03-21-2005, 08:35 AM
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#1
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Registered User
Join Date: Apr 2004
Location: Tampa FL
Posts: 62
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BTW, on the issue of trade in value, I went to the local dealer to look at a new 987S on Saturday. Just for giggles, I asked what they would give me for a trade in on my 2000S with 35K miles. Now, I did have to get the hood replaced after a pickup truck backed into me and the tow ball put a fist sized dent in it. The body shop apparantly repainted parts of the doors and front fenders to get a smooth color match. Since then I have had the car checked out by an independant shop specializing in porsches (Dave White in Tampa, for any of you in the area) and they said the car was in perfect condition. Now KBB has a 2000S in "Good" condition, which, given the hood replacement, I would categorize mine as (otherwise it would be "Excellent") at $22,300. Even "Fair" came in at $20,200. Citing the repaint, which the tech couldn't even see without his special light, the dealer offered me $18,900. I laughed out loud and told the salesman that that was in insult. Not that I was going to trade anyway, but that was REALLY lowball.
They WERE willing to take nearly 4k off the sticker, though (the KBB difference?). But no free floor mats ($115). And CC was $550.
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03-21-2005, 08:38 AM
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#2
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Registered User
Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
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Two quick points!
A Porsche with ANY paintwork is marked down by any dealer, generally in the thousands. Natue of the car I am afraid. Most high line cars suffer this fate.
Question? What Blue Book values are you referring to? Trade, PPT or what?
Keep in mind that dealers will offer you somewhere around auction value, a number that is not available to the public. This is because a dealer can go to the auction and buy a car like yours there for that price.
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03-21-2005, 08:42 AM
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#3
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Registered User
Join Date: Apr 2004
Location: Tampa FL
Posts: 62
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That was trade value on kbb.com for zip code 33604, default values except single cd instead of cassette.
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03-21-2005, 10:47 AM
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#4
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Registered User
Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
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Due to the current glut of Boxsters in some areas of the country, actual trade values are trailing KBB data by a wide margin. This can be seem by the asking prices for private sellers, which trail PPT KBB values by a wide margin.
Such is life in the marketplace.
For other cars, this is not the case. Trade values on BMW 3 series for example are strong vis a vie KBB numbers.
Go figure!
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03-21-2005, 10:50 AM
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#5
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Registered User
Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
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More:
KBB trade value for a 2001 Porsche 911 Turbo with 35K miles
$74500.
What a dealer will give you right now-
$65-68K.
Ouch.
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03-21-2005, 10:55 AM
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#6
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Registered User
Join Date: Apr 2004
Location: Tampa FL
Posts: 62
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Private sales and used dealer sales are still in the upper $20's for 2000 S's in my area. A year ago you couldn't touch an S for under $30k and most were a few thousand over that. And I thought the depreciation slowed down after a while!!
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03-22-2005, 03:49 PM
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#7
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Registered User
Join Date: May 2004
Location: Denver CO
Posts: 748
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My hat is off to Brucelee and Perfectlap for conducting their discussion like gentlemen. Too often disagreements of this nature degenerate into flaming matches.
A little over a year ago I did some preliminary dickering with a Porsche dealer on a nice 13k mile '99 Boxster that was going for something like $25k, at the time a decent ( I felt) dealer dead-of-winter price.
Just for giggles I discussed trading in my '81 911SC. Obviously there isn't any kind of dependable "book" price for a car that old, but I was just curious about what kind of screwing I would take if I did trade it in. They offered me something on the order of $7,000, and weren't too enthusiastic about that. I later sold the car to a local buyer for about $14k after posting it on Cars.com. The nice thing is that a year later the buyer still loves the car, which is a good thing, especially considering I have to look him in the eye every month at the Porsche club meeting.
I have to say that my opinion of buying a Porsche on eBay is much like Brucelee's ... as a buyer I feel you are playing Russian roulette with thousand dollar bills. Having said that, I must also admit that I came within probably 24hrs of buying a Boxster, sight unseen, off eBay about a month after I sold the SC.
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