Thoughts on price of 997.1 Turbo
07-11-2018, 07:24 PM
#1
Instructor
Thread Starter
Thoughts on price of 997.1 Turbo
I found a 07 Turbo, 6 speed, basalt black with ebony interior, with ~25k miles. According to the seller’s ad (private party), the car has the following options: short shifter, extra leather steering wheel, Sport Chrono, aluminum package, illuminated door sills. Some modifications, such as softronic tune, exhaust/headers, wheels (oem wheels and all other stock parts are available according to ad). Unsure if that car is listed here.
Price is $80k obo. Is it incorrect of me to use kbb and nada to determine what the value of the car is? Obviously, this car is worth what the seller thinks it is, and whatever a prospective buyer is willing to pay, whether it’s the asking price or something close to it. Nada says value is around $55k, kbb says
$57k.
Is the asking price a fair market price?
Price is $80k obo. Is it incorrect of me to use kbb and nada to determine what the value of the car is? Obviously, this car is worth what the seller thinks it is, and whatever a prospective buyer is willing to pay, whether it’s the asking price or something close to it. Nada says value is around $55k, kbb says
$57k.
Is the asking price a fair market price?
07-11-2018, 07:51 PM
#2
Drifting
Those NADA and KBB numbers are way off. Mid-to-upper $70s is probably about right these days IMO, as long as the condition is good. (Also, assuming it's a coupe.)
07-11-2018, 08:10 PM
#3
I think it just boils down to if you want the car.
Dont get the asking and the mid-70 price stay in the way of a good car. If it needs nothing then I would buy it.
The options has everything you need.
They do not make these car anymore and at this time you are looking, a car listed is the car available.
You can wait until you get the finest sample out there but there is no assurance there will be one.
Dont get the asking and the mid-70 price stay in the way of a good car. If it needs nothing then I would buy it.
The options has everything you need.
They do not make these car anymore and at this time you are looking, a car listed is the car available.
You can wait until you get the finest sample out there but there is no assurance there will be one.
07-11-2018, 08:23 PM
#4
Three Wheelin'
I found a 07 Turbo, 6 speed, basalt black with ebony interior, with ~25k miles. According to the seller’s ad (private party), the car has the following options: short shifter, extra leather steering wheel, Sport Chrono, aluminum package, illuminated door sills. Some modifications, such as softronic tune, exhaust/headers, wheels (oem wheels and all other stock parts are available according to ad). Unsure if that car is listed here.
Price is $80k obo. Is it incorrect of me to use kbb and nada to determine what the value of the car is? Obviously, this car is worth what the seller thinks it is, and whatever a prospective buyer is willing to pay, whether it’s the asking price or something close to it. Nada says value is around $55k, kbb says
$57k.
Is the asking price a fair market price?
Price is $80k obo. Is it incorrect of me to use kbb and nada to determine what the value of the car is? Obviously, this car is worth what the seller thinks it is, and whatever a prospective buyer is willing to pay, whether it’s the asking price or something close to it. Nada says value is around $55k, kbb says
$57k.
Is the asking price a fair market price?
07-11-2018, 08:27 PM
#5
Burning Brakes
80 seems fair
07-11-2018, 11:09 PM
#7
Rennlist Member
Condition is hugely important of course but the low miles would help justify a higher price on this car, assuming it checks-out mechanically and cosmetically. A professional PPI is a very prudent step.
Depending where you are located and what exact bolt-on mods the car has, it could be a negative/problem for you (i.e., California smog). Plus you just might not like some of the mods. Definitely inquire whether the factory take-off parts are included. If not then I'd negotiate the price down lower.
It does seem that NADA, KBB, Excellence and other price-tracking sources are not keeping-up with market conditions. Additionally I believe the figures they publish are skewed downward via averaging-in all the tiptronics, cabriolets, high mileage cars, and possibly even salvage titles.
Depending where you are located and what exact bolt-on mods the car has, it could be a negative/problem for you (i.e., California smog). Plus you just might not like some of the mods. Definitely inquire whether the factory take-off parts are included. If not then I'd negotiate the price down lower.
It does seem that NADA, KBB, Excellence and other price-tracking sources are not keeping-up with market conditions. Additionally I believe the figures they publish are skewed downward via averaging-in all the tiptronics, cabriolets, high mileage cars, and possibly even salvage titles.
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07-12-2018, 01:15 AM
#8
Rennlist Member
It's just an asking price. Maybe... they'd take $74500. All you can do is look at the car, establish your interest, if you live close enough to look in person it could help, then beg them, prod them. do anything you can to get it for less. If you can't get it for less and you love it, just get it.
I passed on a gorgeous 96 TT-S years back right here in my home town, I drove it too, when it was selling for $95k as I thought it was about $3k more than it should cost at the time. Dumb me. Super dumb me.
Steve
I passed on a gorgeous 96 TT-S years back right here in my home town, I drove it too, when it was selling for $95k as I thought it was about $3k more than it should cost at the time. Dumb me. Super dumb me.
Steve
07-12-2018, 01:45 AM
#9
Rennlist Member
Is this the one listed in Tucson, AZ? If it is, seems like a great car. If you're not local, send me a PM and I can always try to lay eyes on it for you. I had a 2007 turbo previously so I'm at least versed on the things to look for.
07-12-2018, 02:50 AM
#10
Instructor
Thread Starter
Trying to write down a list of things to check, though I’ll 100% do a PPI if I like what I see.
07-12-2018, 09:37 AM
#11
Race Director
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Price is a fair ask, offer 75 and go from there. Prices are creeping up. A 70k car last yr is running 74-75k now. I was at the dealer yesterday checking on my wife's macan, they offered me 70 straight up on mine, a month ago same dealer offered 68k and I'm not even trying to sell. Good cars are in demand and move fast. Basalt is a cool color.
07-12-2018, 10:26 AM
#12
Three Wheelin'
While there are many factors in gauging a price for a car, I am pretty sure your 55K to 57K estimate is a bit off. I think a range of 65K - 75K would be more accurate and also in line with the sales numbers I have seen over the past year or so. However, where you are located, the exact condition of the vehicle (in all aspects - service, repairs, etc) and including the fact that it has been tuned and mildly modded, how many owners it has had, is it a heavily tracked car, etc will affect the price.
Ed
Ed
07-12-2018, 10:43 AM
#13
I just picked up a Black 2007 997TT 6 spd with 14k miles one-owner for $80k. These deals are out there, they were asking $92k for it and I came with a cash offer. These cars are certainly going up in value especially the manual shifts. I sold my 993 to get one of these with no regrets. I believe the 997.1 Turbo's is the next wave to pop just like the 993 Turbo's, I'm not a fan of the 996 Turbo's at all.
07-12-2018, 11:55 AM
#14
Instructor
Thread Starter
I just picked up a Black 2007 997TT 6 spd with 14k miles one-owner for $80k. These deals are out there, they were asking $92k for it and I came with a cash offer. These cars are certainly going up in value especially the manual shifts. I sold my 993 to get one of these with no regrets. I believe the 997.1 Turbo's is the next wave to pop just like the 993 Turbo's, I'm not a fan of the 996 Turbo's at all.