Reasonable offer used 2014 991 TTS?

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Old Dec 20, 2014 | 12:16 AM
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Reasonable offer used 2014 991 TTS?

Found a 2014 991 TTS with less than 3000 miles, non-cpo. MSRP 193K (asking 169K used). Would offering 130K be laughable or reasonable? I have no idea where things are in this market right now. If I extrapolate offers on my car (which I think are wholesale as they are from dealers) to wholesale price on the turbo I'd be looking at 116K on the turbo in a strictly percent basis if that makes sense (I, of course, know that is not gonna fly). Any input appreciated.
 

Last edited by Southwest4S; Dec 20, 2014 at 12:22 AM. Reason: Added current used price of the 2014 turbo
Old Dec 20, 2014 | 01:51 AM
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First question, is why is it not CPO? Was it modified? Do you have the car's history?
Second question, if it was modified, what are the mods? What's the value of the mods? Does it have any negative impact on the car?

After finding answers for the above, you can estimate better the value of the car.

I find $169k is pretty high for a non-CPO turbo S. If the car's history is clean and the mods were done by a reputed company with no hard done to the car, I'd say down to $127k would be very reasonable which is equivalent to 1/3 loss of its original value. This is applicable here in my region, it could differ in the USA however.
 
Old Dec 20, 2014 | 08:06 AM
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Southwest,

You are way off and Hassan you are out of touch with the market. To offer 130k is not laughable it is delusional for a 2014 TTS with 3xxx miles. It just launched earlier this year and eventhough they over produced the car 62k off MSRP for a 3 thousand mile car isn’t going to happen. If you looked around you may be able to find a 14 leftover TTS for the 170k but it is slim pickings right now. Most of the best ones have been bought. You could not buy a regular TT with 10k on it for the price you are suggesting. In fact the lowest priced 991 TT listed is here in Dallas and is a slick top as bare bones as you can get a Turbo at 138k.

I logged into Manheim and there has been one transaction this year below 140k for a car with near 16xxx miles. It sold at 138k(which is now listed for 154 retail). You are on the wrong car with the wrong budget. You either need to pony up more cash or keep the C4S. The car in question with a 192k MSRP is still a 160k car all day long.

Cars.com does not have a TTS listed below 154k.

http://www.cars.com/for-sale/searchr...=GN_REFINEMENT
 
Attached Files
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Manheim TT.pdf (56.6 KB, 66 views)
File Type: pdf
Manheim TTS.pdf (58.5 KB, 60 views)

Last edited by tommyboy214; Dec 20, 2014 at 08:09 AM.
Old Dec 20, 2014 | 08:12 AM
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Originally Posted by tommyboy214
Southwest,

You are way off and Hassan you are out of touch with the market. To offer 130k is not laughable it is delusional for a 2014 TTS with 3xxx miles.
It's out of warranty!

If it was a CPO, I'd say he'd get it 15% less than it's original price. But out of warranty, I'd say 30% less of the original price is very reasonable... that's the way it's here anyway.
 
Old Dec 20, 2014 | 08:18 AM
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HAssaan- No where does it say it is out of warranty. It is a 2014 with a full factory warranty for a period of 4 years 50xxx miles from initial purchase unless otherwise noted. That would mean there are 3 plus years or 47xxx miles left on the original factory warranty. Southwest simply said it is not a CPO car which would extend that factory warranty.
 
Old Dec 20, 2014 | 08:38 AM
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By way of comparison I paid $168k for a brand new 991 TTS where the window sticker was $192,240. It was a leftover in dealer stock. Just got it. There is a huge chasm between $168k for a new one and $130k for one with 3K miles.
 
Old Dec 20, 2014 | 08:56 AM
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SDG exactly what I stated and the higher the MSRP better the discount on leftovers right now. It is very reasonable to get 10-13% on a 2014 TTS right now depending on options. I got my car in August at a great price as 15's were coming in at a little over 10%. A TTS with 3k on the clock is not going for anywhere near 130k.

BTW when you get your europipe are you doing headers or the Plenum? I did not yet.
 
Old Dec 20, 2014 | 09:29 AM
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Originally Posted by tommyboy214
SDG exactly what I stated and the higher the MSRP better the discount on leftovers right now. It is very reasonable to get 10-13% on a 2014 TTS right now depending on options. I got my car in August at a great price as 15's were coming in at a little over 10%. A TTS with 3k on the clock is not going for anywhere near 130k.

BTW when you get your europipe are you doing headers or the Plenum? I did not yet.
I was really stoked to get a well-equipped Turbo S for Turbo money. The biuild had most of what I liked and I liked the colors.

