Trade-in offer for my GT4: thoughts?
01-15-2019, 09:46 PM
#17
Rennlist Member
$85,000 sounds about right to me, with the new GT4 around the corner, the buyer pool for 981’s will be light until pricing and details on the new model come out.
01-15-2019, 09:58 PM
#18
Rennlist Member
01-15-2019, 11:13 PM
#19
Drifting
Certainly too low. But dealers know that sellers are sometimes very motivated. Try another dealer?
I traded mine last month for $85.6k. $93.3k build (not including delivery), 3700 miles, 60% ppf, as new.
I traded mine last month for $85.6k. $93.3k build (not including delivery), 3700 miles, 60% ppf, as new.
01-16-2019, 01:35 AM
#20
That car would probably sell for between $85 and $90k.
A dealer should offer $75 - $80k. Probably more as a trade-in, less with an outright purchase.
Other options - list & sell here or through a broker.
A dealer should offer $75 - $80k. Probably more as a trade-in, less with an outright purchase.
Other options - list & sell here or through a broker.
01-16-2019, 03:27 AM
#22
Cruisin'
Join Date: Jan 2019
Posts: 9
Likes: 0
Received 0 Likes
on
0 Posts
I just bought a GT4 with 1900 miles for 92 K. The same car was 105 K for a year before the almost 10K price drop. The car was owned by one of the wealthiest person in MA. Which was a plus as it has a story to tell. LOL. So far prices here in Boston area was holding up at 90K regardless of the car's set up.
01-16-2019, 10:30 AM
#23
Rennlist Member
I recently scooped up a nice GT4, and I freaking love the car. But, in order to qualify for a new mortgage and keep my old house as a rental, I need to shed some debt. I will have a renter in my old place paying 10% more than my mortgage+taxes, but apparently the mortgage underwriter deducts 30% off the gross rental income, which puts a bit of debt on my books. That, in conjunction with an zero-balance HELOC (which is counted as debt whether I owe money or not) pushes me toward a slightly riskier rate. Being conservative, I don't mind shedding the GT4 and getting another down the line. I really want to keep this house as an investment; I figure I will net $20k a year after fees and deductions, and that assumes no asset appreciation. This is a popular area and I expect housing to appreciate long-term: the average rate is 5.1% from 2003 till now. A few years of that, and I can buy whatever GT4 is current at the time!
Last edited by Klepper; 01-16-2019 at 02:13 PM.
01-16-2019, 12:12 PM
#24
Rennlist Member
Peter
01-16-2019, 02:06 PM
#25
$70k? Was the salesman able to keep a straight face when he said it?
01-16-2019, 03:11 PM
#26
Rennlist Member
Thread Starter
I assume you have a loan on the GT4, so that's the debt you are trying to pay off. If your zero-balance HELOC is counted as debt anyway, why not draw on it and pay off the loan on the GT4? That gets your debt down (on paper the way the bank looks at it anyway) and allows you to keep the car!!
01-16-2019, 03:12 PM
#27
Rennlist Member
Thread Starter
01-16-2019, 03:28 PM
#28
Rennlist Member
What's the rush? Why not just try to do a quick private sale yourself or, if time is important, use the HELOC to lower/eliminate your car debt then use that as a bridge loan until you sell the car or decide to keep it? A private buyer would value the CPO more than a dealer. Have you tried Carmax?
01-16-2019, 03:49 PM
#29
Rennlist Member
Thread Starter
What's the rush? Why not just try to do a quick private sale yourself or, if time is important, use the HELOC to lower/eliminate your car debt then use that as a bridge loan until you sell the car or decide to keep it? A private buyer would value the CPO more than a dealer. Have you tried Carmax?
I can find a buyer at $85-88k with little effort. I may list it here, but will probably start over on Autotrader. I have had better luck there.
01-16-2019, 10:23 PM
#30
PS Armorer
Rennlist Member
Rennlist Member
Well, owners/sellers always have a different opinion than buyers. As a data point, I paid $84k last month for a $90k MSRP (w/buckets) with 9k miles that had meticulous maintenance and $5k in high quality track mods (same as I would have done) but needed tires and touch up on two wheels. I think the seller and I both did well considering the market. He needed a buyer like me for that car and I was looking for a car set up like his. Win-win.