Sold the Car - Privately...
Discussion
Adam B said:
CUE99T said:
He is the only Porsche dealer here talking to us is he not?
He is not but that does not lessen the value of his and the other dealers' contributions here.
Well Adam, not knowing them by name is maybe my downfall but over the last few weeks haven't heard anyone assicated with any Porsche dealerships in retail market talking here.
IMO Henry makes a decent contribution to here whenther we like his posts or not. I persoanlly have had quite a few comments in my -ve favour so trust me he's not my favourite poster ... ha ha
CUE99T said:
Well Adam, not knowing them by name is maybe my downfall but over the last few weeks haven't heard anyone assicated with any Porsche dealerships in retail market talking here.
weltmeister, hartech, jwb etc (was even an OPC a while back)
CUE99T said:
IMO Henry makes a decent contribution to here whenther we like his posts or not.
agreed 100%
Adam B said:
to Henry - your site provides a very useful resource for warning of selling pitfalls, its the onus put on them by dealers that I believe is over-stated (witness the immediacy of your reply to a thread re. a successful private sale)
The immediacy of my posting was as a result of this
paracetamol said:
and pokes a stick into the eye of Henry et al.
Henry
Fidgits said:
Hey Mark, so the bids were 10-15% off what you got privately?
Was this a straight 'sell' or a trade-in?
It was a bid for the car as a straight sell, Although I suspect there's not much in it even if I was 'trading' against another car..... Was this a straight 'sell' or a trade-in?
henry-f said:
You sold the car for 40k, your best bid in the trade was 37k so where does 20-25% discounted trade bids come from, that looks like 7.5% to me. Yes, some of the trade value certain cars differently and have some cars they aren`t the best buyers of, other cars that form their "key" stock will attract better bids.
Henry
Sorry to say it Henry, but your mans bid was in the £34/35k region. Factor in that (from looking at your website) you would retail the car at £44kish and the figures don't look too promising. Henry
The gauling thing about the bids, is that they don't really give too much credit to the really nice cars - Mine 'was' an absolute corker - OPC Warranty, with good miles, and absolutely stunning condition - Preparation costs, maybe £500 at a push.
So all I can say is 'Good for me', and good for the chap who now has the pleasure of my old car.
I have nothing against dealers - I purchased the car from Sterlings, and a thoroughly pleasant experience it was too. I just don't like to be getting shafted from both ends.....
silver993tt said:
ah, group hug guys 
Dealers/garages only post on here to promote their business fullstop.
I'd be happier if they were honest enough to admit that but they don't seem to be IMO.
Dealers/garages only post on here to promote their business fullstop.
I'd be happier if they were honest enough to admit that but they don't seem to be IMO.
yeah group hug....lol
I have never even met Henry, but I agree on your post above but also disagree, as I think when you run a garage for retail that has a decent level of stock such as Henry does he MUST have a liking for the car chat too about them.
I think Adam mentioned some other garages but they all look like mechanical garages to me that do know alot about them but are not really in the retail space. I mean between the couple he mentioned above Henry has more alone than that in stock.
Just an honest outsider view. But I do agree they are here to make business contacts no doubt.
mbutchers said:
I have nothing against dealers - I purchased the car from Sterlings, and a thoroughly pleasant experience it was too. I just don't like to be getting shafted from both ends.....
Mark it's a common scenario when you buy retail, and then try to 'trade' out of car for cash.
I did it twice and lost 20-25k a car on my 355 and 360 and they had all the prep needed done already for the private sales.
I have tried to explain numerous times to people before they buy a car think of the exit criteria or strategy but I just got shot down in flames, hence why I stopped posting on another forum (Club Scuderia) as they always though I was being negative to prices but I was only telling them the ineviteable scenario and unfortunately until your in that sceranrio it seems bad of someone to post what your worst outcome could be. I think privately 40k is th top of the private market anything else over that and people goto a garage. The ceiling might even be lower but as you've proved it maybe it is 40k.
Unless the car was a rare beast like a collection car, then people after 40k goto a garage IMO. Mayeb thats where the traders think they have a nieche market?
