Latest GTS Trade In Value Is Shocking!
02-09-2018, 09:09 AM
#61
Pro
Thread Starter
Originally Posted by -Ryan-
That was my experience 6 months ago at the dealer. I'll see what he says now about this!
As I see it:
>100 Sell
< 95 Hold
95-100 = Gray Zone
02-09-2018, 11:02 AM
#62
Race Director
When I sold my 2012 GTS (997) I noticed that the GTS only matter to enthusiast ...most guys that "just want a 911 Porsche...dont really know or care....however I do and buy GTS models....until I can get a GT3.
02-10-2018, 02:12 PM
#63
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Unfortunately, the market for n/a is a niche. The mainstream do not care as much as the die hard enthusiasts.
Hence, the pricing of these cars is dependent on what auctions are bringing in.
If you do a search as to what your cars are fetching retail. Take all the numbers, find the average, subtract $10k - that is the wholesale pricing (+/- 3k)
Hence, the pricing of these cars is dependent on what auctions are bringing in.
If you do a search as to what your cars are fetching retail. Take all the numbers, find the average, subtract $10k - that is the wholesale pricing (+/- 3k)
02-10-2018, 02:31 PM
#64
Unfortunately, the market for n/a is a niche. The mainstream do not care as much as the die hard enthusiasts.
Hence, the pricing of these cars is dependent on what auctions are bringing in.
If you do a search as to what your cars are fetching retail. Take all the numbers, find the average, subtract $10k - that is the wholesale pricing (+/- 3k)
Hence, the pricing of these cars is dependent on what auctions are bringing in.
If you do a search as to what your cars are fetching retail. Take all the numbers, find the average, subtract $10k - that is the wholesale pricing (+/- 3k)
I agree with others about KBB prices being inflated. Unless the dealer is going to retail your car, he's going to call to get its auction price, and then deduct a few hundred dollars from that price for his troubles. Moreover even if the dealer retails your car, he's going to try to buy it for the lowest possible price, just like we do when we buy a car.
The GTS from my perspective is one of the finest sports cars that you can buy. By far the best financial course of action is to keep the car for at least six years, preferably longer, and then you have a great car that doesn't cost that much when you spread the depreciation over six or more years.The worst case is to sell every three years or less. You just have to check out the leasing price for a GTS to see how expensive that can be.
02-10-2018, 02:52 PM
#65
I recently thought about selling or trading my GTS Coupe based on the current Trade In Values I saw on KBB ranging from 95K - 101K.
The MSRP of my car was 133K and it was purchased new for 122K. I felt if I got 100K after 19 Months And 20,000 Miles, it would be a good deal, particularly since I shared this car with my dad and he chipped in 5K, my net cost was $117k. Even the low end of KBB would be a good deal on a trade to offset the tax difference.
As of this past Friday and Saturday:
CarMax Offer = 81K
BMW Dealer against trade for X1 = "Mid 80's"
I was expecting KBB values and completely shocked at the values that they came back with.
Especially with all the talk about the GTS being special.
I ended up leasing the X1 and just keeping the GTS for now at least for the spring and summer and then reevaluate the market.
Anyone with similar experiences?
Anyone know the current auction values?
That was the lowest lowball number I have seen especially since I see these at asking prices around $110+ online.
Wanted to share and get your feedback!
The MSRP of my car was 133K and it was purchased new for 122K. I felt if I got 100K after 19 Months And 20,000 Miles, it would be a good deal, particularly since I shared this car with my dad and he chipped in 5K, my net cost was $117k. Even the low end of KBB would be a good deal on a trade to offset the tax difference.
As of this past Friday and Saturday:
CarMax Offer = 81K
BMW Dealer against trade for X1 = "Mid 80's"
I was expecting KBB values and completely shocked at the values that they came back with.
Especially with all the talk about the GTS being special.
I ended up leasing the X1 and just keeping the GTS for now at least for the spring and summer and then reevaluate the market.
Anyone with similar experiences?
Anyone know the current auction values?
That was the lowest lowball number I have seen especially since I see these at asking prices around $110+ online.
Wanted to share and get your feedback!
02-12-2018, 11:09 PM
#66
If you don’t like wasting money, NEVER trade your car into a dealer, unless you live in a state that offers huge tax incentives. I sold my Macan for $10K more than a dealer offered me. And that was on a $50somethingK car. 991.1 GTS prices have been holding very strong, and will likely continue to hold strong into the future.
That dealer that offered you $80whateverK will list it for $100+K.
That dealer that offered you $80whateverK will list it for $100+K.
02-12-2018, 11:47 PM
#67
Rennlist Member
I sell my cars on consignment. The consignment dealer tells me how much he thinks the car is worth and how much his fee is. I found this to be the best option if you have the pink slip, have time to sell the car, and don't want to deal with private bottom dwellers. May not make as much as a private sale but I don't have headaches and don't feel being cheated if I was doing a trade in.
