Anyone else struggling to sell?

Anyone else struggling to sell?

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Discussion

chris_w

2,564 posts

261 months

Wednesday 7th May 2008
quotequote all
Raven Flyer said:
http://www.pistonheads.com/sales/462028.htm 

Been up for 3 weeks and not one response. Am I that far out?
I'm afraid you probably are. Check out this warrantied '02 car:

http://www.pistonheads.com/sales/499047.htm

I went to see it a couple of weeks ago (when advertised at £30,900) and it's very tidy. Would be tempted to make an offer but I have no confidence that I'll get enough from my own 996's sale to put towards it.

Raven Flyer

1,642 posts

226 months

Wednesday 7th May 2008
quotequote all
Thanks for the link. Both have FPSH, both OPC warranted, mine is 5 months older but has done 2/3rds of the miles so I'd expect the price difference to be about where it is. As for spec, they are two completely different cars, so that will be down to the buyer's choice.

I'm not expecting mine to be the single cheapest facelift out there but its one of the cheapest and that link kind of reassures me that the price isn't too far out.

Ranger 6

7,078 posts

251 months

Wednesday 7th May 2008
quotequote all
Ravi944 said:
I can sympathise with the OP. My glorious 964 has been on the specialist Porsche sites and PH for a few weeks and bar a few interesting chats on the telephone nothing firm has materialised. It certainly seems a buyers market and no doubt some bargains are to be had.
Mine took a few weeks to sell, had some interest from a garage as a p/ex but that fell through. Sold privately in the end.

Bargains are to be had as folk are expecting these types of car to shift in a few days, the seller then lowers the price expecting it to go even faster and it spirals from there. Hold out for a good price and keep the ads fresh. If you're happy it's a good car then a buyer will be somewhere out there, put it on all the sites you can think of with all the info.

Hereward

4,224 posts

232 months

Wednesday 7th May 2008
quotequote all
Raven Flyer said:
http://www.pistonheads.com/sales/462028.htm 

Been up for 3 weeks and not one response. Am I that far out?

Wife wants to sell it, I don't, so not really bothered... more intrigued.
Nice car. I think you need a photo or two of the interior, too.


eddiebhoy

206 posts

195 months

Wednesday 7th May 2008
quotequote all
Raven Flyer said:
Thanks for the link. Both have FPSH, both OPC warranted, mine is 5 months older but has done 2/3rds of the miles so I'd expect the price difference to be about where it is. As for spec, they are two completely different cars, so that will be down to the buyer's choice.

I'm not expecting mine to be the single cheapest facelift out there but its one of the cheapest and that link kind of reassures me that the price isn't too far out.
As someone who recently bought a car, I specifically went for as late a model as I could afford. Over the course of three years or so of ownership, the mileage differential will probably not be as wide as it appears now. The new owner is going to be more concerned about what the car is likely to be worth when they sell it and (despite it being only 5 months), the second car here is 'a year younger'.

MogulBoy

2,947 posts

225 months

Wednesday 7th May 2008
quotequote all
Raven Flyer said:
http://www.pistonheads.com/sales/462028.htm 

Been up for 3 weeks and not one response. Am I that far out?

Wife wants to sell it, I don't, so not really bothered... more intrigued.
Your car looks good and it's a good spec. I would down play (but not hide) the fact that it was registered in 12/01 - I didn't realise that facelifts could be that old!

Just a suggestion, it might be worth asking HenryF what he could offer you as it looks like the type of car that he might be find a buyer for...

Raven Flyer

1,642 posts

226 months

Wednesday 7th May 2008
quotequote all
Good idea about the interior photo. I kind of assumed black leather was black leather but guess you can't have too many photos.

I don't really want to hide the date first registered as I think being open and honest is always the best policy in these things. It would be like the owner of the silver one hiding the mileage. Such a policy is only going to lead to time wasting and make the process of selling even more of a chore.

PaulPT7

Original Poster:

1,320 posts

202 months

Wednesday 7th May 2008
quotequote all
Just had someone leave me a voicemail. This is what he said, "Yo mate, you sellin a Porsche? If you are ring me back 0779xXXXXX."

I don't know whether to laugh or cry! rolleyes

Ravi944

4,110 posts

221 months

Wednesday 7th May 2008
quotequote all
These certainly are funny times...I have no intention of dropping the price to play into a weak market because I don't charity!. Got 2 good enquiries today and viewings this weekend. Let's see what happens...

Deutscher

1,430 posts

221 months

Wednesday 7th May 2008
quotequote all
Ravi944 said:
These certainly are funny times...I have no intention of dropping the price to play into a weak market because I don't charity!. Got 2 good enquiries today and viewings this weekend. Let's see what happens...
Admirable but naive sentiments.

