Notices
996 Turbo Forum 1999-2005
Sponsored by:
Sponsored by:

Looking for a high mileage DD. Pitfalls

Thread Tools
 
Search this Thread
 
Old 04-11-2016, 08:30 PM
  #16  
T10Chris
Three Wheelin'
 
T10Chris's Avatar
 
Join Date: Dec 2015
Location: Bellevue, WA
Posts: 1,405
Received 161 Likes on 116 Posts
Default

I DD mine, around 90k miles on it. I didn't buy it with the intention to DD it, but that's how it worked out

Check for transmission popping out of gear if you go with a 6 speed. Nothing unsual to check for compared to a lower mileage example, look for the same things and treat it like any other car you would check out. I ended up buying a higher mileage car even though I budgeted for about 10k more than I actually spent because it checked out so well.

I used this as a guide http://porsche996turboblog.blogspot....sues-list.html
Old 04-11-2016, 11:29 PM
  #17  
Motorama
Intermediate
 
Motorama's Avatar
 
Join Date: Aug 2015
Posts: 45
Likes: 0
Received 0 Likes on 0 Posts
Default

On the same subject, I'm curious about what you guys think a fair price is for a lightly modded 6 speed with under 150k miles. Assuming that about half of its current mileage was racked up in the past 6 years by the same owner with lots of detailed service records during that time but no records prior to that.

Thank you.
Old 04-12-2016, 08:45 AM
  #18  
cmd4
Pro
 
cmd4's Avatar
 
Join Date: Feb 2011
Location: asheville nc
Posts: 524
Likes: 0
Received 0 Likes on 0 Posts
Default

mid to high twenties.
Old 04-12-2016, 09:38 AM
  #19  
greencalex
Instructor
 
greencalex's Avatar
 
Join Date: Mar 2016
Posts: 143
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by cmd4
mid to high twenties.
I've been shopping for cars that fall into the category that was being described, and would say that the above is about what the seller probably will have to accept for the car.


It is not unreasonable for the seller to hope for $30k, but he would be unlikely to get $35k; too many cars available at lower mileage for that latter figure.


Of course, if the car is really greatly sorted now, then that might warrant a higher price from the right buyer, but as others have noted, even a good PPI does not mean that there are not major repair items just around the corner, and higher mileage probably makes that more likely. It is the rare high-mileage car (in my experience) that has had a lot of major stuff done to it; usually, they got to that mileage because they are run reasonably trouble free...
Old 04-12-2016, 09:59 AM
  #20  
88mmm
Instructor
 
88mmm's Avatar
 
Join Date: May 2015
Posts: 210
Received 0 Likes on 0 Posts
Default

Originally Posted by cmd4
mid to high twenties.
That's about right for a car with 150K on the clock. IMO the sweetspot for these cars right now are in the 70k to 90k range. They are available in the low $30k range and many have gone though a midlife refresh of major components; clutch, suspension, waterpump, alternators, etc. That's where I would focus for a reasonable daily driver.
Old 04-12-2016, 11:28 AM
  #21  
T10Chris
Three Wheelin'
 
T10Chris's Avatar
 
Join Date: Dec 2015
Location: Bellevue, WA
Posts: 1,405
Received 161 Likes on 116 Posts
Default

As a reference point for higher mileage cars, I received a serious cash offer from a coworker for my over 90k mile car at $36k. He said whenever I am ready to let it go, give him first dibs and he will pay that price no questions asked.
Old 04-12-2016, 01:57 PM
  #22  
TomF
RL Community Team
Rennlist Member
 
TomF's Avatar
 
Join Date: Apr 2002
Location: Seattle
Posts: 3,723
Received 146 Likes on 126 Posts
Default

Originally Posted by T10Chris
As a reference point for higher mileage cars, I received a serious cash offer from a coworker for my over 90k mile car at $36k. He said whenever I am ready to let it go, give him first dibs and he will pay that price no questions asked.
Yes, but take this with a grain of salt as this data point comes from the greater Seattle area, (where I live as well) and prices here are easily 20-30% higher than most other parts of the country.

