[Cillacede]

I have a CPO 2017 718 base model, which I love and purchased for a steal in December. It had no upgrades and is manual ( my main must-have). However, truth be told, it doesn’t have all the things I want. It’s black on black, which, while classic, feels constantly dirty on the outside ( we live in a very dry dusty place). I would prefer white, silver, or agate gray. It also only has 2-way seats and standard climate package. It’s very hot where I live and I’d prefer non-black interior and seat ventilation. Long story short, I have been eyeing other Caymans. I did a Kelly Blue Book instant cash offer yesterday and the offer that came back is as much as I paid for the car ( minus taxes, tags, and fees). I’m thinking of selling, which would give my about $11k to put toward a new car that has what I want. Im thinking of ordering new. While I’m waiting for the new car, I’ll have the extra cash around instead of paying for the car.

Question is: should I sell now with excellent trade-in offer or hold on and pay off some more but risk further depreciation? As I’m writing this, the answer feels like it’s becoming more apparent. Thoughts?

 

[MR69 ALB]

A bird in the hand...

Non Brainer for me financially speaking

Cheers Andrew

 

[Grozk17]

Always better to get what you want rather than “settling“ which leads to dissatisfaction over time and ongoing attempts to make the current car into the one you really want (while this can be fun, some things are not possible like your climate control, etc).

Regarding timing of selling your current car, it is worth more today than tomorrow (or next month). From your post, I infer that you have financed the purchase and unless you got a no interest loan, you have the cost of money in addition to depreciation costs.

Strictly from a financial point, I would unload your current car and order what you want. The only caveat being that you have another vehicle for the interim. Be aware, that (a) you will spend more (option list is very compelling); (b) the wait is great fun; (c) delivery day is very nice (do it at PEC if possible).

I don’t know the current allocation/production status, but it may be prolonged, so I would check that aspect as well.

Good luck.

 

[Third]

I have a CPO 2017 718 base model, which I love and purchased for a steal in December. It had no upgrades and is manual ( my main must-have). However, truth be told, it doesn’t have all the things I want. It’s black on black, which, while classic, feels constantly dirty on the outside ( we live in a very dry dusty place). I would prefer white, silver, or agate gray. It also only has 2-way seats and standard climate package. It’s very hot where I live and I’d prefer non-black interior and seat ventilation. Long story short, I have been eyeing other Caymans. I did a Kelly Blue Book instant cash offer yesterday and the offer that came back is as much as I paid for the car ( minus taxes, tags, and fees). I’m thinking of selling, which would give my about $11k to put toward a new car that has what I want. Im thinking of ordering new. While I’m waiting for the new car, I’ll have the extra cash around instead of paying for the car.

Question is: should I sell now with excellent trade-in offer or hold on and pay off some more but risk further depreciation? As I’m writing this, the answer feels like it’s becoming more apparent. Thoughts?

White will show dirt as fast if not faster than black. I've owned both, and both are a nightmare when it comes to showing dirt. Silver or gray is definitely the way to go if that's an issue. My first Cayman was a base with 2-way seats and lacked automatic climate control. The only true complaints I had with the car were the seats and temperature control. Sound familiar? I sold it about 2 years later to buy an S. Two of the items on my short "must-have" list were power seats and automatic climate control. At least they were a good excuse to trade up!

 

[Third]

Always better to get what you want rather than “settling“ which leads to dissatisfaction over time and ongoing attempts to make the current car into the one you really want (while this can be fun, some things are not possible like your climate control, etc).

Regarding timing of selling your current car, it is worth more today than tomorrow (or next month). From your post, I infer that you have financed the purchase and unless you got a no interest loan, you have the cost of money in addition to depreciation costs.

Strictly from a financial point, I would unload your current car and order what you want. The only caveat being that you have another vehicle for the interim. Be aware, that (a) you will spend more (option list is very compelling); (b) the wait is great fun; (c) delivery day is very nice (do it at PEC if possible).

I don’t know the current allocation/production status, but it may be prolonged, so I would check that aspect as well.

Good luck.

I agree with all of this though I would stick to the used/CPO market if possible. It's relatively easy to find a car if one's requirements are few (and most cars have automatic climate and 14-way seats at least), so this will cut down on the wait time dramatically. Just finding a new-car allocation can be challenging! And when cost matters, it's hard to argue that the value play isn't in the used market.

 

[gatorfast]

Absolutely sell now no questions asked if you want to get rid of it.

 

[DriveInHouston]

Sell now, sell fast, get a car which meets or exceeds your minimum requirements.

When I traded in my Mustang GT, KBB was not competitive. The best offer, with no commitment to trade it in for a new Ford, was from a Ford dealer that I was using to service the Mustang. The second best ($1000 lower) was from CarMax. A friend (who recommended CarMax) sold his Mustang GT to them for an unbelievable price. The Porsche dealer offered $6k less than the Ford dealer, but when I showed them the written offers from Ford and CarMax, they changed their tune and matched the lower (CarMax).

You may wish to shop around for a good offer for your existing car, before you go to the Porsche dealer.

 

[Cillacede]

Thanks for the replies everyone, this is very helpful. We do have another car , so transport won’t be a problem. I feel guilty about off-loading the car so soon after I purchased but in all honesty I’ve been pining after something else for a while so best not to waste any more time; sell, shop, and get what I want.

When I purchased the car in the winter, it had pretty new summer tires, which I quickly replaced with all weather tires for the winter. I still have the summer tires which I used for a month maybe. Can I also bargain for the sale of both sets of tires when I trade in?

 

[gatorfast]

I highly doubt any dealership would buy a set of tires from you. Private party certainly but not a dealership. If trading in, I would suggest putting the summer tires back on since that is what the car comes with and what a buyer would expect.

 

[rasetsu]

Sell it now with that nice offer you were given. Cut your losses, which appear to be minimal, instead of making further payments on something you keep looking away from. Put the summer tires back on and sell the winter tires private party. The dealer isn't going to want the extra tires.

 

[jiffy]

Selling for what you paid is a win/win. Try the online dealerships like Carvana or Vroom to get easy offers on the cayman.

 

[PDM5]

I agree with others to sell the car now. Not having a fun car is going to suck for a while, but only buy a different car when EXACTLY what you're looking for comes across your path. There are some "non-negotiable" requirements I have where I'll x-out a seemingly well optioned car if it's missing an option I want because down the road, I know I'm going to kick myself for settling. This isn't a 15 grand get from point A to point B beater car we're talking about.

Also, I have to disagree on white showing dirt. Nothing beats silver (and it's not even close!), but white isn't too bad. I will never ever ever ever ever ever ever ever ever own a black car again. What a maintenance nightmare!

Best of luck OP!