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Porsche 911

2048 messages,  Last post on Aug 31, 2009 at 9:15 AM

You are in the Porsche 911 Forum. Your Host is claires

What is this discussion about? Porsche 911, Porsche Carrera GT, Coupe, Convertible


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#1789 of 2048
Re: New or Used Porsche??? Lease or Own? Tips for Buying? [madmanmoo] by habitat1
Mar 18, 2008 (1:00 pm)
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Replying to: madmanmoo (Mar 18, 2008 11:21 am)

Not to get in the middle of your "negotiations" with gtmaguire, but how in the world is your "idea" a better deal for him??
 
He has been offered a $15k discount from MSRP on a heavily optioned ($15k+ of options) NEW leftover 2007 C4S Cab. I'm not sure what options your base (non-S) C2 Cab has on it, but the base MSRP on that car was under $83k new and most of the ones I have seen are lightly optioned compared to the C2S or C4S models. Assuming your car had $7-10k in options, it may have stickered for around $90-$93k.
 
I don't know about you, but from a "value" standpoint, I'd much rather have a new car with a $15k discount and break it in myself than get a $7-10k discount on a used car with 4,400 miles on the odometer.
 
Absolute price constraints aside, you'd have to offer him that used C2 Cab for something like $70-73k before it was a competitive deal to the $15k discount on a new C4S. Don't get me wrong, if you can get $83k for a used car that only stickered for about $90-92k, I'd be the first to congratulate you. It means my C2S cab may be worth more than I thought.
#1790 of 2048
Re: New or Used Porsche??? Lease or Own? Tips for Buying? [habitat1] by gtmaguire
Mar 18, 2008 (4:25 pm)
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Replying to: habitat1 (Mar 18, 2008 1:00 pm)

Thanks for both of your posts. I need more information from Moo about the 07' The host can forward your information to me. Where are you located? The price seems high unless there are some very nice options. Based upon what I want options wise I can get a new for about 9k more. You may have seen my posts and see where I stand on price.
 
Hab,
 
So you think the C4S is a decent deal? I e-mailed the dealer for the options package to get a better idea on the car. Only down side is, it is not the color I like. I wanted midnight blue......
#1791 of 2048
manual or automatic? by gtmaguire
Mar 18, 2008 (4:35 pm)
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As an aside to my other questions.
 
What about triptronic? I have had five manual cars and I am honestly getting a little sick of driving in traffic with the manuals. I know the whole spirit of the man and machine melding stuff that you get with the stick, I do enjoy the responsive nature of the stick, but it is getting a bit old with me. I was just wondering if going with the automatic isn't such a bad idea. I also thought I read an article that the automatic is actually a faster car anyway. And this car is going to be a daily driver for me in very heavy Long Island Traffic.
#1792 of 2048
Re: New or Used Porsche??? Lease or Own? Tips for Buying? [habitat1] by madmanmoo
Mar 18, 2008 (6:50 pm)
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Replying to: habitat1 (Mar 18, 2008 1:00 pm)

Hehehe.... Ok. Everyone has an opinion. I'll discuss the particulars with gtmaguire.
 
-moo
#1793 of 2048
Re: manual or automatic? [gtmaguire] by madmanmoo
Mar 18, 2008 (6:51 pm)
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Replying to: gtmaguire (Mar 18, 2008 4:35 pm)

I'm in GA. You can click on my name and access my e-mail through there. I can send you pictures through e-mail and the options list. It really is an outstanding vehicle.
 
-moo
#1794 of 2048
Re: New or Used Porsche??? Lease or Own? Tips for Buying? [madmanmoo] by habitat1
Mar 19, 2008 (3:32 am)
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Replying to: madmanmoo (Mar 18, 2008 6:50 pm)

Hehehe back, if you feel uncomfortable justifying an asking price of $7-8k under original MSRP for a 1+ year old used C2 Cab. I'd have a tough time explaining that one with a straight face myself, since the car probably sold for about that price brand new.
#1795 of 2048
Re: New or Used Porsche??? Lease or Own? Tips for Buying? [gtmaguire] by habitat1
Mar 19, 2008 (4:21 am)
Reply

Replying to: gtmaguire (Mar 18, 2008 4:25 pm)

I think the new C4S discount of $15k off MSRP is a decent deal, only if that's pretty darn close to exactly the car you want. Personally, I am not a fan of the "4" over the "2". It provides better wetweather traction, but at the expense of more added weight and a less responsive feeling and initial acceleration. Not to mention that it adds $6k to the price and decreases fuel economy by 5-10%. I have driven both and prefer the C2S to the C4S, but that is "opinion".
 
