Current market
Discussion
Jefferson Steelflex said:
What would the PH hive mind do if say someone was in the market for a 997 Turbo manual, had the money available and a space in the garage?
Not many around right now, those that are all have nothing special about them to warrant jumping into it, but asking prices remain absolutely firm. I don't (or rather don't want to) have the patience to stick the money in the bank and come back after Xmas, even though logic suggests prices are going to fall.
Are some of the older Pork more immune to market forces? I sold my last one for £57k back in 2021, paying more than that now feels a bit incongruous with where the current market is looking to be headed.
I think i would just keep looking and if one comes up in a spec/condition that appealed to you then buy it. If nothing takes your fancy there is no harm in waiting. Not many around right now, those that are all have nothing special about them to warrant jumping into it, but asking prices remain absolutely firm. I don't (or rather don't want to) have the patience to stick the money in the bank and come back after Xmas, even though logic suggests prices are going to fall.
Are some of the older Pork more immune to market forces? I sold my last one for £57k back in 2021, paying more than that now feels a bit incongruous with where the current market is looking to be headed.
I only buy cars that I am happy keeping for a while and not to buy to use for a short period and hope to sell on at a similar price.
People have been calling down the market for years that possibly want prices to come down (Brexit/Covid etc..). But you could end up waiting forever.
PaulJC84 said:
People have been calling down the market for years that possibly want prices to come down (Brexit/Covid etc..). But you could end up waiting forever.
I think most are simply not happy to pay considerably more for a car today than that same car was 4 years ago when it also had 30k less miles less on it. But there must come a point where you just want to have that car, so what if it falls further, cars depreciate?
Jesus, people are loosing £20,000 on a base Tesla over 2 years and here we are not wanting to lose that on a £70k Porsche over three years.
I just think be realistic. The silly period is over. I say go for it, but don't expect a £70k 991 to be worth £60k in 3 years time.
I just ran that £62,500 2018 Cat s Gts through wbac out of interest.
It was coming back at £35k !
Motorway wouldnt bid, i take it they dont value anything cat
Autotrader have similar 2017/18 NON CAT gts starting at £80k up to about £90k
Motorway seem to value those around £72k.
So basically its about 10k under non cat motorway prices. No idea if thats about right or not.
Prices all over the place.
It was coming back at £35k !
Motorway wouldnt bid, i take it they dont value anything cat
Autotrader have similar 2017/18 NON CAT gts starting at £80k up to about £90k
Motorway seem to value those around £72k.
So basically its about 10k under non cat motorway prices. No idea if thats about right or not.
Prices all over the place.
CK11 said:
I just ran that £62,500 2018 Cat s Gts through wbac out of interest.
It was coming back at £35k !
Motorway wouldnt bid, i take it they dont value anything cat
Autotrader have similar 2017/18 NON CAT gts starting at £80k up to about £90k
Motorway seem to value those around £72k.
So basically its about 10k under non cat motorway prices. No idea if thats about right or not.
Prices all over the place.
Very few people will buy a damaged repaired car, they have very little value in the real world and very difficult to move on.It was coming back at £35k !
Motorway wouldnt bid, i take it they dont value anything cat
Autotrader have similar 2017/18 NON CAT gts starting at £80k up to about £90k
Motorway seem to value those around £72k.
So basically its about 10k under non cat motorway prices. No idea if thats about right or not.
Prices all over the place.
Find a straight on
PaulJC84 said:
People have been calling down the market for years that possibly want prices to come down (Brexit/Covid etc..). But you could end up waiting forever.
Yes but now is different.....Interest rates rising and that is a first for like 20 years
So if you don't understand why this is significant I'm not sure what to say
parts replaced - PS 1/4 panel , door, wing , headlamp , Ft bumper
the DS 1/4 panel was repaired.
Because the 1/4 panel was a weld on part made it a cat S the rest of the parts were bolt on.
From my understanding there would be no future porsche warranty allowed on it either, could be wrong on that though
As others have mentioned, v prob best avoided unless you plan to keep for about 10 years
the DS 1/4 panel was repaired.
Because the 1/4 panel was a weld on part made it a cat S the rest of the parts were bolt on.
From my understanding there would be no future porsche warranty allowed on it either, could be wrong on that though
As others have mentioned, v prob best avoided unless you plan to keep for about 10 years
He might regret turning down that offer, if real, but does show a trader thinks he can turn a profit on it.
Just a shame its so hard to sell on a cat s car privately and the trade dont offer, or when they do offer, its such a difference in price. In that example wbac are 50% of trade price.
All of a sudden a 2018 991.2 gts is £35k, that would quickly get you rethinking.
Just a shame its so hard to sell on a cat s car privately and the trade dont offer, or when they do offer, its such a difference in price. In that example wbac are 50% of trade price.
All of a sudden a 2018 991.2 gts is £35k, that would quickly get you rethinking.
anonymous said:
[redacted]
Out if interest in this particular example. So you hypothetically buy the cat s 2018 gts for £60k or You buy a non damaged 2018 gts, same miles etc for 80k at the current market rate.
If Both cars drop at a similar rate that would make the cat s car a more astute financial buy surely, because of the 20k difference in starting price for the same car.
Say In 5 years they have both dropped 50%
The straight car is now 40k
The cat s is £30k
CK11 said:
parts replaced - PS 1/4 panel , door, wing , headlamp , Ft bumper
the DS 1/4 panel was repaired.
Because the 1/4 panel was a weld on part made it a cat S the rest of the parts were bolt on.
It is my understanding that Cat S means structural. I dont know if welding on a panel is structural. My 981 was Cat S because some suspension parts were damaged. These are structural. the DS 1/4 panel was repaired.
Because the 1/4 panel was a weld on part made it a cat S the rest of the parts were bolt on.
Also I believe insurance quotes or assessments never look to pull or repair panels - they have to replace. This can make repair costs escalate quickly. The rear quarter was damaged - in the pic - and the Porsche approved repair quote had 1000 + vat just for the replacement panel and then add for fitting and paint etc.
My repair estimate was a minimum of 17,500 + VAT.
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