996TT Downgrade?
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jonlwright

Original Poster:

1,825 posts

270 months

Wednesday 12th September 2007
quotequote all
I am not putting this on classifieds, as I have not made any firm decision on what to do - but would like some advice / thoughts / recommendations

I p/x'ed my 997 in May with an OPC for a VERY high specced 996TT X50 (was £113K new). 1 previous owner and only 12K miles on an '04' plate for a rather substantial £68K. Sadly, my wife has decided to go part time for a number of reasons, making us need to tighten our financial belts slightly. I have only done 2K miles in it, but given our circumstances the car is an extravegance to say the least.

I am not even going to bother getting trade bids on the car, because I know it will drop me in a world of depression - so I have a couple of choices....

1. Keep it as it is all minted up by the dealer to be as new and I have even negotiated the next service free - and enjoy the car for another year to 'even out' the depreciation over time.
2. Try and sell privately, but it could take some time and I suspect I still will be taking quite a hit - and do people buy cars like this privately anyway?
3. Find someone who is looking to upgrade from something a little cheaper (eg 996C2) where by bypassing the OPCs margin on 2 cars we could agree something more agreeable.

There are some very knowledgeable and sensible people on here and I would be interest to hear your views, as sometimes it is not always easy to think straight with the emotional attachments that I have with my cars!

Cheers, Jon.



rick111s

397 posts

264 months

Wednesday 12th September 2007
quotequote all
sorry to hear the above mate.

i think you can covered all the angled i can think of.

my 2p is to still use and enjoy the car but advertise it at a figure you think the car demands. not even entertain any silly low bids to get you out of the car and also see if you can at some time go for option 3.

if you sell the car without even trying to keep it or find someone who wants to do a swap sort of thing then you might regret it.

hope things work out though.

welshnobby

1,201 posts

274 months

Wednesday 12th September 2007
quotequote all
Agreed with the comments above. Put it on PH classifieds at a price you would be happy with as it won't cost you a penny and continue to enjoy it. I did exactly this and sold mine 996c2 within two weeks to the first person who saw it. A good car will sell. As for there being a market for private purchasers for 60k+ cars....i bought my 996 gt2 privately. People aren't all stupid and some will want to avoid the OPC mark up. The car i bought had done 250miles since the previous guy had bought it from an OPC....quid pro quo....OPC prepped car at private price. It sounds like your car will have the same appeal to a private purchaser. Not long out of the OPC showroom with a warranty. If you could get that next service transfered to the next purchaser then that would be a real selling point. Not sure how the OPC will stand on this, could take some negotiating.

Regards

WN

AL001

831 posts

301 months

Wednesday 12th September 2007
quotequote all
Hi Jon, sorry to hear your predicament. If having the funds is important, I would sell now and get the money back in your account, as long as you get decent price.

Plenty of folks here happy to deal privately on this amount. Personally, I actually prefer buying privately and meeting with the owner, while saving a few bob over dealer prices into the bargain.

I assume you're still under Porsche warranty so that's one worry covered for most buyers.

What colour/spec is it? X50 black/black sports seats with PCM2 seems the most in demand.

jonlwright

Original Poster:

1,825 posts

270 months

Wednesday 12th September 2007
quotequote all
Thanks for your replies.

Spec is endless, but the main points are...

Midnight Blue, Grey soft ruffled leather (not sports seats but the upgraded lumbar seats with full electric and memory) with crests in headrests.
Aerokit, Tiptronic, PCM with Nav and phone, Techno alloys with gold crests.
Bose, 6CD, Large Dark maple kit, Dark maple steering wheel plus dark maple speaker surrounds, dashboard runners, door arm rests etc. etc.
Heated Seats, Leather Visors, Leather Steering column and loads more...

I think the 1st owners was a money no object purchaser ticking every box (nice for us used buyers!). And it does have warranty, new tyres etc plus I had a full 'paint correction' valet with Swissol best of show on purchase.


pikey

7,704 posts

315 months

Wednesday 12th September 2007
quotequote all
Jon,

Will you use it? If so, then 'flattening' the depreciation may be worth it for a year, but if not then I'd try and part company and do something else with the funds.

You can always buy another in the future should circumstances change.

Ben

PS. Leather steering column? WTF!! smile

jonlwright

Original Poster:

1,825 posts

270 months

Thursday 13th September 2007
quotequote all
Yep, it was on Porsche's list when I bought it, leather steering column! All nicely stiched around the column - like I said money no object!

