Value Check - 2002 996 Targa

Hi all, I'm looking to roll my 964 for something I can make more of a daily driver, and the Targa fits the bill. A couple of questions: I'm looking at this car: http://cgi.ebay.com/ebaymotors/ws/eB...tem=4567540126 I have a dialog going with the owner, who doesn't want to take less than 55k. My sense here is that $53k would be a stong buy, but of course he paid $89k three years ago. Local guy, well optioned car - is this value realistic? Also, have you found the C4S to have better resale value? This Targa stickered at 89k, selling at 55k. I've seen C4S's stickered between 88k-90k selling for 60k-62k - would this be the better long term buy? Any thoughts here would be appreciated, and I look forward to joining your board!

55 is between average and clean retail for this car. When buying fom an individual you really shouldn't have to pay retail, although the car looks very ice and optioned well. If A PPI comes out squeaky clean and you want the car, it is likely worth the asking price, although I doubt he/she would turn down 54 if you commit to buy. good luck

I think re-sale is actually pretty similar when you consider the fact that the Targa, being less popular than the C4S (a mistake, I think, by the way!) was available at much better discounts from MSRP than the C4S.

Hey CAF, How do you like your Targa? I'm coming from a cab, which is glorious with the top down, but positively miserable with the top up - dark and depressing. I think the Targa would be the perfect compromise - has it been so for you?

Hhhmmmm. I think that Targas are rare enough that comparisons with C4Ss are not really appropriate (although understandable). In my view, a Targa will probably take longer to sell (smaller market), but will sell for a decent price IF it is clean and well optioned in light of its rarity. In other words, you have to find a buyer that wants a Targa and understands how rare they are. If you try to sell a Targa to someone who doesn't want one or doesn't appreciate it, the price will be close to a normal C2, despite the fact that the Targa was a lot more expensive new.

Here's an example of 2002 996 pricing, they now star with a 4 not a 5!! 2002 Porsche 911 Carrera $44,900 (Or Best Offer) See Saved Vehicles Kelley Blue Book Value Save This Vehicle Mileage 39,000 Cylinders 6 Cylinders Body Style Coupe Transmission Manual Doors 2 Condition Excellent Drive Train 2WD VIN Exterior Color Silver Listing Date 11 May 2005 Interior Color Black Features: Cruise Control, Remote Keyless Entry, Leather Interior, Memory Seats, Airbag: Driver, Airbag: Passenger, CD Changer, Premium Sound, Sunroof/Moonroof, A/C: Front Additional Selling Points: With partial aero package, GT fins, Remainder of Porsche warranty More Information About This Seller Individual Seller Seller: George Daytime Phone: [phone removed] Vehicle Location: Newtown Square, PA

That is not a targa and the price for the coupe you mention is just a bit under average wholesale value. It is pretty close to what a dealer would offer on trade in if the car needed some work done on it. If buying a new Porsche and this one was in excellent condition you would probably get a bit more even with a slight discount on the new car. kelly blue book is not a realistic resource in most instances, particulalry for special interest vehicles. I would pay in the 50s for a 2002 Targa as the one described here, if I didn't have to take such a big hit on my 2000 Carrera, which even though it is extremely well optioned for an 00, is worth about the same as a really nice 89 NA widebody. It would be sad except that at least I know I can drive this car everyday for a very long time and if I get tired of it, I can add a supercharger, the aero kit and get turbo like performance. Not such a woesome place to be from where I sit. As for the original question, the more I've thought about it the more I know I would pay the guys price if I were in the market. The new targas really are special cars. I wish I had waited long enough to find a suitable example before I bought my coupe.

I really love the Targa. You're right, it's sort of in-between. Not as much open feel as a cab, of course, but the flexibility to open or close on the fly, and I really like the glass roof sky view when the top is closed. Visibility to the rear diagonals will be much better than a cab; there are times with the top open that the double layer of glass will cause reflections looking out the back. When that's a problem, which isn't really that often, and I'm doing a lot of lane changing, I just take a couple of seconds to close the top until things are all clear. Good luck in your search!

I may be mistaken but doesn't the Targa's rear open like a hatch back? That's a nice feature.

yes, that's one thing that makes it so attractive. youut scratching up the interior

yes, that's one thing that makes it so attractive. youcan put your golf clubs in the back without scratching up the interior

Yeah, that's one of the more attractive things for me too - I coach baseballe, and I could actually use the car with the hatch instead of having to run home for the jeep to haul the gear bag. Thanks for the great feedback - will the owning match the anticipation? I give it 6 months before I'm planning something else... such is life.

