Where do dealer appraisal number$ come from?
#1
Rennlist Member
Thread Starter
Where do dealer appraisal number$ come from?
I've been to two different (Porsche) dealers this week for an appraisal on my car and they both came back with exactly the same number.
Coincidence? Or are all dealers using the same piece of software to come up with the same number?
I have a few more dealers local to me - is it a waste of time asking them as well?
Coincidence? Or are all dealers using the same piece of software to come up with the same number?
I have a few more dealers local to me - is it a waste of time asking them as well?
Last edited by spiderv6; 08-24-2018 at 06:47 PM.
#4
Rennlist Member
Was the number in the ball park of what you were expecting? Low? High?
#6
If a non-Porsche dealer..without question everyone uses MMR from Manheim...A Porsche dealer has a different market to dispose of the car...they are most likely not just sending it to the auction...They will have a clearer understanding of the value of options and color. The Black Book is still published, but subscribership has plummeted. Though it is convenient to have a print version for your pocket, I know no one who still subscribes. I am certain some still does, but they sell them at the auctions and I pick one up every 6 weeks...not only is the data instantaneous on MMR, but I can look at the subject vehicles....just the basics, but color, miles and manual/automatic (its the best they can do for PDK) it gives me a clearer picture.
#7
Race Director
Originally Posted by spiderv6
I've been to two different (Porsche) dealers this week for an appraisal on my car and they both came back with exactly the same number.
Coincidence? Or are all dealers using the same piece of software to come up with the same number?
I have a few more dealers local to me - is it a waste of time asking them as well?
Coincidence? Or are all dealers using the same piece of software to come up with the same number?
I have a few more dealers local to me - is it a waste of time asking them as well?
An outright sale without a trade-in on another car?
Porsche dealers tend to be very LOW on the $$ scale. Many high end indy dealers usually pay more $$.
Regardless, worth shopping around. Even with Porsche dealers.
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#8
Rennlist Member
irrespective of which data they use, the offer you can get vary in my experience by approximately 10 %
depends on many factors,
dealer inventory of vehicle you are selling, so are they going to keep it or dump at auction
GM's philosophy on making fair deals or always go for the jugular etc
so I think it pays to check with couple of other dealers
depends on many factors,
dealer inventory of vehicle you are selling, so are they going to keep it or dump at auction
GM's philosophy on making fair deals or always go for the jugular etc
so I think it pays to check with couple of other dealers
#9
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Every Wednesday Porsche dealers are able to bid on other P-cars at other dealers so they tend to know what they will sell for that way, or very close. They can also buy from other dealers as well for clients that are on SA wish lists.
#10
I use a program called v auto, it uses all of the books, kbb, nada kelly, manheim and compares to like vehicles that are currently for sale. This program gives me all this info plus a car fax all within a few seconds of imputting the vin and miles. We all know that it is important to look at the retail market to get a realistic wholesale number because it can swing plus or minus of the books accordingly.
#11
I recently sold my 991.1 carrera with 62k miles.
i was asking 49500 on rennlist
porsche offered me 43500
carmax (surprisingly) offered me 42500
i sold it to a mercedes dealer for 50k.
i was asking 49500 on rennlist
porsche offered me 43500
carmax (surprisingly) offered me 42500
i sold it to a mercedes dealer for 50k.
#12
I recently sold my 2015 981 Cayman S, which had remaining CPO Warranty until 12/2020.
3 SoCal Porsche dealers all offered $44,000-$45,000.
Carmax offered $47,000.
I sold car in 10-days on Autotrader for $53,000.
3 SoCal Porsche dealers all offered $44,000-$45,000.
Carmax offered $47,000.
I sold car in 10-days on Autotrader for $53,000.
#13
Rennlist Member
If not, makes perfect sense to sell private party.
If getting a new one, the trade value, while low, has to include the value of the taxes you wouldn't be paying, which, on an expensive car, can add up quickly. $7K easily, more in a high tax state.
So taking the lowball trade can make sense in some circumstances.
#14
With those numbers, then, it would depend on whether you were getting a new car.
If not, makes perfect sense to sell private party.
If getting a new one, the trade value, while low, has to include the value of the taxes you wouldn't be paying, which, on an expensive car, can add up quickly. $7K easily, more in a high tax state.
So taking the lowball trade can make sense in some circumstances.
If not, makes perfect sense to sell private party.
If getting a new one, the trade value, while low, has to include the value of the taxes you wouldn't be paying, which, on an expensive car, can add up quickly. $7K easily, more in a high tax state.
So taking the lowball trade can make sense in some circumstances.
#15
With those numbers, then, it would depend on whether you were getting a new car.
If not, makes perfect sense to sell private party.
If getting a new one, the trade value, while low, has to include the value of the taxes you wouldn't be paying, which, on an expensive car, can add up quickly. $7K easily, more in a high tax state.
So taking the lowball trade can make sense in some circumstances.
If not, makes perfect sense to sell private party.
If getting a new one, the trade value, while low, has to include the value of the taxes you wouldn't be paying, which, on an expensive car, can add up quickly. $7K easily, more in a high tax state.
So taking the lowball trade can make sense in some circumstances.