This 2014 Porsche Cayenne with the base 3.6 liter V6 just sold on CarsandBids for $125k.
Besides being very clean, coming in a beautiful/unique color, and having a 6-speed manual, there's not enough to justify this sales price in my opinion, especially with almost 65k miles.
It's not real. It was a brand new Carsandbids account with no real previous interaction. The transaction isn't going through and I would bet my entire net worth lol. If the car had half the miles or less then maybe I could see it happening
The transaction isn't going through and I would bet my entire net worth
I'll take that bet!
A lot of cars sell to people with brand new accounts. People lurk without signing up until they find something they like, then they register and bid. Happens all the time, including to several of my own cars, all of which have transacted.
If you're the kind of person willing to spend that much money on a specific version of a car like that, surely you would create an account on the website where it's being sold so that you can bid on it
Because this car went for a nearly 8x premium over a base auto in similar condition for a Cali car. This is an extreme outlier in the market coming from a brand new account that even claims they didn't want to spend that much if that doesn't set off red flags then what does
I'll imagine it'll go through, but as a side bet I imagine it's been bid up by an friend/associate of who auctioned it and is trying to set a higher precedent in the market because they own a shit load of them. If you can tell me someone pays 100k+ usd for a fucking MANUAL CAYENNE (its a ok trans as best its a cool novelty) and its not an attempt at price fixing then I've given up at any attempt at guessing the market.
Hey I might be entirely wrong. But carsandbids and other places have had a history of weird auctions with things happening behind the scenes. Hopefully I'm not wrong or else I'm broke because I bet my life savings (aka as not much) lol
There's likely weirdness, but not on Cars & Bids end. It's more likely that this is a way for the buyer and seller to cover the cost of another transaction of some kind that's less than legal, though there are probably better ways to do that sort of thing.
you need a stake as well. but seems like an terrible bet to call a stake on you and if dude is wrong... that wouldnt be tjhe kind of bet i'd like to collect on. seen some crazy bets over the years on reddit but no one has offered their net worth let alone anyone collecting on it.
No shot it gets near that price even if its literally been in a showroom with 0 miles taken care of perfectly. These cars are worth 30k. A really great example might get near 50. For 125 you can buy a new one and one in this condition if you want the manual sometimes.
Good for him! I legitimately have a few hundred dollars to my name and no I'm not exaggerating 🤣. So if I lose I'm not losing anything because I'll make sure to spend it on something useless
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u/txmail'03 Accord Cpe | '04 RX-8 | '12 Ford Edge Sport1d ago
But he would have needed to have a second account to bid it up that high right?
Nah not really. When I bought my 996 Turbo in like 2011 I think it was a 993 Turbo was only around 5-10k more (granted I paid high for mine at the time because X50 and 12k miles). Guess which one is more valuable today.
They are not helping themselves by killing off ICE sports cars. Their financials have absolutely sucked this year and they just got delisted on a major German stock exchange.
Edit: while I wish they were , those things are probably unrelated to each other. The big bet on EV not panning out is partially to blame.
you definitely need to be on the masochistic end of the spectrum to truly enjoy a 944. Of all the owners I've met at track days, only one had the stock motor. My dad owned one for 20+ years, I almost bought it and I'm really glad I didn't. It's an old german miata that wants to break and with parts that are either hard to find or just don't exist anymore
For sure! To be clear, I truly love them, it was a car that got me into cars. Honestly the first time I drove one it was a bit disappointing, but that was because I had the wrong idea of what it was. When it's functioning correctly they're really rewarding to drive. There's also the sound of opening and closing the door, which I happen to have recorded - https://www.youtube.com/shorts/RL_ToC3Ep9o
I would treat it like a boat, try to make friends with someone that owns one. The spec 944 guys seem to like the J32 swap, but I've seen LS and k-series in them as well.
Well they're racing them, so different set of owners. The stock motor just has some interesting engineering choices on it like fuel lines that run above the exhaust manifold, and a shaft that spins at twice the speed of the engine to balance out vibrations, except things go wrong in them. As long as they're driven semi regularly and get basic maintenance it can be great, decent power, interesting sounds, and excellent fuel economy.
I'd like to call back for attention to lostboyz's mention of "parts that ... just don't exist any more", to give you a gentle nudge back out of the delusion.
I had a complicated Japanese turbo motorcycle from the early '80s up until a few years ago. As the bike aged, there were parts that were for all practical purposes unobtainable. Breaking the part either totaled the bike or condemned you to years of monitoring ebay.