Wholesale prices for an '02 might start with a "4". However, retail prices for a clean, low mileage '02 996 still start with a "5". $55,000 is probably a fair price for that car and If the buyer holds out I suspect that he will get it. That being said, $53,000 is a very fair offer.

The guy with the 2002 996 C2 has been trying to sell the car (retail) since May, he is now looking for an OFFER under $45K (with a Porsche warranty), he may even sell at a price staring with a 3!! I understand that if you paid considerably more for a similar car the temptation to try and convince a newcomer (and yourself) that the prices are high but you really need a big dose of reality to stay with the real world.

I don't know who "the guy" is or what condition his car is in but if he's got a great deal go buy it. However, if you look at the Panorama ads (for example) for low mileage (< 25,000) cars in good shape they are almost all above 50. I would not say that every '02's is selling for that but it sure seems like the majority (once again clean/low mileage) are. Are you honestly saying that you have not seen '02's trade in the $50K+ range recently!?! As for who is trying to convince who, the topic of this thread is about an '02 that the owner wants $55K for and the potential buyer wants to spend $53K............um where is the "4" in that transaction? (Can't wait to read post number 8)

Hey check the RL classifieds. There is a 996 Targa for sale there for $52k. Wrong side of the country for you, but for sale by a Rennlister may mean good things.

Years ago, I remember there was a website that listed like ALL Porsches for sale listed in classifieds around the country. Does this ring a bell for anyone? The site wasn't very visually appealing, but it had a TON of P-cas for sale...

This used to be the hot site years ago, but judging from the pricing it hasn't been updated in quite a while..... http://www.porsche-classified.com/

You're talking about asking prices, I'm talking about real world selling prices not "trade in value, or some dreamers asking price". Where were you when the 99C2 auction prices (real prices!!) were posted, from memory they were $23 - $29K you've only got to read this Forum a bit to realise that a lot of people think that they not only bought well but that their cars don't depreciate. Now that's a very special Porsche.

These are from Porsche's website, and although they are certified from dealers, and probably in perfect condition, I don't think you'll find prices in the low 40's for a similar car. 911 (996) Targa 2002 Manual 10,446 m Arctic Silver Metallic 320 HP RWD US$ 57,999 Yes NY 100 % 911 (996) Targa 2002 Manual 4,071 m Seal Grey Metallic 320 HP RWD US$ 59,996 Yes GA 100 % 911 (996) Targa 2002 Automatic 14,451 m Black 320 HP RWD US$ 62,988 Yes CA 100 % 911 (996) Targa 2002 Manual 19,161 m Arctic Silver Metallic 320 HP RWD US$ 62,999 Yes NY 100 % 911 (996) Targa 2002 Automatic 17,706 m Arctic Silver Metallic 320 HP RWD US$ 63,950 Yes CA 100 % 911 (996) Targa 2002 Manual 12,000 m Arctic Silver Metallic 320 HP RWD US$ 60,499 No CT 100 %

You're again talking asking prices not sale prices , but I can see your logic. This would allow the dealer who has these inflated retail prices to offer you an inflated trade price therefore enabling you to hang on to your delusion about real sale prices......... Why not have somebody post the current auction prices (then you'll say the cars were wrecks, no warranty - right!! The dealers you support would never buy a car from an auction, would they??).

Please post some prices for 2002 Targa's with low mileage for high 20's, I'll buy all you can post, every car.

Is that a picture of your trade?

I will take one of those 02 Targa's in the 20s, even if it has an RMS and a coolant leak, and needs MAF replaced

The 2004 C4S Cab I bought it new. The 2001 C4 was on lease so I had both cars for about 6 months then found someone to take over the lease on the 2001 C4.

You clearly have no idea what you're talking about. Now you've got '02's in the $20's!?!? I'm sure you're right, those Porsche dealers are discounting them by $10-30K (off their asking prices), just give 'em a call! Two words........show me.

Please show me where I said 02's in the $20's. I think that claim was made by some other confused person.........

Ok, then show me one that starts with a "3". You have certainly been shown plenty of "5's" in this thread by now.

Yu're right you never said 20s. Sorry I jumped in

To be honest though, I am afraid to test the market with my 2000, even though it has full leather, litronics, PSM, TIP, anniv edition 18 inch wheels, CF and alum interior accents. If it didn't bring out of the 20s I wouldn't be able to face it, so I'll just keep it, even though i would like to move up to a C4S. It will be a great car for a long time.