Notices
997 Forum 2005-2012
Sponsored by:
Sponsored by:

WTB: 997 (preferably S)

Thread Tools
 
Search this Thread
 
Old Nov 21, 2013 | 06:45 PM
  #16  
wheeler's Avatar
wheeler
Rennlist Member
10 Year Member
 
Joined: Nov 2012
Posts: 594
Likes: 7
From: KC Area
Default

Originally Posted by Blu311
I'm in the same boat, I want a 997.2, preferably an S with manual and have a 50k or under budget... I'm prepared to wait 1-2 years for prices to come down more, but if the right car pops up I'll be on it. I've seen a handful listed under 50k but they werent what I wanted.

Please explain the 'jackpot' of the lease take over thing, I'm curious.
I think that's the thing...when THE car comes along you have to be ready to pull the trigger. And I can agree, spend a little more to get the right car. In most cases it's not money spent, you're just carrying a little more price float. I spent another $10k on mine and it ended up being so much better than I could have ever imagined...13k miles and just pristine. I can highly recommend the S...for fun and resale.
Reply
Old Nov 21, 2013 | 07:00 PM
  #17  
Blu311's Avatar
Blu311
Burning Brakes
10 Year Member
 
Joined: May 2013
Posts: 1,178
Likes: 27
From: Phoenix
Default

Anybody work with them before? http://www.offleaseonly.com/used-porsche-911.htm (also mentioned in a post above)

They seem to have some of the best prices on 2009+ 911s. As of today they have:

2010 Silver C2 42k miles for $46.9 (accident in 2011)
2010 Black C2 22k miles for $49.9 (accident in 2012)
2010 Silver C2 10k miles for $52.9 (accident in 2013)

Are they what they advertise, off lease cars? At other times I've seen attractive prices on 2009-2010 with no accident, generally all base modles with few options. Are these just cars they got cheap at the auction?
Reply
Old Nov 22, 2013 | 05:42 PM
  #18  
php's Avatar
php
Racer
10 Year Member
 
Joined: Jul 2012
Posts: 296
Likes: 37
From: Atlanta
Default

I just bought 2 months ago. What some of you guys "want", I would agree it's still closer to a dream than reality. High $50s low $60s is more realistic for 997.2 CS. $50k might get you close to a decent base car, but even for a base car, if you want CPO, you're be hard to find one under $53k ish...unless it has over 50k miles already.

You might find some 997.2 base cars for under $50k now, but you should really wonder why. And this includes the Offlease place which has ridiculous prices for gen 2 cars. Even besides the accident history, you would wonder there could be other hidden stuff. There's a reason for the price, and that holds true. Taking over a lease on the other hand, is a totally different story so I'm not going to comment on that.

Very rarely a really good deal comes up, but it does happen. There was an 09 carrera S, CPO with 20k ish miles, and sold for $57k at Porsche Conn. But for this to happen there has to be a lot of things, cars sitting on the lot for a while, somehow the dealership just wants to get rid of it, timing, a lot of things.
Reply
Old Nov 22, 2013 | 07:56 PM
  #19  
fbfisher's Avatar
fbfisher
Addict
Lifetime Rennlist
Member
 
Joined: Apr 2002
Posts: 3,306
Likes: 6
From: Los Angeles, CA
Default

Originally Posted by Blu311
...Please explain the 'jackpot' of the lease take over thing, I'm curious.
I'm guessing here, but if you find a car that is leased, you get to use it for a while without any capital investment other than the monthly "rental fee" (lease payment). You have three options at the end of the lease... assuming that the car is under the allotted miles, and not damaged, you can give the car back, or buy it for the residual value. A low residual value at lease inception means the payment was higher, but you might get to buy the car at a depressed price ("Jackpot") or sell it for more than you'd have to buy it for ("Jackpot") If the residual value was high, the lease payment may be lower, so you may have to buy the car above market, in which case you simply turn it in and try again.

But I'm just guessing...
Reply
Old Nov 23, 2013 | 08:00 PM
  #20  
Blu311's Avatar
Blu311
Burning Brakes
10 Year Member
 
Joined: May 2013
Posts: 1,178
Likes: 27
From: Phoenix
Default

Originally Posted by fbfisher
I'm guessing here, but if you find a car that is leased, you get to use it for a while without any capital investment other than the monthly "rental fee" (lease payment). You have three options at the end of the lease... assuming that the car is under the allotted miles, and not damaged, you can give the car back, or buy it for the residual value. A low residual value at lease inception means the payment was higher, but you might get to buy the car at a depressed price ("Jackpot") or sell it for more than you'd have to buy it for ("Jackpot") If the residual value was high, the lease payment may be lower, so you may have to buy the car above market, in which case you simply turn it in and try again.

