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Kelley Blue Book Actually Re-Valued

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Old 07-26-2010, 10:24 PM
  #31  
Ocean Blue C2S
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HUH,

"Agreed Value of $ 52,000 for my 98 C2S", that is in Canada, the prices for any Porsche 993 is still high here in Alberta and on the West Coast as well, I cannot understand the discrepency ( sorry no spellcheck)?

What's happening that the values are dropping so dramatically in the US? Just want to know... maybe that's why I now see many 993s here, eh! (sorry I had to do it) It may have to do with the recent dropping of the value of the US greenback and these cars are now flooding elsewhere!!! I see some European owners popping up on our Rennlist...

Bert
Old 07-26-2010, 10:40 PM
  #32  
pcarhombre
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Woopie! According to kbb, I only overspent by $8k. No wonder I can't pick stocks! Its in my blood!
Old 07-26-2010, 10:43 PM
  #33  
goofballdeluxe
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Originally Posted by MrBonus
Looks like they haven't adjusted values of C2S.
I don't think the 'official' name for that car is a 'C2S'. I think it came out just as a 1997 or 1998 Carrera S; perhaps that's why?
Old 07-26-2010, 10:51 PM
  #34  
tjangi
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I like Galvs

Last edited by tjangi; 07-27-2010 at 12:23 AM.
Old 07-27-2010, 12:51 AM
  #35  
clib
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yes, pretty selective upgrading on the pricing. 97 C2S with 36000 miles and excellent condition. private sale. not very realistic and very hard to understnad considering what has been posted on some of the other pricing.


Condition Value
Excellent
$24,850
Good
$24,000
Fair
$22,500
Old 07-27-2010, 01:54 AM
  #36  
Evan Fullerton
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There is a $22k discrepancy between a 1998 C2S and a C4S with the same 58000 miles (what my car has on it) and the same option boxes ticked.
Old 07-27-2010, 11:14 AM
  #37  
95 NC 993
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Originally Posted by Evan Fullerton
There is a $22k discrepancy between a 1998 C2S and a C4S with the same 58000 miles (what my car has on it) and the same option boxes ticked.
That doesn't even come close to making sense. They obviously missed some updating. Maybe send them a short message to bring it to their attention.
Old 07-27-2010, 03:33 PM
  #38  
Falcondrivr
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1995 C2 coupe, 145K miles = $13,650 Retail value in excellent condition.
I'll take 3 more just like mine please....
Old 07-28-2010, 02:39 PM
  #39  
2Many Cars
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Has anyone gotten agreed value coverage on a 993 that is used as a "daily driver"?
A high end insurer like Chubb might do this but it will be expensive. I think you'll find most of us who have Agreed Value aren't using them as daily drivers.
Old 07-28-2010, 03:55 PM
  #40  
MarkD
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funny, my 993 turbo is over-valued on KBB
$61K

Not at all a realistic price, even 3 years ago... they drop like a rock as the miles go up.

At least they are trying. Bottom line is that these cars are not "normal" and conventional tools like NADA and KBB can't track them
Old 07-28-2010, 04:43 PM
  #41  
JPP
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Originally Posted by MarkD
funny, my 993 turbo is over-valued on KBB
$61K

Not at all a realistic price, even 3 years ago... they drop like a rock as the miles go up.

At least they are trying. Bottom line is that these cars are not "normal" and conventional tools like NADA and KBB can't track them
So, what's the 'smart' path for insurance value? I know there's been many threads on this in the past but nothing seems definitive. It seems to me that all 'normal' auto policies on these cars will go by KBB values or something equivalent, but wouldn't getting a private appraisal(s) by your shop or some other 'authority' and having it attached to your insurance files be sufficient? I'm asking because I'm going through the excercise of getting quotes for the '98 S Cab and since there is only one other of the 5 that I have information on, it's been a real slogfest trying to establish value and it makes me wonder if it's really worth it.
Old 07-28-2010, 05:45 PM
  #42  
DC from Cape Cod
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Just getting an estimate of value will not protect you in Mass....I had to get a full appraisal from a car appraisal company and then get stated value insurance.
Old 07-28-2010, 07:39 PM
  #43  
FlatSix911
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Interesting ... although I though that KBB values were based on actual market data from auctions and dealer sales?
Old 07-29-2010, 06:05 PM
  #44  
Ed Burdell
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Well, the only solution I see is to drive my '98 C2S another 100K miles or so to bring it in line with the KBB values.
Old 07-30-2010, 07:43 PM
  #45  
95 NC 993
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Originally Posted by FlatSix911
Interesting ... although I though that KBB values were based on actual market data from auctions and dealer sales?
It may be true but KBB needed more realistic data obviously. Lord knows where they got their original figures. Even at auctions how many are going through in the teens? My long term 'pushing' at least got them to take a new look apparently. I kept asking them over and over again, "how can serious car buyers take their site seriously when the 993 prices are way off base, not even close?" A simple look at Autotrader, Cars.com, Ebay would convince anyone that these cars don't sell in the teens unless beaten, have title issues, or just in real rough shape. As I said before, they listened. Good for them, and us. From what many have posted here the 'new' values are very mileage oriented however. Their values are still a disservice to many owners here that have higher mileage cars that have maintained them in 'very good' condition. Can't win them all but it was a nice start.


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