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Originally Posted by Perfectlap
That's QUIET a premium alright. It sounds to me like he shouldn't be surprised that informed buyers are giving him a bit of a reality check as well. It works both ways I guess.
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Agreed, but when you are looking for a car and wanting to pay $22k do you really bother with cars having asking prices of $35k? Seems kind of silly to me and most likely to result in some irritation for the buyer/seller or both regardless of which person is closer to the real market value for the car. If I wanted to spend in the $22k range, I wouldn't even bother with anything with a starting price north of $30k.
Besides, establishing "market values" with Porsches is more difficult than with most cars and the older they get, the more difficult it is. First, they have much lower volume than most (which makes KBB and the like less accurate) and second, many buyers will pay massive spreads in prices on two similar cars with different levels of care and maintenance history.
I've been helping a friend look for a 1970 911 recently and the pricing right now is between $13k and $99k......no kidding. Both are virtually identical cars (even same color), but one is a concours level car and the other needs work. This is an extreme example, but it never surprises me, even with Boxsters when two similar age cars sell for pretty vastly different prices....lots of variables there.
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