sschlief

I took my 2020 C2S in for it's annual service only to receive an unsolicited offer from the dealer to buy it back. Thought about it, negotiated a little, and decided to take advantage of the ridiculous used car pricing out there right now. Mine was a fairly loaded C2S that I paid $154k for. Almost two years old, just under 11k miles and they bought it from me for $150K. Currently listed for sale by the dealership for $175k. I've had a 911 in my garage for over 20 years (the 992 being my fourth) but the offer was too good to be true. My thoughts are wait until supply issues get better, configure another, and begin the cycle of anticipation once again. Sad looking at the empty slot in the garage but it will be refilled at some point in the future.

How many others have looked temptation squarely in the eyes and said yes or no? We've heard the stories of unrealistic used car pricing but I've experienced it, and it's true....

Tobeit

I did the opposite. Could not resist the trade-in I got for my AMG (4 years old, 35k miles) in exchange for a "reasonable" priced 2020 with 10k miles on it and most of the options I wanted to order anyway. I guess the market adjustments were offsetting between trade-in and new car...but I did not have to wait for my allocation.

drcollie

Without question, it's GREAT to sell a car right now. Probably a once-in-a-lifetime event for those vehicles that are not in super-collectible ranges such as '57 300SL's or 356 Speedsters, etc. I think part of what comes into play is how much you like your current ride, and how old you might be. I'm 67 years old and don't plan to sell my 2021 992S Cab because I might be in my 70's before another becomes available at "regular" prices (if there is such a thing anymore). If I were in my 30's or 40's, I probably would sell it and take advantage of the prices today, because I can afford to wait at that age to get something even better in a few years.

Time is the one thing you can never get back.

detansinn

I traded in my 2020 C4S with 35k miles. The experience was practically free thanks to the near zero depreciation of these cars right now.

In exchange, I got a very nicely equipped 2022 Taycan 4S that was sitting in Emden. Took delivery a little more than a week ago and it’s been awesome.

brainzito

This "strategy" works really well mainly if you bought your car in 2020/early 2021, at a discount or at MSRP.
This past weekend, I got offered $5k below MSRP on my 2021 992 with 5k miles.
FWIW, while good, it isn't that good as your examples.

politeperson

I have a solution for existing 992 owners wanting to keep it fresh.

It is taking ages to obtain delivery of a new 992 in the UK.

By the time your new car is ready, your existing car will be quite old. So its easy.

Simple, go and buy a new one! Just walk into the showroom tomorrow and do it.

Do not offer a part exchange. Just make sure your deposit receipt has the price on it, not MRRP.

1) Walk into Porsche, pick you color and spec. Stick £5k down. I was thinking of a GT silver Targa S with a manual gearbox and no options. Maybe gold wheels. Cloth manual seats definitely.

2) Continue to drive your existing 992 and enjoy everyday. Dont think about the new car.

3) Receive a call at some random time in the future from Porsche to say your car will be ready in 2 weeks. Might be in 6 months, might be in 2 years. Don't worry about production shenanigans delays.

4) Then, and only then, think about what to do with the old 992. Dont worry, their will be loads of OPTIONS for you. You will also have plenty of equity. Why? because it is a 911, the lowest depreciating car on the planet.

5) Finally, pay for your new car! Goodbye old car. Maybe Porsche will buy it, We By any Car will buy it or a private purchaser will buy it. They all will want it.

Simple. No 911 deprivation.

detansinn

Yes, those of us who paid below MSRP back in 2019 can do especially well.
If you paid ADM, you're not going to see that money on a trade or sell back situation with the dealer.

ipse dixit

Honestly, all of this sort of makes my head hurt.

Trade it now, but only if you bought below MSRP.
Don't trade it in now, but order a car and wait.
Trade it now, and get something else.

Oooph. Dunno, about anyone else, but I buy cars to drive them, not to make money. Just makes life simpler.

Yes, I know, it's no doubt a "me" problem.

Kurac

I got a small 3.2% discount on my June 2021 delivery. I still visit the configurator at times and spec out a different trim but I would not be getting any type of discount at this time and as others had mentioned, who knows when I'd get the car. I'm 45 and buying a new 911 has always been a dream. I'll only sell this one if allocations are readily available with no ADM.

detansinn

In many states within the US, you only pay sales tax on the delta between your trade and the new car.

A trade-in, or even a pre-trade (if you don't need the car), can save you as much in sales tax on the new car as the additional dollars you might see from a private sale. This savings is particularly impactful when you're dealing with cars in the six figures.

If you're just selling the car back to the dealer, you miss out on that opportunity to save a few thousand dollars in sales tax when you get your next car.

detansinn

I'm with @ipse dixit . We live in the same world.

Jimmy-D

I have been offered $50,000 over MSRP for my soon to deliver GTS Cabrio.

Insurance Company valuing car $42,000 over MSRP.

No way am I selling. I am bored out of my mind since selling my 2018 GT3 almost 18 months ago. Not having a sports car to go on weekend cruises is killing me. Sell your car now and do what for the next 2 to 3 years???. This mess will continue for the next 2 to 3 years. I would rather drive my car for free for the next 2 to 3 years. To pocket a little money is no interest to me. Tomorrow I may not wake up so not worth it.

ipse dixit

Indeed.

Not only that, but there are better and easier ways to make money.

And, no, I am not giving unsolicited financial advice, except to say that if trying to arbitrage the purchase price and resale price of your 911 is the best way for a person to make money, then they probably shouldn't be driving a 911, and certainly not looking to fellow Rennlisters for financial advice.

R N M

This is key especially in high tax states.

I’m also not understanding why the OP sold the car. You will be waiting at least 12-18 months for a new one which will mostly have much higher MSRP as Porsche is raising prices plus some ADM. The supply shortages are not going to disappear in the next 12-18 months imo.

Now if you are OK going 2+ years without a 911, well then maybe you don’t need a sports car.

356Fan3

I had my C2S manual serviced recently and was asked if I would consider selling. I was/am somewhat tempted, especially since I have just 2k miles and clearly do not drive the car enough. It's obviously very difficult attempting to forecast the supply availability of any 911.