997 Turbo pricing: stable or dropping?
06-06-2017, 04:17 AM
#76
Rennlist Member
I think you're right... if I wanted to get rid of it quickly I'd prob have to take less than my target 77k...
Looks like you guys may be stuck with me for a while.
I do have a fidelity platinum warranty that's good for another 5 years or until about 75000 miles.
Would that command a premium?
Looks like you guys may be stuck with me for a while.
I do have a fidelity platinum warranty that's good for another 5 years or until about 75000 miles.
Would that command a premium?
There are also plenty of options that jack up the original sticker that IMHO affect the resale value not a lick... Expensive cosmetic/vanity options is particular. Only a handful of options that are really things that would make a difference to me (adaptive sport seats, sport chrono, diff lock, pccb's for example). Condition, service history, and ownership history are far more important to me than if it has some extra bits of leather or carbon fiber on the original msrp.
In my mind, Porsche CPO warranty commands a premium, any third party warranty not so much.
Comments as an active buyer for a 997.1TT btw, not just an armchair critic.
Last edited by pfbz; 06-06-2017 at 03:26 PM.
06-06-2017, 09:17 AM
#77
Rennlist Member
I agree, $77K is a "I really want to keep it" price. As mentioned, super clean low mileage 07TT's are sitting unsold at $70-71K. Others sold quickly at or below $65K. At $77K, it would have to be a buyer that simply isn't looking at the market or absolutely must have ruby red. Who knows though... maybe in a couple of years, it will be worth $80K. Or $60K.
There are also plenty of options that jack up the original sticker that IMHO affect the resale value not a lick expensive cosmetic/vanity options is particular. Only a handful of options that are really things that would make a difference to me (adaptive sport seats, sport chrono, diff lock, pccb's for example). Condition, service history, and ownership history are far more important to me than if it has some extra bits of leather or carbon fiber on the original msrp.
In my mind, Porsche CPO warranty commands a premium, any third party warranty not so much.
Comments as an active buyer for a 997.1TT btw, not just an armchair critic.
There are also plenty of options that jack up the original sticker that IMHO affect the resale value not a lick expensive cosmetic/vanity options is particular. Only a handful of options that are really things that would make a difference to me (adaptive sport seats, sport chrono, diff lock, pccb's for example). Condition, service history, and ownership history are far more important to me than if it has some extra bits of leather or carbon fiber on the original msrp.
In my mind, Porsche CPO warranty commands a premium, any third party warranty not so much.
Comments as an active buyer for a 997.1TT btw, not just an armchair critic.
It listed right at 70k....
911 turbo's are a lot of car for less than a new loaded pickup. I think I'm going to hang on to mine for another year or so and then I'll evaluate again.
Good luck with your search.
Dan
06-06-2017, 12:31 PM
#79
Rennlist Member
06-06-2017, 03:31 PM
#80
Rennlist Member
It does make a good case for just keeping it, especially as it won't have nearly the depreciation as that $70K pickup. But I also suspect you paid closer to $64K for that $70K sticker pickup given the big rebates and discounts offered on domestic trucks these days.
06-06-2017, 04:35 PM
#81
Rennlist Member
06-06-2017, 07:00 PM
#82
Rennlist Member
You guys quoting cars on aggregation sites should double-check with the root source -- actually call the dealer or check websites -- lots of stale data, cars w/ stories, tips labeled as MT's. Not reliable data to really inform a market view.
Haven't heard of any clean, low miles, no stories, MT coupes trading below low $70s, and have definitely seen some trade in the $80s (2009's, rare colors, really low miles). I remember looking at a few "deals" two years ago and wasted a lot of time and money on PPI's for crap cars thinking it was a bargain... Get what you pay for...
Haven't heard of any clean, low miles, no stories, MT coupes trading below low $70s, and have definitely seen some trade in the $80s (2009's, rare colors, really low miles). I remember looking at a few "deals" two years ago and wasted a lot of time and money on PPI's for crap cars thinking it was a bargain... Get what you pay for...
06-06-2017, 07:13 PM
#83
Rennlist Member
Comes down to how picky you are, I guess. If you're looking at an aggregate, you're getting a feel for average cars - ones with a few miles, maybe a track day on them, etc. If nothing but the cleanest cherry virgin TT will suffice, then you'll look at a different set of cars a couple deviations out. One man's "crap" hoopty is another's daily driver dream ride.
06-06-2017, 09:40 PM
#84
Rennlist Member
You guys quoting cars on aggregation sites should double-check with the root source -- actually call the dealer or check websites -- lots of stale data, cars w/ stories, tips labeled as MT's. Not reliable data to really inform a market view.
Haven't heard of any clean, low miles, no stories, MT coupes trading below low $70s, and have definitely seen some trade in the $80s (2009's, rare colors, really low miles). I remember looking at a few "deals" two years ago and wasted a lot of time and money on PPI's for crap cars thinking it was a bargain... Get what you pay for...
