gulshan

I have never sold or bought privately. (always at a dealer). I now need to sell my BMW 335 and then buy a 997. I have done the carmax appraisal and checked all the usual (edmunds, kbb, blackbook , forum for sale listings to get an idea of the market price). Based on such analysis I come up with a number which correctly reflects the market value for my BMW. When I do the same analysis for a 997 the market pricing and my analysis do not match. There is a 2005 C2S listed at a P dealer for $42k , a 2009 C2S private sale for $41k all under 75k miles. (both manual clean carmax), Even 997's with accident on carfax are listing as if nothing happened..I see prices trending upwards even though it is winter and also not like 997's are flying of the shelf (supply / demand) . Some have been sitting on the lot for a whole year. What am I missing ?

C4SDayton

I have had mine for almost 4 months and saw the same thing. Mileage, service, condition, color, and options play a seemingly different role with Porsche prices than with many other brands. With a new base 992 with minimal options over 100k, 997's are holding strong and some even increasing slightly. I had a 50-60k artificial budget to get a lower mileage, excellent condition 997 with minimal options I wanted and any year after 2005, preferably within driving distance to test drive and inspect myself. My best advice is decide the highest price you want to pay, only search fairly close to that limit and find one that you don't want to live without. Include some mods you might want and some money for unexpected service and add a couple extra thousand in so you aren't surprised. Oh, and do NOT open any thread with IMS, water pump, bore scoring, sunroof won't open, or the word battery in the thread, you will be more satisfied for it. I love mine: driving it daily, looking at it, doing a little wrenching on it. My only regret is waiting a few years longer to get one.

zdeckich

What options are on the 997? Have full leather and sport chrono or maybe ceramic brakes? All these can bring a premium .

Balr14

Several factors are involved. First, resale value is usually a factor of original price and even insignificant options on other cars are expensive on a Porsche. You need to run the VIN to see what the car cost originally. Second, the service performed at various intervals can be expensive ($1k - $2k). If it has or has not been done, it can influence the price. Next, most Porsches are bought and sold in warm weather states where season isn't a major factor. As you observed, they aren't flying off the shelves. 911s have never been volume sellers, so there isn't the same data sample available to determine accurate prices. Last, but not least, most Porsche owners (and dealers) have an inflated idea of what their car is worth.

There is typically a $3k - $5k difference between wholesale and retail. A dealer is going to try to get full retail. Private sellers are all over the place, but the reasonable ones typically split the difference between wholesale and retail.

Iceter

ManoTexas

MrSlacker

Porsche market is all over the place. There are a LOT of sellers who ask insanely large amounts just because they want to make a lot of money.

Then KBB and other valuation sites value 997s VERY low - I just did KBB on my 997.1 S that I am putting up for sale and it came back with $27K... if I list it at this price, entire Rennlist will be at my doorstep with cash in hand.

You need to be patient and find the right car at the right seller.

gulshan

Holy cow ! Appreciate all the responses. It looks like buying a 997 is like buying a horse. i need to know lineage, pedigree, raced or used for poney rides. Cross between jack and mare or was a donkey involved in a gang bang..

BG3

LMAO! This is exactly how I feel right now!

MrSlacker

To give you an idea... I was recently selling a 996 C4S. Beautiful car, spotless. Every person was offering me $5-7K less than my asking price without even seeing or driving the car. It was prices lowest in the country for mileage (61K) etc.

Then RL'er from 900 miles away flew in, asked for a $500 discount to cover his transportation expenses and drove it home with a huge smile on his face.

Market is all over the place and everyone is trying to outsmart one another.

DesmoSD

The 997.2 C2S for 41K sounds like a good deal. Do you have the link for the ad.

gmorat

$45k with a full leather interior is a bit of a steal.

https://rennlist.com/forums/market/1121233#post15538157

kellen

Good luck. First try to figure out if you want a 997.1 vs. 997.2. Then S, 4 or 4S model, coupe, vs cabriolet and manual vs. automatic. That can help narrow the pricing easily.

General rules are buy the seller before the car. Answer the above and we can narrow a price range.

Also offers sell cars, not listing prices.

Balr14

I second this. It looks like a very nice car at a realistic price.

gulshan

Must have sold. It was on this site in the marketplace section.