bobinbuff

Would anyone care to post on the prices they have bought or sold their 964's in the recent past. I realize its a recession and winter but the difference between what Excellence magazine values 964's in this months feature and what I have been offered for my car as a tradein on a newer car is mind numbing. Are these cars really worth less than 85-88 911's? Or is there no market for used sports cars currently?

a3holerman

Hi,

Well first off dealers always lowball tradeins. The market is way off and prices have fallen quite a bit but not below 88 prices. I just bought a 91 C2 cab with 52k miles on E-Bay for 25k. I have seen them for less but with quite a bit more miles. mid to upper twenties seems to be the market for C2,s with C4,s bringing somewhat more.

Tom

GeoC2cab

High,
Just from knowing the car I have, if anyone can pick a C2/4 up for mid to upper twentys for a nice model, u are absolutly insane not to if u have the means; on the same hand u should have ur head examined if u let ur good C2/4 go for mid-upper twentys.

MelissaM

Bob,

My guess would be that the market for used sports cars is limited at best.

My gut feeling is that if I absolutely HAD to get rid of my car within a month, I'd be looking at low to mid $20k. It's a '90 C2 Cab with about 87k miles, no updates to flywheel or head gaskets, good to excellent condition. (Definitely not a concourse winner, but great for a daily driver.)

I've watched cars advertised in dealer's lots, and they've sat & sat & sat for months. This isn't just 964's, but 993's as well.

Frankly, to me, my car's worth $30k. But I know in my heart that I couldn't get that price for my car.

This probably isn't very helpful -- hopefully someone who's bought or sold recently will speak up!

-- Melissa

PS Anyone who's always wanted a 911 -- now's the time to buy!!

rich beebe

this may not be a direct indicator of the 964 market, but a few months ago i bought my 93 RS America, with 29K miles and in very, very clean condition, for $34K. i was able to buy it from a friend and i was offered a price well below what he wanted otherwise. the high end/sports car market has gotten even worse since then, but i still wouldn't sell this car for less than $40K. as a matter of fact, the NADA loan value (what banks use) is just below $41K on this car. that's what they think they can get for the car. i realize the RSA market is a bit different. some people think there is only so much added value in an RS America, while others believe they are worth a good bit more. i know someone who told me that they had recently turned down $63K for 1 of the 4 fly yellow RS Americas.

if it were me, i would not sell under these conditions, unless i was moving into something that was taking advantage of the same market conditions. if you're able to, this is a terrific time to buy though.

a local friend of mine also just picked up a beautiful red/black 96 C4S, with 14K miles and perfect condition, for $48.5K. we see them everyday for $57-60K with higher mileage. he got a great deal and the car was literally less than an hour from his house.

Bill Gregory

You can always check the Kelly Blue Book, www.kbb.com , to see what they call the trade in value. As others have mentioned, you'll always get less trading it in, as opposed to selling it yourself. On the Kelly Blue Book site, they also have private party pricing, which takes some dealer markup out of the picture, and may be a bit more realistic to what you might get in the open market.

Young_Turk

1990 C4 Cab, 90K in Ohio $21,000.
No flywheel, gaskets, excellent condition.

I think the price can really depend on what motivates the seller, in my case he just got tired of this car, he always wanted a Porsche, winter was approaching.

Do your homework, don't jump, you will find value.

The drive back from Ohio to Charleston was...well what can I say.

Young_Turk

Oh by the way, I forgot to mention. I purchased the car last month.

MonkeyBoy

Paid 24K for my 90 C4 cabriolet with 27K miles on it a year and a half ago. It was a theft recovery, but has been running great and is in excellent shape. Now has about 60K on it.

lear60man

I bought my 91 Cab about 2 months ago. No accidents, new top and boot. All engine/flywheel/dist. updates including complete engine rebuild by Porsche dealer at 90K miles. Car has 126,000 now. I Paid $22 here in So. Cal. The miles don't scare me for 2 reasons: my old SC had almost 200k on the clock and 2: I would rather have a high milage car with ALL recipts from a Porsche dealer than a car without a documented history. That is my opinion and I'm sticking to it.

John K

Paid $26k three months ago. 92 C2 coupe, 60K miles in excellent condition. Dist. vent, no leaks, updated flywheel from the factory, 17" wheels and new tires and brakes, all service records from local Porshce dealer. I thought it was a steal (to me it still was) but the market has dropped even further. This is definitely the time to buy if possible.

Bill Wagner

bobinbuff:

Go to the following two sites to get estimates for both a trade-in and regular sales price for your car:
www.kbb.com (I know...it's already been mentioned), and www.edmunds.com

The market is BAD for sellers now for several reasons:

1. Because of the economy, dealers are moving cars by letting them go at very, very low prices and/or low (even 0%) financing (although I've never seen that at a Porsche dealership...but then again, I haven't been looking).

2. Item 1. above has caused a GLUT of used cars, so trade-ins values are at a low. You'll get BOTTOM dollar for your car if you trade it in. Dealerships have to make up for the low sales and prices they charge for new models somewhere.

3. With winter approaching, even if we weren't in a recession, you would still be getting lower than normal offers for your car. Winter is a good time to buy a sports car, but it isn't a good time to sell one.

Hope this helps,

Bill Wagner

MikeF

I am always amazed at the incredible deals that are consistently referenced on this and other boards. You would think that ultra low mileage, ultra low-priced cars are a dime a dozen. I noticed this long before the economy dipped. Don't torment yourself by trying to match these deals...I suspect most are pure fiction (not all...but most).

Do a search, you'll find numerous boasts about the 13,000 mile 89 I just bought for $19K. Or the 15,000 mile 993 that I snagged for $38K for example...there aren't that many damned fools out there.

The market is soft...don't trade your car in...you'll get screwed. Run some ads and be patient if you can. Remember, cars are lousy investments...Porsche's too. Get the right car...price should be secondary. A few thousand either way, in the long run, is a small price to pay for getting exactly what you want.

Just my humble opinion. Let the flames begin.

JeremyW964

April of 2001
1990 C2 Targa
$22,000
72,000 miles, Baltic blue
Updated flywheel, distributer vent, all records, 17" OZ Racing wheels. Excellent condition. $800 for power steering pump gasket, and cam cover gaskets. Now no oil leaks.

Berkley

I sold a mint 1991 964 C2 tip coupe with 29,000 miles for $31,500.... it was completely sorted out.... had higher offers, but I elected to take this offer because of the buyer's demonstrated ability to close in a timely fashion...