It seems most dealers (on EBay at least) are asking in the teens. I saw one Buy It Now last week for $109; looked like a clean white car. There was a very pretty, clean Cobalt one on Rennlist for $110k.

I am in the market and am wondering people's thoughts. Prices seem to be sliding down, and the with the markets going deep into the toilet, what do people think a clean 5-10k miles car should go for? Is $100k too low? If the market keeps falling, even $100k could be high soon. Or do people think these cars are recession proof?

 

ADRIFT
When ray of rpmsportscars has one at 110K with 1000 miles that tells me the private market is in the 100k range. Ray always has FINE examples but asks top dollar for his product.
I sold mine to a dealer 6 weeks ago for $115 and I think I would be fortunate to get that price now. My timing was impeccable However it was driven by a upcoming surgery.
Not by my clairvoyant mind.

 

I think time is working in your favor, the market isn't going to have a turn around in the next few months, thats going to lead to lower consumer confidence, which is going to lead to less sales.

While the GT3s will be more insulated than other cars from the dealer, their overall profit will fall if they start selling less caymans, boxsters, cayennes, and 911s, so that they'll be happier to take less of a profit on the GT3 if they can move it sooner to tide them over till things start picking up again.

My guess would be that things wont be turning around till next fall in terms of the economy. This is a correction much like the internet economy, it will take one full year to hit bottom, the nasdaq and dow will fall by 50%, and then start their long road to recovery.

Come the end of next summer, things may start picking up again, so I think near December ('08) - February ('09) you should be seeing better deals.

Again, this is all guesses on my part.

 

I agree with raiyu the more time you shop the better deal you will get.
Time is on your side.

 

go with the flow, trend is your friend. righ tnow, first time in a long time, its a buyers market. i own a few cars so im not pumped to say it, but its the case. cars will move lower and probably wont reverse at all, atleast not the gt3s. too many of them out there, too many for sale. The RS maybe bottoms a bit quicker and could perhaps edge up fo rthe pristine examples...but these are modern day cars. they have far more depreciate curve to travel.

for many years these dealers had it good. RS's, gt3s, gt3s, turbos even...all above msrp. buyers in bidding wars. dealer would say " iw ant 30 over"...you'd say fine, 50% likely he takes your bid shops it, gets someone at 35 and tells you "sorry, no deal, but 36 and its yourself else to my other clinet at 35". they had it gravey-like.
and some of these dealers are terrible businesspersons, sitting on inventory right now when they should be thin. its a depreciating asset. yo udont hold depreciating assets in a falling market. bt they always feel they can construct a deal. if they are in a car at 30 over, rather than dump it at market and take a hit, as any goo dtrader would do, they sit tight, wait for abuyer with a trade, find some way of squeezing a few more k out of the trade...they take your 430 at 20 undermsrp, flip it at msrp and make back their profit.
no different than a wall street trader of inexperience sitting on a loser, or an error. hoping, waiting for the market to turn. sometimes it does. but when it doesnt you get buried.
ther eare a lot of dealers out there with high end inventory and its not moving. spoke to two pcar dealers this week about sale. maybe the highest end stuff is shuttling aroun da bit, but those marginal consumers reaching up for a c2s or c4s, or a targa, or a cabriolet..they are gone. zero . nothing.

the market isnt good. sit tight. dead of winter, you'll be able to name your price. 105k GT3s can probably be had for low 90s. who knows. could be less than that. but if it is, GM is probably bankrupt and we're screwed more tha nwe are right now.

i'd rather pay up 5, 10k and be in a booming economy. unfortunatley, we dont get those choices. just try not to get f'd on both ends. sit tight.

 

Yeah, I am thinking dealers will probably get the drift about mid-winter, as you say. As for right now, they think they still hold the keys to the kingdom and are too proud of their product.

My question is where will the market be. Sounds like one vote for low $90s.

But boy is it hard to wait.

 

Dunno where you are, but the DE season is coming to a close in the northeast, so waiting past november into december shouldnt be too harsh if you are in a colder climate.

I think the 90ks is a good estimate, figure what would the car depreciate if it wasn't a GT3, and going from 110-120MSRP to 90ish sounds reasonable.

 

I have a REALLY short commute, so it will be my daily driver as well. But also, I am in Tejas, and DEs go on almost all year here anyway.

 

The dealership is asking $130K for your old car.

 

Kevin
it was on ebay for 120

 

I think you will be in a very good bargaining position as soon as the dealers see their October sales volume, which will be almost nil.

 

for $120k, i'll sell mine

 

me 2 and it's only 6000 miles, 2008!

white on black

 

mine is 08 with 4200 miles

 

great. i will help you add some miles to it.