Porsche is known for making some of the most engaging cars in the market. The Porsche 911, in particular, has been dominating the sports car scene with its immersive driving experience and usable performance. A bucket list item for many, owning a 911 is always the dream.

Porsche has several products under the 911 moniker, from the entry-level Carrera to the explosive Turbo S. Furthermore, Porsche's GT program has given birth to some of the best 911s in existence, the GT3, GT3 RS, and GT2 RS are favorites among motoring enthusiasts.

Of course, a Porsche 911 is reserved for the elite. But just like most luxury cars, it loses money over time. Thanks to the miracle of depreciation, such engineering marvels can be owned and enjoyed by mere mortals like us.

Before the latest 992 generation, the 991 Porsches saw a run from 2012 to 2019. These models were split between the Type 991.1 and 991.2. Though not cheap, the Porsche 911 Carrera (Type 991) is edging towards becoming a sports car bargain. Here’s a look at how much it’s worth today.

Porsche 911 Carrera (Type 991): A Brief

Via: Tactical Fleet

The 991 is the first 911 to use a predominantly aluminum construction. This means that even though the car is larger than the outgoing model, it was significantly lighter than the 997 generation. Introduced in 2012, the 991.1 Carrera had a naturally aspirated 3.4-liter flat-six engine, generating 345 horsepower and 288 lb-ft of torque. The S version had an upgraded 3.8-liter engine, generating a maximum power output of 395 horsepower and 325 lb-ft of torque. Transmission choices were a 7-speed manual and PDK.

The 991.2 Carrera was introduced in 2016 and came with a turbocharged 3.0-liter flat-six, making the 991.1 the last of the Carreras to house a naturally aspirated engine.

Via motortrend.com

The Porsche 911 991.2 Carrera now made 365 horsepower, while the Carrera S pumped out 414 horsepower from its 3.0-liter twin-turbo flat-six. Changes to the 991.2 came in the form of new front and rear bumpers with larger air intakes and exit vents on the respective fascia. The rear deck lid had been modified with a central induction intake now flanked by two rows with longitudinal louvers along with 3D effect rear lights and revised door handles. Inside, the steering wheel saw an upgrade to the GT-style version along with an updated infotainment unit.

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Porsche 911 Carrera (Type 991): Let’s Talk Values

Via: Autoblog

The used market has two distinctions for the 911 Carrera; 991.1 and 991.2. Of which there are further variations like the Base and S model, along with coupe or convertible body styles. One thing to point out is that from the previous calendar year, the number of cars available has significantly gone down.

The general market trend dictates the median price of a 911 Carrera from the 991 generation to be $86,119. However, the price ranges from $51,000 and goes all the way to $167,000, reports Classic.com. It can be seen that the S commands a premium over the base Carrera. Also, prices are generally on the higher side for the later model years with relatively low mileage.

The 991.1 market has seen quite a price hike with the current situation. Additionally, thanks to low supply, you now need to pay more for a given mileage than what it was worth last year.

motorenvy.com

The 991.2 is quite common, comprising a good chunk of the market, while the 991.1 has a relatively small hold. On average, prices of the 991.2 have seen a drop for the later model years, while the 2018 and 2017 models have seen a slight increase.

The sudden drop for the 991.2 is largely due to the introduction of the 992. As far as the 992 markets go, prices are absolutely strong as many are still trading at list or even a bit higher. Porsche is doing a fantastic job controlling the market by not flooding dealerships, unlike other brands. However, that won’t stay for long as 2022 models are pushed into the market.

RELATED: Porsche 911 Carrera 996: Costs, Facts, And Figures

Porsche 911 Carrera (Type 991): Why Should You Get One

Via motortrend.ca

The Carrera is a typical Porsche; engaging yet usable. The 991 generation was the first of the 911s to use electronic steering. The 911 Carrera’s character depends on how deep your right foot is on the throttle. Even though it is under powered by today's standards, if you’re too much on the throttle, the rear shoots out and there’s a good chance of the car ending up in a hedge. If your modulation is not up to the mark, the steering weighs down, and you experience understeer.

At the end of the day, a type 991 Porsche 911 Carrera still costs a pretty penny. There aren’t many 991.1 Carreras available, nor have they depreciated enough. The 991.2 has strong residuals as well. Plus, the current market situation isn’t all that favorable either. Since they have a bit more depreciation left, we recommend buyers wait and let it dip further before purchasing one.

Sources: YouTube, Classic.com, Cnet