Haven't heard of any clean, low miles, no stories, MT coupes trading below low $70s, and have definitely seen some trade in the $80s (2009's, rare colors, really low miles). I remember looking at a few "deals" two years ago and wasted a lot of time and money on PPI's for crap cars thinking it was a bargain... Get what you pay for...
All Coupes. All Manual. All clean carfax. All no stories. All very clean, and I'm *extremely* picky about my cars.
Eyes personally on and test drove two ultra clean low mileage 997.1TT's, one at $69K, one at $70K just in the past week. They are not selling... And that's in a market where well priced 991.1's, 997.2 non-turbos, and .2 Cayman S's evaporate the same day they hit the market.
The $65K low mileage TT I mentioned was a Texas car, sold earlier the same day I called about it. Eyes not personally on it, but had a long conversation with the seller, which was a specialty Porsche shop. Sounded very nice. Like I said, very nice $65K 997.1TT's sell extremely quickly, $70K 997.1TT's are sitting. Pretty much the definition of market boundries...
Last edited by pfbz; 06-06-2017 at 09:59 PM.
06-06-2017, 10:20 PM
#85
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I'd keep it for awhile, but if you're set on selling....convert back to bone stock, 75-77k not a penny less. Color, options, miles are a premium on your car, lesser optioned common colored cars are in the 75k range.
06-06-2017, 10:54 PM
#86
Rennlist Member
Eyes personally on and test drove two ultra clean low mileage 997.1TT's, one at $69K, one at $70K just in the past week. They are not selling... And that's in a market where well priced 991.1's, 997.2 non-turbos, and .2 Cayman S's evaporate the same day they hit the market.
The $65K low mileage TT I mentioned was a Texas car, sold earlier the same day I called about it. Eyes not personally on it, but had a long conversation with the seller, which was a specialty Porsche shop. Sounded very nice. Like I said, very nice $65K 997.1TT's sell extremely quickly, $70K 997.1TT's are sitting. Pretty much the definition of market boundries...
The $65K low mileage TT I mentioned was a Texas car, sold earlier the same day I called about it. Eyes not personally on it, but had a long conversation with the seller, which was a specialty Porsche shop. Sounded very nice. Like I said, very nice $65K 997.1TT's sell extremely quickly, $70K 997.1TT's are sitting. Pretty much the definition of market boundries...
06-06-2017, 11:02 PM
#87
Everybody always thinks their car is worth more than all the others.
Human nature.
Personally I am waiting for the howls when a nice 6 fetches more than a nice 7.
Hopefully I'll be able to find a no story green 7 to get into by then.
I do keep looking...
Human nature.
Personally I am waiting for the howls when a nice 6 fetches more than a nice 7.
Hopefully I'll be able to find a no story green 7 to get into by then.
I do keep looking...
06-06-2017, 11:15 PM
#88
Rennlist Member
I agree, there are plenty of crap cars out there and lots that are described incorrectly, but the cars I'm referring to were personally verified...
All Coupes. All Manual. All clean carfax. All no stories. All very clean, and I'm *extremely* picky about my cars.
Eyes personally on and test drove two ultra clean low mileage 997.1TT's, one at $69K, one at $70K just in the past week. They are not selling... And that's in a market where well priced 991.1's, 997.2 non-turbos, and .2 Cayman S's evaporate the same day they hit the market.
The $65K low mileage TT I mentioned was a Texas car, sold earlier the same day I called about it. Eyes not personally on it, but had a long conversation with the seller, which was a specialty Porsche shop. Sounded very nice. Like I said, very nice $65K 997.1TT's sell extremely quickly, $70K 997.1TT's are sitting. Pretty much the definition of market boundries...
All Coupes. All Manual. All clean carfax. All no stories. All very clean, and I'm *extremely* picky about my cars.
Eyes personally on and test drove two ultra clean low mileage 997.1TT's, one at $69K, one at $70K just in the past week. They are not selling... And that's in a market where well priced 991.1's, 997.2 non-turbos, and .2 Cayman S's evaporate the same day they hit the market.
The $65K low mileage TT I mentioned was a Texas car, sold earlier the same day I called about it. Eyes not personally on it, but had a long conversation with the seller, which was a specialty Porsche shop. Sounded very nice. Like I said, very nice $65K 997.1TT's sell extremely quickly, $70K 997.1TT's are sitting. Pretty much the definition of market boundries...
06-06-2017, 11:25 PM
#90
Rennlist Member
Lot's and lot's of nice cars and a reducing pool of buyers.
When the music stops, it always does these toys will drop, as they always do. Few will see their cars values hold.
Our economy is and always has been cyclical and this time is no different.
When the music stops, it always does these toys will drop, as they always do. Few will see their cars values hold.
Our economy is and always has been cyclical and this time is no different.