Which one should I buy?
02-22-2017, 01:22 PM
#16
So your car sold for 54k and was listed on here for one day in September (in CA). Non certified, so add 2-3k for that warranty (not saying it's worth it to everyone). Also, imo at a certain price options don't transfer in value.
56.5ish private (if it had CPO) and throw some money on that for dealer profit, doesn't seem that out of line to me.
56.5ish private (if it had CPO) and throw some money on that for dealer profit, doesn't seem that out of line to me.
$59k for a $79k sticker 2014 is not a good deal. It's a prostate exam.
02-22-2017, 01:23 PM
#17
02-23-2017, 12:01 PM
#18
Instructor
Thread Starter
Let me know what you guys think about this logic. I asked the dealer to quote me a price on a new (718) 10k miles/yr., 3 year lease. The build MSRP was $67,725. The residual at the end of the 3 years (and 30k miles) is $39,957.75. This equates to a 41% loss in value at the end of 3 years.
Now, if I apply that same logic (41% 3 year loss in value) to the two 3 year old Caymans the dealer has in stock you get the following numbers:
Base Cayman Original MSRP: $69,735
41% loss in value: $28,591
3 Year Value: $41,144
Asking Price: $51,275
Cayman S Original MSRP: $79,990
41% loss in value: $32,796
3 Year Value: $47,194
Asking Price: $59,889
Now to be fair, both these cars have way less than 30k miles on them (Base - 700, S - 7376) and are CPO. When I looking up these 2 cars values on numerous websites (KBB, CarGurus, etc.) and compared the values based on 30k miles versus what they actually have, they all showed an added value for the low miles of between $4,500-$5,500. That seems high but those values were pretty consistent. These sites also add $2,500 to the value of these cars if they are CPO, which they are. If you buy into these numbers I would need to add $7-8k to the 3 year value pricing, which would mean their asking prices are $3-5k out of whack.
Am I way off in my thinking/logic here? What have I missed?
Now, if I apply that same logic (41% 3 year loss in value) to the two 3 year old Caymans the dealer has in stock you get the following numbers:
Base Cayman Original MSRP: $69,735
41% loss in value: $28,591
3 Year Value: $41,144
Asking Price: $51,275
Cayman S Original MSRP: $79,990
41% loss in value: $32,796
3 Year Value: $47,194
Asking Price: $59,889
Now to be fair, both these cars have way less than 30k miles on them (Base - 700, S - 7376) and are CPO. When I looking up these 2 cars values on numerous websites (KBB, CarGurus, etc.) and compared the values based on 30k miles versus what they actually have, they all showed an added value for the low miles of between $4,500-$5,500. That seems high but those values were pretty consistent. These sites also add $2,500 to the value of these cars if they are CPO, which they are. If you buy into these numbers I would need to add $7-8k to the 3 year value pricing, which would mean their asking prices are $3-5k out of whack.
Am I way off in my thinking/logic here? What have I missed?
Last edited by lajoiedp; 02-23-2017 at 12:44 PM.
02-23-2017, 01:06 PM
#19
You are looking at three year old, prior generation model, lower demand Porsches. Paying 75% of sticker for that type of car, even CPO, still seems high to me.
How long have the cars been sitting on their lot? BTW, are these the original asking prices or are these the prices you've negotiated down to already?
How long have the cars been sitting on their lot? BTW, are these the original asking prices or are these the prices you've negotiated down to already?
02-23-2017, 01:14 PM
#20
Instructor
Thread Starter
You are looking at three year old, prior generation model, lower demand Porsches. Paying 75% of sticker for that type of car, even CPO, still seems high to me.
How long have the cars been sitting on their lot? BTW, are these the original asking prices or are these the prices you've negotiated down to already?
How long have the cars been sitting on their lot? BTW, are these the original asking prices or are these the prices you've negotiated down to already?
Original MSRP.
02-23-2017, 03:03 PM
#21
No, I'm asking if the $59.9k is their starting asking price for the car now or if you negotiated them down to that from an even higher number, because Porsche dealer starting asking prices are fantasyland prices out there like bait on a hook trying to catch an unsuspecting fish.
02-23-2017, 03:54 PM
#22
Instructor
Thread Starter
No, I'm asking if the $59.9k is their starting asking price for the car now or if you negotiated them down to that from an even higher number, because Porsche dealer starting asking prices are fantasyland prices out there like bait on a hook trying to catch an unsuspecting fish.
They recently reduced the asking price on the S from $62.5 to $59.9 (shortly after the first of the year). I haven't even begun to negotiate price yet. I'm leaning more towards the Cayman base anyway, which they just dropped the price from the original MSRP ($69,735), which was ridicules, to the current asking price ($51,275).
02-24-2017, 03:45 PM
#23
Instructor
Thread Starter
Just found out why the base Cayman only has 700 miles on it. The owner of the dealership had it at his vacation home and only used it to go back and forth to the dealership when he was there in the summer. In fact, they put 4 new tires on the car in June (N spec Porsche approved Good Year Eagle F1), as the original Pirelli's are apparently prone to flat spotting when sitting for too long in the garage.
