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

997s deals around the interwebz (no affiliation)

Thread Tools
 
Search this Thread
 
Old 11-18-2017, 09:35 AM
  #1861  
Doug H
Nordschleife Master
 
Doug H's Avatar
 
Join Date: Mar 2003
Location: Destin, Nashville, In a 458 Challenge
Posts: 5,128
Received 904 Likes on 532 Posts
Default

Originally Posted by Vincent713
It's the flippers that are keeping the price high. Every time they see a low price Porsche, they jump on it like vulchers and then sell for high price.
I am constantly on the look out for 911s to flip, but the wholesale and auction market is a blood bath right now. Nothing but poor quality selling for dang near retail on Manheim here recently. We purchased our current 997.2 cab to drive over the summer than flip, but other than that . . . the market ain't great if you are looking to make money. Margins have gotten painfully tight for my buddies that actually do this stuff for a living and do large scale purchasing for multiple high end lots across the country.
Old 11-18-2017, 09:46 AM
  #1862  
Doug H
Nordschleife Master
 
Doug H's Avatar
 
Join Date: Mar 2003
Location: Destin, Nashville, In a 458 Challenge
Posts: 5,128
Received 904 Likes on 532 Posts
Default

Just scanned Manheim and almost everything has wholesale purchase and bid prices well above MMR. Here is an example as I looked for a C4S for the guy who just started a thread about driving one for a PPI and the serpentine belt breaking. Below is the only 2007 C4S I saw on Manheim and the buy now is $46,750 with an MMR of $40,000.

2007 Porsche 911 CARRERA 4S * WP0AB29987S732614
Nov 17 04:00 pm
OVE (7 Hours 20 Minutes)
Silver Black

Odometer 52,300 mi 6 Cylinder Manual
CR 4.5AutoCheck CARFAX

Workbook Workbook
Pickup FL - Ocoee

Facilitation FL - Manheim Orlando
5.0
24 vehicles sold in 12 months
  • Sales

    5.0
  • Arbitration5.0
  • Fulfilled Sales
    5.0
Adj MMR

$40,000
Buy Now

$46,750

Old 11-18-2017, 04:45 PM
  #1863  
Para82
Race Car
 
Para82's Avatar
 
Join Date: Apr 2009
Location: Bogota / Navarre Beach
Posts: 4,191
Received 38 Likes on 24 Posts
Default

Originally Posted by dawgcatching
Agreed! 997.2 cars are no longer depreciating. 997.1 models have lost $3-4k in the past year, assuming no change in mileage.
997.1 cars have stopped depreciating for some time and some have gone up. Super clean low mile examples are still selling in the low 40's now just as they did 3+ years ago.
Old 11-18-2017, 05:00 PM
  #1864  
dawgcatching
Burning Brakes
 
dawgcatching's Avatar
 
Join Date: Apr 2016
Posts: 800
Received 12 Likes on 8 Posts
Default

Originally Posted by Doug H
Just scanned Manheim and almost everything has wholesale purchase and bid prices well above MMR. Here is an example as I looked for a C4S for the guy who just started a thread about driving one for a PPI and the serpentine belt breaking. Below is the only 2007 C4S I saw on Manheim and the buy now is $46,750 with an MMR of $40,000.

2007 Porsche 911 CARRERA 4S * WP0AB29987S732614
Nov 17 04:00 pm
OVE (7 Hours 20 Minutes)
Silver Black

Odometer 52,300 mi 6 Cylinder Manual
CR 4.5AutoCheck CARFAX

Workbook Workbook
Pickup FL - Ocoee

Facilitation FL - Manheim Orlando
5.0
24 vehicles sold in 12 months
  • Sales

    5.0
  • Arbitration5.0
  • Fulfilled Sales
    5.0
Adj MMR

$40,000
Buy Now

$46,750

That insane for a 50k mile 997.1! Then again, I suppose if somebody is willing to pay it....
Old 11-18-2017, 05:39 PM
  #1865  
robroy72
Addict
Rennlist Member
 
robroy72's Avatar
 
Join Date: Feb 2004
Location: Sugar Land, TX
Posts: 765
Received 0 Likes on 0 Posts
Default

Interested in peoples thoughts on this one?

https://www.texasdirectauto.com/for-...CA29986S756647
Old 11-18-2017, 05:56 PM
  #1866  
Darkhorse
Rennlist Member
 
