Notices
997 Forum 2005-2012
Sponsored by:
Sponsored by:

Kelly Blue Book reports 997.1 prices are climbing

Thread Tools
 
Search this Thread
 
Old 09-19-2018, 10:47 PM
  #31  
ATSR
Burning Brakes
 
ATSR's Avatar
 
Join Date: Nov 2012
Location: Wellington, FL
Posts: 1,075
Likes: 0
Received 202 Likes on 94 Posts
Default

So I decided to check Kelly Blue Book for the current value of my car after seeing this thread, and I was pleasantly surprised by the number that came up. Not only the number itself makes me happy, but I think it’s really important that these used car value websites are keeping up with the real market price of our cars since most insurance companies base their valuation on these results. The last time I checked (approx 1 year ago) the number was about 10k too low!

By the way, I paid 52.5k for my car 3 years and 3 months ago with 20k miles less (it has 39k right now) and CPO warranty.




Old 09-19-2018, 11:12 PM
  #32  
workhurts
Three Wheelin'
 
workhurts's Avatar
 
Join Date: Apr 2014
Location: NoVa
Posts: 1,379
Likes: 0
Received 288 Likes on 171 Posts
Default

"KBB, making Zillow look accurate"

So ran some numbers. Showed a C2S being cheaper than a C2 997.2, shows trade in being higher than private on my M coupe and about 10-15k under market value.
Old 09-19-2018, 11:23 PM
  #33  
Skwerl
Drifting
 
Skwerl's Avatar
 
Join Date: Jun 2001
Location: San Antonio
Posts: 2,352
Received 303 Likes on 185 Posts
Default

Yeah, I just tried a hypothetical 2009 6-speed Turbo coupe, 12,000 miles, and got $72k private party, which is way too low.
Old 09-19-2018, 11:50 PM
  #34  
ATSR
Burning Brakes
 
ATSR's Avatar
 
Join Date: Nov 2012
Location: Wellington, FL
Posts: 1,075
Likes: 0
Received 202 Likes on 94 Posts
Default

Originally Posted by workhurts
"KBB, making Zillow look accurate"

So ran some numbers. Showed a C2S being cheaper than a C2 997.2, shows trade in being higher than private on my M coupe and about 10-15k under market value.
Is the C2S you are talking about a 997.1 or a 997.2? If it is a .1, then I completely agree with KBB on that one.
Old 09-20-2018, 12:37 AM
  #35  
workhurts
Three Wheelin'
 
workhurts's Avatar
 
Join Date: Apr 2014
Location: NoVa
Posts: 1,379
Likes: 0
Received 288 Likes on 171 Posts
Default

Both 997.2, perhaps I forgot to add or remove an option but think I did it right.

It also shows a $2k difference between private party and trade-in.

Not saying we haven't bottomed out and that there isn't an uptick in prices but kbb has always been a bit lacking when it comes to non mainstream vehicles.

Originally Posted by ATSR


Is the C2S you are talking about a 997.1 or a 997.2? If it is a .1, then I completely agree with KBB on that one.
Old 09-20-2018, 09:20 AM
  #36  
David HUDGENS
Instructor
 
David HUDGENS's Avatar
 
Join Date: Jun 2017
Location: Minnesota
Posts: 248
Received 6 Likes on 5 Posts
Default

Try using NADA and compare the values.
Old 09-20-2018, 09:36 AM
  #37  
raspritz
Burning Brakes
 
raspritz's Avatar
 
Join Date: Aug 2009
Location: Denver
Posts: 1,196
Received 252 Likes on 161 Posts
Default

I have owned my '07 997.1 since new. About once every two or three months I get a call from the local P-car dealer to whom I still take it for service asking if I'd like to sell it, as they have had a constant demand for used 997s. I'm not interested in selling.
Old 09-21-2018, 08:16 AM
  #38  
groovzilla
Rennlist Member
 
groovzilla's Avatar
 
Join Date: Oct 2007
Location: seattle, washington
Posts: 16,665
Received 4,427 Likes on 2,700 Posts
Default

The 2005 997 Tiptronic silver/black roller on BAT sold for $14,000
Old 09-21-2018, 09:27 AM
  #39  
NuttyProfessor
Three Wheelin'
 
