Hey Guys,
I have never really considered selling my car, but I have had 3 customers in the past few months ask if I would sell my car.... Now they have me thinking... As much as I love my cars, half the fun is building the car... I am starting to like the 997S and I think it might be fun to build one up....
I am still not sold on the idea as I think I might miss the 996TT too much, but would be interested to hear what you guys really think my car is worth...
Specs:
2002 996 Turbo
Speed Yellow/Black Interior
17,000 miles
Factory ($136,000 window):
Porsche Areokit (No longer on the car)
Small Carbon Package
Carbon Steering Wheel
Carbon Console
Carbon/Aluminum Shifter/Handbrake
Porsche Sport Seats
Yellow Painted Seat Back
Yellow Stitching on Doors, Dash, and Seats
Crest In Headrests
Floor mats w/"Porsche Logo"
AM/FM/CD Radio

Aftermarket:
Performance and Suspension Upgrades:
FVD Level 2 ECU Upgrade
FVD Cut-Off Valves
BMC Airfilter
FVD Sport Exhaust (With Cat Bypass Pipes)
FVD PSS-9 Coilovers
FVD Short Shift Kit (33% Reduction)
Exterior Upgrades:
Gemballa GTR Front Bumper
Gemballa GTR Carbon/Kevlar Vented Hood
"Gemballa GTR Style" Rear Bumper
M.A. Shaw Carbon Fiber GT2 Wing
Techart Side Intake Splitters
Strosek Roof Spoiler
19" HRE 845R's (Black Centers/High Polish Lip)
Michelin Pilot Sport 2's (235/35/19F-315/25/19R)
X-54 Exhaust Tips
Silvervision Front and Rear Turn Signals
Bluevision Side Turn Signal
Carbon Fiber "TURBO" Emblem
Painted Bumperettes
22% Lumar Tint
Clear Side Markers
Door Plug
Black Powdercoated Mesh in Front and Rear Bumper
Interior Upgrades:
RUF Aluminum Pedals
Carbon Fiber Vents
Carbon Fiber Door Handles
Carbon Fiber Storage Bins
FVD Yellow Gauges
Custom Floor Mats (Yellow trim and FVD logo)
K40 Radar Detector/Diffuser
Total invested is about $180,000...
Evan

 

50K

 

Geez man you will give me 50K for the aftermarket parts??? SWEET I will put it back to stock for that
Evan

 

You forgot about the Carbon Fiber "TURBO" Emblem & Bluevision Side Turn Signal

50.5K

 

Evan how many miles? Modded cars dont bring big dollars. I am guessing wholesale 93k and retail maybe 105k. Also where are my matts?

 

$115ish...????

 

Hey Duane,
17,000 miles
The mats are here, but I need your card info!!!!! PM me a fax number since your email doesn't seem to be taking my emails....
Evan

 

also dont sell the car, I have been down that route, you will lose to much.

 

100K

I say you keep it in front of the shop and list it at 130K. If the right buyer comes in he does, if someone comes in and offers you 110-115K i'd sell it

 

Wholesale for a stock 02 is $85k, because its yellow, no offense, at least around here would bring a little less. Can't really tell you what its worth with the mods though.

Lou

 

evan,

this is the problem, there's always something else coming out thats a little better. This is just me but I'd say that knowing your age and all that you've been through: keep your car for 6 months longer and then see how you feel about a 997s. Now if you were talking about upgrade to gt2, 360, or maybe 430 the discussion would be somewhat different.

I am speaking from experience. The truth is that I am a caraholic and modaholic to some extent. I would get a different car every 6 months or sooner if I could. Problem with that is I would need to find a new wife if I kept doing that.. Now I am getting 2-4 years out of a car .

Also, other issues:

1. mods usually cause a car to depreciate rather than appreciate
2. mods dramatically reduce the buyer pool
3. people are less likely to buy a car from you because of your age than they would from someone in their 40-50s (read: the younger you are the higher risk for abuse a car takes). This is by no means a reflection on you, but a stereotype.
4. for most, yellow cars are to in your face and resale at a lower value.

5. your car has depreciated down a lot since new, keeping it 6 months more will allow you to minimize your losses, see what bugs the 997 has and if there were any frenzy about these cars I think it would be safe to say that it'll be gone and then some by that time.
6. Also, on the bright side I think the release of the 997 turbo will be an '06 from what I hear.

This is my own 2cents and meant to help. I also liked building my car and you bet that if someone offered me over what the car is worth I'd take. The thing is, mods and restoration don't pay unless you buy cheap (read: from the modder or restorer). best luck in your endeavor.

regards,

 

Evan,

How much gas is in the tank? This could add quite a bit to the vehicles value.

 

With the way you beat on your dad's cars, I'd say no more than 75k tops.

 

Actually, that was a few months ago. 02s are now in the mid to high 70's at the Manheim auctions. You're right about the color yellow though... A yellow 02 X50 with 20k miles just went for $74K!!! I missed out on that one, but I'm going to be getting something this fall/winter since the prices come down a lot during these seasons...

 

Keep your car Evan. You won't be happy with a 997S.