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YOUR RESEARCHBest way to sell my 01?
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Check ebaymotors, autotrader, craigslist, and cars.com
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When I was looking for my car, I checked ebaymotors, autotrader, craigslist, and cars.com on a daily basis.
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Auto Trader is probably the best overall marketplace.
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Suggestion
Regarding the CPO.....only if it changes hands private party is it transferable.
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I wouldn't be terribly upset if I had to replace an RMS every 30000 miles for 1 k, but a grenading engine would scare the heck out of me.
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Hi, are your wheels RSGT's? What size? Thank you. Ebay is also a good place to sell if you can take wholesale prices. It's quick and easy. Auto Trader is probably the best overall marketplace.
I had good luck with Autotrader (bought and sold). Price it right with good pictures and it should move.
Watch out for scams on Autotrader however.
Good luck.
I got mine from an ad on Craigslist. I believe the previous owner may have posted here and at sixspeedonline, but I saw it first at Craigslist. I'm not sure, but I think you have to be a member here to post ads.
One of the most important steps in selling any car is to realistically price the car. I see many Porsche ads where the car is priced ridiculously high. IMO the person running that ad is simply wasting time and money.
There's no need to guess what Porsches are selling for in your area. You simply go to two or three Dealers and ask them what they will pay you for your car. You have now established the wholesale value of your car. The next thing to do is to look at ads in your area and see what Dealers are asking for similar cars in your area. Keep in mind that the asking price is typically thousands more than what the Dealer will actually sell the car for and also that many of those cars are Porsche certified with the extended warranty. You now have enough data to price your car competitively by pricing it between the wholesale and retail prices.
You could not find more perfect advice than what fast1 wrote above. Be honest about the cost of the car, and remember that you don't have the same time, showroom, sales force and resources to sell the cars like the dealers do. If the trade in value is 35,000, and the retail prices are 43-48000, price yours at 42,000...it's really that simple. Good luck on your sale.
If you even have to second guess selling it then your gut says to keep it. These cars are timeless and never get old. I don't EVER plan on selling mine......just building more garage space to house all of them
I tried selling mine for 4 months. I finally had it down to under 36K and I had a buyer, but I changed my mind. I'll be keeping it for at least a few more years, if not forever. Or until I can afford a new one again.
Good for you
It seems like the depreciation road down from 36k to 22k is 5-7 years, so you're getting the most for the least out of your car right now. These cars seem pretty bullet-proof to 150,000 miles (RMS excepted of course) so keeping it's the smartest move.
Here is the average price wholesale with retail projections, these are real numbers from Manheim Auctions, source of cars is lease, banks trade ins etc.
Vehicle Identification
VIN: Select Region: West Coast
Year: 2001 Seasonal Adjustment: No
Make: PORSCHE
Model: 911 CARRERA 2
Style: 2D COUPE
Auction Averages
For Week Ending Dec 19
Above Average Below Oct 2005 Jun 2005 Dec 2004
Sale Price $44,560 $40,085 $35,610 $43,361 $42,205 $44,466
Mileage 20,062 37,989 55,916 36,851 28,449 21,772
Total Sold All 2 2 2 4
Average Auction Mileage 51000
Prices are based on more transactions than shown under 'Transactions', above.
Dec 24 - Dec 31 2005
Above Average Below Jan 2006 Dec 2006
Auction $42,000 $38,800 $35,700 $38,300 $35,600
Est. Retail $46,000 $42,500 $39,100 $42,000 $39,100
Copyright � 1996-2004 Manheim Auctions V 3.3.10
$45,900 sounds awfully high for a 51K mile, out of warranty, pre-facelift 996. If you are in California it might fly though.
My opinion...I passed on buying out the lease on my 60K mile 2001 996 at $38K. Thought they were dreaming.
Thanks for the auction info... based on that, I'm feeling pretty good about my asking price. We will see if it sells, if not, it is coming to South Carolina. I would consider a reasonable offer. And as far as the comment about out of warranty - it has the certified preowned warranty until 04/2007.
Good luck to everyone with the Santa activites...
A good asking price would be about 1k over KBB private party good condition in California. If you can off it for KBB good condition, then you have done a good job selling it in this market.
Are you sure that the CPO goes on to the next buyer?
Good Luck
Tom L
2002 C2
Yeah - that is where it is priced right now... and yes, the CPO is definitely transferable. However, if you trade it in to a Porsche dealer (not sure about another dealer), it would not transfer.
Regarding the CPO.....only if it changes hands private party is it transferable. If you sell/trade-in it to a dealer then the CPO is terminated immediately. Even if you trade in to a Porsche dealer they would have to CPO it as if it wasn't already CPO'ed in order for it to sell as CPO/.
I have the sticker, but I can't remember exactly off the top of my head - I believe that the sticker was right around $87K - and that didn't include the Porsche Sport Exhaust (or the wheels).
Hi, how about joining Rennlist and creating a classified ad? That way we will tell our friends about your car and if it is legit you will sell it to someone who understands the true value of your car.
another $.02 from Stevo
Where did you put your Rennlist sticker?
Ok, 45k is about 53% of it's original value after 4 years. Not cheap, but in range of what one used to expect for a porsche. If you put it for sale here you'll be 20 % less than some of the prices I've seen on here!
