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A friend is considering selling his car. 1991 911 Carrera 4 Cabriolet, 39,000 miles. 2 owners, triple black, always garage kept, A/C, power windows/locks, ABS, dual airbags. The only work he knows about are the motors for the cab top. Everything else is original to his knowledge. He bought it 15 years ago when it had 29,000 miles. VIN: WP0CB2963MS461374
A dealer is looking to give him $40k and will net him about $44k on tax savings for a trade-in (the good man is looking to stay in the P-car fam
Now for the advice part: will he regret selling it, lol? He needs more space, so looking at Panamera and Cayenne. I have driven a Cayenne GTS, and the GTS was the only model I would buy personally. I guess I could say that same about the base Panamera or any base Porsche for that matter, even though I drive a base 996 and love it.
I would tell your friend to NOT trade in his low mileage all original air cooled 911. The dealer is offering him about $4K below market (I'm assuming this car is in exceptionally well maintained original condition given the low miles).
Now to answer your question; I do think he will regret selling it. Here's why: The new Cayenne or Panamera will depreciate several thousand dollars over the next 2-3 years (I'm assuming he's buying used...if he's buying new, then he will see either car depreciate 40% over the next two years).
At the same time, his '91 964 will likely have an average appreciation over this same time period of ~3% YOY which equals about $4K.
Keep the 964 (enjoy it on sunny days and let it appreciate over time) and purchase a 3-5 year old Panamera or Cayenne CPO vehicle (knowing you are loosing money each year like you would with any other production vehicle - putting aside limited production models like the Turbo S, GTS, GT3, etc).
I would tell your friend to NOT trade in his low mileage all original air cooled 911. The dealer is offering him about $4K below market (I'm assuming this car is in exceptionally well maintained original condition given the low miles).
Now to answer your question; I do think he will regret selling it. Here's why: The new Cayenne or Panamera will depreciate several thousand dollars over the next 2-3 years (I'm assuming he's buying used...if he's buying new, then he will see either car depreciate 40% over the next two years).
At the same time, his '91 964 will likely have an average appreciation over this same time period of ~3% YOY which equals about $4K.
Keep the 964 (enjoy it on sunny days and let it appreciate over time) and purchase a 3-5 year old Panamera or Cayenne CPO vehicle (knowing you are loosing money each year like you would with any other production vehicle - putting aside limited production models like the Turbo S, GTS, GT3, etc).
4k below value?, i don't think so, specially it being a cabriolet if he's netting $44,000 thats a great price for a quick dealer transaction..either way the dealer does need to have some room to make money in the end.
So OP, if $44,000 is the offer, i'd say your friend is getting a very fair deal specially from a dealer on a cabriolet C4
...Now for the advice part: will he regret selling it, lol? He needs more space, so looking at Panamera and Cayenne...
10,000 miles in 15 years? Ask him this, "does he regret not driving it more in the past 15 years?" Probably not.
If he was considering another 911, then maybe. Next chapter...
I would tell your friend to NOT trade in his low mileage all original air cooled 911. The dealer is offering him about $4K below market (I'm assuming this car is in exceptionally well maintained original condition given the low miles).
Now to answer your question; I do think he will regret selling it. Here's why: The new Cayenne or Panamera will depreciate several thousand dollars over the next 2-3 years (I'm assuming he's buying used...if he's buying new, then he will see either car depreciate 40% over the next two years).
At the same time, his '91 964 will likely have an average appreciation over this same time period of ~3% YOY which equals about $4K.
Keep the 964 (enjoy it on sunny days and let it appreciate over time) and purchase a 3-5 year old Panamera or Cayenne CPO vehicle (knowing you are loosing money each year like you would with any other production vehicle - putting aside limited production models like the Turbo S, GTS, GT3, etc).
04-17-2018, 06:47 PM
Evaluation and advice needed on 91 C4 Cab
