Manheim Price check on 2008 <5000k miles plz
11-27-2009, 08:44 PM
#1
Pro
Thread Starter
Manheim Price check on 2008 <5000k miles plz
Prices seem really high at dealers, can someone enlighten me on reality? Only interested in cars <5000miles
2008 GT3 w/ Ceramic Brakes, Chrono Pkg, Sports Adaptive seats, Nav etc...
thanks looking to pull a trigger
2008 GT3 w/ Ceramic Brakes, Chrono Pkg, Sports Adaptive seats, Nav etc...
thanks looking to pull a trigger
11-27-2009, 09:10 PM
#2
Rennlist Member
Manheim's statistics analysis tool does not show options on the vehicles used to generate the averages. Without being aware of each car's equipment and matching that information to the sales logs, there is no way to specifically value a car whose value shifts so dramatically depending on equipment.
However, the information it does provide shows that only 1 2008 model was sold in the past 24 months (along with 2 RSs):
11/05/09 White GT3 24k miles Avg Cond - $77,000
However, 2007 model year shows some more recent transactions:
11/18/09 White GT3 3461 miles Avg Cond - $81,500
10/27/09 White GT3 18k miles Avg Cond - $81,500
09/10/09 Red GT3 10k miles Above Avg Cond - $83,000
08/13/09 Grey GT3 8k miles Above Avg Cond - $90,000
07/13/09 ? GT3 13k miles Above Avg Cond - $90,400
That is the data it gives, you are on your own to make your own inferences as to the direction of the market.
-Mark
However, the information it does provide shows that only 1 2008 model was sold in the past 24 months (along with 2 RSs):
11/05/09 White GT3 24k miles Avg Cond - $77,000
However, 2007 model year shows some more recent transactions:
11/18/09 White GT3 3461 miles Avg Cond - $81,500
10/27/09 White GT3 18k miles Avg Cond - $81,500
09/10/09 Red GT3 10k miles Above Avg Cond - $83,000
08/13/09 Grey GT3 8k miles Above Avg Cond - $90,000
07/13/09 ? GT3 13k miles Above Avg Cond - $90,400
That is the data it gives, you are on your own to make your own inferences as to the direction of the market.
-Mark
11-27-2009, 10:28 PM
#3
Banned
Prices are usually high at dealers; gives them room to negotiate and allows buyer the preceived feeling of having gotten a good deal.
Options due not matter very much on Porsche cars other than: PCCB, xenon's, transmission (tips get no credit and generally devalue turbos; PDK is another story), sport chrono is generally important on all models except GT3, wheel upgrades can be important for base Boxster and C2. Heated seats and a winscreen are good to have on cabs. Finally, weird special order colors and tasteless overdone interiors can devalue a car.
$35K spent on getting 70% of an interior covered in leather with deviating stitching, and the rest painted to match exterior color with some splashes of fake aluminum and carbon fiber will not help the value of the car and is basically ignored by Mannheim auction prices. Options like these hurt resale and are not included in appraisals.
Which is why it is best to order any Porsche with minimal options, and only consider those that are truely functional that you really need. Stay away from fluff options unless you plan on keeping the car for a very long time OR a 50% depreciation after 1 year is of no concern to you and your pocket book.
Options due not matter very much on Porsche cars other than: PCCB, xenon's, transmission (tips get no credit and generally devalue turbos; PDK is another story), sport chrono is generally important on all models except GT3, wheel upgrades can be important for base Boxster and C2. Heated seats and a winscreen are good to have on cabs. Finally, weird special order colors and tasteless overdone interiors can devalue a car.
$35K spent on getting 70% of an interior covered in leather with deviating stitching, and the rest painted to match exterior color with some splashes of fake aluminum and carbon fiber will not help the value of the car and is basically ignored by Mannheim auction prices. Options like these hurt resale and are not included in appraisals.
Which is why it is best to order any Porsche with minimal options, and only consider those that are truely functional that you really need. Stay away from fluff options unless you plan on keeping the car for a very long time OR a 50% depreciation after 1 year is of no concern to you and your pocket book.
11-28-2009, 11:59 AM
#4
Manheim's statistics analysis tool does not show options on the vehicles used to generate the averages. Without being aware of each car's equipment and matching that information to the sales logs, there is no way to specifically value a car whose value shifts so dramatically depending on equipment.
However, the information it does provide shows that only 1 2008 model was sold in the past 24 months (along with 2 RSs):
11/05/09 White GT3 24k miles Avg Cond - $77,000
However, 2007 model year shows some more recent transactions:
11/18/09 White GT3 3461 miles Avg Cond - $81,500
10/27/09 White GT3 18k miles Avg Cond - $81,500
09/10/09 Red GT3 10k miles Above Avg Cond - $83,000
08/13/09 Grey GT3 8k miles Above Avg Cond - $90,000
07/13/09 ? GT3 13k miles Above Avg Cond - $90,400
That is the data it gives, you are on your own to make your own inferences as to the direction of the market.
-Mark
However, the information it does provide shows that only 1 2008 model was sold in the past 24 months (along with 2 RSs):
11/05/09 White GT3 24k miles Avg Cond - $77,000
However, 2007 model year shows some more recent transactions:
11/18/09 White GT3 3461 miles Avg Cond - $81,500
10/27/09 White GT3 18k miles Avg Cond - $81,500
09/10/09 Red GT3 10k miles Above Avg Cond - $83,000
08/13/09 Grey GT3 8k miles Above Avg Cond - $90,000
07/13/09 ? GT3 13k miles Above Avg Cond - $90,400
That is the data it gives, you are on your own to make your own inferences as to the direction of the market.
-Mark
I think these prices are good considering that they are wholesale auction prices and we are in a bad economy.
11-28-2009, 12:59 PM
#5
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^
There is a reason some of these cars get to Auction, and it can be worth your while to figure out why Dealers may have passed on them. The reasons can range from the innocent to the suspicious.
Auction prices, sometimes raise more questions than they answer, especially for specialty or limited production cars. Some Dealers love to use Auction prices to buy cars from Customers, knowing that the Auction price is not ever their final total cost.
If they can get the Seller to accept or believe the Auction price is realistic then they are doing a good job for their employer on two levels 1) they have avoided Auction inventory and the related unknowns and 2) they have obtained "known" inventory (from Customers) at Auction prices without the extras, and are well positioned to offer something of value (and profit) to the next Customer with a high degree of comfort and confidence. The good Dealers do care about their Customers.
The above is just my opinion, and something to consider regarding "apples to apples" comparisons in the quest for the right car.
Caveat Emptor!
There is a reason some of these cars get to Auction, and it can be worth your while to figure out why Dealers may have passed on them. The reasons can range from the innocent to the suspicious.
Auction prices, sometimes raise more questions than they answer, especially for specialty or limited production cars. Some Dealers love to use Auction prices to buy cars from Customers, knowing that the Auction price is not ever their final total cost.
If they can get the Seller to accept or believe the Auction price is realistic then they are doing a good job for their employer on two levels 1) they have avoided Auction inventory and the related unknowns and 2) they have obtained "known" inventory (from Customers) at Auction prices without the extras, and are well positioned to offer something of value (and profit) to the next Customer with a high degree of comfort and confidence. The good Dealers do care about their Customers.
The above is just my opinion, and something to consider regarding "apples to apples" comparisons in the quest for the right car.
Caveat Emptor!