Darkhorse's Avatar
 
Join Date: Jan 2017
Location: Wisconsin
Posts: 327
Received 92 Likes on 42 Posts
Default 997.2 vs 997.1 IMHO

Originally Posted by Vincent713
Could you kindly send a link to your post on the superiority of the 997.2? I would love to read your reviews and thoughts on it. Thank you for your advice, it definitely got me more excited about the .2
IMHO - disclaimer - I bought a 2009 997.2 six-speed C4S Cabriolet in January, 2017

I'm sorry, I cannot find that old post. The Porsche 997 is an excellent sports car. The 997.1 was a primarily cosmetic redesign of the 996.2. Porsche usually upgrades cosmetics with new model numbers and mechanicals with the succeeding .2 versions. The 997.2 built upon the 997.1 cosmetics by dramatically upgrading the mechanicals and electronics.

I can't rehash my old post from memory, but I can hit a few highlights. My opinions assume that you have the financial option of buying either model. IMHO, the 997.2 is the better investment, given our definition of that term.

The post focused on my beliefs that if you spend $5k to upgrade a 997.1, it is still a 997.1. My decision was to spend an extra $10k for the car I wanted without any upgrades required.

There are innumerable improvements that will maintain the legitimate perception of the 997.2 cars as more desirable in the future. I believe 997.2 S and C4S are the epitome of the water-cooled normally-aspirated 911 sports cars. The 991s are grand tourers; there is a big difference. I have driven both and the 997.2 is more visceral; I like it better. In 2009, Porsche released the DFI engines. These are a major upgrade; they are more reliable, no IMS, have better performance, more HP and TQ, and they get better gas mileage. I have a C4S six-speed, a big change in 2009 was the use of the turbo's AWD system. That is a huge upgrade and makes the 997.2 AWD cars more desirable; worth reading up on if you are considering an AWD. If you choose to go with an automatic, the PDK transmission is miles ahead of the old Tiptronic. For creature comforts, the 997.2 cars have Bluetooth connectivity and a hands free phone. Satellite radio is standard. I like the PCM center better without the push button phone pad; I cannot imagine that ever being useful.

So, IMHO, buying a 997.2 car, especially an S, will provide a better ownership and driving experience for the foreseeable future and repay you in the end with increased resale value. I love mine. The confidence I have while driving as well as my pride of ownership contributes to my ownership experience. Watching resale values for the .2 cars so far confirms my belief that otheyhold value better than .1 cars.
Old 11-18-2017, 06:31 PM
  #1867  
LISsailor
Rennlist Member
 
LISsailor's Avatar
 
Join Date: Sep 2015
Location: Connecticut
Posts: 643
Received 194 Likes on 87 Posts
Default

Originally Posted by robroy72
Interested in peoples thoughts on this one?

https://www.texasdirectauto.com/for-...CA29986S756647

The price seems reasonable but that is a really stripped example. Next to zero options it seems. 3 owner car. What's your budget?
Old 11-18-2017, 07:11 PM
  #1868  
robroy72
Addict
Rennlist Member
 
robroy72's Avatar
 
Join Date: Feb 2004
Location: Sugar Land, TX
Posts: 765
Received 0 Likes on 0 Posts
Default

Doesn't seem that spartan to me; it has Bose, Xenons and Navi which are probably the 3 things I'd look for. Its right on my budget to be honest, I was looking at 996s and this one popped up.

Build sheet: https://admin.porschedealer.com/repo...CA29986S756647

267 Self Dimming Mirrors
342 Heated Front Seats
407 19" Sport Design Wheel
446 Wheel Caps with Colored Crest
482 TPMS 670 Navigation for PCM
680 Bose High End Sound Package
692 Remote CD Changer (6 Disc)
AN Black Standard Leather
CDH Door Finishers Painted Ext Clr
CDM Trim Strip Painted Ext Clr
CDP Instr Surround Painted Ext Clr
M6A Black Mats - Porsche lettering
P15 Power Seat Package
P74 Bi-Xenon Headlamp Package
V9 Black Top
X1 Arctic Silver Metallic
Z0997 Custom Tailoring
Old 11-18-2017, 07:47 PM
  #1869  
rickdogg82
Pro
 
rickdogg82's Avatar
 
Join Date: Apr 2014
Location: Laguna Niguel, CA
Posts: 533
Received 7 Likes on 5 Posts
Default

Originally Posted by dawgcatching
Watching prices and also with a few friends buying-selling. One PCA guy got $39k locally for a Atlas Grey, 55k mile 997.1 C2S in April 2016 on trade. That is about retail now, trade would be $34-35k.

