991 GT3 Prices - 50 cars available!
Discussion
not sure if i missed something but this thread started back in may and their were abt 50 gt3 991 for sale on pistonheads and today their are 51 for sale and having watched the same cars for sale go nowhere with warranties from porsche evaporating by the hour ,it gives me great pleasure to note that buyers are holding off giving hard earned cash to dealers ….especially the cheeky porsche main dealers whom want 165 k for a used 991 that is being sold in cardiff….great cars sold by p
ks!!
ks!!Edited by jeremyc on Saturday 18th July 09:08
Could'nt agree more !
Kevin-h3fdk said:
not sure if i missed something but this thread started back in may and their were abt 50 gt3 991 for sale on pistonheads and today their are 51 for sale and having watched the same cars for sale go nowhere with warranties from porsche evaporating by the hour ,it gives me great pleasure to note that buyers are holding off giving hard earned cash to dealers ….especially the cheeky porsche main dealers whom want 165 k for a used 991 that is being sold in cardiff….great cars sold by pks!!
ks!!Edited by jeremyc on Saturday 18th July 09:08
ThirtySomething said:
GT4RS said:
What did shock me was Porsches guaranteed future value after 4 years of only £41k. I was expecting this to be a lot higher.
Definitely wrong to me, £41k. Absolutely no fEdited by GT4RS on Friday 17th July 20:22
king way!! I mean OPC should know better than that. They know it should in fact be a lot lower now that Mr Preuninger has suggested re-introduction of the manual box and keeping NA engines for next GT3.
1olopA
t!!When the 991 TTs appeared the 3yr GFV was in the £60ks....lol.....presumably based on the 997 woeful residuals at the time which typically took a £45k hit in year one. And where are we now? Well the 991 Turbo S has stood up remarkably well with 2yr olds at c £120k.
Similar figures were provided for the GT3 at launch....
As we all know £41k gets you a c 5 year old Carrera.
GT4RS said:
GFV makes a difference in my book.
A good GDV shows Porsche has confidence in its brand.
We all know opc centres love to refer back to the brand word when ever they can!
With all the recent hype around the gt3 I was at least expecting it to start with a 6
I
I think they 'work' the finance so that the GFV is always lower than its actual worth so that equity gives you a deposit for the next model you want to buy, thus perpetuating the finance roundabout.A good GDV shows Porsche has confidence in its brand.
We all know opc centres love to refer back to the brand word when ever they can!
With all the recent hype around the gt3 I was at least expecting it to start with a 6
I
For example, if they say the GFV is £40k but its actually £70k then that gives you £30k deposit for the next car........i think, but I may be wrong as I have never looked into it that deeply.
V8KSN said:
GT4RS said:
GFV makes a difference in my book.
A good GDV shows Porsche has confidence in its brand.
We all know opc centres love to refer back to the brand word when ever they can!
With all the recent hype around the gt3 I was at least expecting it to start with a 6
I
I think they 'work' the finance so that the GFV is always lower than its actual worth so that equity gives you a deposit for the next model you want to buy, thus perpetuating the finance roundabout.A good GDV shows Porsche has confidence in its brand.
We all know opc centres love to refer back to the brand word when ever they can!
With all the recent hype around the gt3 I was at least expecting it to start with a 6
I
For example, if they say the GFV is £40k but its actually £70k then that gives you £30k deposit for the next car........i think, but I may be wrong as I have never looked into it that deeply.
GT4RS said:
GFV makes a difference in my book.
A good GDV shows Porsche has confidence in its brand.
We all know opc centres love to refer back to the brand word when ever they can!
With all the recent hype around the gt3 I was at least expecting it to start with a 6
I
Confidence? Whats that got to do with anything?A good GDV shows Porsche has confidence in its brand.
We all know opc centres love to refer back to the brand word when ever they can!
With all the recent hype around the gt3 I was at least expecting it to start with a 6
I
All that matters is the financial deal. No matter how you 'buy' your car.
Oh, and anyone who pays OPC interest rates needs to sit down and have a word with themselves.
GT4RS said:
What did shock me was Porsches guaranteed future value after 4 years of only £41k. I was expecting this to be a lot higher.
