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YOUR RESEARCHDepreciation of the 2001 996.
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Use 2002 are
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And potential purchasers will prefer to wait till more used 2002 are on the market.
Leading evidence: 'Use 2002 are' (no explicit attributable resolution; this is a reported action or suggestion). Across 1 matching discussions, The most frequently discussed action is 'Use 2002 are' (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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Today I was in a Porsche Dealership and I asked them to give me a Trade-in value for
my 6 month "old" 2001 Carrera 4 Cab,
5000 miles,
guards red with grey softtop,
advanced technic package,
design package,
nav system,
natural brown full leather,
hardtop,
18" sport design wheel,
RoW M030 suspension,
stickerprice $104.000.
They came up with $72 .000, actually they
would give me $74.000 but since the car has a grey softtop, and this is not popular, they
can give me only $72.000.
The 911 is certainly not a valuable object
anymore.:-(
cu
styx
What were you trading it in for? That may have affected the amount. It's always the difference between what you get and what you pay that represents the true value...or lack thereof.
Hi Don,
it was my 996 and a 94 911 speedster with
16000 miles on it. Which they want to give me $37.000 for. The trade in was a used 2002
911 turbo for $127.000 with nav system and
wooden trim and 400 miles on it.
cu
styx
Here are some selling prices (in Califormia) to compare with:
<a href="http://cgi.calmotorsport.com/~calmotor/cgi-bin/website_view.cgi?view=Inventory" target="_blank">California Motorsports</a>
Im sorry to say that I think Porsche know that now the 2002 model is out, which looks so much better, quite a few 996 owners are going to want to swap.
And potential purchasers will prefer to wait till more used 2002 are on the market.
They could take advantage of this situation. Obviously this will encourage prev 996 to depreciate even more.
The 993 level of depreciation is reasonably steady, especially 1996+. I currently think the 2002 will have a better level of depreciation.
Might be worth trying to sell the private market.
styx,
I know the feeling well. My buddy wanted to trade in his 2001 C4 cab and got the same kinda response. Which was funny because the dealer assure him that the C4 cab are hard to find etc etc. Sure right! Good luck anyways.
I certainly know how you feel.
About a year ago, I received a trade in amount similar to yours for a MY2000 C2. In my perspective and perhaps a few others, what we found is trade in values are typically based on the invoice less 10 to 15% in the first year. In your case, the invoice was probably in the high 80's which leave you somewhere in the mid-70's as a dealer trade. High demand cars (e.g. 996 Turbo) are typically at invoice.
I wonder if the depreciation relative to the purchase purchase price is higher the more options are in the car? I mean, the drop in price from what you paid for the car would be less if you bought a base car versus one loaded with options.
