Looking at buying a 992 - Is this price fair
04-02-2024, 04:42 PM
#31
Rennlist Member
Did you trade it in at the dealer of was it a private sale?
04-02-2024, 04:47 PM
#32
04-02-2024, 05:15 PM
#33
Rennlist Member
Their options are very limited...they can't CPO it, so they could either wholesale it, wait for a Porshe buyer or dealer trade it. Either way, it sounds like they got the short end of the stick.
04-02-2024, 05:21 PM
#34
That was a great deal on your part....Don't know what the Ford dealer was going to do with a 2-year-old, 9k mile Porsche they paid $135k for!
Their options are very limited...they can't CPO it, so they could either wholesale it, wait for a Porshe buyer or dealer trade it. Either way, it sounds like they got the short end of the stick.
Their options are very limited...they can't CPO it, so they could either wholesale it, wait for a Porshe buyer or dealer trade it. Either way, it sounds like they got the short end of the stick.
Last edited by F250to911; 04-02-2024 at 05:24 PM.
04-02-2024, 06:12 PM
#35
I think that the pricing on a CPO is different all over the country, my local dealers have Zero 911 stock, none used, none CPO and nothing new that's not pre-sold. so then if you go to say Florida where there are quite a few dealers, you can scope out a few different dealers within driving distance, i looked for the last three months but many of them only have a few porsche 911's used or CPO, but then of course Braman of West Palm has a lot and Champion Porsche near Fort Lauderdale has a few also. So then you either have to play the allocation game or try to find something you really like that's in stock somewhere, then if you have some trade in cars and it complicates the "real" price, our 2020 992 C2s cab was optioned at $165,000 when new the same car today would be considerably more with typical price increases, but i haven't bothered to build it on the config,i did build a base Cab and with a few choice options not a whole lot, it was $155,000,
The dealer was asking $149,400, for our C2s CPO cab with 23,000 miles, tires replaced less than 5,000 miles ago , 40k service done at the same time.
we traded in two vehicles and managed to negotiate about 5 grand off they came up some on the trade and took some off the purchase price...
i would say we test drove three cars and looked at about twenty, and this car just hit the spot for us, i probably paid 5-7k more than i wanted to, but i felt like the car warranted the price in the current market in that area of the country, and i wanted to have a few cars to choose from not drive a long distance to look at one car, and then feel obligated to buy or come home empty handed.
the obligatory 2 pennies.
Gary
The dealer was asking $149,400, for our C2s CPO cab with 23,000 miles, tires replaced less than 5,000 miles ago , 40k service done at the same time.
we traded in two vehicles and managed to negotiate about 5 grand off they came up some on the trade and took some off the purchase price...
i would say we test drove three cars and looked at about twenty, and this car just hit the spot for us, i probably paid 5-7k more than i wanted to, but i felt like the car warranted the price in the current market in that area of the country, and i wanted to have a few cars to choose from not drive a long distance to look at one car, and then feel obligated to buy or come home empty handed.
the obligatory 2 pennies.
Gary
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Booth9999 (04-03-2024)
04-02-2024, 11:59 PM
#37
There are several S cars around the country fairly heavily optioned right now in the MY 21 and 22 with 5-12K miles on them with total remaining and CPO warranty of 3-4.5 years going for around 150-157K and for that reason alone a MY 2020 with only two years warranty and >20K miles for 150K seems a lot of money
04-03-2024, 07:12 AM
#38
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
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
04-03-2024, 11:39 AM
#40
Pro
People forget that dealer prices include a gratification premium. Sure you can order a new car at X dollars falling on a competitive price curve relative to the used option. But ordering and taking possession are two different things. Waiting 6 months to year for a car is unpalatable to many people and if you have the money…well, because time DOES equal money in many circumstances.
04-03-2024, 04:29 PM
#41
So only a $2-$3K bump on the base price for a Carrera? I'd take the over on that! Of course I bet ADMs come back in full force for the 992.2 so even if all the base prices go up only a few % will be more than that once ADMs are factored in.
04-03-2024, 09:02 PM
#42
Rennlist Member
A 2024 base is $114,400 now, so I'm betting a .2 base will come in just shy of $120K...new technology won't come cheap.
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tbruce731 (04-03-2024)
04-03-2024, 09:07 PM
#43
They budged a few thousand but nothing meaningful. It just arrived there about 3 days ago so - its not even gone through the CPO process, etc.
Not yet listed at all - I could not imagine they will list it at 150! It would show on so many sites that it is far over priced. Sales guy was even trying to play up that is 100% PPF 😂 .
I in the end walked out and said can't wait to hear when you call me back with a reasonable price. Lets see what happens. I do love the spec but will 100% walk away - not going to get robbed because they may themselves overpaid for the car.
Not yet listed at all - I could not imagine they will list it at 150! It would show on so many sites that it is far over priced. Sales guy was even trying to play up that is 100% PPF 😂 .
I in the end walked out and said can't wait to hear when you call me back with a reasonable price. Lets see what happens. I do love the spec but will 100% walk away - not going to get robbed because they may themselves overpaid for the car.
04-03-2024, 10:46 PM
#44
They budged a few thousand but nothing meaningful. It just arrived there about 3 days ago so - its not even gone through the CPO process, etc.
Not yet listed at all - I could not imagine they will list it at 150! It would show on so many sites that it is far over priced. Sales guy was even trying to play up that is 100% PPF 😂 .
I in the end walked out and said can't wait to hear when you call me back with a reasonable price. Let’s see what happens. I do love the spec but will 100% walk away - not going to get robbed because they may themselves overpaid for the car.
Not yet listed at all - I could not imagine they will list it at 150! It would show on so many sites that it is far over priced. Sales guy was even trying to play up that is 100% PPF 😂 .
I in the end walked out and said can't wait to hear when you call me back with a reasonable price. Let’s see what happens. I do love the spec but will 100% walk away - not going to get robbed because they may themselves overpaid for the car.
04-03-2024, 10:48 PM
#45