991 pricing is out of control right now
08-20-2021, 09:57 PM
#1426
Rennlist Member
unless the market crashes this fall and demand suddenly falls…………then chip marked could come in balance much sooner…….those who can predict the future…..$$$$
08-20-2021, 11:22 PM
#1427
I just missed out on a gorgeous Craigslist 991 C2S cabrio. Car had $140k sticker, 70k miles, clean carfax, and the guy was asking $69k. Seemed like a great deal and while I was a little concerned the higher mileage, I was literally already moving the funds into my bank account before I even saw the car, so that I would be ready to pounce on it. The guy told me over text message that a lot of people were interested in the car, which made me roll my eyes- I've heard that plenty of times only to see the car sit for months on Craigslist (before the chip shortage).
When I spoke with the guy on the phone, I assured him that I am "probably a lot more serious than most of the people who contact you through Craigslist". I was alluding to the fact that some people seem to take up as a hobby wasting sellers' time on Craigslist. The guy gave an awkward laugh, like he didn't know what I was talking about. I figured he was the one who didn't know...how much of a headache it would be to make the sale on Craigslist.
Well... two days later the car was sold. I've never been so disappointed about losing out on a car. I totally underestimated the market we're in.
When I spoke with the guy on the phone, I assured him that I am "probably a lot more serious than most of the people who contact you through Craigslist". I was alluding to the fact that some people seem to take up as a hobby wasting sellers' time on Craigslist. The guy gave an awkward laugh, like he didn't know what I was talking about. I figured he was the one who didn't know...how much of a headache it would be to make the sale on Craigslist.
Well... two days later the car was sold. I've never been so disappointed about losing out on a car. I totally underestimated the market we're in.
08-21-2021, 06:18 PM
#1429
Drifting
I hope this is not a violation of Rennlist rules. I am trying to figure out the value of our 991.2 C2, shown in the pictures above. It has about 11,500 miles on the odo and was purchased in December of 2018. The wheels and tires shown are the Porsche winter tire and wheel set. Just put a new set of Michelin PS4S tires on it, as well as a Numeric short shifter and black steering wheel trim. It has black Soul exhaust tips. Have all the OEM parts. It suffered some cosmetic damage to the front end--including windshield replacement--all of which was beautifully repaired by my dealer's certified Porsche body shop. Any advice you all can give would be greatly appreciated.
God bless,
TT
08-21-2021, 06:34 PM
#1430
Rennlist Member
Dang. That is a nice build. I think the constraint is the damage. I would have said private party is probably $100K, maybe even more right now. But that Carfax is tough as it'll impact the buyer when they try and sell it later, so there's a definitely loss of value there. Without that I'd have said $90K. With it, Not sure.
I was looking at an F150 yesterday and they asked what I was going to do with my 911 C2. I told them I'd probably just sell it since the market is pretty hot. They asked me if I wanted a trade number and I said sure, couldn't hurt. Then they tried to give me a number and they (and the manager of the store) got all sorts of nervous. "We need to make a few calls and check with some folks on this and we don't want to insult you ... "
Everything's turned upside down right now.
I was looking at an F150 yesterday and they asked what I was going to do with my 911 C2. I told them I'd probably just sell it since the market is pretty hot. They asked me if I wanted a trade number and I said sure, couldn't hurt. Then they tried to give me a number and they (and the manager of the store) got all sorts of nervous. "We need to make a few calls and check with some folks on this and we don't want to insult you ... "
Everything's turned upside down right now.
08-21-2021, 07:04 PM
#1431
Drifting
I don't understand the concern about the damage. It was all cosmetic--and relatively minor--and has been beautifully repaired. One cannot tell anything happened to it.
God bless,
TT
God bless,
TT
Last edited by TomTarzian; 08-21-2021 at 11:43 PM.
08-21-2021, 11:59 PM
#1432
Any damage even minor gives hesitation. Damage reduces the value between 0% and 100%, right? If comparing two identical cars where one had some (beautifully repaired) damage, of course you would choose the undamaged car.
This is why diminished value claims are a thing.
This is why diminished value claims are a thing.
08-22-2021, 12:16 AM
#1433
Drifting
Any damage even minor gives hesitation. Damage reduces the value between 0% and 100%, right? If comparing two identical cars where one had some (beautifully repaired) damage, of course you would choose the undamaged car.
