Good price on a 991, but the ad is painful
#17
Nordschleife Master
painful ad, definitely not helping with the sale as the price keeps dropping.
hopefully someone can get a deal out of it - provided it has a clean accident history.
hopefully someone can get a deal out of it - provided it has a clean accident history.
Last edited by myw; 08-24-2016 at 02:55 PM.
#19
Rennlist Member
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.
#20
Rennlist Member
Thread Starter
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.
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.
#21
Rennlist Member
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.
#23
Race Car
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.
#24
Rennlist Member
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...
#25
Rennlist Member
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.
#26
Drifting
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.
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.
#27
Rennlist Member
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.
#28
Rennlist Member
Thread Starter
Hmm, that's actually a decent perk to leasing. Surprised I've never thought of it or seen it mentioned.
#29
Burning Brakes
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
#30
Rennlist Member
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?