Edited by CUE99T on Tuesday 16th January 12:56
Think we should all look to ourselves before knocking all dealers. So someone advertises their car for £40k, doesn't like the fact that a dealer offers them £35k and doubly doesn't like the fact that said dealer may then try to get £45k. What's the prob with that - nothing stopping you from sticking it up for £45k yourself and seeing what happens (btw not refering to original poster here). If there was a perfect 996GT3RS up at £50k would we all be round there telling the owner he could get more for it or would it be a race to see who got there first.
Congrats on a smooth sale btw!
Congrats on a smooth sale btw!
Edited by Pugsey on Tuesday 16th January 13:02
Paul - I agree. The last two cars I sold, went privately. One was a £41k CSL and then the Porsche. I tried to sell my GT2 privately, but it was a no go. I guess at that kind of money, people want a bit of back-up in the event of any disasters.
Trying to find something now that won't sting me quite as much.
Trying to find something now that won't sting me quite as much.
mbutchers said:
Sorry to say it Henry, but your mans bid was in the £34/35k region. Factor in that (from looking at your website) you would retail the car at £44kish and the figures don't look too promising.
The gauling thing about the bids, is that they don't really give too much credit to the really nice cars - Mine 'was' an absolute corker - OPC Warranty, with good miles, and absolutely stunning condition - Preparation costs, maybe £500 at a push.
So all I can say is 'Good for me', and good for the chap who now has the pleasure of my old car.
I have nothing against dealers - I purchased the car from Sterlings, and a thoroughly pleasant experience it was too. I just don't like to be getting shafted from both ends.....
The gauling thing about the bids, is that they don't really give too much credit to the really nice cars - Mine 'was' an absolute corker - OPC Warranty, with good miles, and absolutely stunning condition - Preparation costs, maybe £500 at a push.
So all I can say is 'Good for me', and good for the chap who now has the pleasure of my old car.
I have nothing against dealers - I purchased the car from Sterlings, and a thoroughly pleasant experience it was too. I just don't like to be getting shafted from both ends.....
Your best bid was £37k, our bid was around £35k as a guess unseen. As I said earlier sometimes we see cars differently, (the bid of 37k was a great bid by the way). We wouldn`t be asking £44k for the car, I`d have thought we`d have the car up for £40/42k on our two prices. I think you did well to get £40k for the car privately (though I can see why someone would buy it). One of the hard things about our bidding for cars is we never know what is going to turn up. The descriptions are almost identical and we don`t want to open our mouths to a price thinking it`s the best car in the world only to have to row with the chap when we see it in the flesh.
There are a couple of cars at the moment we would give blood for because we`ve got people waiting in the wings, other times we wouldn`t be as bold because our stock levels were high and we would have just put them into stock.
But anyway we digress - my purpose of coming on here was to defend my "things to watch out for if you`re selling a car" section
Keep smiling
Henry
mbutchers said:
Paul - I agree. The last two cars I sold, went privately. One was a £41k CSL and then the Porsche. I tried to sell my GT2 privately, but it was a no go. I guess at that kind of money, people want a bit of back-up in the event of any disasters.
Trying to find something now that won't sting me quite as much.
Trying to find something now that won't sting me quite as much.
I wanted to see what owning older 911's was all about and with your budget you could easily go for 965 Turbo II's. or 993 Turbo 4's. Or you could buy mine.....lol. Seriosuly I'm really into the older ones now but if I ever go for an newer 911 I reckon it'sll be a GT2.
I love to look at the older 912's also now, and quite fancy a LHD for abroad driving!! Not sure what kinda drive it would be though, but a friend has a 912 that he uses as his daily driver and loves it.
I always hold my hat off to Henry-his formula works and he is making money from it.
From my own perspective I do not understand the point of buying at the "bug price". I recently bought a Boxster 2.7 at 3k below the bug price but which was still 1k higher than the seller was being offered in the trade. It had recently been serviced, was HPI clear and had a Porsche check carried out 2k miles and 4 months previous. Tyres etc are all good and it needs for nothing. Now this same car could be sat in Henry's forecourt, in the same condition and 3k more than I paid. Henry-at the "bug price" what benefits am I afforded?
