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I remember when I sold my 911SC, the hardest part was having someone else "test" drive the car.
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First off, I don't know why I keep saying 2004 40th anniversary. There isn't a 2003 or 2005 40th anniversary.
Anyways, I am considering selling my baby and I'm shocked at the trade in value. I only have 25K miles, there isn't a single mark on the interior or exterior which surprises me but I can't find any. On a trade, I have been offered $43k.
Can you guys tell me what you think is a fair trade in value and then private party value. I've looked at KBB and NADA and have come to realize those values are useless. Just look at Carmax and see how far below KBB they sell vehicles. In the case of Porsche, it ranges from $4K to $7K.
Any help is appreciated.
Thanks
In October I paid over $50K for mine with 8,300 miles, all books/records, a CPO that starts in June (after the factory warranty expires), and a 5 year wheel/tire warranty. I bought it because I was able to speak to the PO (cardiologist) who was the original owner and felt comfortable with the history. He told me that he received $52K for trade-in on a new R8.
I have seen a couple sell on ebay with miles similar to yours for around $50K. Maybe ebay should be your sales venue.
Good luck!
Shop around on the trade. Your car is desirable. You need to find a dealer though that wants it on their lot. If they don't they will lowball you.
When I traded in my 2001 Boxster on my current '99 996 I got $5000 more cash for the boxster from one dealer than another. The difference was that the one dealer did not want it and was going to wholesale it. Plus they were in a brand new showroom in a high rent district. The other dealer had a customer who wanted a tiptronic in that color and they knew they could certify it. Plus at the time they were in an older building in a not so high rent district. I saved a ton of money by being willing to drive around a bit.
Count yourself lucky though. Try shopping a normal '99 996 with 94,000 miles - they don't offer anything worth mentioning on a trade. You at least have something a bit unique.
I think what he needs to find is a private party that wants it in their driveway. I'll never understand why so many of you mess with the dealers when selling your car--by the very nature of their business, they're trying to offer you so little money that they can resell it and make money. Why wouldn't you just try to "make the money" yourself?
"Why wouldn't you just try to "make the money" yourself?"
haha... probably because it's much more fun shopping for a porsche than selling one....
also, time is a factor since so many people call, see the car and then low ball you or never call back...
its frustrating...
Oh, sure, no doubt about that, but I think I'll always find the "I got lowballed on my trade-in at the Porsche dealer" stories hilarious. Of COURSE you got lowballed on trade-in at the dealership--THAT'S how dealerships make MONEY.
How many high end cars have you tried to sell on your own? It is not always so easy and if you are in a hurry, forget it. You have to remember that in some states you save on the sales tax when you trade and that will normally put you close enough that the difference is going to be close enough to make it worthwhile to do the trade.
Every Porsche I have ever owned was a hassle to try and sell privately. People say they are coming and never show up, they lowball the offer, they just want to drive the car with no real intent of buying, and I could go on and on. Trust me, I have been there with both Porsches and Audis. If you shop the dealers you can usually find one that is going to be fair about what they give you.
When you consider sales tax savings, I don't think I could have done much better with the last two Porsches I traded. I traded my 2001 Boxster for $500 less than I paid for it. When you consider the sale tax savings, I actually made money on the car. On my 2000 996 I drove it for a year, put 20,000 miles on it and lost $4000 from what I paid but got back half of that in the sales tax.savings.
I live in Las Vegas. I know what you mean about selling a high end car. I tried to sell my M3 a few years ago and most of the interest was from a Nigerian prince or others not in the country that wanted to send me more money than the car is worth so that I could wire them back the difference. Amazing that people fall for this stuff. I was really hoping I could get $50K for it. I think that would be great value. After all, the car only has 24,600 miles and I dare anyone to find a nick on it (inside or out). Frustration.
I remember when I sold my 911SC, the hardest part was having someone else "test" drive the car. I suppose if you can somehow limit the joy rides to serious folks, it won't be too bad. If I had to do it again, I'd probably trade it or offer it to other Rennlisters who would know a good deal when they see it.
As far as a 996 goes, the 40th can't be beat! Good luck!
DEW,
What are you looking to buy? You may want to think twice about trading in your 996 with such a soft market, especially at this time of year.
The target audience for the 40th may be smaller than for a normal 996 because the prices will be higher than "regular" 996's. The car has many "unique" features that drove the base price rather high. The Anniversary only badging, wheels, color, upholstery, luggage, suspension, etc. as well as the addition of options like the excellent X-51 power package, LSD, PSM, and Bose make these cars a little different.
The challenge will be to educate the buyer that the extra cost of the car is more than made up for by all the unique options.
Take a gander at my avatar and guess how many Porsche dealers I have the luxury of shopping around for trade-in prices from. My state also gives residents a sales tax credit for trading cars from any source, so that's not an issue.
I've bought my last four cars (my avatar cars + my Miata) off eBay, and any cars that I've sold since then have been via eBay as well. I've got a great feedback profile from thousands of eBay transactions that helps move my cars of any value just fine, not to mention simply knowing how to list them properly. I haven't sold a Porsche on eBay, but I'm not sure it qualifies as a "high-end" car these days. Either way, I guess I'm not too worried about it.
