911 Trade in value - am I being screwed?

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DandyDon
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Joined: Mon Aug 07, 2017 11:50 am

911 Trade in value - am I being screwed?

Post by DandyDon » Tue Dec 03, 2019 3:30 pm

In the OPC today for some wheel alignment work and inevitably got chatting to the sales people. To cut to the chase they offered me £54k against a 992 or Panamera. My car is an ex demonstrator which I bought with only 900 miles on it. It’s a 991.2 Carrera ( base model) registered in July 2017 with 11,500 miles. It’s had it’s first service. The original spec of the car came out at £96k so in just over 2 years the car has lost 44% of its value! I’ve been through Porsche’s used cars website and similar cars are selling for around £74k; that’s a very healthy profit of a staggering £20k for the OPC.

Am I being screwed? It feels like it but maybe I’ve been misreading the market. A lot more finance needed to get a new car than I thought.

Anyway I’d welcome any thoughts, comments and some comfort.


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VanB
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Re: 911 Trade in value - am I being screwed?

Post by VanB » Tue Dec 03, 2019 4:06 pm

I would expect 20% loss in year 1 and 10% in year 2 and in year 3 on a reducing balance basis. This is what I was advised by a Porsche buyer from one of the big car groups.

On that basis I would expect your car to be worth closer to c £69k with an offer from the dealer of about £64k so definitely way more than you have been offered.

Some people would argue that you should knock all the options off first (you must have about £15k's worth) but some options do have a value otherwise the car would be unsaleable. If you do this you come out with a value closer to £58k and then knock £5k off for a dealer offer which is £53k and is almost bang on what you've been offered.
Current - 991.2 GTS C4 GT Silver
Previous: Macan GTS Night Blue
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neilj007
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Re: 911 Trade in value - am I being screwed?

Post by neilj007 » Tue Dec 03, 2019 4:14 pm

...but similar cars are for sale at £70k and over...so £64k ish sounds right
Renault Zoe - for all those small, inefficient journeys
911 991.2 Sapphire Blue
Cayenne 3.0l diesel, black, air, pano, heated screen and steering wheel
Carmine red GTS - sold Nov 18


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VanB
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Re: 911 Trade in value - am I being screwed?

Post by VanB » Tue Dec 03, 2019 4:17 pm

Agreed, Neil
Current - 991.2 GTS C4 GT Silver
Previous: Macan GTS Night Blue
Previous: 981 Cayman S Agate


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Wing Commander
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Re: 911 Trade in value - am I being screwed?

Post by Wing Commander » Tue Dec 03, 2019 4:50 pm

DandyDon - Yes, it does sound like that is an exceedingly low-ball offer!

If you are looking to change, and if they won’t move, try other OPCs and/or top end independents.
Simon

Sold: 2016 Rhodium Silver Macan 2.0
Sold: 2013 Platinum Silver 911 (991.1) C2
Sold: 2017 Carmine Red Panamera 4
Mine: 991.2 Carrera T Racing Yellow http://www.porsche-code.com/PJCIIPK4


Macananon
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Re: 911 Trade in value - am I being screwed?

Post by Macananon » Tue Dec 03, 2019 5:04 pm

I use autotrader to value my cars. Fairly accurate vif you counter in the desirable options and skip the unnecessary ones.


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VanB
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Re: 911 Trade in value - am I being screwed?

Post by VanB » Tue Dec 03, 2019 5:32 pm

Good advice Macananon - I've sold 6 or 7 cars via Autotrader in the last 3 years and found their valuations to be pretty spot on
Current - 991.2 GTS C4 GT Silver
Previous: Macan GTS Night Blue
Previous: 981 Cayman S Agate


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Paul
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Re: 911 Trade in value - am I being screwed?

Post by Paul » Tue Dec 03, 2019 7:35 pm

+1 for Autotrader. Create an advert (or sell my car...) and it will give you private / p/x prices.
1st Sapphire Blue SD
viewtopic.php?f=23&t=1986

Current Sapphire GTS
viewtopic.php?f=23&t=4296


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Taz
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Re: 911 Trade in value - am I being screwed?

Post by Taz » Wed Dec 04, 2019 9:58 am

It’s certainly worth trying other Porsche dealerships. I found up to £4K difference between two dealerships that are in the same group.

Try Wolverhampton as I have always found them to be very fair.
So when is this ‘old enough to know better’ supposed to kick in ?

Cayenne S - since Aug 2019
Macan Turbo - Feb 2018 to Aug 2019
Cayenne S - Apr 2015 to Feb 2018
Cayenne - Jul 2013 - Apr 2015
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adam b
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Re: 911 Trade in value - am I being screwed?

Post by adam b » Wed Dec 04, 2019 10:11 am

Their profit is usually about 8-10k so yes they are, esp as 992 and Panamera are not exactly flying off the shelves (unless they are giving you a very good discount on the new car). You need to look at both sides of the deal
2017 Turbo, with most of the toys


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