I'll take $8,500 from a Rennlister. I paid $11,000 3 months ago.
#46
As soon as you sit down, most dealers ask if you are trading anything in. Why do you think that is?
Once I negotiated a deal with a dealer and then told him that I have trade it. His reaction was, "why didn't you tell me this first?". MY smart a$$ reply way..."why... does it really matter?" Right after this, the deal fell apart.
I would be AMAZED if a dealer offer $7 on 23 year 928. They can move the numbers around so it looks like the trade-in is $7, but you will never know unless you do what I did.
Once I negotiated a deal with a dealer and then told him that I have trade it. His reaction was, "why didn't you tell me this first?". MY smart a$$ reply way..."why... does it really matter?" Right after this, the deal fell apart.
I would be AMAZED if a dealer offer $7 on 23 year 928. They can move the numbers around so it looks like the trade-in is $7, but you will never know unless you do what I did.
#47
Chronic Tool Dropper
Lifetime Rennlist
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Many years ago, a neighbor 'traded in' her car for a new one. My grandmother needed a reliable driver, so I asked the neighbor what the dealer had given here in trade-in allowance. We called the dealer right back, and I offered them 25% less that that number, in cash. Dealer was all over that. Neighbor was not thrilled when she realized what had happened. My grandmother loved the car, and drove it for another 10 years or so until she passed away. I sold it to a co-worker for about what I paid for it. By then it was a really low-mileage perfect example of a mid-years Ford Fairmont. Somebody's dream car I'm sure.
A neighbor recenttly replaced her six year old, 70k mile SL550, traded it in for a new one at the dealer. I'd mentioned to her several times that I was interested in it when she got tired of it, but I was travelling when she got the urge. They gave her $16k allowance for it. Ouch!
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Hopefully the 996 will be a better experience than the 928 was for norcoastal. But a used car is still a used car, and only different stuff will happen. Yeah, I'd like to have a TT as another toy, or just a NA 997C4. Or a Cayenne GTS or Turbo, or a Panamera. A new-car warranty would be nice too, as would the huge financial windfall needed to move a $100k+ car purchase down deeper into my financial noise area. I learned to work on 'my' Porsches as a teenager with a 356, through '70s and '80s 911's and on to the 928. A 997 couldn't be that tough, right?
A neighbor recenttly replaced her six year old, 70k mile SL550, traded it in for a new one at the dealer. I'd mentioned to her several times that I was interested in it when she got tired of it, but I was travelling when she got the urge. They gave her $16k allowance for it. Ouch!
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Hopefully the 996 will be a better experience than the 928 was for norcoastal. But a used car is still a used car, and only different stuff will happen. Yeah, I'd like to have a TT as another toy, or just a NA 997C4. Or a Cayenne GTS or Turbo, or a Panamera. A new-car warranty would be nice too, as would the huge financial windfall needed to move a $100k+ car purchase down deeper into my financial noise area. I learned to work on 'my' Porsches as a teenager with a 356, through '70s and '80s 911's and on to the 928. A 997 couldn't be that tough, right?
#48
Addict
Rennlist Member
Rennlist Member
The key advantage with the 996 is the fact that there are many more mechanics which will be able to work on it. A mechanic won't have to throw parts at the car trying to figure out what is causing the problem and you won't have to drive far to find a good mechanic.
There are some advantages to trading a car in instead of selling it. What immediately comes to mine is the tax benefit, although minor in this case, the hassle of waiting to arrange shipping, paperwork or the risk of an unhappy buyer. The last one is very important when you consider that this car had some known issues.
There are some advantages to trading a car in instead of selling it. What immediately comes to mine is the tax benefit, although minor in this case, the hassle of waiting to arrange shipping, paperwork or the risk of an unhappy buyer. The last one is very important when you consider that this car had some known issues.
#49
Captain Obvious
Super User
Super User
......................There are some advantages to trading a car in instead of selling it. What immediately comes to mine is the tax benefit, although minor in this case, the hassle of waiting to arrange shipping, paperwork or the risk of an unhappy buyer............