Good luck with your sale.
Okay, if I am going to get rid of the car and not ship it back, I want to get in done in the next couple of weeks... I decided to drop the price down to $44,600. Hopefully someone on the left coast will find the car to their liking... I have one offer, but it is just too low.
holly smoke, that's a good deal.
a week ago, a PA dealer wanted 39500 for CPO 50K 99 C2 cab, i was thinking about it, and second day he called me saying it's sold. back to the search again.
Yeah, I'm surprised that it hasn't gone yet... I've got a couple of people who are going to look at it later this week... but all of the dealers are asking well above $50K... I'm assumming that they would work that price done, but it doesn't look like cars are going for less than private party value around San Francisco.
Daniel
6 months ago i was selling my 01 911 with less than 30k miles on it because i was buying a lotus elise. i was under the impression that i would be able to trade it in for 42-43k. car was near fully loaded (wheels, gauges, exhaust, sills from champion, full aero kit, short shift, full carbon interior to name a few) sticker around 100k and the mileage was great, car was perfect. i was in for a rude awakening when the dealer only wanted to give me 38k for it. so i put it on auto trader and after a couple months priced at 45k (which i thought was aggressive to sell) i finally sold it for 43k. with your car being 2 years older, much higher mileage and less options, i can tell you honestly that if you want to sell it, 45 is too high. high 30's is more like it, im pretty sure that if you went to a dealer and attempted to trade they would offer you low to mid 30's at the most. i could be wrong but thats just my opinion. this is in no way an attempt to be a dick im just giving you my opinion from my experience. good luck with your sale.
I would agree that mid to high $30Ks is what this car will go for in a "normal" market condition. One of the earlier posters made a comment about what original sticker was, forgetting that supply and demand determine market pricing, not the original sticker price. There is not a fixed depreciation schedule that most products go on; I sell computer hardware for a living and you would be shocked to see how cheap a $2.5 Million list price server goes for 6 months after it has been released by a major manufacturer...
The "regular model" [i.e Carrera 2, 4, and cabrios] 996s have sold in record numbers for Porsche, so there are a lot of people out there trying to sell cars and not as many buyers for the cars. It's a really soft market right now. Not to mention a lot of people are not too hip to buying a Porsche out of warranty as-is, and the price gets further diluted for out of warranty cars. CPO'd cars will probably fetch a 10-20% premium over a regular private sale I would think due to the peace of mind that it still has warranty on the most expensive parts that can go "boom". Just my opinion, but "regular" 996s have been steadily creeping down and they aren't suddenly going to take a turn for the better anytime soon.
"The "regular model" [i.e Carrera 2, 4, and cabrios] 996s have sold in record numbers for Porsche, so there are a lot of people out there trying to sell cars and not as many buyers for the cars. It's a really soft market right now. Not to mention a lot of people are not too hip to buying a Porsche out of warranty as-is, and the price gets further diluted for out of warranty cars. CPO'd cars will probably fetch a 10-20% premium over a regular private sale I would think due to the peace of mind that it still has warranty on the most expensive parts that can go "boom". Just my opinion, but "regular" 996s have been steadily creeping down and they aren't suddenly going to take a turn for the better anytime soon."
Well it would appear that you're correct based on what I've been noticing on ebay the past few months. A green 99c2 cabriolet with 49k miles just sold for 30700, and a blue coupe with 25k looks like it's about to go for the same amount! Since I'm in the market for one this is great news for me, but not so great for the folks that have a 996 currently. In prior models, these cars seemed to hold a % of their value for a longer time frame. Are these dropping more quickly due to too much supply or because of the RMS issues?
I think the price drop is due to several factors:
1. Previous Porsche's (such as the 993's) were made in much smaller numbers than the 996. Many will argue that the quality was higher and, because of the air-cooled engines, they maintain the mystique of being the last of the traditional 911's. Therefore, nice examples are maintaining excellent resale values.
2. The RMS and "grenading" issues are a big concern. I owned a 993 C4S so I knew about the potentials getting a CEL resulting from clogged secondary air passages or the possibility of valve guide wear. When I was looking for my 993, however, I looked at a bunch of cars. Not one of them had a replacement engine or had any major engine work.
Many on this board that downplay the engine problems of the 996 are turning a blind eye to the magnitude of the problem. I think that they are relating their own fortunate experience and are not aware of all the problems others are having. I have looked at almost 30 996's over the last three months and 26 of them either had RMS issues or had replacement engines. I could give you links right now to nice cars on ebay that I have inquired about (all with low miles) that have had a replacement engine or RMS issues. I am finding that when it comes to 996's the odds are that it's not a matter of "if" you will have an RMS issue but a matter of "when".
3. The 997 looks are more traditional and "retro" styling is fashionable. Also, many people did not care for the dash styling of the 996.
All that being said, a 996 with factory warranty is a great vehicle. I am in the market for a newer 996 with at least 2 years of warranty. The depreciation curve on these has made the prices very attractive!
Well I've looked at five, and all of them had an RMS replacement. Nonetheless, are these cars now suddenly prone to lots of problems, or are they now fixed? I wouldn't be terribly upset if I had to replace an RMS every 30000 miles for 1 k, but a grenading engine would scare the heck out of me. Thanks for sharing your points, they seem very valid to this discussion.
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