Cheers,
TomF
Old 04-12-2016, 02:31 PM
  #23  
Freddie Two Bs
Drifting
 
Freddie Two Bs's Avatar
 
Join Date: Oct 2014
Posts: 3,256
Received 462 Likes on 294 Posts
Default

Not only that, but the coworker can afford to bid high as there is enormously less moral hazard in buying from a coworker that you know and trust compared to some shady mothereffer who people rightly assume only wants to stick a massive pole up their backside. So the same car on the lot of a third rate dealer who mainly sells beat up buicks and nissans would be worth a lot less.
Old 04-13-2016, 08:44 PM
  #24  
"02996ttx50
Banned
 
"02996ttx50's Avatar
 
Join Date: Aug 2011
Posts: 6,522
Received 25 Likes on 21 Posts
Default

a 996tt with 150k miles isn't "worth" a nickel over 25k in DOLLARS but in fun quotient it's priceless.
Old 04-13-2016, 09:50 PM
  #25  
greencalex
Instructor
 
greencalex's Avatar
 
Join Date: Mar 2016
Posts: 143
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by "02996ttx50
a 996tt with 150k miles isn't "worth" a nickel over 25k in DOLLARS but in fun quotient it's priceless.
I will say though, that it is tough to find any examples any lower than that figure.


Believe me, I was trying for a good while...


Another thing I will say is that ultimately, I decided I would rather get a higher mileage example for cheap, knowing that if there were major issues, my net out of pocket could not be much worse than the cost of a lower mileage example. The alternative of getting a "better" car possibly only to find some big ticket problem a few months into ownership (resulting in a net "crazy" out of pocket price) was unappealing to me.


Mind you, I realize that many would not agree with my reasoning...
Old 04-13-2016, 11:15 PM
  #26  
Motorama
Intermediate
 
Motorama's Avatar
 
Join Date: Aug 2015
Posts: 45
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by "02996ttx50
a 996tt with 150k miles isn't "worth" a nickel over 25k in DOLLARS but in fun quotient it's priceless.
Actually 140k miles & did pay more than that for it but aside from the previously mentioned records, my decision to purchase the car were also supported by very strong compression and leakdown engine test results. At the end I was looking for a very well maintained car with higher mileage that I could actually use as a DD if needed without the concerns that comes with putting miles on a low-mileage garage queen.

Regardless, I wholeheartedly agree about the fun quotient point.

Thanks.
Old 04-13-2016, 11:26 PM
  #27  
"02996ttx50
Banned
 
"02996ttx50's Avatar
 
Join Date: Aug 2011
Posts: 6,522
Received 25 Likes on 21 Posts
Default

to both you moto and greencalex. i'm on my 2nd 996 tt and i paid 42. i OVERpaid knowingly because it had about 75% of what i ultimately was going to do in mods already done. i also knew the provenance of the car its maint history and the folks that maintained it as WELL as the seller personally. so in that regard i'm the rare one for whom the mods were a distinct plus. but this was a much safer buy. i didn't even PPI it. i drove it for 10 minutes and "paypalled" my bud.

i have since ( 5 yrs maybe? ) probably spent in the range of 35/40k$ in maint and added mods and excessively compulsive maint and more mods and haven't saved ONE receipt because i don't give a sh*t about receipts or "resale". but sadly, my car would fetch 25K ( ish ) from a dealer and MAYBE 30K ( ish ) from a PP that knew and understood how matched and well sorted my car is ( for what i do w it )..

but then having said all that. ANYone drives this thing would also pay me 27/30k on the spot also after a 10 minute drive. 135k miles +/- i can't remember lol. it's just that good. couple of scratches be damned

cheers guys and welcome if you've both picked one up. these are golden. who cares what that are "worth". a 15 min drive and i am ALIVE lol

so that's why i'm always lowballing when I talk about the actual monetary value of the car. its sad but true. if i HAD? to sell tomorrow? or wanted to fast? it's 25k fast and 30 slower.

it's just what it's "worth". by contrast my last 993 would be worth 50/60k now LOL.

waddya gonna do....
Old 04-14-2016, 12:43 AM
  #28  
FRUNKenstein
Rennlist Member
 
FRUNKenstein's Avatar
 
Join Date: Jun 2003
Location: Overland Park, KS
Posts: 6,013
Received 297 Likes on 171 Posts
Default

^ Hey don't forget about the 140 bucks you spent on that Sprint Booster doohickey.
Old 04-15-2016, 05:53 PM
  #29  
dprantl
Race Car
 
dprantl's Avatar
 
Join Date: Dec 2003
Location: Atlanta, GA
Posts: 4,477
Likes: 0
Received 3 Likes on 3 Posts
Default

Originally Posted by kcattorney
^ Hey don't forget about the 140 bucks you spent on that Sprint Booster doohickey.
Oh man, you didn't just do that.

Dan
Old 04-15-2016, 08:08 PM
  #30  
"02996ttx50
Banned
 
"02996ttx50's Avatar
 
Join Date: Aug 2011
Posts: 6,522
Received 25 Likes on 21 Posts
Default

hah! you guys are a laugh riot!

3 figure mistakes i can handle


Quick Reply: Looking for a high mileage DD. Pitfalls



All times are GMT -3. The time now is 12:11 PM.