If you go back 2 years and look at a 997.2 manual, and compare prices now (on a C2S or C4S); you won't see much if any change.
Trade value is not a good indicator of value. The guy could have been hosed on the other end.
Old 11-18-2017, 07:49 PM
  #1870  
WhipE350
Burning Brakes
 
WhipE350's Avatar
 
Join Date: Jan 2011
Location: Near Charlotte NC
Posts: 965
Received 86 Likes on 55 Posts
Default

Originally Posted by Doug H
I am constantly on the look out for 911s to flip, but the wholesale and auction market is a blood bath right now. Nothing but poor quality selling for dang near retail on Manheim here recently. We purchased our current 997.2 cab to drive over the summer than flip, but other than that . . . the market ain't great if you are looking to make money. Margins have gotten painfully tight for my buddies that actually do this stuff for a living and do large scale purchasing for multiple high end lots across the country.
Exactly! When my son got mine off auction they barely budged and the dude selling it was good friends with my son's boss. I paid $36k in May of 2017. It was supposedly a 4.5 out of 5 and that was not anywhere near the truth. It now is amazing but it took me months to recondition it. This same car sold a year earlier for $35k and 9 months before that on ebay for $31k.
This is why I asked dawgcatching why he felt prices were dropping. I think at some point the early 991 have got to drop enough in price and then maybe our 997.1's will take a hit.
Old 11-18-2017, 07:50 PM
  #1871  
Vincent713
Three Wheelin'
 
Vincent713's Avatar
 
Join Date: May 2017
Posts: 1,471
Received 167 Likes on 121 Posts
Default

Originally Posted by Darkhorse
IMHO - disclaimer - I bought a 2009 997.2 six-speed C4S Cabriolet in January, 2017

I'm sorry, I cannot find that old post. The Porsche 997 is an excellent sports car. The 997.1 was a primarily cosmetic redesign of the 996.2. Porsche usually upgrades cosmetics with new model numbers and mechanicals with the succeeding .2 versions. The 997.2 built upon the 997.1 cosmetics by dramatically upgrading the mechanicals and electronics.

I can't rehash my old post from memory, but I can hit a few highlights. My opinions assume that you have the financial option of buying either model. IMHO, the 997.2 is the better investment, given our definition of that term.

The post focused on my beliefs that if you spend $5k to upgrade a 997.1, it is still a 997.1. My decision was to spend an extra $10k for the car I wanted without any upgrades required.

There are innumerable improvements that will maintain the legitimate perception of the 997.2 cars as more desirable in the future. I believe 997.2 S and C4S are the epitome of the water-cooled normally-aspirated 911 sports cars. The 991s are grand tourers; there is a big difference. I have driven both and the 997.2 is more visceral; I like it better. In 2009, Porsche released the DFI engines. These are a major upgrade; they are more reliable, no IMS, have better performance, more HP and TQ, and they get better gas mileage. I have a C4S six-speed, a big change in 2009 was the use of the turbo's AWD system. That is a huge upgrade and makes the 997.2 AWD cars more desirable; worth reading up on if you are considering an AWD. If you choose to go with an automatic, the PDK transmission is miles ahead of the old Tiptronic. For creature comforts, the 997.2 cars have Bluetooth connectivity and a hands free phone. Satellite radio is standard. I like the PCM center better without the push button phone pad; I cannot imagine that ever being useful.

So, IMHO, buying a 997.2 car, especially an S, will provide a better ownership and driving experience for the foreseeable future and repay you in the end with increased resale value. I love mine. The confidence I have while driving as well as my pride of ownership contributes to my ownership experience. Watching resale values for the .2 cars so far confirms my belief that otheyhold value better than .1 cars.
Excellent summary on the 997.2, I have been reading up on this car and I you're right it's a great robust car! A lot consider this car to be the "bullet proof" of the water cooled 911. I'm keeping my options open and if I see a good deal on one, I'm on it! Thanks again for your input.
Old 11-18-2017, 08:02 PM
  #1872  
WhipE350
Burning Brakes
 
WhipE350's Avatar
 
Join Date: Jan 2011
Location: Near Charlotte NC
Posts: 965
Received 86 Likes on 55 Posts
Default

Originally Posted by Darkhorse
IMHO - disclaimer - I bought a 2009 997.2 six-speed C4S Cabriolet in January, 2017

I'm sorry, I cannot find that old post. The Porsche 997 is an excellent sports car. The 997.1 was a primarily cosmetic redesign of the 996.2. Porsche usually upgrades cosmetics with new model numbers and mechanicals with the succeeding .2 versions. The 997.2 built upon the 997.1 cosmetics by dramatically upgrading the mechanicals and electronics.

