aggie57

Because the more options you add to a car, the greater the depreciation. Many are of $0 value when you come to sell it.

RatherJaded

This… ⬆️

ClickClickBoom

130-135k max. For 150 you can put together a nicely spec’d 2024. It won’t be as highly optioned, but I doubt you would miss them.

Tobeit

very subjective.

tbruce731

I am going to head up to the place to see what I can get them down to. I am going to offer them $135k and see how they react - maybe I would flex up to $137.5.
Thanks all for the quick feedback!

jhardy

Do they ask for this when you put down a deposit or try to surprise you upon delivery? I'm definitely not buying any of that crap. Whenever I buy a car I tell the sales guy when I go to finance I want to just sign the forms as quickly as possible nothing more.

jhardy

If you like aventurine over truffle brown a 2022 C4S just got listed on bring a trailer in case this one doesn't work out.

johnohara

These are high margin options too. Agree with the others for 21k miles this thing is too high by a lot.

I paid 152k for a new 2023 GTS - you can get MSRP deals new.

shrimp money

Regardless, the car is five years old.

If that were your car, they’d offer you $115k on trade-in.

itrocks4u

Keep us posted. Hope it works out for you.

BlitzIS

https://rennlist.com/forums/market/1405898

In case your looking…

sk911

I'm in the same boat...shopping for a new base but seeing a few CPO "S" near the same pricing.

I broke it down this way to make sense of the 992 pricing from 2020 to 2024 models.
#1 thing to know is that the option prices from 2020 to 2024 have not changed, but the MSRP's have risen substantially year over year.

MSRP PRICING 2020-2024
2020 BASE - $97,400/ "S" - $113,300
2021 BASE - $99,200/ "S" - $115,100
2022 BASE - $101,200/ "S" - $117,100
2023 BASE - $105,100/ "S" - $123,000
2024 BASE - $114,400/ "S" - $131,300

Taking the $48K in options on the CPO you are considering and adding that to a new MSRP "S" puts that car at $179k.
Putting the same options on a new MSRP base puts that car at $162k... $17k difference, but still a very high number for a new base.

$150K for this car looks high for a car with 21k miles...even for a low milage (under 10k miles) that price is a little steep.
$150K puts you in the ballpark of a new MSRP "S" with $20k in select options.
$135k puts you in the ballpark of a new MSRP base with about $20k in select options...plus you can put that $15k savings towards some other mods!

From my research, it looks like the dealers are just paying around the original MSRP without the options figured in for cars traded in. So, your 2020 $161k car that is being traded in in 2024, will only bring the customer around $115k. Your $135k offer might sound great to you, but I'm seeing dealers looking for around a 20% profit on resale CPO cars. They will probably be looking for a number north of $138k to deal, and that's if the car needed minimum CPO work. If it needed tires, brakes, 20 or 30k service or other service to get certified, then of course the number they need to clear goes higher. I have turned down CPO cars that have needed over $10k in work to certify...oh, and guess what, the CPO cost is not eaten by the dealer...its added to the price of the car being sold. All those cars sold at the dealer asking price. Not that those cars were really bad, I just figured if a 2–3 year old car with 15k miles car was serviced at its normal interval and it still needed an additional $10k to certify, then it's probably not for me.

The main question you will have to answer is ...would you rather have a brand-new car that you spec'd for around $135k with zero miles or have a 20k mile car, that you may or may not know its entire history. Now I know we are talking about a Base and a "S", so not really apples to apples...but you get the point.
I didn't see where you listed your "must have" options, but there have been plenty of option discussions here if you do a search. Options are a slippery slope...it's very easy to add $30-40K if you are not careful...so put lots of thought into the selection.
For a CPO, figure out what options are must have and which ones you wouldn't order if you were to build one from scratch and go from there.
For a new build...build it for you and not for resale or what someone else thinks of the options selected.


Good luck

detansinn

A few thoughts...

• Remember for the 2020 model year, there weren't a lot of trims available (S/4S only) -- it was the first 992 model year for the US. There were people with TT/TTS/GT car money taking S/4S allocations to get the newest thing. I wouldn't be surprised if the 2020s were generally optioned higher as a result.
• It's a 2020. 21k miles is averaging less than 5k miles/year. That's nothing. It's the miles that these things need to be driven annually to keep you out of trouble.
• The speculation as to how the car might have been treated is total nonsense. Even with CPO, get a CarFax and you will get a better idea of how it was really treated.
• As these things get older, the original MSRP and option sheet matters less and less. I presume that this is a PDK car, which doesn't help that situation, ie no manual transmission X-factor for value here.
• There's no getting around it. Their ask is a lot of money for a CPO'd 2020. That being said, not all of us have the time on the clock to wait for an allocation and a new build.
• Unless the car has been sitting for like a year, I would be shocked if the dealer would take $135k for it.
• It comes down to "Do you want this car?" If you love the spec and can have it now, it's a matter of whether or not the transaction personally makes sense for you.

gcurnew

True at launch, but other trims were available later in MY 2020...my C4 is a 2020 with a January 2020 build date.

F250to911

I bought a well optioned brand new 2020 C4 for $133K. I sold it in 2021 with 9000 miles on it for $135K. This was a unique time but depreciation was -$2K.

Now I am waiting on a 2024 C2S for $181K. Doubt I'll be able to ever get MSRP for this car on a future sale.