Value of 2001 Porsche 911 Carrera with 121,000 miles

I'm thinking of buying a 991 and I'm thinking about selling my 996 privately. I prefer to sell it privately rather than trade it in because I think the dealer is giving me less than Kelly Blue Book, edmunds and Nada. What do you think my car should sell for privately? I have a 2001 Porsche 911 Carrera with 121,000 miles. Arctic Silver, grey supple leather seats. New factory Porsche engine at 65,000 miles (in July 2007 with updated ims bearing). Doesn't burn, consume or leak any oil. New OEM Porsche shocks, control arms and Michelin Pilot Super Sport tires. New hood shocks and brakes. new coolant expansion tank. Factory painted center console, tequipment shifter and handbrake lever, 3-spoke steering wheel, rear wiper, hi-fi sound. Fister mufflers, but otherwise stock. Car has a scratch on driver's door which I didn't fix because I was told I'd have to repaint the whole side for the color to blend. I put a lot of money into keeping the car perfectly maintained because I like to drive it and didn't expect to want a 991, but I don't want to trade it in for less than wholesale either. Opinions very much welcome. My car is in my avatar.

Probably mid 20s, just given the new engine?

Not to bring you down, but be prepared to take 18-19k. Obviously location really affects value, but I've seen similar (miles & year) cars listed for less. Best case you get more than you expected. My advice: Don't mention the new engine in the ad. To the knowledgable buyer a new engine is great. To the average buyer it's a red flag. From the last 5+ cars I've sold, they've all been to 'average knowledge' people. This includes an enthusiast car (s2000).

I would say around 19-20k private sale. Dealer trade in will be much less. Its hard to use KBB, Nada ect with the new engine.

Quotes source post: 10053550

I agree with this comment. Sorry, man. What were they offering you?

Quotes source post: 10053563

First: thanks to all for the quick responses. I M STIG: no worries. I was offered $12,000.00. I was hoping to sell it privately for just under $20,000.00, but didn't know if that was realistic.

Quotes source post: 10053550

I agree. I bought the car only because of the new engine, but the dealer I bought it from admitted that he shouldn't have said so in the ad because it scared buyers away

When I was looking to buy a Porsche. I looked all over US and it seemed that FL and California had the lowest prices in comparison with Midwest and the lowest price I saw was $16k which it was not in its great shape. I would most likely post it for $20k but not go lower then $17k. Look around and see how much they go for in your area with similar miles.

Quotes source post: 10053607

A new engine? OMG that's horrible. I'll give you $5K for the car. Seriously you have to present the new engine in a positive light. How about : In spite of the fact the car has over 100K miles the engine has just 65K miles. Barely broken in.

Quotes source post: 10053814

Barely broken in? The first engine broke at 65K... now the new engine has almost that amount on it??

I would think you are in the ballpark at around $20K. The car looks clean, and its a flippin' PORSCHE! Just my .02 (and yes, I am a newbie here)

Just bought a 996 similar to this and paid $20,000 with an extra set of rims.

Quotes source post: 10053814

$5k? Done. Jk. It really is barely broken in. I had put a 991 out of my head because of how well it's running and, a few years ago,I bought the 18" lightweight wheels. It was love at first sight all over again. Every time I see a 991, I feel like I'm cheating on my 996.

I'm going to try listing it privately. It may sound sick since I'm getting rid of the car and shouldn't care what happens to it, but someone should get the benefit of the money I put into the car instead of it ending up at an auction in who knows what hands. Thanks to all for your comments. Much appreciated.

Unfortunately, the marketplace has spoken on high mileage German cars, including p-cars. And it says "run the other way" to many prospective buyers. Best sales channel=your local PCA region's newsletter where you will be dealing with well informed prospects. relinuca

19999.00 up to 23 if you want to sit on it. Your problem is going to be the ameican fear of 100k miles. Also financing a car that is 11 years old. Anyone who has 20k cash can buy something else with less miles. Time of year isnt helping you either.

Ask $15 and sell it quickly Above that you are in the 15 to 20 range and people will be able to find 50k mile cars without problem I could not sell my 2003 with 39000 miles for more than 25k, after being on autotrader for a while, so I decided to keep it as a third car.

I find it hard to believe that a 121K chassis with 60K motor is worth $20K. GLWTS regardless how you price it.

$17,000 sounds about right. Tough to find any 911 of any year in good shape for much less than that, but will be hard pressed to find a buyer for much more than that due to the issues raised by Shark and philooo.