NuttyProfessor's Avatar
 
Join Date: Aug 2018
Posts: 1,968
Received 218 Likes on 162 Posts
Default

Originally Posted by raspritz
I have owned my '07 997.1 since new. About once every two or three months I get a call from the local P-car dealer to whom I still take it for service asking if I'd like to sell it, as they have had a constant demand for used 997s. I'm not interested in selling.
I get these kinds of emails for all of my cars. That's an old technique of luring you into something newer. More than likely the dealership will give you the bottom of the barrel offer outright or adjust the numbers to make it look like you're getting top dollar in a trade situation. It's rare that a dealership will just buy cars back for resell unless there is huge demand. This happens with highly exclusive, low production numbered cars. It's better to sell you car outright or auction it on sites like BringATrailer. On my last sports car, most of the dealerships wouldn't give me more than $15,000 as trade allowance. Most were in the $12K range. I sold it on eBay for $20,000.
Old 09-21-2018, 11:36 AM
  #40  
8Lug
Burning Brakes
 
8Lug's Avatar
 
Join Date: Dec 2017
Location: Northeast
Posts: 1,160
Received 821 Likes on 387 Posts
Default

Originally Posted by groovzilla
The 2005 997 Tiptronic silver/black roller on BAT sold for $14,000
I was watching that and thought it was a crazy number unless the buyer has a spare motor already sitting in his garage. You have to figure at least $20k for a new motor so he's all in at $34k. Plenty of non-S Carreras out there with that mileage and tiptronic for less money.
Old 09-21-2018, 12:49 PM
  #41  
911EK
AutoX
 
911EK's Avatar
 
Join Date: Sep 2018
Location: Earth
Posts: 11
Likes: 0
Received 0 Likes on 0 Posts
Default

Hello all, new to the Porsche ownership world. In the process of acquiring a 2011 997.2 TTS. 19,000 miles. Looking to drive it about a 1,000 miles a year. Will it depreciate? Hold its value? Thanks for any feedback......
Old 09-21-2018, 01:43 PM
  #42  
groovzilla
Rennlist Member
 
groovzilla's Avatar
 
Join Date: Oct 2007
Location: seattle, washington
Posts: 16,665
Received 4,427 Likes on 2,700 Posts
Default

Originally Posted by 8Lug
I was watching that and thought it was a crazy number unless the buyer has a spare motor already sitting in his garage. You have to figure at least $20k for a new motor so he's all in at $34k. Plenty of non-S Carreras out there with that mileage and tiptronic for less money.
Or buyer wants to build a race car - I was wondering what someone could recoupe selling Tip transmission and dead motor? I'd have to think at least $7K??
Then you sell wheels/tires, seats, interior parts not needed for racing and you get close to getting tub for dirt cheap.
Old 09-22-2018, 09:33 AM
  #43  
TheBruce
Three Wheelin'
Thread Starter
 
TheBruce's Avatar
 
Join Date: Feb 2017
Location: San Francisco
Posts: 1,746
Received 444 Likes on 161 Posts
Default

Ha! Nice video, Michael. I recognize that post.

Old 09-23-2018, 07:21 AM
  #44  
mbath
Track Day
 
mbath's Avatar
 
Join Date: Feb 2017
Location: Sydney, Australia
Posts: 24
Received 4 Likes on 2 Posts
Default

�� your post inspired me to talk about the 997... although it is pretty easy!
Not being in the US it is good to know this info. The comparative site in Australia (Redbook) does
not seem to have changed or updated values for the 997.1.

Cheers!
Old 09-24-2018, 11:48 PM
  #45  
TheBruce
Three Wheelin'
Thread Starter
 
TheBruce's Avatar
 
Join Date: Feb 2017
Location: San Francisco
Posts: 1,746
Received 444 Likes on 161 Posts
Default

Keep on the videos Michael. I enjoy them! You have one fantastic looking 997. Love the wheels, stripe and drop. Where did you get the stripe and where you able to match the stripe color to the wheels?

Here is another video I just ran across.



Quick Reply: Kelly Blue Book reports 997.1 prices are climbing



All times are GMT -3. The time now is 10:24 AM.