How long does it typically take to sell a 993
#1
How long does it typically take to sell a 993
Hello,
In my search for a 993, I'm getting a perception that sometimes these cars take a while to sell. Maybe it's a buyers market right now and prices have deflated beyond what people are willing to sell for. My perception comes from looking at 993 completed listings on ebay that typically shows reserve not met. I also see on Auto Trader cars that have been listed for multiple months. I'm thinking of the entire life cycle of 993 ownership and when I'm ready to sell I don't want this to be a months long process. I'm probably being completely **** about this, but would like to know what others think.
Thanks
In my search for a 993, I'm getting a perception that sometimes these cars take a while to sell. Maybe it's a buyers market right now and prices have deflated beyond what people are willing to sell for. My perception comes from looking at 993 completed listings on ebay that typically shows reserve not met. I also see on Auto Trader cars that have been listed for multiple months. I'm thinking of the entire life cycle of 993 ownership and when I'm ready to sell I don't want this to be a months long process. I'm probably being completely **** about this, but would like to know what others think.
Thanks
#5
Rennlist Member
if you are already thinking of the selling process before you purchase?????????????? you may be asking this question in the wrong forum.
fundamentally a 993 is just a commodity.
if you price it, (or anything), attractively to a potential buyer, it will sell quickly.
many cars being sold now were bought when the sellers market was strong and many recent owners "overpaid" and are reluctant to lose $$$$$$$$.
IMO no one should buy a 993 on a whim unless they have enough cash to burn if they lose 20% at resale time.
cheers
Craig
#6
Nordschleife Master
It is highly dependent on a number of factors,
While I spent about 4 months actively looking with money in hand, I was shopping for several months prior, to get a feel for pricing.
part of my purchase involved the sale of my 911SC. I had the money, but I didn't want so many cars in the driveway, and ultimately there was a week or so overlap anyway.
I actively searched autotrader.com and when my 96 C2 came up, I contacted the seller right away and arranged a look and test drive. A few days later I arranged a PPI, and once it passed, we went to the bank, and I gave him a check. So from the day the advertisment hit the public to pink slip in my hands was maybe 4 days.
a lot depends on the quality of the car and the selling price obviously. A good car that is a "deal" will sell rapidly. I am guessing for example that Truspeed doesn't have a high turnover, and they wait for the sellers that will pay premium for a great car.
I do think it is a bit odd that you don't even have a 993 yet, and you are worried about selling it. Let's face it, for the most part, cars are not good investments. If you want a 993, buy it, drive it and enjoy it. No one can predict when you will or if ever tire of it. Nor can anyone predict what the market will be like at that time. As the last air cooled 911, and relatively limited numbers (compared to say the 996s) the 993s will be sort of a rarity. does that necessarily equate to maintaining value? who knows
For me personally, I love my 993 and doubt I will sell it for a long time, as such, I don't worry about what I can get for it, for me it is about the enjoyment of it while it is mine. I don't expect to make money on it either.
While I spent about 4 months actively looking with money in hand, I was shopping for several months prior, to get a feel for pricing.
part of my purchase involved the sale of my 911SC. I had the money, but I didn't want so many cars in the driveway, and ultimately there was a week or so overlap anyway.
I actively searched autotrader.com and when my 96 C2 came up, I contacted the seller right away and arranged a look and test drive. A few days later I arranged a PPI, and once it passed, we went to the bank, and I gave him a check. So from the day the advertisment hit the public to pink slip in my hands was maybe 4 days.
a lot depends on the quality of the car and the selling price obviously. A good car that is a "deal" will sell rapidly. I am guessing for example that Truspeed doesn't have a high turnover, and they wait for the sellers that will pay premium for a great car.
I do think it is a bit odd that you don't even have a 993 yet, and you are worried about selling it. Let's face it, for the most part, cars are not good investments. If you want a 993, buy it, drive it and enjoy it. No one can predict when you will or if ever tire of it. Nor can anyone predict what the market will be like at that time. As the last air cooled 911, and relatively limited numbers (compared to say the 996s) the 993s will be sort of a rarity. does that necessarily equate to maintaining value? who knows
For me personally, I love my 993 and doubt I will sell it for a long time, as such, I don't worry about what I can get for it, for me it is about the enjoyment of it while it is mine. I don't expect to make money on it either.
#7
Drifting
Join Date: Aug 2006
Location: South Bay, Los Angeles
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The buyers are out there, but are a somewhat savvy and oppotunistic bunch. Since this is a totally elective luxury item, many patient buyers stay on the sidelines until a "deal" presents itself. On the other hand, a lot of sellers are convinced that their particular car is gold-plated, or they're not serious or just going on a fishing expedition, waiting for a "sucker."
When these two camps both stretch a little, a deal happens, but usually, the sellers need to get with the program first. These days that means Turbos listed at $49K, Ss at $39K and C2s at $29K, assuming no issues. The best deals I've seen recently have all come from private parties.
When these two camps both stretch a little, a deal happens, but usually, the sellers need to get with the program first. These days that means Turbos listed at $49K, Ss at $39K and C2s at $29K, assuming no issues. The best deals I've seen recently have all come from private parties.
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#8
Nordschleife Master
Don't forget it's also winter! Most people don't shop for sports car in winter, it's spring & summer.
As in everything, it has to be the right product @ the right price. I picked up my 95 C4 before the owner was even serious about selling it.
As in everything, it has to be the right product @ the right price. I picked up my 95 C4 before the owner was even serious about selling it.
#9
Rennlist Member
It all boils down to you and your approach. How desirable of a car you bought, how much you expect to get in relation to what you paid and how good you are at making it easy for someone to buy your car. Anyone who takes months on end to sell a 993 either has unrealistic expectations or didn't do enough homework before starting the process...IMHO.
Last edited by Wilder; 03-09-2010 at 02:43 PM.
#10
I think it is fairly safe to say that 993's will depreciate less just about any other car "in it's class." What seems to affect the price year to year, is more the state of the economy than anything else. It is somewhat of an art when purchasing a 993. Most people figure a cab costs more than a coupe, since they sold for $10K more when new; however the opposite is true. Tips sell for way less than 6 speeds; again they cost more new but usually take longer to sell due to lack of demand. Other variables that affect price are color, options, documented service history, paint/body work and of course overall condition. Like with any major purchase, do your homework and once informed, shouldn't take too long to find that "perfect" Porsche.
#11
Drifting
I cannot give any advice here on selling a 993 since I have never sold one but in selling my last Carrera, I took my time, put up with the tire kickers, lowball offers and some genuine douch bags that called and waited for a buyer who knew what he was buying and actually got what I wanted for the car.
Whether buyer or seller, patience is the key to a good experience.
ZP44
Whether buyer or seller, patience is the key to a good experience.
ZP44
#14
What do you do with a car like that; if you drive it the value drops and therefore might as buy a 15-20k mile car for 1/2 the price. IMHO that's a $50K car. Also, nothing personal against Arena Red, but certainly not a "premium color" when it comes to resale.