'99 C2 Pricing

My brother is looking seriously at a '99 C2 Silver/dark gray in CT, with 10K miles on the odo and has "been in the rain once." Car has supple leather, manual, stainless steel package (handbrake, shifter, exhaust), Hi-fi/6 disc, and listed at $74K. The car is cosmetically perfect and he's been offered the car at $35K. Says it looks and drives perfectly. Private seller is buying a 650i BMW. I advised him to get PPI done, but the car is not warranteed. Reasonable price? I saw the red/tan '99 posted earlier this week with 64K miles at $29K. My bro is an impulse buyer, and loves the car. Tim, I know "This Post is Worthless Without Pics" - I'll do my best to get a couple up.

IF the car checks out (PPI) and he really wants the car, the only issue to me is the mileage. Just over 1k per year seems awfully low. Cars are meant to be driven (I am trying to consider who I'm talking too LOL). There are a lot of cars out there, but if it is the color combo and options he wants, I'd say the price should probably be closer to 32k.

Phil, tell your brother that I know where he can get an '04 C4S with less than 2,500 miles. The current owner NEVER drives it and may be willing to part with it for a song! The 35K sounds like a pretty fair deal given the low miles. I agree with the PPI recommendation and he may want to research the cost of an after market warranty PRIOR to buying the car.

Sounds like a good price to me. I bought a '99 with 38k mi 6 months ago for $29k from a dealer. Condition good, but not perfect. There was another with 48k mi available at the same price. Neither had any options. Those were the best two deals I found in the country in the couple of months that I was shopping. I would have bought the car you described.

Tim, he really wants my car, but he can't have it! Doubt if the current owner will part with it - even for the right song. It's now up to 2048 miles. Should hit the big 2050 today - taking it out for a nice Memorial Day spin!

Sounds like a nice car, but my instinct is that it should be a few thousand closer to $30K Phil - pity that you couldn't have joined us yesterday - you would have gotten the front all covered in bugs (like mine) and that would have given you an excuse to detail it again.

Wayne - what do you mean AGAIN? He hasn't driven it enough to detail it the FIRST time!

Very good point! Well, I guess I worked under the assumption that Phil liked to polish his paintwork a lot, but didn't get that much action from it. ... to paraphrase... all polishing and no play makes Phil go blind.

Phil - tell your brother I'll sell him my '04 C2 for $52,000 OBO. 2004 C2 996 - Sticker was $81,175. It has 39,8xx miles on the clock. No PSM. Because the car has actually been driven, the front bumper has character (stone chips). New PS2's 4,600 miles ago. Alignment completed after new tires installed. Brake fluid changed at 32,xxx miles. RMS replaced - dealer installed new 997 RMS Options: Lapis Blue Graphite Gray Leather Seats Metropol Blue Deviating Carpet Metropol Blue Floor Mats Power Seat Package Xenon Headlight Package Heated Front Seats 18" Turbo Look II Wheels Wheel Caps with Colored Crest Bose High End Sound Package Supple Leather Front and Rear Exclusive Options: Storage Compartment Lid w/Carrera Logo Aluminum/Chrome (see details below) o - X54 Stainless steel exhaust pipes o - X70 Door sills in steel with model insignia o - X71 Aluminum Painted Instrument dials Deviating Carpet MODS: Clear side markers B&M Short Shifter (I still have the OEM shifter) Aluminum Gauge Rings Aluminum Pedals (I still have the OEM rubber pedal covers) Upper Storage Tray (I still have the CD storage) Stock 3.6L muffler PSE Mod (I still have the OEM stock mufflers) Spoiler Switch installed in Horseshoe Garage Door Opener Switch installed in Horseshoe Painted Brake Calipers Red Painted "top hats" silver

Wayne, my kid's college graduation from University of Delaware was yesterday, so no way I could make it. But I am planning to be at the Radnor Hunt show on June 2. Are you going to be there? Who else?

Tim, sent you a PM.

Yeah, I remember you mentioning the graduation, so I'll give you a pass on that. I am planning on being there. I don't know who else (other than the usual RTR regulars)

Well, my baby is now washed and waxed after yesterday's bugfest.

FWIW I paid $35K two months ago for a seal grey/black leather 2002 C2 with 39K miles. I'd say it was a 9.3 out of 10. NO PSM, light carbon fibre, 18 inch liteweight wheels. I love that car. Anyway - closer to $30K for a 1999 would be more appropriate I think. Plus the low miles would worry me too. Seems to be a consensus on this board that parking these cars more than driving them correlates with a higher occurance of catastrophic engine failures.

Car looks great - the twists work well with it. I look forward to meeting you (so you can make fun of me in person) on June 10th!

Absolutely! Tim has asked me to take photos of you car just to prove that it exists.

Oh man, if I still have my P-car then, it would almost be worth the drive to see Phil's car in person! I have seen "slightly used" 996's before, but I have never see a "never used" 996! BTW, what is the Radnor Hunt Show? Is it on June 6th or June 10th? Wayne - you car looks great!

The show at Radnor Hunt is on the 10th. It's the 50th anniversary of the PCA Reisentoter Region - the plan is for each of the past 50 year to be represented by a Porsche from that year. Other cars are to be displayed in the corrall. I'm not sure if any other cars/marques are set for display at the show, or whether it's strictly a P-car event. BTW, Tim - I forgot to ask why you're selling your C2?

I don't get how a virtually new '99 C2 should sell for $30k? Isn't that what 40k mile '99's sell for? I think this forum is responsible for driving the prices DOWN on our cars!

I'm not a big fan of paying a premium for a super low mileage car which you will only depreciate out quickly if you drive it. So I would opt for a 30K or so mile car--maybe a dealer trade, Porsche certified, with records. I was looking at a Porsche certified 01 996 C4 coupe with 27K miles which my dealer was offering me for $45K.The 2 year warranty certification is worth about $2K. It drove well, but had an RMS replacement after just 27K miles. I was a bit concerned about that issue. I chose, instead, an '03 Boxster with 30K miles, which was also certified, drove the back roads about as well, and was a lot cheaper. It was a better deal, since the car had been bought new at the dealer and traded there for a new 986. A one owner, well-cared for car they didn't have much money into. I think the safest way to buy these cars is Porsche certified from a good dealership. They'll give you a good deal depending on how much money they have put into the car.

Thanks Tim. I know you like to see new photos occasionally and I've not taken any since I added the new plate on the car. I'm also curious to hear about the moves to trade your car - what's going on Tim? Trading up or out?

The thing is Andy, that it's not virtually new - It's 8 years old. A low milage car is low on wear and tear, but cars age, even when they're not used.... hose and belt fatigue is significant, maybe even worse on a car that's not used. Taking a p-car off the showroom floor and not using it doesn't make it immune to depreciation. A used car is better than an unused older car every time - it has had the kinks worked out, it has been worn in, you know it's strengths and weaknesses. Show me any car (with the exception of an exotic) that you'd expect to hold it's value after 8 years.

Wayne's right here. Quality exotics will hold or increase their value - our P-cars, as nice as they may be are not collector cars. Andy, I disagree that this forum is responsible in any way for driving down the prices on our cars - I don't get your argument. The market is what it is for them. If someone really wants a very particular car (color/year/model/mileage/options), they'll be willing to pay more for it.

BTW Phil - I'm looking forward to finally meeting you and the car in a couple of weeks.... and I promise I'll be nice.

I'll be there - unless of course, it's raining!