slider172

Where do these lowball prices come from ?All of the resources , Edmunds, nada,ect have very unrealistic prices for 993s.
My understanding is that nada uses actual sales to come up with its valuations for cars. I have in the past had alot of confidence in nada valuations, but I wish I could buy a 993 for what is being quoted. I'd probably buy several.

AHEDAU

You think its bad for 993's? My yacht is $100K "off". (appraised at $135, could easily be sold for the /insured at $120K KBB/NADA hit it at $22 K. They (KBB etc) use straight line depreciation, where on certain items like 993's, they hold their value much better than other cars...) Typically the older the car/boat/etc., and better the condition lower mileage the wider the "gap" between an unrealistically low NADA and market value will be. Hopefully that made sense. I'm pretty sleepy today.

c993k

I only worry about that when the insurance companies total your car after an accident and give you
$15000. I hope I never have to go through that but I know others who have.
I guess getting a proper appraisal and paying high premiums is the only way to get the real value back.
All the books are way off. Chris

ceboyd

....just don't try to trade it in at a dealer when you want to sell... because they lowball WORSE than KBB yet turn around and tack on $25k to resell (it's how they make all their money)

Bogwan

Has anyone gotten an outside appraisal done that will work for insurance purposes? If so, from whom?

Thanks

jimbo3

My insurance company (Hagerty) has the value on my 96 C2 w/ 43,000 at $35,000. Might be three thousand low, but I'm OK with that as additional insurance is dis-proportionately more premium.

-Jim

hddude

NADA adds $$s for a Tip transmission on all used 993's. What a joke.

ceboyd

hey now.. be nice.. I paid EXTRA for my Tip when I bought my car... the Tip was a $3700 option!

polver

If I understand correctly, every time a sale is reported for a used car, that data is used for the "values" you see in Edmunds, NADA, KBB, etc. SO, if the sale prices reported happen to be less than really paid (as to avoid sales tax), then book value will be artificially lower in years to come.

Anyone else confirm or deny?

dbf73

PCA has a valuation committee that will do an appraisal and while people will complain about Bruce Anderson's market values, they're better that NADA et al.

993_Pilot

I found the same thing when I was looking, but then I got lucky and found someone willing to settle for somewhere between KBB's "Trade-In" and "Private Party" value! I could probably sell the car for $8k more than I paid just last month. It was a great find for me and worked out so well that my wife actually encouraged me to buy it. So here I am a proud new owner of a 1995 Carrera.
(This is my first Porsche and my first Post, btw)

c993k

993_Pilot. Congrads, post some photos of it. Chris

Bull

Regarding the PCA Valuation Program, which I have used for my 356s, etc., here it is from the PCA website:
--------------------
The Valuation Committee was established by the Executive Council in 1979 to help PCA members insure older model Porsches. There is no charge to PCA members for this service.

Specifically, there are two problem areas in which we try to help. One, obtaining a proper level of insurance coverage for an older Porsche that might otherwise be considered nearly valueless by an insurer, and two, establishing a proper value for an older Porsche in the case of a claim settlement dispute where the owner thinks the recently-deceased Porsche is worth more (sometimes considerably more) than does his insurance company.

We don't do anything else. By PCA policy we don't have an inventory list of used Porsches for sale that we can use to find just that car you want. We also don't help you price your car for the upcoming issue of PANO, or tell you if the asking price of a particular car is fair. That would be influencing the market, and we only report on the market.

Which Porsches are included?

Within these ground rules, just what "older" Porsches does the committee cover? The table below has the answer. You'll notice immediately that newer models aren't covered. The new years are covered by the various industry "blue books" and we couldn't argue with these learned sources even if we wanted to.

Models Covered

356, 356A, 356B, 356C

Coupe and Cabriolet

1959 Convertible D

356 Speedster
1966-69 912

1976 912E

1973-76 914/2.0

914/6
1965-91 911

1976-79 930

1983-91 944

Models NOT Covered

356A Carrera

Coupe and Cabriolet

924, 924S
Racing models

Limited production models
914/1.7 & 1.8

All models 1992-on

------------------

tj90

What about Excellence mag values of the 993. I wish I could get a 993 for what Excellent says is appropriate in SOCAL... How do they compare to values elsewhere in the country? Maybe I should get a car in N. Dakota next time....

Pete in DC

To feel better if you're on the sell side, read the Pano classifieds. Always good for a laugh. ["Pristine 1996 C4S...stainless sills...chrome ovals...$89,999 FIRM"]