I was considering selling my 2005 997 C2 and checked the value through Kelly Blue Book. The value came back so low! I have not seen even a 996 sell for so low. They priced it at $21,500 fair condition and $26,500 excellent. I was considering selling it for $28,000 but $21,500! that is low! How do they come up with these prices when the market tells a different story?

 

Try CarGurus - much more accurate IMHO

 

The "market" is always right. My experience with KBB is that buyers use it to low ball and sellers use to price at a premium - I've never bought or sold at KBB prices.

 

Out of curiosity, How many miles are on your car?

 

89,500 miles it's clean with AWE exhaust well cared for great condition

 

You should be able to get your asking price. For 28k i was expecting it to have over 100k. GLWS.

 

Go into any dealer (Porsche or not) and ask if they will give you the KBB value of your car (assuming all info accurate, etc.).

Therein lies your answer

 

See what happens to the value is you punch in lower miles (say 49K just for aurgument). I bet they are penalizing you for miles over 50K.

 

I am thinking $28K is a great price, but buyers want to lowball with "KBB says it's worth $22K" I tell them that if they find a 997 that low, buy it! I have not seen 997's that low.

 

kbb is low on all 996 and 997. the IT guys must have a hatred for 996 or 997's or the exact opposite and trying to lower the price point so then can afford one lol jk...

 

The right price is the one the buyer and seller agree to - no book of data can say different. Those books are just statistics curated by the authors.

For lower volume sold cars that are not common, like sports cars, the data is even less useful, than if you were selling a commodity car like a silver Honda.

Sellers are not obligated to sell at any price and buyers are not obligated to buy at a specific price. If you don't like the price, look elsewhere.

 

Understood, just keep getting low offers and buyers saying "the blue book says its worth $22K-24K". I tell them that's fine if you find a 997 for that price buy it! I have seen the 996 getting those prices.

 

FWIW, dealers don't use KBB. These use an NADA Black Book. An item that is really only sold in the dealer community AFAIK. BUT Porsches are different. There really isn't a book for them as they are all a bit unique. When I traded one, the dealer didn't look in any book; they called a couple of wholesalers and got the best offer. Then they gave it to me. I've found that these days it is just as important to shop the TRADE as it is to shop for a car. I've picked up several thousand trading to the dealer with the best deal. Honestly, your car is buried in miles and is a very unique Porsche. If you want to trade it, shop it hard. You may find a huge difference in prices you get offered.

 

Tell them "KBB headquarters is in Irvine, CA, take your happy ars down there and buy a 997 for that price from them"