997 2005-2012 911 C2, C2S, C4, C4S, GTS, Targa and Cabriolet Model Discussion.

Am I crazy? Pls talk me out of it

Thread Tools
 
Search this Thread
 
Rate Thread
 
  #1  
Old 06-04-2014, 06:59 PM
JP911C4S's Avatar
Registered User
Thread Starter
Join Date: Aug 2013
Location: New Jersey, USA
Posts: 39
Rep Power: 12
JP911C4S is infamous around these parts
Question Am I crazy? Pls talk me out of it

A year ago, I purchased 2010 997.2 C4S for a DD. It was a rough winter; bitter cold temp and all those pot holes. We both survived.

I had an opportunity to pick up 2011 Cayenne for a lease return price from my nephew with only nominal transaction fee through a dealer back in February.

Perfect, the power of Two. A "Dream" come true.

Sadly, due to downsizing on my company I no longer have a luxury to carry 2 monthly payments + insurance.

So I went to a local classic sports cars dealer to see if they would purchase or perhaps, broker my car with a modest fee.

When I was there, I saw a gorgeous 1996 993 C2 Cab with only 32K miles. A classic Yellow/blk combination with 18" Wheels. Asking price of $61.9K (I can't believe how much 993 has appreciated last 2 years). They offered me a straight trade (saving $4K on tax) with a sale's pitch of this is the 911 Classic it will maintain a better value than 997.2 in next 5-10 years.

I considered for a brief moment (notwithstanding that I was there to sell the car to reduce monthly payment).

Am I crazy even to consider this trade? The owner keep calling me while looking for a potential buyer ( I think he found a buyer for my car).

2010 C4S White / Sand Beige Full Leather; $113,895

PDK
19"Classic Wheels
Heated/Ventilated Front seats & heated Steering Wheel
sport Chrono
PCM
Bose
Much more...

$65,000, my payoff
 
  #2  
Old 06-04-2014, 08:03 PM
Steve997S's Avatar
Registered User
Join Date: Mar 2011
Location: San Antonio
Posts: 1,075
Rep Power: 89
Steve997S has a reputation beyond reputeSteve997S has a reputation beyond reputeSteve997S has a reputation beyond reputeSteve997S has a reputation beyond reputeSteve997S has a reputation beyond reputeSteve997S has a reputation beyond reputeSteve997S has a reputation beyond reputeSteve997S has a reputation beyond reputeSteve997S has a reputation beyond reputeSteve997S has a reputation beyond reputeSteve997S has a reputation beyond repute
Seems a fair trade provided the 993 is cherry. Your car will continue to drop in value. The 993, not so much. Question is, do you like the 993 enough to trade? Cabs as all season drivers is less than ideal. I'd love a mint 993, but would prefer a coupe.
 
  #3  
Old 06-04-2014, 08:36 PM
Buddhamonk's Avatar
Registered User
Join Date: May 2013
Location: PDX
Posts: 390
Rep Power: 29
Buddhamonk has a spectacular aura aboutBuddhamonk has a spectacular aura aboutBuddhamonk has a spectacular aura about
993 coupe - wouldn't think twice before trading. 993 cab...eh
 
  #4  
Old 06-04-2014, 08:46 PM
YellowPheonix's Avatar
Registered User
Join Date: May 2014
Location: Ontario, Canada
Posts: 22
Rep Power: 0
YellowPheonix has a spectacular aura aboutYellowPheonix has a spectacular aura aboutYellowPheonix has a spectacular aura about
IMO that would be a horrible trade, granted it's a classic but the problem with that is everything about it is very dated. Your much much better staying with your 997...

Let us know what you end up doing
 
  #5  
Old 06-04-2014, 09:18 PM
mk3boy's Avatar
Registered User
Join Date: Apr 2013
Location: Montreal
Posts: 279
Rep Power: 26
mk3boy is just really nicemk3boy is just really nicemk3boy is just really nicemk3boy is just really nice
if you need to ask or make a valuable post like this one you shouldn't be doing it... To each their own...
 
  #6  
Old 06-04-2014, 09:20 PM
JP911C4S's Avatar
Registered User
Thread Starter
Join Date: Aug 2013
Location: New Jersey, USA
Posts: 39
Rep Power: 12
JP911C4S is infamous around these parts
Am I crazy? Pls talk me out of it

Originally Posted by Steve997S
Seems a fair trade provided the 993 is cherry. Your car will continue to drop in value. The 993, not so much. Question is, do you like the 993 enough to trade? Cabs as all season drivers is less than ideal. I'd love a mint 993, but would prefer a coupe.
Yeah, a coupe would have been a harder decision.

Mine is CPO until June 2016 too. I don't think it's an "equal" value as is but the owner think it's a better investment.