But I'm just guessing...
Thanks, thats kind of what I was thinking. I guess thats just as rare if not more rare than a great purchase find?

Originally Posted by php
I just bought 2 months ago. What some of you guys "want", I would agree it's still closer to a dream than reality. High $50s low $60s is more realistic for 997.2 CS. $50k might get you close to a decent base car, but even for a base car, if you want CPO, you're be hard to find one under $53k ish...unless it has over 50k miles already.

You might find some 997.2 base cars for under $50k now, but you should really wonder why. And this includes the Offlease place which has ridiculous prices for gen 2 cars. Even besides the accident history, you would wonder there could be other hidden stuff. There's a reason for the price, and that holds true. Taking over a lease on the other hand, is a totally different story so I'm not going to comment on that.

Very rarely a really good deal comes up, but it does happen. There was an 09 carrera S, CPO with 20k ish miles, and sold for $57k at Porsche Conn. But for this to happen there has to be a lot of things, cars sitting on the lot for a while, somehow the dealership just wants to get rid of it, timing, a lot of things.
I agree, thats why I am willing to wait 1 year or more until prices on the 997.2s drops, my budget for a car increases, or until that 'perfect' deal pops up.
Reply
Old Nov 24, 2013 | 10:09 PM
  #21  
markk132's Avatar
markk132
Instructor
10 Year Member
 
Joined: Jun 2012
Posts: 248
Likes: 14
From: Northern NJ
Default

Originally Posted by fbfisher
I'm guessing here, but if you find a car that is leased, you get to use it for a while without any capital investment other than the monthly "rental fee" (lease payment). You have three options at the end of the lease... assuming that the car is under the allotted miles, and not damaged, you can give the car back, or buy it for the residual value. A low residual value at lease inception means the payment was higher, but you might get to buy the car at a depressed price ("Jackpot") or sell it for more than you'd have to buy it for ("Jackpot") If the residual value was high, the lease payment may be lower, so you may have to buy the car above market, in which case you simply turn it in and try again.

But I'm just guessing...
that is 100% correct. it's a long shot for sure, but it was worth mentioning i thought.

Originally Posted by php
I just bought 2 months ago. What some of you guys "want", I would agree it's still closer to a dream than reality. High $50s low $60s is more realistic for 997.2 CS. $50k might get you close to a decent base car, but even for a base car, if you want CPO, you're be hard to find one under $53k ish...unless it has over 50k miles already.

You might find some 997.2 base cars for under $50k now, but you should really wonder why. And this includes the Offlease place which has ridiculous prices for gen 2 cars. Even besides the accident history, you would wonder there could be other hidden stuff. There's a reason for the price, and that holds true. Taking over a lease on the other hand, is a totally different story so I'm not going to comment on that.

Very rarely a really good deal comes up, but it does happen. There was an 09 carrera S, CPO with 20k ish miles, and sold for $57k at Porsche Conn. But for this to happen there has to be a lot of things, cars sitting on the lot for a while, somehow the dealership just wants to get rid of it, timing, a lot of things.
i honestly don't think it's that rare to get down into the $50-55k range. That '09 carrera s at Porsche Conn. (Porsche of Fairfield) was listed at $57k before it was sold. I'd guess the car probably sold for around $55k. and it was a clean car, CPO'ed, with less than 30k miles. And that was 3 months ago in the summer. It's now winter time. I mean listen, it's gonna take the right timing, keeping your eyes open, looking often and all that stuff. But i really don't know why anybody would pay over $60k for any 997.2 S anymore, unless it had under 10k miles on it or something crazy like that. That's just my opinion.
Reply
Old Nov 24, 2013 | 11:59 PM
  #22  
dasdman's Avatar
dasdman
Instructor
 
Joined: Oct 2013
Posts: 194
Likes: 1
From: Sacramento, CA
Default

Originally Posted by markk132
But i really don't know why anybody would pay over $60k for any 997.2 S anymore, unless it had under 10k miles on it or something crazy like that. That's just my opinion.
This is why I paid over $60K for my '09 C2S. Being in the S.F. bay area seems to add at least $5K to what I was seeing in other parts of the country. I was not willing to spend this kind of money on a car, unseen by me. I know I could have a PPI done in any part of the country..but again, by someone I don't know. I'm sure there are many trustworthy folks doing PPI's, but I wanted to see and drive the car I was buying, so I limited my search to the west coast. I too was looking to pay up to the mid $50K range and ended up agreeing to pay $62K.