I can't rehash my old post from memory, but I can hit a few highlights. My opinions assume that you have the financial option of buying either model. IMHO, the 997.2 is the better investment, given our definition of that term.

The post focused on my beliefs that if you spend $5k to upgrade a 997.1, it is still a 997.1. My decision was to spend an extra $10k for the car I wanted without any upgrades required.

There are innumerable improvements that will maintain the legitimate perception of the 997.2 cars as more desirable in the future. I believe 997.2 S and C4S are the epitome of the water-cooled normally-aspirated 911 sports cars. The 991s are grand tourers; there is a big difference. I have driven both and the 997.2 is more visceral; I like it better. In 2009, Porsche released the DFI engines. These are a major upgrade; they are more reliable, no IMS, have better performance, more HP and TQ, and they get better gas mileage. I have a C4S six-speed, a big change in 2009 was the use of the turbo's AWD system. That is a huge upgrade and makes the 997.2 AWD cars more desirable; worth reading up on if you are considering an AWD. If you choose to go with an automatic, the PDK transmission is miles ahead of the old Tiptronic. For creature comforts, the 997.2 cars have Bluetooth connectivity and a hands free phone. Satellite radio is standard. I like the PCM center better without the push button phone pad; I cannot imagine that ever being useful.

So, IMHO, buying a 997.2 car, especially an S, will provide a better ownership and driving experience for the foreseeable future and repay you in the end with increased resale value. I love mine. The confidence I have while driving as well as my pride of ownership contributes to my ownership experience. Watching resale values for the .2 cars so far confirms my belief that otheyhold value better than .1 cars.
Yup I think the 997.2 S will have a special place for a while. When I was initially buying and selling Porsches with my Son the margins on the 997.2 S just wasn't enough, we had to jump up to the 991 S which on wholesale gave us a good profit after markup. I think if I sell my 997.1 and move up i'm going to be more inclined to buy a 997.2 GTS over a 991 S. I've driven a lot of 991 S and it is awesome but the 997.2 GTS just has a special place with me for the little amount of time I have driven one.
I've seen some great deals on 997.2 base and I'm wondering how long that will last.
Old 11-18-2017, 10:48 PM
  #1873  
dawgcatching
Burning Brakes
 
dawgcatching's Avatar
 
Join Date: Apr 2016
Posts: 800
Received 12 Likes on 8 Posts
Default

Originally Posted by rickdogg82
Trade value is not a good indicator of value. The guy could have been hosed on the other end.
I mis-spoke. The dealer was buying it for that price. He was buying a vacation home and wanted out of his 997
Old 11-18-2017, 10:56 PM
  #1874  
dawgcatching
Burning Brakes
 
dawgcatching's Avatar
 
Join Date: Apr 2016
Posts: 800
Received 12 Likes on 8 Posts
Default

Originally Posted by Para82
997.1 cars have stopped depreciating for some time and some have gone up. Super clean low mile examples are still selling in the low 40's now just as they did 3+ years ago.
More data points: Another PCA guy local to me just sold his 997.1 (2006), full leather C2S manual with 54k miles for $37,000. J Wright posted that super low mile, cherry loaded 2005 C2S for $45,900 (it had PCCB's and about every other option).

It is a lot of car for high 30's/low 40's.
Old 11-20-2017, 02:40 PM
  #1875  
linderpat
Rennlist Member
 
linderpat's Avatar
 
Join Date: Nov 2006
Location: Pittsburgh, PA
Posts: 14,451
Received 2,330 Likes on 1,279 Posts
Default

Oh dear lord, help us! Linky: https://www.ebay.com/itm/2008-Porsch...ZaD1Z0&vxp=mtr


Quick Reply: 997s deals around the interwebz (no affiliation)



All times are GMT -3. The time now is 06:40 AM.