I went to my dealership, and they gave me a trade in value for my M5..They said $55,000. It's a 2002 with right around 14,000 miles.

My salesman and I started talking about cars and he mentioned they have an 02 911 Turbo in black on black that they have for sale for $100,000. By the way, they are an Audi/BMW/Porsche dealership.

I was wondering, what do you think the payments will be if I trade the car in for the Turbo. I've had the M5 for 8 months almost, and bought it for 65,000.

I'm not sure on the APR for the Porsche, so I thought maybe you guys could help? Sorry if I'm too stupid to answer the question myself, it's just that you guys probably know a bit more than myself.

I'd love to get in a 911 Turbo, thats for certain!

Thanks a lot!

 

Not sure about payments, but both prices sound pretty good to me...
As you well know the M5 prices AND 996TT prices both dropped like a rock... I think if you could get another 5K for your car or another 5K off the turbo it would be a good deal...and 10K I would be all over it...
GOOD LUCK,
Evan

 

yep. it's the time to drop the E39 M5 now if u're seriously thinking to get another ride.

 

A friend of mine just trade in her M5 for $57,000 without purchasing another car from the dealer. You might be able to get more out of yours if you buying another car at the same dealer tho.

 

10K hit on 14K mile M5 is not bad at all!!
Your payments should not be much...(I assume you're financing the difference)
Check here for a good approximate payment calculator (remeber to include any sales tax in price of TT!)
http://www.bankrate.com/brm/rate/auto_home.asp

 

Also try lease www.leasecompare.com

 

Primus Financial - Fair team and they are not brokers, they lend themselves.

 

Ugh, Sorry I stepped away from my thread. Forgot about it! Thanks for all the replies...

So I'm thinking, if I get 55k on the M5 trade in, all that I'd have to pay is 50k more for a Turbo? For some reason, it just seems way too good to be true.

 

if your planning on buying the car, a basic figure you can go by is....

for every 5,000.00 on the price on the vehicle and an average int. rate for a loan of 60 month/ 5 years your monthly payment is around 100.00

if the price of the car is 35,000

35,000 divide by 5,000 = 7 then multiply by 100 = 700 plus or minus depends onyour credit if it is good or bad....

in your case lets say

100,000 (996TT)- 55,000 (m5)(assuming the car is paid off w/ no lien) = 45,000 divided by 5,000 = 9 x 100 = 900 a month give or take.


for a 100,00(996TT) (no trades no down) divided by 5,000 = 20 times 100 = 2,000.00 per mo.

remember you have to add the taxes , licesing etc to the total price of the vehicle before you devide by 5,000..

i hope this helps

this only works for a 5 year loan on a car...

 

Thanks a lot for the help 02barebones996. Much appreciated

The M5 isn't completely paid off. So, from here, I assume that I will be paying much more than 900 a month, right?

Thanks again, and sorry if I come off so stupid.

 

i hate to be contrary, but i don't think that i would pay 100k for a 2002 tt (miles?). i think that you should be at least 10k less, at 90k.

 

Surely I'd get the price lowered a bit. I'm on good terms with the salesman

I think the mileage is around 8000.

Here's a silver turbo with red interior that the same dealership has. The one I have my heart set on is black.

http://www.getauto.com/autolinks_car...AB29963S685884

Hmmm, this one seems like a very steep price.

 

Let me premise this by saying I am a new car dealer. The wholesale value of a 2002 M5 is $54,700. The book value of a 2002 996TT is $88000 with 5000 miles. I would not pay more than 85000 for the 996TT if it was traded at my dealership with 8000 on the clock . These things are softer beyond your wildest imagination.

Your payment will be $828.00 per month plus tax, paying 100000 for the 996TT and getting $55000 for your M5. Financing through Chase at 3.99%. At 6% tax your payment will be $878.00

You are OVERPAYING BIG TIME for the 996TT. I am very surprised how realistic you guys are about the value of your vehicles. Most people think their cars are worth far more than they really are in the market place.

 

One more thing:

A week ago I bought two 2002 C2's one black/black 6spd w/nav and one silver/black tip both had under 4000 miles and I paid 98,000 for both. I sold them and did not make too much on them

 

yup jajo you would probably pay more if your m5 hasnt been paid off..

before i go to a dealership, i laready know the ballpark figure of how much the monthly payments on the car that i will be buying..

because there are some unscroupolous car salesmen and women out there....

but there are ones that are a breeze to deal with..

with my porsche dealer... i call him up and he tells me how much discount i get and then he tells me what int. rate they offer. and thats it.. nohaggling no damn... paper with the 4 box diagram that shows deposit, payment trade etc.. i hate it when a salesman show me that... lol