993tt s at Barrett Jackson
#16
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.
#19
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.
#20
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.
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.
#22
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.
#23
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?
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?
#24
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.
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.
How much would a 39k mile average 993TT fetch using your equation?
#25
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.
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.