This is why diminished value claims are a thing.
This is why diminished value claims are a thing.
God bless,
TT
08-22-2021, 01:15 PM
#1435
Rennlist Member
As soon as the paint gun comes out, there's a hit to the car's value—fair or not. Top dollar buyers want 100% factory paint, and the more of it, the better—with bumpers only getting a mild pass but still raising questions. Those buyers miss a lot of good cars, as one can make the argument that a well repaired car that hasn't been abused mechanically is better than one with all factory paint that's been abused or neglected. Then again, they're willing to pay for what they value. This "rule" does seem to apply more to recent Porsches than older ones. At some point, a complete repaint (or repaints) no longer count against a car—the only question is condition—while the few survivors with 100% factory paint go for multiples or at least significant premiums. Not sure what that crossover point is, in terms of model year/era.
My take? This appears to be a fantastic 911. The 991.2 Carrera 7MT was the first 911 to get me off the fence to order a new 911. Carrera 7MT + PCCB is that much more appealing, and this is a gorgeous color combo. Someone who doesn't mind a little paintwork, and even sees it as a permission slip to enjoy the car without worrying about keeping it 100% factory paint, is going to get a great car.
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8KaboveMSL (08-22-2021)
08-22-2021, 01:21 PM
#1436
^ This is it, in a nutshell.
As soon as the paint gun comes out, there's a hit to the car's value—fair or not. Top dollar buyers want 100% factory paint, and the more of it, the better—with bumpers only getting a mild pass but still raising questions. Those buyers miss a lot of good cars, as one can make the argument that a well repaired car that hasn't been abused mechanically is better than one with all factory paint that's been abused or neglected. Then again, they're willing to pay for what they value. This "rule" does seem to apply more to recent Porsches than older ones. At some point, a complete repaint (or repaints) no longer count against a car—the only question is condition—while the few survivors with 100% factory paint go for multiples or at least significant premiums. Not sure what that crossover point is, in terms of model year/era.
My take? This appears to be a fantastic 911. The 991.2 Carrera 7MT was the first 911 to get me off the fence to order a new 911. Carrera 7MT + PCCB is that much more appealing, and this is a gorgeous color combo. Someone who doesn't mind a little paintwork, and even sees it as a permission slip to enjoy the car without worrying about keeping it 100% factory paint, is going to get a great car.
As soon as the paint gun comes out, there's a hit to the car's value—fair or not. Top dollar buyers want 100% factory paint, and the more of it, the better—with bumpers only getting a mild pass but still raising questions. Those buyers miss a lot of good cars, as one can make the argument that a well repaired car that hasn't been abused mechanically is better than one with all factory paint that's been abused or neglected. Then again, they're willing to pay for what they value. This "rule" does seem to apply more to recent Porsches than older ones. At some point, a complete repaint (or repaints) no longer count against a car—the only question is condition—while the few survivors with 100% factory paint go for multiples or at least significant premiums. Not sure what that crossover point is, in terms of model year/era.
My take? This appears to be a fantastic 911. The 991.2 Carrera 7MT was the first 911 to get me off the fence to order a new 911. Carrera 7MT + PCCB is that much more appealing, and this is a gorgeous color combo. Someone who doesn't mind a little paintwork, and even sees it as a permission slip to enjoy the car without worrying about keeping it 100% factory paint, is going to get a great car.
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T3X4S (08-23-2021)
08-22-2021, 01:32 PM
#1437
Rennlist Member
- No (or very few) over-revs > owner seems like the type to get the oil warm before getting on it and/or owner takes me for a test drive and seems like someone who uses the car but doesn't abuse it > who do I make the check out to?
- Car that has had some paintwork > how bad was it? > was it fixed well? > phew, now I can use the car without worrying about that "milestone"?
- Car that has been sitting to let all seals dry out > how much to fix all that & how much of a premium am I paying for something I am about to erase?
YMMV…
08-22-2021, 01:57 PM
#1438
I know the market is hot, but I expect it would cost me more in the future to replace what I have, so I’m driving and enjoying every shift.it would take something crazy to get me to sell/trade.
08-23-2021, 04:33 PM
#1439
Addict
Rennlist Member
Rennlist Member
