993 - mileage and values question
Discussion
If condition, history, year, spec etc is identical, then i'm wondering what impact mileage has on prices for the 993.
for example, i've spotted - and am viewing - two cars, one has 78k miles, the other 103k miles. the former is priced at £20k, the latter at £18k. so that's 8p per mile, or £80 per 1000 miles difference!
so which is the better deal?
my instinct is that the lower mileage car would be the better buy, but i'd be interested in what people think about values and mileage.
(Please remember that this is hypothetical - i know there will be differences between the two cars, that they need to be driven inspected etc - so let's not have the Henry F argument all over again!).
for example, i've spotted - and am viewing - two cars, one has 78k miles, the other 103k miles. the former is priced at £20k, the latter at £18k. so that's 8p per mile, or £80 per 1000 miles difference!
so which is the better deal?
my instinct is that the lower mileage car would be the better buy, but i'd be interested in what people think about values and mileage.
(Please remember that this is hypothetical - i know there will be differences between the two cars, that they need to be driven inspected etc - so let's not have the Henry F argument all over again!).
A further variable to weigh up is the psychological impact of a six figure mileage car - it is likely to put off a lot of more casual buyers when it comes to resale.
Of course, that's less of an issue if you yourself are going to put 20K miles on a car that already has 78K on it....
There was a similar thread posted a month or two back on the PCGB 993 register and the concensus seemed to be that each 10,000 miles knocks a grand or so off the asking price. A bit rough and ready, I suppose, but perhaps a reasonable yardstick before you start considering condition, service history etc etc.
Of course, that's less of an issue if you yourself are going to put 20K miles on a car that already has 78K on it....
There was a similar thread posted a month or two back on the PCGB 993 register and the concensus seemed to be that each 10,000 miles knocks a grand or so off the asking price. A bit rough and ready, I suppose, but perhaps a reasonable yardstick before you start considering condition, service history etc etc.
Edited by Lurking Lawyer on Wednesday 18th July 10:22
IMHO different things matter to different people...
Some people will make low mileage their priority, some will prefer more used examples.
Some people buy low mileage and then limit their usage, in contrast some dont make low mileage a priority, because they want to drive the car as much as possible.
It`s all down to what floats your boat in the end, remember some like silver and dark blue cars, some like red or yellow!
Happy hunting...
Some people will make low mileage their priority, some will prefer more used examples.
Some people buy low mileage and then limit their usage, in contrast some dont make low mileage a priority, because they want to drive the car as much as possible.
It`s all down to what floats your boat in the end, remember some like silver and dark blue cars, some like red or yellow!
Happy hunting...
Agree with the above posts. Prices take a downward plunge once the car is over the 100k psychological threshold. If you plan to sell soon then buy a low miler and sell before it nears 100K. If you plan to keep it long term then the 100k+ car could be a good financial proposition.
Finally, not wanting to launch into Henry F's "buy on condition mantra" but do drive them and consider how they feel. These are all ten year old cars with worn out components. A 100k "sorted" example will drive and feel a lot better then a 80k neglected car. The expensive jobs to consider are new clutch -not much change out of a grand, suspension refurbishment - this can cost anything from £500 to £2000 and brakes and discs - £500 for parts.
My 100K+ 993 with much wonga lavished on it now drives a lot better then when I bought it with 80K on the clock.
pp
Finally, not wanting to launch into Henry F's "buy on condition mantra" but do drive them and consider how they feel. These are all ten year old cars with worn out components. A 100k "sorted" example will drive and feel a lot better then a 80k neglected car. The expensive jobs to consider are new clutch -not much change out of a grand, suspension refurbishment - this can cost anything from £500 to £2000 and brakes and discs - £500 for parts.
My 100K+ 993 with much wonga lavished on it now drives a lot better then when I bought it with 80K on the clock.
pp
Assuming they have both been owned by mature people who have serviced them regularly,the mileage difference wouldnt even come into to it for me.I would choose which one i liked better(looks/feel/spec).As said above i bought my 993c2 5 years ago with 72000,it used to tap a bit and smoke a bit(1 litre of oil every 1000 miles).I drive fairly briskly
and its now quiet as a mouse and burns much less oil!
If you like the higher mileage car go for it,you are saving 3-4 years worth of servicing/tyres before youve even knocked them down.
Dan
and its now quiet as a mouse and burns much less oil!If you like the higher mileage car go for it,you are saving 3-4 years worth of servicing/tyres before youve even knocked them down.
Dan
Here is another 993 at what IMHO is a very hopeful asking price.
http://pistonheads.com/sales/192079.htm
http://pistonheads.com/sales/192079.htm
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