The dreaded what is it worth thread.
Thread Starter
Rennlist Member
Joined: Oct 2003
Posts: 24,134
Likes: 3,239
From: New Jersey
The dreaded what is it worth thread.
Ok I am looking at an 06 CTTS has everything I have in my current 04 CTT but no trailer hitch. I am looking at it today.
here is the info on the 06. MSRP just below $118k has 17,900 miles in one year which concerns me, a lot of miles in one year. So warranty ends in 1/2011.
Options are:
Colored Crest
6-CD Changer
roll up sunscreens
rear camera
phone module
dark wood package and shifter
Ski Bag
moonroof
? What does the phone module offer? Do I need a specific phone or is this a form of bluetooth?
So what might this CTTS be worth?
Next is my 04CTT. Excellent condition. All records including window sticker. No issues currently. 28,xxx miles all options that were needed at the time Light convenience package etc. Wood trim, moonroof, 6-disk cd changer etc. Tow hitch and prodigy controller. Ski bag etc, crested 19" wheels decent tire tread, spare tire, clear bra covers 50% of entire car. More but can't remember off the top of my head.
Ideas.
Thanks In advance
here is the info on the 06. MSRP just below $118k has 17,900 miles in one year which concerns me, a lot of miles in one year. So warranty ends in 1/2011.
Options are:
Colored Crest
6-CD Changer
roll up sunscreens
rear camera
phone module
dark wood package and shifter
Ski Bag
moonroof
? What does the phone module offer? Do I need a specific phone or is this a form of bluetooth?
So what might this CTTS be worth?
Next is my 04CTT. Excellent condition. All records including window sticker. No issues currently. 28,xxx miles all options that were needed at the time Light convenience package etc. Wood trim, moonroof, 6-disk cd changer etc. Tow hitch and prodigy controller. Ski bag etc, crested 19" wheels decent tire tread, spare tire, clear bra covers 50% of entire car. More but can't remember off the top of my head.
Ideas.
Thanks In advance
Rennlist Member
Joined: Aug 2005
Posts: 3,984
Likes: 1
From: North Shore
Cayenne depreciation is just terrible. I know my '06 CS is now valued in the $20's in trade (MSRP was low $70's).
I suspect you will be hard pressed to find a dealer who offers you $50K or more for your 04 CTT, and I suspect a dealer would be willing to part with that '06 TT in the mid-high $70's.
I suspect you will be hard pressed to find a dealer who offers you $50K or more for your 04 CTT, and I suspect a dealer would be willing to part with that '06 TT in the mid-high $70's.
Super Moderator
Needs More Cowbell
Lifetime Rennlist
Member
Needs More Cowbell
Lifetime Rennlist
Member
Joined: Mar 2002
Posts: 29,323
Likes: 17
Cayenne depreciation? After only 200K produced? Shocking.
Your dealer will likely NOT offer your car as a CPO (too old, too much liability, no real reason to....check the current Cayenne inventory on Porsches Certified PreOnwed section, look for CPO vs Non CPO), etc), so they will likely auction the car (of course this depends on their current inventory of Cayennes).
So, I would expect them to use Galves pricing for your 04TT trade in. If that is the case, you should be looking at what wholesale on the 06TTS is and calculate your out of pocket from there.
Your dealer will likely NOT offer your car as a CPO (too old, too much liability, no real reason to....check the current Cayenne inventory on Porsches Certified PreOnwed section, look for CPO vs Non CPO), etc), so they will likely auction the car (of course this depends on their current inventory of Cayennes).
So, I would expect them to use Galves pricing for your 04TT trade in. If that is the case, you should be looking at what wholesale on the 06TTS is and calculate your out of pocket from there.
Super Moderator
Needs More Cowbell
Lifetime Rennlist
Member
Needs More Cowbell
Lifetime Rennlist
Member
Joined: Mar 2002
Posts: 29,323
Likes: 17
BTW, Toby is the resident forum expert on phone module (prep) and has posted some excellent info on the subject.
