Current 993 Prices
#31
Ummm... maybe in Canada.
No, seriously. Asking price is not an indicator of selling price, nor a good indicator of a market at all.
No. Please ask for $30K and end up keeping it because they have no idea what the market is like. After a while they come to their senses, ask for a believable number, negotiate and arrive at the only indicator of true market value - what someone is willing to pay for something on a given day.
And on a given day that end selling price will actually represent the market.
This is not a pissing contest, not at all. I wish my cab with 82K miles and in decent shape was worth $30K. It's not.
I do not provide a service. Not for money, nor free. This was to make a point. Moreover, I have given a URL of a Rennlister selling a '95 cab _today_ with 65K miles and asking price of $23,9K. If someone is looking for a car, I can certainly do a search and provide an opinion. Same search that anyone else can do. Far be it from me to actually charge for it, especially a fellow Rennlister. But, as I've said, I tried to make a point.
PS. Sorry, I truly do not understand why a search on MSN would constitute a legitimate homework on finding a market value of a 993, nor do I still understand why asking prices are an indication of the market. I wish, similar to MLS, the car adds would indicate "days on the market".
I'll put it another way. Let' take a real example. A Craigslist add appears with a decent 993 at a price, let's say $22K. A dealer buys it and advertises it for $28K. This happens every week, let me assure you. What is the market value of this car?
No, seriously. Asking price is not an indicator of selling price, nor a good indicator of a market at all.
No. Please ask for $30K and end up keeping it because they have no idea what the market is like. After a while they come to their senses, ask for a believable number, negotiate and arrive at the only indicator of true market value - what someone is willing to pay for something on a given day.
And on a given day that end selling price will actually represent the market.
This is not a pissing contest, not at all. I wish my cab with 82K miles and in decent shape was worth $30K. It's not.
I do not provide a service. Not for money, nor free. This was to make a point. Moreover, I have given a URL of a Rennlister selling a '95 cab _today_ with 65K miles and asking price of $23,9K. If someone is looking for a car, I can certainly do a search and provide an opinion. Same search that anyone else can do. Far be it from me to actually charge for it, especially a fellow Rennlister. But, as I've said, I tried to make a point.
PS. Sorry, I truly do not understand why a search on MSN would constitute a legitimate homework on finding a market value of a 993, nor do I still understand why asking prices are an indication of the market. I wish, similar to MLS, the car adds would indicate "days on the market".
I'll put it another way. Let' take a real example. A Craigslist add appears with a decent 993 at a price, let's say $22K. A dealer buys it and advertises it for $28K. This happens every week, let me assure you. What is the market value of this car?
#32
Matt, I am truly surprised that you are having such a hard time reading what I've written.
I gave a URL above of a Rennlister car, a _coupe_ here: https://rennlist.com/forums/993-foru...ck-nb-dfw.html
Further to that, about 10 minutes of searching:
http://dallas.craigslist.org/ndf/for/2050398890.html (tip, $18,9K)
http://maine.craigslist.org/cto/1992756850.html ($19,5K)
http://atlanta.craigslist.org/atl/cto/1978730860.html ($21K)
http://newjersey.craigslist.org/ctd/1987217408.html ($15K)
Now, can you show me examples of what you are talking about? Not asking prices, actual sales. Thank you.
I gave a URL above of a Rennlister car, a _coupe_ here: https://rennlist.com/forums/993-foru...ck-nb-dfw.html
Further to that, about 10 minutes of searching:
http://dallas.craigslist.org/ndf/for/2050398890.html (tip, $18,9K)
http://maine.craigslist.org/cto/1992756850.html ($19,5K)
http://atlanta.craigslist.org/atl/cto/1978730860.html ($21K)
http://newjersey.craigslist.org/ctd/1987217408.html ($15K)
Now, can you show me examples of what you are talking about? Not asking prices, actual sales. Thank you.
#33
Matt, I am truly surprised that you are having such a hard time reading what I've written.
