996 Turbo / GT2 Turbo discussion on previous model 2000-2005 Porsche 911 Twin Turbo and 911 GT2.

Please Help Price My TT

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Old Mar 1, 2010 | 07:07 AM
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my guess: 45 for a quick deal and 50 if you want to hang on for a bit i would say. the right person looking for these mods who is certain that the car hasn't been abused would go as high as 52.
 
Old Mar 1, 2010 | 07:11 AM
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Originally Posted by dfwerdoc
my guess: 45 for a quick deal and 50 if you want to hang on for a bit i would say. the right person looking for these mods who is certain that the car hasn't been abused would go as high as 52.

I've got basically the same car, 03, 57k miles, 18g's, meth. Wouldn't take a penny less than 55 for it. Guess I get to keep it!!!
 
Old Mar 1, 2010 | 07:24 AM
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i think as others have said that to some degree it depends on how badly you want to sell it, and in what sort of timeframe. from what i have observed on this site, cars that are for sale at an unrealistic asking price tend to sit, and those where the seller realizes where the market truly is and asks accordingly, get sold relatively quickly. the difference between now and 9 months ago is that 9 months ago even if you priced the car accurately it was tough to sell. at least now if you price accurately it feels like things will move. i don't agree with the notion that prices are rising, just that things are selling now at the new market levels.

so for this car i'd say ask mid to high 40's and hope for an offer close to your asking price. glws!
 
Old Mar 1, 2010 | 07:44 AM
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Originally Posted by cohenfive
i think as others have said that to some degree it depends on how badly you want to sell it, and in what sort of timeframe. from what i have observed on this site, cars that are for sale at an unrealistic asking price tend to sit, and those where the seller realizes where the market truly is and asks accordingly, get sold relatively quickly. the difference between now and 9 months ago is that 9 months ago even if you priced the car accurately it was tough to sell. at least now if you price accurately it feels like things will move. i don't agree with the notion that prices are rising, just that things are selling now at the new market levels.

so for this car i'd say ask mid to high 40's and hope for an offer close to your asking price. glws!
I think this is the most accurate post here. You can look around and see asking prices and where they are at, but you will notice the higher asking prices tend to sit for a while.

For giggles, you can always shop your trade and know the absloute floor for your selling price as well.

Good luck if you choose to sell. The car sounds fantastic!
 
Old Mar 1, 2010 | 08:20 AM
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According to Manheim reports, this car would be a $37-$41k car which is probably what most dealers would offer. They would in turn ask @$40-$45 for it. Unfortunately, as most know, the mods mean nothing at trade in and in some cases it is a deterrent. If you look at their results, the prices have continued to slide from Sept to Feb. I am sure this is partly due to the cars turning one year older on paper.
This car is above my search price for what would be a daily driver to me, but if I was interested, I would be a very interested buyer in the $42k range, with a quick deal at $40k and that is because I don't mind the mods.
My price point to mileage is more @ $33k-$35 with mileage at 55-75k. Right now there are some cars that I could have that deal done today. The only thing holding me back is that I can't decide if I really want it more than my current 993 NA which I enjoy as a daily driver.
 
Old Mar 1, 2010 | 08:26 AM
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Originally Posted by nanokpsi
I think this is the most accurate post here.
thanks...i'm sort of a 'student' of markets generally, and i'm looking and longing at 996tt markets specifically. not my time to replace my m5 yet with tuition bills still at their peak for me, but some day soon!!

i can't wait to see pix of this car in the classifieds section...sounds sweet.
 
Old Mar 1, 2010 | 08:30 AM
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Originally Posted by Durango Kid
IMHO, you'd be fortunate to get $40k. GLWS
I have thought a lot more about this post and my honest opinion (not my want to fleece you opinion) is this:

If you wanted to trade it, you'd likely be offered between $35,500 to $39,500 depending on what you were buying and how badly the dealer wanted to sell you a car.

