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997.1 year + mileage = value

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Old 01-27-2019, 01:09 PM
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Steph1
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Default 997.1 year + mileage = value

Gents, here's what I mean.

To your knowledge, is a 2006 C2 cab 5sp sport chrono with 20000 miles worth $10G more than a 2008 C2 cab 5sp with 67000 miles without sport chrono????

just trying to evaluate the impact of mileage on the value of a 997.

Year is one thing, but when you throw in the mileage in the equation on similarly equiped vehicles, where does the balance tip???
Old 01-27-2019, 01:16 PM
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996AE
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One car has 47k more miles and that impacts wearables.

As for value, ownership and service history and west vs east cars make a huge difference if driven year round.

I do think that higher mi cars will have fewer buyers thus impacting value.

Great question.




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Old 01-27-2019, 02:24 PM
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LISsailor
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A lot of people use these cars about 5k miles/yr. In my estimation 50k miles is the difference in 10yr ownership period. There is little mechanical difference between an 06 and an 08 so mileage for me is the big issue. YMMV!
Old 01-27-2019, 02:27 PM
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Condition and maintenance. My 88k 06 looks better than most 30k mile cars I've seen in person, and I can throw in a stack of records back to new.
Old 01-27-2019, 03:19 PM
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Steph1
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Originally Posted by 996AE
One car has 47k more miles and that impacts wearables.

As for value, ownership and service history and west vs east cars make a huge difference if driven year round.

I do think that higher mi cars will have fewer buyers thus impacting value.

Great question.
Originally Posted by LISsailor
A lot of people use these cars about 5k miles/yr. In my estimation 50k miles is the difference in 10yr ownership period. There is little mechanical difference between an 06 and an 08 so mileage for me is the big issue. YMMV!
So I kind of see things the same way. So in the end, the question is....Given that the 08 has 67000 miles and all the maintenance records and is in super shape, is the 06 worth $10000 more because it has only 20000 miles?
Old 01-27-2019, 03:28 PM
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raidersfan
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Originally Posted by Steph1
So I kind of see things the same way. So in the end, the question is....Given that the 08 has 67000 miles and all the maintenance records and is in super shape, is the 06 worth $10000 more because it has only 20000 miles?
Maybe! Maybe not: as noted above, ownership history makes a huge difference. Condition does as well. Some 20k mile cars look like 60k mile cars, and vice versa.

I wouldn't buy a worn-out looking car, period. I would buy an 80,000 mile car that has been wrapped from day one and looks to be in great shape! As most of us are pretty OCD when it comes to our cars, these examples are not hard to find.
Old 01-27-2019, 03:44 PM
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Originally Posted by 996AE
One car has 47k more miles and that impacts wearables.

As for value, ownership and service history and west vs east cars make a huge difference if driven year round.

I do think that higher mi cars will have fewer buyers thus impacting value.

Great question.




.
totally agree. A dealership will agree too.
Old 01-27-2019, 03:50 PM
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cwheeler
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And sport chrono on a manual makes little difference. Some prefer it without. On an auto, it has been said it's a must.... do that may lay a factor in price as well.
Old 01-28-2019, 01:01 AM
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captainbaker
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Originally Posted by Steph1
So I kind of see things the same way. So in the end, the question is....Given that the 08 has 67000 miles and all the maintenance records and is in super shape, is the 06 worth $10000 more because it has only 20000 miles?
All thing equal, I would say yes. Mileage is a big metric when determining value on a used car. This is assuming both cars were kept in an equal level of care, in similar climates bla bla bla.

With that said, I would do a more invasive PPI on the 06 if there are no service records. But at 20k miles, there arent going to be a lot of records. Water pump, coolant res and coil packs are on the docket due to age.
Old 01-28-2019, 01:14 AM
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wjk_glynn
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Originally Posted by Steph1
...just trying to evaluate the impact of mileage on the value of a 997.
Dunno about the 997.

But back in late 2016, I reckoned the effect of mileage on the asking price of a 997.2 was $0.18/mile (as a very rough approximation) with everything else being equal.

See https://rennlist.com/forums/997-foru...hat-i-saw.html
Old 01-28-2019, 06:48 AM
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I am biased as I own a 2008.

