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YOUR RESEARCHBuzz-kill on selling a higher mileage 996...
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Initially there were no pain issues; however, about 6 months ago I began to feel pain in my left knee when using the clutch.
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Quick question I need some help with - I have a Canadian 996 with 202,000 Kms / 126,000 miles on the odometer I am selling for a PCA member. It drives so tight and fast that I NEVER think about the mileage. It's been meticulously well maintained but it's an instant buzz-kill when potential buyers hear the mileage. I've tried listing it with no mileage and that gets reaches but again, instant kill when they hear the mileage. Thoughts anyone? Thanks in advance...
Price:
$26,000 CNDs
$20,000 USDs
My 996 is at 190k. I'll never sell it bc of that. It will always be my spirited driver. Just like the car you described, I have completely replaced everything so it drives amazing!
Yeah. the mileage isn't the buzz kill, it's the price.
I was shopping for a 911 last year and at 26k, I'd be looking at C4S with turbo parts and wideboody in the 100k mark.
if you want to sell fast, that price is just too high IMO. I'm sure it could sell at 26k but the stars will need to align and the right buyer drives it and falls in love.
It's a 2000 with aero package:
https://rennlist.com/forums/vehicle-...ero-coupe.html
It's advertised as a GT3, but it's not a GT3.
$20K US is too much for this car. I bought the same car with more options with 31K miles last year for $22K and I paid extra in my mind but bought it due to low mileage.
If you are getting no bites, that mean it's not priced correctly. Price it correctly and you will have a quick sale. I would price it at no more than $17K US.
I understand your predicament because I recently decided to sell my car because two years ago I had left knee replacement surgery. Initially there were no pain issues; however, about 6 months ago I began to feel pain in my left knee when using the clutch. The pain has gotten progressively worse. Finally made the decision to sell it and try and get me a tip (stay in the Porsche family), or maybe another 928. Sadly, my car has 151K miles and it scares the **** out of people
. Buyers are afraid of high mileage cars despite the condition of the vehicle. If I sell my car cheaper, more money I have to come up with to get the tip
I think that I finally got my car exactly where I want it both in performance and presentation
I paid $24 500CDN for an 02 C4S with 61k miles.
granted I should have paid a lot less considering the issues I now have.
just looking through trader.ca now and I see a lot of better deals than this. I believe that price needs to be in the 18-19k range.
don't shoot the messenger
Is this the same yellow aerokit that has been discussed a few times already? In BC, selling for a friend, high milage, sounds like it to me.
I seem to recall the last time it was discussed, the price was a sticking point. I think there was also something else that was brought up, but I don't recall what it was and I'm too lazy to try to dig up the thread.
With current 996 prices, I feel like the absolute max price someone will pay for a 3.4l car is 20k (usd). Drop it to 17.5 or 18 and see if you get any bites, or hold onto it for a while and enjoy!
I would lower the price closer to real market value for a C2. Even with the nice options, its still just a 2000 C2 to most buyers. Unfortunately all those high priced Porsche options in 2000 mean very little 15 years later. For a real downer, bring it to a local Porsche dealer and ask them what the ACV is for the car. You will be severely disappointed.
There's been a guy on eBay trying to sell his 996.1 gt3 clone. Minus the gt3 drivetrain. He had a bid at 22,xxx at the end but, didn't meet the reserve price. To me he was an idiot to not take that and run! I was shocked someone put a bid that high for it.
I agree with Paul. Generally in the US at least, anything over 100k should be in the teens for quick or quicker sale. It may help to even lower it to $19k and negotiate from there. Even bringing it down to 19,900 would get you in some searches and on the radar of some buyers as those looking for older mk1 models generally filter based on a $20k limit a lot of the times. You maybe able to get a slight premium though since you're in Canada and/or the car is somewhat unique in color/options. But once again, it depends on how long you want to sit on it for the right buyer.
Also thanks for forums like these, high mileage AND no IXX retrofit will scare away some people as well.
Where have you tried marketing the car thus far?
I don't doubt it would definitely sell for $17k but not sure if your friend is willing to go that low. Otherwise with winter coming up, you're looking at a slow period and having to store and take care of the car until next spring potentially.
I sold my '99 C4 Aero with 147,000 miles last spring for $15,750 US. However, the engine only had about 73,000 miles on it. It was black, in very nice condition. I'm thinking your car top dollar is around $18,000 US. I'd list it at not much above that and then hold firm. You'll get more potential buyers by starting at a lower price and then holding within $500 of your advertised price as opposed to starting at a higher price and then discounting $1,500 or $2,000 (or more).
You hadn't posted the price before (that I saw). Now I hate you even more. For that car and based on your rep I wouldn't have thought twice about having two mostly identical cars. That was at the time we were toying with the idea of getting a second too, I would have paid more for it if you asked. Probably best that I didn't get a chance, but it feels similar to missing out on a friends 993 (I thought $25k would have been an insult so I never offered, but she got shafted by her Indy when they convinced her $20k was a good offer (which they then sold for $35k in 2 weeks...)).
