Clean 2001 996tt - fair price

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Aug 25, 2011 | 01:30 PM
  #1  
I am discussing price with a private seller and trying to determine what is reasonable. I am neither trying to get a great deal, nor am I willing to overpay – I am just trying to do what is fair. I think the best way to figure this is, if I were to buy this car and then forced to sell, what could I reasonably get out of it?
To help make that determination, I was looking for help from this board. I know you guys have been watching the market more closely than just my 2 month exposure allows

Here is what I know:
2001 996TT
Silver/Black
6 speed
Well maintained (when issues came up, things were fixed properly) by Porsche Dealer
Records available
No accidents or stories
Nonsmoking
Completely stock
Fresh tires
Excellent condition inside and out
30,000 miles
Current owner has had the car for 4 years
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Aug 25, 2011 | 01:57 PM
  #2  
Different cars are worth different prices to different people, but I will give you may best estimate if you can answer a few questions.

There are a few items that tend to drive price up. Let me know if it has any of the items below.

STOCK
X50 package
Sport Seats
Full leather
Navigation
PCCB brakes

AFTERMARKET (sorry, I see you have posted "completely stock")
Exhaust
Wheels
Coil-overs
Suspension components (to correct alignment if lowered)
GT2 front/rear (aftermarket or factory)
Tune

Later, Steve
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Aug 25, 2011 | 02:01 PM
  #3  
With a clean PPI, body, and its low miles I would venture to say right around 45K. Good luck. kenny.
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Aug 25, 2011 | 02:08 PM
  #4  
i would say 45k is high end for a 01. would be more around 39-42k
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Aug 25, 2011 | 02:34 PM
  #5  
Quote: Different cars are worth different prices to different people, but I will give you may best estimate if you can answer a few questions.

There are a few items that tend to drive price up. Let me know if it has any of the items below.

STOCK
X50 package
Sport Seats
Full leather
Navigation
PCCB brakes

AFTERMARKET (sorry, I see you have posted "completely stock")
Exhaust
Wheels
Coil-overs
Suspension components (to correct alignment if lowered)
GT2 front/rear (aftermarket or factory)
Tune

Later, Steve

Good questions. No on all except for the leather - on this I am not sure. What does the full leather cover?

Thanks for the help!
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Aug 25, 2011 | 03:01 PM
  #6  
I would say that $38,000 - $43,000 is where the market is right now for a very base, clean 01 with no options or upgrades. With 30,000 miles, I would offer $41,000, but no more.

Later, Steve
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Aug 25, 2011 | 03:24 PM
  #7  
I own a 2001 model myself and value mine at about $40k personally. Mine has more mileage but has some nice modifications. I would value the car in question between $40k and $42k if I were going to spend the money on it myself today (assuming everything checks out of course). 30k miles is pretty good for a 2001 model, so I would definitely put some stock in that, not to mention the good maintenance records and the color (assuming you like it). Best wishes to you!
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Aug 25, 2011 | 03:50 PM
  #8  
Steve finally a realistic owner. lol so many think they have 50k cars and unfortunately they are not. I am looking myself and sometimes owners are crazy.
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Aug 25, 2011 | 10:14 PM
  #9  
30k miles is pretty darn low. that should add considerable value to it assiming the mileage reflects the condition of the car. Also new tires, comletely stock and the 30k service should add to the price.
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Aug 25, 2011 | 10:17 PM
  #10  
what is he asking for it?
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Aug 26, 2011 | 06:18 AM
  #11  
FYI over the past several months, there have been 46 911 turbos (manual trans, coupes) for sale with 40,000 miles or less. The average asking price was $46,969. 17 of these cars have less than 26,000 miles on them and the average asking price is $47,718.

A lot of these cars have more equipment and 24 of the 46 cars are 2002 or 2003 models.

If you assume people are not selling for the asking price, the fact that the car is a 2001 and has less equipment, I think you can see why low 40's are reasonable.

FYI this information is from the data I have accumulated from autotrader.com over the last 3 months.

Later, Steve
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Aug 26, 2011 | 07:25 AM
  #12  
You can offer whatever you think is fair. I think 45k is reasonable given the miles an alleged condition of the car. I have not seen low mileage cars sell for 40, 60k mile car sure but not 30. Also the values of the model years really cross, there are 02s that sell for more then 03s and so on. Condition and mileage are really important and its just a matter of what you are willing to pay to have a nice above average condition car, 40k is the average for an 01.
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Aug 26, 2011 | 07:31 AM
  #13  
I would pay (and I did) premium for a well kept car... I spent about 3 months looking for the car I wanted and decided on a 01.. u can find well maintained cars in the low to mid 40s.. don't worry so much about the year but the condition of the car.
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Aug 26, 2011 | 08:43 AM
  #14  
Quote: I would pay (and I did) premium for a well kept car... I spent about 3 months looking for the car I wanted and decided on a 01.. u can find well maintained cars in the low to mid 40s.. don't worry so much about the year but the condition of the car.
I agree, focus on the car and work with the owner as best you can on the price. But really, if the car is A+, then the car will save you money in the long run and you should be less focused on the initial price unless it is out of the ballpark. If the car is not A+ then that is another story. Personally, I would go find another car.
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Aug 26, 2011 | 08:58 AM
  #15  
I've been shopping for over a year, looked at hundreds of cars and studied the market very carefully. I bought in April and basicly haven't kept up since then. Based on what I know, I'd say I'd price the car between $35k and $40k.

High NADA book w/30k miles is $41k. Very few cars will actually sell for this unless at a Porsche dealer and then with a CPO, which may not be available because of the age.

In this ecomomy many cars that sell are aggressively priced. Those fairly priced, even in superb shape without issues will sit. Overall there is an abundance or 996 Turbos for sale, sadly only a few are truly pristine and those are generally high priced.

My best recommendation is to look at a lot of cars, as many as possible. This will give you an idea of what's out there and pricing. You'll be able to find where what you are looking at fits in.

Also, I agree with the above post. Price is only one critera for making a purchase, and not necessarily the most important. Find the perfect car first that will fit into the price range you expect to pay. Once you have done a PPI and are certain you will buy the car, discuss price and make a firm offer with earnest money. Too many people try to firm up on price first, then walk. A savy seller knows and expects this and will not offer his best price. Price should discussed last after you are certain you will take the car. Never discuss price if you have any reservations about purchasing the vehicle. Don't do a PPI or seriously consider a car that is priced well over your budget. Expect a seller to budge 10% or less of his initial asking price.

GL
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