List of options that pushed me over budget (without hesitation):

CPO through 6/2015 (unknown value, but nice piece of mind)
Full leather ($3655)
Adaptive Sport Seats ($2695)
PASM (I thought all S came with this, but is listed as a $950 option)
Self dimming mirrors ( $420)
Heated seats ($500)
Dynamic cornering headlights ($690)
Navigation ($2110)
Bose sound ($1440)
XM Radio ($750)
New Pilot Sports all around ($?)
Lighted SS door entry guards ($775)
19" Carerra Sport Wheels ($835)

Meeting the owner also helped. He was a car nut and this was one of his 7 cars (including a stunning '77 with a '98 993 engine). He had his stable of cars washed weekly and waxed every 6 months. Good gut feeling meeting him and knowing he was a honest forthright person.

And the list continues...original sticker in 2009 was $106,300. So I figure first guy paid $44K to drive it for 25K miles, I didn't mind paying $62K to put the next 200K miles on it!!

So yes, I went over my budget but I am not sorry now and I know in 5, 10, 15 years I will still be glad that I put out the extra $5-10K to get a dream of a car and didn't settle for something less than what I wanted.

To each their own and best of luck finding that dream car you are looking for.
Reply
Old Nov 25, 2013 | 03:56 AM
  #23  
sandwedge's Avatar
sandwedge
Rennlist Member
15 Year Member
 
Joined: Apr 2007
Posts: 8,548
Likes: 1,101
From: Florida
Default

Originally Posted by markk132
I mean listen, it's gonna take the right timing, keeping your eyes open, looking often and all that stuff. But i really don't know why anybody would pay over $60k for any 997.2 S anymore, unless it had under 10k miles on it or something crazy like that. That's just my opinion.
Just keep an open mind and keep watching. It doesn't matter what you as an individual think 997.2's should be selling for. What the marketplace as a whole is willing to pay at any given time is what they're worth. Not much use in trying to fight that unless you're happy with your current wheels.
Reply
Old Nov 26, 2013 | 03:16 AM
  #24  
markk132's Avatar
markk132
Instructor
10 Year Member
 
Joined: Jun 2012
Posts: 248
Likes: 14
From: Northern NJ
Default

Originally Posted by dasdman
This is why I paid over $60K for my '09 C2S. Being in the S.F. bay area seems to add at least $5K to what I was seeing in other parts of the country. I was not willing to spend this kind of money on a car, unseen by me. I know I could have a PPI done in any part of the country..but again, by someone I don't know. I'm sure there are many trustworthy folks doing PPI's, but I wanted to see and drive the car I was buying, so I limited my search to the west coast. I too was looking to pay up to the mid $50K range and ended up agreeing to pay $62K.

List of options that pushed me over budget (without hesitation):

CPO through 6/2015 (unknown value, but nice piece of mind)
Full leather ($3655)
Adaptive Sport Seats ($2695)
PASM (I thought all S came with this, but is listed as a $950 option)
Self dimming mirrors ( $420)
Heated seats ($500)
Dynamic cornering headlights ($690)
Navigation ($2110)
Bose sound ($1440)
XM Radio ($750)
New Pilot Sports all around ($?)
Lighted SS door entry guards ($775)
19" Carerra Sport Wheels ($835)

Meeting the owner also helped. He was a car nut and this was one of his 7 cars (including a stunning '77 with a '98 993 engine). He had his stable of cars washed weekly and waxed every 6 months. Good gut feeling meeting him and knowing he was a honest forthright person.

And the list continues...original sticker in 2009 was $106,300. So I figure first guy paid $44K to drive it for 25K miles, I didn't mind paying $62K to put the next 200K miles on it!!

So yes, I went over my budget but I am not sorry now and I know in 5, 10, 15 years I will still be glad that I put out the extra $5-10K to get a dream of a car and didn't settle for something less than what I wanted.