Quotes source post: 10054269

+1

Quotes source post: 10054269

+2

Since you put so much time and money in the car, why not just keep it? You could have an extra backup car and keep the miles off the 996. Whatever you decide dont just give the car away because others dont think its worth as much as you do. Keep it in great shape and use it when you want to. I bought mine for the long haul which is why I am slowly and carefully replacing every part needed along with regular maint. I might even move mine inside a special showroom in my house as a conversation piece.

Quotes source post: 10054631

My daily driver is a BMW 650i. The 996 was once my daily driver. I'm still hesitant to sell it, but I really want a 991. I agree with most everyone's comments and I am expecting to get no more than $17.5, but I'm going to call my brother and offer it to him (probably for trade-in though) and maybe he'll let me drive it. Part of the justification for my initial post was because most on this form have a good sense of what's going on and I didn't want to ask to high or sell myself short. I have no illusions as to what the car may be worth. No joke: I looked into making the wall that separates the garage from the rest of the house in glass. Would make a beautiful show piece.

Quotes source post: 10054669

[Image-only post; no author-written text. Original image references:] https://rennlist.com/forums/graemlins/thumbup.gif https://rennlist.com/forums/graemlins/thumbup.gif https://rennlist.com/forums/graemlins/thumbup.gif

Forget the glass wall- there is a guy a block from me that has $5 million worth of Porsches in his living room...including a 908...

I have to agree with 15k for fast sale, but it is probably worth 17-19k. I wish it wasn't so nice I am looking for one to convert to a race car.. I was offered one 6 months ago for 5k with 160k running good, but bad paint. Where is he now that I am ready!! GLWS

I paid $16,750 for a 2000 C4 cab with 100K miles complete service history from new primarily the local Porsche dealer, new roof and tires near perfect condition. But this is Michigan and it was the end of summer.

Quotes source post: 10055446

(Jealous)

Quotes source post: 10055457

It's always like that

I'm going to list it here, pca, renntech and maybe eBay. I'm just not inclined to allow too many people to drive it, but I guess that goes with the territory instead if trading it in.

I would look at Craigslist prices of '01s with 65km ... And discount 10-15% given mileage of rest of car .. But new shocks ... Was 60k service done on new engine ? That is worth $1k+ . I'm guessing around $18k ....

Still amazes me that you can get such a great car for under $20k. I know that's not pocket change but c'mawn!!! What a value.

Quotes source post: 10055848

Not a bad idea. 60k service has not yet been done, but will be done early next year unless it is sold. New shocks, tires and control arms make the car drive like new. What a difference.

Quotes source post: 10055869

I agree. The car is fantastic and hasn't failed me except with a dead battery one day, but in all fairness, it was a 4-year old battery and I live in south Florida. I drive the car whenever I want and don't just let it sit. Religiously waxed. Religious oil changes and not a dime spared and I still think the car looks great. The fister mufflers are the best part of the car. I think I just mind-f&"/ed myself out of selling it, but I'll list it and see what I get and report back so eveyone has a basis.

Frankly, i thought the pricing would be lower. Not that i'm selling but it bodes well for my 2003 C4s with 137k miles. I love the thing and I bought another daily driver just so I could enjoy this thing for another 20 years. I hope. I'll keep her as long as she'll keep me, is what I say. Good luck!

Do you pay sales tax in your state? If so, the trade in amount will be deducted from the taxable sale price which could save you a little more than a grand. If you want a 991, then just trade in the 996. You're looking at a hundred thousand dollar car and when push comes to shove, they'll give you $13k or $14k to make the sale. The hassle of trying to sell privately for a few grand more is just silly. That's especially because MK1 996's are sales proof. Nobody wants one. I'm really sorry to say that. I'm not knocking the car, but let's face it. They don't have a very good reputation. Look at the AutoTrader ads. You can see how long the ads have been up, and there are literally hundreds available that have been for sale for over a year. If you can afford a 991, why screw around? The leather dash option will be more than the trade in difference you're talking about. Move on and get the car you want.

Quotes source post: 10060397

I agree with you about the 996. Agree with you about trading in, agree with you about length of ads, but a difference of a few thousand dollars is nothing to overlook. A few thousand here and a few thousand there is a big deal to a lot of people who can afford a 991

Quotes source post: 10060606

I hear ya. I don't mean to be trivial about real amounts of money. However, your old 996 is a liability, and a big one. My last 996 (04 C4S Cabrio with 94k miles) had the ABS pump fail overnight without warning. That's a $4k problem that could happen to you at any second. Same goes for a myriad of other problems with aging high mileage 996's. Cars are bad investments generally. The risk of a high cost problem occurring in the time it takes you to sell your car at a premium (anything more than trade in) is very high. IMO, it is not worth taking that risk. Get the car you want. It'll have a warranty, for a while. I'd be more worried about depreciation of a brand new 991 (bag of worms) Why not get a low mileage 997S you could by for about half of what they went for new?

