Ques: How to value a car to sell | FerrariChat

Ques: How to value a car to sell

Discussion in 'Porsche' started by Alcav5, Jan 26, 2014.

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  1. Alcav5

    Alcav5 F1 Rookie
    Rossa Subscribed

    Jul 28, 2012
    4,082
    Scarsdale, NY
    Full Name:
    Al
    I am testing the waters on selling my '11 turbo S, 38K miles.

    I have looked at the a few of the major "for sale" web sites, blue book and nada to get an idea on how much to ask but I wonder if there is another / better web site or metric to go by.
    Just last week I listed it on one of them and it comes up as the lowest price car in its category. No inquiries yet though except for a scammer.

    So do I just have to wait and be patient or is there a better way to get a feel for the market?
    Opinions?

    Thanks,

    Al
     
  2. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,596
    Gates Mills, Ohio
    Full Name:
    Jon
    There's no one right answer, but I sold my 993 on eBay for my "Buy it now" price. It generated a lot of interest in 4-5 days. To set the price, I did what you did and looked at what Marshall Goldman, Michael Willhoit and Motorcars were typically asking at the time (this was back in 2004, before 993s were pseudo-collectibles) and priced it at retail. You might also check DuPont Registry, which has long lists of modern cars to compare against.

    I've actually gotten to the point where I dislike selling cars and usually go through an agent. Not keen on random people coming over to the house, or even meeting up in a parking lot, for obvious reasons.
     
  3. Alcav5

    Alcav5 F1 Rookie
    Rossa Subscribed

    Jul 28, 2012
    4,082
    Scarsdale, NY
    Full Name:
    Al
    I agree.
    How do I find an agent or do you mean wholesaler. Or are you referring to a dealer if trading-in?

    A car salesperson told me to figure 20% deduct from what I paid last year.
     
  4. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,596
    Gates Mills, Ohio
    Full Name:
    Jon
    Michael Willhoit in Springfield, MO, handles low mileage Porsches, matching cars to his customers' want lists. He sourced my 993 from a seller in Michigan -- not sure what his cut was, but I sold it later for what I had paid for it. You might see if he can assist you and what it would cost.
     
  5. nerd

    nerd F1 Rookie

    Oct 12, 2003
    2,535
    Coronado, CA
    Full Name:
    RSK
    I've acquired and sold Porsche, Ferrari and Jaguars by using a well connected independent mechanics as my "agent". When selling I propose a minimum price with a $2-3K commission. If the market value is unclear (broad range due to age, condition, etc.), I'll offer the $3K plus a sliding scale which whereby they collect a increasing share of a higher sale price.
     

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