I gave a URL above of a Rennlister car, a _coupe_ here: https://rennlist.com/forums/993-foru...ck-nb-dfw.html
Further to that, about 10 minutes of searching:
http://dallas.craigslist.org/ndf/for/2050398890.html (tip, $18,9K)
http://maine.craigslist.org/cto/1992756850.html ($19,5K)
http://atlanta.craigslist.org/atl/cto/1978730860.html ($21K)
http://newjersey.craigslist.org/ctd/1987217408.html ($15K)
Now, can you show me examples of what you are talking about? Not asking prices, actual sales. Thank you.
I gave a URL above of a Rennlister car, a _coupe_ here: https://rennlist.com/forums/993-foru...ck-nb-dfw.html
Further to that, about 10 minutes of searching:
http://dallas.craigslist.org/ndf/for/2050398890.html (tip, $18,9K)
http://maine.craigslist.org/cto/1992756850.html ($19,5K)
http://atlanta.craigslist.org/atl/cto/1978730860.html ($21K)
http://newjersey.craigslist.org/ctd/1987217408.html ($15K)
Now, can you show me examples of what you are talking about? Not asking prices, actual sales. Thank you.
#35
Matt, I am truly surprised that you are having such a hard time reading what I've written.
I gave a URL above of a Rennlister car, a _coupe_ here: https://rennlist.com/forums/993-foru...ck-nb-dfw.html
Further to that, about 10 minutes of searching:
http://dallas.craigslist.org/ndf/for/2050398890.html (tip, $18,9K)
http://maine.craigslist.org/cto/1992756850.html ($19,5K)
http://atlanta.craigslist.org/atl/cto/1978730860.html ($21K)
http://newjersey.craigslist.org/ctd/1987217408.html ($15K)
Now, can you show me examples of what you are talking about? Not asking prices, actual sales. Thank you.
I gave a URL above of a Rennlister car, a _coupe_ here: https://rennlist.com/forums/993-foru...ck-nb-dfw.html
Further to that, about 10 minutes of searching:
http://dallas.craigslist.org/ndf/for/2050398890.html (tip, $18,9K)
http://maine.craigslist.org/cto/1992756850.html ($19,5K)
http://atlanta.craigslist.org/atl/cto/1978730860.html ($21K)
http://newjersey.craigslist.org/ctd/1987217408.html ($15K)
Now, can you show me examples of what you are talking about? Not asking prices, actual sales. Thank you.
Further, I found some 'to good to be true' prices when I was looking and upon following up on the ads they did turn out to be to good to be true. ie. scams.
#36
My $.02....always find the best possible example of the car you want, then negotiate a price you can afford. No matter what you pay, there is nothing worse than buying the wrong car. That remorse will never go away...paying 5% over market price will be forgotten in a few drives.
#37
Matt, I am truly surprised that you are having such a hard time reading what I've written.
I gave a URL above of a Rennlister car, a _coupe_ here: https://rennlist.com/forums/993-foru...ck-nb-dfw.html
Further to that, about 10 minutes of searching:
http://dallas.craigslist.org/ndf/for/2050398890.html (tip, $18,9K)
http://maine.craigslist.org/cto/1992756850.html ($19,5K)
http://atlanta.craigslist.org/atl/cto/1978730860.html ($21K)
http://newjersey.craigslist.org/ctd/1987217408.html ($15K)
Now, can you show me examples of what you are talking about? Not asking prices, actual sales. Thank you.
I gave a URL above of a Rennlister car, a _coupe_ here: https://rennlist.com/forums/993-foru...ck-nb-dfw.html
Further to that, about 10 minutes of searching:
http://dallas.craigslist.org/ndf/for/2050398890.html (tip, $18,9K)
http://maine.craigslist.org/cto/1992756850.html ($19,5K)
http://atlanta.craigslist.org/atl/cto/1978730860.html ($21K)
http://newjersey.craigslist.org/ctd/1987217408.html ($15K)
Now, can you show me examples of what you are talking about? Not asking prices, actual sales. Thank you.
I've setup craiglist search and i goes thru the result everyday and all the cars you found went thru the cracks....some are even posted in the "general for sale" section...please pm if needed. Thanks!
