997Current model of the 911 C2, C2s, C4, C4S, Targa and Cabriolet Discussion. Sponsored ByHRE Wheels
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Been looking at a 997.2 or a turbo..I have been to 3 dealers in my area..Not saying the economy is back..but people are buying the used inventory. I have a few deals being considered..we will see , I'l let you guys know.
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NYC -
If you buy a Turbo you have to buy used . PDK and an engine change are a future possibility plus depreciation can place you in an 07 coupe for under 100K . An 08 Cab for not eons over 100 K . I recall you want Tip or PDK.
If you buy a 997.2 press for at least 10 percent . If it's a loaded up C4S Cab -more than 10.
My pick goes to the Turbo used even if its a Tip . The car modifies so easily that you can make it an all out monster yet it can be very civilized .
I agree with 100% . Turbo's are are great deal now...but I am concerned when they go PDK...but how low can an 07 turbo go...?YIKES.
Depends on miles , options, condition . Even a new Turbo can range from 130K -160 for a coupe . Cabs are more .
My strongest opinion is erase the PDK vs Tip doubts via buying a manual . I know that traffic and other drivers in the family may want a tip but anyone can learn to shift gears and you really will get to have the car of choice .
In fact if you kept your current car (rather than lose in trade) PLUS boought a manual coupe you might just have the best of both .
i bought my car a little over a month ago and i didnt find a car in the low 50's either. the cheaper 997 S's usually either high miles or blemished carfaxes or were low optioned
Kurt --those lease residuals incorporate miles . Most used shoppers want a CPO with less than 10K miles which kinda skews things.
Yea, I agree and I thought someone might respond with it. Just looking at cars for sale, not knowing sold prices, it seems to me that the prices I posted are close to retail pricing for most 997s for sale now. I agree that < 10k miles makes a difference - it certainly does to me when I'm shopping. I do not think the difference is huge between two lightly driven cars though. For me, the difference between a CPO with 22k miles and 9k miles is negligible - a few $1ks at most.
How much difference do you think it makes (examples are great)?
[quote=Kurt_OH;2325065].............. it seems to me that the prices I posted are close to retail pricing for most 997s for sale now. I agree that .........
As a shopper, buyer, and seller I think you are 'right on'. I've 'worked' with about a dozen Porshe dealers in several parts of the country over the past several years and found one really important variable; a few of the "performance and driveability" options count in the value and your formula -such as sports chrono or power/heated seats or sometimes tiptronic. Navigation, 6 disc cd, the high dollar gingerbread features such as full leather and wood/aluminum/carbon fiber interiors add saleability but not nearly as much in trade in value or price. Thus in today's market a 'good' 07 "S" with a MSRP of 90K is now maybe 54-59K; the same S with a MSRP of $102K will be 57-63K.
I'd also agree that a CPO is worth a couple K to me as a buyer, but I'd remember that the dealer did not pay one penny more when he acquired it so that part of the selling price shoud be pretty negotiable.
Last edited by tejoe; 03-31-2009 at 09:32 AM.
Reason: SP.
I'd also agree that a CPO is worth a couple K to me as a buyer, but I'd remember that the dealer did not pay one penny more when he acquired it so that part of the selling price shoud be pretty negotiable.
Not sure what you mean; doesn't CPO cost the dealer some price to basically "insure" the car?
Yes, I believe the dealer is charged to CPO a car.
I wouldn't think that dealerships run any different than any other business that has different departments. Each dept should have it's own P&L and would charge back to other departments their cost of doing business. Warranties are essentially just insurance policies with risks/costs based on actuarial data so i would guess it would function as such.
That said, i dont work at a dealership so i have no idea, but it seems reasonable and good business practice to do so.
I wouldn't think that dealerships run any different than any other business that has different departments. Each dept should have it's own P&L and would charge back to other departments their cost of doing business. Warranties are essentially just insurance policies with risks/costs based on actuarial data so i would guess it would function as such.
That said, i dont work at a dealership so i have no idea, but it seems reasonable and good business practice to do so.
I agree but it's irrelevant to the conversation, which is the amount of money the dealership has in the car. Even if there is "shared interest" among profit centers within a dealership, each of them would add to the cost and expected return. Otherwise, I'll just buy the car from the CPO department and only pay for the warranty, and not the car itself, since a different profit center paid that part of the cost! :-)
Not sure what you mean; doesn't CPO cost the dealer some price to basically "insure" the car?
You're more correct than I. My warranty runs out in 6 months so I've done a lot comparing getting the car CPO'd versus an extended warranty.
Basically there are 2 different Porsche CPO's. Either way the dealer performs a 100 point check list and then must fix anything that is wrong. The beauty of doing this with a car still under warranty is that he does most of any needed repairs under warranty so Porsche pays the bill. His most significant cost is if he needs to replace the tires which of course are not covered. At that point he does pay Porsche something to "reregister" the car; I have not yet found out what this amount is but it's different depending upon which CPO, which model, and I'd guess which options.
For what it's worth, you can get a CPO on your later model Porsche with some dealers (my selling dealer will do this; 3 Florida dealers have just laughed at me) if you go to a lot of trouble; you have to "sell" the car to the dealer then "buy" it back. I'm looking at a ballpark charge (from the General Manager) of $2,000 plus the cost of any non-warranty repairs, but this is nowhere near firm yet. I'd guess that they'd want to make at least $1,000 for their time and paperwork which would mean that Porsche NA was getting a grand for the extension.
Most of the CPO info is available at Porsche.com if you want to plow through it. Sorry to be so damn wordy.
Yea, I agree and I thought someone might respond with it. Just looking at cars for sale, not knowing sold prices, it seems to me that the prices I posted are close to retail pricing for most 997s for sale now. I agree that < 10k miles makes a difference - it certainly does to me when I'm shopping. I do not think the difference is huge between two lightly driven cars though. For me, the difference between a CPO with 22k miles and 9k miles is negligible - a few $1ks at most.
How much difference do you think it makes (examples are great)?
There is a huge difference . This is not the case with less exclusive cars like an E class Mercedes or 3 series BMW but with a Porsche if one crosses that 10K mi mark it psychologically sends the wholesale value down at least 3 K and maybe as much as 8K on a Turbo . On Ferrari and Lambo the drop is even worse and most cost dramatic with miles on the car .
I have had lengthy conversations with used car lots when wanting to sell my previous Porsches . One time I saw this beautiful Ferrari on the used car lot with 17K miles for over a year . No one wanted to buy it because it had miles . The only thing wrong with the car was that the owner loved it and drove it often enough to deter used car shoppers who saw the odometer.
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