Quotes source post: 10060794

Nothing against the 997S, but really like the look of the 991. If I don't have luck selling my 996 privately, I may be compelled to trade it, but would prefer to try. Sounds like bad luck re: abs pump. No questions cars are bad investments, but to the extent I can minimize my loss, I'd like to try.

I don't know if I can agree with your one thousand dollar logic. Your 991 depreciation in one month is well over one thousand dollars. Obviously, that $1K can be tossed around.

Test the water and try selling it yourself, you may be pleasantly surprised by the outcome. Otherwise we're all just guessing. GL

Please pm me.

I have been reading here , and I am on the market for 996 with a IMSB install.. I am selling or trading my 03 Boxster S , only because , we like the room in a 911 , when we take our extended road trips and go camping. We did a lot of this driving in my old 84 Carrera.

Quotes source post: 10060397

do you mean to say all 996's have a bad reputation? Or are you claiming that facelifted 996's don't? People are leary of getting into a decade+ old Porsche period. And I have to wonder if the supply of the non-antique air-cooled Carreras were as robust as 996 and 997s if they too could oustrip the demand for an out of warranty, not particularly fast (by current standars) or reliable (by current standards) foreign car that demands expensive parts and specialized labor. p.s. To the OP, did you end up selling? if so what did you end up accepting? I recently saw that a privately sold 2001 Boxster S with no real options went for $14K with ~70K miles, it sold in less than a week in Texas. I doubt a C2 would get 50% more but somewhere in between sounds right.

Quotes source post: 10053602

you'll be lucky to get $14-15K privately - newer engine nice but 121K is high miles on chassis - seems many 996 owners don't know the true market value of these cars. you could advertize if for $20K and let it sit around for 2 years like most of the other 996 sellers - i've been a 996 seller and now i'm a 996 buyer so i speak from experience and recent research of marketplace.

I just bought a 99 coupe with a little less miles and only minor issues for 12K. Needs horn and directional repair. That's it. Even came with a great set of BBS wheels. Mike

Just happen to read this thread. Nice car, but reality is more like $15K. I just sold my 02 Boxster S - mint with 50K miles for 16K. I browsed nice 911s at the time and based on recent comparisons a quick sale at $15K would be best way to go. You have had it a long time and there is only so much more you will get out of the right buyer. That said put it on ebay. Great free advertising to huge audience. I have sold all my cars and if the car is good the only test drive was to the guy that bought it. Use your own screening methods of buyers. Its easy to tell the serious ones in my opinion. GLWS - certainly doesn't look like a 120K+ mile car which is no easy task.

I just don't see any 996 available for sale that cheap. I'm not really looking for another Carrera but I'd buy one for $12k "with minor issues" in a heartbeat.

As a starting point in getting a realistic value, one can use the Autotrader website's on line trade in value tool. Many dealers have a relationship with Autotrader to accept this value on trade in. I had a talk with the Mercedes/BMW near here and they verified this.

Ahmet. I found it on my local Craigslist. he was asking $12,900.00 Not sure why it was so cheap but I jumped on it. I havent had any issues so far that would warrant the lower price. it has 110,000 miles. Mike

I wonder what he got for it?

Quotes source post: 10245153

I was in the market for Cayenne Turbo recently and considered selling my 996. I went to Carmax to see what I'd get since KBB and NADA claimed $13k-$17k. I figured I'd get around $14k from Carnax they offered $10K. I kept the 996 and purchased another ML instead.

Anybody have a link to another 996 for sale under $13k?

Quotes source post: 10245014

trade in value differes from deal to deal - if a dealer is going to make $7K on a car he sells you on trade, the value he gives/pays you for your car will differ than a $2K profit he will make on the car he sells you. many dealers can make a whole lot of money on used cars because they usually don't give much for them on trade and then jack up the price when they sell them - it all depends on the specific deal. 95% of dealers will give you wholesale for your car so they can sell it at auction - at least thats how it works in the state of washington.

Quotes source post: 10245646

I agree regarding to the wholesale of high mileage cars, at least that is what was explained to me. But if the dealer can sell your trade-in on it's lot, ex.. CPO'd vehicles, you have a better chance at getting a good price for your vehicle.