#38
When I bought my 97 Black Cab C2 that had 78K miles on it back in 05....I paid about $31K for it and had been looking for awhile for a better deal....back then, I really couldnt find one...yes there were lower priced cars out there but needed more work than mine did (and mine needed a completely new suspension, lowered, aligned, corner bal, tires and new top when I bought it!) ... after buying it I immediately dropped at least $5K in to it and have put much more in to it since then..... so my investment in the car has been well over $40K.
It now has 120K miles on it since it was my daily driver for 4 of the 5 years that I have owned it. It is in very nice looking cosmetic shape and really has no major issues with it... has been maintained and has full service records going back to the beginning. I am the second owner and the first owner had the top end done at 36K miles because he overrevved the engine apparently (according to RMG in the Bay Area who did the work and told me what they did after I bought the car).
Ive had the car serviced by one of the best Porsche mechanics in LA since Ive had it...
What is my 120K Cab worth in this market? According to this thread its low 20s? Im actually going to list it for sale soon so this is a timely thread...thanks.
It now has 120K miles on it since it was my daily driver for 4 of the 5 years that I have owned it. It is in very nice looking cosmetic shape and really has no major issues with it... has been maintained and has full service records going back to the beginning. I am the second owner and the first owner had the top end done at 36K miles because he overrevved the engine apparently (according to RMG in the Bay Area who did the work and told me what they did after I bought the car).
Ive had the car serviced by one of the best Porsche mechanics in LA since Ive had it...
What is my 120K Cab worth in this market? According to this thread its low 20s? Im actually going to list it for sale soon so this is a timely thread...thanks.
#39
Thanks to all for the input. What do you all think of this one?
http://sfbay.craigslist.org/sfc/ctd/2045588612.html
http://sfbay.craigslist.org/sfc/ctd/2045588612.html
#40
Nile, opinions aside can you share with me your craiglist search technique?
I've setup craiglist search and i goes thru the result everyday and all the cars you found went thru the cracks....some are even posted in the "general for sale" section...please pm if needed. Thanks!
I've setup craiglist search and i goes thru the result everyday and all the cars you found went thru the cracks....some are even posted in the "general for sale" section...please pm if needed. Thanks!
1995 Porsche 911 coupe site:craigslist.org
Put this full line in the Google search field and click Search.
#41
Sonic, it's very hard to price your car. There is only one reason - miles.
Let's examine it a little further as this might help the above discussion. Yours is a good car. Well taken care of, no serious issues at the moment. That's the supply side and you are competing with a number of other cabs from '95 to '97.
Now, let's look at the demand side. There are, essentially, several groups of people who buy 993s. There's "best car I can find" crowd, 14K miles preferred, not interested in your car at all. There's the "I really would love a 993, but money is really limited" bunch. They are the best customer for your car. Than there's "I buy it when I see a good value" folk, they will pay some attention to your car if priced properly, given it's a '97, had most work done, etc.
So... what are we looking at here? Probably pricing will be the single overriding consideration for teh buyer. My guess is, try it in $23K range here on Rennlist and see what develops. I would heavily emphasize new roof and suspension. While they will not really bring more money, they will differentiate your car from others and add value (thats's for the third kind of buyer listed above).
PS. I've sold my cab with 140K miles and some minor body issues for $16K. Also new roof, suspension, Recaros, new clutch with LFW and other tasty bits. But it was hard to get people to look beyond miles and non-perfect body. Majority of Porsche buyers don't have a "need" to buy them, thus they can be picky, choosy and, hey, it's their play money, they might as well find what they like.
Let's examine it a little further as this might help the above discussion. Yours is a good car. Well taken care of, no serious issues at the moment. That's the supply side and you are competing with a number of other cabs from '95 to '97.
Now, let's look at the demand side. There are, essentially, several groups of people who buy 993s. There's "best car I can find" crowd, 14K miles preferred, not interested in your car at all. There's the "I really would love a 993, but money is really limited" bunch. They are the best customer for your car. Than there's "I buy it when I see a good value" folk, they will pay some attention to your car if priced properly, given it's a '97, had most work done, etc.