Now at your full price I can understand why people may want to pay for all the associated services but the full price is nearly what a main dealer would charge AND you get an absolutely immacultately presented car with an iron clad warranty and lots of tea and biscuits.
My ascetion is that the cars that you stock are generally not main dealer "fodder" ie wrong colour, wrong miles etc (ableit in great condition) and you should be applauded for filling a gap but the whole bug price thing is just really clever marketing. It focusses the mind on the lower price but in truth one would have to pay the higher price for the benefits that a dealer usually provides. And yes I know Porsche dont service the car if its had one on the last x miles but what is a service these days...a quick oil change..the real bit is the time taken to check all the oily bits and this is done by the 111 point check..
From my own perspective I do not understand the point of buying at the "bug price". I recently bought a Boxster 2.7 at 3k below the bug price but which was still 1k higher than the seller was being offered in the trade. It had recently been serviced, was HPI clear and had a Porsche check carried out 2k miles and 4 months previous. Tyres etc are all good and it needs for nothing. Now this same car could be sat in Henry's forecourt, in the same condition and 3k more than I paid. Henry-at the "bug price" what benefits am I afforded?
Now at your full price I can understand why people may want to pay for all the associated services but the full price is nearly what a main dealer would charge AND you get an absolutely immacultately presented car with an iron clad warranty and lots of tea and biscuits.
My ascetion is that the cars that you stock are generally not main dealer "fodder" ie wrong colour, wrong miles etc (ableit in great condition) and you should be applauded for filling a gap but the whole bug price thing is just really clever marketing. It focusses the mind on the lower price but in truth one would have to pay the higher price for the benefits that a dealer usually provides. And yes I know Porsche dont service the car if its had one on the last x miles but what is a service these days...a quick oil change..the real bit is the time taken to check all the oily bits and this is done by the 111 point check..
Henry-F said:
We wouldn`t be asking £44k for the car, I`d have thought we`d have the car up for £40/42k on our two prices.
Henry, I based my assumption on this 02/52 one of yours at £40/42K. Surely you wouldn't expect me to believe an 03/03 Cab with good colour combo and low miles would only command the same. (Interior colour aside.....
) www.911virgin.com/996gtc.htm
mbutchers said:
Henry, I based my assumption on this 02/52 one of yours at £40/42K. Surely you wouldn't expect me to believe an 03/03 Cab with good colour combo and low miles would only command the same. (Interior colour aside.....)
www.911virgin.com/996gtc.htm
) www.911virgin.com/996gtc.htm
let alone yours had Xenons, BOSE, the lovely sports exhaust, did NOT have ruffled leather, did NOT have that interior colour.
Henry - take your point above, too often your name is dropped into a post intead of "dealer" due to your notoriety on here which is unfair. I guess this works both ways as notoriety = free publicity.
mbutchers said:
Henry-F said:
We wouldn`t be asking £44k for the car, I`d have thought we`d have the car up for £40/42k on our two prices.
Henry, I based my assumption on this 02/52 one of yours at £40/42K. Surely you wouldn't expect me to believe an 03/03 Cab with good colour combo and low miles would only command the same. (Interior colour aside.....) www.911virgin.com/996gtc.htm
That is a 10,000 mile car and as such we can ask up to £40k. The 20k mile 996 tip that sold on Saturday was up for £38k, so £40/42 would be about right. In that instance I think the chap paid about the same as he would with our bug price. The downside is he has no protection at all.
Henry
Edited by Henry-F on Tuesday 16th January 15:02
How many of you have been victim of a fraud where you can lose your £40K car?? A crime where the police couldnt give a shit, a fraud where its not considered serious by the police as its less than £250K (thats where the Fraud Squad might take an intrest)..............I wouldnt mock anyone who underlines the pitfalls, even if you think he over eggs it for his own benefit.
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