have 997 gen 1 prices gone up?

[philcray]

I have had my 07 plate 997 c2s gen1 tip for 7 years now and thinking of selling, I hadn't looked at the ads for a while and was thinking probably worth about £26k and maybe take an offer. Having checked pistonheads & autotrader, prices seem to be closer to £30k for a good one. This sounds good to me(!) but is anyone buying at these prices? Mine is good spec inc Porsche Sports Exhaust, sports design wheels, full OPC service & Porsche warranty till August 16.

[S1MMA]

philcray said:

I have had my 07 plate 997 c2s gen1 tip for 7 years now and thinking of selling, I hadn't looked at the ads for a while and was thinking probably worth about £26k and maybe take an offer. Having checked pistonheads & autotrader, prices seem to be closer to £30k for a good one. This sounds good to me(!) but is anyone buying at these prices? Mine is good spec inc Porsche Sports Exhaust, sports design wheels, full OPC service & Porsche warranty till August 16.

Don't want to burst your bubble, but whilst prices of most desirable cars have firmed in the past 2 years, I don't think an early 997 tip would have gained much, maybe a bit. But then boggo E46 M3's for example have also firmed a bit. Examine all the adverts for cars for sale currently, get some trade bids (these will be very st due to the car being a tip), and then price accordingly and make a good advert with good pics.

[jakesmith]

Prices on every model have firmed up or slightly crept up in the last year or so. So many models have become unobtainable, that even the more basic ones have become more sought after.
Mine is a 997 C4S cab so hardly the purists choice but I could get back almost what I paid for it 3.5 years ago if the current ads are any indicator

[mollytherocker]

Prices are certainly firm, maybe swelled a little.

I dont see that changing any time soon.

[037]

Have you tried WBAC? Just interested as my dad has just been offered 11.5k for his 54 non s tip 997!

[mollytherocker]

037 said:

Have you tried WBAC? Just interested as my dad has just been offered 11.5k for his 54 non s tip 997!

Hardly relevant. Those guys have propagated the biggest con in automotive history.

I had to sell my dads car due to illness. The nissan dealer bought it cash for more that those jokers!

[WindyM]

Have a look at a new app called Patina (no association). It allows you track prices (it uses advertisement prices).



Here (in red) you can see the car I am in (997.2 Targa 4S) has stayed pretty level. The green line is the 997.2 GT3 that I would like to be in... How asleep was I in March 2015?!

[zulash]

mollytherocker said:

037 said:

Have you tried WBAC? Just interested as my dad has just been offered 11.5k for his 54 non s tip 997!

Hardly relevant. Those guys have propagated the biggest con in automotive history.

I had to sell my dads car due to illness. The nissan dealer bought it cash for more that those jokers!

I beg to differ... my daughters fiance recently sold his 60k '54 plate 997.1 c2s to wbac for £19k. Reasonable you may think.... apart from the fact the engine was f#cked! (bore scoring). He was quite happy with the sale. Not to sure about the future purchaser.... wherever they take them..auctions presumably.

[av185]

zulash said:

I beg to differ... my daughters fiance recently sold his 60k '54 plate 997.1 c2s to wbac for £19k. Reasonable you may think.... apart from the fact the engine was f#cked! (bore scoring). He was quite happy with the sale. Not to sure about the future purchaser.... wherever they take them..auctions presumably.

Were WBAC aware that the engine was goosed?

[YoungMD]

So I think prices have kind of divided, as they do and because of the engine issues. So you get dealers asking pretty fancy money for them and people willing to pay for it, and private sellers having to take a bit of a bath especially if the mileage is a bit high or something.

However not all dealer cars are great and not all privates cars have engine issues. I think if you buy privately, get all the checks done + engine scope then you can get a pretty fine bargain, especially compared to g2 cars

[Dave Thornton]

av185 said:

zulash said:

I beg to differ... my daughters fiance recently sold his 60k '54 plate 997.1 c2s to wbac for £19k. Reasonable you may think.... apart from the fact the engine was f#cked! (bore scoring). He was quite happy with the sale. Not to sure about the future purchaser.... wherever they take them..auctions presumably.

Were WBAC aware that the engine was goosed?

I've had useful experience of WBAC on 2 other cars which I will share:

1. My Discovery 3 - 2004, 158k and condition in line with both - their online bid was £5100. I took it in and they marked each panel down by £20 here and £30 there for stone chips etc, did a test drive which comprised of 2 metres forward then back. Their final bid was £3900 - this included a legitimate deduction of £200 for a large dent which I had an estimate of £700 for. They also didn't test the air suspension which I knew required a new pump at £700. But they did deduct £200 as they believed it to be a European import on the basis that 1 data field was missing from the V5. When I said that my mechanic had offered £4800, they did increase to £4100. But I took the £4800. I read somewhere that 96% of sellers don't get their online bid. So my conclusion here was that a car that was in very good condition with the bodywork, but had mechanical issues, might be a candidate for WBAC.

