Craigslist, EBay and Other Online Finds
02-03-2016, 01:53 PM
#376
Also you mentioned that he said at least one panel was repainted so something obviously happened even if Carfax doesn't show it. Could be minor, could be major.
People put too much stock in Carfax. Our 996 has been fixed by insurance 4 times. Last I look I think only one showed up. The Cayenne needed to be fully repainted and a bunch of exterior trim replaced to the tune of about $19k. My insurance paid it and then made the responsible party pay for it, but it's still not on Carfax.
02-03-2016, 02:01 PM
#377
Drifting
Yes I recently looked at a 993 that had a clean carfax and thru my own inspection and following up on some leads the car had collision damage= the car was priced to cheap and made me question.
02-03-2016, 02:01 PM
#378
Rennlist Member
Thread Starter
xmacie - I definitely believe we will see prices going up due to spring buying fever starting very soon. Concur with you on the mileage - although when I spoke with the seller he said the mileage was a negative. He also placed emphasis on the 5 owners and the previous repair as being significant. I think he is used to dealing with buyers who want very low miles, one owner and no paintwork.
If you are the type who just wants a garage queen and never puts any miles on the car, those are big issues. So, even though he said that the car looks very good, he is realistic in evaluating its warts when it comes to dealing with very discerning buyers. From time to time, you hear of people who only put like 1,000 miles on their car every 3 years or so. I cannot imagine why anyone would even have a car like a 996TT if it isn't going to be driven. They are great cars, but they are simply not collector cars. A very low mileage GT2 might be considered collectible, but a regular 996TT isn't now and won't be for probably 100 years. This car is not one for the collector, but any knowledgeable collector isn't buying a regular 996TT to sit around.
For me, the biggest issue isn't the paint work (per seller it has been repaired correctly and I figure I'm going to get paint chips when I drive the car anyway), it's the looming accumulator repair. Figure that drops the price from $38,000 or $39,000 down to $35k. Would we be surprised to see a 2001 model selling for $39,000? Probably not. Nothing wrong with the 2001, but most people would rather have the 2002 and newer and the market does reflect that. I notice in the Carsforsale.com ad for this car that it was the front bumperette warts. Although not a huge issue, still a negative in my book.
If you are the type who just wants a garage queen and never puts any miles on the car, those are big issues. So, even though he said that the car looks very good, he is realistic in evaluating its warts when it comes to dealing with very discerning buyers. From time to time, you hear of people who only put like 1,000 miles on their car every 3 years or so. I cannot imagine why anyone would even have a car like a 996TT if it isn't going to be driven. They are great cars, but they are simply not collector cars. A very low mileage GT2 might be considered collectible, but a regular 996TT isn't now and won't be for probably 100 years. This car is not one for the collector, but any knowledgeable collector isn't buying a regular 996TT to sit around.
For me, the biggest issue isn't the paint work (per seller it has been repaired correctly and I figure I'm going to get paint chips when I drive the car anyway), it's the looming accumulator repair. Figure that drops the price from $38,000 or $39,000 down to $35k. Would we be surprised to see a 2001 model selling for $39,000? Probably not. Nothing wrong with the 2001, but most people would rather have the 2002 and newer and the market does reflect that. I notice in the Carsforsale.com ad for this car that it was the front bumperette warts. Although not a huge issue, still a negative in my book.
02-03-2016, 02:06 PM
#379
Rennlist Member
Thread Starter
No one said Carfax was 100% accurate. He told me right away that the car had paintwork on the right quarter panel, but no known accidents and that the Carfax was clean. When you say "honestly I'm sure if the vin was ran . . . all would be self evident" that means that you think Carfax (or I suppose a similar service) will show something other than what has been disclosed.
02-03-2016, 02:10 PM
#380
Accumulator repair is $4k?
02-03-2016, 02:13 PM
#381
xmacie - I definitely believe we will see prices going up due to spring buying fever starting very soon. Concur with you on the mileage - although when I spoke with the seller he said the mileage was a negative. He also placed emphasis on the 5 owners and the previous repair as being significant. I think he is used to dealing with buyers who want very low miles, one owner and no paintwork.
If you are the type who just wants a garage queen and never puts any miles on the car, those are big issues. So, even though he said that the car looks very good, he is realistic in evaluating its warts when it comes to dealing with very discerning buyers. From time to time, you hear of people who only put like 1,000 miles on their car every 3 years or so. I cannot imagine why anyone would even have a car like a 996TT if it isn't going to be driven. They are great cars, but they are simply not collector cars. A very low mileage GT2 might be considered collectible, but a regular 996TT isn't now and won't be for probably 100 years. This car is not one for the collector, but any knowledgeable collector isn't buying a regular 996TT to sit around.
For me, the biggest issue isn't the paint work (per seller it has been repaired correctly and I figure I'm going to get paint chips when I drive the car anyway), it's the looming accumulator repair. Figure that drops the price from $38,000 or $39,000 down to $35k. Would we be surprised to see a 2001 model selling for $39,000? Probably not. Nothing wrong with the 2001, but most people would rather have the 2002 and newer and the market does reflect that. I notice in the Carsforsale.com ad for this car that it was the front bumperette warts. Although not a huge issue, still a negative in my book.
If you are the type who just wants a garage queen and never puts any miles on the car, those are big issues. So, even though he said that the car looks very good, he is realistic in evaluating its warts when it comes to dealing with very discerning buyers. From time to time, you hear of people who only put like 1,000 miles on their car every 3 years or so. I cannot imagine why anyone would even have a car like a 996TT if it isn't going to be driven. They are great cars, but they are simply not collector cars. A very low mileage GT2 might be considered collectible, but a regular 996TT isn't now and won't be for probably 100 years. This car is not one for the collector, but any knowledgeable collector isn't buying a regular 996TT to sit around.
