What’s a realistic amount (%) to pay below asking price from a dealer for a CPO 911?
#1
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Thread Starter
What’s a realistic amount (%) to pay below asking price from a dealer for a CPO 911?
Just looking at the online inventory of CPO 911s across the country (through the official Porsche website) and am curious what I can realistically expect to pay below asking price. What kind of margin are they typically working with on CPOs? I would hate to be aiming for an unachievable price.
#3
Rennlist Member
Just looking at the online inventory of CPO 911s across the country (through the official Porsche website) and am curious what I can realistically expect to pay below asking price. What kind of margin are they typically working with on CPOs? I would hate to be aiming for an unachievable price.
#4
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Thread Starter
#5
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It’s an impossible question, and there is not one common answer.
it depends what the dealer has in the car. Did they buy it at auction? Did they trade it? What did they have to pay to make the other side of that deal work?
best you can do imo is understand where the market is for the car you are looking at - year, miles, options - and that is your benchmark.
it depends what the dealer has in the car. Did they buy it at auction? Did they trade it? What did they have to pay to make the other side of that deal work?
best you can do imo is understand where the market is for the car you are looking at - year, miles, options - and that is your benchmark.
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sr5959 (12-12-2019)
#8
Rennlist Member
Do you really think you can get a Porsche dealer go from $100K to $85-$90K? Doubt it... I think my estimate of $$93-$95K would be much more realistic. ($100K just for illustration- not what a car OP is looking for would cost)
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scr1244 (12-13-2019)
#9
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with Porsche dealers (at least up here) the number one determining factor on price and negotiation is how long they have had a car on the lot. It costs them to keep a car. I know a couple of guys that only buy cars from Porsche dealers and they only buy ones that have been on the lot for months and they sell it 6 months later or a year and get what they paid or make profit. They literally keep track of the dealers inventory when few months ahead of buying.
#10
RL Community Team
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#11
All depends how competitively the car is priced. Some dealers price higher hoping for the best, knowing they probably will have to take offers, others price very realistically and will not reduce at all or maybe a tiny amount like $500.
My first 911 was a CPO priced very well, they would go only $500 lower and I put a deposit on it immediately because it was still a bargain.
My first 911 was a CPO priced very well, they would go only $500 lower and I put a deposit on it immediately because it was still a bargain.
#12
with Porsche dealers (at least up here) the number one determining factor on price and negotiation is how long they have had a car on the lot. It costs them to keep a car. I know a couple of guys that only buy cars from Porsche dealers and they only buy ones that have been on the lot for months and they sell it 6 months later or a year and get what they paid or make profit. They literally keep track of the dealers inventory when few months ahead of buying.
So for a car that’s been sitting on their lot for 3-4 months or so, how much off of the ask price are they getting?
#13
Rennlist Member
Look at the costs of what they had to do to get the CPO, My 14k mile car had $4k in stuff done including front rotors, pads all the way around and new tires. Service department charges sales for this stuff as dealerships have separate P/L for each department. Plus they have to pay between $2000-3000 for the CPO cert to Porsche. Yes I now we dont care what they had to pay but they are not going to lose $$ to sell you the car. The dealer should be able to provide you with the service records of what they had to do. Factor that into what you think the real price should be
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HooosierDaddy (12-14-2019)
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Carlo_Carrera (12-12-2019)
#15
Rennlist Member
As a retired new and used car dealer, I am always amazed at how many “authorities “ are out there...... The original tread(question) cannot be answered.