I did some research and found an article that drove it home for me "The buying decision for the Porsche 911 is made with 80%Heart/20% Brain"
 
  #7  
Old 06-04-2014, 09:22 PM
Buddhamonk's Avatar
Registered User
Join Date: May 2013
Location: PDX
Posts: 390
Rep Power: 29
Buddhamonk has a spectacular aura aboutBuddhamonk has a spectacular aura aboutBuddhamonk has a spectacular aura about
life isn't just about investing money - it's also about enjoying it. I can think of better investments for your money than a 993 or any car for that matter
 
  #8  
Old 06-04-2014, 09:43 PM
RichM3's Avatar
Registered User
Join Date: Aug 2012
Location: SoCal
Posts: 61
Rep Power: 0
RichM3 is infamous around these parts
If you plan on locking it in the garage and only putting a few hundred miles on it, I'd say yes. But it's def not a daily driver like your 997.
 
  #9  
Old 06-04-2014, 11:04 PM
911cv's Avatar
Registered User
Join Date: Sep 2009
Location: NC
Posts: 554
Rep Power: 46
911cv is a splendid one to behold911cv is a splendid one to behold911cv is a splendid one to behold911cv is a splendid one to behold911cv is a splendid one to behold911cv is a splendid one to behold911cv is a splendid one to behold911cv is a splendid one to behold
Price is high for a cab. Check some of the online marketplaces. Cabs are always the cheapest 993 variant.
 
  #10  
Old 06-05-2014, 12:26 AM
Hella-Buggin''s Avatar
Registered User
Join Date: Aug 2009
Location: SF Bay Area
Posts: 860
Rep Power: 62
Hella-Buggin' has much to be proud ofHella-Buggin' has much to be proud ofHella-Buggin' has much to be proud ofHella-Buggin' has much to be proud ofHella-Buggin' has much to be proud ofHella-Buggin' has much to be proud ofHella-Buggin' has much to be proud ofHella-Buggin' has much to be proud ofHella-Buggin' has much to be proud ofHella-Buggin' has much to be proud of
So, you feel that you should sell your car because your current employment situation makes it too tight to carry two payments? And you instead now want to essentially trade one of those payments for an 18 year old cab?

I guess you have to ask yourself if that's the financial scenario you want to live with.
I couldn't do it but to each his own.
 
  #11  
Old 06-05-2014, 02:17 AM
silver329's Avatar
Registered User
Join Date: Apr 2010
Location: New York
Posts: 230
Rep Power: 27
silver329 is a jewel in the roughsilver329 is a jewel in the roughsilver329 is a jewel in the roughsilver329 is a jewel in the rough
Don't do it. 993 narrow bodies are esp in cab form are probably on the low end of the desirability scale.
 
  #12  
Old 06-05-2014, 04:45 AM
wseikow's Avatar
Registered User
Join Date: Jun 2011
Location: Montreal
Posts: 56
Rep Power: 16
wseikow is infamous around these parts
Yellow is void !!
 
  #13  
Old 06-05-2014, 05:43 AM
gonzo__007's Avatar
Registered User
Join Date: Dec 2012
Location: montreal
Posts: 310
Rep Power: 27
gonzo__007 is a jewel in the roughgonzo__007 is a jewel in the roughgonzo__007 is a jewel in the roughgonzo__007 is a jewel in the rough
considering the finance stuff you mentioned, I would not trade a potential low maintenance car (997) for a probably higher maintenance cost 18 years old car (993)


yes 993 are awesome. I really like old cars like a 993
maybe you don't need a cayenne, maybe a Toyota rav4 and a 993 (or 997) would do the work...
I have a 2005 matrix (aka, mini pick-up) and a 997... great combo IMO
 
  #14  
Old 06-05-2014, 09:00 AM
windboat's Avatar
Registered User
Join Date: Oct 2012
Location: Atlanta
Posts: 437
Rep Power: 49
windboat has a reputation beyond reputewindboat has a reputation beyond reputewindboat has a reputation beyond reputewindboat has a reputation beyond reputewindboat has a reputation beyond reputewindboat has a reputation beyond reputewindboat has a reputation beyond reputewindboat has a reputation beyond reputewindboat has a reputation beyond reputewindboat has a reputation beyond reputewindboat has a reputation beyond repute
I am confused, if you want to reduce your monthly car payments by selling one financed car, how will you do this by purchasing another car. If you plan to finance the 993, you had better find out if it can even be financed by anyone. True value insurance and financing are sometimes quite difficult for older cars. If you do get financing they will rape you on the interest rate. Porsche Credit will finance older Porsches if sold through a Porsche dealer at 15%+
 
  #15  
Old 06-05-2014, 09:22 AM
3POINT8's Avatar
Registered User
Join Date: Jan 2013
Posts: 343
Rep Power: 25
3POINT8 is infamous around these parts
how many miles on your 997? any pics?
 


You have already rated this thread Rating: Thread Rating: 0 votes,  average.

Quick Reply: Am I crazy? Pls talk me out of it



All times are GMT -6. The time now is 11:52 PM.