HELP Advice on a possible 996 purchase
#16
09-15-2017, 11:43 AM
Errrrr
"So, say the car is worth $30K to $31K":
Show me a 996TT anywhere with 47k miles for less than $40k. NADA means NOTHING. The specialist insurance companies like Grundy will get you the true value. My 02 with 46k miles totally stock was insured on an agreed value of $50k. I sent them one pic and they didn't request any more info. Just saying ......
Show me a 996TT anywhere with 47k miles for less than $40k. NADA means NOTHING. The specialist insurance companies like Grundy will get you the true value. My 02 with 46k miles totally stock was insured on an agreed value of $50k. I sent them one pic and they didn't request any more info. Just saying ......
Last edited by DBAM; 09-15-2017 at 11:47 AM.
#18
09-15-2017, 07:16 PM
"So, say the car is worth $30K to $31K":
Show me a 996TT anywhere with 47k miles for less than $40k. NADA means NOTHING. The specialist insurance companies like Grundy will get you the true value. My 02 with 46k miles totally stock was insured on an agreed value of $50k. I sent them one pic and they didn't request any more info. Just saying ......
Show me a 996TT anywhere with 47k miles for less than $40k. NADA means NOTHING. The specialist insurance companies like Grundy will get you the true value. My 02 with 46k miles totally stock was insured on an agreed value of $50k. I sent them one pic and they didn't request any more info. Just saying ......
If the link expires it's a 2003 996 Turbo coupe 70K miles for $34995, more similar too.
BTW, your premium will reflect your agreed on valuation.
Last edited by nick49; 09-15-2017 at 07:20 PM.
#19
09-15-2017, 08:04 PM
5 minute search produced this. https://www.cars.com/vehicledetail/d...1568/overview/
If the link expires it's a 2003 996 Turbo coupe 70K miles for $34995, more similar too.
BTW, your premium will reflect your agreed on valuation.
If the link expires it's a 2003 996 Turbo coupe 70K miles for $34995, more similar too.
BTW, your premium will reflect your agreed on valuation.
A non stock automatic with 70k miles .... yes
#20
09-15-2017, 09:46 PM
Take it for what it's worth, NADA's sole business is about reporting car valuation. The say this car is worth between $29.5K and $31.9K trade in value for average to very good condition. My last 3 Porsches were purchased below average trade in value and all were much newer with lot lower miles.
NADA values are for stock unmolested cars. It's your job to determine if the mods make it worth less or more than stock. Most buying a high dollar car, Porsche, Maserati, Ferrari, top tier BMW, Audi, Merc, etc. want it close to 100% stock. A modded Subaru, Civic, Fiesta may be worth more to the right person.
So, say the car is worth $30K to $31K, and anything you are paying above this is for the "Ah factor" in your eyes for the mods. What are the mods worth? Remember, they are old, used, not warranted, prone to issues in the future with extremely expensive repair potential. This modded example was someone's dream car that they decided to dump and they are attempting to recoup a fraction of what they spent.
Don't get me wrong, I'm not saying not to mod your car. I have KV coilovers, SSK, RWD only, and others, everything I want. But if it was time to sell, I'd take a weekend and put it back 100% to stock for an easy and quick sell.
NADA values are for stock unmolested cars. It's your job to determine if the mods make it worth less or more than stock. Most buying a high dollar car, Porsche, Maserati, Ferrari, top tier BMW, Audi, Merc, etc. want it close to 100% stock. A modded Subaru, Civic, Fiesta may be worth more to the right person.
So, say the car is worth $30K to $31K, and anything you are paying above this is for the "Ah factor" in your eyes for the mods. What are the mods worth? Remember, they are old, used, not warranted, prone to issues in the future with extremely expensive repair potential. This modded example was someone's dream car that they decided to dump and they are attempting to recoup a fraction of what they spent.
Don't get me wrong, I'm not saying not to mod your car. I have KV coilovers, SSK, RWD only, and others, everything I want. But if it was time to sell, I'd take a weekend and put it back 100% to stock for an easy and quick sell.
NADA is not the correct tool for valuing a 996 turbo. Many cars are not viable reference points for NADA. I am an appraiser and would never base the value of this car on NADA. I would refer to it, but that is all.
#21
09-15-2017, 09:56 PM
Thanks for all of the help guys I'm at a stand still now. Seeing as the shop the owner said did the latest mods is in Miami and I can't get any response. Hope they are ok. Sam stone from Evoms has been a huge help tracking down the original shop for the 4.0 build in Long Island. However with a lack of a paper trail or any meticulous maintenance records I will have to pass. Still in the market so if anyone has a nice 996tt or 997tt I'm in the market. :Cheers
