GT4 mileage
12-15-2018, 06:20 PM
#1
Instructor
Thread Starter
GT4 mileage
Hello,
Put a deposit on a CPO GT4 with 9K miles.....Now i found similar car with 2500 miles. Not sure yet if second car is CPO
How much would you guys attribute to 7000 mileage difference?
Put a deposit on a CPO GT4 with 9K miles.....Now i found similar car with 2500 miles. Not sure yet if second car is CPO
How much would you guys attribute to 7000 mileage difference?
12-15-2018, 07:05 PM
#3
Instructor
Thread Starter
Cars are different:One is plain without buckets or any options while the other has Buckets new tires etc
12-15-2018, 07:12 PM
#4
Rennlist Member
However, I would also go CPO car over aftermarket warranty if you plan on tracking. I’m pretty sure Fidelity won’t cover track use problems. Porsche will, even do it’s written that it won’t specifically in their CPO literature.
12-15-2018, 07:38 PM
#5
Instructor
Thread Starter
The price depends on the car and location. Example, my car needed new tires before it could be CPO’d. So that’s $1600 right there. Then there’s labor for the inspection. Four hours of labor in Manhattan costs more then four hours of labor in Cincinnati.
However, I would also go CPO car over aftermarket warranty if you plan on tracking. I’m pretty sure Fidelity won’t cover track use problems. Porsche will, even do it’s written that it won’t specifically in their CPO literature.
12-15-2018, 07:45 PM
#6
Rennlist Member
A 10k mile is worth a lot less in a lot of people’s eyes. For what it’s worth, I was offered around $90k by a dealer at couple weeks ago for my $111k MSRP 10k mile car. So it’s lost over 20k in value. I value CPO though, since I track my car. I’m not being stuck with a bill to replace a GT4 transmission when my 3rd gear goes.
12-15-2018, 08:24 PM
#7
Drifting
I would make sure the car you buy has the specs you want. The difference in seats for example change the car significantly. You might be thinking that you’re flexible now and that might change after you buy. Stay true to the car you want!
In my view mileage has had a bigger effect on price than the car. Just guessing but 10k miles is probably 10%, but if you find the spec you want and it happens to have more mileage, the seller might be able to extract higher price because there’s not a ton of these cars in any particular same spec to choose from.
In my view mileage has had a bigger effect on price than the car. Just guessing but 10k miles is probably 10%, but if you find the spec you want and it happens to have more mileage, the seller might be able to extract higher price because there’s not a ton of these cars in any particular same spec to choose from.
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12-15-2018, 08:33 PM
#8
Rennlist Member
I would make sure the car you buy has the specs you want. The difference in seats for example change the car significantly. You might be thinking that you’re flexible now and that might change after you buy. Stay true to the car you want!
In my view mileage has had a bigger effect on price than the car. Just guessing but 10k miles is probably 10%, but if you find the spec you want and it happens to have more mileage, the seller might be able to extract higher price because there’s not a ton of these cars in any particular same spec to choose from.
In my view mileage has had a bigger effect on price than the car. Just guessing but 10k miles is probably 10%, but if you find the spec you want and it happens to have more mileage, the seller might be able to extract higher price because there’s not a ton of these cars in any particular same spec to choose from.
edit: just for reference, using myself as an example. I bought my GT4 last December (wow a year already). I wanted Carmine Red or Shappire Blue only. I wanted full leather, buckets, Sports Chrono, Black wheels and head lights. I also preferred no mods, one owner and CPO was a must. I started my search in September and called almost every dealership selling a car that was CR or SB. I almost settled for white but finally found my car. I paid $6k under MSRP, which was $111k. My car has some excessive options like illuminated CF door sills and extended dash and door leather. I wasn’t sure on them, but I love them so much now. So don’t settle or you’ll kick yourself later.
