This 2004 Porsche 911 Carrera Targa sold for $38,000, and that’s strong money for a car like this, especially considering its high mileage.

Let’s break down what we’ve got here. The 2004 911 Carrera Targa is a blend of classic Porsche design and modern amenities. Under the hood, you have a 3.6-liter flat-six engine paired with a five-speed Tiptronic automatic transmission. This setup appeals to buyers who want a mix of performance and daily drivability. The Midnight Blue Metallic paint and Metropol Blue leather interior make for a sharp aesthetic, but the real draw here is the sliding panoramic roof panel and those 19-inch Carrera S wheels.

Now, onto the price. At 77,000 miles, this car falls into the high-mileage category, which typically brings values down. The auction saw 49 bids, indicating some competitive interest, but the final sale price of $38,000 is a whopping 375% above the fair value estimate of $8,000. That’s a serious markup, especially when you consider comparable sales. While the clean title and the Carfax report can reassure buyers about the car's condition, the price still feels inflated given the mileage and automatic transmission.

The community comments reflect a mix of enthusiasm and skepticism. One user noted, “At that price, there’s still value given what I could tell about its condition,” suggesting some buyers see merit in the details. However, the overwhelming sentiment seems to be that this is a future collectible, which might not be enough to justify the hefty price tag right now.

For buyers on the hunt for a similar Porsche, pay close attention to the mileage and transmission type. High mileage and automatic transmissions can significantly impact resale value, so consider how these factors fit into your budget. Also, keep an eye on the auction trends for these models; prices can fluctuate based on condition and market demand. This Targa is a great car, but it’s crucial to be savvy about what you’re willing to pay in today’s market.

See all Porsche 996 911 Carrera Targa listings on [Friday's Watchlist](https://fridayswatchlist.com/search?make=Porsche&model=996%20911%20Carrera%20Targa).