To each their own and best of luck finding that dream car you are looking for.
Originally Posted by sandwedge
Just keep an open mind and keep watching. It doesn't matter what you as an individual think 997.2's should be selling for. What the marketplace as a whole is willing to pay at any given time is what they're worth. Not much use in trying to fight that unless you're happy with your current wheels.
both fair points, i didn't mean to offend anyone by saying what i think the cars should go for. i'm kind of new on these boards, i'm aggressively shopping for a 997.2 S but at the same time keeping my eyes open for a Cayman R as well. either one will be my first porsche, and i'm super excited. Just trying to get involved on the forums early and often and learn as much as i can.
Reply
Old Nov 26, 2013 | 09:38 AM
  #25  
kkswow12's Avatar
kkswow12
Drifting
15 Year Member
 
Joined: Feb 2011
Posts: 2,109
Likes: 119
From: germany
Default

Originally Posted by Blu311
Anybody work with them before? http://www.offleaseonly.com/used-porsche-911.htm (also mentioned in a post above)

They seem to have some of the best prices on 2009+ 911s. As of today they have:

2010 Silver C2 42k miles for $46.9 (accident in 2011)
2010 Black C2 22k miles for $49.9 (accident in 2012)
2010 Silver C2 10k miles for $52.9 (accident in 2013)

Are they what they advertise, off lease cars? At other times I've seen attractive prices on 2009-2010 with no accident, generally all base modles with few options. Are these just cars they got cheap at the auction?

and how about that GTS for $70...seems a little early for it to be that low...thoughts...??
Reply
Old Nov 26, 2013 | 09:49 AM
  #26  
wheeler's Avatar
wheeler
Rennlist Member
10 Year Member
 
Joined: Nov 2012
Posts: 594
Likes: 7
From: KC Area
Default

I agree it doesn't SEEM like .2 cars should bring over $60k but the reality is most 08's with options, low miles, etc. are listing for $58-55k. It's not like there are just dozens of .2 S cars listed for $60k just waiting for a buyer to offer $55k...there might be ONE rougher, higher mileage car here and there. Believe me...I looked nationwide pretty heavily recently for the right car.

Here's an example I'll use loosely... http://www.aristocratmotors.com/vehi...-ks-id-5426919 This car is two years newer than mine, similar mileage as mine, no PSE...it looks like somebody slid their heavily embroidered Ed Hardy *** across the bolster every time they got in, then immediately got on the highway tailgating gravel trucks. Yep, it's got a CPO too but I wouldn't trade my 2 year older car for this one straight up and that's 100% honest to god truth. There are vastly different camps and opinions when it comes to "taking care of a car". Some are worth paying more for.
Reply
Old Nov 26, 2013 | 11:28 AM
  #27  
Mrpip's Avatar
Mrpip
Intermediate
 
Joined: Jun 2013
Posts: 29
Likes: 0
From: Temecula
Default

http://www.6speedonline.com/forums/a...1-package.html

Here's mine. Not exactly what you're looking for but figured I'd throw it out there.
Reply
Old Nov 26, 2013 | 02:00 PM
  #28  
Blu311's Avatar
Blu311
Burning Brakes
10 Year Member
 
Joined: May 2013
Posts: 1,178
Likes: 27
From: Phoenix
Default

Here is a 997.2 C2 base with 62k miles for $45,000 CPO... If it were an S and/or a manual in better color combo Id think about it.

http://www.autotrader.com/cars-for-s...gIndex=4&Log=0

I still agree that the 'right' car is worth waiting for - paying more for.
Reply
Old Nov 26, 2013 | 02:10 PM
  #29  
francars's Avatar
francars
Three Wheelin'
15 Year Member
 
Joined: Sep 2010
Posts: 1,601
Likes: 6
From: Bay Area, CA
Default

Originally Posted by kkswow12
and how about that GTS for $70...seems a little early for it to be that low...thoughts...??
Actually that same website is selling a 2011 Silver GTS with 24k miles for $69k. I inquired about the car and has some good options but they don't know too much about the car other than they bought at an auction. The problem (I think) on this one been the cheapest in the entire country will be the red interior. Thats assuming car has not prior history. Carfax shows no accidents...
Reply
Old Nov 26, 2013 | 02:10 PM
  #30  
Blu311's Avatar
Blu311
Burning Brakes
10 Year Member
 
Joined: May 2013
Posts: 1,178
Likes: 27
From: Phoenix
Default

Originally Posted by kkswow12
and how about that GTS for $70...seems a little early for it to be that low...thoughts...??
Wow, 2011 GTS 22k miles silver/red for $69.9... 1 Owner no accident... too good to be true?
Reply



All times are GMT -3. The time now is 11:27 AM.