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YOUR RESEARCHWhat is the market like these days for a 996?
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Clean trade in price is
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Suggestion
This was a little less than what NADA.com said the clean Trade In price is.
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If it is a run of the mill car with average orhigh miles, be prepared to cry and cry over the price you will be offered.
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I have an '01 996 cab with under 40k miles. It's the dead of winter and we're a year into a major recession... so naturally I'm thinking about selling! Long-story-short, I moved, my commute changed, and now my baby just sits in the garage most of the time. Just wondering what the general market is like out there since I haven't bought a 911 in about two years...
Not trying to fish for buyers around here (although, feel free to PM me, if you're looking). Mainly just trying to see what the state of the resale market is like. Any advice from anyone who very recently bought or sold? Maybe I should just wait until the spring, when the weather is better for selling convertibles.
If you're trying to sell it's cry yourself to sleep at night, every night until there are no tears left time. If you're trying to buy it's New Years' Rockin' Eve! every night time. Literally, it's just like that.
I am trying to sell (not very hard...) since I am in the situation of not using mine at all...and it sucks, but I guess when you really need the money you can sell for WAY BELOW market value and you will get ride of it....
If you don't need to sell....keep it in storage for the winter and enjoy early spring with the top down (here in socal it is always "top down weather")...try to sell just before the summer and maybe there will be demand.
It is bad, many P cars on the marke are just sitting,even at reduced prices. It seems like the special ones and really low mile cars are selling. If your car has something about it that sets its self apart from the rest, you may be alright. If it is a run of the mill car with average orhigh miles, be prepared to cry and cry over the price you will be offered. Not trying to depress you, but it is the reality of the car market these days.
I just bought my '04 Targa from a dealer last week. She's a one-owner, 39k miles, with 8 months/11k miles of the original warranty and 24 months CPO warranty on top of that. The car has the Bose sound system, heated power seats, Xenon headlights and sexy wheels. The original MSRP was $89.5k and I just bought the car for $18k less than what Edmunds.com said the Dealer retail should be which is $5.5k less than what Edmunds said that the Trade In value should be. This was a little less than what NADA.com said the clean Trade In price is.
Needless to say I'm a Happy Camper, but the reality is that I probably overpaid a bit. But then I'm the type that would rather be driving my "new" car, than shopping trying to wring the last $100 out of the deal.
Good luck with your sale, but this really isn't the time to be selling. The waters are full of sharks right now.
Unfortunately it's exactly as everyone has said. Since I am going to be moving after Christmas I've been trying to sell my 996 (new factory motor w/ warranty) for around $26. Nothing. I have the clean title at home and have been considering just keeping it instead of selling it at low 20's. Winter and a bad market isn't a good mix....
Don't you live in Southern California? What are you waiting for when it's exactly 72 deg F and ZERO chance of rain? I drove mine this past weekend and the temp gauge showed 27. Brrr. Drove like a dream though. Love winter wheels.
Oh yeah, back on topic. Let me tell you a story about a friend of mine who is trying to sell his house:
Friend: "I'm trying to sell my house."
ME: "How much are you asking?"
Friend: "Make me an offer."
ME: "No seriously, how much are you asking?"
Friend: "NO. SERIOUSLY. MAKE ME AN OFFER!"
Now, just substitute "Porsche" for "house" and you have your answer of how bad it is out there.
The market is as bad as anyone has seen since there have been markets. Subtract $10K from what you paid 2 years ago. If you are okay selling at that price give it a try. 2001 TT can now be had for $35K-39K with about 60K miles on them. 2000 996 you can get easily for the very low 20's all day long. 2006 997s (MSRP $74 - 90K) with less than 20K miles can be purchased for $48-55K all day long.
I always find it amusing when I see someone trying to sell seats for a 996 for $2,000 when I can buy the entire car for $20K.