Now that I think of it, he is also the resident forum expert on BiXenons as well
Now that I think of it, he is also the resident forum expert on BiXenons as well
Burning Brakes
Joined: Apr 2005
Posts: 836
Likes: 29
As far as how it works or how well it works, I cannot answer you. I have the slot but not that option
But I would assume it works like a speaker phone thru the radio speakers and the mic is somewhere....
Instructor
Joined: May 2006
Posts: 109
Likes: 0
From: Milpitas, CA
I was hoping to trade it in for something else a few years from now but it may be cheaper to keep it. With a bit of luck the $ to maintain it may be less than the $ lost in value.
Burning Brakes
Joined: Apr 2005
Posts: 836
Likes: 29
Cayenne depreciation is just terrible. I know my '06 CS is now valued in the $20's in trade (MSRP was low $70's).
I suspect you will be hard pressed to find a dealer who offers you $50K or more for your 04 CTT, and I suspect a dealer would be willing to part with that '06 TT in the mid-high $70's.
I suspect you will be hard pressed to find a dealer who offers you $50K or more for your 04 CTT, and I suspect a dealer would be willing to part with that '06 TT in the mid-high $70's.
Trending Topics
Super Moderator
Needs More Cowbell
Lifetime Rennlist
Member
Needs More Cowbell
Lifetime Rennlist
Member
Joined: Mar 2002
Posts: 29,323
Likes: 17
He said in trade, so yes, it will likey begin with a 2, as likely Galves pricing will be used.
IIRC, Joanne (RJT) sold their pure red Titanium S for high $40's, but that was a private party sale.
Keep it simple....retail to retail or wholesale to wholesale.
IIRC, Joanne (RJT) sold their pure red Titanium S for high $40's, but that was a private party sale.
Keep it simple....retail to retail or wholesale to wholesale.
Rennlist Stories
The Best Porsche Posts for Porsche Enthusiasts
10 Used Porsches Are Selling for Way Too Cheap
Joe Kucinski
Tuner Is Converting Porsche 911s Into Shooting Brakes
Verdad Gallardo
This Coachbuilt Creation Is A Modern Take on the Legendary Porsche 917
Verdad Gallardo
Is This Convertible Cayenne A Steal, Or A Returnless Investment?
Verdad Gallardo
10 Best Non-Flat Six Porsches You Can Buy For Under $100K
Joe Kucinski
Porsche's Top 5 Most Questionable Naming Decisions
Verdad Gallardo
Pogea Racing's 964 Porsche 911 Reimagination Stands Out in a Crowded Field
Verdad Gallardo
6 Convertible Top MYTHS Most People Don't Understand!
Michael S. Palmer
2026 Porsche 911 Club Coupe is Spectacular, And Everything Wrong with the Porsche Market
Joe Kucinski
Pro
Joined: Dec 2004
Posts: 507
Likes: 0
From: Virginia Beach, VA
CTTS should be worth $68-72k based on mileage and options from what I saw when I was looking. Perhaps a touch more if it's CPO'ed.
The rear camera will be a problematic thing in my opinion since Porsche over-engineered it and it have moving parts. All the other stuff is good.
The rear camera will be a problematic thing in my opinion since Porsche over-engineered it and it have moving parts. All the other stuff is good.
Thread Starter
Rennlist Member
Joined: Oct 2003
Posts: 24,134
Likes: 3,239
From: New Jersey
thanks all
I am looking at high 60's low 70's for the 06 and would be happy to get $48k for my 04, $45k min, but that depends on the 06's price. I hope it works out but if not I am back to flashing the ECU and changing out the exhaust.
I am looking at high 60's low 70's for the 06 and would be happy to get $48k for my 04, $45k min, but that depends on the 06's price. I hope it works out but if not I am back to flashing the ECU and changing out the exhaust.
Rennlist Member
Joined: Aug 2005
Posts: 3,984
Likes: 1
From: North Shore
My plan (right now) is to keep it for a couple more years (or at least until the redesign). That way, I can benefit somewhat as the depreciation curve flattens -- hey, how much lower can it go-- and then I'll trade it in once I go over the 100,000 mile mark for negligible value (I'm hoping $10,000, but it will probably be less) to apply towards a new one. (I do love the truck).