In a private sale, I wouldn't think you would have to take less than $45,000. If you had time and patience and found a buyer who appreciates what you have to sell, you could possibly get $50 - $52,000.

If you buy into SAVE4IT's formula and giving the x50 premium you're looking at $44,171:

Originally Posted by SAVED4IT

1) Miles - 26 cents per mile discount
2) x50 option (0/1 variable) - $4300 premium
3) Age - how old in years the car was at time of purchase (an approximation, since model year and transaction year was rounded) - $4100 decline per year old (above and beyond the mileage)
4) cab (cabriolet) - $2500 premium but not statistically significant (fewer transactions, so an unclear relationship)
5) war (warranty) - $2500 premium
6) crisis (sales after August 2007 when credit became tight) - $8800 immediate drop.

One can calculate whether they beat the average on their own purchase by applying the modeled formula to their case. For example on my purchase:

2002 X50
$45,000
March 2009 (implying an age of 7 and crisis = yes)
52000 miles
Warranty

$93039 - $.269 * 52000 - 7 * $4127 + $4292 + $2527 - $8838 = $48143
My recommendation would be to ask $49995 and either hold out for your price or negotiate from there. Asking more than $50k and you are likely to turn away some otherwise potential buyers.

I would think to get more than $50k, it would need to be a CPO car.

I am far from an authority on the subject, just sharing my own thought process. GLWS
 
Old Mar 1, 2010 | 10:45 AM
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Let's not forget the time of the year is a definite factor in the sale of sports cars, effecting price and demand. We are getting close to prime time. I realize your in California and winter is somewhat of a lesser factor for you, but for the 80% of us that live with snow, ice & cold, it is. A general rule of thumb is sell by July 4th to get the best price. IMO you should ask upper 40's, sounds like a nice car with reasonable milage. Good luck.
 
Old Mar 1, 2010 | 11:06 AM
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More than generous with your time guys.......thank you.
Shopping the trade a great litmus for the bottom end. For the sake of 10% perhaps a classified private listing not so appealing but $10-$12 grand difference could be worth some pain.

Cheers,

J
 
Old Mar 1, 2010 | 02:18 PM
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Originally Posted by DougM
According to Manheim reports, this car would be a $37-$41k car which is probably what most dealers would offer. They would in turn ask @$40-$45 for it. Unfortunately, as most know, the mods mean nothing at trade in and in some cases it is a deterrent. If you look at their results, the prices have continued to slide from Sept to Feb. I am sure this is partly due to the cars turning one year older on paper.
This car is above my search price for what would be a daily driver to me, but if I was interested, I would be a very interested buyer in the $42k range, with a quick deal at $40k and that is because I don't mind the mods.
My price point to mileage is more @ $33k-$35 with mileage at 55-75k. Right now there are some cars that I could have that deal done today. The only thing holding me back is that I can't decide if I really want it more than my current 993 NA which I enjoy as a daily driver.
You've got to be a dealer. I know you're just trying to give him trade in value data but for $40K I hope the dealer throws in some KY
 
Old Mar 1, 2010 | 02:21 PM
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I would list on here as well as other classified sites and ask very high 40s or low 50s. I'd imagine it would sell in the mid-high 40s range in normal time...
 
Old Mar 1, 2010 | 02:57 PM
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Originally Posted by ReeknHavic
You've got to be a dealer. I know you're just trying to give him trade in value data but for $40K I hope the dealer throws in some KY
No, I am not a dealer. The updated Manheim prices I quoted are on this site in the financing/lease section.
I am a potential buyer who is simply on the fence because I cannot decide if I will like the Turbo better than my 993 as my daily driver. It is possible that they may fetch more on this site. I really don't know. However, just because a dozen people post responses to every car here that the car is worth every penny they are asking, doesn't mean it is really worth that. The "great car, I would buy it in an instant if I only...." had the money, could sell my ricer, can get financing....posts are all over this site.
 
