FOR SALE: 2002 Porsche 996. Blue coupe, 6 speed.
12-07-2010, 10:28 AM
#61
Im in the same boat as you, Ahmet. Posted mine for sale here and on 6speed and got no serious bites. Craigslist produced a bunch of dreamers and time wasters. Im not in a rush to sell so have been avoiding autotrader but that will be the next step. GLWS.
12-07-2010, 10:39 AM
#62
Nordschleife Master
If it is not on Autotrader, Cars.com, etc then you are severely limiting your market. If it is there you will find that there are a ton of cars available and the prices are in the toilet. Somebody spending 25K on an almost 10 year old car obviously has money to spend so they will probably spend a bit more and get a "better" 996 or early 997 (or possibly a 993).
If you are on those sites and it isn't selling it is obviously a price issue driven by quantity and season. If you want that car gone now, then that mental hurdle of 20K is what is hurting you. Listing at 19.9K and being firm should get it done now rather than asking 25K and willing to come down. Take the "coming down" out of the mix and you will get more serious offers.
It just depends on how bad you need to sell it. If you are of the "I don't need to sell it" school of thought then you will alienate buyers knowing they have very little negotiating ability. If you do need to sell it you need to SET THE MARKET not chase it. 19.9K would set the market and you'd be the first of hundreds of early 996's in the low to mid 20's that is actually in great condition languishing on the market.
FYI....there are almost 300 hundred 99-04 996's on cars.com priced in the 15-30K range and they all are very similar!
If you are on those sites and it isn't selling it is obviously a price issue driven by quantity and season. If you want that car gone now, then that mental hurdle of 20K is what is hurting you. Listing at 19.9K and being firm should get it done now rather than asking 25K and willing to come down. Take the "coming down" out of the mix and you will get more serious offers.
It just depends on how bad you need to sell it. If you are of the "I don't need to sell it" school of thought then you will alienate buyers knowing they have very little negotiating ability. If you do need to sell it you need to SET THE MARKET not chase it. 19.9K would set the market and you'd be the first of hundreds of early 996's in the low to mid 20's that is actually in great condition languishing on the market.
FYI....there are almost 300 hundred 99-04 996's on cars.com priced in the 15-30K range and they all are very similar!
12-07-2010, 11:48 AM
#63
Nordschleife Master
Yeah that pretty much sums it up.
I'm planning on waiting for after the New Year. Cars out here range between 18,000 and 24,000 with highs and lows above and below. I figure around 22K for mine. There's alot of these cars so buyers from out of state are not an issue for the typical 996. 22K and sellling price not far from that will make me ok with letting go...
Christmas is killing the time to buy something for yourself. When you post on Autotrader, state something about no brokers or other ad agencies. Two years ago I tried to sell my step moms car. 90% of the contacts were brokers or other ad agencies..... REALLY ANNOYING. Last time I tried to sell a car was in 2001 and never had that issue.
And WTF Dell? 993? (Actually I like them, but it's blasphemy!)
I'm planning on waiting for after the New Year. Cars out here range between 18,000 and 24,000 with highs and lows above and below. I figure around 22K for mine. There's alot of these cars so buyers from out of state are not an issue for the typical 996. 22K and sellling price not far from that will make me ok with letting go...
Christmas is killing the time to buy something for yourself. When you post on Autotrader, state something about no brokers or other ad agencies. Two years ago I tried to sell my step moms car. 90% of the contacts were brokers or other ad agencies..... REALLY ANNOYING. Last time I tried to sell a car was in 2001 and never had that issue.
And WTF Dell? 993? (Actually I like them, but it's blasphemy!)
12-07-2010, 12:32 PM
#65
Nordschleife Master
12-07-2010, 01:06 PM
#67
Rennlist Member
12-07-2010, 01:09 PM
#68
If it is not on Autotrader, Cars.com, etc then you are severely limiting your market. If it is there you will find that there are a ton of cars available and the prices are in the toilet. Somebody spending 25K on an almost 10 year old car obviously has money to spend so they will probably spend a bit more and get a "better" 996 or early 997 (or possibly a 993).
If you are on those sites and it isn't selling it is obviously a price issue driven by quantity and season. If you want that car gone now, then that mental hurdle of 20K is what is hurting you. Listing at 19.9K and being firm should get it done now rather than asking 25K and willing to come down. Take the "coming down" out of the mix and you will get more serious offers.
It just depends on how bad you need to sell it. If you are of the "I don't need to sell it" school of thought then you will alienate buyers knowing they have very little negotiating ability. If you do need to sell it you need to SET THE MARKET not chase it. 19.9K would set the market and you'd be the first of hundreds of early 996's in the low to mid 20's that is actually in great condition languishing on the market.
FYI....there are almost 300 hundred 99-04 996's on cars.com priced in the 15-30K range and they all are very similar!
If you are on those sites and it isn't selling it is obviously a price issue driven by quantity and season. If you want that car gone now, then that mental hurdle of 20K is what is hurting you. Listing at 19.9K and being firm should get it done now rather than asking 25K and willing to come down. Take the "coming down" out of the mix and you will get more serious offers.
It just depends on how bad you need to sell it. If you are of the "I don't need to sell it" school of thought then you will alienate buyers knowing they have very little negotiating ability. If you do need to sell it you need to SET THE MARKET not chase it. 19.9K would set the market and you'd be the first of hundreds of early 996's in the low to mid 20's that is actually in great condition languishing on the market.