Nobody chooses to play into a weak market, but if you have to sell when the market is weak, you have to drop the price.

Why would anyone pay top-dollar when the market is weak?

Ravi944

4,110 posts

221 months

Wednesday 7th May 2008
quotequote all
Deutscher said:
Ravi944 said:
These certainly are funny times...I have no intention of dropping the price to play into a weak market because I don't charity!. Got 2 good enquiries today and viewings this weekend. Let's see what happens...
Admirable but naive sentiments.

Nobody chooses to play into a weak market, but if you have to sell when the market is weak, you have to drop the price.

Why would anyone pay top-dollar when the market is weak?
But you completely miss the point. Who said I "have to sell"?

Deutscher

1,430 posts

221 months

Wednesday 7th May 2008
quotequote all
All the indications are that the economy in general, and the housing market in particular, are going to degenerate further over the coming months.

A new 'strong' market is a long way off, I suspect.

Henry-F

4,791 posts

247 months

Wednesday 7th May 2008
quotequote all
I haven`t seen the car so can`t value it. The only thing I would say is that we have a facelift 996 coupe that`s done 37k miles up for £31,500 at the moment and we are a marque specialist. £31,250 offers a small saving to the private buyer prepared to take a risk but I think they`ll probably want a bigger saving to tempt them to hand over the folding.

We have actually been very busy these past few months. 31 cars sold in April was a good month and today has been ballistic. Bought 3, sold 2 (including one of the cars bought today) with a nice Porsche in p/x (so really bought 4 cars). There`s business to be had out there.

It`s the same as all this media bks about a credit squeeze and no mortgages being available. We`re in the process of buying a little place on the south coast, have been offered 0.64% above Bank of England Base for the term of loan - and that was only the 2nd place I tried - a better rate than I got for 911virgin towers 10 years ago! Where`s the money squeeze again?

I`m not saying things are easy, you`ve got to work for the deal but it`s out there if you try. If the builder I`m buying from goes under for instance it`s not because of the economic climate, it`s because their sales team are ste. You thought buying a car was hard, these clowns put the price up as soon as you start to negotiate with them. 3 months later and finally we`ve bought for just £2k more than I originally offered. I haven`t kicked them in the nuts, just paid what I think is a fair price. They have just been a little spoiled with people throwing money at them on the assumption property will double overnight. Now they`ve got to justify their asking price and that`s something we should be celebrating not moaning about.

If you`re in no hurry to sell and decide to chance your arm a bit that`s cool but realise you`re asking all the money rather than offering a bargain and don`t be too surprised if things take a little time to sell or don`t quite make the asking price. Certainly don`t blame the economic climate.

Henry smile

Wetwipe

3,019 posts

215 months

Wednesday 7th May 2008
quotequote all
chris_w said:
Raven Flyer said:
http://www.pistonheads.com/sales/462028.htm 

Been up for 3 weeks and not one response. Am I that far out?
I'm afraid you probably are. Check out this warrantied '02 car:

http://www.pistonheads.com/sales/499047.htm

I went to see it a couple of weeks ago (when advertised at £30,900) and it's very tidy. Would be tempted to make an offer but I have no confidence that I'll get enough from my own 996's sale to put towards it.
Chris

If you have to sell your family try to scrabble the money together for stu's 02 car.

IT IS MINT! The owner is a PHer, he is selling the car for genuine reasons and has spent a lot of time keeping it in original and pristine condition.

I really dont think I have seen a better condition 996

Edited by Wetwipe on Wednesday 7th May 19:51

Hedgeman

670 posts

233 months

Wednesday 7th May 2008
quotequote all
Ravi944 said:
PaulPT7 said:
I reduced the price today and I've had 2 emails about it. Both of them ask the same question. Whats the lowest price you would go to. WTF is the point of putting a price if they are just going to ask that, I thought the etiquette was;

See a car you like.
Ring up about car, if interested.
Discuss car with seller, possibly discuss price.
Arrange to see car.
Visit car.
Haggle on price.
Take it or leave it.
Completely agree. I refuse to reply to the many emails I've had of this type!
You may miss out on potential genuine buyers then. Viewing a car for sale by a private seller may involve a substantial committment in travel time to see just a single vehicle. When buying I always try to get a feel for how much movement there is on the seller's price, though I'd probably just ask "what flexibility" there is in the price rather than be quite so blunt.

Gary.

