Prices all over the map!
Thread Starter
Intermediate
Joined: Jan 2011
Posts: 32
Likes: 25
From: Indianapolis IN
Prices all over the map!
Ok really, what it is the deal with the prices on early 997s? Im looking at autotrader, Porsche used car search, and ebay motors, and all I see are 2005, 2006 Carrera and S models asking close to 50 grand. I mean a 2005 base with limited options and 40,000 miles, should that really be worth $47k?
I know list price is not price paid, but it sure seems like a lot of the prices are elevated compared to the Excellence price guide.
Hell, that example '05 has a higher asking price than most '02 and '03 turbos with less miles
Am I just getting discouraged, or will I really end up bartering down near 20% of a stealers asking price?
John
I know list price is not price paid, but it sure seems like a lot of the prices are elevated compared to the Excellence price guide.
Hell, that example '05 has a higher asking price than most '02 and '03 turbos with less miles
Am I just getting discouraged, or will I really end up bartering down near 20% of a stealers asking price?
John
Rennlist Member
Joined: Jul 2009
Posts: 6,087
Likes: 51
From: MA
Ok really, what it is the deal with the prices on early 997s? Im looking at autotrader, Porsche used car search, and ebay motors, and all I see are 2005, 2006 Carrera and S models asking close to 50 grand. I mean a 2005 base with limited options and 40,000 miles, should that really be worth $47k?
I know list price is not price paid, but it sure seems like a lot of the prices are elevated compared to the Excellence price guide.
Hell, that example '05 has a higher asking price than most '02 and '03 turbos with less miles
Am I just getting discouraged, or will I really end up bartering down near 20% of a stealers asking price?
John
I know list price is not price paid, but it sure seems like a lot of the prices are elevated compared to the Excellence price guide.
Hell, that example '05 has a higher asking price than most '02 and '03 turbos with less miles
Am I just getting discouraged, or will I really end up bartering down near 20% of a stealers asking price?
John
i see some dealers asking for cars like mine - base 2006 C2 close and even above $50K and it warms my heart but i do not think many cars with such stickers do sell.
If anybody wants to buy my '06 perfectly modded C2 for $65K (as i dumped more than $20K into it already) I would love to do that and would buy myself a GT3 for lower $70k.
Too bad, it is unlikely to happen.
Rennlist Member
Joined: Nov 2003
Posts: 1,237
Likes: 44
From: Sturgeon Falls
As these cars get older and conditions vary (not necessarily mileage based) the price band will grow. Pristine, low mileage, high option cars with CPO can easily be worth 20-30% higher than the high mileage, daily driven (winter) low option, non-cpo car.
Another thing to keep in mind is that the 2005 used the old style IMS bearing and although the upgrade to the IMS isn't insanely expensive, between that and it being a launch year car the value is a little (read 5-10%) lower than the other 997.1 cars.
I'm not a market analyst or a professional car salesman but these aren't just opinions either, it's what I've witnessed while buying and watching the market for some time.
As is always the case, decided you you NEED and what you WANT and find the car. At the end of the day, the $5K give or take won't be the end of the world if you know your priorities.
Another thing to keep in mind is that the 2005 used the old style IMS bearing and although the upgrade to the IMS isn't insanely expensive, between that and it being a launch year car the value is a little (read 5-10%) lower than the other 997.1 cars.
I'm not a market analyst or a professional car salesman but these aren't just opinions either, it's what I've witnessed while buying and watching the market for some time.
As is always the case, decided you you NEED and what you WANT and find the car. At the end of the day, the $5K give or take won't be the end of the world if you know your priorities.
Thread Starter
Intermediate
Joined: Jan 2011
Posts: 32
Likes: 25
From: Indianapolis IN
I hate buying a car. I love shopping for it, finding it, and taking it home, but I freakin HATE buying it. Such a pain in the neck, haggling with the salesman, talks with the manager, etc. We've all been there before, and its just a part of the process, but it sucks.
Registered User
Joined: Feb 2010
Posts: 617
Likes: 1
From: PNW
Yup. It's awful. I really wish we (in the US) had something like Hartech/Autofarm does in the UK where you can buy a car with a lifetime service plan. It removes a lot of the worry about whether the dealer is selling you a lemon and all the PPI work and so on.
Burning Brakes
Joined: May 2006
Posts: 889
Likes: 6
From: Ontario,Canada
If you want to make the buying easy, pay what they want. You will be in and out in ten minutes.