Personally, I think I would have 'slummed it' and gone for normal steering column and visors and stuck a 100 cell techart exhaust on instead!!!

I do use it, so I think I will follow advice, advertise for something I think would be agreeable to me and use it in the mean time. If someone happens to come along with a nice 996C2 Coupe looking to upgrade then it could be problem solved - I am getting corrupted by all this power anyway, I am starting to think it feels a little slow at times, even with the X50 pack, I need to spend more time in my A6 2.0TDI to compensate :-)!


Wanta996(Gotta)

5,622 posts

238 months

Thursday 13th September 2007
quotequote all
Grey Ruffled Leather and Aerokit is off-putting to some and yes, you will get stung on the price if you paid top-dollar for it as the idiot who paid £115K new did.Is the car the X50 upgrade or the Turbo S? The Turbo S models although tecnically the same car seem to be holding there values well at the moment - the main problem is 997 TT prices starting to creep towards £85k and i personally think that all high performance cars are loseing value at the moment.

I would advise to keep it.

jonlwright

Original Poster:

1,825 posts

270 months

Thursday 13th September 2007
quotequote all
To be honest, when I read the spec I wasn't exactly turned on - but when I saw the car I fell in love with it - it is much nicer in the flesh than the spec suggests.

It is a Turbo with X50 power kit - I almost bought an S, but I heard quite a few scary stories about the ceramics needing replacing suprisingly regularly and costing the price of a nice family car to replace!

USS Bozeman

1,084 posts

253 months

Thursday 13th September 2007
quotequote all
Speaking from experience, I recently tried to sell my 02 Turbo (mint, 34k miles, seal greay, manual etc)
The amount of complete time wasters I had to deal with was crazy ! None of them got to see the car or drive it because they were complete time wasters on the phone......a selection of the "best" ones.....

"How fast does it go" Its fast, look up the figs in any mag.
"Is it 4WD" Dear god yes
"Is it faster than my M3" Yes, next question.
"I just crashed my Supra and got an insurance pay out, so I need a new car & fancied a Porsche Turbo" great, just another £40k to find then.
"Never driven a Porsche before, can I come & drive yours" No.
"I am looking to buy in 3 months, can I come over at 8am on Saturday & look at yours" Er....no.
"How much tax is on the screen" [believe it or not that was his FIRST question!]
"Will you take £30k for it" No.
"Can I test drive it for a few hours this weekend" Goodbye.

So, I go to the dealers/Porsche specialists - get a "best" trade in value of about £7k lower then I can expect to get for it by selling it private, so forget that.

For some reason the Turbo seems to attract the test pilots more than perhaps the C2's etc do.

So I just decided to keep it!




Edited by USS Bozeman on Thursday 13th September 09:28

kingmoosa

427 posts

230 months

Thursday 13th September 2007
quotequote all
Can the guy who can afford to spend £115k and tick all the extras really be described as an 'idiot'? He probably earns what the car cost every fortnight!!

cardigankid

8,880 posts

243 months

Thursday 13th September 2007
quotequote all
It sounds a beautiful car. I would sit with it until you get an offer that yopu are happy about. It costs nothing to put it on Pistonheads, wait until a discerning purchaser appears. If you dump it I am sure that you will regret it. Where will you get a nicer car?

jonlwright

Original Poster:

1,825 posts

270 months

Friday 14th September 2007
quotequote all
Thanks to all for the postings, I was in the mindset of keeping it for a year or so, before having to make any decisions - I just wasn't sure if it was just emotional attachments clouding my view - but its nice to see fellow pistonheaders seem to agree! :-)

In the mean time, like you said, no harm in lobbing it on Pistonheads classifieds for a price I would be happy with and just make sure I filter out any timewasters early on.

Jon.

kryten

597 posts

256 months

Friday 14th September 2007
quotequote all
kingmoosa said:
Can the guy who can afford to spend £115k and tick all the extras really be described as an 'idiot'? He probably earns what the car cost every fortnight!!
A few years back a mate got told by his accountant to 'loose some money' from his business so he went and bought a 540i and ticked pretty much every options box (except the towbar!)

Lets face it, if you can afford 100k+ on a car, then the extra few grand on options is hardly going to be of much concern...