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The Prestige Thread - Finest 996TT Market Finds

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Old 05-26-2017, 06:08 PM
  #406  
Freddie Two Bs
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Originally Posted by Carlo_Carrera
The buying and selling of cars is a lot like the stock market. Looking for an under valued asset to buy and resell later for a profit.

Car dealers are not my favorite people but if the seller agreed to a sale price then why be upset? Car dealers have mortgages to pay too.
Like I said, in this case the seller only has himself to blame.

But in the more general case, your stock market analogy doesn't quite work, in my opinion. Buying an undervalued asset bears the risk that the asset will puke instead of appreciating (that risk is nonexistent with most porsches at this price level). Then the appreciation of the asset would likely manifest itself over a fairly long period of time, or would require activism on the investor's side, or both. But more than anything else, if it's a publicly listed stock, anyone can buy. If I decide not to buy ticket XYZ or WTF and you do and it turns out a great investment, good for you.

Car flipping is more like ultra-low latency "trading" (in fact, scalping), which I have nothing against, because they make a penny on $1000, so who cares. Thing is though with cars they siphon off a quarter or a third or more of the value of my purchase, just because they have a bunch of bozos refreshing all car websites all day every day, so **** those ****ing leeches.
Old 05-26-2017, 06:51 PM
  #407  
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And there's another element where enthusiasts who are passionate about their community of other enthusiasts, would just like to see the car go to another enthusiast within the community. To many of these folks, that desire outweighs leaving a few $k on the table.

I believe the seller of my car only posted it on 6so and here, because he wanted to see it go to an enthusiast. He probably could have gotten more $ if that were his only motivation.

While I might personally argue that listing your car at a nice high price ensures that the true enthusiast who wants it the most will get it -- I think there is another element at play with enthusiasts, sometimes.
Old 05-26-2017, 07:22 PM
  #408  
Carlo_Carrera
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Originally Posted by rick brooklyn
Like I said, in this case the seller only has himself to blame.

But in the more general case, your stock market analogy doesn't quite work, in my opinion. Buying an undervalued asset bears the risk that the asset will puke instead of appreciating (that risk is nonexistent with most porsches at this price level). Then the appreciation of the asset would likely manifest itself over a fairly long period of time, or would require activism on the investor's side, or both. But more than anything else, if it's a publicly listed stock, anyone can buy. If I decide not to buy ticket XYZ or WTF and you do and it turns out a great investment, good for you.

Car flipping is more like ultra-low latency "trading" (in fact, scalping), which I have nothing against, because they make a penny on $1000, so who cares. Thing is though with cars they siphon off a quarter or a third or more of the value of my purchase, just because they have a bunch of bozos refreshing all car websites all day every day, so **** those ****ing leeches.
I do not think it is like scalping because tickets are a set price and sold at that price to all first purchasers.

There is no set price for used Porsches. What if this car the dealer bought blew an engine the day after he bought it? There is risk to used car pricing evaluation and flipping cars. A lot like day trading momentum stocks. Like Tesla.

Last edited by Carlo_Carrera; 05-26-2017 at 08:11 PM.
Old 05-30-2017, 01:38 PM
  #409  
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..

Last edited by Danger; 06-02-2017 at 12:36 PM.
Old 06-02-2017, 01:19 AM
  #410  
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Here's one with 8,500 miles for $85k listed in the for sale section: https://rennlist.com/forums/vehicle-...-optioned.html
Old 06-02-2017, 01:24 AM
  #411  
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Originally Posted by Danger
Looked at this 996TT. Small dealer selling it. He just got it yesterday and hasn't listed it for sale. 02 with 116k. rough around the edges but told me he'd let me have it at $32k. I'm not going for it, if anyone wants it, here is the contact 6026067416



That would be a great car to post up in The Craigslist Thread.

https://rennlist.com/forums/996-turb...ine-finds.html
Old 06-04-2017, 11:11 PM
  #412  
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Keep 'em coming
Old 06-07-2017, 10:06 PM
  #413  
Freddie Two Bs
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Bold color scheme on this one

http://www.bonhams.com/auctions/24120/lot/236/
Old 06-08-2017, 01:00 AM
  #414  
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Originally Posted by rick brooklyn
very bold but most of that can be corrected. 996 Turbo S Coupes are rare in the states not sure on build numbers for UK. The only thing that seems off to me is the seat wear is excessive for the mileage.
Old 06-09-2017, 09:58 AM
  #415  
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Here's a low mileage 2003 X50 for $59995.

https://www.cargurus.com/Cars/l-Used...ting=173819620

if only it was a cab
Old 06-13-2017, 11:26 PM
  #416  
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Originally Posted by dewilmoth
My brother will likely be offering his 2005 Midnight Blue Metallic TTS 6-speed coupe shortly. 39K miles, $155K MSRP, and Aerokit. Easily the best optioned 996 I've ever come across.


2005 Porsche 911 Turbo S Coupe
Division: PCNA

Prod Month: 09/2004
Price: $155,170.00
Exterior: Midnight Blue Metallic
Interior: Natural Leather Grey
Warranty Start: June 04, 2005

Heated Front Seats
Thicker Steering Wheel
Electric Sport Seat Left Side
Electric Sport Seat Right Side
Carbon Interior Package
Midnight Blue Metallic
Sport Seats w/Full Leather Int
Natural Leather Grey
Stainless Steel Exhaust Pipes
Natural Leather
Turbo Aerokit
Sport Shifter
Rims and Caps - Exterior Color
Porsche Crest in Headrest
Front Floor Mats w/"Porsche"
Custom Tailoring
As previously promised, pics attached. Sorry it took so long. The color is just phenomenal in person, can't even explain it. Such a special car.
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Old 06-14-2017, 02:44 PM
  #417  
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^ Beautiful car.

whats his asking?
Old 06-16-2017, 11:31 AM
  #418  
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Maybe just "near-prestige:"
https://seattle.craigslist.org/see/ctd/6171345820.html
Old 06-16-2017, 12:26 PM
  #419  
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Originally Posted by bugeyemilo
^ Beautiful car.

whats his asking?
No kidding, that natural gray is close enough to black to make this car a perfect combo. It's stunning!
Old 06-16-2017, 12:31 PM
  #420  
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Originally Posted by bugeyemilo
^ Beautiful car.

whats his asking?
He's pretty non-committal to selling it, I think it's going to take an offer.


Originally Posted by Road King
No kidding, that natural gray is close enough to black to make this car a perfect combo. It's stunning!
The picture actually lightens it some. If I saw it in person without seeing the build sheet, I would assume it's black.


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