Reading this forum it's easy to see a large number of posts geared towards a recent price collapse . I have said all along that a used Turbo which was the first price big hit in Porsche model line and the 08 leftovers are the best deals . Now one can find a huge disparity in price in every segment .

This is both good and bad . It's good for a buyer in the short term . It wil not be good in the long term because if Porsche cuts production the price will rise and the manufacturer will always win in the end .

Another observation is that a down economy has brought despair . Some dealerships may sell a car at cost just to pay their bills to remain afloat and this drives the entire segment down .

This will not last for long so if one is planning to buy a Porsche NOW is the time . If you are planning on selling a Porsche -DON'T . Keep the car . Don't give it away .

Lets try and discuss price points on both new and used 997S cars .

I am seeing 8-10 percent on new cars .
08 leftovers will go at 10 percent or even better .

Low mileage (under 8k) CPO only
07 cars - in the 60's maybe upper 50's
06 cars - 50's
05 cars - 40's

The ranges of whether it's high 40's or low 40's may depend on region . We can take it apart year by year but lets arrive at realistic figures collectively .

 

It is difficult for me to add any idea on the US pricing, but the Canadian US dollar exchange has helped me out when I bought my car as the 1 Canadian Dollar was equal to 1.07 US, the dollar is floating between high 70's and low 80's, so assuming the purchase price was the same the car would cost me 25% more. So the prices in Canada are about the same as where I bought mine last year, I wouldn't imagine many are selling right now.

I agree with you, this is a great time to buy a 997. A 06 in the $50's is a bargin, but only if you have the money to buy one.

 

Leftover 08s at up to 18-20 percent off MSRP

 

since i just went to uranus and back looking for a deal, lets just say that in the above example, it does make a difference if the car is an S model or not, and if its a 4wd or 2wd

someone made an 07 C2 that sold at 48500 an example to show where the prices are. you will not find an S model in that range.

add low miles and options and the price goes up from there.

a nicely optioned 06 or 07 C2S CPO pulls high 50's to low 60's all day right now.

remember,long distance is going to cost you at least an extra 1k to get that car back so i had to think about that.

 

Here's my thinking --there's a lot of people here who either want to buy a car or sell theirs . I do not think dealerships are in business to lose money and they deserve a respectable profit . I also think a lot od used independent lots have cars but CPO is attractive. I also think a down economy can bring out the real scum too so what may look and soujnd great in EBAY may not be .

So lets say 5 or ten people are really up to buy a car . Why not pin down a realistic price ? Why not even find a dealership ready to move several cars?

 

It seems so difficult to really nail down a price on anything right now because if you look at whats posted you'll find numbers all over the board. Some seem ridiculously cheap and then there are some like this one http://orangecounty.craigslist.org/ctd/1022655662.html (130k for a used TT coupe??) where you think the dealer has no touch on reality.

 

you have 3 groups:

1. serious buyers
2. the tire kickers
3. the hopefuls

your answer is going to depend on who you ask.

we had the same thing going on on the corvetteforum.

the only people you can actually trust for their word are ones seriously looking for a car. the ones looking and researching, making phone calls, going to dealers ect.

forget Ebay. it is not an indicator for ANYTHING. too much behind the scenes crap going on there to be reliable.

and just because you find one steal of a deal, doesnt mean the market is that bad.

the market is down, yes, but not as much as some people in group 2 and 3 would want you to believe.

i went in with bigger expectations because of that but the low priced cars are either non existant or have good reason to be low.

i looked for about a month or so

 

Bara --You echo my sentiment to the letter .

Phil - The 130K Turbo is as unrealistic as the 75K Turbo just on opposite extremes .

To me a realistic price occurs with a well kept car (or even new car) from a respectable dealership who can stand behind the product and state a purchase deal without game playing .

 

[QUOTE][, it does make a difference if the car is an S model or not, and if its a 4wd or 2wd
/QUOTE]

AWD will cost about 3-5K more than a regular C2S . I zoomed in only the C2S pricing.

 

Definitely the time to buy. The local Maserati dealer here was actually doing 20-30 % on their QPs as Maserati wasn't giving them any 2009s until the 2008s were gone. Good deals abound!

Both the local and bay area dealers that I went to were like ghost towns. When the local guys were pushing me to get the yellow c2 (it was a good price though I hesitated), they warned that the good deals wouldn't last and that they foresaw Porsche completely tightening up the supply this year to the point that even preowned cars would start coming up in value due to almost no supply being available. Sales pitch or reality... probably a bit of both. One of the local BMW dealers (when I last checked a week ago) still had 5-6 2008 M3s. Although they were all 6mt and e90s... one could get a stellar deal at this point.

 

The M3 sank to a new low but it is surprising to see the C2S dropping and to see a new Turbo discounting 10+ K is unheard of in past years . Then again just yesterday two women were standing on US1 with a sign saying "please hire me I have an MBA" . Times are tough .

Those tough times bring out the ugly car sales too . One can buy the car of his dreams and make it home to find gaps ,overspray, engine leaks, and enough repairs to even the score .

A reputable dealership with a solid service center and a profesional sales staff will weather the economic storm and one may pay few dollars more but can have a car which has reduced exposure risks to problems .

As echoed .. this is the time to buy .

 

My friend just bought a MB E(?the one with 500hp)63 amg 140ish sticker for 98k.
Great time to buy, crappy time to sell.

 

TT --that might be an S63 . It's the larger MB . The more gas it eats the harder it is to sell. Porsches are fuel savers in comparison . My M3 lives in the gas station .

 

I bought my C2S 6 months ago with 8k miles and got a screaming deal around $60.

Now it looks like the same car is $5-8K less

When I was looking there were probably 10 C2S's on the market, now there are probably 50-100!!!

But I have had a blast with my car in the last 6 months!

 

You've had fun the last 6 months. My 2007 C4S with 8500 miles cost me 67 about 2 weeks ago. I know I could have probably bargained things down further... but I doubt I was going to have any luck finding carmon red anywhere. It had everything I wanted, but the full leather... I couldn't pass it up. Being on this forum... and especially hearing some of the stories on M3forum and M3post about people who got burned buying from car lots scares me a bit. Even though prices are good, buyer beware. CPO is worth the peace of mind.