FYI....there are almost 300 hundred 99-04 996's on cars.com priced in the 15-30K range and they all are very similar!
I actually was in a very similiar situation trying to sell the wife's BMW a few years ago. Too much supply(over 500 examples on eBay) with lower mileage cars going only for slightly more prompted me to drop the price until it sold merely because we had to sell it.
People with disposable income to buy an older "toy" will pay a bit more most likely to get a lower mileage and better example(in their eyes) as LVDell has indicated.
For the people trying to scrape funds together to get a starter Porsche will most likely want to buy one closer to high teens, lower 20's to feel like they got the best deal and for the fact that KBB for example only has an excellent condition listed around 20k private party. This would limit any buyers looking to finance one of these to that range since banks will not lend them any more.
One thing I've noticed with the down economy is that I've been seeing low mileage 911's coming out of the woodwork and on the sales block for very reasonable prices. I'm sure this can also work against you too.
To be objective, I think pricing is one factor coupled to the high mileage(relative) that might scare away some potential buyers new to Porsches.
I know this isn't what you want to hear but hang in there and be persistent and try all avenues of marketing your car. All it takes is that 1 buyer as they say...
12-07-2010, 04:15 PM
#69
I don't own a 996 yet, but the search for "my" car is in high gear. I've been surveying the market for a year+, and I'm now at the point where I'm checking all the usual suspects (autotrader, cars.com, craigslist, ebay, pelican, here) multiple times per day. Also, I've bought and sold several older BMWs and a Porsche 944 in the last few years. I mention all that so you can put my opinions in context.
I tend to grade out cars in four categories: price, caliber of maintenance, mileage, and options/mods. I've seen tons of cars that are solid in all four categories, and I've seen several that are special in one of the four. Thus far, I've only seen one car that was special in three of the four, an '00 C2 in Texas 3-4 months ago, but it sold before I was ready for it.
Ahmet, I think your car is beautiful and immensely well kept. But -- forgive me for being blunt -- I think it is special in only one of the four categories: caliber of maintenance. And even in that one, the IMS bearing, water pump, and coolant reservoir haven't been done as far as I understand, which means there's 2-3 bigger jobs upcoming, depending on the buyer's opinion on IMS upgrades.
I really, really don't mean to criticize your car; again, I think it is drop-dead gorgeous! I'm just trying to give you the buyer's perspective as to why it may not have sold yet. I think if you bring the maintenance up further or drop the price, you'll have better luck. For frame of reference, the best car I've seen in the last couple weeks is a two-owner, well-maintained '99 C2 in VA with 103k miles and a new motor at 52k. Seller was asking $18k, and that car had service records back to new. Obviously though, it being a MkI, it's not an apples-to-apples comparison.
Anyway, hope that helps. Best of luck with the sale, it's clear that whoever buys it will be getting a hell of a car!
Vik
I tend to grade out cars in four categories: price, caliber of maintenance, mileage, and options/mods. I've seen tons of cars that are solid in all four categories, and I've seen several that are special in one of the four. Thus far, I've only seen one car that was special in three of the four, an '00 C2 in Texas 3-4 months ago, but it sold before I was ready for it.
Ahmet, I think your car is beautiful and immensely well kept. But -- forgive me for being blunt -- I think it is special in only one of the four categories: caliber of maintenance. And even in that one, the IMS bearing, water pump, and coolant reservoir haven't been done as far as I understand, which means there's 2-3 bigger jobs upcoming, depending on the buyer's opinion on IMS upgrades.
I really, really don't mean to criticize your car; again, I think it is drop-dead gorgeous! I'm just trying to give you the buyer's perspective as to why it may not have sold yet. I think if you bring the maintenance up further or drop the price, you'll have better luck. For frame of reference, the best car I've seen in the last couple weeks is a two-owner, well-maintained '99 C2 in VA with 103k miles and a new motor at 52k. Seller was asking $18k, and that car had service records back to new. Obviously though, it being a MkI, it's not an apples-to-apples comparison.
Anyway, hope that helps. Best of luck with the sale, it's clear that whoever buys it will be getting a hell of a car!
Vik
12-07-2010, 07:03 PM
#70
Addict
Rennlist Member
Rennlist Member
Thread Starter
I don't think I've seen a manual coupe MK2 at under $20k (or anywhere near it). I've turned down a $24.5k for it a couple of months ago, and autotrader.com had suggested I price it at something like $28k when I advertised it.
I don't need to sell, but my car ADD is kicking in...
I don't need to sell, but my car ADD is kicking in...
12-07-2010, 07:31 PM
#71
Nordschleife Master
12-07-2010, 07:38 PM
#72
Love the blue - reminds me of the ocean around Hawaii. Too bad it isn't a cab 
12-07-2010, 09:05 PM
#73
Addict
Rennlist Member
Rennlist Member
Thread Starter
You're probably right Dell, I don't need to sell for financial reasons, but I do want to sell so I can play with something different. You under estimate my car ADD..
Did I mention the brand new tires?
Did I mention the brand new tires?
12-07-2010, 09:27 PM
#75
Instructor
I don't think I've seen a manual coupe MK2 at under $20k (or anywhere near it). I've turned down a $24.5k for it a couple of months ago, and autotrader.com had suggested I price it at something like $28k when I advertised it.
I don't need to sell, but my car ADD is kicking in...
I don't need to sell, but my car ADD is kicking in...