From $118,865 to $9,000 in 12 years
04-22-2018, 08:06 PM
#1
Rennlist Member
Thread Starter
From $118,865 to $9,000 in 12 years
I'm looking at approaching the end of a beautiful time and experience with my 2006 Cayenne Turbo S. Original list price on it was $118,865. I bought it used back in 2013. Today, my wife and I took it to CarMax to get an appraisal and offer on it. They came back with an offer of $9,000. Simply wow. It does have a tad over 137,000 on the ticker, but is in otherwise awesome condition, with new brake pads all around, almost new tires, updated coolant pipes and new T's, etc., etc., etc., Even has LED taillights, an IPD plenum, along with a set of Milltek bypass pipes. Sadly, in the cold, calculating eye of an appraiser, all that matters is age, mileage, and reported auction sales data. And these killed my poor CTTS.
Being rather discouraged and thinking I might consider personally selling it rather than wholesaling it at CarMax, I checked out recent auction results at eBay and sadly, they pretty much confirmed the dismal value in the market of these vehicles. Thus, there's almost no point in going through the time-consuming hassle of trying to find a private buyer. I'm about to "give" away the one of the finest SUVs on the planet and it sucks, but the time has come to move on.
Being rather discouraged and thinking I might consider personally selling it rather than wholesaling it at CarMax, I checked out recent auction results at eBay and sadly, they pretty much confirmed the dismal value in the market of these vehicles. Thus, there's almost no point in going through the time-consuming hassle of trying to find a private buyer. I'm about to "give" away the one of the finest SUVs on the planet and it sucks, but the time has come to move on.
04-22-2018, 09:15 PM
#2
Intermediate
CarMax is notoriously low on their offers. They low balled me on my 2006 C2S with 80k. Offered me 19k for it. I traded it for a 2007 TT and the dealer gave me 25k for it. This was after I already negotiated a price for the TT so I know he didn't pad it into the price of the new car.
04-22-2018, 10:04 PM
#4
List it here for sure! Have to imagine you would get more than 9k and probably a better home too!
at least you weren’t the original owner
i bought my 957 GTS used and I’ll be driving the wheels off for sure. Better to do that and set aside funds for other p-cars anyhow! Still one helluva truck 128k miles and 10 years later.
at least you weren’t the original owner
i bought my 957 GTS used and I’ll be driving the wheels off for sure. Better to do that and set aside funds for other p-cars anyhow! Still one helluva truck 128k miles and 10 years later.
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04-23-2018, 01:43 AM
#10
I wonder what it might do on BAT. Not sure I’ve seen a Cayenne on there before. sounds like It would start a bidding war with the wolves here 
hell I already have one and might be a bidder at 10k
hell I already have one and might be a bidder at 10k
04-23-2018, 09:46 AM
#11
RL Community Team
Rennlist Member
Rennlist Member
If you don't sell it here, at least pull stuff like the higher dollar mods and sell them separately. The IPD plenum is worth about $400 and the bypass pipes a few hundred, but really it would be much better to sell it to someone here.
This type of ridiculous depreciation is also the reason I have all my Porsches on an Agreed Value policy with Grundy. If you have some special cars, they'll insure those and the regular drivers all at Agreed value. That doesn't help when you're done with one and look to trade it in, but it certainly does in the event if an accident to keep it from being totaled or to get a decent value if it is.
This type of ridiculous depreciation is also the reason I have all my Porsches on an Agreed Value policy with Grundy. If you have some special cars, they'll insure those and the regular drivers all at Agreed value. That doesn't help when you're done with one and look to trade it in, but it certainly does in the event if an accident to keep it from being totaled or to get a decent value if it is.
04-23-2018, 11:56 AM
#12
Rennlist Member
What is surprising about this? Does it not follow roughly a 20% annual depreciation schedule? The only SUVs that have held value better are G wagons and Land Cruisers. Both are with much lower production numbers.
04-23-2018, 12:21 PM
#13
If you don't sell it here, at least pull stuff like the higher dollar mods and sell them separately. The IPD plenum is worth about $400 and the bypass pipes a few hundred, but really it would be much better to sell it to someone here.
This type of ridiculous depreciation is also the reason I have all my Porsches on an Agreed Value policy with Grundy. If you have some special cars, they'll insure those and the regular drivers all at Agreed value. That doesn't help when you're done with one and look to trade it in, but it certainly does in the event if an accident to keep it from being totaled or to get a decent value if it is.
This type of ridiculous depreciation is also the reason I have all my Porsches on an Agreed Value policy with Grundy. If you have some special cars, they'll insure those and the regular drivers all at Agreed value. That doesn't help when you're done with one and look to trade it in, but it certainly does in the event if an accident to keep it from being totaled or to get a decent value if it is.
04-23-2018, 04:20 PM
#14
Burning Brakes
This is why I'm keeping my 06 Turbo until it's ready for the "donate your car" call. I bought it used five years ago for about what a new 4-Runner would have cost. It's been a great ride, but a five year old 4-Runner is now worth twice as much as or more.
04-23-2018, 05:56 PM
#15
Burning Brakes
They sell for $100k+ when new primarily so people can impress their friends, and $100k+ is what it takes to do that. Once it is old, the impress-factor is gone (poor guy, he's driving an old car, so sad = embarrassing), and it's just a truck with very high operating costs (gas, repairs for non-DIY) and the value approaches zero.
If you can DIY and don't need to impress your friends with a receipt for $100k+, and if you don't get scored cylinders, then yes, that $9k, 12-year-old SUV is a GREAT deal.
I doubt I will ever sell mine either - will probably always be worth more to me than to other people. I figure my perfect-condition 2004S is worth parts and scrap value, plus a small probabilistic bonus due to the fact that it runs perfectly right now and has not yet had the major failure (arriving tomorrow or never or somewhere in between) that exceeds the value of the car.