,000km European-delivery GT3 RS sold for €175,000, and the following month a similar mileage UK car sold for £150,500. The market in North America is particularly strong for this model, and in April 2024, Collecting Cars sold an 8,700km car in Canada for US$294,500 - at the time of writing among the top three prices ever achieved for the 996 GT3 RS.

 What to pay for a 996 Porsche 911 early C2 3.4

The Porsche 996 model range represents a compelling cross-section of the marque’s products and price points, from entry-level Carreras through to powerful Turbo models, and with balletic and ballistic characters in the GT3 and GT2 models. If you’re in the market for a 996, then subscribe to Collecting Cars’ alerts to stay updated with all the latest Coming Soon and Live auctions.

Guide last updated: May 2024

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