#50
Rennlist Member
Plus, any buyer from Rennlist would be well aware of the issues. So expectations wouldn't be a problem. From his posts on the 996 forum, he (and others) believe that he got a really good price on the 996. I'd be suspicious of the car (especially with the non-OE front end and side skirts.) I guess I've been around the block too many times with used car dealers to trust them.
Last edited by EspritS4s; 11-26-2010 at 05:14 PM.
#51
Chronic Tool Dropper
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Lifetime Rennlist
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#52
Rennlist Member
The tax advantage in this state (CO) is that you only pay sales tax on the difference between the price paid and the trade in allowance. Otherwise, if you sell the trade to someone else for the trade in allowance and then buy the other car, you pay sales tax on the full purchase price. Jerry
#53
Race Car
The tax advantage in this state (CO) is that you only pay sales tax on the difference between the price paid and the trade in allowance. Otherwise, if you sell the trade to someone else for the trade in allowance and then buy the other car, you pay sales tax on the full purchase price. Jerry
#55
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The most that ANY auto dealer is going to put in a car is wholesale what they can take it to an auction and sell it for the next day. Most new car stores the new car dept and used car are separate profit centers so the used car manager wants to steal the cars so HIS department makes more profit. Once the deal is done the used car manager "owns" the trade. On many unusual cars the used car manger will call and get bids for the car from wholsalers /specialized retailers who "buy" the trade BEFORE he takes it in thus limiting his risk and still makes a few bucks profit. If the used car manager gets the car he can still try to sell it for more money before he gives it to the wholesaler who made the first offer.... and make a few more $$$. And yes there is always a bit of fluff in any dealers "asking Price" The insurance companies when trying to determine ACV actual cash value for a claim typically deduct 20-25 % from the dealer asking price...New car stores have 15-22% markup built into the sticker prices before year end factory rebates and bonus. The salesman you deal with gets paid commision on the "profit" of the sale so is very interested in making as much profit as possible, if he can convince you to take less for your car in trade....the more he makes. On many used car lots there is no actual selling price just a coded number telling the salesman the MINIMUM price he must get and HE decides where to go from there. And no matter how much you offer for a car......they are going to ask for more just to see if they can get it ! If you ever THINK the salesman is working hard to get you a deal......RUN AS FAST AND AS FAR as you can
#56
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Join Date: Feb 2008
Location: Lillington, NC
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Just took our 72k mile '07 ELX Odyssey in to see about a new '11 Touring Odyssey. They offered $15.9k at first, then $17.6k after I said no. They never offered to take any off the sticker price. Needless to say we still drive our '07 Odyssey, hell it's paid for anyway and we really don't want another car payment.
Last edited by cold_beer839; 11-26-2010 at 09:33 PM.
#57
Rennlist Member
If he stays up-to-date on the 996 and does some preventative work like Shark Attack by using the LN Eng. IMS Bearing replacement, he should be fine and have a car he can enjoy.
Also, there are some 996's that use a diiferent motor
Also, there are some 996's that use a diiferent motor
#58
Rennlist Member
He's right now discussing wheel change and spoiler additions.
Don't see him pulling the engine anytime soon for anything mechanical.
Doubt there was a PPI.
Sounds like Steve's in his comfort zone now with the car hobby.
Don't see him pulling the engine anytime soon for anything mechanical.
Doubt there was a PPI.
Sounds like Steve's in his comfort zone now with the car hobby.
#59
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Join Date: Sep 2010
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Well it doesn't make any sense to me. He's struggled for a while with rough running issues, and when he's finally taken it in to be properly fixed he sells the car. How on earth can that make financial sense? Why be in such a desperate rush to get rid of it that you sell it at a $4k loss?
#60
Race Car
Well it doesn't make any sense to me. He's struggled for a while with rough running issues, and when he's finally taken it in to be properly fixed he sells the car. How on earth can that make financial sense? Why be in such a desperate rush to get rid of it that you sell it at a $4k loss?
If you're not upside down in either time or money on one of these cars then you probably bought it from a former owner who was upside down...and that really goes for darn near any car...