Market Trends
#1
Market Trends
I thought I would share the board real market values......Since I got a clean bill of health on my cancer biopsy, my wonderful new bride and my adorable nine year old little girl from Russia ( adopted @ nine months ) thought Dad needed a Porshe for mental health reasons.
I have been doing due dilgence on two Porsches and both were sold to third parties yesterday"
'97 993 C4S one owner with a ton of options and 23,000 miles, great color combination and all books and service records.....I was at $57,500 and the owner sold it for around $59,000......
'98 993 Cab. one owner with under 10,000 miles, loaded with usable options and great color combination, books, service records etc....I called to offer $51,500 and the owner had already accepted an offer of $50,500......
Both Porsches were mint, Serviced by the book and well cared for....Oh by the way, neither was a Tiptronic....The good ones go fast
Hope this data if helpful
I have been doing due dilgence on two Porsches and both were sold to third parties yesterday"
'97 993 C4S one owner with a ton of options and 23,000 miles, great color combination and all books and service records.....I was at $57,500 and the owner sold it for around $59,000......
'98 993 Cab. one owner with under 10,000 miles, loaded with usable options and great color combination, books, service records etc....I called to offer $51,500 and the owner had already accepted an offer of $50,500......
Both Porsches were mint, Serviced by the book and well cared for....Oh by the way, neither was a Tiptronic....The good ones go fast
Hope this data if helpful
#3
The clean low-mileage cars will always get the premium, that's for sure. For someone who wants the original car with low mileage and plans on keeping it low mileage by using it as a 2nd or 3rd car (driving say 2-3K miles/year), I always recommended ponying up the extra money (within reason of course)- there's nothing like driving the cars that are just like they left the showroom.
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#9
After paying $31k for my 95 cab with 49k mi, I found a concours condition 98 black on black cab with only 24k km (14k mi), 1 owner, full leather interior, sport seats, 18" technology etc. The asking price was a wopping $75k CND ($67K USD). I thought they were crazy and thought I'd wait a few weeks and make an offer in the high $50's, which is a stretch but would have paid it given that it was a perfect 10 for me in terms of color, options and condition. The car sold in less than four weeks, going into the fall in rainy Vancouver, for $72K CND ($64). Would have loved to own the car but at that price, I think I'll keep my cab AND look for a TT.
#10
I'm happy that the prices of at least 2 cars are relatively high ... That's good.
But, having a car that's a decade old and only having 10,000 to 15,000 miles is probably not a good deal. I mean, cars need to be driven to keep them from deteriorating from garage rot. Yeah, you can replace stuff, fix stuff, and all that jazz. But, the car will not be as good as a car that is driven on a regular basis.
Just MHO. Others may differ.
Altho, I dont' get a chance to drive my 993 as much as I would like .... work is only 7 miles away and in the cold weather the car barely gets warmed up before I shut it down for 8 hours. Not good. And, I don't like driving it when the salt is on the roads here in New England.
But, that being said, I still manage to drive the car 5K a year and usually a100 miles at a whack. Wish I could drive it more, tho.
I did not buy my '96 993 to keep it in the garage. I bought it to drive. I believe that driving these cars is more important that waiting for a sale to come along. And most of us will not make money on these cars anyway.
Gas it, wash it and drive it like ya stole it ...!
BAGGER
But, having a car that's a decade old and only having 10,000 to 15,000 miles is probably not a good deal. I mean, cars need to be driven to keep them from deteriorating from garage rot. Yeah, you can replace stuff, fix stuff, and all that jazz. But, the car will not be as good as a car that is driven on a regular basis.
Just MHO. Others may differ.
Altho, I dont' get a chance to drive my 993 as much as I would like .... work is only 7 miles away and in the cold weather the car barely gets warmed up before I shut it down for 8 hours. Not good. And, I don't like driving it when the salt is on the roads here in New England.
But, that being said, I still manage to drive the car 5K a year and usually a100 miles at a whack. Wish I could drive it more, tho.
I did not buy my '96 993 to keep it in the garage. I bought it to drive. I believe that driving these cars is more important that waiting for a sale to come along. And most of us will not make money on these cars anyway.
Gas it, wash it and drive it like ya stole it ...!
BAGGER
#11
Bagger
You are right about use within reason......I got a call this evening from a long time Porsche addict......He wants me to look at a '98 993 Cab. that is two miles from my home......it has 21,000 miles and the second owner has driven it 300 miles since he bought it 2001 from the local Porsche dealer...mostly for annual service
The owner simply has no time.....maybe that is why he is extremely wealthy...we shall see what is under this rock
The owner simply has no time.....maybe that is why he is extremely wealthy...we shall see what is under this rock
#12
Originally Posted by Berkley
You are right about use within reason......I got a call this evening from a long time Porsche addict......He wants me to look at a '98 993 Cab. that is two miles from my home......it has 21,000 miles and the second owner has driven it 300 miles since he bought it 2001 from the local Porsche dealer...mostly for annual service
The owner simply has no time.....maybe that is why he is extremely wealthy...we shall see what is under this rock
The owner simply has no time.....maybe that is why he is extremely wealthy...we shall see what is under this rock
#13
Originally Posted by Berkley
You are right about use within reason......I got a call this evening from a long time Porsche addict......He wants me to look at a '98 993 Cab. that is two miles from my home......it has 21,000 miles and the second owner has driven it 300 miles since he bought it 2001 from the local Porsche dealer...mostly for annual service
The owner simply has no time.....maybe that is why he is extremely wealthy...we shall see what is under this rock
The owner simply has no time.....maybe that is why he is extremely wealthy...we shall see what is under this rock
#15
Originally Posted by Baggerdude
I'm happy that the prices of at least 2 cars are relatively high ... That's good.
But, having a car that's a decade old and only having 10,000 to 15,000 miles is probably not a good deal. I mean, cars need to be driven to keep them from deteriorating from garage rot. Yeah, you can replace stuff, fix stuff, and all that jazz. But, the car will not be as good as a car that is driven on a regular basis.
Just MHO. Others may differ.
BAGGER
But, having a car that's a decade old and only having 10,000 to 15,000 miles is probably not a good deal. I mean, cars need to be driven to keep them from deteriorating from garage rot. Yeah, you can replace stuff, fix stuff, and all that jazz. But, the car will not be as good as a car that is driven on a regular basis.
Just MHO. Others may differ.
BAGGER
My point is, if a car has low mileage or even very low mileage, I wouldn't jump to the conclusion that the car will have problems. The questions to ask the seller (or to attempt to verify with records, carfax info, etc) is if the car was driven regularly. Difficult to determine if the regular driving was in short or long trips, but that is difficult on a car with average or high mileage as well (those cars could have 1-2 long trips per year and then be driven to the train station 2 minutes away 260 days per year).
To me it was more than worth the premium price because I have an all original car that is in showroom condition, which I drive only when I will really enjoy it (i.e. I don't commute in the car or drive it in blizzards). I paid a little more, but was better to me than buying a car with 70,000 miles that needed work to make perfect (bringing the total purchase price close to what I paid), and then still having a car with 70,000 miles after all said & done.
I am not writing this to brag about my car, I'm using my car as an example to show the opposite way of thinking. At the end of the day, these are all just used cars, so everything is subject to getting the right car for you and your budget, researching, and luck. Fortunately for those that buy higher mileage cars that are well maintained, these cars are built extremely well and can keep going ang going if you want them to
-Andrew