A 13 year old car with 20K miles is ok as long as it has been serviced extensively. I have seen some very low mileage cars with very minimal servicing. Also, there are some differences in the 2006 vs 2008. The HVAC control ***** are not subject to the sticky mess of the 2006. The starter wiring harness in the 2006 is a bit more problematic. All minor stuff but still stuff.

An 11 year old car that has miles but superb service history and is $20K less...…..I know where my vote would be.
Old 01-28-2019, 07:52 AM
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Why would a 20k car have an extensive service history? I bought my '05 three years ago with 17k miles. It had a service history that amounted to annual check-ups. 12 oil and fluid changes, and some miscellaneous dealership add-ons. Hardly extensive, but I'd consider it an appropriate service history. Now at 27k, my 9k miles, I have upgraded/ modded many things, but the only extensiving of the service history I have added would be 3 oil and fluid services, tires, sway bar bushings, and scheduled maintenance. Which at 27k miles, still isn't much.

I'm may do water-pump, coolant expansion tank, plugs and coils, but only as a pre-emptive measure to satisfy my OCD. Nothing is indicating they need to be changed.

I'd understand the desire for an extensive service history above 80k miles, maybe, but at 20k miles, I'd be more interested in general condition and appearance of the car. I think an extensive service history would almost indicate a car to stay away from. As it may have either been beat on, or is/was full of factory defects, or both.

These aren't Buggatis, and they're not museum pieces, or investment vehicles (this is the 997 forum , not turbo, gt2, 3 or RS) I think expecting an extensive service history for a 20k mile 997 is kind of silly.

Last edited by Arctic997; 01-28-2019 at 08:15 AM.
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Old 01-28-2019, 08:26 AM
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Chris M.
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Originally Posted by Steph1
Gents, here's what I mean.

To your knowledge, is a 2006 C2 cab 5sp sport chrono with 20000 miles worth $10G more than a 2008 C2 cab 5sp with 67000 miles without sport chrono????

just trying to evaluate the impact of mileage on the value of a 997.

Year is one thing, but when you throw in the mileage in the equation on similarly equiped vehicles, where does the balance tip???
I also think it depends on what you're going to do with the car. If it's going to get a couple thousand miles a year and you plan to sell in 5 years then paying a low mileage premium makes sense. If you're going to daily drive it, put 15k a year on it, and keep it forever then I don't see a point in paying more for a low mileage car. In either case you're buying the seller (which means records, well-serviced, etc) so do your homework in that regard.
Old 01-28-2019, 09:34 AM
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I think both are priced accurately. Maybe the low mileage one should be $7,500 more rather than $10,000 more. I, for one, am one of the guys that prefers to not have the sport Chrono option on a MT car, especially if it has PSE.

BTW, the 997s are 6 speed cars, rather than 5 speed, but we know what you mean.
Old 01-28-2019, 10:50 AM
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Tcc1999
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Originally Posted by Steph1
Gents, here's what I mean.

To your knowledge, is a 2006 C2 cab 5sp sport chrono with 20000 miles worth $10G more than a 2008 C2 cab 5sp with 67000 miles without sport chrono????

just trying to evaluate the impact of mileage on the value of a 997.

Year is one thing, but when you throw in the mileage in the equation on similarly equiped vehicles, where does the balance tip???
If you are looking for a real world answer to this question you are on the wrong forum. This one (forum) is filled with enthusiasts who understand a great deal about many aspects of the 911. They are not typical buyers (who are likely less informed). While their advice on mileage, service, and year of production, as it relates to value, is very good, it does not really represent how all buyers approach these relationships. Some buyers with limited funds want a 911 so badly they are willing to overlook year and mileage while others are willing to wait for the perfect unicorn to show up - and there are a many buyers in-between these two end points. Read all the posts here and digest the info, then do a bit of research (if you can find it) on what the general public thinks about the relationship between mileage and value and model year (probably based on sales figures), and come to your own conclusion. I just don’t think there is a good one size fits all formula when you consider the emotional factors that likely play a considerable role in buying a 911. Best of luck.


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