Old Mar 1, 2010 | 11:23 PM
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Originally Posted by DougM
According to Manheim reports, this car would be a $37-$41k car which is probably what most dealers would offer. They would in turn ask @$40-$45 for it. Unfortunately, as most know, the mods mean nothing at trade in and in some cases it is a deterrent. If you look at their results, the prices have continued to slide from Sept to Feb. I am sure this is partly due to the cars turning one year older on paper.
This car is above my search price for what would be a daily driver to me, but if I was interested, I would be a very interested buyer in the $42k range, with a quick deal at $40k and that is because I don't mind the mods.
My price point to mileage is more @ $33k-$35 with mileage at 55-75k. Right now there are some cars that I could have that deal done today. The only thing holding me back is that I can't decide if I really want it more than my current 993 NA which I enjoy as a daily driver.
There is no history to the cars sold at auction. You have to take your chances and hope for the best. The seller here has all the service records and with a PPI you should be able to get a good idea if there is anything wrong with the car _and_ be able to talk to the owner. You don't have that type of advantage at Manheim, which is fine for some people. The history and PPI are easily worth an extra $2-3K over a unknown car at Manheim (IMHO) and who knows what happened to the cars at auction. I've seen auction cars that are really beat up (RS4 with a non functioning clutch, frame damage cars, etc.).

Manheim auction prices based on 42K mies (Mar 2- Mar 9- based on more transaction) are as follows:

Auction - Above condition = $39K
Auction - Average condition = $36K
Auction - Below condition = $32K

Est Retail - Above condition = $49K
Est Retail - Average condition = $42K
Est Retail - Below condition = $35K

Even if dealer buys a similar car at auction they will mark it up to at least the high $40's.

I think you could ask $47.5 and have no problem getting 44- $45K
 
Old Mar 1, 2010 | 11:46 PM
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Originally Posted by DougM
No, I am not a dealer. The updated Manheim prices I quoted are on this site in the financing/lease section.
I am a potential buyer who is simply on the fence because I cannot decide if I will like the Turbo better than my 993 as my daily driver. It is possible that they may fetch more on this site. I really don't know. However, just because a dozen people post responses to every car here that the car is worth every penny they are asking, doesn't mean it is really worth that. The "great car, I would buy it in an instant if I only...." had the money, could sell my ricer, can get financing....posts are all over this site.
Note you're talking about an auction. This gentleman is not. If you have access to the Manheim auction or have a buddy who does and are inclined to take a chance with the car that's your choice. This car is certainly more of a known quantity than one you'll find at an auction. I have an acquaintance who owns a dealership and have heard a few stories from him. As someone who owns a 996tt I would spend an extra few bucks for a clean car if only to have a comprehensive PPI done on the car. Plus you have the history of the car. I understand you're a buyer and want the best deal possible like everyone else. I, for one, like to have a better idea of what I'm buying especially with a potentially expensive to maintain or fix item.

I agree with what others have said about pricing the car for sale. I wouldn't list the car for over $50K as you'd probably have to wait a while to get that.
 

Last edited by ReeknHavic; Mar 1, 2010 at 11:51 PM.
Old Mar 2, 2010 | 05:25 AM
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Originally Posted by cohenfive
i think as others have said that to some degree it depends on how badly you want to sell it, and in what sort of timeframe. from what i have observed on this site, cars that are for sale at an unrealistic asking price tend to sit, and those where the seller realizes where the market truly is and asks accordingly, get sold relatively quickly. the difference between now and 9 months ago is that 9 months ago even if you priced the car accurately it was tough to sell. at least now if you price accurately it feels like things will move. i don't agree with the notion that prices are rising, just that things are selling now at the new market levels.

so for this car i'd say ask mid to high 40's and hope for an offer close to your asking price. glws!
I think your opinion is right on, as I just bought a 12k mile 2002 polar silver TT for 48k from a private individual that looks absolutely brand new with an extra set of wheels and tires and a performance tune. It isn't an x50 but it is well optioned with a window sticker of 130k.
 


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