100,000 mile 991?
Discussion
Our company car 991 (base model Carrera) is coming to the end of its lease term. It's just done over 100,000 miles on a 62 plate, still feels rock solid and has been main-dealer serviced all its life. Apart from some stone chips you'd never have a clue as to its mileage.
We have the option of buying it for hopefully a bit of a discount, which we were thinking about then selling on for a little bit of a profit. If I look at the cheapest 991s on here for example, it does feel like there's a bit of financial headroom to make a small profit.
I really don't want to buy it and then not be able to sell it because of the relatively high mileage though, and I haven't have the space to just hang onto it, however much we like it.
So my specific question is - would such a high mileage be an absolute show-stopper for you, even at a decent discount to similarly-aged vehicles?
Cheers
Jason
We have the option of buying it for hopefully a bit of a discount, which we were thinking about then selling on for a little bit of a profit. If I look at the cheapest 991s on here for example, it does feel like there's a bit of financial headroom to make a small profit.
I really don't want to buy it and then not be able to sell it because of the relatively high mileage though, and I haven't have the space to just hang onto it, however much we like it.
So my specific question is - would such a high mileage be an absolute show-stopper for you, even at a decent discount to similarly-aged vehicles?
Cheers
Jason
its going to depend on the price entirely, there will be a market for it, but what kind of money are we talking about, £50k would put you in a lowish mileage one, and 100K miles is the mythical tipping point for cars and miles. I know you should buy on condition, but miles effect prices, and i often think that high millage cars offer poor value for money as an extra few £££ gets lots of miles knocked off !
Also bear in mind the lease company wont be doing you any big favours, they know whats its worth (in the trade) and they will probably be hoping you take it off their hands.
You know its a good car, when its stuck in an auction no one knows its back story.
get a price for it off WBAC as a benchmark and maybe a specialist, see what they think its worth. Also remember prices you see in the classifieds are rarely the actual price people pay, everyone likes a haggle on a second hand motor unless its uber rare
Also bear in mind the lease company wont be doing you any big favours, they know whats its worth (in the trade) and they will probably be hoping you take it off their hands.
You know its a good car, when its stuck in an auction no one knows its back story.
get a price for it off WBAC as a benchmark and maybe a specialist, see what they think its worth. Also remember prices you see in the classifieds are rarely the actual price people pay, everyone likes a haggle on a second hand motor unless its uber rare
Koln-RS said:
Colour combo, spec, condition, history, mileage, warranty, would be necessary for anyone to give a decent idea of pricing, but I'm thinking £30ks.
Hmmm really? The cheapest 991 on AT/PH is £50k, although there's nothing that's close to 100k miles.I think low £40s would make for a quick sale, although maybe not at this time of year.
ooid said:
Great to hear there is no issue with the car with so high miles in such a short-time.
Would be great actually if you can share some of the basic issues or maintenance that required in mostly the engine, for the future buyers?
There's not very much to tell really. It's been routine-serviced every 20,000 as per the schedule. The only issue it's had that I can remember is that it had some symptoms like a MAF sensor failure for a while, basically ran quite rough, wouldn't idle smoothly and was very slowly getting worse. It went into the garage (Porsche Silverstone) a couple of times for them to diagnose but until it got bad enough for the warning light to come on they couldn't find the issue to fix it Would be great actually if you can share some of the basic issues or maintenance that required in mostly the engine, for the future buyers?
I wish I could remember what they said the root cause was now, MAF sensor was my amateur diagnosis... It could have been a crack in the induction manifold?? Can't remember, sorry.Beyond that, it doesn't use any oil, has started first time every time. It does mainly motorway miles so it's easy on its tyres too - think the rears are something like 20,000 and the fronts something like 40,000! It's probably averaged highish-20s MPG. Best I've seen was 36, lowest about 17
The interior's showing no signs of wear (no saggy seats or anything like that). Gear change is still as slick as it ever was.
It's been a cracking car, will be sad to see it go.
Cars are more and more complex so if once you could effectively restore a car with very high miles easily now it's a different matter and people know that. Extended warranties solve that to some extent but many have mileage limits for a reason.
Your spec is so basic that it addresses some of this issues as there's less than can go wrong... but will also put off buyers who want some toys. I would be fine with mileage as realistically 100k miles on motorway will be much better than 20k mile car used on town and track :-) but would definitely be put off by how basic the spec is.
I would think you'd struggle to sell for more than mid 30s
Your spec is so basic that it addresses some of this issues as there's less than can go wrong... but will also put off buyers who want some toys. I would be fine with mileage as realistically 100k miles on motorway will be much better than 20k mile car used on town and track :-) but would definitely be put off by how basic the spec is.
I would think you'd struggle to sell for more than mid 30s
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