Edited by Hedgeman on Wednesday 7th May 21:09

Hedgeman

670 posts

233 months

Wednesday 7th May 2008
quotequote all
Henry-F said:
I haven`t seen the car so can`t value it. The only thing I would say is that we have a facelift 996 coupe that`s done 37k miles up for £31,500 at the moment and we are a marque specialist. £31,250 offers a small saving to the private buyer prepared to take a risk but I think they`ll probably want a bigger saving to tempt them to hand over the folding.

We have actually been very busy these past few months. 31 cars sold in April was a good month and today has been ballistic. Bought 3, sold 2 (including one of the cars bought today) with a nice Porsche in p/x (so really bought 4 cars). There`s business to be had out there.

It`s the same as all this media bks about a credit squeeze and no mortgages being available. We`re in the process of buying a little place on the south coast, have been offered 0.64% above Bank of England Base for the term of loan - and that was only the 2nd place I tried - a better rate than I got for 911virgin towers 10 years ago! Where`s the money squeeze again?

I`m not saying things are easy, you`ve got to work for the deal but it`s out there if you try. If the builder I`m buying from goes under for instance it`s not because of the economic climate, it`s because their sales team are ste. You thought buying a car was hard, these clowns put the price up as soon as you start to negotiate with them. 3 months later and finally we`ve bought for just £2k more than I originally offered. I haven`t kicked them in the nuts, just paid what I think is a fair price. They have just been a little spoiled with people throwing money at them on the assumption property will double overnight. Now they`ve got to justify their asking price and that`s something we should be celebrating not moaning about.

If you`re in no hurry to sell and decide to chance your arm a bit that`s cool but realise you`re asking all the money rather than offering a bargain and don`t be too surprised if things take a little time to sell or don`t quite make the asking price. Certainly don`t blame the economic climate.

Henry smile
But you're a creditworthy guy running what is very clearly a highly successful business. If the banks stop lending to the likes of you, the economy would probably have collapsed completely.

There are plenty of people in marginal positions who are or will soon be in trouble. For example, we're strengthening our team at work, and the number of high-quality people we're getting through who are twitchy about their job at their investment bank, or who have already been made redundant is staggering. A complete sea change from even a few months ago. The newspaper stories of credit crunch, whilst scare-mongering to some degree certainly aren't all bks...

kryten

597 posts

227 months

Wednesday 7th May 2008
quotequote all

Don't forget the 'security' that people feel in handing over a large amount of cash to a dealer (especially an OPC or a even a well known indie or other established garage with a good reputation).

If its 30 grand, cash of your own money, how on earth do you pay them:

a) bank transfer: what if the sod doesn't give me the car
b) banker's draft: many people want them to 'clear' due to nicked ones - see a)
c) CASH: what if i get hit over the head on the way there

All of these methods carry a perceived risk of loosing the whole lot which just doesn't apply when handing that amount of money over to a dealer (bought my wife's new car last week on a debit card!!)

All said, if you're sell price is within 2-3k of the same car at a dealer I reckon 90% of people will pay the extra...


dxb335d

2,905 posts

197 months

Wednesday 7th May 2008
quotequote all
Lovely looking boxsta mate!! High miles though for sure. Any others with that sort of mileage.If its the only one then that could be off putting maybe?

Ravi944

4,110 posts

221 months

Thursday 8th May 2008
quotequote all
Henry-F said:
Where`s the money squeeze again?
Fortunately for you and for many of us here we're not first time buyers looking to get a step onto the proverbial ladder on an average salary. I can imagine that if you are in such a position, things might be a little different (especially if lenders continue not to pass on rate reductions)?

rubystone

11,254 posts

261 months

Thursday 8th May 2008
quotequote all
Hedgeman said:
But you're a creditworthy guy running what is very clearly a highly successful business. If the banks stop lending to the likes of you, the economy would probably have collapsed completely.

There are plenty of people in marginal positions who are or will soon be in trouble. For example, we're strengthening our team at work, and the number of high-quality people we're getting through who are twitchy about their job at their investment bank, or who have already been made redundant is staggering. A complete sea change from even a few months ago. The newspaper stories of credit crunch, whilst scare-mongering to some degree certainly aren't all bks...
Beat me to it! Henry is a lender's dream. I think that the market for £30k plus cars is going to be hit badly - that's prime bonus money territory - OK so I know we all hear about multi-million pound bonuses, but the bulge is in the late 5 and early 6 figure bracket.

We're already seeing it on the grids in racing - people who would spend, say £20k a year to test and race their car are not comitting to anything at all, or at best a couple of races. Carrera Cup GB is hardly oversubscribed this year is it?

I think what was telling was how the money that was due to go into Paris Dakar appears not to have been diverted elsewhere...

I notice the chairman of the Building Societies Commission went on record to day to warn that the credit squeeze may last 2 years. Just how many of his members funded their mortgage book on the short term money markets?