12-15-2018, 08:38 PM
#9
I generally go for the lower miles, but I would not sacrifice certain things I want. CPO is nice, but it costs basically ~$3k to have it done. At the same time, you can extend the warranty through Porsche and from what I was told the only difference is the $100 deductible. The coverage is pretty much the same as far as the warranty is concerned. With that in mind, I feel CPO is slightly overrated, which is why I passed on it. I could have had it done by the sellers dealer, but like I said, $3k. That almost pays for a transmission fix ;-)
12-15-2018, 08:55 PM
#10
Instructor
Thread Starter
Thank you All......I am still undecided on the seats... I have talked to many folks with buckets and there are a lot of mixed feelings about them....
My 2016 Spyder has the standard seats and I like them....
I don't plan to race the car but want to do some instructional track days to become a better driver
My 2016 Spyder has the standard seats and I like them....
I don't plan to race the car but want to do some instructional track days to become a better driver
12-15-2018, 09:57 PM
#11
Rennlist Member
I'll add another data point. I just traded my car. Carmine/Black, Buckets, MSRP $117,500 well optioned, CPO till Nov 2021, and 24,000 mi. on the odo. No issues all records. Traded ar $80,000. The market has softened.
12-15-2018, 11:41 PM
#12
Rennlist Member
I like CPO. Guess it mostly gives me peace of mind. I agree with a few of the others: Get the car with the color and features that you like. Personally I would not worry about 2500 or 10,000 miles. These are great and very reliable cars. But I'm sure the seller of the 2,500 mile car has it at a bit of a premium.
12-15-2018, 11:59 PM
#13
Instructor
Thread Starter
I like CPO. Guess it mostly gives me peace of mind. I agree with a few of the others: Get the car with the color and features that you like. Personally I would not worry about 2500 or 10,000 miles. These are great and very reliable cars. But I'm sure the seller of the 2,500 mile car has it at a bit of a premium.
12-16-2018, 09:33 AM
#14
Thank you All......I am still undecided on the seats... I have talked to many folks with buckets and there are a lot of mixed feelings about them....
My 2016 Spyder has the standard seats and I like them....
I don't plan to race the car but want to do some instructional track days to become a better driver
My 2016 Spyder has the standard seats and I like them....
I don't plan to race the car but want to do some instructional track days to become a better driver
As far as the bucket seats go, I would not get them if you don't predominantly want the car for track performance. I got them because I know from previous cars that bucket seats make a big difference on the track. You have a much better feel what the car is doing and you won't have to brace yourself during cornering, which all helps make you a better and faster driver, BUT getting in and out of the car is much more difficult and they are NOT comfortable for long trips, if you are even just a little sensitive to lower back issues. I had to drive the car home for 4-5 hours after I bought it, and it became apparent that I won't want to drive more than 2hrs at a time in them. Although I had the same issue in Recaro Sportsters CS seats in my previous track car and made some foam cushions for long trips. So there are ways around it, and if the track performance is important, then they are a must IMO, as long as you know what you are getting in to.
12-16-2018, 10:53 AM
#15
Drifting
When buying and selling, mileage very much matters in determining value. I wouldn’t hesitate in a higher mileage car as long as you are entering at the right price/pricing in the mileage. I’ve been told the mileage break points are 1k, 5k and 10k. There are simply a bunch of low mileage GT4s (GT cars in general) which seems to drive this value element.
My dealer says its $2800 to CPO a GT4. That doesn’t include any costs the dealer may incur to meet the CPO requirements. I would choose to not have CPO if there was a way to select or not select it but these used cars either have it or not and the associates are then built into the price.
LWBs. Try them and get what you like. If it’s a toss up, get them as they are awesome, very much suit the car and will help with resale.
My dealer says its $2800 to CPO a GT4. That doesn’t include any costs the dealer may incur to meet the CPO requirements. I would choose to not have CPO if there was a way to select or not select it but these used cars either have it or not and the associates are then built into the price.
LWBs. Try them and get what you like. If it’s a toss up, get them as they are awesome, very much suit the car and will help with resale.