Negotiating all started when some dealer gave a guy a free heater and then the guy across the street gave a free heater and a radio. Then all hell broke loose.
Negotiating all started when some dealer gave a guy a free heater and then the guy across the street gave a free heater and a radio. Then all hell broke loose.
Rennlist Member
Joined: Jul 2005
Posts: 838
Likes: 6
Here's what's even crazier. Last fall I nearly traded my '05 C2S on a GT3 at the dealer. My car was a launch car, so it has every single option available, including PCCBs. With 17k miles on the odometer, my perfect condition car was going to get $43k on the trade.
I didn't have time to go through the hassle of finding a buyer and selling it myself, so that made my decision very easy. I kept my car.
I didn't have time to go through the hassle of finding a buyer and selling it myself, so that made my decision very easy. I kept my car.
Trending Topics
Rennlist Stories
The Best Porsche Posts for Porsche Enthusiasts
Talos Takes Your 991 Porsche 911 GT3 to the Next Level for a Cool $1.13 Million
Verdad Gallardo
9 Vehicles Porsche Helped Engineer that Aren't Porsches
Verdad Gallardo
9 Features and Characteristics That Only Porsche People Understand
Verdad Gallardo
I've Written 500 Rennlist Articles: Here's How Porsche Has Changed Along the Way
Joe Kucinski
10 Most Unnecessary Porsches Ever Built (And Why We Love Them)
Verdad Gallardo
Porsche 911 GT3 S/C vs 718 Spyder RS: 10 Categories, One Winner
Joe Kucinski
This Builder Is Turning Heads With Its Slantnose 911 Creation
Verdad Gallardo
Porsche 911 GT3 Artisan Edition Pays Homage to Japanese Culture
Verdad Gallardo
Porsche Reveals Coupe Variant of the Electric Cayenne With a Fresh Look
Verdad Gallardo
Race Director
Joined: Oct 2004
Posts: 11,202
Likes: 242
From: Ottawa, Canada
As these cars get older and conditions vary (not necessarily mileage based) the price band will grow. Pristine, low mileage, high option cars with CPO can easily be worth 20-30% higher than the high mileage, daily driven (winter) low option, non-cpo car.
Another thing to keep in mind is that the 2005 used the old style IMS bearing and although the upgrade to the IMS isn't insanely expensive, between that and it being a launch year car the value is a little (read 5-10%) lower than the other 997.1 cars.
I'm not a market analyst or a professional car salesman but these aren't just opinions either, it's what I've witnessed while buying and watching the market for some time.
As is always the case, decided you you NEED and what you WANT and find the car. At the end of the day, the $5K give or take won't be the end of the world if you know your priorities.
Another thing to keep in mind is that the 2005 used the old style IMS bearing and although the upgrade to the IMS isn't insanely expensive, between that and it being a launch year car the value is a little (read 5-10%) lower than the other 997.1 cars.
I'm not a market analyst or a professional car salesman but these aren't just opinions either, it's what I've witnessed while buying and watching the market for some time.
As is always the case, decided you you NEED and what you WANT and find the car. At the end of the day, the $5K give or take won't be the end of the world if you know your priorities.
Rennlist Member
Joined: Nov 2003
Posts: 1,237
Likes: 44
From: Sturgeon Falls
Kinda my point. Wasn't suggesting they're any less reliable, just that the market believes that there is enough concern to affect the price point. As a buyer, why risk it when an 06 can be had for only a wee bit more.
Poseur
Rennlist Member
Rennlist Member
Joined: Nov 2005
Posts: 17,743
Likes: 294
From: Santa Barbara, CA
Keep in mind that these cars start out all over the place. With over 80 pages of options to chose from you can wind up with a stripped car, or a truly loaded car ($35K in options) or someplace in between. When they become used their prices wind up all over the place.
Three Wheelin'
Joined: Jul 2007
Posts: 1,649
Likes: 96
From: NJ
When I originally stared looking for a 911, I was advised by a sales rep at a dealer that the options available generally do not add much value after the car is a few years. I do not know if that is true but it migh explain why prices are "all over the place". That is, the expectations of the value of a car may differ from what the next person considers valuable. Of course condition will have big impact.
I would much rather have a stripped car that is in "top" condition than a loaded car that is in "pretty good" condition ( whatever that means).
I would much rather have a stripped car that is in "top" condition than a loaded car that is in "pretty good" condition ( whatever that means).
Instructor
Joined: Oct 2009
Posts: 203
Likes: 0
From: Libertyville, IL
