Turbodan

it should bring much more than a 512 TR. they go for around $40-50k CDN, and although are great cars they look very dated. I am trying to find out what the s went for still loading.

shelbygtkr

buyer actually had to pay $95,000 + 10% Bj fees = $104,500

WHB Porsche

That seems like a steal to me! Granted, 30k miles is a bit high for an S, but I'd hit it for $104.5k for the best looking 993 I've ever seen...

cobalt

Sloan had this and a few other Cobalt Blue TS's for sale over the years. I looked into this one and 2 others with gray interior. I am a total fan of cobalt but IMO it only works with a black interior, but I might be a bit partial.

993TurboS

If the buyer pays 105, then I think that is not too low. I'd love to be able to say that it is worth 160, but it is not. And I don't think it ever was (after 1997). I started looking hard for the S in about 2004 (also non Ss). This car was never more than 125 post 2004 in my opinion. Similarly, I never saw a 30k mile non S car trade at 95k. Perhaps 75k. Or perhaps a 10k mile car at 95k.

I posted a long time ago a formula that I thought worked for these cars. The simple version is 100k-miles for a non S. Times 1.5 for an S. For this car, that formula is 105k. Just as it was 2 years ago in my opinion.

jtpsocal

I just sold my 97 TT for 25% above the "formula"

993TurboS

As I said, that is the simple version, the original post is here:

https://rennlist.com/forums/993-turb...ml#post4571425

It shows that the simple version understates values for high mile cars. A car with 50k miles is 50k with the simple formula, but is 66k with the nonlinear version. That is 32% above the simple estimate. For cars with low miles, it really doesn't matter that much, but obviously a car with 100k miles is not at zero.

In any case, there is probably a 25% variation based on condition alone.

Turbodan

I have seen the formula prove very accurate over the past couple years. well done 993turbos.
Let us not forget that there are 2 sides to every transaction. the seller gets 95k minus his auction fee (my guess 5-10%), so he is only getting 85-90 for the car and was willing to sell at that price. another factor is the excitement/prestige of BJ; this may have influenced both buyer and seller. curious if this car was shown on tv?

cobalt

Well when you consider the Ex Seinfeld speedster sold for about the same and the rarity of the turbo S compared to the pricing of the 94 turbo S IMO it is not a promising future. Although there are far fewer 94 turbo S's the fact that they command close to MSRP is showing the strength in the 964 turbo market vs what seems to be a declining 993TT market. I know of a modified 94 turbo with 39k miles nothing extraordinary but a clean car sell for $75 just a month ago.

How much would a 39k mile average 993TT fetch using your equation?

993TurboS

72k. Not average, but all original, 100% clear and clear.

The bid-ask spread is huge on all of these cars and easily overwhelms the precision suggested by any formula.

I think of this in terms of what a mile costs on a car. A turbo S with 30k miles costs about $1 per mile in market value. Considering that the cost of carrying one with zero miles is probably at least $5k a year, the vast majority of the cost of ownership is simply parking it in the garage. You can drivethis turbo S 0 miles for $5k a year or 3k miles for 8k a year (etc.).

As for the 94 Turbo S, there were less than 1/4 the number made. I don't know what they sell for, but a ultra low mile 993 turbo S should sell for about MSRP.

Of course, the guy who paid 150k for a car 12 years ago that sells it with no miles now for 175k has lost a lot of money on that car. He probably paid several thousand a year to insure, store, and maintain it, and a 12 year treasury paid back about a 100% total return over that period.