02-25-2017, 08:19 PM
#24
Instructor
Thread Starter
I drove the base Cayman today (PDK), with sports chrono, and was surprised at how much I had to depress the gas pedal to get any throttle response. In most cars I've ever driven, including my Range Rover and Audi S4! I just touch the gas pedal and I'm off. This was the first time I ever drove a Porsche. The salesperson said that's how all Porsche's drive. He said the Cayman S would be the same so I didn't even bother driving it. I might be able to get used to it but I honestly didn't care for it.
02-25-2017, 11:31 PM
#25
Rennlist Member
I ended up not having time to test drive the S today, but when I test drove a base earlier this week I didn't feel I had to depress the pedal any differently than on my BMW. In fact, I enjoyed the way the Cayman drove and the throttle response. I was driving a manual not pdk though, but should be the same throttle response. I have not noticed that on any other Porsches I have owned in the past either.
02-26-2017, 06:30 AM
#26
Intermediate
Join Date: Feb 2017
Location: San Francisco, CA 94110
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I'm looking at 2 CPO 2014 Caymans. Which is the better deal and what is a reasonable offer for each?
The first one is a base Cayman. It only has 700 miles on it with no previous owner. It was used as an executive demo vehicle.
BASE Cayman 52,600.00
250 Porsche Doppelkupplungicon (PDK)
345 Steering wheel heating
396 18" Cayman Wheels
446 Wheel center caps with colored Porsche Crest
475 Porsche Active Suspension Managementicon (PASM)
541 Seat ventilation
603 Bi-XenonT headlights incl. Porsche Dynamic Light System (PDLS)
639 Sport Chronoicon Package
680 BOSE® Surround Sound System
686 Sirius XM® Satellite Radio Receiver
748 Power folding side mirrors
A1 Black exterior
AG Black leather interior
P06 Power Sport Seats (14-way) with Memory Package
P9B Premium Package i.c.w. Power Sport Seats (14-way)
XLS Sport Tailpipes
Destination 950.00
Total Original MSRP 69,735.00
The asking price is $51,275.00
The 2nd car is a Cayman S. 7,376 miles. One owner, sold and serviced at this dealer.
Cayman S. 63,800.00
250 Porsche Doppelkupplung (PDK)
423 20" Carrera S Wheels
446 Wheel center caps with colored Porsche Crest
603 Bi-Xenon™ headlights incl. Porsche Dynamic Light System (PDLS)
970 Two-tone leather interior
A1 Black Exterior
BL Leather Interior in Black/Luxor Beige
P06 Power Sport Seats (14-way) with Memory Package
P9B Premium Package i.c.w. Power Sport Seats (14-way)
P9G Infotainment Package (PCMicon Navigation with BOSE® Surround Sound System)
Destination 950.00
Total Original MSRP 79,990.00
The asking price is $59,889.00
The first one is a base Cayman. It only has 700 miles on it with no previous owner. It was used as an executive demo vehicle.
BASE Cayman 52,600.00
250 Porsche Doppelkupplungicon (PDK)
345 Steering wheel heating
396 18" Cayman Wheels
446 Wheel center caps with colored Porsche Crest
475 Porsche Active Suspension Managementicon (PASM)
541 Seat ventilation
603 Bi-XenonT headlights incl. Porsche Dynamic Light System (PDLS)
639 Sport Chronoicon Package
680 BOSE® Surround Sound System
686 Sirius XM® Satellite Radio Receiver
748 Power folding side mirrors
A1 Black exterior
AG Black leather interior
P06 Power Sport Seats (14-way) with Memory Package
P9B Premium Package i.c.w. Power Sport Seats (14-way)
XLS Sport Tailpipes
Destination 950.00
Total Original MSRP 69,735.00
The asking price is $51,275.00
The 2nd car is a Cayman S. 7,376 miles. One owner, sold and serviced at this dealer.
Cayman S. 63,800.00
250 Porsche Doppelkupplung (PDK)
423 20" Carrera S Wheels
446 Wheel center caps with colored Porsche Crest
603 Bi-Xenon™ headlights incl. Porsche Dynamic Light System (PDLS)
970 Two-tone leather interior
A1 Black Exterior
BL Leather Interior in Black/Luxor Beige
P06 Power Sport Seats (14-way) with Memory Package
P9B Premium Package i.c.w. Power Sport Seats (14-way)
P9G Infotainment Package (PCMicon Navigation with BOSE® Surround Sound System)
Destination 950.00
Total Original MSRP 79,990.00
The asking price is $59,889.00
02-27-2017, 03:45 PM
#27
Drifting
I personally found that the sport exhaust on the Cayman to be boomy (boomey?) and annoying.
I'd go with the third option, which is a manual transmission Cayman.
I'd go with the third option, which is a manual transmission Cayman.