bvnguyen516

01 23xxx miles silver coupe
GT2 front bumper
GT3RS buckets
19" autoart 2pc mesh
Rear cage
Chipped
Bilstein coilovers
Adjustable control arms
Front & rear sways
Kenwood dvd head unit
red stitch wheel
carbon option ****
maintenance records from p-dealer
new clutch/flywheel

SSST

Based on market values, NADA says it's worth as much as 42K retail if it is clean. If it clears a PPI, it's probably a decent deal if the add-ons are important to you. Of course there is a risk if the mods weren't done well.

porka

anything earlier than a 2003 will be harder to finance.. if your a cash buyer then no worries.

be patient and get exactly what you want, i will say that having a cpo is a real plus if you dont mind paying dealer money

bvnguyen516

it cleared a ppi recently.. you think a more fair price is 41 then? i found a different car that better suits me and my lifestyle..

deckman

Sounds like a good car. Try and get a DME readout. Is the front bumper OEM or aftermarket? Exhaust?

Kevinmacd

According to Excellence mag, the numbers quoted are 2010 prices. As a caviat, they usually say to add an additonal 10% for low mileage. So $41k to $42k is probably about right.
2001 low $29,400
high $39,400

SSST

For the car in you OP. If it were a stock car, I would be trying for 39. The owner probably thinks the mods are worth some money and is looking for a buyer that thinks they are as well.

You have to decide what if anything you think the mods are worth.

It sounds like Excellence and NADA are pretty close to one another. I've never used Excellence, but this past Spring when I was shopping I used NADA and found it to be very accurate. I found Edmunds and KBB to be high. At least in my area.

Of course the sellers want to use KBB and Edmunds and the buyers should use NADA.

Hoosier_Daddy

No, it's not too much.

My '01 sold for 40 with less done to it, fewer goodies, original clutch and twice the mileage last month. It was also a tracked car and the buyer knew it.

bvnguyen516

It is an oem bumper. Oem exhaust.

Thanks for the input guys

c32AMG-DTM

Let's take an '02 996TT X50, PCM, full leather, CD changer, etc.

IMHO... KBB might average a little high, but their valuations seem to dial-in better with the actual 996TT market when it comes to the options/adjustments you can select.

Trying to price an '02 X50, NADA says a clean retail '02 with 29k mi should be $44,325. KBB puts that car at $57,225. NADA doesn't allow you to even select X50 or not. KBB at least lets you check if it was optioned with X50, full leather, aero kit, etc. Those options carry some intrinsic value in the 996TT marketplace, yet NADA doesn't account for them - essentially saying a model with those options is worth no different than a base 996TT.

I've seen CPO '02 X50's listed retail for $60k with similar mileage in the last 8-9 months... and sell for mid-50's. So, way above NADA, but pretty much in line (slightly below) KBB.

FWIW... YMMV.

Clever_User_Name

Just paid $41.5 for a stock '01 with 26k miles last week. One owner in cherry condition. As mentioned above, financing was not easy. Had to go through a credit union, but got it done.

SSST

There are lot's of variables in buying a car. Especially when dealing with private buyers and sellers. When dealing with a dealer, 90% of them use NADA to value the car, and certain options on a 10 year old car don't impact the wholesale value to the dealer.

Using your example, for the 13K differential, I can bring a standard turbo well beyond X50 specs for much less than 13k. So what's the real value of the X50 on a 10 year old car? Hard to say exactly.

My point being if you have good information on wholesale auction values, and start with that as the basis for your negotiation, you can often save some money.

Then again every car, and every buyer and seller is different. I just don't like leaving too much money on the table. Less for mods.

Kevinmacd

Kelley blue book allows the X50 package as a selectable option

SSST

Is the X50 worth something. Sure it is. Is it worth 13K on a 10 year old car. Not in my opinion.

All I know is KBB and Edmund's both said my car was worth 9K more than I paid for it. NADA said it was worth 3K more than I paid for it. I used NADA as the basis for my negotiations and it worked out well.

That was my experience and if it helps someone with their negotiating strategy then fine. If they want to take a different route then that is fine as well.

Kevinmacd

SSST, the Kelley book for the 2002 has the X50 as a $2K difference between the base and the option. It kinda backs up what you are saying.