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YOUR RESEARCHHow do you determine value for 99 Cab?
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Use car and not perfect
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The car is nice, good looking with new top, IMS done yet it's a 26 yr old used car and not perfect.
Leading evidence: 'Use car and not perfect' (no explicit attributable resolution; this is a reported action or suggestion). Across 1 matching discussions, The most frequently discussed action is 'Clean low miles cabriolet is about $20-$25,000' (1 discussions). For that action, 0 discussions report a resolution and 0 report an unsuccessful attempt. No action has an explicit, attributable resolution report under the current rules. These are forum reports and suggestions, not a confirmed diagnosis.
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Suggestion
Of course overall condition is a big factor, but the current retail for a clean low miles cabriolet is about $20-$25,000.
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Then they send the car through thier processes, inspect for oi leaks or needed repairs, due thier standard services, tires , brakes, dent repair , paint touch ups, detail proceses, Then try to sell at retail prices ....
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Suggestion
Any cars that are RED flagged by Manheim but still run through auctions do NOT have an option to arbitration.
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Then they send the car through thier processes, inspect for oi leaks or needed repairs, due thier standard services, tires , brakes, dent repair , paint touch ups, detail proceses, Then try to sell at retail prices ....
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Had zero interest or intention of a 3rd fun car but couldn't help seeing this 99 996 3 pedial cab. IMS is done, seems to have decent service and has 135k miles. KBB, NADA, etc., are all in the 12-15k range yet the seller is asking 25k. The car is nice, good looking with new top, IMS done yet it's a 26 yr old used car and not perfect.
How do you go about placing a value on a car like this? I'm sure 11k is low but 25k is super crazy high! Thoughts on value and potential offer?
Worth of car is what someone will pay for it. I have a 2003 cab with 115k in good shape. KBB is 20k (or less] but I would not let it go for $30k. Nothing out there as good for me to replace it for $30k. I totally love my car.
As a 996 enthusiast and avid market watcher a couple of observations
I am a fan of the 1999 cars you can Google the differences between them and 2000 and newer ones
At 26 years old each car is now an individual so price range guides become somewhat useless
I always ask what other fun car especially a Porsche can you buy for $25K range? and if maintained purchase price will be recoverable in the future.
Just my thoughts as the owner of 5 1999 cars both coupe, cabriolet, and race car 😀 all six speeds.
Rich
Of course overall condition is a big factor, but the current retail for a clean low miles cabriolet is about $20-$25,000. Dealers would pay around $13-$15,000 at auction for this car. With that amount of miles, the value tanks on the retail market. We're not talking about super rare 356 here. If you really love this car, then you might be able to convince him to accept an offer at $20,000 given the current book values. Anything less would be insulting to the seller given the fact that he wants $25,000. You're better off making an offer and if he says no, then move to the next one.
This is what dealers are paying for 1999 Porsche 996 Cabriolets at auction:
Therefore based on these numbers and the 143,000 miles, they're probably not going to give much more than $10,000 at auction for this car. Most major auction companies require the car to be professionally graded before they go on the auction block. The professional appraiser grades it lower than 4, then that will mean even LOWER at auction. Just the facts.
^^^^^ yep, dealers buy cars at auction just like commodities, no different than buying a barrel of sugar or rice....They pay the market value based on mileage and condition, with a little more for highly sought after options or colors.. Then they send the car through thier processes, inspect for oi leaks or needed repairs, due thier standard services, tires , brakes, dent repair , paint touch ups, detail proceses, Then try to sell at retail prices ....
If they buy a car at auction, and after the " in house inspection" the cost to "recondition" to thier expectations if more than they had anticipated, they will just run it back through the auction and hope to make a hundred or two, and not loose a hundred or two..
I'd need to know the year because it won't populate all MY cars.
Here's the '99 Coupe. You'll see the transmission in the "engine/T" column.
Here's 2002 coupe:
This doesn't apply to the figures above that I posted. The grading system that I posted are called"CR grades" and are rated 1-5.
5 being the best overall condition.
1 being the worst.
The grading system that you posted in that link relates to the outside (NAMA) detailed inspection reports.
Let me clarify. The "CR" or "condition report" grading system is Manheim's own grading system.
The other system you linked is NAMA and different.
https://www.nama-uk.com/
Means the sales figures in the cars sampled are not backed up with transactions. It still means thats what it sold for at the auction block.
But if the car had gone through arbitration, then the actual number the dealer paid would be different from the auction block number. I'm sure there are other reasons, but that's a big one.
For example, if the Manheim inspector claims a car runs on it own and given a thumbs up by Manheim inspection team, then it's given a "GREEN" light condition code, which means it's backed by arbitration. Now if you win the car at auction and pay to have it shipped, but the shipping company can't get it started nor the Manheim on-site team. That's a problem, a big problem. The burden is on the dealer that took it to auction. As we all know, there is NO guarantee the car will work one day or the next. Again, the buyer is protected in this situation. The car would go through arbitration. It's like filing a claim on eBay when the item doesn't work as the seller described. You get you money back and return the item or agree to a partial figure for the item accepting it as-is. Unlike eBay or Amazon, It a serious legal transaction, not loosey-goosey like most of the online platforms.
Any cars that are RED flagged by Manheim but still run through auctions do NOT have an option to arbitration. It's AS-IS! You'll get a better deal at auction but you may win a huge money pit.
I don't see it implemented on our end. We're seeing the more established Manheim trade-marked "AutoGrade" system. Maybe they'll move to the NAMA system. Don't know.
I don't run the dealership nor work there and so they know MUCH much more than I do dealing with the details. From what I understand it's a well-run system, and the Manheim people are very professional and serious about their business.
So my conundrum is mine has 144K on the body, rebuilt and bored out (3.6) at 85K, nickel sleeved (Nickies) by L/N. Has IMS and all updates to 04. Coilovers, 997 Seats, lightning, etc. rebuilt top, etc. It's hard to judge the value from that, but it runs great and the only good news is that I'm so attached to driving it that I'm not keen to sell it but my wife is! For some reason she thinks it's "nothing but a money pit"..(Told her to step to the edge and look down to be sure...)
What do you think? No idea of what it could go for....
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