A great deal on a 997S launch car
08-29-2006, 10:51 PM
#32
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Not really. I never did track the 997S, but can say with a certainty it was far more precise and had far more real world speed and stability than my GT3.
There was a little bit of a left-right hop when you loaded the car up hard, but nothing out of the ordinary for a 911 (IMO). In comparison, the GT3 was a friggen handful on all but perfect roads or the racetrack, even with a dialed in alignment.
The instability that Excellence cited I always had a problem with. I think the author in those articles is making much ado about nothing, and I stated this to him on a thread on rennteam.
Hope that helps.
There was a little bit of a left-right hop when you loaded the car up hard, but nothing out of the ordinary for a 911 (IMO). In comparison, the GT3 was a friggen handful on all but perfect roads or the racetrack, even with a dialed in alignment.
The instability that Excellence cited I always had a problem with. I think the author in those articles is making much ado about nothing, and I stated this to him on a thread on rennteam.
Hope that helps.
08-30-2006, 07:37 AM
#34
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To Tarpon 1 and others who may own these and be looking to sell.
I initiated a thread about a month ago regarding any interest in my car. No replies. I jump on Jeff's thread and mention a price and bam, I have had much interest in the car.
I don't quite understand the concept of not listing your car for what it is really worth for fear that someone might actually pay it!
I have one of these launch cars and wish it were really going to be able to fetch 80k, but it just is not going to happen. Wholesale value is right around 65-67k.
As far as I am concerned, it is my job to get anything over that I can. I know what the market is for these cars just as I know what the market is for the GT3s that I am looking to get into.
Unfortunately, and I do not intend this mean, it is what it is my friend!
I initiated a thread about a month ago regarding any interest in my car. No replies. I jump on Jeff's thread and mention a price and bam, I have had much interest in the car.
I don't quite understand the concept of not listing your car for what it is really worth for fear that someone might actually pay it!
I have one of these launch cars and wish it were really going to be able to fetch 80k, but it just is not going to happen. Wholesale value is right around 65-67k.
As far as I am concerned, it is my job to get anything over that I can. I know what the market is for these cars just as I know what the market is for the GT3s that I am looking to get into.
Unfortunately, and I do not intend this mean, it is what it is my friend!
08-30-2006, 09:23 AM
#35
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I do admit, it is quite shocking dealing with depreciation on these cars. Not quite as bad as a 7 series bimmer or a british car such as the AMs, but astounding nonetheless.
The used car market is not kind to loaded up models, and the launch cars show that. The goodies do help a car sell faster, but hold limited value.
Then you look at a company like Ferrari, and you realize that cost of ownership isn't all that different after figuring in depreciation, despite the high cost of entry.
The used car market is not kind to loaded up models, and the launch cars show that. The goodies do help a car sell faster, but hold limited value.
Then you look at a company like Ferrari, and you realize that cost of ownership isn't all that different after figuring in depreciation, despite the high cost of entry.
08-30-2006, 09:27 AM
#36
Three Wheelin'
Originally Posted by frayed
I do admit, it is quite shocking dealing with depreciation on these cars. Not quite as bad as a 7 series bimmer or a british car such as the AMs, but astounding nonetheless.
The used car market is not kind to loaded up models, and the launch cars show that. The goodies do help a car sell faster, but hold limited value.
Then you look at a company like Ferrari, and you realize that cost of ownership isn't all that different after figuring in depreciation, despite the high cost of entry.
The used car market is not kind to loaded up models, and the launch cars show that. The goodies do help a car sell faster, but hold limited value.
Then you look at a company like Ferrari, and you realize that cost of ownership isn't all that different after figuring in depreciation, despite the high cost of entry.
only true on ferrari if you dont put many miles on it...i bet a 2yr 430 with 30k miles will depreciate just as badly
08-30-2006, 03:46 PM
#37
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Even higher mileage 360 fetch a lot from what I've seen. Even so, my experience bears out the stark reality of Porsche ownership.
Bought a GT3 used for 90k (the going rate at the time), only got 75k a year later with 5k more on the clock.
Bought a 997S launch car for 85k, got 65k less than a year later and 6k more miles on the clock.
The GT3 and 997S were both used and reflected their values at the time (low retail).
In contrast, I know what the Modena cost my friend, and, of course, what I paid. Two years of depreciation and 5300 miles = $5,000.
I got no axe to grind. Porsche makes great cars. The problem is, they make too godamn many of them. Simple issue of supply and demand.
--------------------
Note that the subject of this thread, a deal on my prior car, is a low mileage car. Two years old and 9k on the clock. Comparing retail to retail, it went from 85k to 70k in one year.
Bought a GT3 used for 90k (the going rate at the time), only got 75k a year later with 5k more on the clock.
Bought a 997S launch car for 85k, got 65k less than a year later and 6k more miles on the clock.
The GT3 and 997S were both used and reflected their values at the time (low retail).
In contrast, I know what the Modena cost my friend, and, of course, what I paid. Two years of depreciation and 5300 miles = $5,000.
I got no axe to grind. Porsche makes great cars. The problem is, they make too godamn many of them. Simple issue of supply and demand.
--------------------
Note that the subject of this thread, a deal on my prior car, is a low mileage car. Two years old and 9k on the clock. Comparing retail to retail, it went from 85k to 70k in one year.
08-30-2006, 03:57 PM
#38
Three Wheelin'
agreed - porsche is turning into a production manufacturer - ie the reason for the boxster and cayman and cayenne...you will continue to see more and more of them and other models down the road..if you want exclusivity - by a ferrari or lambo or bugatti...mercedes was once exclusive - now there are like 40 models starting at 30k
also - when you consider depreciation you have to factor in bid-ask spread - which can be 10% or more
if you buy a $110k car negotiated down to $100k - you will lose atleast 15k the second you drive off the lot...the buyer of this now used car will want a discount from what he could negotiate on a new car plus the dealer gotta make his cut - thus 85k bid - 95k ask
also - when you consider depreciation you have to factor in bid-ask spread - which can be 10% or more
if you buy a $110k car negotiated down to $100k - you will lose atleast 15k the second you drive off the lot...the buyer of this now used car will want a discount from what he could negotiate on a new car plus the dealer gotta make his cut - thus 85k bid - 95k ask
Last edited by robbonds; 08-30-2006 at 03:58 PM. Reason: spelling
09-26-2006, 03:11 AM
#44
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Hi Jeff,
It took me a while to get the car into Canada, but I've got it finally last week.
I wonder if you recall whether the car has any service done in the past 3 months.
Thanks for keeping it in perfect condition!
BTW, I love the "yellow calipers" 8->
JK
_______________
997 C2S (current)
996 TT (past)
993 C4S (past)
964 C4 (past)
It took me a while to get the car into Canada, but I've got it finally last week.
I wonder if you recall whether the car has any service done in the past 3 months.
Thanks for keeping it in perfect condition!
BTW, I love the "yellow calipers" 8->
JK
_______________
997 C2S (current)
996 TT (past)
993 C4S (past)
964 C4 (past)