Quotes source post: 10245465

stay on top of Autotrader during winter. Two weeks ago I saw an 01 Cab, maybe it was an 02 Cab can't remember now, (black and tan) with about 80-90K miles, asking was $13K so you would have gotten it for $12K easy. 996 asking prices seem to be all over the map on that site. Sounds like anxious sellers finally wanting to get into something newer fast. That being said there is no such thing as a cheap Porsche unless you are out of them in 1-2 years.

Quotes source post: 10246846

IMO stuff like this is way too hard to generalize. I am sure I can find pretty much any car for $X if I look. That car may have been a clear indicator that 996s are now cheaper than Hyundais, or it may have been a car that had lots of stories hiding. In the past, searching for deals, I often spent a ton of time chasing cars like that only to find really obvious (to me) signs of prior paintwork and accidents. I always pass on cars like that, but I am 100% sure they ended up going to someone who would then tell the world about the "amazing deal" he got on a "flawless car". Very unfair to the guy that has an equivalent car, but without the accident history, and (rightly) expects 50% more. Caveat emptor. If a car is amazingly cheap there is almost always accident history. If as a buyer you don't care, then that's great, but it really doesn't make it a great deal compared to a car that hasn't been hit IMO. To some, even if the entire front end has been replaced and repaired correctly, they still feel the car is "perfect" and a great deal. For me once a car has been hit the value becomes $0. Most buyers at the very least apply a significant reduction to prior accident damage cars even if they have been repaired perfectly, so the reality is that accident history has a big impact on value. Maybe an 02 996 is now *really* a $12k car, but I find that extremely hard to believe. I was offered $25k on dealer trade for mine (but of course mine has no accident history) I'd bet money that $12k car had accident history which is why a dealer wouldnt touch it and the buyer set the price so low. A friend of mine is an experienced body guy and has become a true "heart breaker" among our group. 100% of the time someone has come to him with an amazing find that they swear is 100% perfect, he points out the accident history in 5 minutes. It can be almost impossible to spot even for someone who feels they know what to look for, but experienced collision guys will know immediately.

+1 mlambert890

Grey Guy - incredible avatar!

Thank you ;-)

Quotes source post: 10247567

That's pretty much spot on.

Quotes source post: 10247567

okay so $12K worst case and $19K at the the higher end. Considering the sticker price, that's not that huge a range we're talking about here. Which means its not a huge range for a seller either. The bottom line is that a water-cooled Porsche that's been out of warranty for six+ years with mileage well into the territory of "major maintenance soon required" can be sold at a very low price even with a clear accident history. Supply is going to increase, interest rates for new purchases or even loans on in-warranty used or CPO Porsches are extremely low. You don't have to be wealthy to swing a $40K-$70K car loan right now. Which really makes the decision to go with a 10+ year old Porsche less appealing while supply is growing . That's a condition for a very wide pricing spectrum if the car you're selling isn't an air-cooled collector car. The idea that only water-cooled Porsches with blemished car histories are the only ones that will be going very cheap (under $15K) is about to be tested very soon. Ritholtz the Wall Street blogger had a recent blog posted about shopping for cars and noting that he would be able to consider cars much higher up the pricing ladder simply because of the Fed's money printing. He was stunned to see how easy it was to finance cars that were non-straters (due to high price) just a few years ago. If someone can afford to move into a nicer car that means their going to be sending their current, in-warranty, nice car into the used market very soon. Which in turn makes the used car purchasers a lot more picky and less quick to lay out cash above a typical downpayment (the price of buying an out of warranty used car outright).

I find it quite interesting that this has gone on as long as it did without the op ever chiming back in. I just hope this forum doesn't get over-run with college kids(no offense)...

Minor parking lot type fender benders happen all the time. Making a car woth $0, because of this is just simply amazing to me. Especially when these cars are getting to be over 10 years old. It's simply not a realistic expectation.

Drives me nuts car shopping up here in Canada(Toronto).Try to find an 03 boxster for less than 23 and early 996 in half decent shape are still mid 20's.Everyone up here thinks they have the best car on the planet.

Quotes source post: 10255978

owners thinking "best car on the planet" also applies here in the states - there are 1999 996's for sale on autotrader, cars.com and CL that i've seen on and off market for 2 years. - from my experience they are mostly in the los angeles area where the owners think they are above everyone else. i've talked to a few of them. the lonely/miserable people who know everything and get off talking to strangers when they call. when i follow up on these cars i always ask if they have their pants unzipped and little towel in position. the few cars that are really well priced seem to be young guys/starving actors/waiters who are trying to bail and really couldn't affford them in the 1st place.

Haha....great post....tell us how you really feel! lmao