Price check for a noob
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Intermediate
Joined: Nov 2005
Posts: 25
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Price check for a noob
Hi Guys,
I'm pretty new to the world of Porsches. I almost bought a cayman a couple of years ago. But now that I see used cayman and 997 prices doing down so much, I decided to take another look.
The past weekend I drove a cayman, cayman S, 997, and 997S, and decided that I would really like a 997S if I could get the price that I want. Part of the attraction to the 997 over the cayman was because it's roomier, (i'm 6'4"), and I think they're the best looking 911's in a long time. (toss up between the 997 and 993) And of course the performance of the S over the non-S.
The 997S I drove was an '05 with 26k miles. It was the exact color combo that I want, meteor gray with stone int. It was a totally base car, with only full leather seats or something like that. New sticker was $85k. They are asking $57.8k, non-cpo-ed.
Without even asking, they said they could go down some. I realized they need to make a fair profit, and I'm not really sure how much they got the car for, but do you think I could get this for $50k cpo-ed? Or is that totally unreasonable to even ask? With the budget I have worked out, I pretty much need the selling price of the car to be right around 50. Preferably high 40's. Is a low mileage (<40k) cpo-ed 997S doable? or am I delusional?
I see a few cpo-ed 997's with <40k miles in the mid 40's. How much more should an S cost everything else being the same? 5k?
Thanks for any input.
mike.
I'm pretty new to the world of Porsches. I almost bought a cayman a couple of years ago. But now that I see used cayman and 997 prices doing down so much, I decided to take another look.
The past weekend I drove a cayman, cayman S, 997, and 997S, and decided that I would really like a 997S if I could get the price that I want. Part of the attraction to the 997 over the cayman was because it's roomier, (i'm 6'4"), and I think they're the best looking 911's in a long time. (toss up between the 997 and 993) And of course the performance of the S over the non-S.
The 997S I drove was an '05 with 26k miles. It was the exact color combo that I want, meteor gray with stone int. It was a totally base car, with only full leather seats or something like that. New sticker was $85k. They are asking $57.8k, non-cpo-ed.
Without even asking, they said they could go down some. I realized they need to make a fair profit, and I'm not really sure how much they got the car for, but do you think I could get this for $50k cpo-ed? Or is that totally unreasonable to even ask? With the budget I have worked out, I pretty much need the selling price of the car to be right around 50. Preferably high 40's. Is a low mileage (<40k) cpo-ed 997S doable? or am I delusional?
I see a few cpo-ed 997's with <40k miles in the mid 40's. How much more should an S cost everything else being the same? 5k?
Thanks for any input.
mike.
Intermediate
Joined: Jan 2009
Posts: 45
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From: Los Angeles, CA
I'm new to the site (just getting acquainted). I purchased a one-owner 06 997 with 38K miles and some nice upgrades for 43K about a month ago. I'd been looking for a while and then jumped on this. I'd guess you can pick up an S for about 50K in this market.
Race Car
Joined: Oct 2004
Posts: 3,899
Likes: 219
The most dangerous thing for any buyer to do is to stretch his budget to buy an expensive high performance car without a warranty. Repairs on Porsches are very expensive. I would strongly advise you to either buy a CPO Porsche or have at least $3K set aside for any unexpected repair.
As far as price is concerned, I would offer them $52K for that car proovided that it included Porsche's CPO warranty.
As far as price is concerned, I would offer them $52K for that car proovided that it included Porsche's CPO warranty.
Rennlist Member
Joined: Mar 2003
Posts: 3,570
Likes: 103
From: Philly
The CPO is going to cost the dealer a couple of grand and thats if the car does not need anything. I doubt they have 5 to 7 grand worth of play in a car like that in this market. Like others have said its a buyers market so make em and offer and see where it leads.
Data point we have an 07 S gray with black 15k miles for 61k
Data point we have an 07 S gray with black 15k miles for 61k
Instructor
Joined: Nov 2008
Posts: 205
Likes: 0
From: Seattle
I've been a lurker here for a while and like the OP have been wanting to get a 997 S to go with my boxster for a while. $50K is what I want to spend, too, especially with WA state's 10% sales tax but the market just hasn't drifted that low yet. 53-55k is totally doable, so I would think if you can wait till march when the new Cayman S comes out that might be just the thing to depress 997 S prices that 3 to 5 grand further. Hard to pass up, when the car you want is right in front of you, though. Good luck!
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Joined: Apr 2005
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From: Winston-Salem, NC
I've been a lurker here for a while and like the OP have been wanting to get a 997 S to go with my boxster for a while. $50K is what I want to spend, too, especially with WA state's 10% sales tax but the market just hasn't drifted that low yet. 53-55k is totally doable, so I would think if you can wait till march when the new Cayman S comes out that might be just the thing to depress 997 S prices that 3 to 5 grand further. Hard to pass up, when the car you want is right in front of you, though. Good luck!
However, the 997 prices will still continue to drop if the enonomy continues trending south.
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Joined: May 2003
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From: Virginia
Nope. Just got an off lease 05 S with 36k miles CPOd for $46,500. Lowest price I've seen anywhere in 3 months of daily national searches. Picking up the car (original sticker $99k) next week.
Burning Brakes
Joined: Sep 2008
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From: NJ
