thanks all for the opinions, Porscheconvert, thanks for the private message, btw I love your car, looks awesomeeee in red..

 

Your deal is not a typical Porsche sale . For starters the car is a C4 which in itself is more rare and that has an effect on price . When it was new it priced higher than a C2 but lower than a c4S which places it in a tricky price point.

The original poster requested low miles . When I hear low miles .. I think less than 10K and not more than 20K. I don't know if you realize this ... but two years ago (2008) 53K would have bought him an 06 CPO car with less than 10K miles . Now that same car asks the same or even more ? And Lexus is the new face of used car Porsche sales? Or Carmax? with auction cars?

In South Florida a person can walk less than a mile from the dealership and there are several independent lots selling Porsches. A buyer may end up with a great car and save 5 grand ... but that's not always the case .

If you did well then I am happy for you .. but your example is not the norm .

Lastly -- your 08 M3 is listed on their inventory . Carfax says you only had it a short time. That car actually looks good and it can run a base 997 C4 . It's even priced in the Op's range .
Why did you sell it ?

 

I've been looking too for and 06/07 C2S, around the same range and it's getting depressing seeing all these 'overpriced' cars and hearing about the glory days. When's this double dip happening it's getting hard to wait.

 

The real "depressing" is when one sees thse prices but then tries to trade in his car . It shows the massive markup driven by used price bubble.
And what of the seller who is in despair ? He clings to greed too in the hopes that he can get what these others are asking .

As for the "glory days" -- the prices were great but the economy was in its downturn . Cashing out investments in a down market reflects true despair . That's why the luxury items like cars were sold first and no one wanted to buy them ... but a few guys here did !!!!! Some could actually sell their car for a profit.

The car is great !!! But not so great to pay 10K above what it's really worth . If that's the case (overpaying) .. then one may as well buy it new OR buy nothing .

 

I liked the M3 but it almost felt like a boy racer car. The overly aggressive bolsters on the seats are a bit too much, I guess if you're on the track all the time maybe, but I might only do that once a year. Also, I had a 986 and a 996 before and I loved them both. IMO the Porsche cars offer better flexibility for someone looking for a car they can drive often without beating it up to extract the performance, unlike BMW M cars.

I bought the M3 in August for 46k from Princeton Porsche and they gave me 45k on trade, so it cost me roughly a thou to drive the Bimmer for 3 months and I got a good deal on a C4 that stickered for 100k a couple of years earlier. This also helped me to pull the trigger.

 

I've started to track the cost of the market as well as yrralis1 but haven't the history; 18 months. What should one expect a year old / 12,000 mile used 911 to depreciate to ? This question does NOT apply to the tt or GT versions because the market is smaller. Should a new 911 at a $100k msrp (say a '09 c2s) be tradable a year later for $90k; I don't believe it will. A used 911 may trade at that level BUT the circumstances will control. The Northwest market seems to hold value and the private market is a bit rougher; gotta find the buyer and be patience.
And respectfully what's overpaying ? Walking in to a dealer to drop $100k isn't overpaying for the product (to me). I got a great deal for the new c4s, yeah it's a M.Gray pdk launch car; but is was what I wanted. An identical '10 was +$25k and the similar '11 was $116k. I hope to hold this ride for at least four years; I just love it and the Sport Bucket seats are shockingly comfortable (I drive 4 hour at a time regularly).

There is a tread for buy / sell points on 996tt but I haven't seen one for c2 or cS. It might be helpful. Someone got my '07 c4 at below $60k (16.9k miles) and it was a sweet car. We all started our affair w/ these cars at some point and had to learn the situation quickly. Yes there are great cars below $60k but you have be ready and understand YOUR market; the dealers already understand theirs.

 

I have to disagree a bit with my friend here. I'm one of the lucky that bought when the market was soft and I'm glad I did.