Was I mad to think this?.........Can I have peoples genuine opinion on this please?
This is shockingly low however it is based on simple computer models and glasses/ cap values ....Was I mad to think this?.........Can I have peoples genuine opinion on this please?
I imagine (experienced speculation) the maths went something like this:-
Current cap/glasses value of a 991 GT3 is around £125k ( this has little to do with real selling prices / values etc - don't shoot me down)
Expected residuals after 4 years 40% - £50k (once again don't shoot me down , I'm just showing how the models work)
% of future predicated residuals the finance co is willing to guarantee - c85% - so 85% of £50k = £42,500
On the example you did, you would hope ..it was more like..
85% of 60% of £125k - so closer £64k
Edited by Wilmslowboy on Sunday 19th July 09:52
Mario149 said:
mollytherocker said:
Oh, and anyone who pays OPC interest rates needs to sit down and have a word with themselves.
I'd don't take finance, but I was offer rates of about 5.5% or so back in Jan, which didn't seem to excessive? Caveat: I know almost nothing about finance.Mario149 said:
mollytherocker said:
Oh, and anyone who pays OPC interest rates needs to sit down and have a word with themselves.
I'd don't take finance, but I was offer rates of about 5.5% or so back in Jan, which didn't seem to excessive? Caveat: I know almost nothing about finance.For the time being I was interested porsche's GFV figure
I will speak with my contact at Lombard and ask the to also run some numbers on the same car.
V8KSN said:
I think they 'work' the finance so that the GFV is always lower than its actual worth so that equity gives you a deposit for the next model you want to buy, thus perpetuating the finance roundabout.
For example, if they say the GFV is £40k but its actually £70k then that gives you £30k deposit for the next car........i think, but I may be wrong as I have never looked into it that deeply.
That's a sells man dream line, they tell you that because you are taking all the risk!For example, if they say the GFV is £40k but its actually £70k then that gives you £30k deposit for the next car........i think, but I may be wrong as I have never looked into it that deeply.
In my experience it's the finance house/ companies that set the GFV and it's based on a % of the industry guides predications (glasses/cap etc).
Normally its in the sales persons interest for the highest GFV as possible, as this keeps their customers monthly payments as low as possible (thus possibly allowing their customer to buy a car higher up the range and therefore more commission for the sales person)
The low GFV in this example is (I believe) in large part to current cap values being significantly lower than the actual sales price, and industry predicated values (in 4 years time) not being in line with recent GT3 trends.
I imagine the finance house (in this case probably Porsche) is just applying their normal % to future predicated values, the later which they can't control.
Normally its in the sales persons interest for the highest GFV as possible, as this keeps their customers monthly payments as low as possible (thus possibly allowing their customer to buy a car higher up the range and therefore more commission for the sales person)
The low GFV in this example is (I believe) in large part to current cap values being significantly lower than the actual sales price, and industry predicated values (in 4 years time) not being in line with recent GT3 trends.
I imagine the finance house (in this case probably Porsche) is just applying their normal % to future predicated values, the later which they can't control.
mollytherocker said:
Mario149 said:
mollytherocker said:
Oh, and anyone who pays OPC interest rates needs to sit down and have a word with themselves.
I'd don't take finance, but I was offer rates of about 5.5% or so back in Jan, which didn't seem to excessive? Caveat: I know almost nothing about finance.That said, it may have begun with a 6, my memory is a bit sketchy as I only got them to run the numbers out of mild interest, unless it had come out as something like 2% I was never going to take it!
OMG! don't be fooled by this punter OPC Wales has crapped on more old customers in the last 12 mounths than I've heard about in the last 25 years of knowing them... blame the 'Company', the 'dealer principal' or the hard face don't give a danm 'salespeople', they don't deserve the business if the treat their customers like doormats, only time will tell ...
GT4RS said:
Just make everyone aware I did not contact Porsche Cardiff for prices it was from another opc.
Porsche Cardiff can be very help full, at times I have had excellent service from them.
Porsche Cardiff can be very help full, at times I have had excellent service from them.
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