For me, the biggest issue isn't the paint work (per seller it has been repaired correctly and I figure I'm going to get paint chips when I drive the car anyway), it's the looming accumulator repair. Figure that drops the price from $38,000 or $39,000 down to $35k. Would we be surprised to see a 2001 model selling for $39,000? Probably not. Nothing wrong with the 2001, but most people would rather have the 2002 and newer and the market does reflect that. I notice in the Carsforsale.com ad for this car that it was the front bumperette warts. Although not a huge issue, still a negative in my book.
Personally, I'm not interested in that one at all. I just posted it here since, well, everyone posted decent bargains 996 in this thread.
I'm actually working on a deal with a mint 996tt 1300 miles away from me with carbon interior and sports seats. It is a 2001 and the price is MUCH more then 35k, but then again, it is in completely different condition then the one for $35k.
Having said that, are 2001 REALLY that much lower then a 2002 in value? I understand there are about 5 differences between the two cars and then the never ending theory about 25% stiffer frame... but I see 2001 priced just as well as 2002+ ones. Obviously condition and miles play the biggest factor.
02-03-2016, 02:17 PM
#382
Rennlist Member
Any idea how many e30 M3's were ever built? 18K - Now how many of those can you find for sale?
The 996tt WILL escalate in value as more and more versions are beat to HELL/wrecked/raced/etc. A simple game of supply and demand. In 10 more years, it will be hard to find a junk 996tt for sale, let alone one that is properly stored/maintained.
02-03-2016, 02:31 PM
#384
Instructor
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Not that I bought mine as an investment (more so I could own before prices went UP), but you do realize production numbers of 996tt run in the 16K vehicle range.
Any idea how many e30 M3's were ever built? 18K - Now how many of those can you find for sale?
The 996tt WILL escalate in value as more and more versions are beat to HELL/wrecked/raced/etc. A simple game of supply and demand. In 10 more years, it will be hard to find a junk 996tt for sale, let alone one that is properly stored/maintained.
Any idea how many e30 M3's were ever built? 18K - Now how many of those can you find for sale?
The 996tt WILL escalate in value as more and more versions are beat to HELL/wrecked/raced/etc. A simple game of supply and demand. In 10 more years, it will be hard to find a junk 996tt for sale, let alone one that is properly stored/maintained.
As much as some want to beat the 996tt is depreciating drum ... these cars ARE going up. You can hear the drumbeats in the forums, you can hear them in the motoring press and you hear them in the market.
I saw IDENTICAL arguments in the 930 market. We all said ... I bought my 930 to drive ... I am not interested in market values ... The 996tt has no 'soul'.
How did that work out for me? I sold the 930 and got into a 996tt.
Last edited by Shadetree930; 02-03-2016 at 05:15 PM.
02-03-2016, 02:39 PM
#385
Drifting
Some people just want a nice example and the money isn't a big deal. My favorite car is a modded 1999.5 A4 1.8 5spd with close to a 100k in excellent condition, I have way more in it than what it is worth. I recently looked at same exact car with around 32k miles in excellent condition and there was no comparison= his was nicer and that will be the case most of the time. I don't care how many miles I plan on driving a car in that I want the nicest lowest mile example I can find. If a car as mentioned doesn't fit my budget I look for a something else that does= many great cars to choose from. I can give examples all day of cars in the past that people thought were toilet paper that are now sought after and rare.
02-03-2016, 03:17 PM
#386
Rennlist Member
Thread Starter
Well, a collector car and a car that will appreciate in value are oftentimes different things. A Veyron is a collector car. An Aventador is a collector car. As mentioned, even a GT2 that has very low mileage is a collector car. With very few exceptions, all cars, even collector cars, will lose value when they are driven off the new car lot. At some point, the value of almost all sports cars and many other types of cars will increase and people refer to them as "classic cars". But not all classic cars are collector cars. Just because a car isn't a collector car doesn't mean it isn't a great car or that it won't appreciate in value. You can daily drive a 996TT. You probably won't see any Veyrons used as grocery getters.
I agree that a 996TT is at the bottom of its depreciation curve currently. I believe all types of 996s are hitting bottom pricewise right now. Despite current prices, these 996s are all fantastic cars. I agree that prices will climb in the future. But that doesn't make them collector cars. They are meant to be driven - not be garage queens.
I agree that a 996TT is at the bottom of its depreciation curve currently. I believe all types of 996s are hitting bottom pricewise right now. Despite current prices, these 996s are all fantastic cars. I agree that prices will climb in the future. But that doesn't make them collector cars. They are meant to be driven - not be garage queens.
02-03-2016, 03:25 PM
#387
Drifting
All these comment are opinions including mine, There are people with money that treat the Veyrons like they are disposable= yes I can name some but for political reasons I'm not going down that road. I have had friends growing up that had vey nice collections and all were driven- some more than others. I never thought of their cars/collections as garage queens but things that they enjoyed having around and using as they saw fit. Garage queen is a term used by mostly jealous people= that's an opinion not fact.
02-03-2016, 03:41 PM
#388
All these comment are opinions including mine, There are people with money that treat the Veyrons like they are disposable= yes I can name some but for political reasons I'm not going down that road. I have had friends growing up that had vey nice collections and all were driven- some more than others. I never thought of their cars/collections as garage queens but things that they enjoyed having around and using as they saw fit. Garage queen is a term used by mostly jealous people= that's an opinion not fact.
02-03-2016, 03:45 PM
#390
I can appreciate a good garage queen and meant nothing derogatory. I can't afford one at this point (or spare the space) and if I could, my garage queen would not be a 996TT. Too much fun to drive.
