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Not a clean car folks...$24k in damages. There was no engine damage as I have the report in hand but all cosmetic so really if you're willing to live with a cosmetically damaged 991 then its a good deal. My 991 was hit in the rear as well and its a straight car.
Ah, that explains the price, if not the ad copy... :P
For $80k I'd rather have a 997.1tt I think.
As an aside: does anyone know if it's possible to negotiate a cash payment from insurance for depreciation? It would certainly suck to have your car hit, have insurance pay to fix it up "like new", but know you're going to take a $10k+ hit on resale because of it.
That's really not a big deal damage wise and as Cam said, it's all cosmetic. It all plastic bits that got busted up, but at Porsche pricing. I don't think that it should take a 10K "hit" for that. I think the low price is indicative of supply and demand. Porsche built a boatload of 991's. Nothing really remarkable about that 991 cab, so the price shouldn't be collector-car worthy.
As an aside: does anyone know if it's possible to negotiate a cash payment from insurance for depreciation? It would certainly suck to have your car hit, have insurance pay to fix it up "like new", but know you're going to take a $10k+ hit on resale because of it.
That's really not a big deal damage wise and as Cam said, it's all cosmetic. It all plastic bits that got busted up, but at Porsche pricing. I don't think that it should take a 10K "hit" for that. I think the low price is indicative of supply and demand. Porsche built a boatload of 991's. Nothing really remarkable about that 991 cab, so the price shouldn't be collector-car worthy.
Phil. Does that mean it's too common to park in front of a Lululemon and expect immediate action?
That's really not a big deal damage wise and as Cam said, it's all cosmetic. It all plastic bits that got busted up, but at Porsche pricing. I don't think that it should take a 10K "hit" for that.
I have the PDF of the repairs by 427 Auto Collision and its the Porsche parts that in fact do make it a $24k hit. The spoiler motor drive itself is $2600...
As an aside: does anyone know if it's possible to negotiate a cash payment from insurance for depreciation? It would certainly suck to have your car hit, have insurance pay to fix it up "like new", but know you're going to take a $10k+ hit on resale because of it.
you are asking about diminished value. It has been paid out before in Ontario, although not successfully won in court yet, but courts have ruled in favour of insured in a few other provinces.
the diminished value is probably about 25% on a 24k hit on a car like this. This car will never be eligible for cpo, and carfax will never go away. Cars can only have original paint once. Porsche buyers are very **** about carfax accident reports.
Myself and the association I belong to for appraisers (PAVE) follows these developments closely.
Imagine two cars side by side identical except one had a 24k hit from behind where they did not repair the engine. How much of a discount would it take to buy the accident one? 10k would not be enough.
Curious as I have never traded in a car before, how would a dealership handle this as far as trade in value? Same hit as selling privately or more based on the permanent record?
Wifey's 2011 MB C300 lease had a $9,700 claim (other drivers fault 100%) and they made zero mention of it when we returned the lease or after the fact and we did not lease another MB.
dealership would probably discount it more when buying it. they also have a legal obligation to disclose the accident when selling. Lease return works different.
Hmm, that's actually a decent perk to leasing. Surprised I've never thought of it or seen it mentioned.
That's why I lease my 991.2 Targa which I use as my daily driver. Semi-exotics like Porsche lose huge amounts on resale with even minor accidents. In a lease, as long as any damage is repaired, Porsche FS takes the car back.
Last edited by KenTO; 09-06-2016 at 11:25 AM.
Reason: spelling
That's why I lease my 991.2 Targa which I use as my daily driver. Semi-exotics like Porsche lose huge amounts on resale with even minor accidents. In a lease, as long as any damage is repaired, Porsche FS takes the car back.
Are you protected from that in a lease? If excess wear and tear are billed back I can only assume there's fine print to deal with anything that devalues the car. No?
08-24-2016, 02:36 PM