However, the next statement is flawed. "But not so great to pay 10K above what it's really worth" I hear this argument often. Market value is market value. The market is what people will pay. People have more money now and feel more comfortable about the condition of the economy. THE VALUES ARE HIGHER. How can you argue with the market? Whether or not you consider it a VALUE is something entirely different. Are other cars better and used Porsches a bad buy? Maybe. But it's clear, people still want a Porsche and will pay what the market demands.

Look for a good car. Don't compromise on options. I think we all agree on one thing - it is better to pay for something you will really appreciate and enjoy than stepping up for a "bargain" that will just be a compromise.

 

This is true . However if one compares the gap of wholesale value to retail and relate it to time --the used market has a larger gap than new cars .

I won't argue the market either -- but i would sit on the sideliness and reject chasing it .

When you bought your car my posts at that time shared the sentiment that it was a great time to buy a used Porsche . I would not have suggested buying real estate at that time though . Inserting the same logic no could argue that market either (unless they looked at those same home prices now) .

 

I define overpaying as the comparison of the gap between whiolesale to retail as it relates to time .

In 2008 as the economy was declining the prices of used cars sank . A one year old 997S (2007 car) couild be found at 58-62K and a Turbo at 87-92K.
It's two years later with the same prices .

In 2008 the new cars were not heavily discounted --YET . In fact when the 09m models came out it was not until the invenory was overflowing to see the bargains.

Fast forward to now --
New cars hold the same gap pricing
Used cars do not . Trade in is extremely low and ask prices are very high.

Lastly -- Most who shop for a used car want a bargain . the entire purpose of used shopping is to save money . The shopper is buying a car with a previous owner's history ranging from his driving habits to whether or not he sneezed in the steering wheel.
That in itself ought to make the bargain attraction even higher ..
It once was ..not too long ago .

My feeling is that if one has to dig deep to buy a car then he may as well buy the best value of that market .. and in this case .. it's new cars (especially those priced over 150K ).

There's nothing wrong with holding on to savings rather than chasing an emotional shopping moment with a depreciating item bearing an accelerated pricetag.

 

hey guys and now going back on the price thing, I am looking at a nice atlas grey Carrera, sport chrono, 19" wheels and cabrio.. it is a 2006 14k miles on it, don't know the condition because its not local but in the state, asking price is $54.7 and also certified.. can someone help on here maybe a good offer to the dealer, my local dealer doesn't negotiate that much, I think cause they sell to much don't know.. but I am more interested in an 06 cpo then 07 not cpo, what you guys think? Im just concerned as I dont want to get the car for the next two years and then have it all depreciated..

 

I think i found the car in Texas . I wonder why they didn't list the carfax and why it's not on their actual dealership website .

It's priced nicely if it's really as good as they claim with words like "hurry" .

My opinion -- Don't even ask about price until they supply a DME scan via fax (to detect engine over rev history) and provide the carfax info.

But let's say it's clean and all is good ... offer 48 and close at 51K.

 

actually the car is on the website, what dealership are you referring? yeah this one does not have a carfax only autocheck, but can a car be certified if the engine is been over the red line?
what do you think of cars that had couple of previews owners, can that be a back out

 

Let's not forget the simple fact that the value of the dollar is falling. $80k today is not the same as $80k 2 years ago.

 

I think there's a recent forum rule about giving the name of a dealership .. so i won't name it.
But if you google the name there are two websites . One is theirs and the other is the porschedealer (that's the official Porsche site) . It's not on that official site . Just an observation .. not necessarily good or bad .

I looked at autocheck . 2 owners on an 06 car isn't an issue. A car can be certified with over rev history .. you just need to find out how much and how good or bad.

The car looks nice but you need to be certain . An 06 car is 4+ years old . This may be the one .. just need to be sure all is ok

 

ohh yeah you are right, don't know if its good or bad either, but I def can ask and see if they can check that for me, other thing did you noticed how dirty the wheels and fenders are? wonder why they get pictures like that..