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Advice needed. market price for 997.1

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Old 04-26-2021, 11:50 AM
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Bbiela
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Default Advice needed. market price for 997.1

I'm looking at a 997.1 4S, 6 speed with full factory aero with 70,000 miles, asking price is $55k. Car has 3 owners, current just purchased less than 6 months ago, other two owners were from a single family. Most of the miles were put on by the original owner than driven about 1700 miles per year. Maintenance seems to be mainly up to date date, but appears to need water pump and serpentine belt due to age.

Is this a fair price or high based upon the miles? Thanks for your advice.

Last edited by Bbiela; 04-26-2021 at 11:54 AM. Reason: missing information
Old 04-26-2021, 11:53 AM
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arscottp
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That price is way too high, especially for a non S

With those miles, mid to low 40s IMO

https://bringatrailer.com/listing/20...-carrera-s-79/
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Old 04-26-2021, 11:53 AM
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Bbiela
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sorry its for a 4S
Old 04-26-2021, 11:59 AM
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arscottp
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4S is more desirable. But the miles are holding it back.

I think there are lower mileage examples out there for the same money. If you are set on the aerokit then sometimes you have to pay to play because they are rare.
Old 04-26-2021, 12:15 PM
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TopKatz
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That mileage is not that bad. Even if it’s an 08 it’s around 5k a year. More important is how much wear it has. Seats and paint mainly. Additionally major service it’s such as clutch and fly wheel, plugs, coil packs , brakes and tires. If you pay 55k and all of that was recently done then it turns into a good deal. If you pay that and she’ll out 5-10k more in maintenance then not so much.

Most important is if the car is what you want. At that price it should check all of your box’s. The car is not an investment but you won’t want to be thinking that you settled at that number.
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Old 04-26-2021, 12:19 PM
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arscottp
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Historical data to educate yourself on what these have been selling for (add 5% buyers fee to these prices)

https://bringatrailer.com/listing/20...carrera-4s-32/

https://bringatrailer.com/listing/20...s-cabriolet-4/

Last edited by arscottp; 04-26-2021 at 12:21 PM.
Old 04-26-2021, 01:37 PM
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cwheeler
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I've seen several .1s pushing up prices. I'm glad to see it. Make sure you do an invasive PPI. And if it's everything you want, go for it.

Cw
Old 04-26-2021, 02:03 PM
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seoulshakers
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Originally Posted by Bbiela
I'm looking at a 997.1 4S, 6 speed with full factory aero with 70,000 miles, asking price is $55k. Car has 3 owners, current just purchased less than 6 months ago, other two owners were from a single family. Most of the miles were put on by the original owner than driven about 1700 miles per year. Maintenance seems to be mainly up to date date, but appears to need water pump and serpentine belt due to age.

Is this a fair price or high based upon the miles? Thanks for your advice.
I paid around that price for my 08 c4s with 25k miles one owner and 2 year dealer CPO. No aero kit but already ordered a front aero bumper that I will get this week.
Old 04-26-2021, 02:32 PM
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DesmoSD
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Seems a bit high for the mileage but a PPI and condition trumps those. I would be a bit cautious as to why the previous owner only owned it for 6 months.
Old 04-26-2021, 02:43 PM
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3rdpedal
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I am about to sell my 08 997.1 C4S Cab Manual with some nice options and 32k miles and I am expecting to get close to $60k given the current market. The mileage on that does seem higher, but not unreasonably priced for what you mentioned. Currently a bit of a sellers market and has trickled down into the 997.1s and is not just reserved for the 997.2s anymore. I don't expect prices to get better, as there are more and more buyers and with fairly scarce inventory (especially on the 6 speed MT side), when you find what you want, be prepared to act.
Old 04-26-2021, 03:03 PM
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4Driver4
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In the current market, $50k is a decent deal if the car is nice.
You guys estimating it at under 50, have you been watching prices lately? Sales from last summer are no longer relevant; the market is taking off.
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Old 04-26-2021, 03:14 PM
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arscottp
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https://www.cargurus.com/Cars/invent...edEntity=c3381

There are multiple cars for sale with fewer miles for less money.
Old 04-26-2021, 04:01 PM
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roadie13
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Right or wrong, the mileage holds it back from premium money. I assume this is a coupe. W/o the aero kit this would be $42-45K car. The aero kit is rare and can jack the price
by $5K or more. My recommendation would be to figure out whether the car has been maintained to enthusiast's standards (which at this mileage should probably include the water pump as preventive maintenacnce, as well as plug changes two times.).

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Old 04-26-2021, 05:30 PM
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With 70k miles, that price may be a touch high, but manual 997 4S coupes are a bit tough to find in the current market.
Old 04-26-2021, 05:41 PM
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heavysixer22
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How much would you pay to not lose the car? If the answer is a few grand (and maybe even less given it has the rare full factory aero option you covet), then you should consider it an investment in your happiness.

It's a little premium judging by where the rising market currently sits, but not too high if it's the car you want (and the PPI checks out).

Good luck—hope you get what you want!


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