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So I’m actually just curious as I don’t plan to sell but my 2011 gt silver/cocoa manual coupe was involved in an accident last year. Lady pulled in front of me and I hit her drivers side door at about 20mph. Steering wheel airbag deployed. Required one new radiator and headlight. By what percent does this effectively lower the value? Mileage now 35K if that matters. Figured you guys would have an idea. Thanks.
Severe. I'd say 10-15% hit. Right or wrong, many dealers and private party buyers just won't touch it.
Severe. I'd say 10-15% hit. Right or wrong, many dealers and private party buyers just won't touch it.
Probably close to this, which is why when an idiot backed into my 987 Cayman years ago, after it was repaired I hit the guys insurance up for a diminished value claim.. to the tune of about 15% of the cars value at that time..which they paid.
Probably close to this, which is why when an idiot backed into my 987 Cayman years ago, after it was repaired I hit the guys insurance up for a diminished value claim.. to the tune of about 15% of the cars value at that time..which they paid.
Was bored yesterday and did a cursory search of 997.1TTs within 500 miles. Basically nothing but tips and a couple insanely overpriced 6MTs out there from what I saw. It was quite something to see all these tips with 30-50k miles in the low to mid 50s. The delta between the two transmissions appears to be widening substantially these days.
I'm probably going to regret this, but I'd consider selling my 997.1 for the right price if someone is interested. Just PM me.
63K miles (60K major service done)
Cobb AP Tune
Speedtech 3.0 Catless Exhaust
Sachs 2.5 Clutch
H&R Springs
Build Sheet
MSRP: $144,533
Axel-Differential Lock Rear
Heated Front Seats
Ceramic Composite Brakes - PCCB
Parking Assist System
Sport Chrono Package
Remote CD Changer (6 Disc)
Black Full Leather
Storage Compartment Lid with Model Logo
Gear Lever/Handbrake Aluminum/Leather
Black Mats - Porsche Lettering
Adaptive Sport Seats
Standard Rocker Panels Painted
Sport Shifter
Rear Center Console Leather
Thicker Steering Wheel Leather
Porsche Crest in Headrest
Thanks. I actually did pursue diminished value and was paid 12K. I considered pressing the matter but did not feel like getting into litigation, In retrospect, I should have pushed it but at the time was glad to get anything.
Severe. I'd say 10-15% hit. Right or wrong, many dealers and private party buyers just won't touch it.
Originally Posted by saabin
Probably close to this, which is why when an idiot backed into my 987 Cayman years ago, after it was repaired I hit the guys insurance up for a diminished value claim.. to the tune of about 15% of the cars value at that time..which they paid.
I agree with these numbers. I had someone hit my daily last year. Insurance offered ~5% diminished value. I argued and would not accept it. We ended up getting an appraiser that specialized in diminished value. His estimate was ~15% and they paid it.
I still think it's crazy cheap...with a lot of room to grow.
You and I are on the same page. These cars are dirt cheap at the moment and have been for years. The only thing holding them back to reach the same stratospheric values as older turbos is nostalgia.
And nostalgia takes time.
Imo 2 things can happen, if the bubble bursts all older Porsche's will come down in value, or the 997 will enter the bubble too.
I don't care what will happen either way, I'm 53 and plan on keeping this car until I die. My children can then decide what they want to do with it.
That sounds cheap to me as well, these cars are an incredible bargain at current prices for what you get. It also seems low to me given what I paid for mine back in Sept. Granted mine carried a premium being a 997.2, cpo for 2 years, clean, 1-owner car, having desirable options such as adaptive sport seats, PTV/LSD, sport chrono... and red seat backs and belts ftw!
I'm not saying these will reach RS prices or anywhere near that level of increase but I happened across some older threads about used .1 RS pricing and folks were commenting on how anything over $90k was too much! This was only a few years ago.
Im in the market for a manual 997 TT, but in no hurry to buy. Seem like there are plenty of cars available, just looking to find one that is priced well that fits in between trade in values and full retail. Had more than a few cars i passed on, seems like another one pops up every month or so. Last one I was interested in a 08 with 40K manual blk/blk clean carfax, carmax offered the owner 55K. I made a offer, and almost had a deal but the logistics didnt work out.
02-12-2018, 12:29 AM
