I'm selling because I want to rid myself of the payment that is 3/4 as much as my house payment! I'm hot to sell it by Friday because another payment is due. I'm further motivated to REALLY sell it before March, because it's under warranty until the end of march. I feel that the factory warranty acts as a catalyst to help move a deal along.

I'm a young guy (25) and I'm just getting my priorities in order. Selling the car will allow me to pay off my revolving debt in 16 months instead of 5 years, and it will allow me to buy my dream engagement ring for my GF next year.

I may take over a short term lease on a car from www.swaplease.com or www.leasetrader.com

Lots of people try to ditch their cars in the last few months of a lease. Some examples that interest me: 2004 FX45 with 14 months remaining, 2003 M3 Cab with 7 months remaining...you get the idea.

This way, I don't have to get locked into a car for an extended period, and I don't have to worry about selling it in this crappy market.

Either that or I may go in halfsies with my dad's SL55.

 

go for it

 

Good stuff. I hope you get the sale done soon.

T

 

BTW Bond - the dealers around LA all say that Tips sell just as well as 6-speeds, so I have to disagree with your $5K discount for the Tip.

The only loose end in your calculation is how you came up with $83K as a starting point.

 

The car is worth what it is worth blue book values have nothing to do with buyers and sellers in the market it has to do with how well the car holds its value and since they made umpteen thousand TT's they are worth **** these days same with 996's.

 

I don't think there is another car for even close to the same money that has the same mix of performance, engineering, status, looks, road feel, reliability, etc.

only others I can think of sub-150k would be GT3, used Gallardo, used Diablo, used 550/575 (but these are expensive to repair/maintain), maybe a couple of others. Everything else under 150k is just another car (mbz, bmw, etc).

 

Now those are good reasons to sell.... Go for it....

 

Now those are the real reasons why TT's are tanking in value, because they're owned by people who can't afford to "really own" them in the first place. The Porsches are priced just low enough for most people to get by with a leased payment plan. Ferrari's on the other hand, are priced beyond the reach of most people who are paying rent or living from paycheck to paycheck.

So it's predictable that when the 01-02TT lease terms are up, the market is flooded with dozens of bail-me-outs.

 

Nothing wrong with downsizing and getting your prorities in order most guys can not admit they are in to deep in there lifestyle and are always trying to live up to others. Me I dont do this I am driving a company car -Jetta GLI 2005 and I am happy when the time comes I will get another 911 until then I have owned 30 cars (I am 37 yrs old) and have alot of other things in my life I am into now other then cars. So be it...Good choice pay off the debt get enagaged and get another car one day. I like the take over someones lease short term deal...something to consider..

marc

 

You said you wouldn't take anything lower than 80k, you caved pretty quickly.

The reality is the car isn't worth 80k, what can I tell you, it sucks buddy, no matter how many mods you have a car is never an investment.

 

It's not just that, resale values across the board for all marks are down, there is just so much new production right now and the times are changing. Everyone wants the newest and latest, and they are willing to pay for that. The cars will only bring in what people will pay, that combined with a saturated market thanks to porsche building WAY too many is the reason.

 

Oh, and since you are in OC, I'll trade you for an X3 if you are down

 

Get a honda, toyota, or any lexus, they hold value much better, because their owners can actually afford and want to trade up most of the time, even for used ones.

 

Man, that would be an absolute steal!! I agree with the comments about modified cars, though. I finally sold my single turbo Supra this week after about 5 months of having it for sale. I was able to get more than I paid for it originally. Of course, I lost about $10k in the mods. As soon as I close on my house, I will be in the market for a 996TT. Wife won't let me pull the trigger unless she has her house. I just wish I could have done all this sooner, as I might have been the guy picking up yours. If I was in your shoes, I would try to meet the buyer haflway on price just to be comfortable selling it.

 

Yes. Porsche overestimated how many people are willing to own and keep these cars.

The glut of used cars will hurt new sales and glut of new cars will hurt used cars sales. It's a vicious circle.

Note that a huge supply in the market doesn't seem to hurt the daily beaters like honda's and toyota's value as much because they're not just nice-to-haves.