Personally I don't see high milage as a show stopper. If I was in the market for one (because I like the aerokit), $20k wouldn't be a turn off for me (for a C4 aero I'd probably go as high as 25). I'd only give that kind of money for a few reasons though:
1) It has all the major options I want AND most/all of the minor ones.
2) It has impeccable documentation of it's service history.
3) Most/all of the wear items have already been addressed.
4) It was close enough for me to visit and review the history and/or it was being sold by someone that was well known and had a strong rep (both for taking care of the car and being honest).
The buyers with my view of the world are few and far between though, so you have to be willing/able to hang on to it and wait if you really want the high price. The upside is that adding more miles on it while waiting for that unicorn buyer isn't going to significantly hurt the value at this point as long as you are maintaining it well.
I bought my 2001 with 80k miles, and its a southern car with no chance of any rust issues, for $19k (and I stepped up $1000 to get it) and its absolutely mint. I think a Canadian '99 with those miles will realistically bring $15k
Prices here in Canada are appreciating right now because of the exchange rate - very few cars will be moving North across the border (and some will be moving South). Less supply, higher prices. Who knows, if you hold onto it you may get the price you are after.
I paid $14,500 for a 2000 c2 with 128,000 miles and it runs like new. I am not afraid of high mileage if in tip top shape.I think the prices are around 14000 to 18000 for that car.
Excellent data guys - thanks very much for chiming in. I've been marketing it through Craigslist, Autotrader, Kijiji (Canadian), the PCA site and showing it locally on drives. Craigslist has pulled the strongest but they pulled the ad for some sort of reason only Craigslist knows. But I've got a couple of good reaches. I'll keep you posted. There is a price for everything...
$20K CDN is about the market value up here for one with 150k kms. You'll need to drop the asking price by a couple K and be ready to sell it for 1K less. A friend of mine bought his 99 last year with 180K kms for $16.5 here in Ontario. My brother bought his '99 C4 last winter from a Seatle dealer, under 160K kms, for only $14K USD.
Not always. I sold my 01 996 with 110k miles to buy a 996 TT a few years ago. It ran perfectly, was a one owner(well 2 owner counting the several months I owned it) with full service records. Unfortunately for the buyer, the engine blew up a short time after the sale. I had always heard that the low mileage cars were more susceptible as you suggest. I just thought I'd relate my experience that it isn't always that way.
BTW for comparison purposes, I sold that 01 996 for $17k
Bought my 03 c4s with 110k on it in Ontario for 28k full service records since new. I would under no circumstances pay anything over 17k for the op's car.
Good ballpark, Imre.
With this mileage and for a 2000, I would not ask any higher than $18,900 Cdn ($16.5K US). The only unknown here is the possible excitement generated by the GT3 AERO package on a newbie, which cannot be quantified. Dual-row Ixx should be a +
Vancouver is a unique car market. We pay about 15% more based simply on geographical location for premium cars. The pricing guidance in this thread needs to have that taken into account.
Having said that...
OP's biggest selling challenge is that 200k kms is a magical pre-conceived number for high/low milage regardless of the car's condition or age. The difference between 190k kms and 202 has cut the buyer prospects at least in half, maybe more. I personally have a cash in hand ready to buy future 996 owner friend who won't even consider this car regardless of how many times I've brought it up because of the milage.
Your price is too high IMHO. Your car has been for sale for a very long time (a year?), while many others have come and gone. Since you're asking for opinions, I'd list this car at 19.5k Canadian absolutely firm (as mentioned in the thread 20k is another magical cut-off number) Price it right and it will go quick.
Bring it to PCA-CWR auto-x this weekend and show it off. At 19.5k, I'd bring transfer papers too...
BTW - I love your car, great option list, and appears really well kept.
126,000 mi. on a 15 yr. old car isn't exactly what I would consider "high mileage"... Regardless of that fact, $20,000 is still considered a little high...
you should want to drive it there, demonstrates to prospective buyers that the car is reliable enough (for a 15 year old German car). if you tow it instead it's clearly not a low mileage show queen so the implication would be that it needs a lot of work to be a driver. if you don't drive it to events where you may find buyers knock $2-4K off the asking, $13-15K would be more reasonable if it needs work to drive.
I'm not implying that OP's car is in this condition, just that how you opt to get it to places to show given concerns about mileage has signaling value, positive and negative.
Good point! I more meant that I would rather drive the Spyder through the cones as I think its time will be better than the 996! But good idea on taking it out there. Done. Convinced!
Nice car, and I'm interested. Here's the 64,000 dollar question, that I can't find an exact answer to in Porsche-world.
Is a 2000 996 VIN first sold in Canada compatible with all US DOT requirements? One would think PCA would have info on this but so far - not finding a word about it.
What needs to be done: A letter from the MFG with the VIN clearly stating that it meets or exceeds all US DOT requirements for production on that date(month/year). If it does not meet it, what parts, materials, systems are lacking. I have no knowledge from Porsche that they will get involved in this at all, but surely they have records of such things in the database. Once that's done, the rest of the stuff is with the CBP in the US and can be handled with a few calls.
Of course, this can all be done by writing checks to a RI, but what's the point if I'm buying a used car from out of the country and then have to pay maybe 10-25% of the value of the car for 'handling' fees? Not interested in that approach.
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