P.S. I have almost 55,000 miles on the clock now and I know I can't get > $30K from a dealer in trade for it.
The good news is that my 993 seems not to depreciate very much, if at all.
Rennlist Member
Joined: Aug 2005
Posts: 627
Likes: 1
From: Wisconsin
Hate to be the pessimist, but I think high 60s to low 70s would be a bit overly optimistic. I had been looking on eBay, AutoTrader, and the Porsche AG inventory of used CTTSs. A quick look on the Porsche AG list of pre-owned CTTSs shows the lowest price of $75,900 for a CTTS. This one has nearly 28K miles, though. You might get one in the low 70s, but it is likely to be in a less-desirable color, non-CPOed, and with a lot of miles. If you were able to work a deal under $70K for a nice low-mileage CTTS, I would be amazed.
Burning Brakes
Joined: Feb 2004
Posts: 1,212
Likes: 3
From: Bernardsville, NJ
Not that it makes depreciation any easier to take, but most luxury cars are depreciating exponentially right now, largely due to the economy. There was a story just today about how car repossessions are at an all time record, with so many people living beyond their means. This creates a glut of newer-used vehicles on the market. Adding to the problem is that new cars are being sold at such drastic markdowns and financial incentives, and the problem with used car depreciation gets worse.
You could also argue that the cars that used to have legendary resale...the BMWs, Mercedes, and Porsches of the world...earned that right by having world-class construction and decent reliability. Case in point, look at how older 911s age, not just mechanically, but in the materials. If you sit in a 1975 Mercedes-Benz sedan and then get into a 2000 model, chances are the materials are in better shape at this point in the 1975. (I just sat in a '78 6.9 the other day, unrestored, and it was remarkable. Every dial still had its lustre and markings.) BMW lost their touch with materials IMHO with the E36 3'er...everything went downhill from there in materials. The last great Mercedes might be the 1994 E Class, or perhaps the SL of that same vintage which shared similar construction materials. With Porsche, the 993 was the last one before they fell off the slope. All of these great German cars used to seem as they were carved from single slabs of granite, but no more. Resale has to be based upon more than initial price and market demand...there is intrinsic value missing in the newer breeds.
You could also argue that the cars that used to have legendary resale...the BMWs, Mercedes, and Porsches of the world...earned that right by having world-class construction and decent reliability. Case in point, look at how older 911s age, not just mechanically, but in the materials. If you sit in a 1975 Mercedes-Benz sedan and then get into a 2000 model, chances are the materials are in better shape at this point in the 1975. (I just sat in a '78 6.9 the other day, unrestored, and it was remarkable. Every dial still had its lustre and markings.) BMW lost their touch with materials IMHO with the E36 3'er...everything went downhill from there in materials. The last great Mercedes might be the 1994 E Class, or perhaps the SL of that same vintage which shared similar construction materials. With Porsche, the 993 was the last one before they fell off the slope. All of these great German cars used to seem as they were carved from single slabs of granite, but no more. Resale has to be based upon more than initial price and market demand...there is intrinsic value missing in the newer breeds.
Rennlist Member
Joined: Aug 2005
Posts: 3,984
Likes: 1
From: North Shore
You could also argue that the cars that used to have legendary resale...the BMWs, Mercedes, and Porsches of the world...earned that right by having world-class construction and decent reliability. Case in point, look at how older 911s age, not just mechanically, but in the materials. If you sit in a 1975 Mercedes-Benz sedan and then get into a 2000 model, chances are the materials are in better shape at this point in the 1975. (I just sat in a '78 6.9 the other day, unrestored, and it was remarkable. Every dial still had its lustre and markings.) BMW lost their touch with materials IMHO with the E36 3'er...everything went downhill from there in materials. The last great Mercedes might be the 1994 E Class, or perhaps the SL of that same vintage which shared similar construction materials. With Porsche, the 993 was the last one before they fell off the slope. All of these great German cars used to seem as they were carved from single slabs of granite, but no more. Resale has to be based upon more than initial price and market demand...there is intrinsic value missing in the newer breeds.
It is clearly a car built more towards an ideal than to make a profit.