Got an offer on the car - thoughts?
02-25-2012, 12:03 AM
#1
Odd Posts
Rennlist Member
Rennlist Member
Thread Starter
Got an offer on the car - thoughts?
I have an offer at CDN 20K on my 1999 - 996 C4. Asking 23.5K.
Clean car with 105K miles
New engine 2007
Rebuilt transmission 2010
X-74 2011
All maintenance UTD.
https://rennlist.com/forums/9054516-post173.html
What do you think? Take it or wait?
Clean car with 105K miles
New engine 2007
Rebuilt transmission 2010
X-74 2011
All maintenance UTD.
https://rennlist.com/forums/9054516-post173.html
What do you think? Take it or wait?
02-25-2012, 01:31 AM
#3
If the interior is as mint as it looks in photos, plus your new wheels/tire combo and knowing you have maintained
alot of documents / repairs, I think you can stand firm between $21.5 and $22.5K.
engine and trans pretty much new. If it drives solid, then you have a very decent example of
an early 996 C4.
good luck with the sale Fergus.
Ed.
alot of documents / repairs, I think you can stand firm between $21.5 and $22.5K.
engine and trans pretty much new. If it drives solid, then you have a very decent example of
an early 996 C4.
good luck with the sale Fergus.
Ed.
02-25-2012, 07:05 AM
#7
Rennlist Member
I think you know where I stand. Keep in mind that 991s are out and it will push 997.1 prices down. I would take the bird in hand. Might as well rip the band aid off. These cars were never investments.
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02-25-2012, 09:47 AM
#9
$20k is pretty close to market. You do have some nice mods but I think I would sell.
02-25-2012, 10:19 AM
#10
Instructor
First that's a gorgeous car. You have the ride height perfect IMO.
The others are probably right in running with a good offer but you don't mention if you counter offered yet. Maybe you can negotiate another $500 to $1000 and feel better about the transaction?
The others are probably right in running with a good offer but you don't mention if you counter offered yet. Maybe you can negotiate another $500 to $1000 and feel better about the transaction?
02-25-2012, 10:57 AM
#11
Odd Posts
Rennlist Member
Rennlist Member
Thread Starter
Thanks for all the input.
The seller was firm that his budget was $20K and that he had no ability to beyond that price, when I probed for a counter.
The seller was firm that his budget was $20K and that he had no ability to beyond that price, when I probed for a counter.
02-25-2012, 11:12 AM
#13
how many other SERIOUS offers have you received?
how LONG have you been trying to sell?
are you in RUSH to sell?
Answers to above three should help you decide to accept or refuse this offer.
how LONG have you been trying to sell?
are you in RUSH to sell?
Answers to above three should help you decide to accept or refuse this offer.
02-25-2012, 11:52 AM
#14
Three Wheelin'
I'd ask the buyer to split the difference but that's just me.
That said, as others have said, "a bird in the hand..."
Some things to consider:
- A new engine and transmission aren't necessarily good things to all people.
- Regardless of what people say about their cars lasting forever 100K miles is still a defining point for market pricing. A car, any car, is going to drop precipitously in value when it hits that kind of mileage. While some might run from a low mileage example for any number of reasons, I'd bet there are more who will run from cars with more than 100K miles (right or wrong).
- Also, while appealing to the right buyer, aftermarket add-ons aren't universally appealing to everyone. It means someone else played with "their" car even if some of the mods are improvements. You'll also find plenty of people who won't like the new wheels, radio, etc.
- Accidents kill value even if they're minor.
I don't know how long you've had your car for sale but I wouldn't jump at the first buyer's offer if it's below your expectations. There are a lot of buyers out there and, unless you're dying to get rid of it or have had it for sale for a while, I'd be inclined to hold out. Remember, most buyers aren't Porschephiles who live on Rennlist. Most are just astonished they can get into an $80k dream-mobile for around $20k.
However, if you're going to slap yourself if you were to succumb to selling your car for $20k in a few months rather than today then just take the deal and don't look back. It all comes down to how quickly or badly you want or need to sell your car.
My 1/2 of a cent,
-Eric
P.S. To put my opinion into perspective, I wouldn't consider your car at any price because of a few of the issues noted above...and I think your car looks great! For me, the extent of repairs done to the car suggests that it has lived a hard life (even if that's not the case) or is just ridden with bad luck and these aren't cheap cars to maintain when big items need repair. Yes, it has a new tranny and relatively new engine but it also has a lot of expensive parts with high mileage including a complicated AWD system and I'd be wondering which might be the next to go.
That said, as others have said, "a bird in the hand..."
Some things to consider:
- A new engine and transmission aren't necessarily good things to all people.
- Regardless of what people say about their cars lasting forever 100K miles is still a defining point for market pricing. A car, any car, is going to drop precipitously in value when it hits that kind of mileage. While some might run from a low mileage example for any number of reasons, I'd bet there are more who will run from cars with more than 100K miles (right or wrong).
- Also, while appealing to the right buyer, aftermarket add-ons aren't universally appealing to everyone. It means someone else played with "their" car even if some of the mods are improvements. You'll also find plenty of people who won't like the new wheels, radio, etc.
- Accidents kill value even if they're minor.
I don't know how long you've had your car for sale but I wouldn't jump at the first buyer's offer if it's below your expectations. There are a lot of buyers out there and, unless you're dying to get rid of it or have had it for sale for a while, I'd be inclined to hold out. Remember, most buyers aren't Porschephiles who live on Rennlist. Most are just astonished they can get into an $80k dream-mobile for around $20k.
However, if you're going to slap yourself if you were to succumb to selling your car for $20k in a few months rather than today then just take the deal and don't look back. It all comes down to how quickly or badly you want or need to sell your car.
My 1/2 of a cent,
-Eric
P.S. To put my opinion into perspective, I wouldn't consider your car at any price because of a few of the issues noted above...and I think your car looks great! For me, the extent of repairs done to the car suggests that it has lived a hard life (even if that's not the case) or is just ridden with bad luck and these aren't cheap cars to maintain when big items need repair. Yes, it has a new tranny and relatively new engine but it also has a lot of expensive parts with high mileage including a complicated AWD system and I'd be wondering which might be the next to go.