2. Just bought a Mini Cooper convertible privately and used the WBAC website to judge 'base' value. The car I bought was 20% over WBAC value. WBAC bids seem to be more generous on lower mileage e.g. 2 identical cars but 1 with 22k and 1 with 56k - the difference was £1300 but in the real world more like £800. So if you're selling with low mileage, it becomes more attractive. Their website is useful to get a 'base value' for comparative purposes between cars.

However, I would never use them for real, unless I had a concours-winning car with 1 mile on the clock and a major mechanical issue.

[av185]

Dave Thornton said:

av185 said:

zulash said:

I beg to differ... my daughters fiance recently sold his 60k '54 plate 997.1 c2s to wbac for £19k. Reasonable you may think.... apart from the fact the engine was f#cked! (bore scoring). He was quite happy with the sale. Not to sure about the future purchaser.... wherever they take them..auctions presumably.

Were WBAC aware that the engine was goosed?

I've had useful experience of WBAC on 2 other cars which I will share:

1. My Discovery 3 - 2004, 158k and condition in line with both - their online bid was £5100. I took it in and they marked each panel down by £20 here and £30 there for stone chips etc, did a test drive which comprised of 2 metres forward then back. Their final bid was £3900 - this included a legitimate deduction of £200 for a large dent which I had an estimate of £700 for. They also didn't test the air suspension which I knew required a new pump at £700. But they did deduct £200 as they believed it to be a European import on the basis that 1 data field was missing from the V5. When I said that my mechanic had offered £4800, they did increase to £4100. But I took the £4800. I read somewhere that 96% of sellers don't get their online bid. So my conclusion here was that a car that was in very good condition with the bodywork, but had mechanical issues, might be a candidate for WBAC.

2. Just bought a Mini Cooper convertible privately and used the WBAC website to judge 'base' value. The car I bought was 20% over WBAC value. WBAC bids seem to be more generous on lower mileage e.g. 2 identical cars but 1 with 22k and 1 with 56k - the difference was £1300 but in the real world more like £800. So if you're selling with low mileage, it becomes more attractive. Their website is useful to get a 'base value' for comparative purposes between cars.

However, I would never use them for real, unless I had a concours-winning car with 1 mile on the clock and a major mechanical issue.

This is reflective of where the WBAC stuff ends up.....in BCA.

Traders aren't particularly bothered about mechanical issues....what the eye doesn't see most punters won't notice so vehicles with bodywork issues will generally take much more of a hit in the auction than those with mechanical issues hence the higher bids.

Concerning the lower mileage vehicles WBAC can afford to bid seriously strong and often over book money for even hum drum run of the mill but low mileage stuff on the basis that when the car goes to auction traders will be fighting over the car with a correspondingly higher price obtained.

[philcray]

I have bought a number of quite expensive (£20-30k) cars privately over the years, most dealers have no idea of the provinence of their vehicles, as long as it drives from the WBAC/BCA transporter to the forecourt it is good to go. At least privately you can look at the owner and get a feel if they have looked after the car, as long as HPI and log book all stack up, the risk is minimal in reality. I won't deny that transferring all that money to a private individual does give a few nervous moments, especially as they could have sold the same car to 3 other people! Never had a problem so far.

[mickk1]

Totally agree. I bought my 997.1 C2S from a dealer on the understanding it came with a full 12 months labour and parts warranty. Moreover this warranty can be extended for further two years - peace of mind motoring for what are specialist sports cars.

anonymous said:

[redacted]

[Hugo911]

Funnily enough when I sold my 997.1 back to the dealer last year after 2 great years and 20k miles added to the clock... he was able to advertise it for sale for MORE than I paid him for it in 2013! That is mind boggling indeed

[Hugo911]

Paddy_N_Murphy said:

Indy dealer I assume ? ?

Yep one of the most prominent independent Porsche specialists. Great business to be in really as I imagine his margins increase as prices rise but his buy in price surely doesn't increase! Can't exactly begrudge him when people are paying more for older cars with more mileage than they were 2 years ago.

[philcray]

advertised the car at £27,750 and sold for £27,500 to a chap who lived down the road from me, a good buy for him as definitely one of the best specced and condition 997's on the market, at any price... will probably be worth more in 2 or 3 years time....!