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Current Market - How Much?

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Old 08-04-2008, 07:05 PM
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ejdoherty911
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Here's one you should be able to pick up for 52.5 K no problem . ONLY 22K miles !

http://philadelphia.craigslist.org/car/772842098.html
Old 08-04-2008, 09:24 PM
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ryangambrill
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Originally Posted by Alan Smithee
Just sold my 2005. 34k miles, minimal options, very good condition, sold it for $52.5k.
That is exactly the range that I am looking for. What color etc?
Old 08-04-2008, 09:26 PM
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Originally Posted by ejdoherty911
At least over on the 996 board you would get actual help. He's asking for market values, prices, numbers.

So here they are:

2005 997s are worth between 39K-62K max. If you look at completed Ebay auctions, virtually none of those over priced cars sell. Only 3 997s sold over the most recent 134 auctions. The other's didn't sell becuase they were asking way too much.

Get a nice 997 for about 55K or get a REAL bargin and go for the 996 for thousands and thousands less. You will enjoy it just the same. Or get a TT 996
What data do you have on the 996? How many thousands less?
Old 08-04-2008, 10:28 PM
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MLindgren
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Originally Posted by ejdoherty911
At least over on the 996 board you would get actual help. He's asking for market values, prices, numbers.

So here they are:

2005 997s are worth between 39K-62K max. If you look at completed Ebay auctions, virtually none of those over priced cars sell. Only 3 997s sold over the most recent 134 auctions. The other's didn't sell becuase they were asking way too much.

Get a nice 997 for about 55K or get a REAL bargin and go for the 996 for thousands and thousands less. You will enjoy it just the same. Or get a TT 996
This is true if you've never driven/been in a 997. If you don't know what you're missing you likely won't miss it.

Maybe consider asking those who have moved up from a 996 to 997 what the differences are.

Personally I'd get a 993 long before considering a 996.

My .02
Old 08-04-2008, 11:07 PM
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Alan Smithee
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Originally Posted by ryangambrill
That is exactly the range that I am looking for. What color etc?
You should be able to get any non-S 997 with similar mileage in near-excellent condition for $50-55k.
Old 08-05-2008, 07:33 AM
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Originally Posted by ejdoherty911
Here's one you should be able to pick up for 52.5 K no problem . ONLY 22K miles !

http://philadelphia.craigslist.org/car/772842098.html
That looks like a pretty good buy. Fro the pictures I can't tell whether it has full leather or not but it has Nav, Sports Chrono, Bose, Power seats, etc.
Old 08-05-2008, 03:27 PM
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Ryangambrill,
There are a couple of ways to establish your baseline for the price, and they all take a little time and research. All the tools are available on the net. Check out autotrader.com, ebay auctions, edmunds.com and kbb.com. You'll find that in some parts of the country, the cars are selling for higher than in other - probably based upon demand. Dealers charge more than private parties (no kidding, right?), but through a Porsche dealer you have the advantage of CPO. Non-Porsche dealers typically get the car at auction, detail it and throw it on the net. Be careful when buying used from a non-Porsche dealer as you may not get all keys, books, records, etc. Some may require a non-refundable deposit (which you'll not give and look elsewhere).

Take some time and look at what's out there, and what you can afford. Personally, I was looking at a used 996. But, after driving a friends C4S one weekend, I bailed on the 996 due to the uncomfortable suspension on city streets, and ended up with a new 997 C2S cab.

Best of luck.
Old 08-05-2008, 06:05 PM
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Carl Muckenhirn
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Default Pick up the current Excellence

It has a market review for "Recent 911s" Includes 2000-2006 996s and 997s, also has Boxsters if you care.

c.
Old 08-05-2008, 06:11 PM
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Carl Muckenhirn
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Default Another thing

As one in the market for "the perfect 997" I can tell you it is really soft. I've seen some good, clean cars dropping $1K in advertised price per week. If you want the car make them an offer.

For the one you are looking at, does it have any warranty left? The first 2005's were being delivered in September 2004 (I think), so you should have at least a month of factory warranty left. I'd take it quickly and directly to your nearest dealer for a through going over.

good luck.

c.
Old 08-05-2008, 06:19 PM
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Originally Posted by Carl Muckenhirn
As one in the market for "the perfect 997" I can tell you it is really soft. I've seen some good, clean cars dropping $1K in advertised price per week. If you want the car make them an offer.

For the one you are looking at, does it have any warranty left? The first 2005's were being delivered in September 2004 (I think), so you should have at least a month of factory warranty left. I'd take it quickly and directly to your nearest dealer for a through going over.

good luck.

c.
I also feel that the market is soft. A friend of mine purchased a 2001 C2 with 17k miles 2 years ago for close to $50k. At the time I thought that he overpaid, but I did not feel comfortable saying anything.

Now, only two + years later I am thinking that I can get a nice 2005 C2 for in the $50's.

I know that this is a hard question. But is does anyone have any idea how much depreciation to expect per year. Do these car eventually just level off?
Old 08-05-2008, 06:34 PM
  #26  
Carl Muckenhirn
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Default Figure 10% per year

until you get to 0 (think about that for a while...).

Some folks make the mistaken assumption that buying a Porsche is an investment. I agree, just not a financial investment.

After you've put 200,000 miles on it, go back and figure your price per mile and then price per smile!

My wife's Nissan Versa will always be cheaper than my Porsche (currently 964) but I only smile in it when I hear a good joke. Just starting the C4 makes me smile, heck I even smile when I'm cleaning the bug guts off the windshield.

c.
Old 08-05-2008, 06:39 PM
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Originally Posted by Carl Muckenhirn
until you get to 0 (think about that for a while...).

Some folks make the mistaken assumption that buying a Porsche is an investment. I agree, just not a financial investment.

After you've put 200,000 miles on it, go back and figure your price per mile and then price per smile!

My wife's Nissan Versa will always be cheaper than my Porsche (currently 964) but I only smile in it when I hear a good joke. Just starting the C4 makes me smile, heck I even smile when I'm cleaning the bug guts off the windshield.

c.
I agree with you. This is an investment, losing that is. I know that the car is going to cost me money. I work hard for my money and I just want to maximize my value.

My initial thought is to go with a nice 3-4 year old 911. The major hit of depreciation has been taken. At this stage I do not see the extra value for me for buying brand new.
Old 08-05-2008, 06:48 PM
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Default I'm in the same boat

I'm looking at nice 2006 and 2007 S's with less that 10K on the clock, some with less than 5K! I appreciate the folks that bought new and then put it in the garage so I can get it for 60 or 70% of new.

Though I am tempted to have a Porsche where all the miles are mine! And it's Irish Green, with natural brown leather interior with tartan inserts in the seats, and PCCB, and carrera sport wheels, and sport shifter, and ....

c.
Old 08-05-2008, 07:54 PM
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MLindgren
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Originally Posted by ryangambrill
I agree with you. This is an investment, losing that is. I know that the car is going to cost me money. I work hard for my money and I just want to maximize my value.

My initial thought is to go with a nice 3-4 year old 911. The major hit of depreciation has been taken. At this stage I do not see the extra value for me for buying brand new.
Have you driven any of the 911s and if so, what are your thoughts comparing the different models. Buy what you like. If you just want to own a Porsche and get into it cheap buy a 914.

May advice when buying a toy car like this is you should maximize fun-not value. The nice thing about money is that you can always make more when needed!
Old 08-13-2008, 04:38 PM
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I am also considering a used 997 ('05 or '06) - is it safe to say that most Porsche dealers probably have about a 10% markup on them?



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