However, the "alternative" Moo has offered you is absurdly priced. The MSRP of brand new 2008 911 C2 Cab is $83,800. Control yourself on the options to the tune of $8,000, negotiate a discount of $7,000 +/- and bingo, you are in a brand new 2008 for under $85,000 - in your color choice, with your options, that you can break in yourself. You'd have to be nuts or worse to buy a (potentially) 1.5 year old one with 4,400 miles for nearly the same price. I'd want to save at least 15-20% going the used route over new.
 
I am not picking on Moo. The dealership that I have my car serviced at is just as greedy, when it comes to used cars. Thanks to the internet, everybody knows the facts on new cars - MSRP, invoice, etc. Dealerships have been knocked down to making $5k-7k or less +/- on a brand new car. But on used cars, the sky is the limit, if they find a desparate seller and a buyer with more dollars than sense. That C2 that Moo is offering for $83k. My guess is that the dealer gave the owner $65k or less for it on trade. If I'm wrong, have him fax you the signed paperwork.
 
Lastly, if you do go the used route, consider dealers as well as private sales, but don't get duped into thinking a Porsche certified extended warranty is your only protection.. It does NOT cover everything, excluding things like electronics, nav systems, "cosmetic" items, etc. I learned this speaking with Porsche NA customer service, when I inquired about getting an extended warranty on my car. He indicated that the extended warranties offered through some of the private carriers are more inclusive than Porsche's. The Porsche warranty is effectively the company's way of supporting the dealers trying to sell used cars for top dollar.
 
Good luck, and don't let emotions get in the way of financial prudence.
#1796 of 2048
Re: New or Used Porsche??? Lease or Own? Tips for Buying? [habitat1] by madmanmoo
Mar 19, 2008 (6:23 am)
Reply

Replying to: habitat1 (Mar 19, 2008 3:32 am)

Hab, you're way off. I'll check when I get into work, but IIRC the original MSRP was 111k.
 
I don't feel uncomfortable about asking for profit at all. That's kind of my job. We have to find the right vehicle for our friend first though. Let's work on that.
 
-moo
#1797 of 2048
Re: New or Used Porsche??? Lease or Own? Tips for Buying? [madmanmoo] by bpm69
Mar 19, 2008 (7:39 am)
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Replying to: madmanmoo (Mar 19, 2008 6:23 am)

$111M for a C2 cab, not unless it had some crazy options.
#1798 of 2048
Re: New or Used Porsche??? Lease or Own? Tips for Buying? [madmanmoo] by habitat1
Mar 19, 2008 (7:44 am)
Reply

Replying to: madmanmoo (Mar 19, 2008 6:23 am)

but IIRC the original MSRP was 111k.
 
If that's the case, they need to open a new asylum in Atlanta. $30,000 worth of options on a base C2 Cab wouldn't just be crazy, I think it's damn near impossible. The highest price I saw for a C2S cab when I was shopping was $109k and that was with a custom to order color and full custom color leather interior. Anything over the basic $8k or so worth of options is heading towards a complete waste of money, new, used or repossessed.
 
As for you asking for a profit, I agree - you shouldn't feel guilty about that in the least. I'm certainly a believer in free marekt capitalism. I was just pointing out to our "friend" that he needs to be extra prudent in assessing a used car deal. A new C2 or C2S cab is the same whether you buy it in Atlanta, DC or Timbukto. But every used car is a little different in mileage, condition, etc. And from what I can tell, some dealers try to make up for their diminished bargaining power on a new car by overly aggressive pricing on a used car. If one Porsche dealer is charging $3k, $5k or $7k more for the identical new car than another dealer, it's easy to figure that out quickly, as I did in 2005. But, as best I can tell, it's damn near impossible to get a consistent fair market value for a used 911. Edmunds, KBB and others don't even list half of the options on my car. It's a throwback to the, "Come on in and we'll talk about price" days before the internet.
  

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