02-13-2018, 02:49 PM
#68
To repeat what's been said, to a dealer, your car, as a trade, is only worth the auction price. Any dealer.
The reason for that is the dealer profit is tied to your car. He makes nothing until he sells your car. And if he needs immediate cash, he has to turn your car to cash ASAP and the auction is where he can do that.
If you need to sell your car to a dealer, normally, your best bet is selling it to a dealer who sells that brand. But even that possibility will depend on what the dealer inventory looks like. If the dealer offers below auction price, he does not want your car.
If you decide to sell your car yourself, remember, examine the prices of your competition. Research prices for the years around your cars age on the usual websites, Autotrader, CARS.com, etc., then, price accordingly.
Do not reject Craigslist.as a place to sell. It's free and you will get lots more responses from Craigslist than the others. Yes, you'll get people looking to get it for a low price; but, you'll also get serious buyers. Learn how to say no in a respectful manner and just keep moving. And welcome to the world of car sales. Will you measure up?
Good luck with it!
The reason for that is the dealer profit is tied to your car. He makes nothing until he sells your car. And if he needs immediate cash, he has to turn your car to cash ASAP and the auction is where he can do that.
If you need to sell your car to a dealer, normally, your best bet is selling it to a dealer who sells that brand. But even that possibility will depend on what the dealer inventory looks like. If the dealer offers below auction price, he does not want your car.
If you decide to sell your car yourself, remember, examine the prices of your competition. Research prices for the years around your cars age on the usual websites, Autotrader, CARS.com, etc., then, price accordingly.
Do not reject Craigslist.as a place to sell. It's free and you will get lots more responses from Craigslist than the others. Yes, you'll get people looking to get it for a low price; but, you'll also get serious buyers. Learn how to say no in a respectful manner and just keep moving. And welcome to the world of car sales. Will you measure up?
Good luck with it!
02-13-2018, 02:57 PM
#69
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I worry about the net difference on these transactions. Low ball me on my car but sell yours at wholesale and I'm good. If you're charging me retail then better step up your offer on mine.
02-21-2018, 08:56 PM
#70
Pro
Thread Starter
Latest Update for those keeping track of values:
Real life data point:
2016 GTS Coupe MSRP $133,070
Purchased new for $122,000 including 2yr Maintenance on 6/20/2016.
Sold to a Porsche Dealer (not the selling dealer) with No Trade by one email and a few pictures only.
Date of Sale = 2/17/2018
20 Months and 20,500 Miles Later.
Sale Price = $101,000
This was in my 6 figure threshold to sell, so I decided to part with the vehicle, although I did have second thoughts about keeping it since the value apparently holds very well.
In any event I'll save:
$911/Month on Car Loan. (Intentional $)
$236/Month on Insurance.
$420/Month on Parking (when in NY)
So as I figure the savings add up since I anticipate diminishing usage this year. I also have a potential tax credit available for 6 months possibly longer, in the event I stick with another Porsche.
I still have a bucket list to fill in the future:
NSX, Ferrari, & Lamborghini.
Let's see how long before I need to scratch the itch
I think that I got a very good deal.
Thanks everyone for participating and providing your input and I hope this helps others to gauge the value of their vehicles!
Real life data point:
2016 GTS Coupe MSRP $133,070
Purchased new for $122,000 including 2yr Maintenance on 6/20/2016.
Sold to a Porsche Dealer (not the selling dealer) with No Trade by one email and a few pictures only.
Date of Sale = 2/17/2018
20 Months and 20,500 Miles Later.
Sale Price = $101,000
This was in my 6 figure threshold to sell, so I decided to part with the vehicle, although I did have second thoughts about keeping it since the value apparently holds very well.
In any event I'll save:
$911/Month on Car Loan. (Intentional $)
$236/Month on Insurance.
$420/Month on Parking (when in NY)
So as I figure the savings add up since I anticipate diminishing usage this year. I also have a potential tax credit available for 6 months possibly longer, in the event I stick with another Porsche.
I still have a bucket list to fill in the future:
NSX, Ferrari, & Lamborghini.
Let's see how long before I need to scratch the itch
I think that I got a very good deal.
Thanks everyone for participating and providing your input and I hope this helps others to gauge the value of their vehicles!
02-21-2018, 09:53 PM
#73
Rennlist Member
02-21-2018, 10:18 PM
#75
Pro
This often gets overlooked when people are selling a car and calculating their loss. The purchase price is whatever they paid +/- 10% in high tax states. I think the bump on a new car purchase in CA is around 13%, but I try to not look at it for fear of entering a deep state of discontent about how little my tax dollars get me in this state.