So... what are we looking at here? Probably pricing will be the single overriding consideration for teh buyer. My guess is, try it in $23K range here on Rennlist and see what develops. I would heavily emphasize new roof and suspension. While they will not really bring more money, they will differentiate your car from others and add value (thats's for the third kind of buyer listed above).
PS. I've sold my cab with 140K miles and some minor body issues for $16K. Also new roof, suspension, Recaros, new clutch with LFW and other tasty bits. But it was hard to get people to look beyond miles and non-perfect body. Majority of Porsche buyers don't have a "need" to buy them, thus they can be picky, choosy and, hey, it's their play money, they might as well find what they like.
#42
Gerrygug, I personally do not buy cars from dealers on principle alone. But it seems like an OK example if you like the colors (I do). Price seems to be somewhat within reason, although I'd think that $25-26K would be more appropriate.
#43
Brilliant, Mike!
There are certain echoes of that other expensive C4S thread going on here ... it depends on what the car is worth to both seller and buyer, nothing's set in stone.
I've been thinking about stepping up to a 997 recently. My 97 C2 cab has 86k miles on it, a fresh top end at 60k miles due to the SAI issue, along with a LWF and RS clutch, M030 and Bilstein HD suspension, 18" MY02 rims, strut brace and FPB ... very nice car, well cared for, drives and runs like it should, owned by someone who knows these cars well.
You can probably find a car like mine with similar mileage for a lot less than I'd be willing to part with it by searching on Auto Trader or Craig's List. But then you might be dropping thousands on a top end rebuild, clutch, suspension, rims, tires ... etc. Sometimes it's worth the extra $$$ to buy the car that's ready to drive with no issues and the usual issues taken care of already. That's an enjoyable experience, which is what most of the people on here are looking for when they buy a 993. It's certainly much better than discovering that your clutch is slipping, the car won't pass emissions, your shocks are worn out, title was washed, odometer isn't working, and so forth. You can read the stories from first time buyers on here.
It's a gamble buying any 15-year-old car, but your odds are better paying a premium to buy it from someone with a track record (so to speak) on Rennlist rather than an unknown. Lots of times you wind up paying exactly what we all think our cars are worth when you finally get them sorted out in the first place.
#44
I think there are people like me out there too. I didnt want the best example car I could find because of the cost and I didnt want a garage queen. I also didnt want a cheap car that most likely wasnt taken care of. I wasnt looking for a dealer car either. However after looking around it was hard to find a good example car right in the middle. When I found my car (at a dealer) if was a very nice example with 65k miles on it. Perfect and what i was looking for. I ended up paying 26.5k (29 including tax) so I know I overpaid slightly for the car but all in all for 10% more I have the car i wanted and didnt have to settle.
Now, let's look at the demand side. There are, essentially, several groups of people who buy 993s. There's "best car I can find" crowd, 14K miles preferred, not interested in your car at all. There's the "I really would love a 993, but money is really limited" bunch. They are the best customer for your car. Than there's "I buy it when I see a good value" folk, they will pay some attention to your car if priced properly, given it's a '97, had most work done, etc.
Now, let's look at the demand side. There are, essentially, several groups of people who buy 993s. There's "best car I can find" crowd, 14K miles preferred, not interested in your car at all. There's the "I really would love a 993, but money is really limited" bunch. They are the best customer for your car. Than there's "I buy it when I see a good value" folk, they will pay some attention to your car if priced properly, given it's a '97, had most work done, etc.
#45
Gotta agree with this. It's my car in the ad here on RL. If the clutch were new and it didn't need the gasket replaced I'd ask for more. I asked what I think is fair based on what I've seen 993 go for here and on Craigslist.
I might actually be fixing those over the next few weeks along with a paint job if no one buys it right away (just in case it doesn't sell I'll still keep & drive it). If these items get fixed/updated, it will no longer be a $23.9k car.
I might actually be fixing those over the next few weeks along with a paint job if no one buys it right away (just in case it doesn't sell I'll still keep & drive it). If these items get fixed/updated, it will no longer be a $23.9k car.