I ordered my europipe two days ago. There's about a six week backlog right now. It fit the sound profile I wanted which was normal volume driven in normal and 20 percent louder in sport or sport plus. The real purpose of it was to set up freer airflow for the GIAC Stage 2 flash.

Will probably get the IPD plenum as well. Best quote I have gotten for that is $779 shipped but I won't name the vendor.

I cannot imagine any scenario where a dealer would accept $130,000 for a very lightly used 2014 Turbo S. I think more realistically a fair price is probably about $150-$160k.
 

Last edited by sdg1871; Dec 20, 2014 at 09:32 AM.
Old Dec 20, 2014 | 12:58 PM
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Originally Posted by HassaanAbdeen
It's out of warranty!
 
Old Dec 20, 2014 | 06:31 PM
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tommyboy214

Thank you for the Manheim pdfs. This is exactly why I posed the question, really had no idea where values are right now. Since you have access to that data base, can you comment on the offer I received from Carmax (I know, I know) for 79K for my 2013 C4S with 12K miles (original MSRP 131K), no mods, but did replace front bumper, left fender due to a minor (less than 8mph) self inflicted damage?
 
Old Dec 20, 2014 | 07:06 PM
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Originally Posted by tommyboy214
Southwest,

You are way off and Hassan you are out of touch with the market. To offer 130k is not laughable it is delusional for a 2014 TTS with 3xxx miles. It just launched earlier this year and eventhough they over produced the car 62k off MSRP for a 3 thousand mile car isn’t going to happen. If you looked around you may be able to find a 14 leftover TTS for the 170k but it is slim pickings right now. Most of the best ones have been bought. You could not buy a regular TT with 10k on it for the price you are suggesting. In fact the lowest priced 991 TT listed is here in Dallas and is a slick top as bare bones as you can get a Turbo at 138k.

I logged into Manheim and there has been one transaction this year below 140k for a car with near 16xxx miles. It sold at 138k(which is now listed for 154 retail). You are on the wrong car with the wrong budget. You either need to pony up more cash or keep the C4S. The car in question with a 192k MSRP is still a 160k car all day long.

Cars.com does not have a TTS listed below 154k.

http://www.cars.com/for-sale/searchr...=GN_REFINEMENT
Give the average auction price for a used 2014 991 TTS of about $160k I am feeling pretty good about my $168k deal for a brand new one on a $192,240 MSRP 2014 991 TTS.
 
Old Dec 20, 2014 | 09:13 PM
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The Jax FL Lotus Dealer has/had a 2014 Turbo S with <400 miles for $169K which is probably negotiable to $164K.

I would say $155K - $162K would be a very fair price for a 2014 Turbo S with 3,000 miles.
 
Old Dec 20, 2014 | 09:21 PM
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Originally Posted by HassaanAbdeen
First question, is why is it not CPO? Was it modified? Do you have the car's history?
Second question, if it was modified, what are the mods? What's the value of the mods? Does it have any negative impact on the car?

After finding answers for the above, you can estimate better the value of the car.

I find $169k is pretty high for a non-CPO turbo S. If the car's history is clean and the mods were done by a reputed company with no hard done to the car, I'd say down to $127k would be very reasonable which is equivalent to 1/3 loss of its original value. This is applicable here in my region, it could differ in the USA however.
Wow, you guys mark everything down now that you are giving oil away?
 
Old Dec 20, 2014 | 09:22 PM
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Originally Posted by Southwest4S
Found a 2014 991 TTS with less than 3000 miles, non-cpo. MSRP 193K (asking 169K used). Would offering 130K be laughable or reasonable? I have no idea where things are in this market right now. If I extrapolate offers on my car (which I think are wholesale as they are from dealers) to wholesale price on the turbo I'd be looking at 116K on the turbo in a strictly percent basis if that makes sense (I, of course, know that is not gonna fly). Any input appreciated.
laughable but you could try for $150k, I got one like that for $157k in late August.
 
Old Dec 20, 2014 | 11:47 PM
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Originally Posted by Southwest4S
tommyboy214

Thank you for the Manheim pdfs. This is exactly why I posed the question, really had no idea where values are right now. Since you have access to that data base, can you comment on the offer I received from Carmax (I know, I know) for 79K for my 2013 C4S with 12K miles (original MSRP 131K), no mods, but did replace front bumper, left fender due to a minor (less than 8mph) self inflicted damage?
Traded my 13 C4S with 21k miles and a sticker of $138k for 90k. Car was clean except had a decent amount of rock Chips from the track. Also gave in an extra set of non-oem rims with no tires(put the snow tires on my GT3). There first offer was $75K and I told them to get off the pipe. Is your car PDK? The manuals are not doing well in resale supposedly.
 


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