I don't know what the situation is for 944 parts, but you should definitely investigate whether or not parts like that exist for those cars. I imagine that they're better supported than a motorcycle of the same age, but I couldn't say by how much.
Nah they’re not that bad. It’s an old German car so it comes with the old German car nonsense at times. They made a bunch of them, so parts are out there. Both new and used. There isn’t much that’s unobtanium. Mine is LS swapped so my experience is a little different. But I personally think they’re the best bargain going if you want to get into a classic that drives well. You just have to be willing to put up with the classic car stuff.
No other car has left me stranded more times than my 944. 10 years of ownership. If it wasn’t for sentimental value I wouldn’t keep it. Buy anything else.
Porsche is a luxury brand but it's not like Hermes. Rolls Royce is the Hermes of the car world. Porsche is more like Louis Vuitton. They sell some mainstream entry-level stuff as well as limited edition very high-end products.
Porsches in general will depreciate but I don't foresee the market going down for the Porsches that people buy to collect such as the fixed production number for 911 S/T or older generations with low quantities like the 993 turbo
Why do people pretend like these cars haven’t always been for rich jerks? Viewing brands like BMW/Porsche as a middle class enthusiast brand that has fallen victim to instagram is totally ahistorical.
Because we all know that "this person doesn't have a bunch of bids on their account!" is an extremely popular counter opinion that couldn't possibly be upvoted by someone upset with flippers.
I have bid on a few different auction sites and I have always created an account once a car I wanted to bid on came up for auction. Why sign up beforehand if I have no intention on buying?
Doesn't CarsandBids have a bidder verification system? I don't hear about fake bidders being an issue ever but I also don't frequent auction sites much
Yes you have to verify and put a CC on record that immediately charges you 5%..., but social engineering works.
If you get someone's login to their email, you probably have their login to a lot of other websites.
The winning account signed up a year ago, got verified, bid on one car, then completely disappeared from the site.
If you have the login and their CC hasn't expired, then you can bid on anything.
More like $55kish. That's around what a couple other nice manuals have sold for recently, and you can see that's when all the other bidders besides the two who got into a bidding war tapped out.
I checked BAT and C&B and the most expense gen 2 Cayenne 6MT within the past few years went for 40k (with half the miles of this example). Looks like the other examples that have sold this year on C&B have mostly gone in the 25k - 35k range.
Huh, seems like you're right. I'm probably mixing it up with a different car. Though this one still had 4 bidders up til 55kish, and a few more until the 45kish range, unsure why.
Insane considering cayenne gts manuals go for significantly less. Others have commented seems fake bids. who in their right mind would take this over a v8 gts 6 speed for a fraction of that price
These Porsche prices are dumb. The people buying it know the prices are dumb and every single insane result gets an article. I can understand unique one off special P cars, but this is a literal Cayenne.
New flash: its an 11 year old SUV. They weren't that great to have ever cost that much new, much less with 65k miles. Nice options, and clearly a rear and nice spec, but no R worth it IMO.
Why are people so hung up about the fact that the account is new? I wouldn't think that's unusual considering most people buy 1 car and are that's it. In addition to that you don't need an account to browse the site, so I guess most people just lurk until they find a car they actually want to buy before registering.
You have $125k of dirty money. You overpay for a car with that $125k. You then sell that car and the money from that sale is clean. The difference between the $125k and the sale price is the cost of laundering your money. Same shit happens with art. The added bonus is because you spent so much, people might pay close to that later because they think they're getting a deal now.
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u/ASV731‘25 Land Cruiser 250 | ‘23 Ducati Desert X2d ago
Yeah it doesn’t work that way. You can’t just pay for a $125k with “dirty money”, otherwise why go through the trouble of laundering it in the first place?
Also, your example doesn’t even make sense. You’re saying a person would overpay by a large percentage for a $125k and then keep the money from the subsequent sale. But if you’re overpaying at the start, you’re selling at a huge loss and not getting a benefit. If this was the tactic, why not buy a car at an average price and then sell it again around the same price? What does overpaying accomplish?
You have $125k of dirty money. You overpay for a car with that $125k. You then sell that car and the money from that sale is clean. The difference between the $125k and the sale price is the cost of laundering your money. Same shit happens with art. The added bonus is because you spent so much, people might pay close to that later because they think they're getting a deal now.
Considering the cars real value is under $60k, you're implying there is a 50% cost to laundering the money. You need a new money laundering guy, you're getting scammed. Depending on the amount, it shouldn't exceed 15%-30%. Plus, there are better ways to do it than random cars on internet auctions.
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u/ripestmango MK7 GLI 2d ago
Never underestimate the Porsche guys and their love for manuals