Model 996 Turbo Year 2003
Acquired April 2014
The day has finally come… the Turbo is up for sale. After near enough five years I feel the time is right to move on; first it needs to sell. I was not sure what was going on in the world of ‘slightly special but leggy’ Porsche sales, but at the time of writing – nearly two weeks after posting the advert and with just hours to run – I have had two derisory offers and a wrong number.
One involved a part exchange with an Audi S4 and a handful of change, the absolute chancer, and the other was a straight-up-cash offer that fell well short of my target. My question this month is really this: what do you do when your car fails to sell? Blame the market, or your own greed?
I have spent thousands upon thousands on getting this car just about perfect. It has everything you could wish for in terms of both service history and what I would consider choice and tasteful upgrades.
While it does have 96,000 miles now, I have put just over 30,000 on myself. That equates to just 5,333 miles per year since new, which to me seems quite normal and, in fact, a positive. But I would say that.
Perhaps it is the modifications such as the Bilstein B8 suspension and a Quicksilver Sports exhaust that put people off? It shouldn’t – it sounds so much better now, is more comfortable and corners flatter. Still, would I buy a modded Porsche? I might, you know…
I’ve invested in new Michelin tyres all round, new brake discs and pads, a full detail and machine polish a few weeks back, and valet. I had the front end resprayed and the paint is stunning. It’s been given a fresh service and a new MOT! What else can I do?
There is one clear answer: drop the price. I have done that, sort of. I started at £33,000 and have now pushed that down to £32,000! Am I one of the millions of owners who think their car is worth more than it really is? Is that really me?! It is starting to seem more likely.
In my quest to make my car saleable I appear to have spent so much that I can now not part with it for the sort of money people are willing to pay!
Would it have been wiser of me to sell the car for, say, £26,000 with worn rubber, a flashing brake sensor warning, in need of a service and peppered with stone chips? Would anyone have bought it? Probably not, and that’s the issue.
If you drive your 911, consumable parts are going to wear out, you are going to get stone chips; things on old cars break. These are costs I am starting to realise I may never recover. The dreams I had of having a car, finally, that was appreciating have shattered. A 911 I could drive for nothing, I thought! That sadly has just not been the case.
The numbers you hear banded about forums in terms of value in my experience never seem to ring true when my lot comes up. And even if I sold the car for my asking price I would still be down considerably, and that’s after spending £22,500 on the car initially.
Still, what a car it has been, still sending shockwaves to my core and now just about perfect. Maybe I won’t relist it after all.